XML 156 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Acquisitions (Tables) | 9 Months Ended
--- | ---
Jun. 30, 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 JV were completed on October 1, 2011 and the results of the HHI Business and the EXCO/HGI JV had been included in the full three and nine months ended June 30, 2013 and July 1, 2012.
| Three months ended |  | Nine months ended
| June 30, 2013 |  | July 1, 2012 |  | June 30, 2013 |  | July 1, 2012
Revenues: |  |  |  |  |  |  |
Reported revenues | $ | 1,410.6 |  |  | $ | 1,012.2 |  |  | $ | 4,044.8 |  |  | $ | 3,283.9 |
HHI adjustment | — |  |  | 253.0 |  |  | 191.8 |  |  | 716.9 |
EXCO/HGI JV adjustment | — |  |  | 32.1 |  |  | 53.7 |  |  | 114.8 |
Pro forma revenues | $ | 1,410.6 |  |  | $ | 1,297.3 |  |  | $ | 4,290.3 |  |  | $ | 4,115.6 |
Net income: |  |  |  |  |  |  |
Reported net income | $ | 118.7 |  |  | $ | (110.1 | ) |  | $ | 136.3 |  |  | $ | (64.8 | )
HHI adjustment | — |  |  | 26.7 |  |  | 4.9 |  |  | 49.6 |
EXCO/HGI JV adjustment | — |  |  | (5.5 | ) |  | (0.5 | ) |  | (5.2 | )
Pro forma net income | $ | 118.7 |  |  | $ | (88.9 | ) |  | $ | 140.7 |  |  | $ | (20.4 | )
Basic net income (loss) per common share attributable to controlling interest: |  |  |  |  |  |  |
Reported net income (loss) per common share | $ | 0.45 |  |  | $ | (1.07 | ) |  | $ | 0.54 |  |  | $ | (0.93 | )
HHI adjustment | — |  |  | 0.19 |  |  | 0.04 |  |  | 0.36 |
EXCO/HGI JV adjustment | — |  |  | (0.04 | ) |  | — |  |  | (0.04 | )
Pro forma net income (loss) per common share | $ | 0.45 |  |  | $ | (0.92 | ) |  | $ | 0.58 |  |  | $ | (0.61 | )
Diluted net income (loss) per common share attributable to controlling interest: |  |  |  |  |  |  |
Reported diluted net income (loss) per common share | $ | 0.25 |  |  | $ | (1.07 | ) |  | $ | 0.30 |  |  | $ | (0.93 | )
HHI adjustment | — |  |  | 0.19 |  |  | 0.02 |  |  | 0.36 |
EXCO/HGI JV adjustment | — |  |  | (0.04 | ) |  | — |  |  | (0.04 | )
Pro forma diluted net income (loss) per common share | $ | 0.25 |  |  | $ | (0.92 | ) |  | $ | 0.32 |  |  | $ | (0.61 | )
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 nine months ended June 30, 2013 and July 1, 2012:
| Three months ended |  | Nine months ended
| June 30, 2013 |  | July 1, 2012 |  | June 30, 2013 |  | July 1, 2012
SB/RH Merger |  |  |  |  |  |  |
Integration costs | $ | 0.7 |  |  | $ | 1.6 |  |  | $ | 2.6 |  |  | $ | 6.8 |
Employee termination charges | (0.1 | ) |  | 0.8 |  |  | 0.2 |  |  | 3.3 |
Legal and professional fees | (0.1 | ) |  | 0.6 |  |  | — |  |  | 1.5 |
| 0.5 |  |  | 3.0 |  |  | 2.8 |  |  | 11.6 |
HHI Business |  |  |  |  |  |  |
Legal and professional fees | 4.7 |  |  | — |  |  | 25.7 |  |  | — |
Integration costs | 1.6 |  |  | — |  |  | 5.3 |  |  | — |
Employee termination charges | — |  |  | — |  |  | 0.1 |  |  | — |
| 6.3 |  |  | — |  |  | 31.1 |  |  | — |
EXCO/HGI JV | 0.1 |  |  | — |  |  | 9.2 |  |  | — |
FURminator | 0.4 |  |  | 1.7 |  |  | 1.6 |  |  | 6.3 |
BlackFlag | 0.1 |  |  | 0.1 |  |  | 0.1 |  |  | 1.9 |
Shaser | 0.1 |  |  | — |  |  | 4.5 |  |  | — |
Other | 1.1 |  |  | 0.7 |  |  | 3.2 |  |  | 3.1 |
Total acquisition and integration related charges | $ | 8.6 |  |  | $ | 5.5 |  |  | $ | 52.5 |  |  | $ | 22.9 |
HHI Business [Member] |
