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Business Segment Data | 12 Months Ended
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Sep. 28, 2024
Segment Reporting [Abstract] |
Business Segment Data | Business Segment Data The Company’s chief operating decision-maker is its Chief Executive Officer. Operating segments are managed separately because each segment represents a strategic business that offers different products or services. The Company’s chief operating decision maker evaluates performance based on operating income or loss. The Company’s Corporate division is included in the following presentation since certain expenses of this division are not allocated separately to the two operating segments. Segment assets exclude cash equivalents, short-term investments, goodwill, and deferred taxes. Management has determined that the Company has two operating segments which are also reportable segments based on the level at which the chief operating decision maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment. Substantially all of the Company’s assets and operations relate to its business in the United States. The Pet segment consists of Nylabone Products, IMS Trading, Four Paws Products, Central Specialty Pet (Avian and Small Animal, C&S Products and Aquatics), Segrest, K&H Pet Products, Arden, DMC, Life Sciences, Interpet, General Pet and Pet Distribution. These businesses are engaged in the manufacture, purchase, sale and delivery of internally and externally produced pet supplies, animal health and insect controls, aquariums, books, dog treats and food, as well as live fish and small animals principally to independent pet distributors, big-box retailers, regional retailer chains, eCommerce retailers, grocery stores and mass merchants. The Garden segment consists of Grass Seed, Bird Feed, Chemicals and Fertilizers, Excel Marketing, Gulfstream, Cedarworks, Bell Nursery, Hopewell Nursery, DMO, Green Garden, D&D Commodities and Garden Distribution. Products manufactured, designed and sourced, or distributed include products found typically in the lawn and garden sections of mass merchandisers, warehouse-type clubs, home improvement centers and nurseries and include live plants; grass, vegetable, flower and herb seed; wild bird feed, bird houses and other birding accessories; terra-cotta pottery; herbicides, pesticides and insecticides. These products are sold directly to national and regional retail chains, independent garden distributors, online retailers, grocery stores, nurseries and garden supply retailers. The Corporate division includes expenses associated with corporate functions and projects, certain employee benefits, interest income, interest expense and inter-segment eliminations. The following table indicates each class of similar products which represented approximately 10% or more of the Company’s consolidated net sales in the fiscal years presented (in millions).
Category |  | 2024 |  | 2023 |  | 2022
|  | (in millions)
Other garden products |  | $ | 802.6 |  |  | $ | 832.2 |  |  | $ | 865.3 |
Other pet products |  | 701.4 |  |  | 699.4 |  |  | 765.9 |
Other manufacturers' products |  | 735.9 |  | 734.9 |  | 730.2 |
Dog & cat products |  | 534.2 |  | 568.6 |  |  | 542.9 |
Wild bird |  | 426.4 |  | 475.0 |  |  | 434.3 |
Total |  | $ | 3,200.5 |  |  | $ | 3,310.1 |  |  | $ | 3,338.6 |
See Note 4 – Concentration of Credit Risk and Significant Customers and Suppliers for the Company’s largest customers by segment. Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the table below:
| Fiscal Year Ended
| September 28, 2024 |  | September 30, 2023 |  | September 24, 2022
| (in thousands)
Net sales: |  |  |  |  |
Pet segment | $ | 1,832,744 |  |  | $ | 1,877,177 |  |  | $ | 1,878,110 |
Garden segment | 1,367,716 |  |  | 1,432,906 |  |  | 1,460,478 |
Total | $ | 3,200,460 |  |  | $ | 3,310,083 |  |  | $ | 3,338,588 |
Operating income (loss): |  |  |  |  |
Pet segment | $ | 203,425 |  |  | $ | 198,004 |  |  | $ | 208,924 |
Garden segment | 81,893 |  |  | 123,455 |  |  | 153,956 |
Corporate | (99,931) |  |  | (110,813) |  |  | (102,844) |
Total | 185,387 |  |  | 210,646 |  |  | 260,036 |
Interest expense | (57,527) |  |  | (57,025) |  |  | (58,253) |
Interest income | 19,655 |  |  | 7,362 |  |  | 719 |
Other income (expense), net | (5,090) |  |  | 1,462 |  |  | (3,596) |
Income before income taxes and noncontrolling interest | 142,425 |  |  | 162,445 |  |  | 198,906 |
Income tax expense | 33,112 |  |  | 36,348 |  |  | 46,234 |
Net income including noncontrolling interest | 109,313 |  |  | 126,097 |  |  | 152,672 |
Net income attributable to noncontrolling interest | 1,330 |  |  | 454 |  |  | 520 |
Net income attributable to Central Garden & Pet Company | $ | 107,983 |  |  | $ | 125,643 |  |  | $ | 152,152 |
Assets: |  |  |  |  |
Pet segment | $ | 955,000 |  |  | $ | 944,359 |  |  | $ | 1,069,167 |
Garden segment | 1,272,033 |  |  | 1,349,426 |  |  | 1,405,802 |
Corporate and eliminations | 1,326,406 |  |  | 1,084,863 |  |  | 807,033 |
Total | $ | 3,553,439 |  |  | $ | 3,378,648 |  |  | $ | 3,282,002 |
Depreciation and amortization: |  |  |  |  |
Pet segment | $ | 43,642 |  |  | $ | 41,126 |  |  | $ | 38,960 |
Garden segment | 44,403 |  |  | 43,375 |  |  | 36,583 |
Corporate | 2,762 |  |  | 3,199 |  |  | 5,405 |
Total | $ | 90,807 |  |  | $ | 87,700 |  |  | $ | 80,948 |
Expenditures for long-lived assets: |  |  |  |  |
Pet segment | $ | 27,757 |  |  | $ | 33,515 |  |  | $ | 46,917 |
Garden segment | 17,307 |  |  | 19,109 |  |  | 65,126 |
Corporate | 1,600 |  |  | 1,342 |  |  | 3,162 |
Total | $ | 46,664 |  |  | $ | 53,966 |  |  | $ | 115,205 |
Noncontrolling interest is associated with the Garden segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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