10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                 to                

Commission File Number 001-34757

Spectrum Brands, Inc.

(Exact name of registrant as specified in its charter)

Delaware	22-2423556
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
601 Rayovac Drive Madison, Wisconsin	53711
(Address of principal executive offices)	(Zip Code)

(608) 275-3340

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¬	Accelerated filer	¬
Non-accelerated filer	x	Smaller reporting company	¬

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes  ý    No  ¨

SPECTRUM BRANDS, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR QUARTER ENDED March 31, 2013

INDEX

		Page
	Part I—Financial Information
Item 1.	Financial Statements	3
	Condensed Consolidated Statements of Financial Position (Unaudited) as of March 31, 2013 and September  30, 2012	3
	Condensed Consolidated Statements of Operations (Unaudited) for the three and six month periods ended March 31, 2013 and April 1, 2012	4
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the three and six month periods ended March 31, 2013 and April 1, 2012	5
	Condensed Consolidated Statements of Cash Flows (Unaudited) for the six month periods ended March 31, 2013 and April 1, 2012	6
	Notes to Condensed Consolidated Financial Statements (Unaudited)	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	44
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	56
Item 4.	Controls and Procedures	57
	Part II—Other Information
Item 1.	Legal Proceedings	58
Item 1A.	Risk Factors	58
Item 6.	Exhibits	59
Signatures		60

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

SPECTRUM BRANDS, INC.

Condensed Consolidated Statements of Financial Position

March 31, 2013 and September 30, 2012

(Unaudited)

(Amounts in thousands)

	March 31, 2013			September 30, 2012
Assets
Current assets:
Cash and cash equivalents	$	77,388		$	157,872
Receivables:
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	479,999			335,301
Other	52,463			40,067
Inventories	705,409			452,633
Deferred income taxes	23,052			28,143
Prepaid expenses and other	159,964			49,273
Total current assets	1,498,275			1,063,289
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	316,312			214,017
Deferred charges and other	29,324			27,711
Goodwill	1,433,967			694,245
Intangible assets, net	2,170,652			1,714,929
Debt issuance costs	74,761			39,320
Total assets	$	5,523,291		$	3,753,511
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	29,451		$	16,414
Accounts payable	389,589			325,023
Accrued liabilities:
Wages and benefits	58,466			82,119
Income taxes payable	27,896			30,272
Accrued interest	61,485			30,473
Other	133,994			124,597
Total current liabilities	700,881			608,898
Long-term debt, net of current maturities	3,229,424			1,652,886
Employee benefit obligations, net of current portion	99,588			89,994
Deferred income taxes	509,019			377,465
Other	32,390			31,578
Total liabilities	4,571,302			2,760,821
Commitments and contingencies
Shareholders’ equity:
Other capital	1,376,542			1,359,946
Accumulated deficit	(423,784		)	(333,821		)
Accumulated other comprehensive loss	(50,208		)	(33,435		)
Total shareholders' equity	902,550			992,690
Non-controlling interest	49,439			—
Total equity	951,989			992,690
Total liabilities and equity	$	5,523,291		$	3,753,511

See accompanying notes which are an integral part of these condensed consolidated financial statements

(Unaudited).

3

SPECTRUM BRANDS, INC.

Condensed Consolidated Statements of Operations

For the three and six month periods ended March 31, 2013 and April 1, 2012

(Unaudited)

(Amounts in thousands)

	THREE MONTHS ENDED						SIX MONTHS ENDED
	2013			2012			2013			2012
Net sales	$	987,756		$	746,285		$	1,858,024		$	1,595,056
Cost of goods sold	662,253			484,594			1,243,279			1,044,734
Restructuring and related charges	2,599			1,660			3,685			6,265
Gross profit	322,904			260,031			611,060			544,057
Selling	171,022			129,912			299,783			261,671
General and administrative	69,975			56,338			126,021			106,767
Research and development	11,860			7,958			20,031			15,193
Acquisition and integration related charges	11,999			7,751			32,811			15,351
Restructuring and related charges	5,304			2,609			10,806			5,729
Total operating expenses	270,160			204,568			489,452			404,711
Operating income	52,744			55,463			121,608			139,346
Interest expense	60,355			69,273			124,135			110,483
Other expense (income), net	3,766			(2,192		)	5,328			1
(Loss) income from continuing operations before income taxes	(11,377		)	(11,618		)	(7,855		)	28,862
Income tax expense	29,146			16,833			39,759			44,143
Net loss	(40,523		)	(28,451		)	(47,614		)	(15,281		)
Less: Net income (loss) attributable to non-controlling interest	263			—			(255		)	—
Net loss attributable to controlling interest	$	(40,786	)	$	(28,451	)	$	(47,359	)	$	(15,281	)

See accompanying notes which are an integral part of these condensed consolidated financial statements

(Unaudited).

4

SPECTRUM BRANDS, INC.

Condensed Consolidated Statements of Comprehensive Income (Loss)

For the three and six month periods ended March 31, 2013 and April 1, 2012

(Unaudited)

(Amounts in thousands)

	THREE MONTHS ENDED						SIX MONTHS ENDED
	2013			2012			2013			2012
Net loss	$	(40,523	)	$	(28,451	)	$	(47,614	)	$	(15,281	)
Other comprehensive income (loss), net of tax:
Foreign currency translation	(20,423		)	18,539			(17,555		)	3,610
Unrealized gain (loss) on derivative instruments	832			(1,226		)	1,078			895
Defined benefit pension (loss) gain	(150		)	199			(296		)	502
Other comprehensive income (loss), net of tax	(19,741		)	17,512			(16,773		)	5,007
Comprehensive loss	(60,264		)	(10,939		)	(64,387		)	(10,274		)
Less: Comprehensive income (loss) attributable to non-controlling interest	263			—			(255		)	—
Comprehensive loss attributable to controlling interest	$	(60,527	)	$	(10,939	)	$	(64,132	)	$	(10,274	)

See accompanying notes which are an integral part of these condensed consolidated financial statements

(Unaudited).

5

SPECTRUM BRANDS, INC.

Condensed Consolidated Statements of Cash Flows

For the six month periods ended March 31, 2013 and April 1, 2012

(Unaudited)

(Amounts in thousands)

	SIX MONTHS ENDED
	2013			2012
Cash flows from operating activities:
Net loss	$	(47,614	)	$	(15,281	)
Adjustments to reconcile net loss to net cash used by operating activities, net of effects of acquisitions:
Depreciation	26,297			18,896
Amortization of intangibles	37,157			30,449
Amortization of unearned restricted stock compensation	14,157			11,076
Amortization of debt issuance costs	4,086			3,446
Non-cash increase to cost of goods sold from sale of HHI Business acquisition inventory	31,000			—
Write off unamortized discount / (premium) on retired debt	885			(466		)
Write off of debt issuance costs	4,600			2,563
Other non-cash adjustments	9,641			1,340
Net changes in assets and liabilities	(278,028		)	(206,827		)
Net cash used by operating activities	(197,819		)	(154,804		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(20,671		)	(18,590		)
Acquisition of Shaser, net of cash acquired	(23,919		)	—
Acquisition of the HHI Business, net of cash acquired	(1,266,120		)	—
Acquisition of Black Flag	—			(43,750		)
Acquisition of FURminator, net of cash acquired	—			(139,390		)
Escrow payment - TLM Taiwan acquisition	(100,000		)	—
Other investing activities	32			(1,963		)
Net cash used by investing activities	(1,410,678		)	(203,693		)
Cash flows from financing activities:
Proceeds from issuance of Term Loan	792,000			—
Proceeds from issuance of 6.375% Notes	520,000			—
Proceeds from issuance of 6.625% Notes	570,000			—
Proceeds from issuance of 6.75% Notes	—			300,000
Payment of 12% Notes, including tender and call premium	—			(270,431		)
Proceeds from issuance of 9.5% Notes, including premium	—			217,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(372,172		)	(2,727		)
Debt issuance costs	(44,163		)	(9,941		)
Other debt financing, net	4,125			11,866
Reduction of other debt	(1,486		)	(26,371		)
ABL revolving credit facility, net	76,500			50,000
Capital contribution from parent	28,562			—
Cash dividends paid to parent	(42,604		)	—
Other financing activities	—			(954		)
Net cash provided by financing activities	1,530,762			268,442
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(1,836		)	—
Effect of exchange rate changes on cash and cash equivalents	(913		)	(671		)
Net decrease in cash and cash equivalents	(80,484		)	(90,726		)
Cash and cash equivalents, beginning of period	157,872			142,414
Cash and cash equivalents, end of period	$	77,388		$	51,688

See accompanying notes which are an integral part of these condensed consolidated financial statements

(Unaudited).

6

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited)

(Amounts in thousands, except per share figures)

1 DESCRIPTION OF BUSINESS

Spectrum Brands, Inc., a Delaware corporation (“Spectrum Brands” or the “Company”), is a global branded consumer products company. Spectrum Brands, Inc., is a wholly owned subsidiary of Spectrum Brands Holdings, Inc. ("SB Holdings"). SB Holdings' common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB.”

The Company’s operations include the worldwide manufacturing and marketing of alkaline, zinc carbon and hearing aid batteries, as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. The Company’s operations also include the manufacturing and marketing of specialty pet supplies. The Company also manufactures and markets herbicides, insecticides and insect repellents in North America. The Company also designs, markets and distributes a broad range of branded small appliances and personal care products. The Company’s operations utilize manufacturing and product development facilities located in the United States ("U.S."), Europe, Latin America and Asia.

On December 17, 2012, the Company acquired the residential hardware and home improvement business (the “HHI Business”) from Stanley Black & Decker, Inc. (“Stanley Black & Decker”), which includes (i) the equity interests of certain subsidiaries of Stanley Black & Decker engaged in the business and (ii) certain assets of Stanley Black & Decker used or held for use in connection with the business (the “Hardware Acquisition”). The HHI Business has a broad portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. On April 8, 2013, the Company completed the Hardware Acquisition, which included the acquisition of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation ("TLM Taiwan”), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 15, “Acquisitions.”

The Company sells its products in approximately 140 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers and enjoys name recognition in its markets under the Rayovac, VARTA and Remington brands, each of which has been in existence for more than 80 years, and under the Tetra, 8-in-1, Dingo, Nature's Miracle, Spectracide, Cutter, Hot Shot, Black & Decker, George Foreman, Russell Hobbs, Farberware, Black Flag, FURminator, the previously mentioned HHI Business brands and various other brands.

The Company's global branded consumer products have positions in seven major product categories: consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; home and garden controls; and hardware and home improvement, which consists of the recently acquired HHI Business.

The Company manages the businesses in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company's worldwide battery, electric shaving and grooming, electric personal care and small appliances primarily in the kitchen and home product categories (“Global Batteries & Appliances”); (ii) Global Pet Supplies, which consists of the Company's worldwide pet supplies business (“Global Pet Supplies”); (iii) Home and Garden Business, which consists of the Company's home and garden and insect control business (the “Home and Garden Business”); and (iv) Hardware & Home Improvement, which consists of the recently acquired HHI Business (“Hardware & Home Improvement”). Management reviews the performance of the Company based on these segments, which also reflect the manner in which the Company's management monitors performance and allocates resources. For information pertaining to our business segments, see Note 12, “Segment Results.”

2 SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation: The condensed consolidated financial statements include the accounts of SB Holdings and its subsidiaries and are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). All intercompany transactions have been eliminated.

These condensed consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and, in the opinion of the Company, include all adjustments (which are normal and recurring in nature) necessary to present fairly the financial position of the Company at March 31, 2013, the results of operations for the three and six month periods ended March 31, 2013 and April 1, 2012, the

7

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

comprehensive income (loss) for the three and six month periods ended March 31, 2013 and April 1, 2012 and the cash flows for the six month periods ended March 31, 2013 and April 1, 2012. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Intangible Assets: Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Customer relationships and proprietary technology intangibles are amortized, using the straight-line method, over their estimated useful lives. Excess of cost over fair value of net assets acquired (goodwill) and indefinite lived trade name intangibles are not amortized. Accounting Standards Codification (“ASC”) Topic 350: “Intangibles-Goodwill and Other,” requires that goodwill and indefinite-lived intangible assets be tested for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have been incurred. Goodwill is tested for impairment at the reporting unit level, with such groupings being consistent with the Company’s reportable segments. If an impairment is indicated, a write-down to fair value (normally measured by discounting estimated future cash flows) is recorded. Indefinite lived trade name intangibles are tested for impairment at least annually by comparing the fair value with the carrying value. Any excess of carrying value over fair value is recognized as an impairment loss in income from operations.

The Company’s annual impairment testing is completed at the August financial period end. Management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as unexpected adverse business conditions, economic factors, unanticipated technological change or competitive activities, loss of key personnel, and acts by governments and courts may signal that an asset has become impaired.

Shipping and Handling Costs: The Company incurred shipping and handling costs of $66,031 and $116,027 for the three and six month periods ended March 31, 2013, respectively, and $49,266 and $99,586 for the three and six month periods ended April 1, 2012, respectively. These costs are included in Selling expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited). Shipping and handling costs include costs incurred with third-party carriers to transport products to customers as well as salaries and overhead costs related to activities to prepare the Company’s products for shipment from its distribution facilities.

Concentrations of Credit Risk: Trade receivables subject the Company to credit risk. Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer.

The Company has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represented approximately 16% and 19% of the Company’s Net sales during the three and six month periods ended March 31, 2013, respectively, and 21% and 23% of the Company’s Net sales during the three and six month periods ended April 1, 2012, respectively. This customer also represented approximately 9% and 13% of the Company’s Trade accounts receivable, net at March 31, 2013 and September 30, 2012, respectively.

Approximately 37% and 44% of the Company’s Net sales during the three and six month periods ended March 31, 2013, respectively, and 42% and 46% of the Company’s Net sales during the three and six month periods ended April 1, 2012, respectively, occurred outside the U.S. These sales and related receivables are subject to varying degrees of credit, currency, political and economic risk. The Company monitors these risks and makes appropriate provisions for collectibility based on an assessment of the risks present.

Stock-Based Compensation: The Company measures the cost of its stock-based compensation plans based on the fair value of its employee stock awards and recognizes these costs over the requisite service period of the awards.

8

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and six month periods ended March 31, 2013 was $11,382 and $14,157, respectively. Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and six month periods ended April 1, 2012 was $6,768 and $11,076, respectively.

The Company granted approximately 62 and 615 restricted stock units during the three and six month periods ended March 31, 2013, respectively. Of these grants, 90 are performance-based and vest over a one year period and 524 are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately $27,769.

The Company granted approximately 13 and 699 restricted stock units during the three and six month periods ended April 1, 2012, respectively. Of these grants, 699 restricted stock units are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately 18,816.

The fair value of restricted stock awards and restricted stock units is determined based on the market price of the Company’s shares of common stock on the grant date. A summary of the activity in the Company’s non-vested restricted stock units during the six months ended March 31, 2013 is as follows:

Restricted Stock Units	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock units at September 30, 2012	1,931		$	28.45	$	54,931
Granted	614		45.23		27,772
Forfeited	(264	)	28.81		(7,606		)
Vested	(1,000	)	28.24		(28,236		)
Non-vested restricted stock units at March 31, 2013	1,281		$	36.58	$	46,861

At March 31, 2013 and September 30, 2012, the Company had 13 restricted stock awards outstanding with a weighted average grant date fair value of $28.00 per share and a total fair value at grant date of $364.

Acquisition and Integration Related Charges: Acquisition and integration related charges reflected in Operating expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited) include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with mergers and acquisitions.

9

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The following table summarizes acquisition and integration related charges incurred by the Company during the three and six month periods ended March 31, 2013 and April 1, 2012:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Russell Hobbs
Integration costs	$	880	$	2,785	$	1,935	$	5,193
Employee termination charges	152		1,907		259		2,516
Legal and professional fees	11		309		90		921
Russell Hobbs Acquisition and integration related charges	$	1,043	$	5,001	$	2,284	$	8,630
HHI Business
Legal and professional fees	6,488		—		20,986		—
Integration costs	3,563		—		3,677		—
Employee termination charges	90		—		90		—
HHI Business Acquisition and integration related charges	$	10,141	$	—	$	24,753	$	—
Shaser	153		—		4,373		—
FURminator	562		2,114		1,233		4,599
Black Flag	11		532		39		1,817
Other	89		104		129		305
Total Acquisition and integration related charges	$	11,999	$	7,751	$	32,811	$	15,351

10

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

3 COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) includes foreign currency translation gains and losses on assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and transactions designated as a hedge of a net investment in a foreign subsidiary, deferred gains and losses on derivative financial instruments designated as cash flow hedges and amortization of deferred gains and losses associated with the Company’s pension plans. The foreign currency translation gains and losses for the three and six month periods ended March 31, 2013 and April 1, 2012 were primarily attributable to the impact of translation of the net assets of the Company’s European and Latin American operations, which primarily have functional currencies in Euros, Pounds Sterling and Brazilian Real.

For information pertaining to the reclassification of unrealized gains and losses on derivative instruments, see Note 8, “Derivative Financial Instruments.”

The components of Other comprehensive income (loss), net of tax, for the three and six month periods ended March 31, 2013 and April 1, 2012 are as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(20,423		)	18,539			(17,555		)	3,610
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive (Loss) Income	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	1,498		$	(3,232	)	$	1,415		$	(2,819	)
Net reclassification adjustment for (gains) losses included in earnings	(16		)	1,121			427			3,523
Gross change after reclassification adjustment	1,482			(2,111		)	1,842			704
Deferred tax effect	(1,079		)	1,410			(1,129		)	413
Deferred tax valuation allowance	429			(525		)	365			(222		)
Other Comprehensive Income (Loss)	$	832		$	(1,226	)	$	1,078		$	895
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(901	)	$	(6	)	$	(1,590	)	$	323
Net reclassification adjustment for losses included in Cost of goods sold	327			152			654			167
Net reclassification adjustment for losses included in Selling expenses	41			19			81			21
Net reclassification adjustment for losses included in General and administrative expenses	152			71			304			77
Gross change after reclassification adjustment	(381		)	236			(551		)	588
Deferred tax effect	219			(8		)	243			(57		)
Deferred tax valuation allowance	12			(29		)	12			(29		)
Other Comprehensive (Loss) Income	$	(150	)	$	199		$	(296	)	$	502
Total Other Comprehensive (Loss) Income, net of tax	$	(19,741	)	$	17,512		$	(16,773	)	$	5,007

4 INVENTORIES

Inventories for the Company, which are stated at the lower of cost or market, consist of the following:

11

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

	March 31, 2013		September 30, 2012
Raw materials	$	112,106	$	58,515
Work-in-process	51,598		23,434
Finished goods	541,705		370,684
	$	705,409	$	452,633

5 GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets of the Company consist of the following:

	Global Batteries & Appliances			Hardware & Home Improvement			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2012	$	268,556		$	—		$	237,932		$	187,757		$	694,245
Additions	65,618			682,285			—			—			747,903
Effect of translation	(2,918		)	(4,163		)	(1,100		)	—			(8,181		)
Balance at March 31, 2013	$	331,256		$	678,122		$	236,832		$	187,757		$	1,433,967
Intangible Assets:
Trade names Not Subject to Amortization
Balance at September 30, 2012	$	545,426		$	—		$	212,142		$	83,500		$	841,068
Additions	—			330,000			—			—			330,000
Effect of translation	(6,140		)	272			(668		)	—			(6,536		)
Balance at March 31, 2013	$	539,286		$	330,272		$	211,474		$	83,500		$	1,164,532
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			140,000			—			—			172,800
Amortization during period	(17,826		)	(3,911		)	(10,682		)	(4,738		)	(37,157		)
Effect of translation	(2,049		)	(156		)	(1,179		)	—			(3,384		)
Balance at March 31, 2013, net	$	460,037		$	135,933		$	252,761		$	157,389		$	1,006,120
Total Intangible Assets, net at March 31, 2013	$	999,323		$	466,205		$	464,235		$	240,889		$	2,170,652

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names, which were recognized in connection with acquisitions and from the application of fresh-start reporting during fiscal 2009. The useful lives of the Company’s intangible assets subject to amortization are 9 to 17 years for technology assets associated with the Global Batteries & Appliances segment, 8 to 9 years for technology assets related to the Hardware & Home Improvement segment, 4 to 9 years for technology assets related to the Global Pet Supplies segment, 15 to 20 years for customer relationships of the Global Batteries & Appliances segment, 20 years for customer relationships of the Hardware & Home Improvement segment, Home and Garden Business and Global Pet Supplies segments, 1 to 12 years for trade names within the Global Batteries & Appliances segment, 5 to 8 years for trade names within the Hardware & Home Improvement segment and 3 years for a trade name within the Global Pet Supplies segment.

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:

12

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

	March 31, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	174,724		$	90,924
Accumulated amortization	(30,308		)	(22,768		)
Carrying value, net	$	144,416		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	170,575		$	150,829
Accumulated amortization	(36,931		)	(28,347		)
Carrying value, net	$	133,644		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	864,550		$	796,235
Accumulated amortization	(136,490		)	(113,012		)
Carrying value, net	$	728,060		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,006,120		$	873,861

Amortization expense for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,435	$	2,412	$	7,539	$	4,310
Trade names amortization	4,303		3,140		7,898		6,279
Customer relationships amortization	11,295		10,269		21,720		19,860
	$	20,033	$	15,821	$	37,157	$	30,449

The Company estimates annual amortization expense of intangible assets for the next five fiscal years will approximate $78,500 per year.

13

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

6 DEBT

Debt consists of the following:

	March 31, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	795,007		4.6	%	$	—	—	%
Former term loan facility	—			—		370,175		5.1	%
9.5% Notes, due June 15, 2018	950,000			9.5	%	950,000		9.5	%
6.375% Notes, due November 15, 2020	520,000			6.4	%	—		—	%
6.625% Notes, due November 15, 2022	570,000			6.6	%	—		—	%
6.75% Notes, due March 15, 2020	300,000			6.8	%	300,000		6.8	%
ABL Facility, expiring May 24, 2017	76,500			2.8	%	—		4.3	%
Other notes and obligations	21,936			10.6	%	18,059		10.9	%
Capitalized lease obligations	29,666			6.3	%	26,683		6.2	%
	$	3,263,109				$	1,664,917
Original issuance premiums (discounts) on debt	(4,234		)			4,383
Less: current maturities	29,451					16,414
Long-term debt	$	3,229,424				$	1,652,886

Term Loan

On December 17, 2012, the Company entered into a senior term loan facility, maturing December 17, 2019, which provides borrowings in an aggregate principal amount of $800,000, with $100,000 in Canadian dollar equivalents (the "Term Loan") in connection with the acquisition of the HHI Business. A portion of the Term Loan proceeds were used to refinance the former term loan facility, which was scheduled to mature on June 17, 2016, and had an aggregate amount outstanding of $370,175 prior to refinancing. In connection with the refinancing, the Company recorded accelerated amortization of portions of the unamortized discount and unamortized Debt issuance costs related to the former term loan facility totaling $5,485 as an adjustment to interest expense during the six month period ended March 31, 2013.

The Term Loan contains financial covenants with respect to debt, including, but not limited to, a fixed charge ratio. In addition, the Term Loan contains customary restrictive covenants, including, but not limited to, restrictions on the Company's ability to incur additional indebtedness, create liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. Pursuant to a guarantee and collateral agreement, the Company, its domestic subsidiaries and its Canadian subsidiaries have guaranteed their respective obligations under the Term Loan and related loan documents and have pledged substantially all of their respective assets to secure such obligations. The Term Loan also provides for customary events of default, including payment defaults and cross-defaults on other material indebtedness.

In connection with the issuance of the Term Loan, the Company recorded $379 and $19,127 of fees during the three and six month periods ended March 31, 2013, respectively, of which $16,706 is classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and is being amortized as an adjustment to interest expense over the remaining life of the Term Loan, with the remainder of $2,421 reflected as an increase to interest expense during the six month period ended March 31, 2013.

6.375% Notes and 6.625% Notes

On December 17, 2012, in connection with the acquisition of the HHI Business, Spectrum Brands assumed $520,000 aggregate principal amount of 6.375% Notes at par value, due November 15, 2020 (the "6.375% Notes"), and $570,000 aggregate principal amount of 6.625% Notes at par value, due November 15, 2022 (the "6.625% Notes"), previously issued by Spectrum Brands Escrow Corporation. The 6.375% Notes and the 6.625% Notes are unsecured and guaranteed by Spectrum Brands’ parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries.

14

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The Company may redeem all or a part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 6.375% Notes and the 6.625% Notes (the “2020/22 Indenture”), requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes. If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $43 and $12,903 of fees in connection with the offering of the 6.375% Notes during the three and six month periods ended March 31, 2013, respectively, and $43 and $14,123 of fees in connection with the offering of the 6.625% Notes during the three and six month periods ended March 31, 2013, respectively. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the respective remaining lives of the 6.375% Notes and the 6.625% Notes.

ABL Facility

On December 17, 2012 the Company exercised its option to increase its asset based lending revolving credit facility (the "ABL Facility") from $300,000 to $400,000 and extend the maturity to May 24, 2017. In connection with the increase and extension, the Company incurred $323 of fees during the six month period ended March 31, 2013. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility.

On March 28, 2013, the Company amended its ABL Facility to conform certain provisions to reflect the acquisition of the HHI Business. In connection with the amendment, the Company incurred $108 of fees during the three and six month periods ended March 31, 2013. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility.

As a result of borrowings and payments under the ABL Facility, at March 31, 2013, the Company had aggregate borrowing availability of approximately $238,389, net of lender reserves of $8,732 and outstanding letters of credit of $26,312.

7 DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading purposes. Derivative instruments are reported at fair value in the Condensed Consolidated Statements of Financial Position (unaudited). When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized in earnings. For derivatives that are not designated as cash flow hedges, or do not qualify for hedge accounting treatment, the change in the fair value is also immediately recognized in earnings.

15

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Fair Value of Derivative Instruments

The Company discloses its derivative instruments and hedging activities in accordance with ASC Topic 815: “Derivatives and Hedging” (“ASC 815”).

The fair value of the Company’s outstanding derivative contracts recorded as assets in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Asset Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	61	$	985
Commodity contracts	Deferred charges and other	68		1,017
Foreign exchange contracts	Receivables—Other	2,981		1,194
Foreign exchange contracts	Deferred charges and  other	147		—
Total asset derivatives designated as hedging instruments under ASC 815		3,257		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	107		41
Total asset derivatives		$	3,364	$	3,237

The fair value of the Company’s outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Liability Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	680	$	9
Commodity contracts	Other long-term liabilities	67		—
Foreign exchange contracts	Accounts payable	681		3,063
Foreign exchange contracts	Other long-term  liabilities	63		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,491	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Accounts payable	3,234		3,967
Foreign exchange contracts	Other long-term liabilities	808		2,926
Total liability derivatives		$	5,533	$	9,965

Changes in AOCI from Derivative Instruments

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of Accumulated Other Comprehensive Income ("AOCI") and reclassified into

16

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 3, "Comprehensive Income (Loss)" for further information.

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,186	)	Cost of goods sold	$	195		Cost of goods sold	$	(36	)
Foreign exchange contracts	168			Net sales	219			Net sales	—
Foreign exchange contracts	3,516			Cost of goods sold	(398		)	Cost of goods sold	—
Total	$	1,498			$	16			$	(36	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,418	)	Cost of goods sold	$	98		Cost of goods sold	$	(82	)
Foreign exchange contracts	666			Net sales	340			Net sales	—
Foreign exchange contracts	3,167			Cost of goods sold	(865		)	Cost of goods sold	—
Total	$	1,415			$	(427	)		$	(82	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	1,124		Cost of goods sold	$	(189	)	Cost of goods sold	$	33
Interest rate contracts	36			Interest expense	(205		)	Interest expense	—
Foreign exchange contracts	463			Net sales	(88		)	Net sales	—
Foreign exchange contracts	(4,855		)	Cost of goods sold	(639		)	Cost of goods sold	—
Total	$	(3,232	)		$	(1,121	)		$	33

17

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	379		Cost of goods sold	$	(555	)	Cost of goods sold	$	14
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	334			Net sales	(210		)	Net sales	—
Foreign exchange contracts	(3,547		)	Cost of goods sold	(1,894		)	Cost of goods sold	—
Total	$	(2,819	)		$	(3,523	)		$	14

Other Changes in Fair Value of Derivative Contracts

For derivative instruments that are used to economically hedge the fair value of the Company’s third party and intercompany foreign currency payments, commodity purchases and interest rate payments, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change. During the three month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013	2012
Foreign exchange contracts	1,788	(3,452	)	Other expense (income), net

During the six month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013		2012
Foreign exchange contracts	(2,311	)	3,793	Other expense (income), net

Credit Risk

The Company is exposed to the risk of default by the counterparties with which it transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. The Company monitors counterparty credit risk on an individual basis by periodically assessing each such counterparty’s credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives that are concentrated with certain domestic and foreign financial institution counterparties. The Company considers these exposures when measuring its credit reserve on its derivative assets, which was $13 and $46 at March 31, 2013 and September 30, 2012, respectively.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral as a result of a credit event. However, the Company is typically required to post collateral in the normal course of business to offset its liability positions. At March 31, 2013 and September 30, 2012, the Company had posted cash collateral of $450 and $50, respectively, related to such liability positions. In addition, at March 31, 2013 and September 30, 2012, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Current Assets—Receivables-Other within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited).

18

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Derivative Financial Instruments

Cash Flow Hedges

When appropriate, the Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At March 31, 2013, the Company did not have any interest rate swaps outstanding.

The Company periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign currency denominated third party and intercompany sales or payments. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to Net sales or purchase price variance in Cost of goods sold. At March 31, 2013, the Company had a series of foreign exchange derivative contracts outstanding through June 2014 with a contract value of $147,027. The derivative net gain on these contracts recorded in AOCI by the Company at March 31, 2013 was $1,797, net of tax expense of $587. At March 31, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,829, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At March 31, 2013, the Company had a series of such swap contracts outstanding through September 2014 for 10 tons with a contract value of $19,887. The derivative net loss on these contracts recorded in AOCI by the Company at March 31, 2013 was $503, net of tax benefit of $79. At March 31, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $502, net of tax.

Derivative Contracts

The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited). The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At March 31, 2013 and September 30, 2012, the Company had $132,206 and $172,581, respectively, of notional value for such foreign exchange derivative contracts outstanding.

8 FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s net derivative portfolio as of March 31, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of March 31, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Total Assets, net	$	—	$	—		$	—	$	—
Liabilities:
Commodity contracts, net	$	—	$	(618	)	$	—	$	(618	)
Foreign exchange contracts, net	—		(1,551		)	—		(1,551		)
Total Liabilities, net	$	—	$	(2,169	)	$	—	$	(2,169	)

19

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The Company’s net derivative portfolio as of September 30, 2012, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of September 30, 2012 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Commodity contracts, net	$	—	$	1,993		$	—	$	1,993
Total Assets, net	$	—	$	1,993		$	—	$	1,993
Liabilities:
Foreign exchange contracts, net	$	—	$	(8,721	)	$	—	$	(8,721	)
Total Liabilities, net	$	—	$	(8,721	)	$	—	$	(8,721	)

The carrying values of cash and cash equivalents, accounts and notes receivable, accounts payable and non-publicly traded debt approximate fair value. The fair values of long-term publicly traded debt are based on unadjusted quoted market prices (Level 1) and derivative financial instruments are generally based on quoted or observed market prices (Level 2).

The carrying values of goodwill, intangible assets and other long-lived assets are tested annually, or more frequently if an event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3).

The carrying amounts and fair values of the Company’s financial instruments are summarized as follows ((liability)/asset):

	March 31, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,258,875	)	$	(3,500,810	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(618		)	(618		)	1,993			1,993
Foreign exchange forward agreements	(1,551		)	(1,551		)	(8,721		)	(8,721		)

9 EMPLOYEE BENEFIT PLANS

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the U.S. and certain employees in other countries, including the United Kingdom, the Netherlands, Germany, Guatemala, Brazil and Mexico. These pension plans generally provide benefits of stated amounts for each year of service.

The Company’s results of operations for the three and six month periods ended March 31, 2013 and April 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Six Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	825		$	578		$	1,549		$	1,122
Interest cost	2,464			2,552			4,827			4,478
Expected return on assets	(2,196		)	(2,051		)	(4,392		)	(3,327		)
Recognized net actuarial loss	520			242			1,039			265
Employee contributions	(46		)	(46		)	(92		)	(92		)
Net periodic benefit cost	$	1,567		$	1,275		$	2,931		$	2,446

20

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The Company funds its U.S. pension plans in accordance with the Internal Revenue Service (“IRS”) defined guidelines and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. The Company’s contributions to its pension and deferred compensation plans for the three and six month periods ended March 31, 2013 and April 1, 2012 were as follows:

	Three Months Ended				Six Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,095	$	1,655	$	1,702	$	2,479

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Company contributions charged to operations, including discretionary amounts, for the three and six month periods ended March 31, 2013 were $1,635 and $2,814, respectively. Company contributions charged to operations, including discretionary amounts, for the three and six month periods ended April 1, 2012 were $573 and $1,149, respectively.

10 INCOME TAXES

The Company's effective tax rates for the three and six month periods ended March 31, 2013 were (256)% and (506)%, respectively. The Company's effective tax rates for the three and six month periods ended April 1, 2012 were (145)% and 153%, respectively. The Company's effective tax rates differ from the United States federal statutory rate of 35% principally due to: (i) losses in the U.S. and certain foreign jurisdictions for which no tax benefit can be recognized due to full valuation allowances that have been provided on the Company's net operating loss carryforward tax benefits and other deferred tax assets; (ii) deferred income tax expense related to the change in book versus tax basis of indefinite lived intangibles, which are amortized for tax purposes but not for book purposes, and (iii) the reversal of U.S. valuation allowances of $3,359 and $49,291 as a result of the HHI Business acquisition during the three and six months ended March 31, 2013, respectively, and $13,915 on deferred tax assets of the Company as a result of the FURminator acquisition during the six month period ended April 1, 2012.

The Company recognizes in its consolidated financial statements the impact of a tax position if it concludes that the position is more likely than not sustainable upon audit, based on the technical merits of the position. At March 31, 2013 and September 30, 2012, the Company had $9,521 and $5,877, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3,767 and $3,564, respectively, of accrued interest and penalties related to the uncertain tax positions at those dates. Interest and penalties related to uncertain tax positions are reported in the financial statements as part of income tax expense.

As of March 31, 2013, certain of the Company's legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized.

11 SEGMENT RESULTS

The Company manages its business in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; (iii) Home and Garden Business; and (iv) Hardware & Home Improvement.

The results of the HHI Business operations since December 17, 2012 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The financial results are reported as a separate business segment, Hardware & Home Improvement.

Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each reportable segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a general manager responsible for the sales and marketing initiatives and financial results for product lines within that segment.

21

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Net sales and Cost of goods sold from transactions with other business segments have been eliminated. The gross contribution of intersegment sales is included in the segment selling the product to the external customer. Segment net sales are based upon the segment from which the product is shipped.

The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, interest expense, interest income and income tax expense. Corporate expenses primarily include general and administrative expenses and global long-term incentive compensation plan costs which are evaluated on a consolidated basis and not allocated to the Company’s operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are identified to operating segments or corporate expense according to the function of each cost center.

All capital expenditures are related to operating segments. Variable allocations of assets are not made for segment reporting.

Segment information for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Net sales from external customers
Consumer batteries	$	199,747		$	205,061		$	470,728		$	473,080
Small appliances	154,647			159,428			374,707			402,489
Electric shaving and grooming	53,309			55,796			146,236			152,119
Electric personal care	60,929			59,784			142,972			141,561
Global Batteries & Appliances	468,632			480,069			1,134,643			1,169,249
Global Pet Supplies	160,436			156,529			300,199			291,467
Home and Garden Business	102,011			109,687			132,523			134,340
Hardware & Home Improvement	256,677			—			290,659			—
Total segments	$	987,756		$	746,285		$	1,858,024		$	1,595,056
	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Segment profit
Global Batteries & Appliances	$	41,415		$	40,427		$	136,792		$	138,632
Global Pet Supplies	20,332			19,248			36,273			35,309
Home and Garden Business	20,792			22,204			16,531			16,285
Hardware & Home Improvement	6,730			—			3,520			—
Total segments	89,269			81,879			193,116			190,226
Corporate expense	16,623			14,396			24,206			23,535
Acquisition and integration related charges	11,999			7,751			32,811			15,351
Restructuring and related charges	7,903			4,269			14,491			11,994
Interest expense	60,355			69,273			124,135			110,483
Other expense (income), net	3,766			(2,192		)	5,328			1
(Loss) income from continuing operations before income taxes	$	(11,377	)	$	(11,618	)	$	(7,855	)	$	28,862

On February 8, 2013, the Venezuelan government announced the formal devaluation of its currency, the Bolivar fuerte, relative to the U.S. dollar. As Venezuela continues to be considered a highly inflationary economy, the functional currency of the Company's Venezuelan subsidiary is the U.S. dollar. Therefore, the Company remeasured the local statement of financial position of its Venezuela entity as of February 8, 2013 to reflect the impact of the devaluation to the official exchange rate from 4.3 to 6.3 Bolivar fuerte per U.S. dollar. The effect of the devaluation of the Bolivar fuerte was recorded in other expense

22

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

(income), net and resulted in a $1,953 reduction to the Company's operating income during the three and six month periods ended March 31, 2013.

	March 31, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,249,400	$	2,243,472
Global Pet Supplies	959,685		956,043
Home and Garden Business	539,207		508,083
Hardware & Home Improvement	1,697,604		—
Total segment assets	5,445,896		3,707,598
Corporate	77,395		45,913
Total assets at period end	$	5,523,291	$	3,753,511

12 RESTRUCTURING AND RELATED CHARGES

The Company reports restructuring and related charges associated with manufacturing and related initiatives in Cost of goods sold. Restructuring and related charges reflected in Cost of goods sold include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented.

The Company reports restructuring and related charges relating to administrative functions in Operating expenses, such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in Operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives.

The following table summarizes restructuring and related charges incurred by segment for the three and six month periods ended March 31, 2013 and April 1, 2012:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	449	$	454	$	814	$	3,474
Hardware & Home Improvement	1,128		—		1,128		—
Global Pet Supplies	1,022		1,206		1,743		2,791
Total restructuring and related charges in cost of goods sold	2,599		1,660		3,685		6,265
Operating expenses:
Global Batteries & Appliances	1,400		767		2,355		1,644
Hardware & Home Improvement	1,553		—		1,553		—
Global Pet Supplies	2,105		1,103		6,336		2,393
Home and Garden Business	183		627		367		971
Corporate	63		112		195		721
Total restructuring and related charges in operating expenses	5,304		2,609		10,806		5,729
Total restructuring and related charges	$	7,903	$	4,269	$	14,491	$	11,994

Global Cost Reduction Initiatives Summary

During the fiscal year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances segment, the Global Pet Supplies segment and the Home and Garden Business segment to reduce operating costs, and to evaluate opportunities to improve the Company’s capital structure (the “Global Cost Reduction

23

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Initiatives”). These initiatives included headcount reductions and the exit of certain facilities within each of the Company’s segments. These initiatives also included consultation, legal and accounting fees related to the evaluation of the Company’s capital structure. Costs associated with these initiatives, which are expected to be incurred through January 31, 2015, are projected to total approximately $100,900.

The Company recorded $5,176 and $11,647 of pretax restructuring and related charges during the three and six month periods ended March 31, 2013, respectively, and $4,173 and $11,302 of pretax restructuring and related charges during the three and six month periods ended April 1, 2012, respectively, related to the Global Cost Reduction Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Cost Reduction Initiatives and the activity during the six month period ended March 31, 2013:

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	4,527			230			4,757
Cash expenditures	(2,702		)	(603		)	(3,305		)
Non-cash items	31			20			51
Accrual balance at March 31, 2013	$	5,108		$	742		$	5,850
Expensed as incurred (A)	$	667		$	6,223		$	6,890

 ______________________________

(A) Consists of amounts not impacting the accrual for restructuring and related charges.

The following table summarizes the expenses incurred during the six month period ended March 31, 2013, the cumulative amount incurred to date and the total future expected costs to be incurred associated with the Global Cost Reduction Initiatives by operating segment:

	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Corporate		Total
Restructuring and related charges during the six month period ended March 31, 2013	$	3,201	$	8,079	$	367	$	—	$	11,647
Restructuring and related charges since initiative inception	$	24,010	$	45,077	$	17,987	$	7,591	$	94,665
Total future restructuring and related charges expected	$	1,587	$	3,410	$	1,175	$	—	$	6,172

The Company recorded $2,681 of restructuring and related charges during the three and six month periods ended March 31, 2013, related to initiatives implemented by the HHI Business prior to the Company's acquisition on December 17, 2012.

In connection with other restructuring efforts, the Company recorded $46 and $163 of pretax restructuring and related charges during the three and six month periods ended March 31, 2013, respectively, and $96 and $692 of pretax restructuring and related charges during the three and six month periods ended April 1, 2012, respectively.

13 COMMITMENTS AND CONTINGENCIES

The Company has provided for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability which may result from resolution of these matters in excess of the amounts provided of approximately $5,250, will not have a material adverse effect on the financial condition, results of operations or cash flows of the Company.

The Company is a defendant in various other matters of litigation generally arising out of the ordinary course of business.

24

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

The Company does not believe that the resolution of any other matters or proceedings presently pending will have a material adverse effect on its results of operations, financial condition, liquidity or cash flows.

14 ACQUISITIONS

In accordance with ASC Topic 805, “Business Combinations” (“ASC 805”), the Company accounts for acquisitions by applying the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

HHI Business

On December 17, 2012, the Company completed the cash acquisition of the HHI Business from Stanley Black & Decker. The following table summarizes the preliminary consideration paid for the HHI Business:

Negotiated sales price, excluding TLM Taiwan	$	1,300,000
Preliminary working capital and other adjustments	(10,638		)
Preliminary purchase price	$	1,289,362

The HHI Business is a major manufacturer and supplier of residential locksets, residential builders' hardware and faucets with a portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as the SmartKey, a re-keyable lockset technology, and Smart Code Home Connect. Customers of the HHI Business include retailers, non-retail distributors and homebuilders. Headquartered in Lake Forest, California, the HHI Business has a global sales force and operates manufacturing and distribution facilities in the U.S., Canada, Mexico and Asia.

A portion of the Hardware Acquisition consisting of the purchase of certain assets of TLM Taiwan closed on April 8, 2013. The Company paid Stanley Black & Decker the negotiated sales price of $100,000 on December 17, 2012, which was held in escrow until the close of the TLM Taiwan acquisition. This payment was made in conjunction with the close of the HHI Business acquisition and is classified within Prepaid expenses and other in the Condensed Consolidated Statements of Financial Position (Unaudited).

The results of the HHI Business operations since December 17, 2012 are included in the Company's Condensed Consolidated Statements of Operations (Unaudited) and are reported within the Hardware & Home Improvement segment.

Preliminary Valuation of Assets and Liabilities

The preliminary fair values of the net tangible and intangible assets acquired and liabilities assumed in connection with the purchase of the HHI Business have been recognized in the Condensed Consolidated Statement of Financial Position based upon their preliminary values at December 17, 2012, as set forth below. The excess of the purchase price over the preliminary fair values of the net tangible and intangible assets was recorded as goodwill, and includes value associated with greater product diversity, stronger relationships with core retail partners, cross-selling opportunities in all channels and a new platform for potential future global growth using the Company's existing international infrastructure, most notably in Europe. The majority of goodwill recorded is not expected to be deductible for income tax purposes. The preliminary fair values recorded were based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary valuation that are not yet finalized relate to the fair values of certain tangible assets and liabilities acquired, certain legal matters, amounts for income taxes including deferred tax accounts, amounts for uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, the determination of identifiable intangible assets and the final amount of residual goodwill. Additionally, finalized fair values associated with deferred tax accounts could have a material effect on the Company's estimated reversal of its consolidated U.S. valuation allowances recognized during the measurement period. See Note 11, "Income Taxes," for further information. The Company expects to continue to obtain information to assist it in determining the fair values of the net assets acquired at the acquisition date during the measurement period. The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:

25

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	17,406		$	5,836		$	23,242
Accounts receivable	104,641			4,378			109,019
Inventory	207,160			(2,393		)	204,767
Prepaid expenses and other	13,311			(4,161		)	9,150
Property, plant and equipment	104,502			(5,166		)	99,336
Intangible assets	470,000			—			470,000
Other long-term assets	3,051			—			3,051
Total assets acquired	$	920,071		$	(1,506	)	$	918,565
Accounts payable	130,140			7,967			138,107
Deferred tax liability - current	7,081			(32		)	7,049
Accrued liabilities	37,530			(615		)	36,915
Deferred tax liability - long-term	104,708			11,177			115,885
Other long-term liabilities	11,231			(2,168		)	9,063
Total liabilities assumed	$	290,690		$	16,329		$	307,019
Total identifiable net assets	629,381			(17,835		)	611,546
Non-controlling interest	(2,235		)	(2,234		)	(4,469		)
Goodwill	662,216			20,069			682,285
Total net assets	$	1,289,362		$	—		$	1,289,362

During the three month period ended March 31, 2013, the Company recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $20,069.  The preliminary goodwill increased $11,177 as a result of recording certain state and foreign valuation allowances against deferred tax assets, $5,166 resulting from a reduction in certain property, plant and equipment asset values and $2,393 from a reduction in inventory asset values.  The changes in estimates were the result of additional accounting information provided by Stanley Black & Decker during the period. The Company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change further. The Company expects to complete the purchase accounting process as soon as practicable but no later than one year from the acquisition date.

Preliminary Pre-Acquisition Contingencies Assumed

The Company has evaluated and continues to evaluate pre-acquisition contingencies relating to the HHI Business that existed as of the acquisition date. Based on the evaluation to date, the Company has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, the Company has preliminarily recorded its best estimates for these contingencies as part of the preliminary valuation of the assets and liabilities acquired for the HHI Business. The Company continues to gather information relating to all pre-acquisition contingencies that it has assumed from the HHI Business. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period, any adjustments to pre-acquisition contingency amounts will be reflected in the Company's results of operations.

Preliminary Valuation Adjustments

The Company performed a preliminary valuation of the assets and liabilities of the HHI Business at December 17, 2012. Significant adjustments as a result of the preliminary valuation and the bases for their determination are summarized as follows:

• Inventories- An adjustment of $31,000 was recorded to adjust inventory to fair value. Finished goods were valued at estimated selling prices less the sum of costs of disposal and a reasonable profit allowance for the selling effort.

26

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

• Property, plant and equipment, net- An adjustment of $3,997 was recorded to adjust the net book value of property, plant and equipment to fair value giving consideration to the highest and best use of the assets. The valuation of the Company's property, plant and equipment was based on the cost approach.

• Certain indefinite-lived intangible assets were valued using a relief from royalty methodology. Customer relationships and certain definite-lived intangible assets were valued using a multi-period excess earnings method. The total fair value of indefinite and definite lived intangibles was $470,000 as of December 17, 2012. A summary of the significant key inputs is as follows:

• The Company valued customer relationships using the income approach, specifically the multi-period excess earnings method. In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges. The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value. Only expected sales from current customers were used, which included an expected growth rate of 3%. The Company assumed a customer retention rate of approximately 95%, which was supported by historical retention rates. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The customer relationships were valued at $74,000 under this approach and will be amortized over 20 years.

• The Company valued indefinite-lived trade names and trademarks using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. Royalty rates used in the determination of the fair values of trade names and trademarks ranged from 3% - 5% of expected net sales related to the respective trade names and trademarks. The Company anticipates using the majority of the trade names and trademarks for an indefinite period as demonstrated by the sustained use of each subject trademark. In estimating the fair value of the trademarks and trade names, Net sales for significant trade names and trademarks were estimated to grow at a rate of 2.5% - 5% annually with a terminal year growth rate of 2.5%. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. Trade name and trademarks were valued at $330,000 under this approach.

• The Company valued a definite lived trade name using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rate used in the determination of the fair values of trade name was 3.5% of expected net sales related to the respective trade name. The Company assumed an 8 year useful life of the trade name. In estimating the fair value of the trade name, Net sales for the trade name were estimated to grow at a rate of 2.5% - 5% annually. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The trade name was valued at $3,000 under this approach.

• The Company valued a trade name license agreement using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rate used in the determination of the fair value of the trade name license agreement was 4% of expected Net sales related to the respective trade name. In estimating the fair value of the trade name license agreement, Net sales were estimated to grow at a rate of 2.5% - 5% annually. The Company assumed a 5 year useful life of the trade name license agreement. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The trade name license agreement was valued at $12,000 under this approach.

• The Company valued technology using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several

27

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

factors, including prior transactions of the HHI Business, related licensing agreements and the importance of the technology and profit levels, among other considerations. Royalty rates used in the determination of the fair values of technologies ranged from 4% - 5% of expected Net sales related to the respective technology. The Company anticipates using these technologies through the legal life of the underlying patent; therefore, the expected life of these technologies was equal to the remaining legal life of the underlying patents which was 10 years. In estimating the fair value of the technologies, Net sales were estimated to grow at a rate of 2.5% - 31% annually. Income taxes were estimated at 35% and amounts were discounted using the rate of 12%. The technology assets were valued at $51,000 under this approach.

• Deferred tax liabilities, net- An adjustment of $122,934 was recorded to adjust deferred taxes for the preliminary fair value adjustments made in accounting for the purchase.

Supplemental Pro Forma Information (Unaudited)

The following reflects the Company's pro forma results had the results of the HHI Business been included for all periods presented.

	Three months						Six months
	2013			2012			2013			2012
Net sales:
Reported Net sales	$	987,756		$	746,285		$	1,858,024		$	1,595,056
HHI Business adjustment	—			232,170			191,777			463,858
Pro forma Net sales	$	987,756		$	978,455		$	2,049,801		$	2,058,914
Adjusted net (loss) income:
Reported Net loss (1) (2)	$	(40,523	)	$	(28,451	)	$	(47,614	)	$	(15,281	)
HHI Business adjustment	—			10,158			4,942			23,083
Pro forma adjusted Net (loss) income	$	(40,523	)	$	(18,293	)	$	(42,672	)	$	7,802

(1) Included in Reported Net loss for the three and six month periods ended March 31, 2013, are adjustments of $3,359 and $49,291, respectively, to record the income tax benefit resulting from the reversal of U.S. valuation allowances on deferred tax assets as a result of the HHI Business acquisition. For information pertaining to the income tax benefit, see Note 11, “Income Taxes.”

(2) Included in Reported Net loss for the three and six month periods ended March 31, 2013, is $10,141 and $24,753, respectively, of Acquisition and integration related charges as a result of the HHI Business acquisition. For information pertaining to Acquisition and integration related charges, see Note 2, “Significant Accounting Policies - Acquisition and Integration Related Charges.”

(3) For the three and six month periods ended March 31, 2013 and April 1, 2012, the Company has not assumed the exercise of common stock equivalents as the impact would be antidilutive due to the loss reported.

Shaser

On November 8, 2012, the Company completed the cash acquisition of approximately a 56% interest in Shaser Biosciences, Inc. ("Shaser"), of which the Company purchased 49%. Shaser is a global technology leader in developing energy-based, aesthetic dermatological technology for home use devices. This acquisition was not significant individually.

The following table summarizes the preliminary consideration paid for Shaser:

Negotiated sales price	$	50,000
Less: negotiated sales price attributable to SB Holdings	6,197
Preliminary working capital adjustment	(423		)
Preliminary purchase price	$	43,380

The purchase agreement provides the Company with an option, exercisable solely at the Company's discretion, to acquire the remaining 44% interest of Shaser (the "Call Option"). The Call Option is exercisable any time between January 1, 2017 and

28

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Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

March 31, 2017 at a price equal to 1.0x trailing revenues or 7.0x adjusted trailing EBITDA, as defined, for calendar year ended December 31, 2016.  

As of March 31, 2013, the Company has paid approximately half of the negotiated sales price to the seller. The remaining purchase consideration was paid on April 2, 2013.

The results of Shaser’s operations since November 8, 2012 are included in the Company’s Condensed Consolidated Statements of Operations (Unaudited) and are reported as part of the Global Batteries & Appliances segment.

Preliminary Valuation of Assets and Liabilities

The assets acquired and liabilities assumed in the Shaser acquisition have been measured at their fair values at November 8, 2012 as set forth below. The excess of the purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce including an experienced research team, and is not expected to be deductible for income tax purposes. The preliminary fair values recorded were determined based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to amounts for income taxes including deferred tax accounts, uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, certain legal matters and residual goodwill.

The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser, including a reconciliation to the preliminary valuation reported as of December 30, 2012, are as follows:

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	870		$	—		$	870
Intangible asset	35,500			(2,700		)	32,800
Other assets	2,679			—			2,679
Total assets acquired	$	39,049		$	(2,700	)	$	36,349
Total liabilities assumed	14,398			(962		)	13,436
Total identifiable net assets	24,651			(1,738		)	22,913
Non-controlling interest	(38,954		)	—			(38,954		)
Goodwill	63,880			1,738			65,618
Total identifiable net assets	$	49,577		$	—		$	49,577

During the three month period ended March 31, 2013, the Company recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $1,738.  Goodwill increased as a result of further information to support a key valuation factor that impacted the valuation of the technology asset acquired.  This revised information was provided by Shaser during the period. The Company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change further. The Company expects to complete the purchase accounting process as soon as practicable but no later than one year from the acquisition date.

Preliminary Pre-Acquisition Contingencies Assumed

The Company has evaluated and continues to evaluate pre-acquisition contingencies relating to Shaser that existed as of the acquisition date. Based on the evaluation to date, the Company has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, the Company has preliminarily recorded its best estimates for these contingencies as part of the preliminary purchase accounting for Shaser. The Company continues to gather information relating to all pre-acquisition contingencies that it has assumed from Shaser. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period, any adjustments to pre-acquisition contingency amounts will be reflected in the Company's results of operations.

29

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

Preliminary Valuation Adjustments

The Company performed a preliminary valuation of the acquired proprietary technology assets, the non-controlling interest and the Call Option related to Shaser at November 8, 2012. A summary of the significant key inputs is as follows:

• The Company valued the technology assets using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of Shaser, related licensing agreements and the importance of the technology and profit levels, among other considerations. The royalty rate used in the determination of the fair value of the technology asset was 10.5% of expected Net sales related to the technology. The Company anticipates using the technology through the legal life of the underlying patent and therefore the expected life of the technology was equal to the remaining legal life of the underlying patent which was 13 years. In estimating the fair value of the technology, Net sales were estimated to grow at a long-term rate of 3% annually. Income taxes were estimated at 35% and amounts were discounted using the rate of 11%. The technology asset was valued at approximately $32,800 under this approach.

• The Company valued the non-controlling interest in Shaser, a private company, by applying both income and market approaches. Under these methods, the non-controlling value was determined by using a discounted cash flow method, a guideline companies method, and a recent transaction approach. In estimating the fair value of the non-controlling interest, key assumptions include (i) cash flow projections based on market participant data and estimates by Company management, with Net sales estimated to grow at a terminal growth rate of 3% annually, income taxes estimated at 35%, and amounts discounted using a rate of 12%, (ii) financial multiples of companies deemed to be similar to Shaser, and (iii) adjustments because of lack of control or lack of marketability that market participants would consider when estimating the fair value of the non-controlling interest in Shaser. The non-controlling interest was valued at $38,954 under this approach.

• The Company, in connection with valuing the non-controlling interest in Shaser, also valued the Call Option. In addition to the valuation methods and key assumptions discussed above, the Company compared the forecasted revenue and EBITDA multiples, as defined, associated with the Call Option to current guideline companies. The Call Option was determined to have an immaterial value under this approach.

15 SUBSEQUENT EVENTS

ASC 855, “Subsequent Events,” (“ASC 855”), establishes general standards of accounting and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 requires the Company to evaluate all subsequent events that occur after the balance sheet date through the date and time the Company's financial statements are issued. The Company has evaluated subsequent events through the date these financial statements were issued.

On April 8, 2013, the Company completed the $100,000 cash acquisition of certain assets of TLM Taiwan from Stanley Black & Decker, completing the final step in the Hardware Acquisition. In accordance with ASC 805, the Company will account for the acquisition by applying the acquisition method of accounting and include the fair value of acquired net assets within the Company's Hardware & Home Improvement segment. The Company is in process of preparing the preliminary purchase price allocation of TLM Taiwan.

16 NEW ACCOUNTING PRONOUNCEMENTS

Presentation of Comprehensive Income

In June 2011, the Financial Accounting Standards Board ("FASB") issued new accounting guidance which requires entities to present net income and other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. The guidance requiring disclosure of the income statement location where gains and losses reclassified out of comprehensive income are included was deferred in December 2011. In November 2012, the FASB clarified its position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The

30

SPECTRUM BRANDS, INC.

Notes to Condensed Consolidated Financial Statements (Unaudited) – (Continued)

(Amounts in thousands, except per share figures)

accounting guidance requiring a comprehensive income statement is now effective for the Company. The Company has implemented all required disclosures.

17 CONSOLIDATING FINANCIAL STATEMENTS

In connection with the combination with Russell Hobbs, Spectrum Brands, with its domestic subsidiaries and SB/RH Holdings, LLC as guarantors, issued the 9.5% Notes under the 2018 Indenture. (See Note 6, “Debt,” for further information on the the 9.5% Notes under the 2018 Indenture.)

The following consolidating financial statements illustrate the components of the consolidated financial statements of the Company. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. Earnings of subsidiaries are therefore reflected in the Company’s and Guarantor Subsidiaries’ investment accounts and earnings. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions. Separate consolidated financial statements of the Guarantor Subsidiaries are not presented because management has determined that such financial statements would not be material to investors.

31

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	1,044		$	3,605		$	72,739		$	—		$	77,388
Receivables:
Trade accounts receivables, net of allowances	42,264			103,887			333,848			—			479,999
Intercompany receivables	298,023			942,217			164,920			(1,402,332		)	2,828
Other	2,482			—			47,153			—			49,635
Inventories	97,238			218,093			398,951			(8,873		)	705,409
Deferred income taxes	(1,699		)	24,280			(1,791		)	2,262			23,052
Prepaid expenses and other	118,915			9,630			29,952			1,467			159,964
Total current assets	558,267			1,301,712			1,045,772			(1,407,476		)	1,498,275
Property, plant and equipment, net	66,352			46,658			203,302			—			316,312
Long-term intercompany receivables	106,874			84,530			32,042			(223,446		)	—
Deferred charges and other	11,247			1,954			16,123			—			29,324
Goodwill	67,722			438,864			927,381			—			1,433,967
Intangible assets, net	509,746			756,384			904,522			—			2,170,652
Debt issuance costs	72,696			—			2,065			—			74,761
Investments in subsidiaries	3,930,636			2,358,179			445			(6,289,260		)	—
Total assets	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	7,065		$	1,313		$	21,073		$	—		$	29,451
Accounts payable	76,538			63,412			249,639			—			389,589
Intercompany accounts payable	968,306			364,862			(135,962		)	(1,197,206		)	—
Accrued liabilities:
Wages and benefits	9,648			7,499			41,319			—			58,466
Income taxes payable	546			(5		)	27,355			—			27,896
Accrued interest	61,258			—			227			—			61,485
Other	22,323			30,452			81,219			—			133,994
Total current liabilities	1,145,684			467,533			284,870			(1,197,206		)	700,881
Long-term debt, net of current maturities	3,109,559			2,903			116,962			—			3,229,424
Intercompany long-term debt	—			345,460			81,642			(427,102		)	—
Employee benefit obligations, net of current portion	26,450			—			73,138			—			99,588
Deferred income taxes	63,451			241,631			203,937			—			509,019
Other	19,348			118			12,924			—			32,390
Total liabilities	4,364,492			1,057,645			773,473			(1,624,308		)	4,571,302
Shareholders’ equity:
Other capital	1,383,601			3,220,488			2,214,589			(5,442,136		)	1,376,542
Accumulated (deficit) retained earnings	(423,784		)	689,381			118,494			(807,875		)	(423,784		)
Accumulated other comprehensive loss	(50,208		)	(33,406		)	(29,077		)	62,483			(50,208		)
Total shareholders’ equity	909,609			3,876,463			2,304,006			(6,187,528		)	902,550
Non-controlling interest	49,439			54,173			54,173			(108,346		)	49,439
Total equity	959,048			3,930,636			2,358,179			(6,295,874		)	951,989
Total liabilities and shareholders’ equity	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291

32

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

September 30, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	6,729		$	13,302		$	137,841		$	—		$	157,872
Receivables:
Trade accounts receivables, net of allowances	51,991			87,382			195,928			—			335,301
Intercompany receivables	242,449			961,195			332,975			(1,534,668		)	1,951
Other	1,705			6,639			29,772			—			38,116
Inventories	87,482			174,254			197,467			(6,570		)	452,633
Deferred income taxes	(5,545		)	23,766			8,276			1,646			28,143
Prepaid expenses and other	16,534			4,721			28,022			(4		)	49,273
Total current assets	401,345			1,271,259			930,281			(1,539,596		)	1,063,289
Property, plant and equipment, net	61,246			47,633			105,138			—			214,017
Long term intercompany receivables	103,358			110,076			73,731			(287,165		)	—
Deferred charges and other	9,094			1,920			16,697			—			27,711
Goodwill	67,722			438,864			187,659			—			694,245
Intangible assets, net	514,968			777,220			422,741			—			1,714,929
Debt issuance costs	39,320			—			—			—			39,320
Investments in subsidiaries	2,678,029			1,120,830			445			(3,799,304		)	—
Total assets	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	3,939		$	1,667		$	10,808		$	—		$	16,414
Accounts payable	79,522			107,065			138,436			—			325,023
Intercompany accounts payable	993,646			321,210			20,261			(1,335,117		)	—
Accrued liabilities:
Wages and benefits	21,682			18,158			42,279			—			82,119
Income taxes payable	(96		)	64			30,304			—			30,272
Accrued interest	30,427			—			46			—			30,473
Other	20,331			38,366			65,900			—			124,597
Total current liabilities	1,149,451			486,530			308,034			(1,335,117		)	608,898
Long-term debt, net of current maturities	1,622,060			3,259			27,567			—			1,652,886
Long-term intercompany debt	—			376,754			109,966			(486,720		)	—
Employee benefit obligations, net of current portion	24,560			—			65,434			—			89,994
Deferred income taxes	64,727			222,994			89,744			—			377,465
Other	16,225			236			15,117			—			31,578
Total liabilities	2,877,023			1,089,773			615,862			(1,821,837		)	2,760,821
Shareholders’ equity:
Other equity	1,365,315			2,089,602			1,078,928			(3,173,899		)	1,359,946
Accumulated (deficit) retained earnings	(333,821		)	606,196			55,262			(661,458		)	(333,821		)
Accumulated other comprehensive (deficit) income	(33,435		)	(17,769		)	(13,360		)	31,129			(33,435		)
Total shareholders’ equity (deficit)	998,059			2,678,029			1,120,830			(3,804,228		)	992,690
Total liabilities and shareholders’ equity	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511

33

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	130,097		$	290,154		$	802,963	$	(235,458	)	$	987,756
Cost of goods sold	93,825			196,155			606,450		(234,177		)	662,253
Restructuring and related charges	—			961			1,638		—			2,599
Gross profit	36,272			93,038			194,875		(1,281		)	322,904
Operating expenses:
Selling	18,736			36,857			115,715		(286		)	171,022
General and administrative	19,369			19,951			30,644		11			69,975
Research and development	4,214			2,672			4,974		—			11,860
Acquisition and integration related charges	7,826			1,410			2,763		—			11,999
Restructuring and related charges	111			2,222			2,971		—			5,304
	50,256			63,112			157,067		(275		)	270,160
Operating income	(13,984		)	29,926			37,808		(1,006		)	52,744
Interest expense	54,618			848			4,887		2			60,355
Other (income) expense, net	(38,414		)	(19,320		)	3,686		57,814			3,766
(Loss) income from continuing operations before income taxes	(30,188		)	48,398			29,235		(58,822		)	(11,377		)
Income tax expense	10,335			11,685			7,395		(269		)	29,146
Net (loss) income	(40,523		)	36,713			21,840		(58,553		)	(40,523		)
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	(40,786	)	$	36,450		$	21,577	$	(58,027	)	$	(40,786	)

34

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(40,523	)	$	36,713		$	21,840		$	(58,553	)	$	(40,523	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(20,423		)	(20,494		)	(20,515		)	41,009			(20,423		)
Unrealized gain on derivative instruments	832			1,949			1,949			(3,898		)	832
Defined benefit pension loss	(150		)	(150		)	(150		)	300			(150		)
Other comprehensive (loss) income	(19,741		)	(18,695		)	(18,716		)	37,411			(19,741		)
Comprehensive (loss) income	(60,264		)	18,018			3,124			(21,142		)	(60,264		)
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	(60,527		)	17,755			2,861			(20,616		)	(60,527		)

35

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	137,940		$	298,347		$	354,108		$	(44,110	)	$	746,285
Cost of goods sold	101,967			203,319			222,646			(43,338		)	484,594
Restructuring and related charges	—			1,206			454			—			1,660
Gross profit	35,973			93,822			131,008			(772		)	260,031
Operating expenses:
Selling	17,675			41,291			71,185			(239		)	129,912
General and administrative	16,751			21,361			18,222			4			56,338
Research and development	4,609			2,439			910			—			7,958
Acquisition and integration related charges	987			4,275			2,489			—			7,751
Restructuring and related charges	660			1,716			233			—			2,609
	40,682			71,082			93,039			(235		)	204,568
Operating (loss) income	(4,709		)	22,740			37,969			(537		)	55,463
Interest expense	64,582			1,162			3,524			5			69,273
Other (income) expense, net	(37,456		)	(31,849		)	(1,274		)	68,387			(2,192		)
(Loss) income from continuing operations before income taxes	(31,835		)	53,427			35,719			(68,929		)	(11,618		)
Income tax (benefit) expense	(3,460		)	13,448			7,400			(555		)	16,833
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)

36

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)
Other comprehensive income, net of tax:
Foreign currency translation	18,539			18,599			19,086			(37,685		)	18,539
Unrealized loss on derivative instruments	(1,226		)	(2,297		)	(2,297		)	4,594			(1,226		)
Defined benefit pension gain (loss)	199			4,536			(79		)	(4,457		)	199
Other comprehensive income	17,512			20,838			16,710			(37,548		)	17,512
Comprehensive (loss) income	(10,863		)	60,817			45,029			(105,922		)	(10,939		)

37

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	327,854		$	523,659		$	1,385,136		$	(378,625	)	$	1,858,024
Cost of goods sold	236,795			363,562			1,018,787			(375,865		)	1,243,279
Restructuring and related charges	—			1,579			2,106			—			3,685
Gross profit	91,059			158,518			364,243			(2,760		)	611,060
Operating expenses:
Selling	39,203			69,584			191,453			(457		)	299,783
General and administrative	34,736			36,554			54,711			20			126,021
Research and development	8,524			4,934			6,573			—			20,031
Acquisition and integration related charges	26,805			2,664			3,342			—			32,811
Restructuring and related charges	462			6,339			4,005			—			10,806
	109,730			120,075			260,084			(437		)	489,452
Operating (loss) income	(18,671		)	38,443			104,159			(2,323		)	121,608
Interest expense	113,122			2,150			8,859			4			124,135
Other (income) expense, net	(83,331		)	(67,197		)	4,817			151,039			5,328
(Loss) income from continuing operations before income taxes	(48,462		)	103,490			90,483			(153,366		)	(7,855		)
Income tax (benefit) expense	(848		)	18,440			22,783			(616		)	39,759
Net (loss) income	(47,614		)	85,050			67,700			(152,750		)	(47,614		)
Less: Net loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Net (loss) income attributable to controlling interest	$	(47,359	)	$	85,305		$	67,955		$	(153,260	)	$	(47,359	)

38

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(47,614	)	$	85,050		$	67,700		$	(152,750	)	$	(47,614	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(17,555		)	(17,623		)	(17,704		)	35,327			(17,555		)
Unrealized gain on derivative instruments	1,078			2,282			2,282			(4,564		)	1,078
Defined benefit pension loss	(296		)	(295		)	(295		)	590			(296		)
Other comprehensive (loss) income	(16,773		)	(15,636		)	(15,717		)	31,353			(16,773		)
Comprehensive (loss) income	(64,387		)	69,414			51,983			(121,397		)	(64,387		)
Less: Comprehensive loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Comprehensive (loss) income attributable to controlling interest	(64,132		)	69,669			52,238			(121,907		)	(64,132		)

39

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	339,938		$	553,892		$	785,565		$	(84,339	)	$	1,595,056
Cost of goods sold	245,005			394,329			488,195			(82,795		)	1,044,734
Restructuring and related charges	—			2,791			3,474			—			6,265
Gross profit	94,933			156,772			293,896			(1,544		)	544,057
Operating expenses:
Selling	37,755			75,634			148,753			(471		)	261,671
General and administrative	31,191			37,447			38,125			4			106,767
Research and development	8,600			4,699			1,894			—			15,193
Acquisition and integration related charges	6,309			5,928			3,114			—			15,351
Restructuring and related charges	1,456			3,161			1,112			—			5,729
	85,311			126,869			192,998			(467		)	404,711
Operating income	9,622			29,903			100,898			(1,077		)	139,346
Interest expense	101,053			2,359			7,070			1			110,483
Other (income) expense, net	(84,981		)	(69,672		)	(45		)	154,699			1
(Loss) income from continuing operations before income taxes	(6,450		)	97,216			93,873			(155,777		)	28,862
Income tax expense	8,031			16,185			20,242			(315		)	44,143
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)

40

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)
Other comprehensive income, net of tax:
Foreign currency translation	3,610			3,895			4,672			(8,567		)	3,610
Unrealized gain (loss) on derivative instruments	895			(503		)	(503		)	1,006			895
Defined benefit pension gain	502			4,839			223			(5,062		)	502
Other comprehensive income	5,007			8,231			4,392			(12,623		)	5,007
Comprehensive (loss) income	(9,474		)	89,262			78,023			(168,085		)	(10,274		)

41

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(366,560	)	$	217,161		$	46,214		$	(94,634	)	$	(197,819	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(9,442		)	(3,542		)	(7,687		)	—			(20,671		)
Acquisition of Shaser, net of cash acquired	—			—			(23,919		)	—			(23,919		)
Acquisition of the HHI Business, net of cash acquired	—			(1,266,120		)	—			—			(1,266,120		)
Escrow payment - TLM Taiwan acquisition	(100,000		)	—			—			—			(100,000		)
Other investing activities	3			(7		)	36			—			32
Net cash used by investing activities	(109,439		)	(1,269,669		)	(31,570		)	—			(1,410,678		)
Cash flows from financing activities:
Proceeds from issuance of Term Loan	700,000			—			92,000			—			792,000
Proceeds from issuance of 6.375% Notes	520,000			—			—			—			520,000
Proceeds from issuance of 6.625% Notes	570,000			—			—			—			570,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(372,172		)	—			—			—			(372,172		)
Debt issuance costs	(42,027		)	—			(2,136		)	—			(44,163		)
Other debt financing, net	—			—			4,125			—			4,125
Reduction of other debt	—			—			(1,486		)	—			(1,486		)
ABL revolving credit facility, net	76,500			—			—			—			76,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(42,604		)	—			—			—			(42,604		)
Advances related to intercompany transactions	(967,945		)	1,042,811			(169,500		)	94,634			—
Net cash provided (used) by financing activities	470,314			1,042,811			(76,997		)	94,634			1,530,762
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,836		)	—			(1,836		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(913		)	—			(913		)
Net (decrease) increase in cash and cash equivalents	(5,685		)	(9,697		)	(65,102		)	—			(80,484		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	1,044		$	3,605		$	72,739		$	—		$	77,388

42

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(27,616		)	236,366			53,143			(416,697		)	(154,804		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(6,982		)	(5,597		)	(6,011		)	—			(18,590		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	—			(111		)	(1,852		)	—			(1,963		)
Net cash used by investing activities	(6,982		)	(188,848		)	(7,863		)	—			(203,693		)
Cash flows from financing activities:
Proceeds from 6.75% Notes	300,000			—			—			—			300,000
Payment of 12% Notes, including tender and call premium	(270,431		)	—			—			—			(270,431		)
Proceeds from new 9.5% Notes, including premium	217,000			—			—			—			217,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(2,727		)	—			—			—			(2,727		)
Debt issuance costs	(9,941		)	—			—			—			(9,941		)
Other debt financing, net	—			—			11,866			—			11,866
Reduction of other debt	(25,000		)	—			(1,371		)	—			(26,371		)
ABL revolving credit facility, net	50,000			—			—			—			50,000
Other financing activities	—			(954		)	—			—			(954		)
Proceeds from (advances related to) intercompany transactions	(223,888		)	(53,037		)	(139,772		)	416,697			—
Net cash provided (used) by financing activities	35,013			(53,991		)	(129,277		)	416,697			268,442
Effect of exchange rate changes on cash and cash equivalents	—			—			(671		)	—			(671		)
Net (decrease) increase in cash and cash equivalents	415			(6,473		)	(84,668		)	—			(90,726		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,316		$	48,908		$	—		$	51,688

43

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Introduction

Spectrum Brands, Inc., a Delaware corporation (“Spectrum Brands” or the “Company”), is a global branded consumer products company. Spectrum Brands, Inc., is a wholly owned subsidiary of Spectrum Brands Holdings, Inc. ("SB Holdings"). SB Holdings' common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB.”

Unless the context indicates otherwise, the terms the “Company,” “Spectrum,” “we,” “our” or “us” are used to refer to SB Holdings and its subsidiaries.

On December 17, 2012, we acquired the residential hardware and home improvement business (the “HHI Business”) from Stanley Black & Decker, Inc. (“Stanley Black & Decker”), which includes (i) the equity interests of certain subsidiaries of Stanley Black & Decker engaged in the business and (ii) certain assets of Stanley Black & Decker used or held for use in connection with the business (the “Hardware Acquisition”). On April 8, 2013, we completed the acquisition of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation ("TLM Taiwan”), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 14, “Acquisitions” of Notes to Condensed Consolidated Financial Statements (Unaudited), included in this Quarterly Report on Form 10-Q.

Business Overview

We manufacture and market alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies. We design and market rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. We also design, market and distribute a broad range of branded small household appliances and personal care products. Our manufacturing and product development facilities are located in the United States ("U.S."), Europe, Latin America and Asia. Substantially all of our rechargeable batteries, chargers and portable lighting products, shaving and grooming products, small household appliances and personal care products are manufactured by third-party suppliers, primarily located in Asia.

With the addition of the HHI Business, we design, market, distribute and sell certain hardware, home improvement and plumbing products, and are a leading U.S. provider of residential locksets and builders' hardware and a leading provider of faucets. The HHI Business has a broad portfolio of recognized brands names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. HHI Business customers include retailers, non-retailers and homebuilders. The HHI Business has sales offices, manufacturing facilities and distribution centers in the U.S., Canada, Mexico and Asia.

We sell our products in approximately 140 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers (“OEMs”) and enjoy strong name recognition in our markets under the Rayovac, VARTA and Remington brands, each of which has been in existence for more than 80 years, and under the Tetra, 8-in-1, Dingo, Nature's Miracle, Spectracide, Cutter, Hot Shot, Black & Decker, George Foreman, Russell Hobbs, Farberware, Black Flag, FURminator, the previously mentioned HHI Business brands and various other brands.

Our diversified global branded consumer products have positions in seven major product categories: consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; home and garden controls; and hardware and home improvement, which consists of the recently acquired HHI Business.

Our chief operating decision-maker manages the businesses in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of our worldwide battery, electric shaving and grooming, electric personal care, and small appliances primarily in the kitchen and home product categories (“Global Batteries & Appliances”); (ii) Global Pet Supplies, which consists of our worldwide pet supplies business (“Global Pet Supplies”); (iii) Home and Garden Business, which consists of our home and garden and insect control business (the “Home and Garden Business”); and (iv) Hardware & Home Improvement, which consists of the recently acquired HHI Business (“Hardware & Home Improvement”). Management reviews our performance based on these segments. For information pertaining to our business segments, see Note 11, “Segment Results” of Notes to Condensed Consolidated Financial Statements (Unaudited), included in this Quarterly Report on Form 10-Q.

Global and geographic strategic initiatives and financial objectives are determined at the corporate level. Each business segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a general manager responsible for sales and marketing initiatives and the financial results for all product lines within that business segment.

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Our operating performance is influenced by a number of factors including: general economic conditions; foreign exchange fluctuations; trends in consumer markets; consumer confidence and preferences; our overall product line mix, including pricing and gross margin, which vary by product line and geographic market; pricing of certain raw materials and commodities; energy and fuel prices; and our general competitive position, especially as impacted by our competitors’ advertising and promotional activities and pricing strategies.

Results of Operations

Fiscal Quarter and Fiscal Six Months Ended March 31, 2013 Compared to Fiscal Quarter and Fiscal Six Months Ended April 1, 2012

In this Quarterly Report on Form 10-Q we refer to the three month period ended March 31, 2013 as the “Fiscal 2013 Quarter,” the six month period ended March 31, 2013 as the “Fiscal 2013 Six Months,” the three month period ended April 1, 2012 as the “Fiscal 2012 Quarter,” and the six month period ended April 1, 2012 as the “Fiscal 2012 Six Months.”

Net Sales. Net sales for the Fiscal 2013 Quarterincreased$242 million to $988 million from $746 million in the Fiscal 2012 Quarter, a 32%increase. The following table details the principal components of the change in net sales from the Fiscal 2012 Quarter to the Fiscal 2013 Quarter (in millions):

	Net Sales
Fiscal 2012 Quarter Net Sales	$	746
Addition of hardware and home improvement products	257
Increase in pet supplies	5
Increase in electric personal care products	1
Decrease in electric shaving and grooming products	(3		)
Decrease in consumer batteries	(3		)
Decrease in small appliances	(4		)
Decrease in home and garden control products	(8		)
Foreign currency impact, net	(3		)
Fiscal 2013 Quarter Net Sales	$	988

Net sales for the Fiscal 2013 Six Monthsincreased$263 million to $1,858 million from $1,595 million in the Fiscal 2012 Six Months, a 16%increase. The following table details the principal components of the change in net sales from the Fiscal 2012 Six Months to the Fiscal 2013 Six Months (in millions):

	Net Sales
Fiscal 2012 Six Months Net Sales	$	1,595
Addition of hardware and home improvement products	290
Increase in pet supplies	11
Increase in consumer batteries	4
Increase in electric personal care products	2
Decrease in home and garden control products	(1		)
Decrease in electric shaving and grooming products	(5		)
Decrease in small appliances	(28		)
Foreign currency impact, net	(10		)
Fiscal 2013 Six Months Net Sales	$	1,858

Consolidated net sales by product line for the Fiscal 2013 Quarter, the Fiscal 2012 Quarter, the Fiscal 2013 Six Months and the Fiscal 2012 Six Months are as follows (in millions):

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	Fiscal Quarter				Fiscal Six Months
	2013		2012		2013		2012
Product line net sales
Consumer batteries	$	200	$	205	$	471	$	473
Small appliances	155		159		375		403
Pet supplies	160		156		300		291
Home and garden control products	102		110		133		134
Electric personal care products	61		60		143		142
Electric shaving and grooming products	53		56		146		152
Hardware and home improvement products	257		—		290		—
Total net sales to external customers	$	988	$	746	$	1,858	$	1,595

Global consumer battery sales decreased $5 million, or 2%, during the Fiscal 2013 Quarter versus the Fiscal 2012 Quarter. Excluding the negative foreign exchange impacts of $2 million, global consumer battery sales decreased $3 million, or 1%. The decline in global consumer battery sales on a constant currency basis was driven by inventory management at key vendors, tempered by new customer listings and promotions, expanded placements at a key customer and successful new product launches. Global consumer battery sales decreased $2 million, or less than 1%, during the Fiscal 2013 Six Months compared to the Fiscal 2012 Six Months. Excluding the impact of negative foreign exchange of $6 million, global consumer battery sales increased $4 million, or 1%. The constant currency increase in global consumer battery sales was primarily attributable to new customer listings and promotions, geographic expansion in Eastern Europe and increased portable lighting sales due to successful new product offerings and severe weather in the U.S., tempered by the inventory management at key venders discussed above for the Fiscal 2013 Quarter.

Small appliance sales decreased$4 million, or 3%, during the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter, driven by decreased North American sales of $10 million, partially offset by increased European and Latin American sales of $6 million and $1 million, respectively. Foreign exchange negatively impacted small appliance sales by $1 million. Decreased North American sales were attributable to the exit of low margin products, which drove an overall increase in profitability as a percentage of net sales for the product line. The increase in European sales was driven by market share gains in the United Kingdom and regional expansion in both Eastern and Western Europe. Gains within Latin America were driven by increased food preparation and other home appliance sales, tempered by a reduction in sales to customers who export to Venezuela in response to increased challenges to obtain U.S. dollar payments for goods. Small appliances sales decreased $28 million, or 7%, during the Fiscal 2013 Six Months versus the Fiscal 2012 Six Months, primarily attributable to declines in North American and Latin American sales of $36 million and $2 million, respectively, partially offset by a $10 million increase in European small appliance sales. The North American and European sales fluctuations were driven by the same factors mentioned above for the Fiscal 2013 Quarter. The decline in Latin American small appliance sales was driven by the previously mentioned reduction in sales to customers who export to Venezuela.

Pet supply sales increased$4 million, or 2%, during the Fiscal 2013 Quarter, attributable to increased companion animal sales of $7 million, tempered by decreased aquatics sales of $2 million and $1 million in negative foreign currency exchange impacts. Gains in companion animal sales were driven by growth in the Dingo brand and increased litter pan sales in North America and Europe. The slight decline in aquatics sales resulted from record cold temperatures in Europe which drove down nutrition and water care product sales related to outdoor ponds, partially offset by increased aquarium starter kits and systems sales in North America. Pet supply sales increased$9 million, or 3%, during the Fiscal 2013 Six Months versus the Fiscal 2012 Six Months, primarily attributable to increased companion animal sales of $14 million, driven by the factors discussed above for the Fiscal 2013 Quarter, coupled with the inclusion of sales of FURminator for the full period, as the acquisition of FURminator was completed on December 22, 2011. Increased companion animal sales for the Fiscal 2013 Six Months were tempered by lower aquatics sales of $2 million, driven by the factors discussed above for the Fiscal 2013 Quarter. Foreign exchange negatively impacted pet supply sales in the Fiscal 2013 Six Months by $3 million.

Home and garden control product sales decreased$8 million, or 7%, during the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter, driven by lower lawn and garden sales of $7 million and a slight decline in household insect control sales. This was the result of unseasonably cold weather in the U.S. during the Fiscal 2013 Quarter compared to near record warm weather in the U.S. during the Fiscal 2012 Quarter. Home and garden product sales decreased$1 million, or 1%, in the Fiscal 2013 Six Months versus the Fiscal 2012 Six Months, also attributable to the cold U.S. weather experienced in the Fiscal 2013 Quarter, tempered by gains in the first quarter of the fiscal year ended September 30, 2013 ("Fiscal 2013") from new retail

46

distribution, inclusion of Black Flag sales for the full period, as the acquisition was completed on October 31, 2011, and retail replenishment following strong retail sales in the fourth quarter of the fiscal year ended September 30, 2012 ("Fiscal 2012").

Electric personal care sales increased$1 million, or 2%, during the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter driven by increases in North America and Latin America resulting from distribution gains and successful new product launches. Electric personal care sales increased$1 million, or 1%, in the Fiscal 2013 Six Months versus the Fiscal 2012 Six Months, primarily attributable to sales increases of $1 million in both Europe and North America, tempered by $1 million negative foreign exchange impacts. The increases were driven by successful promotional activities related to new product launches and customer gains in Europe, as well as the factors described above for the Fiscal 2013 Quarter.

During the Fiscal 2013 Quarter, electric shaving and grooming product sales decreased$3 million, or 5%, driven by a $3 million decrease in North American sales, slight sales declines in Latin America and negative foreign exchange. The declines were partially offset by a $1 million increase in European sales. The declines in North American sales were due to decreased retail space available for the product category at a major retailer and the timing of shipments; whereas, European sales gains were driven by successful new product launches. Electric shaving and grooming product sales decreased$6 million, or 4%, during the Fiscal 2013 Six Months compared to the Fiscal 2012 Six Months, attributable to a $7 million decline in North American sales and $1 million of negative foreign currency impacts, partially offset by a $2 million increase in European sales. North American sales declines were driven by labor disruptions at U.S. ports of entry during the peak holiday period coupled with the factors discussed above for the Fiscal 2013 Quarter, while European sales gains were driven by successful new product launches, promotions and customer gains.

Hardware and home improvement sales were $257 million during the Fiscal 2013 Quarter and $290 million for the Fiscal 2013 Six Months, reflecting the results of the HHI Business subsequent to the acquisition on December 17, 2012.

Gross Profit. Gross profit for the Fiscal 2013 Quarter was $323 million versus $260 million for the Fiscal 2012 Quarter. Our gross profit margin for the Fiscal 2013 Quarter decreased to 32.7% from 34.8% in the Fiscal 2012 Quarter. The HHI Business contributed $64 million in Gross profit. The decrease in gross profit margin was driven by a $26 million increase to cost of goods sold due to the sale of inventory which was revalued in connection with the acquisition of the HHI Business, which more than offset improvements to gross profit resulting from the exit of low margin products in our small appliances category.

Gross profit for the Fiscal 2013 Six Months was $611 million versus $544 million for the Fiscal 2012 Six Months. Our gross profit margin for the Fiscal 2013 Six Months decreased to 32.9% from 34.1% in the Fiscal 2012 Six Months. The HHI Business contributed $68 million in Gross profit. The decrease in gross profit margin was driven by a $31 million increase to cost of goods sold due to the sale of inventory which was revalued in connection with the acquisition of the HHI Business, which more than offset improvements to gross profit resulting from the exit of low margin products in our small appliances category.

Operating Expense. Operating expenses for the Fiscal 2013 Quarter totaled $270 million compared to $205 million for the Fiscal 2012 Quarter, representing an increase of $65 million. The increase in operating expenses during the Fiscal 2013 Quarter is primarily attributable to the acquisition of the HHI Business which accounted for $58 million in operating expenses and led to a $4 million increase in Acquisition and integration related charges. Furthermore, we incurred a $3 million increase in Restructuring and related charges and an increase in stock compensation expense of $4 million, tempered by positive foreign exchange impacts of $2 million.

Operating expenses for the Fiscal 2013 Six Months totaled $491 million compared to $405 million for the Fiscal 2012 Six Months. The $86 million increase in operating expenses during the Fiscal 2013 Six Months is primarily attributable to the acquisition of the HHI Business which accounted for $65 million in operating expenses and led to a $17 million increase in Acquisition and integration related charges. Furthermore, we incurred a $5 million increase in Restructuring and related charges and an increase in stock compensation expense of $3 million, tempered by positive foreign exchange impacts of $4 million.

See “Acquisition and Integration Related Charges” below, as well as Note 2, "Significant Accounting Policies—Acquisition and Integration Related Charges," to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding our Acquisition and integration related charges.

Segment Results. As discussed above, we manage our business in four reportable segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; (iii) our Home and Garden Business; and (iv) Hardware & Home Improvement.

The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, interest expense, interest income and income tax expense. Corporate expenses primarily include general and

47

administrative expenses and global long-term incentive compensation plans which are evaluated on a consolidated basis and not allocated to our operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are allocated to operating segments or corporate expense according to the function of each cost center.

All capital expenditures are related to operating segments. Variable allocations of assets are not made for segment reporting.

Financial information pertaining to our reportable segments is contained in Note 12, “Segment Results,” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") is a metric used by management and frequently used by the financial community which provides insight into an organization’s operating trends and facilitates comparisons between peer companies, since interest, taxes, depreciation and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies. Adjusted EBITDA can also be a useful measure of a company’s ability to service debt and is one of the measures used for determining our debt covenant compliance. Adjusted EBITDA excludes certain items that are unusual in nature or not comparable from period to period. While we believe that Adjusted EBITDA is useful supplemental information, such adjusted results are not intended to replace our Generally Accepted Accounting Principles’ (“GAAP”) financial results and should be read in conjunction with those GAAP results.

Below are reconciliations of GAAP Net income (loss), as adjusted, to Adjusted Earnings Before Interest and Taxes ("EBIT") and to Adjusted EBITDA for each segment and for Consolidated SB Holdings for the Fiscal 2013 Quarter, the Fiscal 2013 Six Months, the Fiscal 2012 Quarter and the Fiscal 2012 Six Months:

Fiscal 2013 Quarter	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Hardware & Home Improvement		Corporate / Unallocated Items(a)			Consolidated Spectrum Brands
	(in millions)
Net income (loss), as adjusted (a)	$	34	$	16	$	21	$	1	$	(113	)	$	(41	)
Income tax expense	—		—		—		—		29			29
Interest expense	—		—		—		—		60			60
Acquisition and integration related charges	2		—		—		3		7			12
Restructuring and related charges	2		3		—		3		—			8
HHI Business inventory fair value adjustment	—						26		—			26
Venezuela devaluation	2		—		—		—		—			2
Adjusted EBIT	$	40	$	19	$	21	$	33	$	(17	)	$	96
Depreciation and amortization (b)	17		8		3		8		11			47
Adjusted EBITDA	$	57	$	27	$	24	$	41	$	(6	)	$	143

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Fiscal 2013 Six Months	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Hardware & Home Improvement			Corporate / Unallocated Items(a)			Consolidated Spectrum Brands
	(in millions)
Net income (loss), as adjusted (a)	$	127	$	27	$	15	$	(3	)	$	(214	)	$	(48	)
Pre-acquisition earnings of HHI	—		—		—		30			—			30
Income tax expense	—		—		—		—			40			40
Interest expense	—		—		—		—			124			124
Acquisition and integration related charges	3		1		—		3			26			33
Restructuring and related charges	3		8		1		3			—			15
HHI Business inventory fair value adjustment	—		—		—		31			—			31
Venezuela devaluation	2		—		—		—			—			2
Adjusted EBIT	$	135	$	36	$	16	$	64		$	(24	)	$	227
Depreciation and amortization (b)	33		15		6		10			13			77
Adjusted EBITDA	$	168	$	51	$	22	$	74		$	(11	)	$	304

Fiscal 2012 Quarter	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Hardware & Home Improvement		Corporate / Unallocated Items(a)			Consolidated Spectrum Brands
	(in millions)
Net income (loss), as adjusted (a)	$	35	$	15	$	21	$	—	$	(100	)	$	(29	)
Pre-acquisition earnings of HHI	—		—		—		37		—			37
Income tax expense	—		—		—		—		17			17
Interest expense	—		—		—		—		69			69
Restructuring and related charges	1		2		1		—		—			4
Acquisition and integration related charges	5		2		—		—		1			8
Adjusted EBIT	$	41	$	19	$	22	$	37	$	(13	)	$	106
Depreciation and amortization (b)	16		7		3		—		7			33
Adjusted EBITDA	$	57	$	26	$	25	$	37	$	(6	)	$	139

Fiscal 2012 Six Months	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Hardware & Home Improvement		Corporate / Unallocated Items(a)			Consolidated Spectrum Brands
	(in millions)
Net income (loss), as adjusted (a)	$	126	$	28	$	14	$	—	$	(184	)	$	(16	)
Pre-acquisition earnings of HHI	—		—		—		78		—			78
Income tax expense	—		—		—		—		44			44
Interest expense	—		—		—		—		110			110
Restructuring and related charges	5		5		1		—		1			12
Acquisition and integration related charges	8		2		1		—		5			16
Adjusted EBIT	$	139	$	35	$	16	$	78	$	(24	)	$	244
Depreciation and amortization (b)	31		13		6		—		11			61
Adjusted EBITDA	$	170	$	48	$	22	$	78	$	(13	)	$	305

 ______________________________

(a) It is our policy to record Income tax expense and interest expense on a consolidated basis. Accordingly, such amounts are not reflected in the operating results of the operating segments and are presented within Corporate / Unallocated Items.

(b) Included within depreciation and amortization is amortization of unearned restricted stock compensation.

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Global Batteries & Appliances

	Fiscal Quarter						Fiscal Six Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	469		$	480		$	1,135		$	1,169
Segment profit	$	41		$	40		$	137		$	139
Segment profit as a % of net sales	8.8		%	8.4		%	12.1		%	11.9		%
Segment Adjusted EBITDA	$	57		$	57		$	168		$	170
Assets as of March 31, 2013 and September 30, 2012	$	2,249		$	2,243		$	2,249		$	2,243

Segment net sales to external customers in the Fiscal 2013 Quarter decreased $11 million to $469 million from $480 million during the Fiscal 2012 Quarter, a 2% decrease. Global Batteries & Appliances sales declines were attributable to decreases of $4 million in small appliances and $3 million within each of the consumer batteries and electric shaving and grooming product categories, coupled with $3 million of negative foreign exchange impacts. The declines were partially offset by a $1 million increase in electric personal care sales. The decline in global consumer battery sales on a constant currency basis was driven by inventory management at key vendors, partially offset by new customer listings and promotions, expanded product placements at a key customer and successful new products. In small appliances, North American sales declines of $10 million more than offset gains of $6 million and $1 million in Europe and Latin America, respectively. The decrease in North American sales resulted from management initiatives to exit low margin products, driving an overall increase in profitability as a percentage of net sales for the product category. Gains in European small appliance sales were driven by market growth and promotional activities in the United Kingdom; whereas, Latin America small appliance sales gains were attributable to stronger food preparation and other home appliance sales, tempered by a reduction in sales to customers which export to Venezuela in response to increased challenges to obtain U.S. dollar payment for goods. Electric shaving and grooming sales decreased $3 million, attributable to a decrease of $3 million in North America primarily due to decreased retail space available for the product category at a major customer and the timing of shipments, coupled with slight declines in Latin America. These sales decreases were partially offset by a $1 million increase in electric shaving and grooming sales in Europe due to successful new product launches. Electric personal care sales increased $1 million in the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter, driven by increases in North America and Latin America resulting from distribution gains and successful new product launches.

Segment net sales to external customers in the Fiscal 2013 Six Months decreased $34 million to $1,135 million from $1,169 million during the Fiscal 2012 Six Months, a 3% decrease, driven by a $28 million decrease in small appliance sales, a $5 million decrease in electric shaving and grooming sales and $7 million of negative foreign exchange impacts. These declines were partially offset by increases of $4 million and $2 million in consumer batteries and electric personal care sales, respectively. The decline in small appliance sales was predominately driven by North American sales declines of $36 million and sales declines in Latin America of $2 million, partially offset by European sales gains of $10 million. The decrease in North American sales and increase in European sales were driven by the same factors discussed above for the Fiscal 2013 Quarter. The sales gains discussed above for Latin American small appliance sales were more than offset in the Fiscal 2013 Six Months by the year to date reduction in sales to customers which export to Venezuela. The $5 million decrease in electric shaving and grooming sales was attributable to a $7 million decrease in North American sales driven by labor disruptions at U.S. ports of entry during the peak holiday period coupled with the factors discussed above for the Fiscal 2013 Quarter, tempered by sales gains in Europe of $2 million resulting from successful new product launches, promotions and customer gains. Electric personal care sales increased $2 million in the Fiscal 2013 Six Months compared to the Fiscal 2012 Six Months, driven by increases of $1 million in both North America and Europe resulting from successful new product launches and customer gains in Europe. Global consumer battery sales increased $4 million in the Fiscal 2013 Six Months, driven by new customer listings and promotions, geographic expansion in Eastern Europe and increased portable lighting sales as a result of successful new product offerings and severe weather in the U.S., tempered by the declines discussed above for the Fiscal 2013 Quarter.

Segment profit in the Fiscal 2013 Quarter increased to $41 million from $40 million in the Fiscal 2012 Quarter. Segment profitability as a percentage of net sales increased to 8.8% in the Fiscal 2013 Quarter compared to 8.4% in the Fiscal 2012 Quarter. The increase in segment profit and profitability as a percent of sales was driven by the exit of low margin products in the small appliances category and other cost improvements which more than offset a decrease in sales.

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Segment profit in the Fiscal 2013 Six Months decreased to $137 million from $139 million in the Fiscal 2012 Six Months, primarily attributable to unfavorable product mix and pricing pressures in the U.S. Segment profitability as a percentage of net sales increased to 12.1% in the Fiscal 2013 Quarter versus 11.9% in the Fiscal 2012 Six Months, driven by the exit of low margin products in the small appliances category.

Segment Adjusted EBITDA in the Fiscal 2013 Quarter remained constant at $57 million, as the profitability gained from the exit of low margin products in the small appliances category was offset by a decrease in sales.

Segment Adjusted EBITDA in the Fiscal 2013 Six Months decreased slightly to $168 million from $170 million, due to the factors discussed above for the decrease in segment profit.

Segment assets at March 31, 2013 increased to $2,249 million from $2,243 million at September 30, 2012. The increase is primarily due to the acquisition of Shaser, tempered by changes in working capital. Goodwill and intangible assets, which are directly a result of the revaluation impacts of fresh-start reporting during fiscal 2009 and acquisitions, increased to $1,331 million at March 31, 2013 from $1,261 million at September 30, 2012, primarily due to the acquisition of Shaser.

Global Pet Supplies

	Fiscal Quarter						Fiscal Six Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	160		$	156		$	300		$	291
Segment profit	$	20		$	19		$	36		$	35
Segment profit as a % of net sales	12.7		%	12.3		%	12.1		%	12.1		%
Segment Adjusted EBITDA	$	27		$	26		$	51		$	48
Assets as of March 31, 2013 and September 30, 2012	$	960		$	956		$	960		$	956

Segment net sales to external customers in the Fiscal 2013 Quarter increased $4 million to $160 million compared to $156 million in the Fiscal 2012 Quarter, driven by increased companion animal sales of $7 million, tempered by a $2 million decrease in aquatics sales and negative foreign currency impacts of $1 million. Companion animal sales increases resulted from growth in the Dingo brand and increased litter pan sales in North America and Europe. In aquatic sales, stronger aquarium starter kit and systems sales in both North America and Europe were more than offset by lower aquatic nutrition and water care product sales related to outdoor ponds in Europe as a result of record cold weather in the region. Segment net sales to external customers in the Fiscal 2013 Six Months increased $9 million to $300 million compared to $291 million in the Fiscal 2012 Six Months led by increased companion animal sales of $14 million, due to the factors discussed above for the Fiscal 2013 Quarter, coupled with the inclusion of a full period of FURminator acquisition sales within companion animal for the Fiscal 2013 Six Months. The increase in companion animal sales was tempered by a $2 million decrease in aquatics sales and negative foreign currency impacts of $3 million. The decline in aquatics sales was also due to the factors discussed above for the Fiscal 2013 Quarter.

Segment profit increased to $20 million in the Fiscal 2013 Quarter compared to $19 million in the Fiscal 2012 Quarter, driven by increased sales. Segment profitability as a percentage of sales in the Fiscal 2013 Quarter increased to 12.7%, from 12.3% in Fiscal 2012 Quarter, resulting from cost improvements and operating expense reductions which offset unfavorable product mix.

Segment profit increased $1 million to $36 million in the Fiscal 2013 Six Months compared to $35 million in the Fiscal 2012 Six Months. Segment profitability as a percentage of sales in the Fiscal 2013 Six Months remained constant at 12.1%, compared to the same period last year. The increase in segment profit was driven by the same factors discussed above for the Fiscal 2013 Quarter. The improved segment profitability as a percent of sales realized in the Fiscal 2013 Quarter was tempered by increased cost of goods sold during the Fiscal 2013 Six Months resulting from unfavorable manufacturing variances driven by plant shutdowns during the fourth quarter of Fiscal 2012, keeping segment profitability as a percentage of sales constant for the period.

Segment Adjusted EBITDA in the Fiscal 2013 Quarter increased $1 million, to $27 million, from $26 million in the Fiscal 2012 Quarter. Segment Adjusted EBITDA in the Fiscal 2013 Six Months increased $3 million, to $51 million from $48

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million in the Fiscal 2012 Six Months. The increase in Adjusted EBITDA was driven by the factors discussed above for segment profit.

Segment assets at March 31, 2013 increased to $960 million from $956 million at September 30, 2012. Goodwill and intangible assets, which are substantially the result of the revaluation impacts of fresh-start reporting during fiscal 2009 and acquisitions, decreased slightly to $701 million at March 31, 2013 from $715 million at September 30, 2012.

Home and Garden Business

	Fiscal Quarter						Fiscal Six Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	102		$	110		$	133		$	134
Segment profit	$	21		$	22		$	17		$	16
Segment profit as a % of net sales	20.4		%	20.2		%	12.5		%	12.1		%
Segment Adjusted EBITDA	$	24		$	25		$	22		$	22
Assets as of March 31, 2013 and September 30, 2012	$	539		$	508		$	539		$	508

Segment net sales to external customers decreased $8 million, or 7%, during the Fiscal 2013 Quarter, to $102 million, compared to $110 million in the Fiscal 2012 Quarter, led by lower lawn and garden control sales of $7 million coupled with a slight decline in household insect control sales, resulting from unseasonably cold weather in the U.S. during the Fiscal 2013 Quarter compared to near record warm weather in the U.S. during the Fiscal 2012 Quarter. Segment net sales to external customers decreased $1 million, or 1%, during the Fiscal 2013 Six Months, to $133 million, compared to $134 million in the Fiscal 2012 Six Months, driven by a $6 million decrease in lawn and garden sales, partially offset by a $5 million increase in household insect controls. The decrease in lawn and garden sales was driven by the factors discussed above for the Fiscal 2013 Quarter. The increase in household insect control sales is attributable to retail distribution gains and the Black Flag acquisition.

Segment profitability in the Fiscal 2013 Quarter declined $1 million, to $21 million, from $22 million in the Fiscal 2012 Quarter driven by the decrease in sales for the Fiscal 2013 Quarter. Segment profitability as a percentage of sales in the Fiscal 2013 Quarter improved to 20.4%, from 20.2% in the same period last year. This improvement in segment profitability was driven by operating expense management.

Segment profitability in the Fiscal 2013 Six Months increased $1 million, to $17 million, from $16 million in the Fiscal 2012 Six Months. Segment profitability as a percentage of sales in the Fiscal 2013 Six Months improved to 12.5%, from 12.1% in the Fiscal 2012 Six Months. This improvement in segment profitability was driven by favorable product mix, cost improvements and operating expense management, which more than offset a slight decline in sales.

Segment Adjusted EBITDA was $24 million in the Fiscal 2013 Quarter, a decrease of $1 million compared to segment Adjusted EBITDA of $25 million in the Fiscal 2012 Quarter. The decrease in segment Adjusted EBITDA is attributable to decreased sales due to the cold weather previously discussed in the Fiscal 2013 Quarter.

Segment Adjusted EBITDA remained constant at $22 million in the Fiscal 2013 Six Months compared to segment Adjusted EBITDA in the Fiscal 2012 Six Months, as decreased sales due to the previously discussed cold weather in the Fisal 2013 Quarter were offset by cost and operating expense improvements.

Segment assets at March 31, 2013 increased to $539 million from $508 million at September 30, 2012. Goodwill and intangible assets, which are substantially a result of the revaluation impacts of fresh-start reporting during fiscal 2009 and acquisitions, decreased to $429 million at March 31, 2013, from $433 million at September 30, 2012, driven by amortization of intangible assets. The increase in segment assets was driven by a normal seasonal increases in inventory and accounts receivable in conjunction with the start of our major selling season.

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Hardware & Home Improvement

	Fiscal Quarter			Fiscal Six Months
	2013			2013
	(in millions)
Net sales to external customers	$	257		$	290
Segment profit	$	7		$	4
Segment profit as a % of net sales	2.6		%	1.2		%
Segment Adjusted EBITDA	$	41		$	74
Assets as of March 31, 2013	$	1,698		$	1,698

Results of the HHI Business, reported as a separate business segment, Hardware & Home Improvement, relate to operations from the acquisition date, December 17, 2012, through the end of the Fiscal 2013 Quarter.

Segment net sales to external customers were $257 million and $290 million during the Fiscal 2013 Quarter and Fiscal 2013 Six Months, respectively.

Segment profit in the Fiscal 2013 Quarter and the Fiscal 2013 Six Months was $7 million and $4 million, respectively. Segment profitability as a percentage of sales in the Fiscal 2013 Quarter and the Fiscal 2013 Six Months was 2.6% and 1.2%, respectively. Segment profit includes

Segment Adjusted EBITDA was $41 million in the Fiscal 2013 Quarter and $74 million in the Fiscal 2013 Six Months.

Segment assets at March 31, 2013 were $1,698 million. Goodwill and intangible assets were $1,144 million at March 31, 2013.

See Note 15, “Acquisitions” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding the HHI Business acquisition.

Corporate Expense.Our corporate expense was $17 million in the Fiscal 2013 Quarter compared to $14 million in the Fiscal 2012 Quarter. This increase is primarily attributable to a $4 million increase in stock based compensation expense, tempered by operating expense improvements. Corporate expense as a percentage of consolidated net sales for the Fiscal 2013 Quarter decreased to 1.7% versus 1.9% for the Fiscal 2012 Quarter, driven by increased sales as a result of the HHI Business acquisition.

Our corporate expense was $24 million in the Fiscal 2013 Six Months compared to $24 million in the Fiscal 2012 Six Months. This increase is primarily attributable to a $3 million increase in stock based compensation expense, tempered by operating expense improvements. Corporate expense as a percentage of consolidated net sales for the Fiscal 2012 Six Months decreased to 1.3% versus 1.5% for the Fiscal 2012 Six Months, driven by increased sales as a result of the HHI Business acquisition.

Acquisition and Integration Related Charges. Acquisition and integration related charges include, but are not limited to, transaction costs such as banking, legal and accounting professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses associated with our acquisitions. See Note 2, "Significant Accounting Policies - Acquisition and Integration Related Charges" for further detail regarding our Acquisition and integration related charges.

Restructuring and Related Charges. See Note 12, “Restructuring and Related Charges” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for information regarding our restructuring and related charges.

Interest Expense. Interest expense in the Fiscal 2013 Quarter was $60 million compared to $69 million in the Fiscal 2012 Quarter. The $9 million decrease in interest expense in the Fiscal 2012 Quarter is primarily related to the non-recurrence of costs incurred in connection with the replacement of our 12% Notes in the Fiscal 2012 Quarter, savings related to the refinancing of the 12% Notes and other lower debt of $3 million, offset by an increase of approximately $21 million in interest expense related to additional debt financing incurred in conjunction with the acquisition of the HHI Business. Expenses related to the replacement of our 12% Notes in the Fiscal 2012 Quarter totaled $27 million and included the following: (i) $24 million

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of cash tender and consent payments; (ii) $1 million of cash call and prepaid interest payments; and (iii) $2 million related to the write off of unamortized debt issuance costs and premium.

Interest expense in the Fiscal 2013 Six Months was $124 million compared to $110 million in the Fiscal 2012 Six Months. The increase in interest expense in the Fiscal 2013 Six Months of $14 million is primarily due to $23 million in costs incurred related to the financing of the acquisition of the HHI Business during the first quarter of Fiscal 2013, tempered by the decrease in interest expenses discussed above for the Fiscal 2013 Quarter. Expenses related to the financing included: (i) $13 million of cash costs related to bridge financing commitments; (ii) $2 million of cash costs related to a fee on the Term Loan incurred prior to the closing of the transaction; (iii) $3 million related to cash costs for underwriting, legal, accounting and other fees; and (iv) $5 million of non-cash costs for the write off of unamortized deferred financing fees and original issue discount on the former term loan facility that was refinanced in connection with the acquisition. See Note 6, “Debt,” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding our outstanding debt.

Income Taxes. Our effective tax rate for the Fiscal 2013 Quarter and the Fiscal 2013 Six Months were (256)% and (506)%, respectively. Our effective tax rate for the Fiscal 2012 Quarter and the Fiscal 2012 Six Months were (145)% and 153%, respectively. Our effective tax rates differ from the U.S. federal statutory rate of 35% principally due to: (i) losses in the U.S. and certain foreign jurisdictions for which no tax benefit can be recognized due to full valuation allowances that have been provided on our net operating loss carryforward tax benefits and other deferred tax assets; (ii) deferred income tax expense related to the change in book versus tax basis of indefinite lived intangibles, which are amortized for tax purposes but not for book purposes, and (iii) the reversal in the Fiscal 2013 Six Months of U.S. valuation allowances of $49 million on deferred tax assets as a result of the acquisition of the HHI Business and the reversal in the Fiscal 2012 Six Months of U.S. valuation allowances of $14 million on deferred tax assets as a result of the FURminator acquisition. Additionally, in the Fiscal 2013 Quarter and the Fiscal 2013 Six Months, the pretax consolidated income was close to break even, resulting in a higher effective tax rate.

In light of our plans to voluntarily pay down our U.S. debt, fund U.S. acquisitions and our ongoing U.S. operational cash flow requirements, subsequent to October 1, 2011, we are not treating current earnings as permanently reinvested, except for locations precluded by local legal restrictions from repatriating earnings. Due to the valuation allowance recorded against U.S. net deferred tax assets, including net operating loss carryforwards, we do not recognize any incremental U.S. tax expense on the expected future repatriation of foreign earnings. Should the U.S. valuation allowance be released at some future date, the U.S. tax on foreign earnings not permanently reinvested might have a material effect on our effective tax rate. For Fiscal 2013, we project approximately $4 million of additional tax expense from non-U.S. withholding and other taxes expected to be incurred on repatriation of current earnings.

As a result of the purchase of the HHI Business, we reversed $49 million of U.S. valuation allowances during the Fiscal 2013 Six Months. The reversal was attributable to a preliminary estimate of $49 million of net deferred tax liabilities recorded on the HHI opening balance sheets in purchase accounting that offset other U.S. net deferred tax assets. The determination of the final fair values associated with the assets acquired and liabilities assumed in the HHI Business acquisition could result in adjustments to the deferred tax liabilities recognized and have a material effect on the final amount of our reversal of U.S. valuation allowances recognized during the Fiscal 2013 Quarter. See Note 15, “Acquisitions” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding the preliminary deferred tax estimates.

As a result of the purchase of FURminator, we released $14 million of U.S. valuation allowance during the Fiscal 2012 Six Months. The release was attributable to $14 million of net deferred tax liabilities recorded on the FURminator opening balance sheet in purchase accounting that offset other U.S. net deferred tax assets.

As of March 31, 2013, certain of the Company's legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized.

Liquidity and Capital Resources

Operating Activities

For the Fiscal 2013 Six Months, cash used by operating activities totaled $198 million compared to cash used of $155 million during the Fiscal 2012 Six Months. The $43 million increase in cash used by operating activities was primarily due to:

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• A $70 million use of cash for working capital and other items driven by increases in accounts receivable, increases in payroll and taxes related to incentive programs, net increase from changes in other assets and liabilities, partially offset by decreases in inventory;

• Higher cash payments for acquisition and integration activities of $15 million; and

• Higher cash payments for interest of $13 million driven by the financing of the HHI Business acquisition;

These cash uses were partially offset by

• Higher Adjusted EBITDA of $47 million, excluding pre-acquisition earnings of the HHI Business and;

• Lower cash payments for restructuring of $8 million.

We expect to fund our cash requirements, including capital expenditures, interest and principal payments due in Fiscal 2013 through a combination of cash on hand and cash flows from operations and available borrowings under our ABL revolving credit facility (the "ABL Facility"). Going forward, our ability to satisfy financial and other covenants in our senior credit agreements and senior unsecured indentures and to make scheduled payments or prepayments on our debt and other financial obligations will depend on our future financial and operating performance. There can be no assurances that our business will generate sufficient cash flows from operations or that future borrowings under our ABL Facility will be available in an amount sufficient to satisfy our debt maturities or to fund our other liquidity needs.

Subsequent to October 1, 2011, we are not treating current earnings as permanently reinvested. At March 31, 2013, there are no significant foreign cash balances available for repatriation. For the remainder of Fiscal 2013, we expect to generate between $75 million and $100 million of foreign cash that will be repatriated for general corporate purposes.

See Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2012, for further discussion of the risks associated with our ability to service all of our existing indebtedness, our ability to maintain compliance with financial and other covenants related to our indebtedness and the impact of the current economic crisis.

Investing Activities

Net cash used by investing activities was $1,411 million for the Fiscal 2013 Six Months compared to $204 million for the Fiscal 2012 Six Months. The $1,207 million increase in cash used by investing activities in the Fiscal 2013 Six Months is driven by an increase in cash used for acquisitions of $1,107 million, which related to the $1,266 million purchase, net of cash acquired, of the HHI Business, and the $24 million purchase, net of cash acquired, of Shaser, versus the $139 million, net of cash acquired, purchase of FURminator and the $44 million acquisition of Black Flag in the Fiscal 2012 Six Months. The remaining $100 million increase in cash used by investing activities relates to a $100 million escrow payment for the future acquisition of TLM Taiwan, which closed on April 8, 2013, subsequent to our quarter ended March 31, 2013.

Financing Activities

Debt Financing

At March 31, 2013 we had the following debt instruments: (i) a senior secured term loan (the “Term Loan”) pursuant to a senior credit agreement (the “Senior Credit Agreement”) ; (ii) 9.5% secured notes (the “9.5% Notes”); (iii) 6.375% unsecured notes (the “6.375% Notes”); (iv) 6.625% unsecured notes (the “6.625% Notes”); (v) 6.75% unsecured notes (the “6.75% Notes”); and (vi) a $400 million ABL Facility.

At March 31, 2013, the aggregate amount of principal outstanding under our debt instruments was as follows: (i) $795 million under the Term Loan, maturing December 17, 2019; (ii) $950 million under the 9.5% Notes, maturing June 15, 2018; (iii) $520 million under the 6.375% Notes, maturing November 15, 2020; (iv) $570 million under the 6.625% Notes, maturing November 15, 2022; (v) $300 million under the 6.75% Notes, maturing March 15, 2020; and (vi) $77 million under the ABL Facility, expiring May 24, 2017.

At March 31, 2013, we were in compliance with all covenants under the Senior Credit Agreement, the indenture governing the 9.5% Notes, the indenture governing the 6.375% Notes and the 6.625% Notes, the indenture governing the 6.75% Notes and the credit agreement governing the ABL Facility (the "ABL Credit Agreement").

From time to time we may repurchase our existing indebtedness, including outstanding securities of Spectrum Brands or its subsidiaries, in the open market or otherwise.

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See Note 6, “Debt,” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding our outstanding debt.

Interest Payments and Fees

In addition to principal payments on our debt obligations mentioned above, we have annual interest payment obligations of approximately $220 million in the aggregate. This includes interest under our 9.5% Notes of approximately $90 million, interest under our 6.375% Notes of approximately $33 million, interest under our 6.625% Notes of approximately $38 million and interest under our 6.75% Notes of approximately $20 million and, based on principal amounts currently outstanding under these facilities, and using market interest rates and foreign exchange rates in effect at March 31, 2013, this also includes interest under our Term Loan and ABL Facility of approximately $37 million and $2 million, respectively. Interest on our debt is payable in cash. Interest on the 9.5% Notes, the 6.375% Notes, the 6.625% Notes and the 6.75% Notes are payable semi-annually in arrears and interest under the Term Loan and the ABL Facility is payable on various interest payment dates as provided in the Senior Credit Agreement and the ABL Credit Agreement. We are required to pay certain fees in connection with our outstanding debt obligations. Such fees include a quarterly commitment fee of up to 0.375% on the unused portion of the ABL Facility and certain additional fees with respect to the letter of credit sub-facility under the ABL Facility.

Equity Financing Activities

During the Fiscal 2013 Six Months, we granted 614 thousand shares of restricted stock to our employees and our directors. All vesting dates are subject to the recipient’s continued employment with us, except as otherwise permitted by our Board of Directors, or in certain cases if the employee is terminated without cause. The total market value of the restricted shares on the date of grant was approximately $28 million, which represented unearned restricted stock compensation. Unearned compensation is amortized to expense over the appropriate vesting period.

From time to time we may repurchase our outstanding shares of SB Holdings Common Stock in the open market or otherwise.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Contractual Obligations and Commercial Commitments

There have been no material changes to our contractual obligations and commercial commitments as discussed in our Annual Report on Form 10-K for Fiscal 2012.

Critical Accounting Policies and Critical Accounting Estimates

Our Condensed Consolidated Financial Statements (Unaudited), included in this Quarterly Report on Form 10-Q, have been prepared in accordance with generally accepted accounting principles in the United States of America and fairly present our financial position and results of operations. There have been no material changes to our critical accounting policies or critical accounting estimates as discussed in our Annual Report on Form 10-K for Fiscal 2012.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Market Risk Factors

We have market risk exposure from changes in interest rates, foreign currency exchange rates and commodity prices. We, when appropriate, use derivative financial instruments to mitigate the risk from such exposures.

A discussion of our accounting policies for derivative financial instruments is included in Note 7, Derivative Financial Instruments, to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q.

Interest Rate Risk

We have bank lines of credit at variable interest rates. The general level of U.S. and Canadian interest rates, LIBOR, CDOR and Euro LIBOR affect interest expense. We periodically use interest rate swaps to manage such risk. The net amounts to be paid or received under interest rate swap agreements are accrued as interest rates change, and are recognized over the life

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of the swap agreements as an adjustment to interest expense from the underlying debt to which the swap is designated. The related amounts payable to, or receivable from, the contract counter-parties are included in accrued liabilities or accounts receivable. At March 31, 2013, there were no outstanding interest rate derivative instruments.

Foreign Exchange Risk

We are subject to risk from sales and loans to and from our subsidiaries as well as sales to, purchases from and bank lines of credit with third-party customers, suppliers and creditors, respectively, denominated in foreign currencies. Foreign currency sales and purchases are made primarily in Euro, Pounds Sterling, Mexican Pesos, Canadian Dollars, Australian Dollars and Brazilian Reals. We manage our foreign exchange exposure from anticipated sales, accounts receivable, intercompany loans, firm purchase commitments, accounts payable and credit obligations through the use of naturally occurring offsetting positions (borrowing in local currency), forward foreign exchange contracts, foreign exchange rate swaps and foreign exchange options. The related amounts payable to, or receivable from, the contract counter-parties are included in accounts payable or accounts receivable.

Commodity Price Risk

We are exposed to fluctuations in market prices for purchases of zinc used in our manufacturing processes. We use commodity swaps and calls to manage such risk. The maturity of, and the quantities covered by, the contracts are closely correlated to our anticipated purchases of the commodity. The cost of calls is amortized over the life of the contracts and recorded in cost of goods sold, along with the effects of the swap and call contracts. The related amounts payable to, or receivable from, the counter-parties are included in accounts payable or accounts receivable.

Sensitivity Analysis

The analysis below is hypothetical and should not be considered a projection of future risks. Earnings projections are before tax.

At March 31, 2013, there were no outstanding interest rate derivative instruments.

At March 31, 2013, the potential change in fair value of outstanding foreign exchange derivative instruments, assuming a 10% unfavorable change in the underlying exchange rates, would be a loss of $26 million. The net impact on reported earnings, after also including the effect of the change in the underlying foreign currency-denominated exposures, would be a net gain of $24 million.

At March 31, 2013, the potential change in fair value of outstanding commodity price derivative instruments, assuming a 10% unfavorable change in the underlying commodity prices, would be a loss of $2 million. The net impact on reported earnings, after also including the reduction in cost of one year’s purchases of the related commodities due to the same change in commodity prices, would be an immaterial gain.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures. Our management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) pursuant to Rules 13a-15(b) and 15d-15(b) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of such date, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable SEC rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting. There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the period covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Controls. Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that the Company’s disclosure controls and procedures or the Company’s internal controls over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can

57

provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Litigation

See Note 13, “Commitments and Contingencies” to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q for additional information regarding our legal proceedings.

Item 1A. Risk Factors

When considering an investment in the Company, you should carefully consider the risk factors discussed in our Annual Report on Form 10-K filed with the SEC on November 21, 2012 (our “Form 10-K”) and our Quarterly Report on Form 10-Q filed with the SEC on February 8, 2013 (our "Form 10-Q"). Any of these risk factors could materially and adversely affect our or our subsidiaries’ business, financial condition and results of operations and these risk factors are not the only risks that we or our subsidiaries may face. Additional risks and uncertainties not presently known to us or our subsidiaries or that are not currently believed to be material also may adversely affect us or our subsidiaries. There have been no material changes in our risk factors from those disclosed in Part I, Item 1A, of our Form 10-K and Part II, Item 1A of our Q1 Form 10-Q.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

During the Fiscal 2013 Quarter, we did not sell any equity securities that were not registered under the Securities Act.

58

Item 6. Exhibits

Please refer to the Exhibit Index.

59

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 9, 2013

SPECTRUM BRANDS, INC.
By:	/s/ ANTHONY L. GENITO
	Anthony L. Genito
	Executive Vice President and Chief Financial Officer (Principal Financial Officer)

60

EXHIBIT INDEX

Exhibit 2.1	Acquisition Agreement, dated as of October 8, 2012 between Spectrum Brands, Inc. and Stanley Black & Decker, Inc. (filed by incorporation by reference to Exhibit 2.1 to Spectrum Brands, Inc.'s Current Report on Form 8-K filed with the SEC by Spectrum Brands, Inc. on October 12, 2012).
Exhibit 3.1	Restated Certificate of Incorporation of Spectrum Brands Holdings, Inc., dated June 16, 2010 (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-8 filed with the SEC on June 16, 2010).
Exhibit 3.2	Amended and Restated Bylaws of Spectrum Brands Holdings, Inc., adopted as of June 16, 2010 (incorporated by reference to the Registration Statement on Form S-8 filed with the SEC on June 16, 2010).
Exhibit 4.1	Indenture governing the 2020 Notes and the 2022 Notes, dated as of November 16, 2012, between Spectrum Brands Escrow Corp. and US Bank National Association, as trustee (filed by incorporation by reference to Exhibit 4.1 to the Current Report on Form 8-K filed with the SEC on November 21, 2012).
Exhibit 10.1	Registration Rights Agreement, dated as of November 16, 2012 by and among Spectrum Brands Escrow Corp. and the investors listed on the signature pages thereto, with respect to the 2020 Notes and the 2022 Notes (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC on November 21, 2012).
Exhibit 10.2	Severance Agreement, dated as of November 19, 2012, by and between Spectrum Brands, Inc. and Nathan E. Fagre (filed by incorporation by reference to Exhibit 10.47 to the Annual Report on Form 10-K filed with the SEC by Spectrum Brands, Inc. on November 21, 2012).
Exhibit 10.3	Separation Agreement dated December 28, 2012 (filed by incorporation by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the SEC on January 3, 2012).
Exhibit 10.4	Credit Agreement dated December 17, 2012, among Spectrum Brands, Inc., Spectrum Brands Canada, Inc., SB/RH Holdings, LLC, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent, Deutsche Bank Securities Inc and Barclays Bank PLC, as joint bookrunners and joint lead arrangers, Barclays Bank PLC, as syndication agent, and Jefferies Group, Inc., Suntrust Bank and The Bank of Tokyo-Mitsubishi UFJ, LTD., as co-documentation agents (filed by incorporation by reference to Exhibit 10.4 to the Annual Report on Form 10-Q filed with the SEC by Spectrum Brands Holdings, Inc. on February 8, 2013).
Exhibit 31.1	Certification of Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
Exhibit 31.2	Certification of Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) of the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 the Sarbanes-Oxley Act of 2002.*
Exhibit 32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
Exhibit 32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

  ______________________________

*    Filed herewith

** In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be “furnished” and not “filed.”

61

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, David R. Lumley, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Spectrum Brands, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2013

/s/ DAVID R. LUMLEY

David R. Lumley

Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Anthony L. Genito, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Spectrum Brands, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 9, 2013

/s/ ANTHONY L. GENITO

Anthony L. Genito

Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Spectrum Brands, Inc. (the “Company”) for the quarterly period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David R. Lumley, as Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ DAVID R. LUMLEY
Name:	David R. Lumley
Title:	Chief Executive Officer
Date:	May 9, 2013

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Spectrum Brands, Inc. (the “Company”) for the quarterly period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Anthony L. Genito, as Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ ANTHONY L. GENITO
Name:	Anthony L. Genito
Title:	Chief Financial Officer
Date:	May 9, 2013

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. This certification shall not be deemed incorporated by reference in any filing under the Securities Act or Exchange Act, except to the extent that the Company specifically incorporates it by reference.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Acquisitions Purchase Price Allocation (Tables)

6 Months Ended

9 Months Ended

Mar. 31, 2013

Jul. 01, 2012

Business Combinations [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

The following reflects the Company's pro forma results had the results of the HHI Business been included for all periods presented.

	Three months						Six months
	2013			2012			2013			2012
Net sales:
Reported Net sales	$	987,756		$	746,285		$	1,858,024		$	1,595,056
HHI Business adjustment	—			232,170			191,777			463,858
Pro forma Net sales	$	987,756		$	978,455		$	2,049,801		$	2,058,914
Adjusted net (loss) income:
Reported Net loss (1) (2)	$	(40,523	)	$	(28,451	)	$	(47,614	)	$	(15,281	)
HHI Business adjustment	—			10,158			4,942			23,083
Pro forma adjusted Net (loss) income	$	(40,523	)	$	(18,293	)	$	(42,672	)	$	7,802

(1) Included in Reported Net loss for the three and six month periods ended March 31, 2013, are adjustments of $3,359 and $49,291, respectively, to record the income tax benefit resulting from the reversal of U.S. valuation allowances on deferred tax assets as a result of the HHI Business acquisition. For information pertaining to the income tax benefit, see Note 11, “Income Taxes.”

(2) Included in Reported Net loss for the three and six month periods ended March 31, 2013, is $10,141 and $24,753, respectively, of Acquisition and integration related charges as a result of the HHI Business acquisition. For information pertaining to Acquisition and integration related charges, see Note 2, “Significant Accounting Policies - Acquisition and Integration Related Charges.”

(3) For the three and six month periods ended March 31, 2013 and April 1, 2012, the Company has not assumed the exercise of common stock equivalents as the impact would be antidilutive due to the loss reported.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Shaser

On November 8, 2012, the Company completed the cash acquisition of approximately a 56% interest in Shaser Biosciences, Inc. ("Shaser"), of which the Company purchased 49%. Shaser is a global technology leader in developing energy-based, aesthetic dermatological technology for home use devices. This acquisition was not significant individually.

The following table summarizes the preliminary consideration paid for Shaser:

Negotiated sales price	$	50,000
Less: negotiated sales price attributable to SB Holdings	6,197
Preliminary working capital adjustment	(423		)
Preliminary purchase price	$	43,380

HHI Business

On December 17, 2012, the Company completed the cash acquisition of the HHI Business from Stanley Black & Decker. The following table summarizes the preliminary consideration paid for the HHI Business:

Negotiated sales price, excluding TLM Taiwan	$	1,300,000
Preliminary working capital and other adjustments	(10,638		)
Preliminary purchase price	$	1,289,362

Schedule of Purchase Price Allocation [Table Text Block]

The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	17,406		$	5,836		$	23,242
Accounts receivable	104,641			4,378			109,019
Inventory	207,160			(2,393		)	204,767
Prepaid expenses and other	13,311			(4,161		)	9,150
Property, plant and equipment	104,502			(5,166		)	99,336
Intangible assets	470,000			—			470,000
Other long-term assets	3,051			—			3,051
Total assets acquired	$	920,071		$	(1,506	)	$	918,565
Accounts payable	130,140			7,967			138,107
Deferred tax liability - current	7,081			(32		)	7,049
Accrued liabilities	37,530			(615		)	36,915
Deferred tax liability - long-term	104,708			11,177			115,885
Other long-term liabilities	11,231			(2,168		)	9,063
Total liabilities assumed	$	290,690		$	16,329		$	307,019
Total identifiable net assets	629,381			(17,835		)	611,546
Non-controlling interest	(2,235		)	(2,234		)	(4,469		)
Goodwill	662,216			20,069			682,285
Total net assets	$	1,289,362		$	—		$	1,289,362

The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser, including a reconciliation to the preliminary valuation reported as of December 30, 2012, are as follows:

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	870		$	—		$	870
Intangible asset	35,500			(2,700		)	32,800
Other assets	2,679			—			2,679
Total assets acquired	$	39,049		$	(2,700	)	$	36,349
Total liabilities assumed	14,398			(962		)	13,436
Total identifiable net assets	24,651			(1,738		)	22,913
Non-controlling interest	(38,954		)	—			(38,954		)
Goodwill	63,880			1,738			65,618
Total identifiable net assets	$	49,577		$	—		$	49,577

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Derivative Financial Instruments Income and AOCI Effects (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ 1,498	$ (3,232)
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	16	(1,121)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(36)	33
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	(2,186)	1,124	(2,418)	379
Commodity Contract [Member] | Cost of Goods, Total [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	195	(189)	98	(555)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	(36)	33	(82)	14
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)		36		15
Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)		(205)		(864)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)		0		0
Foreign Exchange Contract [Member] | Cost of Goods, Total [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	3,516	(4,855)	3,167	(3,547)
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(398)	(639)	(865)	(1,894)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0	0
Foreign Exchange Contract [Member] | Sales Revenue, Goods, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	168	463	666	334
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	219	(88)	340	(210)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0	0	0
Fair Value Hedging [Member] | Foreign Exchange Contract [Member] | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	$ 1,788	$ (3,452)	$ (2,311)	$ 3,793

XML

Goodwill And Intangible Assets Schedule of Intangibles Subject to Amortization (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended			6 Months Ended		9 Months Ended	6 Months Ended		6 Months Ended		6 Months Ended		6 Months Ended	9 Months Ended	6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Sep. 30, 2012	Mar. 31, 2013 Technology Assets [Member]	Apr. 01, 2012 Technology Assets [Member]	Mar. 31, 2013 Technology Assets [Member]	Apr. 01, 2012 Technology Assets [Member]	Sep. 30, 2012 Technology Assets [Member]	Mar. 31, 2013 Trade Names [Member]	Apr. 01, 2012 Trade Names [Member]	Mar. 31, 2013 Trade Names [Member]	Apr. 01, 2012 Trade Names [Member]	Sep. 30, 2012 Trade Names [Member]	Mar. 31, 2013 Customer Relationships [Member]	Apr. 01, 2012 Customer Relationships [Member]	Mar. 31, 2013 Customer Relationships [Member]	Apr. 01, 2012 Customer Relationships [Member]	Sep. 30, 2012 Customer Relationships [Member]	Mar. 31, 2013 Home and Garden Business [Member]	Sep. 30, 2012 Home and Garden Business [Member]	Jul. 01, 2012 Home and Garden Business [Member] Customer Relationships [Member]	Mar. 31, 2013 Global Batteries & Appliances [Member]	Sep. 30, 2012 Global Batteries & Appliances [Member]	Mar. 31, 2013 Hardware & Home Improvement [Member]	Sep. 30, 2012 Hardware & Home Improvement [Member]	Mar. 31, 2013 Global Pet Supplies [Member]	Sep. 30, 2012 Global Pet Supplies [Member]	Mar. 31, 2013 Global Pet Supplies [Member] Trade Names [Member]	Jul. 01, 2012 Global Pet Supplies [Member] Customer Relationships [Member]	Mar. 31, 2013 Minimum [Member] Global Batteries & Appliances [Member] Technology Assets [Member]	Mar. 31, 2013 Minimum [Member] Global Batteries & Appliances [Member] Trade Names [Member]	Mar. 31, 2013 Minimum [Member] Global Batteries & Appliances [Member] Customer Relationships [Member]	Mar. 31, 2013 Minimum [Member] Hardware & Home Improvement [Member] Technology Assets [Member]	Mar. 31, 2013 Minimum [Member] Hardware & Home Improvement [Member] Trade Names [Member]	Mar. 31, 2013 Minimum [Member] Global Pet Supplies [Member] Technology Assets [Member]	Mar. 31, 2013 Maximum [Member] Global Batteries & Appliances [Member] Technology Assets [Member]	Mar. 31, 2013 Maximum [Member] Global Batteries & Appliances [Member] Trade Names [Member]	Mar. 31, 2013 Maximum [Member] Global Batteries & Appliances [Member] Customer Relationships [Member]	Mar. 31, 2013 Maximum [Member] Hardware & Home Improvement [Member] Technology Assets [Member]	Mar. 31, 2013 Maximum [Member] Hardware & Home Improvement [Member] Trade Names [Member]	Mar. 31, 2013 Maximum [Member] Hardware & Home Improvement [Member] Customer Relationships [Member]	Mar. 31, 2013 Maximum [Member] Global Pet Supplies [Member] Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross balance						$ 174,724		$ 174,724		$ 90,924	$ 170,575		$ 170,575		$ 150,829	$ 864,550		$ 864,550		$ 796,235
Accumulated amortization						(30,308)		(30,308)		(22,768)	(36,931)		(36,931)		(28,347)	(136,490)		(136,490)		(113,012)
Carrying value, net	1,006,120		1,006,120		873,861	144,416		144,416		68,156	133,644		133,644		122,482	728,060		728,060		683,223	157,389	162,127		460,037	447,112	135,933	0	252,761	264,622
Additions			172,800																		0			32,800		140,000		0
Amortization during period	(20,033)	(15,821)	(37,157)	(30,449)		(4,435)	(2,412)	(7,539)	(4,310)		(4,303)	(3,140)	(7,898)	(6,279)		(11,295)	(10,269)	(21,720)	(19,860)		(4,738)			(17,826)		(3,911)		(10,682)
Effect of translation			3,384																		0			2,049		156		1,179
Intangible assets, net	2,170,652		2,170,652		1,714,929																240,889			999,323		466,205		464,235
Finite-Lived Intangible Asset, Useful Life																							20 years							3 years	20 years	9 years	1 year	15 years	8 years	5 years	4 years	17 years	12 years	20 years	9 years	8 years	20 years	9 years
Finite-Lived Intangible Assets, Average Annual Amortization Expense, Next 5 Years			$ 78,500

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Derivative Financial Instruments Additional Details (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Derivative [Line Items]
Derivative Credit Risk Valuation Adjustment, Derivative Assets	$ 13	$ 46
Letters of Credit Outstanding, Amount	26,312
Other Current Assets [Member]
Derivative [Line Items]
Collateral Already Posted, Aggregate Fair Value	450	50
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	1,829
Derivative, Notional Amount	147,027
Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative [Line Items]
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	(502)
Derivative, Nonmonetary Notional Amount	10,000
Derivative, Notional Amount	19,887
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 132,206	$ 172,581

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Comprehensive Income (Loss) Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Defined benefit pension (loss) gain	$ (150)	$ 199	$ (296)	$ 502
Unrealized gain (loss) on derivative instruments	832	(1,226)	1,078	895
Foreign currency translation	(20,423)	18,539	(17,555)	3,610
Other comprehensive income (loss), net of tax	(19,741)	17,512	(16,773)	5,007
Cash Flow Hedging [Member]
Gross change before reclassification adjustment	1,498	(3,232)	1,415	(2,819)
Net reclassification adjustment for (gains) losses included in earnings	(16)	1,121	427	3,523
Gross change after reclassification adjustment	1,482	(2,111)	1,842	704
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(1,079)	1,410	(1,129)	413
Deferred tax valuation allowance	429	(525)	365	(222)
Unrealized gain (loss) on derivative instruments	832	(1,226)	1,078	895
Pension Plans, Defined Benefit [Member]
Deferred tax valuation allowance	12	(29)	12	(29)
Defined benefit pension (loss) gain	(150)	199	(296)	502
Gross change before reclassification adjustment	(901)	(6)	(1,590)	323
Gross change after reclassification adjustment	(381)	236	(551)	588
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized (Gain) Loss Arising During Period, Tax	219	(8)	243	(57)
Foreign Currency Gain (Loss) [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(20,423)	18,539	(17,555)	3,610
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, before Tax	0	0	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	(20,423)	18,539	(17,555)	3,610
Deferred tax valuation allowance	0	0	0	0
Foreign currency translation	(20,423)	18,539	(17,555)	3,610
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	0	0	0	0
Cost of Sales [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	327	152	654	167
General and Administrative Expense [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	152	71	304	77
Selling Expense [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	$ 41	$ 19	$ 81	$ 21

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Debt (Tables)

6 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consists of the following:

	March 31, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	795,007		4.6	%	$	—	—	%
Former term loan facility	—			—		370,175		5.1	%
9.5% Notes, due June 15, 2018	950,000			9.5	%	950,000		9.5	%
6.375% Notes, due November 15, 2020	520,000			6.4	%	—		—	%
6.625% Notes, due November 15, 2022	570,000			6.6	%	—		—	%
6.75% Notes, due March 15, 2020	300,000			6.8	%	300,000		6.8	%
ABL Facility, expiring May 24, 2017	76,500			2.8	%	—		4.3	%
Other notes and obligations	21,936			10.6	%	18,059		10.9	%
Capitalized lease obligations	29,666			6.3	%	26,683		6.2	%
	$	3,263,109				$	1,664,917
Original issuance premiums (discounts) on debt	(4,234		)			4,383
Less: current maturities	29,451					16,414
Long-term debt	$	3,229,424				$	1,652,886

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Employee Benefit Plans Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Defined Contribution Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1,635	$ 573	$ 2,814	$ 1,149
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	825	578
Interest cost	2,464	2,552
Expected return on assets	(2,196)	(2,051)
Recognized net actuarial loss	520	242
Employee contributions	(46)	(46)
Net periodic benefit cost	1,567	1,275	2,931	2,446
Contributions made during period	$ 1,095	$ 1,655	$ 1,702	$ 2,479

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Subsquent Events

6 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

ASC 855, “Subsequent Events,” (“ASC 855”), establishes general standards of accounting and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 requires the Company to evaluate all subsequent events that occur after the balance sheet date through the date and time the Company's financial statements are issued. The Company has evaluated subsequent events through the date these financial statements were issued.

On April 8, 2013, the Company completed the $100,000 cash acquisition of certain assets of TLM Taiwan from Stanley Black & Decker, completing the final step in the Hardware Acquisition. In accordance with ASC 805, the Company will account for the acquisition by applying the acquisition method of accounting and include the fair value of acquired net assets within the Company's Hardware & Home Improvement segment. The Company is in process of preparing the preliminary purchase price allocation of TLM Taiwan.

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Goodwill And Intangible Assets Schedule of Indefinite Lived Intangibles (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2013	Sep. 30, 2012
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	$ 1,164,532	$ 841,068
Additions	330,000
Effect of translation	(6,536)
Global Batteries & Appliances [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	539,286	545,426
Additions	0
Effect of translation	(6,140)
Hardware & Home Improvement [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	330,272	0
Additions	330,000
Effect of translation	272
Global Pet Supplies [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	211,474	212,142
Additions	0
Effect of translation	(668)
Home and Garden Business [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	83,500	83,500
Additions	0
Effect of translation	$ 0

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Significant Accounting Policies Shipping and Handling Costs (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Component of Operating Other Cost and Expense [Line Items]
Shipping and Handling Costs	$ 66,031	$ 49,266	$ 116,027	$ 99,586

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Segment Results (Tables)

6 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment information for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Net sales from external customers
Consumer batteries	$	199,747		$	205,061		$	470,728		$	473,080
Small appliances	154,647			159,428			374,707			402,489
Electric shaving and grooming	53,309			55,796			146,236			152,119
Electric personal care	60,929			59,784			142,972			141,561
Global Batteries & Appliances	468,632			480,069			1,134,643			1,169,249
Global Pet Supplies	160,436			156,529			300,199			291,467
Home and Garden Business	102,011			109,687			132,523			134,340
Hardware & Home Improvement	256,677			—			290,659			—
Total segments	$	987,756		$	746,285		$	1,858,024		$	1,595,056
	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Segment profit
Global Batteries & Appliances	$	41,415		$	40,427		$	136,792		$	138,632
Global Pet Supplies	20,332			19,248			36,273			35,309
Home and Garden Business	20,792			22,204			16,531			16,285
Hardware & Home Improvement	6,730			—			3,520			—
Total segments	89,269			81,879			193,116			190,226
Corporate expense	16,623			14,396			24,206			23,535
Acquisition and integration related charges	11,999			7,751			32,811			15,351
Restructuring and related charges	7,903			4,269			14,491			11,994
Interest expense	60,355			69,273			124,135			110,483
Other expense (income), net	3,766			(2,192		)	5,328			1
(Loss) income from continuing operations before income taxes	$	(11,377	)	$	(11,618	)	$	(7,855	)	$	28,862

On February 8, 2013, the Venezuelan government announced the formal devaluation of its currency, the Bolivar fuerte, relative to the U.S. dollar. As Venezuela continues to be considered a highly inflationary economy, the functional currency of the Company's Venezuelan subsidiary is the U.S. dollar. Therefore, the Company remeasured the local statement of financial position of its Venezuela entity as of February 8, 2013 to reflect the impact of the devaluation to the official exchange rate from 4.3 to 6.3 Bolivar fuerte per U.S. dollar. The effect of the devaluation of the Bolivar fuerte was recorded in other expense (income), net and resulted in a $1,953 reduction to the Company's operating income during the three and six month periods ended March 31, 2013.

	March 31, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,249,400	$	2,243,472
Global Pet Supplies	959,685		956,043
Home and Garden Business	539,207		508,083
Hardware & Home Improvement	1,697,604		—
Total segment assets	5,445,896		3,707,598
Corporate	77,395		45,913
Total assets at period end	$	5,523,291	$	3,753,511

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Debt Additional Details (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended				3 Months Ended	6 Months Ended		6 Months Ended			3 Months Ended	6 Months Ended			3 Months Ended	6 Months Ended			3 Months Ended	6 Months Ended			6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013 Senior Notes [Member]	Sep. 30, 2012 Senior Notes [Member]	Mar. 31, 2013 Revolving Credit Facility [Member]	Mar. 31, 2013 Revolving Credit Facility [Member]	Sep. 30, 2012 Revolving Credit Facility [Member]	Mar. 31, 2013 Unsecured Debt [Member]	Mar. 31, 2013 Secured Debt [Member]	Sep. 30, 2012 Secured Debt [Member]	Mar. 31, 2013 Notes 6.375% due 2020 [Member]	Mar. 31, 2013 Notes 6.375% due 2020 [Member]	Mar. 31, 2013 Notes 6.375% due 2020 [Member] Unsecured Debt [Member]	Sep. 30, 2012 Notes 6.375% due 2020 [Member] Unsecured Debt [Member]	Apr. 01, 2012 Senior Notes [Member]	Mar. 31, 2013 Senior Notes [Member]	Mar. 31, 2013 6.75% Notes [Member] Unsecured Debt [Member]	Sep. 30, 2012 6.75% Notes [Member] Unsecured Debt [Member]	Mar. 31, 2013 Notes 6.625% due 2022 [Member]	Mar. 31, 2013 Notes 6.625% due 2022 [Member]	Mar. 31, 2013 Notes 6.625% due 2022 [Member] Unsecured Debt [Member]	Sep. 30, 2012 Notes 6.625% due 2022 [Member] Unsecured Debt [Member]	Mar. 31, 2013 Canada, Dollars Senior Notes [Member]
Debt Instrument [Line Items]
Secured Debt									$ 950,000	$ 950,000
Unsecured Debt													520,000	0			300,000	300,000			570,000	0
Additional Borrowings, Par Value												520,000				800,000				570,000			100,000
Debt Issuance Cost	44,163	9,941			108	323					43	12,903				16,706			43	14,123
Line of Credit Facility, Maximum Borrowing Capacity					400,000	400,000	300,000
Payments of Debt Extinguishment Costs																2,421
Write off of debt issuance costs	4,600	2,563														5,485
Payments of Financing Costs															379	19,127
Senior Notes			795,007	370,175
Percentage of Holders Needed to Accelerate Bonds								25.00%
Line of Credit Facility, Current Borrowing Capacity					238,389	238,389
Line of Credit Lender Restrictions					8,732	8,732
Letters of Credit Outstanding, Amount	$ 26,312

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Commitments And Contingencies Environmental Reserves (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Site Contingency [Line Items]
Accrual for Environmental Loss Contingencies	$ 5,250

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Inventories Balance By Type (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Raw materials	$ 112,106	$ 58,515
Work-in-process	51,598	23,434
Finished goods	541,705	370,684
Inventory, Net	$ 705,409	$ 452,633

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Guarantor Financial Statements Guarantor Statement of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended	9 Months Ended	6 Months Ended		9 Months Ended	6 Months Ended		9 Months Ended	6 Months Ended		9 Months Ended	6 Months Ended		9 Months Ended
	Apr. 01, 2012	Jul. 01, 2012	Mar. 31, 2013 Parent [Member]	Apr. 01, 2012 Parent [Member]	Jul. 01, 2012 Parent [Member]	Mar. 31, 2013 Guarantor Subsidiaries [Member]	Apr. 01, 2012 Guarantor Subsidiaries [Member]	Jul. 01, 2012 Guarantor Subsidiaries [Member]	Mar. 31, 2013 Non-Guarantor Subsidiaries [Member]	Apr. 01, 2012 Non-Guarantor Subsidiaries [Member]	Jul. 01, 2012 Non-Guarantor Subsidiaries [Member]	Mar. 31, 2013 Consolidation, Eliminations [Member]	Apr. 01, 2012 Consolidation, Eliminations [Member]	Jul. 01, 2012 Consolidation, Eliminations [Member]
Net cash used by operating activities	$ (154,804)		$ (366,560)	$ (27,616)		$ 217,161	$ 236,366		$ 46,214	$ 53,143		$ (94,634)	$ (416,697)
Payments to Acquire Property, Plant, and Equipment	(18,590)		9,442	(6,982)		(3,542)	(5,597)		(7,687)	(6,011)		0	0
Escrow payment - TLM Taiwan acquisition	0		100,000			0			0			0
Payments for (Proceeds from) Other Investing Activities	(1,963)		3	0		(7)	(111)		36	(1,852)		0	0
Proceeds from issuance of 9.5% Notes, including premium	217,000						0			0			0
Net cash used by investing activities	(203,693)		(109,439)	(6,982)		(1,269,669)	(188,848)		(31,570)	(7,863)		0	0
Proceeds from issuance of Term Loan	0		700,000			0			92,000			0
Proceeds from issuance of 6.375% Notes	300,000
Payment of Notes, Including Tender and Call Premium	(270,431)
Repayments of Senior Debt	(2,727)		(372,172)	(2,727)		0	0		0	0		0	0
Debt issuance costs	(9,941)		(42,027)	(9,941)		0	0		(2,136)	0		0	0
Other debt financing, net	11,866		0	0		0	0		4,125	11,866		0	0
Repayments of Other Debt	(26,371)		0	(25,000)		0	0		(1,486)	(1,371)		0	0
ABL revolving credit facility, net	50,000		76,500	50,000		0	0		0	0		0	0
Proceeds from (Payments for) Other Financing Activities	(954)			0			(954)			0			0
Capital contribution from parent	0		28,562			0			0			0
Cash dividends paid to parent	0		(42,604)			0			0			0
Proceeds from (Repayments of) Related Party Debt	0	0		(223,888)	(967,945)		(53,037)	1,042,811		(139,772)	(169,500)		416,697	94,634
Net cash provided by financing activities	268,442		470,314	35,013		1,042,811	(53,991)		(76,997)	(129,277)		94,634	416,697
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	0		0			0			(1,836)			0
Effect of exchange rate changes on cash and cash equivalents	(671)		0	0		0	0		(913)	(671)		0	0
Net decrease in cash and cash equivalents	(90,726)		(5,685)	415		(9,697)	(6,473)		(65,102)	(84,668)		0	0
Cash and cash equivalents	$ 51,688		$ 1,044	$ 464		$ 3,605	$ 2,316		$ 72,739	$ 48,908		$ 0	$ 0

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Acquisitions Purchase Accounting Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended					3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended				3 Months Ended		6 Months Ended					6 Months Ended			6 Months Ended		6 Months Ended																3 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Apr. 08, 2013	Nov. 08, 2012	Sep. 30, 2012	Mar. 31, 2013 HHI Business [Member]	Apr. 01, 2012 HHI Business [Member]	Mar. 31, 2013 HHI Business [Member]	Apr. 01, 2012 HHI Business [Member]	Dec. 17, 2012 HHI Business [Member]	Mar. 31, 2013 Shaser, Inc. [Member]	Apr. 01, 2012 Shaser, Inc. [Member]	Mar. 31, 2013 Shaser, Inc. [Member]	Apr. 01, 2012 Shaser, Inc. [Member]	Dec. 17, 2012 Shaser, Inc. [Member]	Nov. 08, 2012 Shaser, Inc. [Member]	Mar. 31, 2013 Black Flag [Member]	Apr. 01, 2012 Black Flag [Member]	Mar. 31, 2013 Black Flag [Member]	Apr. 01, 2012 Black Flag [Member]	Mar. 31, 2013 Technology Assets [Member] Shaser, Inc. [Member]	Mar. 31, 2013 Licensing Agreements [Member] HHI Business [Member]	Dec. 17, 2012 Licensing Agreements [Member] HHI Business [Member]	Mar. 31, 2013 Customer Relationships [Member] HHI Business [Member]	Mar. 31, 2013 Trade Names [Member] HHI Business [Member]	Dec. 17, 2012 Trade Names [Member] HHI Business [Member]	Mar. 31, 2013 Patented Technology [Member] HHI Business [Member]	Dec. 17, 2012 Patented Technology [Member] HHI Business [Member]	Mar. 31, 2013 Patented Technology [Member] Shaser, Inc. [Member]	Mar. 31, 2013 Minimum [Member] Trade Names [Member] HHI Business [Member]	Mar. 31, 2013 Maximum [Member] Trade Names [Member] HHI Business [Member]	Mar. 31, 2013 Customer Relationships [Member] HHI Business [Member]	Mar. 31, 2013 Patented Technology [Member] Shaser, Inc. [Member]	Mar. 31, 2013 Patented Technology [Member] Minimum [Member] HHI Business [Member]	Mar. 31, 2013 Patented Technology [Member] Maximum [Member] HHI Business [Member]	Mar. 31, 2013 Licensing Agreements [Member] HHI Business [Member]	Mar. 31, 2013 Licensing Agreements [Member] Minimum [Member] HHI Business [Member]	Mar. 31, 2013 Licensing Agreements [Member] Maximum [Member] HHI Business [Member]	Mar. 31, 2013 Trade Names [Member] HHI Business [Member]	Mar. 31, 2013 Trade Names [Member] Minimum [Member] HHI Business [Member]	Mar. 31, 2013 Trade Names [Member] Maximum [Member] HHI Business [Member]	Nov. 08, 2012 Spectrum Brands Holdings, Inc. [Member] Shaser, Inc. [Member]	Dec. 17, 2012 Preliminary Valuation at March 31, 2013 [Member] HHI Business [Member]	Nov. 08, 2012 Preliminary Valuation at March 31, 2013 [Member] Shaser, Inc. [Member]	Mar. 31, 2013 Preliminary Valuation at December 30, 2012 [Member] HHI Business [Member]	Dec. 17, 2012 Preliminary Valuation at December 30, 2012 [Member] HHI Business [Member]	Nov. 08, 2012 Preliminary Valuation at December 30, 2012 [Member] Shaser, Inc. [Member]
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Cash								$ 5,836					$ 0
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets																																														32,800			35,500
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables																																													109,019			104,641
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets								4,378
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory																																													204,767			207,160
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory								(2,393)
Business Acquisition, Purchase Price Allocation, Current Assets, Prepaid Expense and Other Assets																																													9,150			13,311
Business Combination, Provisional Information, Initital Accounting Incomplete, Adjustments, Prepaid Expenses and Other								(4,161)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment								(5,166)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Other Long-term Assets								0					0
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable																																													138,107			130,140
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities								7,967
Business Combination, Purchase Price Allocation, Deferred Tax Asset (Liability), Net, Current																																													7,049			7,081
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Deferred Tax Liabilities Current								(32)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Deferred Tax Liabilities, Net Noncurrent								11,177
Negotiated sales price, excluding TLM Taiwan												1,300,000						50,000																										6,197
Preliminary working capital and other adjustments												(10,638)						(423)
Preliminary purchase price					100,000							1,289,362						43,380
Payments to Acquire Businesses, Net of Cash Acquired										(1,266,120)	0				(23,919)	0					0	(43,750)
Escrow payment - TLM Taiwan acquisition			100,000	0
Business Acquisition, Purchase Price Allocation, Current Assets, Cash and Cash Equivalents																																													23,242	870		17,406	870
Current assets																																													918,565	36,349		920,071	39,049
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Total Assets Acquired													(2,700)																																		(1,506)
Inventories	705,409		705,409				452,633
Property, plant and equipment																																													99,336			104,502
Intangible assets, net																																													470,000			470,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles								0					(2,700)
Other assets																																													3,051	2,679		3,051	2,679
Total assets	5,523,291		5,523,291				3,753,511
Current liabilities																																													36,915			37,530
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Accrued Liabilities								(615)
Deferred income taxes																																													9,063			11,231
Total liabilities																																													307,019	13,436		290,690	14,398
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Total Liabilities Assumed													(962)																																		16,329
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net																																													611,546	22,913		629,381	24,651
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Net Assets Acquired													(1,738)																																		(17,835)
Business Acquisition, Purchase Price Allocation, Goodwill Amount																																													682,285	65,618		662,216	63,880
Net assets acquired																																													1,289,362	49,577		1,289,362	49,577
Non-controlling interest	49,439		49,439			38,954	0
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest																																													(4,469)	(38,954)		(2,235)	(38,954)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment												3,997
Inventory Adjustments												31,000
Business Acquisition, Purchase Price Allocation, Deferred Taxes Asset (Liability), Net, Noncurrent												(122,934)																																	115,885			104,708
Customer Relationships Subject to Amortization, Gross												74,000
Trade names Not Subject to Amortization	1,164,532		1,164,532				841,068					330,000
Finite-Lived Trade Names, Gross																												3,000
Finite-Lived License Agreements, Gross																									12,000
Patents Subject to Amortization, Gross																	32,800													51,000
Fair Value Input, Royalty Rate																							10.50%				3.50%							3.00%		4.00%	5.00%	4.00%				3.00%	5.00%
Fair Value Inputs, Long-term Revenue Growth Rate															3.00%																	2.50%	5.00%		3.00%	2.50%	31.00%		2.50%	5.00%	2.50%	2.50%	5.00%
Fair Value Input, Customer Retention Rate																										95.00%
Fair Value Input, Income Tax Rate															35.00%									35.00%		35.00%	35.00%		35.00%		35.00%
Fair Value Inputs, Discount Rate															12.00%									12.00%		12.00%	12.00%		12.00%		11.00%
Finite-Lived Intangible Asset, Useful Life																								5 years		20 years	8 years		10 years		13 years
Net sales	987,756	746,285	1,858,024	1,595,056
Business Acquisition, Pro Forma Revenue	987,756	978,455	2,049,801	2,058,914				0	232,170	191,777	463,858
Net (loss) income	(40,786)	(28,451)	(47,359)	(15,281)
Net loss	(40,523)	(28,451)	(47,614)	(15,281)
Business Acquisition, Pro Forma Net Income (Loss)	(40,523)	(18,293)	(42,672)	7,802				0	10,158	4,942	23,083
Valuation Allowance, Deferred Tax Asset, Change in Amount	3,359		49,291	13,915				3,359
Acquisition and integration related charges	11,999	7,751	32,811	15,351				10,141	0	24,753	0		153	0	4,373	0			11	532	39	1,817
Business Acquisition, Percentage of Voting Interests Acquired																		49.00%																										56.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																		44.00%
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Other Long-term Liabilities								(2,168)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Equity Interests								(2,234)					0
Goodwill, Purchase Accounting Adjustments								20,069					1,738
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred								$ 0																																							$ 0

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Significant Accounting Policies Stock Compensation Activity (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		9 Months Ended			6 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Jul. 01, 2012	Mar. 31, 2013 Restricted Stock [Member]	Sep. 30, 2012 Restricted Stock [Member]	Mar. 31, 2013 Restricted Stock Units (RSUs) [Member]	Sep. 30, 2012 Restricted Stock Units (RSUs) [Member]	Mar. 31, 2013 Performance Based RSUs 1 Year Vesting [Member]	Mar. 31, 2013 Performance Based RSUs 2 Year Vesting [Member]	Apr. 01, 2012 Performance Based RSUs 2 Year Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization of unearned restricted stock compensation	$ 11,382	$ 6,768	$ 14,157	$ 11,076
Granted Shares	62	13	615	699						90	524	699
Nonvested Awards Outstanding, Shares							13	1,281	1,931
Nonvested Awards Outstanding, Weighted Average Grant Date Fair Value							$ 28.00	$ 36.58	$ 28.45
Nonvested Awards Outstanding, Grant Date Fair Value						364		46,861	54,931
Granted, Shares								614
Granted, Weighted Average Grant Date Fair Value								$ 45.23
Granted, Grant Date Fair Value				18,816	27,769			27,772
Vested, Shares								(1,000)
Vested, Weighted Average Grant Date Fair Value								$ 28.24
Vested, Grant Date Fair Value								(28,236)
Forfeited, Shares								(264)
Forfeited, Weighted Average Grant Date Fair Value								$ 28.81
Forfeited, Fair Value at Grant Date								$ (7,606)

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Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]

The following table summarizes acquisition and integration related charges incurred by the Company during the three and six month periods ended March 31, 2013 and April 1, 2012:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Russell Hobbs
Integration costs	$	880	$	2,785	$	1,935	$	5,193
Employee termination charges	152		1,907		259		2,516
Legal and professional fees	11		309		90		921
Russell Hobbs Acquisition and integration related charges	$	1,043	$	5,001	$	2,284	$	8,630
HHI Business
Legal and professional fees	6,488		—		20,986		—
Integration costs	3,563		—		3,677		—
Employee termination charges	90		—		90		—
HHI Business Acquisition and integration related charges	$	10,141	$	—	$	24,753	$	—
Shaser	153		—		4,373		—
FURminator	562		2,114		1,233		4,599
Black Flag	11		532		39		1,817
Other	89		104		129		305
Total Acquisition and integration related charges	$	11,999	$	7,751	$	32,811	$	15,351

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of the activity in the Company’s non-vested restricted stock units during the six months ended March 31, 2013 is as follows:

Restricted Stock Units	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock units at September 30, 2012	1,931		$	28.45	$	54,931
Granted	614		45.23		27,772
Forfeited	(264	)	28.81		(7,606		)
Vested	(1,000	)	28.24		(28,236		)
Non-vested restricted stock units at March 31, 2013	1,281		$	36.58	$	46,861

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Derivative Financial Instruments Policies (Policies)

6 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Derivatives, Policy [Policy Text Block]

Other Changes in Fair Value of Derivative Contracts

For derivative instruments that are used to economically hedge the fair value of the Company’s third party and intercompany foreign currency payments, commodity purchases and interest rate payments, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change.

Cash Flow Hedges

When appropriate, the Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At March 31, 2013, the Company did not have any interest rate swaps outstanding.

The Company periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign currency denominated third party and intercompany sales or payments. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to Net sales or purchase price variance in Cost of goods sold. At March 31, 2013, the Company had a series of foreign exchange derivative contracts outstanding through June 2014 with a contract value of $147,027. The derivative net gain on these contracts recorded in AOCI by the Company at March 31, 2013 was $1,797, net of tax expense of $587. At March 31, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,829, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At March 31, 2013, the Company had a series of such swap contracts outstanding through September 2014 for 10 tons with a contract value of $19,887. The derivative net loss on these contracts recorded in AOCI by the Company at March 31, 2013 was $503, net of tax benefit of $79. At March 31, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $502, net of tax.

Derivative Contracts

The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited). The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At March 31, 2013 and September 30, 2012, the Company had $132,206 and $172,581, respectively, of notional value for such foreign exchange derivative contracts outstanding.

Changes in AOCI from Derivative Instruments

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of Accumulated Other Comprehensive Income ("AOCI") and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings.

DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading purposes. Derivative instruments are reported at fair value in the Condensed Consolidated Statements of Financial Position (unaudited). When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized in earnings. For derivatives that are not designated as cash flow hedges, or do not qualify for hedge accounting treatment, the change in the fair value is also immediately recognized in earnings.

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Fair Value Of Financial Instruments Summary (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Debt, Carrying Amount	$ (3,258,875)	$ (1,669,300)
Derivative Asset, Fair Value, Net	0	1,993
Derivative Liability, Fair Value, Net	(2,169)	(8,721)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Debt, Fair Value	3,500,810	1,804,831
Derivative Asset, Fair Value, Net	0	0
Derivative Liability, Fair Value, Net	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net	0	1,993
Derivative Liability, Fair Value, Net	(2,169)	(8,721)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net	0	0
Derivative Liability, Fair Value, Net	0		0
Commodity Contract [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net		1,993
Derivative Liability, Fair Value, Net	(618)
Commodity Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net		0
Derivative Liability, Fair Value, Net	0
Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net		1,993
Derivative Liability, Fair Value, Net	(618)
Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Net		0
Derivative Liability, Fair Value, Net	0
Foreign Exchange Contract [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Net	(1,551)	(8,721)
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Net	0	0
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Net	(1,551)	(8,721)
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Fair Value, Net	$ 0	$ 0

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Significant Accounting Policies Acquisition and Integration Costs (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	$ 11,999	$ 7,751	$ 32,811	$ 15,351
Russell Hobbs Merger [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Integration costs	880	2,785	1,935	5,193
Employee termination costs	152	1,907	259	2,516
Legal and professional fees	11	309	90	921
Acquisition and integration related charges	1,043	5,001	2,284	8,630
HHI Business [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Integration costs	3,563	0	3,677	0
Employee termination costs	90	0	90	0
Legal and professional fees	6,488	0	20,986	0
Acquisition and integration related charges	10,141	0	24,753	0
Shaser, Inc. [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	153	0	4,373	0
Series of Individually Immaterial Business Acquisitions [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	89	104	129	305
FURminator [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	562	2,114	1,233	4,599
Black Flag [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	$ 11	$ 532	$ 39	$ 1,817

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Comprehensive Income (Loss) Statement (Tables)

6 Months Ended

Mar. 31, 2013

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]

Schedule of Comprehensive Income (Loss) [Table Text Block]

The components of Other comprehensive income (loss), net of tax, for the three and six month periods ended March 31, 2013 and April 1, 2012 are as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(20,423		)	18,539			(17,555		)	3,610
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive (Loss) Income	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	1,498		$	(3,232	)	$	1,415		$	(2,819	)
Net reclassification adjustment for (gains) losses included in earnings	(16		)	1,121			427			3,523
Gross change after reclassification adjustment	1,482			(2,111		)	1,842			704
Deferred tax effect	(1,079		)	1,410			(1,129		)	413
Deferred tax valuation allowance	429			(525		)	365			(222		)
Other Comprehensive Income (Loss)	$	832		$	(1,226	)	$	1,078		$	895
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(901	)	$	(6	)	$	(1,590	)	$	323
Net reclassification adjustment for losses included in Cost of goods sold	327			152			654			167
Net reclassification adjustment for losses included in Selling expenses	41			19			81			21
Net reclassification adjustment for losses included in General and administrative expenses	152			71			304			77
Gross change after reclassification adjustment	(381		)	236			(551		)	588
Deferred tax effect	219			(8		)	243			(57		)
Deferred tax valuation allowance	12			(29		)	12			(29		)
Other Comprehensive (Loss) Income	$	(150	)	$	199		$	(296	)	$	502
Total Other Comprehensive (Loss) Income, net of tax	$	(19,741	)	$	17,512		$	(16,773	)	$	5,007

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Inventories Balance By Type (Tables)

6 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories for the Company, which are stated at the lower of cost or market, consist of the following:

	March 31, 2013		September 30, 2012
Raw materials	$	112,106	$	58,515
Work-in-process	51,598		23,434
Finished goods	541,705		370,684
	$	705,409	$	452,633

