XML 30 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring and Related Charges | 6 Months Ended
--- | ---
Apr. 01, 2012
Restructuring and Related Charges [Abstract] |
Restructuring and Related Charges | (15) Restructuring and Related Charges The Company reports restructuring and related charges associated with manufacturing and related initiatives of Spectrum Brands in “Cost of goods sold.” Restructuring and related charges reflected in “Cost of goods sold” include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented. The Company reports restructuring and related charges relating to administrative functions of Spectrum Brands in “Selling, general and administrative expenses,” such as initiatives impacting sales, marketing, distribution, or other non-manufacturing related functions. Restructuring and related charges reflected in “Selling, general and administrative expenses” include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives. In 2009, Spectrum Brands implemented a series of initiatives to reduce operating costs and to evaluate opportunities to improve its capital structure (the “Global Cost Reduction Initiatives”). The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three and six month periods ended April 1, 2012 and April 3, 2011 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
|  | Three Months |  |  | Six Months |  |  | Charges Since Inception |  |  | Expected Future Charges |  |  | Total Projected Costs |  |  | Expected Completion Date |
Initiatives: |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  |  |  |  |  |  |  |  |  |  |  |
Global Cost Reduction |  | $ | 4,173 |  |  | $ | 4,378 |  |  | $ | 11,302 |  |  | $ | 8,107 |  |  | $ | 75,630 |  |  | $ | 7,970 |  |  | $ | 83,600 |  |  |  | January 31, 2015 |
Other |  |  | 96 |  |  |  | 769 |  |  |  | 692 |  |  |  | 2,605 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | 4,269 |  |  | $ | 5,147 |  |  | $ | 11,994 |  |  | $ | 10,712 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classification: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  | $ | 1,660 |  |  | $ | 2,053 |  |  | $ | 6,265 |  |  | $ | 2,647 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  |  | 2,609 |  |  |  | 3,094 |  |  |  | 5,729 |  |  |  | 8,065 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | $ | 4,269 |  |  | $ | 5,147 |  |  | $ | 11,994 |  |  | $ | 10,712 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the six month period ended April 1, 2012:
|  | Accrual Balance at September 30, 2011 |  |  | Provisions |  |  | Cash Expenditures |  |  | Non-Cash Items |  |  | Accrual Balance at April 1, 2012 |  |  | Expensed as Incurred (a) |
Global Cost Reduction Initiatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Termination benefits |  | $ | 8,795 |  |  | $ | 269 |  |  | $ | (5,733 | ) |  | $ | 182 |  |  | $ | 3,513 |  |  | $ | 3,518 |
Other costs |  |  | 3,021 |  |  |  | 201 |  |  |  | (767 | ) |  |  | (454 | ) |  |  | 2,001 |  |  |  | 7,314 |
|  |  | 11,816 |  |  |  | 470 |  |  |  | (6,500 | ) |  |  | (272 | ) |  |  | 5,514 |  |  |  | 10,832 |
Other initiatives |  |  | 4,371 |  |  |  | (32 | ) |  |  | (1,588 | ) |  |  | 60 |  |  |  | 2,811 |  |  |  | 724 |
|  | $ | 16,187 |  |  | $ | 438 |  |  | $ | (8,088 | ) |  | $ | (212 | ) |  | $ | 8,325 |  |  | $ | 11,556 |
(a) | Consists of amounts not impacting the accrual for restructuring and related charges.

X
- Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration