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Acquisitions (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2013
Business Acquisition [Line Items] |
Company's Pro Forma Results | The following table reflects the Company’s pro forma results as if the Hardware Acquisition and the acquisition of the Company's interest in the EXCO/HGI Partnership was completed on October 1, 2011 and the results of the HHI Business and the EXCO/HGI Partnership had been included in the full three and six months ended March 31, 2013 and April 1, 2012.
| Three months ended |  | Six months ended
| March 31, 2013 |  | April 1, 2012 |  | March 31, 2013 |  | April 1, 2012
Revenues: |  |  |  |  |  |  |
Reported revenues | $ | 1,411.9 |  |  | $ | 1,105.7 |  |  | $ | 2,634.2 |  |  | $ | 2,271.7 |
HHI adjustment | — |  |  | 232.2 |  |  | 191.8 |  |  | 463.9 |
EXCO/HGI Partnership adjustment | 17.1 |  |  | 38.4 |  |  | 53.7 |  |  | 82.3 |
Pro forma revenues | $ | 1,429.0 |  |  | $ | 1,376.3 |  |  | $ | 2,879.7 |  |  | $ | 2,817.9 |
Net income: |  |  |  |  |  |  |
Reported net income | $ | (50.5 | ) |  | $ | (0.2 | ) |  | $ | 17.6 |  |  | $ | 45.3 |
HHI adjustment | — |  |  | 10.1 |  |  | 4.9 |  |  | 23.1 |
EXCO/HGI Partnership adjustment | (0.9 | ) |  | (2.9 | ) |  | (0.5 | ) |  | 0.4 |
Pro forma net income | $ | (51.4 | ) |  | $ | 7.0 |  |  | $ | 22.0 |  |  | $ | 68.8 |
Basic net income per common share attributable to controlling interest: |  |  |  |  |  |  |
Reported net loss per common share | $ | (0.33 | ) |  | $ | (0.03 | ) |  | $ | 0.08 |  |  | $ | 0.10 |
HHI adjustment | — |  |  | 0.07 |  |  | 0.04 |  |  | 0.17 |
EXCO/HGI Partnership adjustment | (0.01 | ) |  | (0.02 | ) |  | — |  |  | — |
Pro forma net income per common share | $ | (0.34 | ) |  | $ | 0.02 |  |  | $ | 0.12 |  |  | $ | 0.27 |
Diluted net income per common share attributable to controlling interest: |  |  |  |  |  |  |
Reported diluted net loss per common share | $ | (0.33 | ) |  | $ | (0.03 | ) |  | $ | 0.06 |  |  | $ | 0.10 |
HHI adjustment | — |  |  | 0.07 |  |  | 0.02 |  |  | 0.17 |
EXCO/HGI Partnership adjustment | (0.01 | ) |  | (0.02 | ) |  | — |  |  | — |
Pro forma diluted net income per common share | $ | (0.34 | ) |  | $ | 0.02 |  |  | $ | 0.08 |  |  | $ | 0.27 |
Summary of Acquisition and Integration Related Charges Incurred | The following table summarizes acquisition and integration related charges incurred by the Company for the three and six months ended March 31, 2013 and April 1, 2012:
| Three months ended |  | Six months ended
| March 31, 2013 |  | April 1, 2012 |  | March 31, 2013 |  | April 1, 2012
SB/RH Merger |  |  |  |  |  |  |
Integration costs | $ | 0.8 |  |  | $ | 2.8 |  |  | $ | 1.9 |  |  | $ | 5.2 |
Employee termination charges | 0.2 |  |  | 1.9 |  |  | 0.3 |  |  | 2.5 |
Legal and professional fees | — |  |  | 0.3 |  |  | 0.1 |  |  | 0.9 |
| 1.0 |  |  | 5.0 |  |  | 2.3 |  |  | 8.6 |
HHI Business |  |  |  |  |  |  |
Legal and professional fees | 6.5 |  |  | — |  |  | 21.0 |  |  | — |
Integration costs | 3.6 |  |  | — |  |  | 3.7 |  |  | — |
Employee termination charges | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
| 10.2 |  |  | — |  |  | 24.8 |  |  | — |
FGL | — |  |  | — |  |  | — |  |  | 0.1 |
EXCO/HGI Partnership | 4.1 |  |  | — |  |  | 9.1 |  |  | — |
FURminator | 0.6 |  |  | 2.1 |  |  | 1.2 |  |  | 4.6 |
BlackFlag | — |  |  | 0.5 |  |  | — |  |  | 1.8 |
Shaser | 0.2 |  |  | — |  |  | 4.4 |  |  | — |
Other | 0.6 |  |  | 0.8 |  |  | 2.1 |  |  | 2.4 |
Total acquisition and integration related charges | $ | 16.7 |  |  | $ | 8.4 |  |  | $ | 43.9 |  |  | $ | 17.5 |
HHI Business [Member] |
Business Acquisition [Line Items] |
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 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:
| Preliminary Valuation |  |  |  | Preliminary Valuation
| December 30, 2012 |  | Adjustments/reclassifications |  | March 31, 2013
Cash | $ | 17.4 |  |  | $ | 5.8 |  |  | $ | 23.2 |
Accounts receivable | 104.6 |  |  | 4.4 |  |  | 109.0 |
Inventory | 207.1 |  |  | (2.4 | ) |  | 204.7 |
Prepaid expenses and other | 13.3 |  |  | (4.1 | ) |  | 9.2 |
Property, plant and equipment | 104.5 |  |  | (5.2 | ) |  | 99.3 |
Intangible assets | 470.0 |  |  | — |  |  | 470.0 |
Other long-term assets | 3.1 |  |  | — |  |  | 3.1 |
Total assets acquired | 920.0 |  |  | (1.5 | ) |  | 918.5 |
Accounts payable | 130.1 |  |  | 8.0 |  |  | 138.1 |
Deferred tax liability - current | 7.1 |  |  | — |  |  | 7.1 |
Accrued liabilities | 37.5 |  |  | (0.6 | ) |  | 36.9 |
Deferred tax liability - long-term | 104.7 |  |  | 11.2 |  |  | 115.9 |
Other long-term liabilities | 11.2 |  |  | (2.2 | ) |  | 9.0 |
Total liabilities assumed | 290.6 |  |  | 16.4 |  |  | 307.0 |
Total identifiable net assets | 629.4 |  |  | (17.9 | ) |  | 611.5 |
Non-controlling interests | (2.2 | ) |  | (2.2 | ) |  | (4.4 | )
Goodwill | 662.2 |  |  | 20.1 |  |  | 682.3 |
Total net assets acquired | $ | 1,289.4 |  |  | $ | — |  |  | $ | 1,289.4 |
Shaser Biosciences, Inc. [Member] |
Business Acquisition [Line Items] |
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 adjustment |  | (0.4 | )
Preliminary purchase price |  | $ | 49.6 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:
| Preliminary Valuation |  |  |  | Preliminary Valuation
| December 30, 2012 |  | Adjustments/reclassifications |  | March 31, 2013
Cash | $ | 0.9 |  |  | $ | — |  |  | $ | 0.9 |
Intangible asset | 35.5 |  |  | (2.7 | ) |  | 32.8 |
Other assets | 2.7 |  |  | — |  |  | 2.7 |
Total assets acquired | 39.1 |  |  | (2.7 | ) |  | 36.4 |
Total liabilities assumed | 14.4 |  |  | (1.0 | ) |  | 13.4 |
Total identifiable net assets | 24.7 |  |  | (1.7 | ) |  | 23.0 |
Non-controlling interest | (39.0 | ) |  | — |  |  | (39.0 | )
Goodwill | 63.9 |  |  | 1.7 |  |  | 65.6 |
Total identifiable net assets | $ | 49.6 |  |  | $ | — |  |  | $ | 49.6 |
Cotton-Valley Oil and Gas Properties [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents a summary of the fair value of assets acquired and liabilities assumed as part of the acquisition:
| EXCO's Contributed Assets February 14, 2013 |  | BG Cotton Valley Assets March 5, 2013
| EXCO/HGI Partnership |  | HGI's Proportionate Interest |  | EXCO/HGI Partnership |  | HGI's Proportionate Interest
Assets acquired: |  |  |  |  |  |  |
Cash | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Oil and natural gas properties |  |  |  |  |  |  |
Unproved oil and natural gas properties | 65.1 |  |  | 48.5 |  |  | 7.2 |  |  | 5.4 |
Proved developed and undeveloped oil and natural gas properties | 632.2 |  |  | 471.0 |  |  | 131.2 |  |  | 97.7 |
Total oil and natural gas properties | 697.3 |  |  | 519.5 |  |  | 138.4 |  |  | 103.1 |
Other assets | 32.7 |  |  | 24.5 |  |  | — |  |  | — |
Liabilities assumed: |  |  |  |  |  |  |
Accounts payable and other current liabilities | (14.1 | ) |  | (10.5 | ) |  | — |  |  | — |
Other liabilities | (23.5 | ) |  | (17.5 | ) |  | (7.5 | ) |  | (5.6 | )
Total purchase price | $ | 692.5 |  |  | $ | 516.1 |  |  | $ | 130.9 |  |  | $ | 97.5 |

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