Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2020

Quarterly Financial Information Disclosure [Abstract]

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)