XML 68 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Acquisitions (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2014
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 Compass were completed on October 1, 2012 and the results of the HHI Business and Compass had been included in the full three and nine months ended June 30, 2013.
| June 30, 2013
| Three months ended |  | Nine months ended
Revenues: |  |  |
Reported revenues | $ | 1,409.2 |  |  | $ | 4,042.6 |
HHI adjustment | — |  |  | 191.8 |
Compass adjustment | — |  |  | 53.7 |
Pro forma revenues | $ | 1,409.2 |  |  | $ | 4,288.1 |
Net income: |  |  |
Reported net income | $ | 118.7 |  |  | $ | 136.3 |
HHI adjustment | — |  |  | 4.9 |
Compass adjustment | — |  |  | (0.5 | )
Pro forma net income | $ | 118.7 |  |  | $ | 140.7 |
Basic net income per common share attributable to controlling interest: |  |  |
Reported net income per common share | $ | 0.45 |  |  | $ | 0.54 |
HHI adjustment | — |  |  | 0.04 |
Compass adjustment | — |  |  | — |
Pro forma net income per common share | $ | 0.45 |  |  | $ | 0.58 |
Diluted net income per common share attributable to controlling interest: |  |  |
Reported diluted net income per common share | $ | 0.25 |  |  | $ | 0.30 |
HHI adjustment | — |  |  | 0.02 |
Compass adjustment | — |  |  | — |
Pro forma diluted net income per common share | $ | 0.25 |  |  | $ | 0.32 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table summarizes the consideration paid for FOH by the Company:
|  | May 30, 2014
Fair value of previously held equity interest (Series B preferred stock) |  | $ | 12.0 |
Series A preferred stock purchase |  | 1.5 |
Preliminary purchase price |  | $ | 13.5 |
The preliminary fair values recorded for the assets acquired and liabilities assumed for Liquid Fence are as follows:
|  | Preliminary Valuation
|  | January 2, 2014
Cash |  | $ | — |
Accounts receivable |  | 1.2 |
Inventories |  | 2.2 |
Property, plant and equipment, net |  | 0.1 |
Intangible assets |  | 26.9 |
Total assets acquired |  | 30.4 |
Total liabilities assumed |  | 1.6 |
Total identifiable net assets less goodwill |  | 28.8 |
Goodwill |  | 7.0 |
Total identifiable net assets |  | $ | 35.8 |
The following table summarizes the consideration paid by Spectrum Brands for Liquid Fence:
|  | January 2, 2014
Cash paid to seller at close |  | $ | 24.8 |
Promissory note due to seller |  | 9.5 |
Contingent liability |  | 1.5 |
Preliminary purchase price |  | $ | 35.8 |

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 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 Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: 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=25497992&loc=d3e1486-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration