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Segment Information (Tables) | 9 Months Ended
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Jun. 24, 2023
Segment Reporting [Abstract] |
Schedule of Financial Information Relating to Company's Business Segments | Financial information relating to the Company's business segments is presented in the table below.
|  | Three Months Ended |  | Nine Months Ended
|  | June 24, 2023 |  | June 25, 2022 |  | June 24, 2023 |  | June 25, 2022
|  | (in thousands)
Net sales: |  |  |  |  |  |  |  |
Pet segment |  | $ | 503,329 |  |  | $ | 504,781 |  |  | $ | 1,394,352 |  |  | $ | 1,438,423 |
Garden segment |  | 519,940 |  |  | 510,597 |  |  | 1,165,584 |  |  | 1,192,723 |
Total net sales |  | $ | 1,023,269 |  |  | $ | 1,015,378 |  |  | $ | 2,559,936 |  |  | $ | 2,631,146 |
Operating income (loss) |  |  |  |  |  |  |  |
Pet segment |  | 59,969 |  |  | 62,616 |  |  | 154,779 |  |  | 168,512 |
Garden segment |  | 88,088 |  |  | 75,564 |  |  | 126,887 |  |  | 152,132 |
Corporate |  | (25,227) |  |  | (24,101) |  |  | (80,389) |  |  | (73,506) |
Total operating income |  | 122,830 |  |  | 114,079 |  |  | 201,277 |  |  | 247,138 |
Interest expense - net |  | (13,134) |  |  | (14,335) |  |  | (41,600) |  |  | (43,445) |
Other income (expense) |  | 853 |  |  | (759) |  |  | 3,147 |  |  | (1,337) |
Income tax expense |  | 27,000 |  |  | 23,430 |  |  | 39,446 |  |  | 47,319 |
Income including noncontrolling interest |  | 83,549 |  |  | 75,555 |  |  | 123,378 |  |  | 155,037 |
Net income attributable to noncontrolling interest |  | 423 |  |  | 135 |  |  | 570 |  |  | 895 |
Net income attributable to Central Garden & Pet Company |  | $ | 83,126 |  |  | $ | 75,420 |  |  | $ | 122,808 |  |  | $ | 154,142 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Pet segment |  | $ | 10,060 |  |  | $ | 9,791 |  |  | $ | 30,647 |  |  | $ | 28,879 |
Garden segment |  | 10,823 |  |  | 9,118 |  |  | 32,483 |  |  | 26,457 |
Corporate |  | 818 |  |  | 975 |  |  | 2,374 |  |  | 2,997 |
Total depreciation and amortization |  | $ | 21,701 |  |  | $ | 19,884 |  |  | $ | 65,504 |  |  | $ | 58,333 |
|  | June 24, 2023 |  | June 25, 2022 |  | September 24, 2022
|  | (in thousands)
Assets: |  |  |  |  |  |
Pet segment |  | $ | 1,009,606 |  |  | $ | 1,098,886 |  |  | $ | 1,069,167 |
Garden segment |  | 1,473,774 |  |  | 1,498,856 |  |  | 1,405,802 |
Corporate |  | 936,567 |  |  | 748,184 |  |  | 807,033 |
Total assets |  | $ | 3,419,947 |  |  | $ | 3,345,926 |  |  | $ | 3,282,002 |
Goodwill (included in corporate assets above): |  |  |  |  |  |
Pet segment |  | $ | 277,067 |  |  | $ | 277,067 |  |  | $ | 277,067 |
Garden segment |  | 269,369 |  |  | 234,906 |  |  | 269,369 |
Total goodwill |  | $ | 546,436 |  |  | $ | 511,973 |  |  | $ | 546,436 |
The tables below present the Company's disaggregated revenues by segment:
|  | Three Months Ended June 24, 2023 |  | Nine Months Ended June 24, 2023
|  | Pet Segment |  | Garden Segment |  | Total |  | Pet Segment |  | Garden Segment |  | Total
|  | (in millions) |  | (in millions)
Other pet products |  | $ | 208.9 |  |  | $ | — |  |  | $ | 208.9 |  |  | $ | 542.6 |  |  | $ | — |  |  | $ | 542.6 |
Dog and cat products |  | 136.0 |  |  | — |  |  | 136.0 |  |  | 396.9 |  |  | — |  |  | 396.9 |
Other manufacturers' products |  | 100.3 |  |  | 107.9 |  |  | 208.2 |  |  | 306.7 |  |  | 249.7 |  |  | 556.4 |
Wild bird products |  | 58.1 |  |  | 81.5 |  |  | 139.6 |  |  | 148.2 |  |  | 222.6 |  |  | 370.8 |
Other garden supplies |  | — |  |  | 330.5 |  |  | 330.5 |  |  | — |  |  | 693.3 |  |  | 693.3 |
Total |  | $ | 503.3 |  |  | $ | 519.9 |  |  | $ | 1,023.3 |  |  | $ | 1,394.4 |  |  | $ | 1,165.6 |  |  | $ | 2,559.9 |
|  | Three Months Ended June 25, 2022 |  | Nine Months Ended June 25, 2022
|  | Pet Segment |  | Garden Segment |  | Total |  | Pet Segment |  | Garden Segment |  | Total
|  | (in millions) |  | (in millions)
Other pet products |  | $ | 233.3 |  |  | $ | — |  |  | $ | 233.3 |  |  | $ | 610.5 |  |  | $ | — |  |  | $ | 610.5 |
Dog and cat products |  | 122.5 |  |  | — |  |  | 122.5 |  |  | 396.7 |  |  | — |  |  | 396.7 |
Other manufacturers' products |  | 102.4 |  |  | 112.7 |  |  | 215.1 |  |  | 305.5 |  |  | 257.5 |  |  | 563.0 |
Wild bird products |  | 46.6 |  |  | 79.4 |  |  | 126.0 |  |  | 125.7 |  |  | 207.0 |  |  | 332.7 |
Other garden supplies |  | — |  |  | 318.5 |  |  | 318.5 |  |  | — |  |  | 728.2 |  |  | 728.2 |
Total |  | $ | 504.8 |  |  | $ | 510.6 |  |  | $ | 1,015.4 |  |  | $ | 1,438.4 |  |  | $ | 1,192.7 |  |  | $ | 2,631.1 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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