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Condensed Financial Information of Registrant | 12 Months Ended
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Sep. 30, 2011
Condensed Financial Information of Registrant [Abstract] |
Condensed Financial Information of Registrant | Condensed Financial Information Of Parent Company Only Disclosure SCHEDULE I HARBINGER GROUP INC. (Registrant Only) CONDENSED BALANCE SHEETS (In thousands)
|  | September 30, |  |  | September 30, |
|  | 2011 |  |  | 2010 |
ASSETS
Cash and cash equivalents |  | $ | 134,790 |  |  | $ | 84,262 |
Short-term investments |  |  | 74,889 |  |  |  | 53,965 |
Prepaid expenses and other current assets |  |  | 1,678 |  |  |  | 1,740 |
Total current assets |  |  | 211,357 |  |  |  | 139,967 |
Investments in consolidated subsidiaries |  |  | 1,509,977 |  |  |  | 562,755 |
Advances to consolidated subsidiaries |  |  | 58,773 |  |  |  | 9,434 |
Properties, net |  |  | 410 |  |  |  | 145 |
Deferred charges and other assets |  |  | 14,543 |  |  |  | 495 |
Total assets |  | $ | 1,795,060 |  |  | $ | 712,796 |
LIABILITIES AND EQUITY
Accounts payable |  | $ | 366 |  |  | $ | 1,450 |
Accrued and other current liabilities |  |  | 33,844 |  |  |  | 3,786 |
Total current liabilities |  |  | 34,210 |  |  |  | 5,236 |
Long-term debt |  |  | 497,168 |  |  |  | — |
Equity conversion feature of preferred stock |  |  | 75,350 |  |  |  | — |
Employee benefit obligations |  |  | 6,055 |  |  |  | 5,221 |
Deferred income taxes |  |  | 1,343 |  |  |  | — |
Other liabilities |  |  | 320 |  |  |  | 684 |
Total liabilities |  |  | 614,446 |  |  |  | 11,141 |
Temporary equity: |  |  |  |  |  |  |  |
Redeemable preferred stock |  |  | 292,437 |  |  |  | — |
Stockholders’ equity: |  |  |  |  |  |  |  |
Common stock |  |  | 1,393 |  |  |  | 1,392 |
Additional paid-in capital |  |  | 872,683 |  |  |  | 855,767 |
Accumulated deficit |  |  | (135,347 | ) |  |  | (150,309 | )
Accumulated other comprehensive income (loss) |  |  | 149,448 |  |  |  | (5,195 | )
Total stockholders’ equity |  |  | 888,177 |  |  |  | 701,655 |
Total liabilities and equity |  | $ | 1,795,060 |  |  | $ | 712,796 |
See accompanying Report of Independent Registered Public Accounting Firm. CONDENSED STATEMENTS OF OPERATIONS (In thousands)
|  |  |  |  | Period from |
|  |  |  |  | June 16, 2010(a) |
|  | Year Ended |  |  | through |
|  | September 30, |  |  | September 30, |
|  | 2011 |  |  | 2010 |
Revenues |  | $ | — |  |  | $ | — |
Cost of revenues |  |  | — |  |  |  | — |
Gross profit |  |  | — |  |  |  | — |
Operating expenses: |  |  |  |  |  |  |  |
General and administrative |  |  | 13,883 |  |  |  | 1,438 |
Acquisition related charges |  |  | 8,696 |  |  |  | 6,649 |
Total operating expenses |  |  | 22,579 |  |  |  | 8,087 |
Operating loss |  |  | (22,579 | ) |  |  | (8,087 | )
Other income (expense): |  |  |  |  |  |  |  |
Equity in net income (losses) of subsidiaries |  |  | 67,750 |  |  |  | (55,772 | )
Interest expense |  |  | (39,005 | ) |  |  | — |
Other, net |  |  | 28,633 |  |  |  | 195 |
Income (loss) before income taxes |  |  | 34,799 |  |  |  | (63,664 | )
Income tax expense |  |  | 4 |  |  |  | 6 |
Net income (loss) |  |  | 34,795 |  |  |  | (63,670 | )
Less: Preferred stock dividends and accretion |  |  | 19,833 |  |  |  | — |
Net income (loss) attributable to common and participating preferred stockholders |  | $ | 14,962 |  |  | $ | (63,670 | )
(a) |  | Date from which the registrant’s results of operations are included in the accompanying consolidated financial statements, as discussed further in Note 1 to the consolidated financial statements.
See accompanying Report of Independent Registered Public Accounting Firm. CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
|  |  |  |  | Period from |
|  |  |  |  | June 16, 2010 |
|  | Year Ended |  |  | through |
|  | September 30, |  |  | September 30, |
|  | 2011 |  |  | 2010 |
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 34,795 |  |  | $ | (63,670 | )
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |
Depreciation of properties |  |  | 91 |  |  |  | 19 |
Stock-based compensation |  |  | 116 |  |  |  | 34 |
Amortization of debt issuance costs |  |  | 1,770 |  |  |  | — |
Amortization of debt discount |  |  | 613 |  |  |  | — |
Deferred income taxes |  |  | 376 |  |  |  | 881 |
Equity in net (income) losses of subsidiaries |  |  | (67,750 | ) |  |  | 55,772 |
Dividend from subsidiary |  |  | 20,000 |  |  |  | — |
Income recognized on preferred stock conversion feature |  |  | (27,910 | ) |  |  | — |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  |  | 62 |  |  |  | (561 | )
Accounts payable and accrued and other current liabilities |  |  | 15,697 |  |  |  | 989 |
Other operating |  |  | 1,797 |  |  |  | 701 |
Net cash used in operating activities |  |  | (20,343 | ) |  |  | (5,835 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |
Proceeds from investments sold, matured or repaid |  |  | 101,006 |  |  |  | 30,094 |
Cost of investments acquired |  |  | (121,930 | ) |  |  | (3,989 | )
Capital contributions to consolidated subsidiaries |  |  | (727,162 | ) |  |  | — |
Advances to consolidated subsidiaries |  |  | (49,339 | ) |  |  | — |
Capital expenditures |  |  | (345 | ) |  |  | (58 | )
Net cash provided by (used in) investing activities |  |  | (797,770 | ) |  |  | 26,047 |
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from senior secured notes |  |  | 498,459 |  |  |  | — |
Proceeds from preferred stock issuance, net of issuance costs |  |  | 385,973 |  |  |  | — |
Debt issuance costs |  |  | (16,207 | ) |  |  | — |
Other financing activities |  |  | 416 |  |  |  |  |
Net cash provided by financing activities |  |  | 868,641 |  |  |  | — |
Net increase in cash and cash equivalents |  |  | 50,528 |  |  |  | 20,212 |
Cash and cash equivalents at beginning of period |  |  | 84,262 |  |  |  | 64,050 |
Cash and cash equivalents at end of period |  | $ | 134,790 |  |  | $ | 84,262 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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