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Guarantor Financial Statements Guarantor Statement of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Net loss	$ (40,523)	$ (28,451)	$ (47,614)	$ (15,281)
Net (loss) income	(40,786)	(28,451)	(47,359)	(15,281)
Foreign currency translation	(20,423)	18,539	(17,555)	3,610
Unrealized gain (loss) on derivative instruments	832	(1,226)	1,078	895
Defined benefit pension (loss) gain	(150)	199	(296)	502
Other comprehensive income (loss), net of tax	(19,741)	17,512	(16,773)	5,007
Comprehensive loss	(60,264)	(10,939)	(64,387)	(10,274)
Less: Comprehensive income (loss) attributable to non-controlling interest	263		(255)
Comprehensive loss attributable to controlling interest	(60,527)	(10,939)	(64,132)	(10,274)
Less: Net income (loss) attributable to non-controlling interest	263	0	(255)	0
Parent [Member]
Net loss	(40,523)		(47,614)
Net (loss) income	(40,786)	(28,375)	(47,359)	(14,481)
Foreign currency translation	(20,423)	18,539	(17,555)	3,610
Unrealized gain (loss) on derivative instruments	(150)		(296)
Defined benefit pension (loss) gain	832	199	1,078	502
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		(1,226)		895
Other comprehensive income (loss), net of tax	(19,741)	17,512	(16,773)	5,007
Comprehensive loss	(60,264)		(64,387)
Comprehensive loss attributable to controlling interest	(60,527)	(10,863)	(64,132)	(9,474)
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Guarantor Subsidiaries [Member]
Net loss	36,713		85,050
Net (loss) income	36,450	39,979	85,305	81,031
Foreign currency translation	(20,494)	18,599	(17,623)	3,895
Unrealized gain (loss) on derivative instruments		(2,297)		(503)
Defined benefit pension (loss) gain	1,949	4,536	2,282	4,839
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(150)		(295)
Other comprehensive income (loss), net of tax	(18,695)	20,838	(15,636)	8,231
Comprehensive loss	18,018		69,414
Comprehensive loss attributable to controlling interest	17,755	60,817	69,669	89,262
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Non-Guarantor Subsidiaries [Member]
Net loss	21,840		67,700
Net (loss) income	21,577	28,319	67,955	73,631
Foreign currency translation	(20,515)	19,086	(17,704)	4,672
Unrealized gain (loss) on derivative instruments		(2,297)		(503)
Defined benefit pension (loss) gain	1,949	(79)	2,282	223
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(150)		(295)
Other comprehensive income (loss), net of tax	(18,716)	16,710	(15,717)	4,392
Comprehensive loss	3,124		51,983
Comprehensive loss attributable to controlling interest	2,861	45,029	52,238	78,023
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Consolidation, Eliminations [Member]
Net loss	(58,553)		(152,750)
Net (loss) income	(58,027)	(68,374)	(153,260)	(155,462)
Foreign currency translation	41,009	(37,685)	35,327	(8,567)
Unrealized gain (loss) on derivative instruments	300	4,594	590	1,006
Defined benefit pension (loss) gain	(3,898)	(4,457)	(4,564)	(5,062)
Other comprehensive income (loss), net of tax	37,411	(37,548)	31,353	(12,623)
Comprehensive loss	(21,142)		(121,397)
Comprehensive loss attributable to controlling interest	(20,616)	(105,922)	(121,907)	(168,085)
Less: Net income (loss) attributable to non-controlling interest	$ (526)		$ 510

XML

Goodwill And Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Goodwill and intangible assets of the Company consist of the following:

	Global Batteries & Appliances			Hardware & Home Improvement			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2012	$	268,556		$	—		$	237,932		$	187,757		$	694,245
Additions	65,618			682,285			—			—			747,903
Effect of translation	(2,918		)	(4,163		)	(1,100		)	—			(8,181		)
Balance at March 31, 2013	$	331,256		$	678,122		$	236,832		$	187,757		$	1,433,967
Intangible Assets:
Trade names Not Subject to Amortization
Balance at September 30, 2012	$	545,426		$	—		$	212,142		$	83,500		$	841,068
Additions	—			330,000			—			—			330,000
Effect of translation	(6,140		)	272			(668		)	—			(6,536		)
Balance at March 31, 2013	$	539,286		$	330,272		$	211,474		$	83,500		$	1,164,532
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			140,000			—			—			172,800
Amortization during period	(17,826		)	(3,911		)	(10,682		)	(4,738		)	(37,157		)
Effect of translation	(2,049		)	(156		)	(1,179		)	—			(3,384		)
Balance at March 31, 2013, net	$	460,037		$	135,933		$	252,761		$	157,389		$	1,006,120
Total Intangible Assets, net at March 31, 2013	$	999,323		$	466,205		$	464,235		$	240,889		$	2,170,652

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:

	March 31, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	174,724		$	90,924
Accumulated amortization	(30,308		)	(22,768		)
Carrying value, net	$	144,416		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	170,575		$	150,829
Accumulated amortization	(36,931		)	(28,347		)
Carrying value, net	$	133,644		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	864,550		$	796,235
Accumulated amortization	(136,490		)	(113,012		)
Carrying value, net	$	728,060		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,006,120		$	873,861

Amortization of Intangible Assets [Table Text Block]

Amortization expense for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,435	$	2,412	$	7,539	$	4,310
Trade names amortization	4,303		3,140		7,898		6,279
Customer relationships amortization	11,295		10,269		21,720		19,860
	$	20,033	$	15,821	$	37,157	$	30,449

XML

Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Mar. 31, 2013

Condensed Consolidating Guarantor Financial Statements [Abstract]

Schedule of Condensed Financial Statements [Table Text Block]

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	1,044		$	3,605		$	72,739		$	—		$	77,388
Receivables:
Trade accounts receivables, net of allowances	42,264			103,887			333,848			—			479,999
Intercompany receivables	298,023			942,217			164,920			(1,402,332		)	2,828
Other	2,482			—			47,153			—			49,635
Inventories	97,238			218,093			398,951			(8,873		)	705,409
Deferred income taxes	(1,699		)	24,280			(1,791		)	2,262			23,052
Prepaid expenses and other	118,915			9,630			29,952			1,467			159,964
Total current assets	558,267			1,301,712			1,045,772			(1,407,476		)	1,498,275
Property, plant and equipment, net	66,352			46,658			203,302			—			316,312
Long-term intercompany receivables	106,874			84,530			32,042			(223,446		)	—
Deferred charges and other	11,247			1,954			16,123			—			29,324
Goodwill	67,722			438,864			927,381			—			1,433,967
Intangible assets, net	509,746			756,384			904,522			—			2,170,652
Debt issuance costs	72,696			—			2,065			—			74,761
Investments in subsidiaries	3,930,636			2,358,179			445			(6,289,260		)	—
Total assets	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	7,065		$	1,313		$	21,073		$	—		$	29,451
Accounts payable	76,538			63,412			249,639			—			389,589
Intercompany accounts payable	968,306			364,862			(135,962		)	(1,197,206		)	—
Accrued liabilities:
Wages and benefits	9,648			7,499			41,319			—			58,466
Income taxes payable	546			(5		)	27,355			—			27,896
Accrued interest	61,258			—			227			—			61,485
Other	22,323			30,452			81,219			—			133,994
Total current liabilities	1,145,684			467,533			284,870			(1,197,206		)	700,881
Long-term debt, net of current maturities	3,109,559			2,903			116,962			—			3,229,424
Intercompany long-term debt	—			345,460			81,642			(427,102		)	—
Employee benefit obligations, net of current portion	26,450			—			73,138			—			99,588
Deferred income taxes	63,451			241,631			203,937			—			509,019
Other	19,348			118			12,924			—			32,390
Total liabilities	4,364,492			1,057,645			773,473			(1,624,308		)	4,571,302
Shareholders’ equity:
Other capital	1,383,601			3,220,488			2,214,589			(5,442,136		)	1,376,542
Accumulated (deficit) retained earnings	(423,784		)	689,381			118,494			(807,875		)	(423,784		)
Accumulated other comprehensive loss	(50,208		)	(33,406		)	(29,077		)	62,483			(50,208		)
Total shareholders’ equity	909,609			3,876,463			2,304,006			(6,187,528		)	902,550
Non-controlling interest	49,439			54,173			54,173			(108,346		)	49,439
Total equity	959,048			3,930,636			2,358,179			(6,295,874		)	951,989
Total liabilities and shareholders’ equity	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

September 30, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	6,729		$	13,302		$	137,841		$	—		$	157,872
Receivables:
Trade accounts receivables, net of allowances	51,991			87,382			195,928			—			335,301
Intercompany receivables	242,449			961,195			332,975			(1,534,668		)	1,951
Other	1,705			6,639			29,772			—			38,116
Inventories	87,482			174,254			197,467			(6,570		)	452,633
Deferred income taxes	(5,545		)	23,766			8,276			1,646			28,143
Prepaid expenses and other	16,534			4,721			28,022			(4		)	49,273
Total current assets	401,345			1,271,259			930,281			(1,539,596		)	1,063,289
Property, plant and equipment, net	61,246			47,633			105,138			—			214,017
Long term intercompany receivables	103,358			110,076			73,731			(287,165		)	—
Deferred charges and other	9,094			1,920			16,697			—			27,711
Goodwill	67,722			438,864			187,659			—			694,245
Intangible assets, net	514,968			777,220			422,741			—			1,714,929
Debt issuance costs	39,320			—			—			—			39,320
Investments in subsidiaries	2,678,029			1,120,830			445			(3,799,304		)	—
Total assets	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	3,939		$	1,667		$	10,808		$	—		$	16,414
Accounts payable	79,522			107,065			138,436			—			325,023
Intercompany accounts payable	993,646			321,210			20,261			(1,335,117		)	—
Accrued liabilities:
Wages and benefits	21,682			18,158			42,279			—			82,119
Income taxes payable	(96		)	64			30,304			—			30,272
Accrued interest	30,427			—			46			—			30,473
Other	20,331			38,366			65,900			—			124,597
Total current liabilities	1,149,451			486,530			308,034			(1,335,117		)	608,898
Long-term debt, net of current maturities	1,622,060			3,259			27,567			—			1,652,886
Long-term intercompany debt	—			376,754			109,966			(486,720		)	—
Employee benefit obligations, net of current portion	24,560			—			65,434			—			89,994
Deferred income taxes	64,727			222,994			89,744			—			377,465
Other	16,225			236			15,117			—			31,578
Total liabilities	2,877,023			1,089,773			615,862			(1,821,837		)	2,760,821
Shareholders’ equity:
Other equity	1,365,315			2,089,602			1,078,928			(3,173,899		)	1,359,946
Accumulated (deficit) retained earnings	(333,821		)	606,196			55,262			(661,458		)	(333,821		)
Accumulated other comprehensive (deficit) income	(33,435		)	(17,769		)	(13,360		)	31,129			(33,435		)
Total shareholders’ equity (deficit)	998,059			2,678,029			1,120,830			(3,804,228		)	992,690
Total liabilities and shareholders’ equity	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	130,097		$	290,154		$	802,963	$	(235,458	)	$	987,756
Cost of goods sold	93,825			196,155			606,450		(234,177		)	662,253
Restructuring and related charges	—			961			1,638		—			2,599
Gross profit	36,272			93,038			194,875		(1,281		)	322,904
Operating expenses:
Selling	18,736			36,857			115,715		(286		)	171,022
General and administrative	19,369			19,951			30,644		11			69,975
Research and development	4,214			2,672			4,974		—			11,860
Acquisition and integration related charges	7,826			1,410			2,763		—			11,999
Restructuring and related charges	111			2,222			2,971		—			5,304
	50,256			63,112			157,067		(275		)	270,160
Operating income	(13,984		)	29,926			37,808		(1,006		)	52,744
Interest expense	54,618			848			4,887		2			60,355
Other (income) expense, net	(38,414		)	(19,320		)	3,686		57,814			3,766
(Loss) income from continuing operations before income taxes	(30,188		)	48,398			29,235		(58,822		)	(11,377		)
Income tax expense	10,335			11,685			7,395		(269		)	29,146
Net (loss) income	(40,523		)	36,713			21,840		(58,553		)	(40,523		)
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	(40,786	)	$	36,450		$	21,577	$	(58,027	)	$	(40,786	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(40,523	)	$	36,713		$	21,840		$	(58,553	)	$	(40,523	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(20,423		)	(20,494		)	(20,515		)	41,009			(20,423		)
Unrealized gain on derivative instruments	832			1,949			1,949			(3,898		)	832
Defined benefit pension loss	(150		)	(150		)	(150		)	300			(150		)
Other comprehensive (loss) income	(19,741		)	(18,695		)	(18,716		)	37,411			(19,741		)
Comprehensive (loss) income	(60,264		)	18,018			3,124			(21,142		)	(60,264		)
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	(60,527		)	17,755			2,861			(20,616		)	(60,527		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	137,940		$	298,347		$	354,108		$	(44,110	)	$	746,285
Cost of goods sold	101,967			203,319			222,646			(43,338		)	484,594
Restructuring and related charges	—			1,206			454			—			1,660
Gross profit	35,973			93,822			131,008			(772		)	260,031
Operating expenses:
Selling	17,675			41,291			71,185			(239		)	129,912
General and administrative	16,751			21,361			18,222			4			56,338
Research and development	4,609			2,439			910			—			7,958
Acquisition and integration related charges	987			4,275			2,489			—			7,751
Restructuring and related charges	660			1,716			233			—			2,609
	40,682			71,082			93,039			(235		)	204,568
Operating (loss) income	(4,709		)	22,740			37,969			(537		)	55,463
Interest expense	64,582			1,162			3,524			5			69,273
Other (income) expense, net	(37,456		)	(31,849		)	(1,274		)	68,387			(2,192		)
(Loss) income from continuing operations before income taxes	(31,835		)	53,427			35,719			(68,929		)	(11,618		)
Income tax (benefit) expense	(3,460		)	13,448			7,400			(555		)	16,833
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)
Other comprehensive income, net of tax:
Foreign currency translation	18,539			18,599			19,086			(37,685		)	18,539
Unrealized loss on derivative instruments	(1,226		)	(2,297		)	(2,297		)	4,594			(1,226		)
Defined benefit pension gain (loss)	199			4,536			(79		)	(4,457		)	199
Other comprehensive income	17,512			20,838			16,710			(37,548		)	17,512
Comprehensive (loss) income	(10,863		)	60,817			45,029			(105,922		)	(10,939		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	327,854		$	523,659		$	1,385,136		$	(378,625	)	$	1,858,024
Cost of goods sold	236,795			363,562			1,018,787			(375,865		)	1,243,279
Restructuring and related charges	—			1,579			2,106			—			3,685
Gross profit	91,059			158,518			364,243			(2,760		)	611,060
Operating expenses:
Selling	39,203			69,584			191,453			(457		)	299,783
General and administrative	34,736			36,554			54,711			20			126,021
Research and development	8,524			4,934			6,573			—			20,031
Acquisition and integration related charges	26,805			2,664			3,342			—			32,811
Restructuring and related charges	462			6,339			4,005			—			10,806
	109,730			120,075			260,084			(437		)	489,452
Operating (loss) income	(18,671		)	38,443			104,159			(2,323		)	121,608
Interest expense	113,122			2,150			8,859			4			124,135
Other (income) expense, net	(83,331		)	(67,197		)	4,817			151,039			5,328
(Loss) income from continuing operations before income taxes	(48,462		)	103,490			90,483			(153,366		)	(7,855		)
Income tax (benefit) expense	(848		)	18,440			22,783			(616		)	39,759
Net (loss) income	(47,614		)	85,050			67,700			(152,750		)	(47,614		)
Less: Net loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Net (loss) income attributable to controlling interest	$	(47,359	)	$	85,305		$	67,955		$	(153,260	)	$	(47,359	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(47,614	)	$	85,050		$	67,700		$	(152,750	)	$	(47,614	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(17,555		)	(17,623		)	(17,704		)	35,327			(17,555		)
Unrealized gain on derivative instruments	1,078			2,282			2,282			(4,564		)	1,078
Defined benefit pension loss	(296		)	(295		)	(295		)	590			(296		)
Other comprehensive (loss) income	(16,773		)	(15,636		)	(15,717		)	31,353			(16,773		)
Comprehensive (loss) income	(64,387		)	69,414			51,983			(121,397		)	(64,387		)
Less: Comprehensive loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Comprehensive (loss) income attributable to controlling interest	(64,132		)	69,669			52,238			(121,907		)	(64,132		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	339,938		$	553,892		$	785,565		$	(84,339	)	$	1,595,056
Cost of goods sold	245,005			394,329			488,195			(82,795		)	1,044,734
Restructuring and related charges	—			2,791			3,474			—			6,265
Gross profit	94,933			156,772			293,896			(1,544		)	544,057
Operating expenses:
Selling	37,755			75,634			148,753			(471		)	261,671
General and administrative	31,191			37,447			38,125			4			106,767
Research and development	8,600			4,699			1,894			—			15,193
Acquisition and integration related charges	6,309			5,928			3,114			—			15,351
Restructuring and related charges	1,456			3,161			1,112			—			5,729
	85,311			126,869			192,998			(467		)	404,711
Operating income	9,622			29,903			100,898			(1,077		)	139,346
Interest expense	101,053			2,359			7,070			1			110,483
Other (income) expense, net	(84,981		)	(69,672		)	(45		)	154,699			1
(Loss) income from continuing operations before income taxes	(6,450		)	97,216			93,873			(155,777		)	28,862
Income tax expense	8,031			16,185			20,242			(315		)	44,143
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)
Other comprehensive income, net of tax:
Foreign currency translation	3,610			3,895			4,672			(8,567		)	3,610
Unrealized gain (loss) on derivative instruments	895			(503		)	(503		)	1,006			895
Defined benefit pension gain	502			4,839			223			(5,062		)	502
Other comprehensive income	5,007			8,231			4,392			(12,623		)	5,007
Comprehensive (loss) income	(9,474		)	89,262			78,023			(168,085		)	(10,274		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(366,560	)	$	217,161		$	46,214		$	(94,634	)	$	(197,819	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(9,442		)	(3,542		)	(7,687		)	—			(20,671		)
Acquisition of Shaser, net of cash acquired	—			—			(23,919		)	—			(23,919		)
Acquisition of the HHI Business, net of cash acquired	—			(1,266,120		)	—			—			(1,266,120		)
Escrow payment - TLM Taiwan acquisition	(100,000		)	—			—			—			(100,000		)
Other investing activities	3			(7		)	36			—			32
Net cash used by investing activities	(109,439		)	(1,269,669		)	(31,570		)	—			(1,410,678		)
Cash flows from financing activities:
Proceeds from issuance of Term Loan	700,000			—			92,000			—			792,000
Proceeds from issuance of 6.375% Notes	520,000			—			—			—			520,000
Proceeds from issuance of 6.625% Notes	570,000			—			—			—			570,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(372,172		)	—			—			—			(372,172		)
Debt issuance costs	(42,027		)	—			(2,136		)	—			(44,163		)
Other debt financing, net	—			—			4,125			—			4,125
Reduction of other debt	—			—			(1,486		)	—			(1,486		)
ABL revolving credit facility, net	76,500			—			—			—			76,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(42,604		)	—			—			—			(42,604		)
Advances related to intercompany transactions	(967,945		)	1,042,811			(169,500		)	94,634			—
Net cash provided (used) by financing activities	470,314			1,042,811			(76,997		)	94,634			1,530,762
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,836		)	—			(1,836		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(913		)	—			(913		)
Net (decrease) increase in cash and cash equivalents	(5,685		)	(9,697		)	(65,102		)	—			(80,484		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	1,044		$	3,605		$	72,739		$	—		$	77,388

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(27,616		)	236,366			53,143			(416,697		)	(154,804		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(6,982		)	(5,597		)	(6,011		)	—			(18,590		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	—			(111		)	(1,852		)	—			(1,963		)
Net cash used by investing activities	(6,982		)	(188,848		)	(7,863		)	—			(203,693		)
Cash flows from financing activities:
Proceeds from 6.75% Notes	300,000			—			—			—			300,000
Payment of 12% Notes, including tender and call premium	(270,431		)	—			—			—			(270,431		)
Proceeds from new 9.5% Notes, including premium	217,000			—			—			—			217,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(2,727		)	—			—			—			(2,727		)
Debt issuance costs	(9,941		)	—			—			—			(9,941		)
Other debt financing, net	—			—			11,866			—			11,866
Reduction of other debt	(25,000		)	—			(1,371		)	—			(26,371		)
ABL revolving credit facility, net	50,000			—			—			—			50,000
Other financing activities	—			(954		)	—			—			(954		)
Proceeds from (advances related to) intercompany transactions	(223,888		)	(53,037		)	(139,772		)	416,697			—
Net cash provided (used) by financing activities	35,013			(53,991		)	(129,277		)	416,697			268,442
Effect of exchange rate changes on cash and cash equivalents	—			—			(671		)	—			(671		)
Net (decrease) increase in cash and cash equivalents	415			(6,473		)	(84,668		)	—			(90,726		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,316		$	48,908		$	—		$	51,688

XML

Derivative Financial Instruments Balances in the Statement of Financial Position (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Derivatives, Fair Value [Line Items]
Derivative Credit Risk Valuation Adjustment, Derivative Assets	$ 13	$ 46
Derivative Asset, Fair Value, Gross Asset	3,364	3,237
Derivative Liability, Fair Value, Gross Liability	5,533	9,965
Accumulated other comprehensive loss	(50,208)	(33,435)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Collateral Already Posted, Aggregate Fair Value	450	50
Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	3,257	3,196
Derivative Liability, Fair Value, Gross Liability	1,491	3,072
Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Nonmonetary Notional Amount	10,000
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	(502)
Accumulated other comprehensive loss	(503)
Accumulated Other Comprehensive Income, Tax Effect	(79)
Derivative, Notional Amount	19,887
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	61	985
Cash Flow Hedging [Member] | Commodity Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	680	9
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	67	0
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	68	1,017
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss	1,797
Accumulated Other Comprehensive Income, Tax Effect	587
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	1,829
Derivative, Notional Amount	147,027
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,981	1,194
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	681	3,063
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	63	0
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	147	0
Fair Value Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	132,206	172,581
Fair Value Hedging [Member] | Foreign Exchange Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	3,234	3,967
Fair Value Hedging [Member] | Foreign Exchange Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	808	2,926
Fair Value Hedging [Member] | Foreign Exchange [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 107	$ 41

XML

Condensed Consolidated Statements Of Financial Position (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Assets
Cash and cash equivalents	$ 77,388	$ 157,872
Receivables:
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	479,999	335,301
Other	52,463	40,067
Inventories	705,409	452,633
Deferred income taxes	23,052	28,143
Prepaid expenses and other	159,964	49,273
Total current assets	1,498,275	1,063,289
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	316,312	214,017
Deferred charges and other	29,324	27,711
Goodwill	1,433,967	694,245
Intangible assets, net	2,170,652	1,714,929
Debt issuance costs	74,761	39,320
Total assets	5,523,291	3,753,511
Liabilities and Shareholders’ Equity
Current maturities of long-term debt	29,451	16,414
Accounts payable	389,589	325,023
Accrued liabilities:
Wages and benefits	58,466	82,119
Income taxes payable	27,896	30,272
Accrued interest	61,485	30,473
Other	133,994	124,597
Total current liabilities	700,881	608,898
Long-term debt, net of current maturities	3,229,424	1,652,886
Employee benefit obligations, net of current portion	99,588	89,994
Deferred income taxes	509,019	377,465
Other	32,390	31,578
Total liabilities	4,571,302	2,760,821
Shareholders’ equity:
Other capital	1,376,542	1,359,946
Accumulated deficit	(423,784)	(333,821)
Accumulated other comprehensive loss	(50,208)	(33,435)
Total shareholders' equity	902,550	992,690
Non-controlling interest	49,439	0
Total equity	951,989	992,690
Total liabilities and equity	$ 5,523,291	$ 3,753,511

XML

Significant Accounting Policies Concentration of Risk (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Sep. 30, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration Risk, Percentage	37.00%	42.00%	44.00%	46.00%
Entity-Wide Revenue, Major Customer, Percentage	16.00%	21.00%	19.00%	23.00%
Accounts Receivable, Major Customer, Percentage	9.00%		9.00%		13.00%

XML

Guarantor Financial Statements (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Cash Equivalents, at Carrying Value	$ 77,388	$ 157,872
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	479,999	335,301
Accounts Receivable, Related Parties	2,828	1,951
Other Receivables	49,635	38,116
Inventories	705,409	452,633
Deferred Tax Assets, Net, Current	23,052	28,143
Prepaid expenses and other	159,964	49,273
Assets, Current	1,498,275	1,063,289
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	316,312	214,017
Due from Related Parties, Noncurrent	0	0
Deferred charges and other	29,324	27,711
Goodwill	1,433,967	694,245
Intangible assets, net	2,170,652	1,714,929
Debt issuance costs	74,761	39,320
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
Total assets	5,523,291	3,753,511
Current maturities of long-term debt	29,451	16,414
Accounts payable	389,589	325,023
Accounts Payable, Related Parties, Current	0	0
Wages and benefits	58,466	82,119
Income taxes payable	27,896	30,272
Accrued interest	61,485	30,473
Other	133,994	124,597
Liabilities, Current	700,881	608,898
Long-term debt, net of current maturities	3,229,424	1,652,886
Due to Related Parties, Noncurrent	0	0
Employee benefit obligations, net of current portion	99,588	89,994
Deferred income taxes	509,019	377,465
Other	32,390	31,578
Liabilities	4,571,302	2,760,821
Other Capital	1,376,542	1,359,946
Accumulated deficit	(423,784)	(333,821)
Accumulated other comprehensive loss	(50,208)	(33,435)
Stockholders' Equity Attributable to Parent	902,550	992,690
Non-controlling interest	49,439	0
Total equity	951,989	992,690
Liabilities and Equity	5,523,291	3,753,511
Parent Company [Member]
Cash Equivalents, at Carrying Value	1,044	6,729
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	42,264	51,991
Accounts Receivable, Related Parties	298,023	242,449
Other Receivables	2,482	1,705
Inventories	97,238	87,482
Deferred Tax Assets, Net, Current	(1,699)	(5,545)
Prepaid expenses and other	118,915	16,534
Assets, Current	558,267	401,345
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	66,352	61,246
Due from Related Parties, Noncurrent	106,874	103,358
Deferred charges and other	11,247	9,094
Goodwill	67,722	67,722
Intangible assets, net	509,746	514,968
Debt issuance costs	72,696	39,320
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	3,930,636	2,678,029
Total assets	5,323,540	3,875,082
Current maturities of long-term debt	7,065	3,939
Accounts payable	76,538	79,522
Accounts Payable, Related Parties, Current	968,306	993,646
Wages and benefits	9,648	21,682
Income taxes payable	546	(96)
Accrued interest	61,258	30,427
Other	22,323	20,331
Liabilities, Current	1,145,684	1,149,451
Long-term debt, net of current maturities	3,109,559	1,622,060
Due to Related Parties, Noncurrent	0	0
Employee benefit obligations, net of current portion	26,450	24,560
Deferred income taxes	63,451	64,727
Other	19,348	16,225
Liabilities	4,364,492	2,877,023
Other Capital	1,383,601	1,365,315
Accumulated deficit	(423,784)	(333,821)
Accumulated other comprehensive loss	(50,208)	(33,435)
Stockholders' Equity Attributable to Parent	909,609	998,059
Non-controlling interest	49,439
Total equity	959,048
Liabilities and Equity	5,323,540	3,875,082
Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	3,605	13,302
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	103,887	87,382
Accounts Receivable, Related Parties	942,217	961,195
Other Receivables	0	6,639
Inventories	218,093	174,254
Deferred Tax Assets, Net, Current	24,280	23,766
Prepaid expenses and other	9,630	4,721
Assets, Current	1,301,712	1,271,259
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	46,658	47,633
Due from Related Parties, Noncurrent	84,530	110,076
Deferred charges and other	1,954	1,920
Goodwill	438,864	438,864
Intangible assets, net	756,384	777,220
Debt issuance costs	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	2,358,179	1,120,830
Total assets	4,988,281	3,767,802
Current maturities of long-term debt	1,313	1,667
Accounts payable	63,412	107,065
Accounts Payable, Related Parties, Current	364,862	321,210
Wages and benefits	7,499	18,158
Income taxes payable	(5)	64
Accrued interest	0	0
Other	30,452	38,366
Liabilities, Current	467,533	486,530
Long-term debt, net of current maturities	2,903	3,259
Due to Related Parties, Noncurrent	345,460	376,754
Employee benefit obligations, net of current portion	0	0
Deferred income taxes	241,631	222,994
Other	118	236
Liabilities	1,057,645	1,089,773
Other Capital	3,220,488	2,089,602
Accumulated deficit	689,381	606,196
Accumulated other comprehensive loss	(33,406)	(17,769)
Stockholders' Equity Attributable to Parent	3,876,463	2,678,029
Non-controlling interest	54,173
Total equity	3,930,636
Liabilities and Equity	4,988,281	3,767,802
Non-Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	72,739	137,841
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	333,848	195,928
Accounts Receivable, Related Parties	164,920	332,975
Other Receivables	47,153	29,772
Inventories	398,951	197,467
Deferred Tax Assets, Net, Current	(1,791)	8,276
Prepaid expenses and other	29,952	28,022
Assets, Current	1,045,772	930,281
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	203,302	105,138
Due from Related Parties, Noncurrent	32,042	73,731
Deferred charges and other	16,123	16,697
Goodwill	927,381	187,659
Intangible assets, net	904,522	422,741
Debt issuance costs	2,065	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	445	445
Total assets	3,131,652	1,736,692
Current maturities of long-term debt	21,073	10,808
Accounts payable	249,639	138,436
Accounts Payable, Related Parties, Current	(135,962)	20,261
Wages and benefits	41,319	42,279
Income taxes payable	27,355	30,304
Accrued interest	227	46
Other	81,219	65,900
Liabilities, Current	284,870	308,034
Long-term debt, net of current maturities	116,962	27,567
Due to Related Parties, Noncurrent	81,642	109,966
Employee benefit obligations, net of current portion	73,138	65,434
Deferred income taxes	203,937	89,744
Other	12,924	15,117
Liabilities	773,473	615,862
Other Capital	2,214,589	1,078,928
Accumulated deficit	118,494	55,262
Accumulated other comprehensive loss	(29,077)	(13,360)
Stockholders' Equity Attributable to Parent	2,304,006	1,120,830
Non-controlling interest	54,173
Total equity	2,358,179
Liabilities and Equity	3,131,652	1,736,692
Consolidation, Eliminations [Member]
Cash Equivalents, at Carrying Value	0	0
Trade accounts receivable, net of allowances of $28,546 and $21,870, respectively	0	0
Accounts Receivable, Related Parties	(1,402,332)	(1,534,668)
Other Receivables	0	0
Inventories	(8,873)	(6,570)
Deferred Tax Assets, Net, Current	2,262	1,646
Prepaid expenses and other	1,467	(4)
Assets, Current	(1,407,476)	(1,539,596)
Property, plant and equipment, net of accumulated depreciation of $166,643 and $139,994, respectively	0	0
Due from Related Parties, Noncurrent	(223,446)	(287,165)
Deferred charges and other	0	0
Goodwill	0	0
Intangible assets, net	0	0
Debt issuance costs	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	(6,289,260)	(3,799,304)
Total assets	(7,920,182)	(5,626,065)
Current maturities of long-term debt	0	0
Accounts payable	0	0
Accounts Payable, Related Parties, Current	(1,197,206)	(1,335,117)
Wages and benefits	0	0
Income taxes payable	0	0
Accrued interest	0	0
Other	0	0
Liabilities, Current	(1,197,206)	(1,335,117)
Long-term debt, net of current maturities	0	0
Due to Related Parties, Noncurrent	(427,102)	(486,720)
Employee benefit obligations, net of current portion	0	0
Deferred income taxes	0	0
Other	0	0
Liabilities	(1,624,308)	(1,821,837)
Other Capital	(5,442,136)	(3,173,899)
Accumulated deficit	(807,875)	(661,458)
Accumulated other comprehensive loss	62,483	31,129
Stockholders' Equity Attributable to Parent	(6,187,528)	(3,804,228)
Non-controlling interest	(108,346)
Total equity	(6,295,874)
Liabilities and Equity	$ (7,920,182)	$ (5,626,065)

