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Goodwill | 12 Months Ended
--- | ---
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill Changes in the carrying amount of goodwill for the fiscal years ended September 27, 2025, September 28, 2024 and September 30, 2023:
| Garden Products Segment |  | Pet Products Segment |  | Total
| (in thousands)
Balance as of September 24, 2022 |  |  |  |  |
Goodwill | $ | 482,952 |  |  | $ | 473,045 |  |  | $ | 955,997 |
Accumulated impairment losses | (213,583) |  |  | (195,978) |  |  | (409,561) |
| 269,369 |  |  | 277,067 |  |  | 546,436 |
Additions in fiscal 2023 | — |  |  | — |  |  | — |
Balance as of September 30, 2023 |  |  |  |  |
Goodwill | 482,952 |  |  | 473,045 |  |  | 955,997 |
Accumulated impairment losses | (213,583) |  |  | (195,978) |  |  | (409,561) |
| 269,369 |  |  | 277,067 |  |  | 546,436 |
Additions in fiscal 2024 | — |  |  | 4,925 |  |  | 4,925 |
Balance as of September 28, 2024 |  |  |  |  |
Goodwill | 482,952 |  |  | 477,970 |  |  | 960,922 |
Accumulated impairment losses | (213,583) |  |  | (195,978) |  |  | (409,561) |
| 269,369 |  |  | 281,992 |  |  | 551,361 |
Additions in fiscal 2025 | — |  |  | 3,331 |  |  | 3,331 |
Balance as of September 27, 2025 |  |  |  |  |
Goodwill | 482,952 |  |  | 481,301 |  |  | 964,253 |
Accumulated impairment losses | (213,583) |  |  | (195,978) |  |  | (409,561) |
| $ | 269,369 |  |  | $ | 285,323 |  |  | $ | 554,692 |
Additions or reductions to goodwill include acquisitions, sale of businesses, purchase price adjustments and adjustments of amounts upon finalization of purchase accounting. The Company tests goodwill for impairment annually (as of the first day of the fourth fiscal quarter), or whenever events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount, by first assessing qualitative factors to determine whether it is more likely than not the fair value of the reporting unit is less than its carrying amount. The qualitative assessment evaluates factors including macro-economic conditions, industry-specific and company-specific considerations, legal and regulatory environments and historical performance. If it is determined that it is more likely than not the fair value of the reporting unit is greater than its carrying amount, it is unnecessary to perform the quantitative goodwill impairment test. If it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, the quantitative test is performed to identify potential goodwill impairment. Based on certain circumstances, the Company may elect to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test, which compares the estimated fair value of our reporting units to their related carrying values, including goodwill. Impairment is indicated if the estimated fair value of the reporting unit is less than its carrying value, and an impairment charge is recognized for the differential. The Company’s goodwill impairment analysis also includes a comparison of the aggregate estimated fair value of its two reporting units to the Company’s total market capitalization. Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. The estimate of fair value of each of the Company’s reporting units is based on the Company’s projection of revenues, gross margin, operating costs and cash flows considering historical and estimated future results, general economic and market conditions as well as the impact of planned business and operational strategies. The Company bases its fair value estimates on assumptions the Company believes to be reasonable at the time, but such assumptions are subject to inherent uncertainty. Assumptions critical to the Company’s fair value estimates were: (i) discount rates used in determining the fair value of the reporting units; (ii) estimated future cash flows; and (iii) projected revenue and operating profit growth rates used in the reporting unit models. Actual results may differ from those estimates. The valuations employ present value techniques to measure fair value and consider market factors. In connection with the Company's annual goodwill impairment testing performed during fiscal 2025, the Company made a qualitative evaluation about the likelihood of goodwill impairment to determine whether it was necessary to calculate the fair values of its reporting units under the goodwill impairment test. The Company completed its qualitative assessment of potential goodwill impairment and determined that it was more likely than not the fair values of the Company's reporting units were greater than their carrying amount in fiscal 2025, and accordingly, no further testing of goodwill was required in fiscal 2025. In connection with the Company’s annual goodwill impairment testing performed during fiscal 2024, the Company made a qualitative evaluation about the likelihood of goodwill impairment to determine whether it was necessary to calculate the fair values of its reporting segments under the goodwill impairment test. The Company completed our qualitative assessment of potential goodwill impairment and determined that it was more likely than not the fair values of the Company’s reporting segments were greater than their carrying amount in fiscal 2024, and accordingly, no further testing of goodwill was required in fiscal 2024. In connection with the Company’s annual goodwill impairment testing performed during fiscal 2023, the Company elected to bypass the qualitative assessment and proceeded directly to performing the quantitative goodwill impairment test. The Company completed its quantitative assessment of potential goodwill and determined that it was more likely than not the fair values of the Company's reporting units were greater than their carrying amounts.

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