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Quarterly Results (Unaudited) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS (UNAUDITED) | QUARTERLY RESULTS (UNAUDITED) Spectrum Brands Holdings, Inc.
|  | Quarter Ended
SBH 2020 (in millions, except per share) |  | September 30, 2020 |  | June 28, 2020 |  | March 29, 2020 |  | December 29, 2019
Revenue |  | $ | 1,170.6 |  |  | $ | 984.3 |  |  | $ | 937.8 |  |  | $ | 871.5 |
Gross profit |  | 423.0 |  |  | 348.9 |  |  | 328.9 |  |  | 269.1 |
Net income (loss) attributable to controlling interest from continuing operations |  | 43.7 |  |  | 137.1 |  |  | (58.4) |  |  | (38.6) |
Net income attributable to controlling interest from discontinued operations |  | 1.7 |  |  | 8.0 |  |  | 1.4 |  |  | 2.8 |
Net income (loss) attributable to controlling interest |  | $ | 45.4 |  |  | $ | 145.1 |  |  | $ | (57.0) |  |  | $ | (35.8) |
Basic earnings per share from continuing operations |  | $ | 1.01 |  |  | $ | 3.19 |  |  | $ | (1.29) |  |  | $ | (0.81) |
Basic earnings per share from discontinued operations |  | 0.04 |  |  | 0.18 |  |  | 0.03 |  |  | 0.06 |
Basic earnings per share |  | $ | 1.05 |  |  | $ | 3.37 |  |  | $ | (1.26) |  |  | $ | (0.75) |
Diluted earnings per share from continuing operations |  | $ | 1.01 |  |  | $ | 3.18 |  |  | $ | (1.29) |  |  | $ | (0.81) |
Diluted earnings per share from discontinued operations |  | 0.04 |  |  | 0.18 |  |  | 0.03 |  |  | 0.06 |
Diluted earnings per share |  | $ | 1.05 |  |  | $ | 3.36 |  |  | $ | (1.26) |  |  | $ | (0.75) |
|  | Quarter Ended
SBH 2019 (in millions, except per share) |  | September 30, 2019 |  | June 30, 2019 |  | March 31, 2019 |  | December 30, 2018
Revenue |  | $ | 993.0 |  |  | $ | 1,022.2 |  |  | $ | 906.7 |  |  | $ | 880.3 |
Gross profit |  | 334.7 |  |  | 361.0 |  |  | 305.5 |  |  | 305.7 |
Net loss attributable to controlling interest from continuing operations |  | (79.0) |  |  | (24.7) |  |  | (55.0) |  |  | (29.3) |
Net (loss) income attributable to controlling interest from discontinued operations |  | (16.7) |  |  | (1.2) |  |  | 783.6 |  |  | (83.2) |
Net (loss) income attributable to controlling interest |  | $ | (95.7) |  |  | $ | (25.9) |  |  | $ | 728.6 |  |  | $ | (112.5) |
Basic earnings per share from continuing operations |  | $ | (1.62) |  |  | $ | (0.51) |  |  | $ | (1.06) |  |  | $ | (0.56) |
Basic earnings per share from discontinued operations |  | (0.35) |  |  | (0.02) |  |  | 15.13 |  |  | (1.55) |
Basic earnings per share |  | $ | (1.97) |  |  | $ | (0.53) |  |  | $ | 14.07 |  |  | $ | (2.11) |
Diluted earnings per share from continuing operations |  | $ | (1.62) |  |  | $ | (0.51) |  |  | $ | (1.06) |  |  | $ | (0.56) |
Diluted earnings per share from discontinued operations |  | (0.35) |  |  | (0.02) |  |  | 15.13 |  |  | (1.55) |
Diluted earnings per share |  | $ | (1.97) |  |  | $ | (0.53) |  |  | $ | 14.07 |  |  | $ | (2.11) |
SB/RH Holdings, LLC
|  | Quarter Ended
SB/RH 2020 (in millions) |  | September 30, 2020 |  | June 28, 2020 |  | March 29, 2020 |  | December 29, 2019
Revenue |  | $ | 1,170.6 |  |  | $ | 984.3 |  |  | $ | 937.8 |  |  | $ | 871.5 |
Gross profit |  | 423.0 |  |  | 348.9 |  |  | 328.9 |  |  | 269.1 |
Net income (loss) attributable to controlling interest from continuing operations |  | 40.6 |  |  | 80.8 |  |  | (55.8) |  |  | (37.7) |
Net income attributable to controlling interest from discontinued operations |  | 1.7 |  |  | 8.0 |  |  | 1.4 |  |  | 2.8 |
Net income (loss) attributable to controlling interest |  | $ | 42.3 |  |  | $ | 88.8 |  |  | $ | (54.4) |  |  | $ | (34.9) |
|  | Quarter Ended
SB/RH 2019 (in millions) |  | September 30, 2019 |  | June 30, 2019 |  | March 31, 2019 |  | December 30, 2018
Revenue |  | $ | 993.0 |  |  | $ | 1,022.2 |  |  | $ | 906.7 |  |  | $ | 880.3 |
Gross profit |  | 334.7 |  |  | 361.0 |  |  | 305.5 |  |  | 305.7 |
Net loss attributable to controlling interest from continuing operations |  | (79.7) |  |  | (28.9) |  |  | (13.4) |  |  | (19.2) |
Net (loss) income attributable to controlling interest from discontinued operations |  | (16.7) |  |  | (1.2) |  |  | 783.6 |  |  | (83.2) |
Net (loss) income attributable to controlling interest |  | $ | (96.4) |  |  | $ | (30.1) |  |  | $ | 770.2 |  |  | $ | (102.4) |
During the fiscal third quarter of the year ended September 30, 2020, the Company identified an out of period error in Income from Discontinued Operations, net of tax, of $22.6 million as part of the return-to-provision adjustments. The Company has concluded that the misstatements are not material to the consolidated financial statements. The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the three month period and year ended September 30, 2019 within this filing to reflect the corrected numbers. Refer Note 2 – Significant Accounting Policies and Practices for more information. The following summarizes the impact to the net income on the Company’s consolidated financial statements for the three month period ended September 30, 2019:
|  | Three Month Period Ended September 30, 2019
SBH (in millions, except per share) |  | As reported |  | Adjustment |  | As Adjusted
Net loss attributable to controlling interest from discontinued operations |  | $ | (39.3) |  |  | $ | 22.6 |  |  | $ | (16.7) |
Net loss attributable to controlling interest |  | (118.3) |  |  | 22.6 |  |  | (95.7) |
Basic earnings per share from discontinued operations |  | (0.81) |  |  | 0.46 |  |  | (0.35) |
Basic earnings per share |  | (2.43) |  |  | 0.46 |  |  | (1.97) |
Diluted earnings per share from discontinued operations |  | (0.81) |  |  | 0.46 |  |  | (0.35) |
Diluted earnings per share |  | (2.43) |  |  | 0.46 |  |  | (1.97) |
|  | Three Month Period Ended September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Net (loss) income attributable to controlling interest from discontinued operations |  | $ | (39.3) |  |  | $ | 22.6 |  |  | $ | (16.7) |
Net (loss) income attributable to controlling interest |  | (119.0) |  |  | 22.6 |  |  | (96.4) |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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