Business Acquisition [Line Items] |
Schedule of Preliminary Purchase Price | The following table summarizes the preliminary consideration paid for the HHI Business:
Negotiated sales price, excluding TLM Taiwan |  | $ | 1,300.0 |
Working capital and other adjustments at December 17, 2012 close |  | (10.7 | )
Final working capital adjustment |  | (7.7 | )
Final purchase price, excluding TLM Taiwan |  | 1,281.6 |
Negotiated sales price, TLM Taiwan |  | 100.0 |
Working capital and other adjustments at April 8, 2013 close |  | (6.5 | )
Total HHI Business purchase price |  | $ | 1,375.1 |
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:
| HHI Business Preliminary Valuation |  | TLM Taiwan Preliminary Valuation |  |  |  | Preliminary Valuation
| December 30, 2012 |  | June 30, 2013 |  | Adjustments/reclassifications |  | June 30, 2013
Cash | $ | 17.4 |  |  | $ | 0.8 |  |  | $ | 5.8 |  |  | $ | 24.0 |
Accounts receivable | 104.6 |  |  | — |  |  | 4.4 |  |  | 109.0 |
Inventory | 207.2 |  |  | 1.1 |  |  | (2.4 | ) |  | 205.9 |
Prepaid expenses and other | 13.3 |  |  | 2.1 |  |  | (4.2 | ) |  | 11.2 |
Property, plant and equipment | 104.5 |  |  | 36.8 |  |  | (5.1 | ) |  | 136.2 |
Intangible assets | 470.0 |  |  | 17.1 |  |  | — |  |  | 487.1 |
Other long-term assets | 3.1 |  |  | 0.1 |  |  | — |  |  | 3.2 |
Total assets acquired | 920.1 |  |  | 58.0 |  |  | (1.5 | ) |  | 976.6 |
Accounts payable | 130.1 |  |  | — |  |  | 8.0 |  |  | 138.1 |
Deferred tax liability - current | 7.1 |  |  | — |  |  | — |  |  | 7.1 |
Accrued liabilities | 37.5 |  |  | 0.2 |  |  | 0.1 |  |  | 37.8 |
Deferred tax liability - long-term | 104.7 |  |  | 1.9 |  |  | 11.2 |  |  | 117.8 |
Other long-term liabilities | 11.2 |  |  | 8.1 |  |  | (2.2 | ) |  | 17.1 |
Total liabilities assumed | 290.6 |  |  | 10.2 |  |  | 17.1 |  |  | 317.9 |
Total identifiable net assets | 629.5 |  |  | 47.8 |  |  | (18.6 | ) |  | 658.7 |
Non-controlling interests | (2.2 | ) |  | — |  |  | (2.2 | ) |  | (4.4 | )
Goodwill | 662.1 |  |  | 45.6 |  |  | 13.1 |  |  | 720.8 |
Total net assets acquired | $ | 1,289.4 |  |  | $ | 93.4 |  |  | $ | (7.7 | ) |  | $ | 1,375.1 |
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 |  | June 30, 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 JV |  | HGI's Proportionate Interest |  | EXCO/HGI JV |  | 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 |
Gas Gathering and other assets | 32.7 |  |  | 24.5 |  |  | — |  |  | — |
Liabilities assumed: |  |  |  |  |  |  |
Accounts payable and other current liabilities | (10.8 | ) |  | (8.0 | ) |  | — |  |  | — |
Other liabilities | (24.8 | ) |  | (18.5 | ) |  | (7.5 | ) |  | (5.6 | )
Total purchase price | $ | 694.5 |  |  | $ | 517.6 |  |  | $ | 130.9 |  |  | $ | 97.5 |

X
- Definition Business Combination Preliminary Allocation Of Purchase Price Disclosure [Table Text Block] + References No definition available. + Details
Name: | hrg_BusinessCombinationPreliminaryAllocationOfPurchasePriceDisclosureTableTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of acquisition and integration related charges incurred. + References No definition available. + Details
Name: | hrg_SummaryOfAcquisitionAndIntegrationRelatedChargesIncurredTableTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration