XML 46 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Goodwill and Intangibles, including DAC and VOBA (Tables) | 3 Months Ended
--- | ---
Dec. 30, 2012
Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances | A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s DAC and VOBA balances, are as follows:
|  |  |  |  | Intangible Assets |
|  | Goodwill |  |  | Indefinite Lived |  |  | Definite Lived |  |  | VOBA |  |  | DAC |  |  | Total |
Balance at Balance at September 30, 2012 |  | $ | 694.2 |  |  | $ | 841.1 |  |  | $ | 873.9 |  |  | $ | 104.3 |  |  | $ | 169.2 |  |  | $ | 1,988.5 |
Acquisitions (Note 13) |  |  | 726.1 |  |  |  | 330.0 |  |  |  | 175.5 |  |  |  | — |  |  |  | — |  |  |  | 505.5 |
Deferrals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 35.7 |  |  |  | 35.7 |
Less: Components of amortization - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Periodic amortization |  |  | — |  |  |  | — |  |  |  | (17.1 | ) |  |  | (73.5 | ) |  |  | (15.0 | ) |  |  | (105.6 | )
Interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5.3 |  |  |  | 2.3 |  |  |  | 7.6 |
Unlocking |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9.3 |  |  |  | 2.1 |  |  |  | 11.4 |
Reclassifications |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Adjustment for unrealized investment (gains), net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 31.2 |  |  |  | (3.2 | ) |  |  | 28.0 |
Effect of translation |  |  | 1.0 |  |  |  | 2.8 |  |  |  | 1.8 |  |  |  | — |  |  |  | — |  |  |  | 4.6 |
Balance at Balance at December 30, 2012 |  | $ | 1,421.3 |  |  | $ | 1,173.9 |  |  | $ | 1,034.1 |  |  | $ | 76.6 |  |  | $ | 191.1 |  |  | $ | 2,475.7 |
Summary of Definite Lived Intangible Assets | Definite lived intangible assets are summarized as follows:
|  | December 30, 2012 |  |  | September 30, 2012 |  |  |  |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |  |  | Cost |  |  | Accumulated Amortization |  |  | Net |  |  | Amortizable Life |
Customer relationships |  | $ | 875.5 |  |  | $ | 127.0 |  |  | $ | 748.5 |  |  | $ | 796.2 |  |  | $ | 113.0 |  |  | $ | 683.2 |  |  |  | 15 to 20 years |
Trade names |  |  | 165.9 |  |  |  | 31.9 |  |  |  | 134.0 |  |  |  | 150.8 |  |  |  | 28.3 |  |  |  | 122.5 |  |  |  | 1 to 12 years |
Technology assets |  |  | 177.4 |  |  |  | 25.8 |  |  |  | 151.6 |  |  |  | 91.0 |  |  |  | 22.8 |  |  |  | 68.2 |  |  |  | 4 to 17 years |
|  | $ | 1,218.8 |  |  | $ | 184.7 |  |  | $ | 1,034.1 |  |  | $ | 1,038.0 |  |  | $ | 164.1 |  |  | $ | 873.9 |  |  |  |  |
Summary of Amortization Expense of Definite Lived Intangible Assets | Amortization expense for definite lived intangible assets is as follows:
|  | Three Months Ended |
|  | December 30, 2012 |  |  | January 1, 2012 |
Customer relationships |  | $ | 10.4 |  |  | $ | 9.6 |
Trade names |  |  | 3.6 |  |  |  | 3.1 |
Technology assets |  |  | 3.1 |  |  |  | 1.9 |
|  | $ | 17.1 |  |  | $ | 14.6 |
Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods | The weighted average amortization period for VOBA and DAC are approximately 5.3 and 6.1 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
|  | Estimated Amortization Expense |
Fiscal Year |  | VOBA |  |  | DAC |
2013 |  | $ | 28.6 |  |  | $ | 15.4 |
2014 |  |  | 53.9 |  |  |  | 26.7 |
2015 |  |  | 48.3 |  |  |  | 27.2 |
2016 |  |  | 43.7 |  |  |  | 25.9 |
2017 |  |  | 36.4 |  |  |  | 24.3 |
Thereafter |  |  | 174.1 |  |  |  | 125.5 |

X
- Definition Amortization expense. + References No definition available. + Details
Name: | hrg_AmortizationExpenseTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References No definition available. + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration