XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Shareholders' Equity | 12 Months Ended
--- | ---
Sep. 30, 2017
Equity [Abstract] |
Permanent Equity | Comprehensive Income The cumulative amounts of the components of accumulated other comprehensive income reflected in the accompanying Consolidated Statements of Shareholders’ Equity, as of September 30, 2017, 2016 and 2015, were as follows:
|  | Unrealized Investment Gains, net |  | Non-credit Related Other-than- temporary Impairments |  | Other Unrealized Gains (Losses) — Cash Flow Hedges |  | Actuarial Adjustments to Pension Plans |  | Cumulative Translation Adjustments |  | Total
Cumulative components at September 30, 2017: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts (after reclassification adjustments) |  | $ | 1,134.9 |  |  | $ | (2.4 | ) |  | $ | (35.4 | ) |  | $ | (58.7 | ) |  | $ | (135.1 | ) |  | $ | 903.3 |
Intangible assets adjustments |  | (298.9 | ) |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | (298.5 | )
Tax effects |  | (291.6 | ) |  | 0.2 |  |  | 9.5 |  |  | 3.6 |  |  | 3.5 |  |  | (274.8 | )
Noncontrolling interest |  | (106.5 | ) |  | — |  |  | 10.1 |  |  | 21.5 |  |  | 53.9 |  |  | (21.0 | )
|  | $ | 437.9 |  |  | $ | (1.8 | ) |  | $ | (15.8 | ) |  | $ | (33.6 | ) |  | $ | (77.7 | ) |  | $ | 309.0 |
Cumulative components at September 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts (after reclassification adjustments) |  | $ | 940.5 |  |  | $ | (2.4 | ) |  | $ | 7.0 |  |  | $ | (87.7 | ) |  | $ | (164.2 | ) |  | $ | 693.2 |
Intangible assets adjustments |  | (258.6 | ) |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | (258.2 | )
Tax effects |  | (237.1 | ) |  | 0.2 |  |  | (3.8 | ) |  | 12.1 |  |  | 3.5 |  |  | (225.1 | )
Noncontrolling interest |  | (86.0 | ) |  | — |  |  | (1.7 | ) |  | 30.4 |  |  | 68.3 |  |  | 11.0 |
|  | $ | 358.8 |  |  | $ | (1.8 | ) |  | $ | 1.5 |  |  | $ | (45.2 | ) |  | $ | (92.4 | ) |  | $ | 220.9 |
Cumulative components at September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Gross amounts (after reclassification adjustments) |  | $ | 147.2 |  |  | $ | (1.0 | ) |  | $ | (3.0 | ) |  | $ | (48.4 | ) |  | $ | (155.7 | ) |  | $ | (60.9 | )
Intangible assets adjustments |  | (0.3 | ) |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.1 |
Tax effects |  | (51.4 | ) |  | 0.2 |  |  | (0.9 | ) |  | 1.3 |  |  | 3.5 |  |  | (47.3 | )
Noncontrolling interest |  | (17.4 | ) |  | — |  |  | 1.3 |  |  | 18.6 |  |  | 64.9 |  |  | 67.4 |
|  | $ | 78.1 |  |  | $ | (0.4 | ) |  | $ | (2.6 | ) |  | $ | (28.5 | ) |  | $ | (87.3 | ) |  | $ | (40.7 | )
Restricted Net Assets of Subsidiaries The Company considered the guidance in the Securities and Exchange Commission’s Regulation S-X related to restricted net assets of subsidiaries. In accordance with Rule 4-08(e) of Regulation S-X, the Company has determined that certain net assets of its subsidiaries are considered restricted under this guidance and exceed 25 percent of HRG’s consolidated net assets. HRG’s interest in net assets of its subsidiaries that were considered to be restricted at September 30, 2017 was $2,273.9 and consisted of net assets of FS Holdco II Ltd. (inclusive of businesses classified as held for sale) and Spectrum Brands, less noncontrolling interest, which were restricted as to transfer to HRG in the form of cash dividends, loans or advances under regulatory or debt covenant restrictions. Stock Repurchase Program On May 8, 2014, our board of directors authorized us to enter into a repurchase program, which replaced our prior share repurchase program. This share repurchase program authorized us to repurchase up to $100.0 of shares of our common stock, subject to certain restrictions and provisions. This program does not have an expiration date. We may from time to time, and at any time, elect to increase the amount of shares authorized under our repurchase program, authorize a new repurchase program or repurchase shares of our Common Stock in privately negotiated transactions or we may determine to terminate, suspend, discontinue, modify and/or reinstate one or more of such programs. A summary of the stock repurchase activity under a $100.0 stock repurchase program authorized by HRG’s Board of Directors in Fiscal 2017, 2016 and 2015 is summarized as follows (share amounts in thousands):
|  | Shares repurchased |  | Weighted-Average Price per Share |  | Amount Repurchased
Cumulative balance through September 30, 2017 (a) |  | 6,900 |  |  | $ | 12.71 |  |  | $ | 87.7 |
Cumulative balance through September 30, 2016 (a) |  | 6,900 |  |  | $ | 12.71 |  |  | $ | 87.7 |
Cumulative balance through September 30, 2015 (a) |  | 6,900 |  |  | $ | 12.71 |  |  | $ | 87.7 |
(a) Represents cumulative stock purchases under the $100.0 stock repurchase program since the program’s adoption in May 2014. The purchase price for the shares of the Company’s stock repurchased is reflected as a reduction to shareholders’ equity. Upon repurchase, the Company retires the stock and records the excess of the cost of the treasury stock over its par value entirely to additional paid-in capital.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration