XML 19 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Data
 3 Months Ended
Jan. 01, 2012
Segment Data [Abstract]  
Segment Data

(18) 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:

 

      000,000,000       000,000,000  
    Three Month Periods Ended  
    January 1, 2012     January 2, 2011  

Revenues:

                

Consumer products

   $ 848,771     $            861,066  

Insurance

     317,278       —    
   

 

 

    

 

 

  

Consolidated revenues

   $          1,166,049     $ 861,066  
   

 

 

    

 

 

  
     

Operating income (loss):

                

Consumer products

   $ 83,696     $ 69,269  

Insurance

     36,524       —    
   

 

 

    

 

 

  

Total segments

     120,220       69,269  

Corporate expenses (a)

     (8,389 )      (4,575 ) 
   

 

 

    

 

 

  

Consolidated operating income

     111,831       64,694  

Interest expense

     (55,905 )      (58,056 ) 

Other income (expense), net

     29,145       (653 ) 
   

 

 

    

 

 

  

Consolidated income from continuing operations before income taxes

   $ 85,071     $ 5,985  
   

 

 

    

 

 

  

 

      000,000,000       000,000,000  
    January 1, 2012     September 30, 2011  

Total assets:

                

Consumer products

   $ 3,777,864     $ 3,626,706  

Insurance

     19,628,137       19,336,627  
   

 

 

    

 

 

  

Total segments

     23,406,001       22,963,333  

Corporate assets

     605,080       616,221  
   

 

 

    

 

 

  

Consolidated total assets

   $        24,011,081     $     23,579,554  
   

 

 

    

 

 

  

 

(a)

Included in corporate expenses for the three months ended January 1, 2012 are $1,125 for start-up costs relating to Front Street and Salus Capital Partners, LLC and $2,000 relating to acquisitions and other projects. For the three months ended January 2, 2011, there are $800 for start-up costs related to Front Street and $1,600 for acquisitions and other projects included in corporate expenses.