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Segment Data
9 Months Ended
Jul. 03, 2011
Segment Data [Abstract]  
Segment Data
(21) Segment Data
The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in two reporting segments: (i) consumer products through Spectrum Brands and (ii) insurance through FGL (see Note 1 for additional information).
Segment information for the periods presented is as follows:
                                 
    Three Months     Nine Months  
    2011     2010     2011     2010  
Segment revenues:
                               
Consumer products
  $ 804,635     $ 653,486     $ 2,359,586     $ 1,778,012  
Insurance
    229,655             229,655        
 
                       
Consolidated revenues
  $ 1,034,290     $ 653,486     $ 2,589,241     $ 1,778,012  
 
                       
 
                               
Segment operating income (loss):
                               
Consumer products
  $ 78,767     $ 59,634     $ 195,125     $ 124,164  
Insurance
    49,761             49,761        
 
                       
Total segments
    128,528       59,634       244,886       124,164  
Corporate expenses (A)
    (8,012 )     (546 )     (37,247 )     (546 )
 
                       
Consolidated operating income (loss)
    120,516       59,088       207,639       123,618  
Interest expense
    (51,904 )     (132,238 )     (192,650 )     (230,130 )
Bargain purchase gain from business acquisition
    134,668             134,668        
Other income (expense), net
    7,086       (1,312 )     7,049       (8,296 )
Reorganization items expense, net
                      (3,646 )
 
                       
Consolidated income (loss) from continuing operations before income taxes
  $ 210,366     $ (74,462 )   $ 156,706     $ (118,454 )
 
                       
                 
    July 3, 2011     September 30, 2010  
Segment total assets:
               
Consumer products
  $ 3,822,779     $ 3,873,604  
Insurance
    19,574,053        
 
           
Total segments
    23,396,832       3,873,604  
Corporate assets
    522,993       142,591  
 
           
Consolidated total assets at period end
  $ 23,919,825     $ 4,016,195  
 
           
 
(A)   Included in corporate expenses are $3,400 and $26,500 related to business acquisitions and $1,900 and $3,600 related to Front Street for the three and nine months ended July 3, 2011, respectively.