Acquisitions (Tables)

3 Months Ended

Dec. 30, 2012

The following table reflects the Company’s pro forma results as if the Hardware Acquisition was completed on October 1, 2011 and the results of the HHI Business had been included in the full three months ended December 30, 2012 and January 1, 2012.


	Three Months Ended
	December 30, 2012		January 1, 2012
Revenues:
Reported revenues	$	1,222.3	$	1,166.0
HHI adjustment		187.2		226.4

Pro forma revenues	$	1,409.5	$	1,392.4

Net income:
Reported net income	$	68.1	$	45.5
HHI adjustment		2.1		10.2

Pro forma net income	$	70.2	$	55.7

Basic net income per common share attributable to controlling interest:
Reported net loss per common share	$	0.31	$	0.12
HHI adjustment		0.02		0.07

Pro forma net income per common share	$	0.33	$	0.19

Diluted net income per common share attributable to controlling interest:
Reported diluted net loss per common share	$	0.03	$	0.06
HHI adjustment		0.01		0.05

Pro forma diluted net income per common share	$	0.04	$	0.11

Summary of Acquisition and Integration Related Charges Incurred

The following table summarizes acquisition and integration related charges incurred by the Company for the three months ended December 30, 2012 and January 1, 2012:


	Three Months Ended
	December 30, 2012		January 1, 2012
SB/RH Merger
Integration costs	$	1.1	$	2.4
Employee termination charges		0.1		0.6
Legal and professional fees		0.1		0.6

		1.3		3.6
HHI Business
Legal and professional fees		14.5		—
Integration costs		0.1		—

		14.6		—
FGL		—		0.1
EXCO/HGI Partnership		5.0		—
FURminator		0.6		2.5
BlackFlag		—		1.3
Shaser		4.2		—
Other		1.5		1.6

Total acquisition and integration related charges	$	27.2	$	9.1

HHI Business [Member]

Schedule of Preliminary Purchase Price

The following table summarizes the preliminary consideration paid for the HHI Business:


	December 17, 2012
Negotiated sales price, excluding TLM Taiwan	$	1,300.0
Preliminary working capital and other adjustments		(10.6	)

Preliminary purchase price	$	1,289.4

Summary of Amounts Recorded in Connection with Acquisition of Business

The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business is as follows:


	December 17, 2012
Cash	$	17.4
Current assets		325.1
Property, plant and equipment		104.5
Intangible assets		470.0
Other assets		3.1

Total assets acquired		920.1
Current liabilities		174.8
Long-term liabilities		115.9

Total liabilities assumed		290.7

Total identifiable net assets		629.4
Non-controlling interests		(2.2	)
Goodwill		662.2

Total net assets acquired	$	1,289.4

Shaser Biosciences, Inc. [Member]

Schedule of Preliminary Purchase Price

The following table summarizes the preliminary consideration paid for Shaser:


	November 8, 2012
Negotiated sales price	$	50.0
Preliminary working capital		(0.4	)

Preliminary purchase price	$	49.6

Summary of Amounts Recorded in Connection with Acquisition of Business

The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:


	November 8, 2012
Cash	$	0.9
Intangible asset		35.5
Other assets		2.6

Total assets acquired		39.0
Total liabilities assumed		14.3

Total identifiable net assets		24.7
Non-controlling interest		(39.0	)
Goodwill		63.9

Total identifiable net assets	$	49.6

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph F4

-Subparagraph e

-Appendix F

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-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.

+ Details