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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results |
|  | 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) |
Schedule of Error Corrections and Prior Period Adjustments | The Company has updated the Consolidated Statement of Financial Position and Consolidated Statements of Income as of and for the year ended September 30, 2019 within this filing to reflect the corrected numbers as follows:
|  | September 30, 2019
SBH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Deferred charges and other |  | $ | 51.7 |  |  | $ | 15.5 |  |  | $ | 67.2 |
Total assets |  | 5,230.5 |  |  | 15.5 |  |  | 5,246.0 |
Other current liabilities |  | 216.0 |  |  | (1.8) |  |  | 214.2 |
Current liabilities |  | 1,141.9 |  |  | (1.8) |  |  | 1,140.1 |
Deferred income taxes |  | 55.9 |  |  | (5.3) |  |  | 50.6 |
Total liabilities |  | 3,524.2 |  |  | (7.1) |  |  | 3,517.1 |
Accumulated earnings |  | 201.2 |  |  | 22.6 |  |  | 223.8 |
Total shareholders' equity |  | 1,698.3 |  |  | 22.6 |  |  | 1,720.9 |
Total equity |  | 1,706.3 |  |  | 22.6 |  |  | 1,728.9 |
Total liabilities and equity |  | 5,230.5 |  |  | 15.5 |  |  | 5,246.0 |
|  | September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Income tax payable |  | $ | 240.5 |  |  | $ | (1.8) |  |  | $ | 238.7 |
Current liabilities |  | 1,356.0 |  |  | (1.8) |  |  | 1,354.2 |
Deferred income taxes |  | 272.2 |  |  | (20.8) |  |  | 251.4 |
Total liabilities |  | 3,879.1 |  |  | (22.6) |  |  | 3,856.5 |
Accumulated deficit |  | (437.3) |  |  | 22.6 |  |  | (414.7) |
Total shareholder's equity |  | 1,402.5 |  |  | 22.6 |  |  | 1,425.1 |
Total equity |  | 1,412.1 |  |  | 22.6 |  |  | 1,434.7 |
|  | September 30, 2019
SBH (in millions, except per share) |  | As reported |  | Adjustment |  | As Adjusted
Income from discontinued operations, net of tax |  | $ | 659.9 |  |  | $ | 22.6 |  |  | $ | 682.5 |
Net income |  | 473.2 |  |  | 22.6 |  |  | 495.8 |
Net income from discontinued operations attributable to controlling interest |  | 659.9 |  |  | 22.6 |  |  | 682.5 |
Net income attributable to controlling interest |  | 471.9 |  |  | 22.6 |  |  | 494.5 |
Basic earnings per share from discontinued operations |  | 13.02 |  |  | 0.45 |  |  | 13.47 |
Basic earnings per share |  | 9.31 |  |  | 0.45 |  |  | 9.76 |
Diluted earnings per share from discontinued operations |  | 13.02 |  |  | 0.45 |  |  | 13.47 |
Diluted earnings per share |  | 9.31 |  |  | 0.45 |  |  | 9.76 |
|  | September 30, 2019
SB/RH (in millions) |  | As reported |  | Adjustment |  | As Adjusted
Income from discontinued operations, net of tax |  | $ | 659.9 |  |  | $ | 22.6 |  |  | $ | 682.5 |
Net income |  | 520.0 |  |  | 22.6 |  |  | 542.6 |
Net income from discontinued operations attributable to controlling interest |  | 659.9 |  |  | 22.6 |  |  | 682.5 |
Net income attributable to controlling interest |  | 518.7 |  |  | 22.6 |  |  | 541.3 |
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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