XML

Segment Results (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Sep. 30, 2012
Segment Reporting Information [Line Items]
Net sales	$ 987,756	$ 746,285	$ 1,858,024	$ 1,595,056
Acquisition and integration related charges	11,999	7,751	32,811	15,351
Restructuring and related charges	7,903	4,269	14,491	11,994
Interest expense	60,355	69,273	124,135	110,483
Other expense (income), net	3,766	(2,192)	5,328	1
(Loss) income from continuing operations before income taxes	(11,377)	(11,618)	(7,855)	28,862
Total assets	5,523,291		5,523,291		3,753,511
Global Batteries & Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	468,632	480,069	1,134,643	1,169,249
Segment profit	41,415	40,427	136,792	138,632
Global Pet Supplies [Member]
Segment Reporting Information [Line Items]
Net sales	160,436	156,529	300,199	291,467
Segment profit	20,332	19,248	36,273	35,309
Home and Garden Business [Member]
Segment Reporting Information [Line Items]
Net sales	102,011	109,687	132,523	134,340
Segment profit	20,792	22,204	16,531	16,285
Hardware & Home Improvement [Member]
Segment Reporting Information [Line Items]
Net sales	256,677	0	290,659	0
Segment profit	6,730	0	3,520	0
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment profit	89,269	81,879	193,116	190,226
Total assets	5,445,896		5,445,896		3,707,598
Corporate [Member]
Segment Reporting Information [Line Items]
Segment profit	16,623	14,396	24,206	23,535
Total assets	77,395		77,395		45,913
Consumer Batteries [Member]
Segment Reporting Information [Line Items]
Net sales	199,747	205,061	470,728	473,080
Small Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	154,647	159,428	374,707	402,489
Electric Shaving and Grooming Products [Member]
Segment Reporting Information [Line Items]
Net sales	53,309	55,796	146,236	152,119
Electric Personal Care Products [Member]
Segment Reporting Information [Line Items]
Net sales	$ 60,929	$ 59,784	$ 142,972	$ 141,561

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Fair Value Of Financial Instruments (Tables)

6 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements, Nonrecurring [Table Text Block]

The Company’s net derivative portfolio as of March 31, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of March 31, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Total Assets, net	$	—	$	—		$	—	$	—
Liabilities:
Commodity contracts, net	$	—	$	(618	)	$	—	$	(618	)
Foreign exchange contracts, net	—		(1,551		)	—		(1,551		)
Total Liabilities, net	$	—	$	(2,169	)	$	—	$	(2,169	)

The Company’s net derivative portfolio as of September 30, 2012, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of September 30, 2012 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Commodity contracts, net	$	—	$	1,993		$	—	$	1,993
Total Assets, net	$	—	$	1,993		$	—	$	1,993
Liabilities:
Foreign exchange contracts, net	$	—	$	(8,721	)	$	—	$	(8,721	)
Total Liabilities, net	$	—	$	(8,721	)	$	—	$	(8,721	)

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and fair values of the Company’s financial instruments are summarized as follows ((liability)/asset):

	March 31, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,258,875	)	$	(3,500,810	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(618		)	(618		)	1,993			1,993
Foreign exchange forward agreements	(1,551		)	(1,551		)	(8,721		)	(8,721		)

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Commitments And Contingencies

6 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

COMMITMENTS AND CONTINGENCIES

The Company has provided for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability which may result from resolution of these matters in excess of the amounts provided of approximately $5,250, will not have a material adverse effect on the financial condition, results of operations or cash flows of the Company.

The Company is a defendant in various other matters of litigation generally arising out of the ordinary course of business.

The Company does not believe that the resolution of any other matters or proceedings presently pending will have a material adverse effect on its results of operations, financial condition, liquidity or cash flows.

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Employee Benefit Plans (Tables)

6 Months Ended

Mar. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The Company’s results of operations for the three and six month periods ended March 31, 2013 and April 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Six Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	825		$	578		$	1,549		$	1,122
Interest cost	2,464			2,552			4,827			4,478
Expected return on assets	(2,196		)	(2,051		)	(4,392		)	(3,327		)
Recognized net actuarial loss	520			242			1,039			265
Employee contributions	(46		)	(46		)	(92		)	(92		)
Net periodic benefit cost	$	1,567		$	1,275		$	2,931		$	2,446

Pension Contributions [Table Text Block]

The Company’s contributions to its pension and deferred compensation plans for the three and six month periods ended March 31, 2013 and April 1, 2012 were as follows:

	Three Months Ended				Six Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,095	$	1,655	$	1,702	$	2,479

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New Accounting Pronouncements

6 Months Ended

Mar. 31, 2013

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

NEW ACCOUNTING PRONOUNCEMENTS

Presentation of Comprehensive Income

In June 2011, the Financial Accounting Standards Board ("FASB") issued new accounting guidance which requires entities to present net income and other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. The guidance requiring disclosure of the income statement location where gains and losses reclassified out of comprehensive income are included was deferred in December 2011. In November 2012, the FASB clarified its position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The accounting guidance requiring a comprehensive income statement is now effective for the Company. The Company has implemented all required disclosures.

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Guarantor Financial Statements Guarantor Statement of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Cash Equivalents, at Carrying Value	$ 77,388		$ 77,388
Net sales	987,756	746,285	1,858,024	1,595,056
Cost of Goods Sold	662,253	484,594	1,243,279	1,044,734
Restructuring and related charges	7,903	4,269	14,491	11,994
Total operating expenses	270,160	204,568	489,452	404,711
Operating income	52,744	55,463	121,608	139,346
Gross profit	322,904	260,031	611,060	544,057
Interest expense	60,355	69,273	124,135	110,483
Selling Expense	171,022	129,912	299,783	261,671
General and Administrative Expense	69,975	56,338	126,021	106,767
Research and Development Expense	11,860	7,958	20,031	15,193
Acquisition and integration related charges	11,999	7,751	32,811	15,351
Other expense (income), net	3,766	(2,192)	5,328	1
(Loss) income from continuing operations before income taxes	(11,377)	(11,618)	(7,855)	28,862
Income Tax Expense (Benefit)	29,146	16,833	39,759	44,143
Net loss	(40,523)	(28,451)	(47,614)	(15,281)
Less: Net income (loss) attributable to non-controlling interest	263	0	(255)	0
Net (loss) income	(40,786)	(28,451)	(47,359)	(15,281)
Cost of Sales [Member]
Restructuring and related charges	2,599	1,660	3,685	6,265
Operating Expense [Member]
Restructuring and related charges	5,304	2,609	10,806	5,729
Parent Company [Member]
Cash Equivalents, at Carrying Value	1,044		1,044
Parent [Member]
Net sales	130,097	137,940	327,854	339,938
Cost of Goods Sold	93,825	101,967	236,795	245,005
Total operating expenses	50,256	40,682	109,730	85,311
Operating income	(13,984)	(4,709)	(18,671)	9,622
Gross profit	36,272	35,973	91,059	94,933
Interest expense	54,618	64,582	113,122	101,053
Selling Expense	18,736	17,675	39,203	37,755
General and Administrative Expense	19,369	16,751	34,736	31,191
Research and Development Expense	4,214	4,609	8,524	8,600
Acquisition and integration related charges	7,826	987	26,805	6,309
Other expense (income), net	(38,414)	(37,456)	(83,331)	(84,981)
(Loss) income from continuing operations before income taxes	(30,188)	(31,835)	(48,462)	(6,450)
Income Tax Expense (Benefit)	10,335	(3,460)	(848)	8,031
Net loss	(40,523)		(47,614)
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Net (loss) income	(40,786)	(28,375)	(47,359)	(14,481)
Parent [Member] | Cost of Sales [Member]
Restructuring and related charges	0	0	0	0
Parent [Member] | Operating Expense [Member]
Restructuring and related charges	111	660	462	1,456
Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	3,605		3,605
Net sales	290,154	298,347	523,659	553,892
Cost of Goods Sold	196,155	203,319	363,562	394,329
Total operating expenses	63,112	71,082	120,075	126,869
Operating income	29,926	22,740	38,443	29,903
Gross profit	93,038	93,822	158,518	156,772
Interest expense	848	1,162	2,150	2,359
Selling Expense	36,857	41,291	69,584	75,634
General and Administrative Expense	19,951	21,361	36,554	37,447
Research and Development Expense	2,672	2,439	4,934	4,699
Acquisition and integration related charges	1,410	4,275	2,664	5,928
Other expense (income), net	(19,320)	(31,849)	(67,197)	(69,672)
(Loss) income from continuing operations before income taxes	48,398	53,427	103,490	97,216
Income Tax Expense (Benefit)	11,685	13,448	18,440	16,185
Net loss	36,713		85,050
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Net (loss) income	36,450	39,979	85,305	81,031
Guarantor Subsidiaries [Member] | Cost of Sales [Member]
Restructuring and related charges	961	1,206	1,579	2,791
Guarantor Subsidiaries [Member] | Operating Expense [Member]
Restructuring and related charges	2,222	1,716	6,339	3,161
Non-Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	72,739		72,739
Net sales	802,963	354,108	1,385,136	785,565
Cost of Goods Sold	606,450	222,646	1,018,787	488,195
Total operating expenses	157,067	93,039	260,084	192,998
Operating income	37,808	37,969	104,159	100,898
Gross profit	194,875	131,008	364,243	293,896
Interest expense	4,887	3,524	8,859	7,070
Selling Expense	115,715	71,185	191,453	148,753
General and Administrative Expense	30,644	18,222	54,711	38,125
Research and Development Expense	4,974	910	6,573	1,894
Acquisition and integration related charges	2,763	2,489	3,342	3,114
Other expense (income), net	3,686	(1,274)	4,817	(45)
(Loss) income from continuing operations before income taxes	29,235	35,719	90,483	93,873
Income Tax Expense (Benefit)	7,395	7,400	22,783	20,242
Net loss	21,840		67,700
Less: Net income (loss) attributable to non-controlling interest	263		(255)
Net (loss) income	21,577	28,319	67,955	73,631
Non-Guarantor Subsidiaries [Member] | Cost of Sales [Member]
Restructuring and related charges	1,638	454	2,106	3,474
Non-Guarantor Subsidiaries [Member] | Operating Expense [Member]
Restructuring and related charges	2,971	233	4,005	1,112
Consolidation, Eliminations [Member]
Cash Equivalents, at Carrying Value	0		0
Net sales	(235,458)	(44,110)	(378,625)	(84,339)
Cost of Goods Sold	(234,177)	(43,338)	(375,865)	(82,795)
Total operating expenses	(275)	(235)	(437)	(467)
Operating income	(1,006)	(537)	(2,323)	(1,077)
Gross profit	(1,281)	(772)	(2,760)	(1,544)
Interest expense	2	5	4	1
Selling Expense	(286)	(239)	(457)	(471)
General and Administrative Expense	11	4	20	4
Research and Development Expense	0	0	0	0
Acquisition and integration related charges	0	0	0	0
Other expense (income), net	57,814	68,387	151,039	154,699
(Loss) income from continuing operations before income taxes	(58,822)	(68,929)	(153,366)	(155,777)
Income Tax Expense (Benefit)	(269)	(555)	(616)	(315)
Net loss	(58,553)		(152,750)
Less: Net income (loss) attributable to non-controlling interest	(526)		510
Net (loss) income	(58,027)	(68,374)	(153,260)	(155,462)
Consolidation, Eliminations [Member] | Cost of Sales [Member]
Restructuring and related charges	0	0	0	0
Consolidation, Eliminations [Member] | Operating Expense [Member]
Restructuring and related charges	$ 0	$ 0	$ 0	$ 0

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Condensed Consolidated Statements Of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Income Statement [Abstract]
Net sales	$ 987,756	$ 746,285	$ 1,858,024	$ 1,595,056
Cost of goods sold	662,253	484,594	1,243,279	1,044,734
Restructuring and related charges	7,903	4,269	14,491	11,994
Gross profit	322,904	260,031	611,060	544,057
Selling	171,022	129,912	299,783	261,671
General and administrative	69,975	56,338	126,021	106,767
Research and development	11,860	7,958	20,031	15,193
Acquisition and integration related charges	11,999	7,751	32,811	15,351
Total operating expenses	270,160	204,568	489,452	404,711
Operating income	52,744	55,463	121,608	139,346
Interest expense	60,355	69,273	124,135	110,483
Other expense (income), net	3,766	(2,192)	5,328	1
(Loss) income from continuing operations before income taxes	(11,377)	(11,618)	(7,855)	28,862
Income tax expense	29,146	16,833	39,759	44,143
Net loss	(40,523)	(28,451)	(47,614)	(15,281)
Less: Net income (loss) attributable to non-controlling interest	263	0	(255)	0
Net (loss) income	(40,786)	(28,451)	(47,359)	(15,281)
Cost of Sales [Member]
Income Statement [Abstract]
Restructuring and related charges	2,599	1,660	3,685	6,265
Operating Expense [Member]
Income Statement [Abstract]
Restructuring and related charges	$ 5,304	$ 2,609	$ 10,806	$ 5,729

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Fair Value Of Financial Instruments

6 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Of Financial Instruments

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s net derivative portfolio as of March 31, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of March 31, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Total Assets, net	$	—	$	—		$	—	$	—
Liabilities:
Commodity contracts, net	$	—	$	(618	)	$	—	$	(618	)
Foreign exchange contracts, net	—		(1,551		)	—		(1,551		)
Total Liabilities, net	$	—	$	(2,169	)	$	—	$	(2,169	)

The Company’s net derivative portfolio as of September 30, 2012, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of September 30, 2012 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Commodity contracts, net	$	—	$	1,993		$	—	$	1,993
Total Assets, net	$	—	$	1,993		$	—	$	1,993
Liabilities:
Foreign exchange contracts, net	$	—	$	(8,721	)	$	—	$	(8,721	)
Total Liabilities, net	$	—	$	(8,721	)	$	—	$	(8,721	)

The carrying values of cash and cash equivalents, accounts and notes receivable, accounts payable and non-publicly traded debt approximate fair value. The fair values of long-term publicly traded debt are based on unadjusted quoted market prices (Level 1) and derivative financial instruments are generally based on quoted or observed market prices (Level 2).

The carrying values of goodwill, intangible assets and other long-lived assets are tested annually, or more frequently if an event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3).

The carrying amounts and fair values of the Company’s financial instruments are summarized as follows ((liability)/asset):

	March 31, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,258,875	)	$	(3,500,810	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(618		)	(618		)	1,993			1,993
Foreign exchange forward agreements	(1,551		)	(1,551		)	(8,721		)	(8,721		)

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Document And Entity Information	6 Months Ended
	Mar. 31, 2013	May 08, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2013
Entity Registrant Name	Spectrum Brands, Inc.
Entity Central Index Key	0001028985
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

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Employee Benefit Plans

6 Months Ended

Mar. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the U.S. and certain employees in other countries, including the United Kingdom, the Netherlands, Germany, Guatemala, Brazil and Mexico. These pension plans generally provide benefits of stated amounts for each year of service.

The Company’s results of operations for the three and six month periods ended March 31, 2013 and April 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Six Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	825		$	578		$	1,549		$	1,122
Interest cost	2,464			2,552			4,827			4,478
Expected return on assets	(2,196		)	(2,051		)	(4,392		)	(3,327		)
Recognized net actuarial loss	520			242			1,039			265
Employee contributions	(46		)	(46		)	(92		)	(92		)
Net periodic benefit cost	$	1,567		$	1,275		$	2,931		$	2,446

The Company funds its U.S. pension plans in accordance with the Internal Revenue Service (“IRS”) defined guidelines and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with the Company’s funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. The Company’s contributions to its pension and deferred compensation plans for the three and six month periods ended March 31, 2013 and April 1, 2012 were as follows:

	Three Months Ended				Six Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,095	$	1,655	$	1,702	$	2,479

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Company contributions charged to operations, including discretionary amounts, for the three and six month periods ended March 31, 2013 were $1,635 and $2,814, respectively. Company contributions charged to operations, including discretionary amounts, for the three and six month periods ended April 1, 2012 were $573 and $1,149, respectively.

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Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012
Cash flows from operating activities:
Net loss	$ (47,614)	$ (15,281)
Adjustments to reconcile net loss to net cash used by operating activities, net of effects of acquisitions:
Depreciation	26,297	18,896
Amortization of intangibles	37,157	30,449
Amortization of unearned restricted stock compensation	14,157	11,076
Amortization of debt issuance costs	4,086	3,446
Non-cash increase to cost of goods sold from sale of HHI Business acquisition inventory	31,000	0
Write off unamortized discount / (premium) on retired debt	885	(466)
Write off of debt issuance costs	4,600	2,563
Other non-cash adjustments	9,641	1,340
Net changes in assets and liabilities	(278,028)	(206,827)
Net cash used by operating activities	(197,819)	(154,804)
Cash flows from investing activities:
Purchases of property, plant and equipment	(20,671)	(18,590)
Escrow payment - TLM Taiwan acquisition	(100,000)	0
Other investing activities	32	(1,963)
Net cash used by investing activities	(1,410,678)	(203,693)
Proceeds from issuance of Term Loan	792,000	0
Cash flows from financing activities:
Proceeds from issuance of 6.375% Notes	0	300,000
Payment of Notes, Including Tender and Call Premium	0	(270,431)
Proceeds from issuance of 9.5% Notes, including premium	0	217,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(372,172)	(2,727)
Debt issuance costs	(44,163)	(9,941)
Other debt financing, net	4,125	11,866
Reduction of other debt	(1,486)	(26,371)
ABL revolving credit facility, net	76,500	50,000
Capital contribution from parent	28,562	0
Cash dividends paid to parent	(42,604)	0
Proceeds from (Payments for) Other Financing Activities	0	(954)
Net cash provided by financing activities	1,530,762	268,442
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(1,836)	0
Effect of exchange rate changes on cash and cash equivalents	(913)	(671)
Net decrease in cash and cash equivalents	(80,484)	(90,726)
Cash and cash equivalents, beginning of period	157,872	142,414
Cash and cash equivalents, end of period	77,388	51,688
Shaser, Inc. [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	23,919	0
HHI Business [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	1,266,120	0
Black Flag [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	0	43,750
FURminator [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	0	139,390
Notes 6.375% due 2020 [Member]
Cash flows from financing activities:
Proceeds from issuance of 6.375% Notes	520,000	0
Debt issuance costs	(12,903)
Notes 6.625% due 2022 [Member]
Cash flows from financing activities:
Proceeds from issuance of 6.375% Notes	570,000	0
Debt issuance costs	$ (14,123)

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Comprehensive Income (Loss)

6 Months Ended

Mar. 31, 2013

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Comprehensive Income (Loss)

COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) includes foreign currency translation gains and losses on assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and transactions designated as a hedge of a net investment in a foreign subsidiary, deferred gains and losses on derivative financial instruments designated as cash flow hedges and amortization of deferred gains and losses associated with the Company’s pension plans. The foreign currency translation gains and losses for the three and six month periods ended March 31, 2013 and April 1, 2012 were primarily attributable to the impact of translation of the net assets of the Company’s European and Latin American operations, which primarily have functional currencies in Euros, Pounds Sterling and Brazilian Real.

For information pertaining to the reclassification of unrealized gains and losses on derivative instruments, see Note 8, “Derivative Financial Instruments.”

The components of Other comprehensive income (loss), net of tax, for the three and six month periods ended March 31, 2013 and April 1, 2012 are as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(20,423		)	18,539			(17,555		)	3,610
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive (Loss) Income	$	(20,423	)	$	18,539		$	(17,555	)	$	3,610
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	1,498		$	(3,232	)	$	1,415		$	(2,819	)
Net reclassification adjustment for (gains) losses included in earnings	(16		)	1,121			427			3,523
Gross change after reclassification adjustment	1,482			(2,111		)	1,842			704
Deferred tax effect	(1,079		)	1,410			(1,129		)	413
Deferred tax valuation allowance	429			(525		)	365			(222		)
Other Comprehensive Income (Loss)	$	832		$	(1,226	)	$	1,078		$	895
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(901	)	$	(6	)	$	(1,590	)	$	323
Net reclassification adjustment for losses included in Cost of goods sold	327			152			654			167
Net reclassification adjustment for losses included in Selling expenses	41			19			81			21
Net reclassification adjustment for losses included in General and administrative expenses	152			71			304			77
Gross change after reclassification adjustment	(381		)	236			(551		)	588
Deferred tax effect	219			(8		)	243			(57		)
Deferred tax valuation allowance	12			(29		)	12			(29		)
Other Comprehensive (Loss) Income	$	(150	)	$	199		$	(296	)	$	502
Total Other Comprehensive (Loss) Income, net of tax	$	(19,741	)	$	17,512		$	(16,773	)	$	5,007

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Significant Accounting Policies

6 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Significant Accounting Policies

SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation: The condensed consolidated financial statements include the accounts of SB Holdings and its subsidiaries and are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). All intercompany transactions have been eliminated.

These condensed consolidated financial statements have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and, in the opinion of the Company, include all adjustments (which are normal and recurring in nature) necessary to present fairly the financial position of the Company at March 31, 2013, the results of operations for the three and six month periods ended March 31, 2013 and April 1, 2012, the comprehensive income (loss) for the three and six month periods ended March 31, 2013 and April 1, 2012 and the cash flows for the six month periods ended March 31, 2013 and April 1, 2012. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Intangible Assets: Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Customer relationships and proprietary technology intangibles are amortized, using the straight-line method, over their estimated useful lives. Excess of cost over fair value of net assets acquired (goodwill) and indefinite lived trade name intangibles are not amortized. Accounting Standards Codification (“ASC”) Topic 350: “Intangibles-Goodwill and Other,” requires that goodwill and indefinite-lived intangible assets be tested for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have been incurred. Goodwill is tested for impairment at the reporting unit level, with such groupings being consistent with the Company’s reportable segments. If an impairment is indicated, a write-down to fair value (normally measured by discounting estimated future cash flows) is recorded. Indefinite lived trade name intangibles are tested for impairment at least annually by comparing the fair value with the carrying value. Any excess of carrying value over fair value is recognized as an impairment loss in income from operations.

The Company’s annual impairment testing is completed at the August financial period end. Management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as unexpected adverse business conditions, economic factors, unanticipated technological change or competitive activities, loss of key personnel, and acts by governments and courts may signal that an asset has become impaired.

Shipping and Handling Costs: The Company incurred shipping and handling costs of $66,031 and $116,027 for the three and six month periods ended March 31, 2013, respectively, and $49,266 and $99,586 for the three and six month periods ended April 1, 2012, respectively. These costs are included in Selling expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited). Shipping and handling costs include costs incurred with third-party carriers to transport products to customers as well as salaries and overhead costs related to activities to prepare the Company’s products for shipment from its distribution facilities.

Concentrations of Credit Risk: Trade receivables subject the Company to credit risk. Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer.

The Company has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represented approximately 16% and 19% of the Company’s Net sales during the three and six month periods ended March 31, 2013, respectively, and 21% and 23% of the Company’s Net sales during the three and six month periods ended April 1, 2012, respectively. This customer also represented approximately 9% and 13% of the Company’s Trade accounts receivable, net at March 31, 2013 and September 30, 2012, respectively.

Approximately 37% and 44% of the Company’s Net sales during the three and six month periods ended March 31, 2013, respectively, and 42% and 46% of the Company’s Net sales during the three and six month periods ended April 1, 2012, respectively, occurred outside the U.S. These sales and related receivables are subject to varying degrees of credit, currency, political and economic risk. The Company monitors these risks and makes appropriate provisions for collectibility based on an assessment of the risks present.

Stock-Based Compensation: The Company measures the cost of its stock-based compensation plans based on the fair value of its employee stock awards and recognizes these costs over the requisite service period of the awards.

Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and six month periods ended March 31, 2013 was $11,382 and $14,157, respectively. Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and six month periods ended April 1, 2012 was $6,768 and $11,076, respectively.

The Company granted approximately 62 and 615 restricted stock units during the three and six month periods ended March 31, 2013, respectively. Of these grants, 90 are performance-based and vest over a one year period and 524 are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately $27,769.

The Company granted approximately 13 and 699 restricted stock units during the three and six month periods ended April 1, 2012, respectively. Of these grants, 699 restricted stock units are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately 18,816.

The fair value of restricted stock awards and restricted stock units is determined based on the market price of the Company’s shares of common stock on the grant date. A summary of the activity in the Company’s non-vested restricted stock units during the six months ended March 31, 2013 is as follows:

Restricted Stock Units	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock units at September 30, 2012	1,931		$	28.45	$	54,931
Granted	614		45.23		27,772
Forfeited	(264	)	28.81		(7,606		)
Vested	(1,000	)	28.24		(28,236		)
Non-vested restricted stock units at March 31, 2013	1,281		$	36.58	$	46,861

At March 31, 2013 and September 30, 2012, the Company had 13 restricted stock awards outstanding with a weighted average grant date fair value of $28.00 per share and a total fair value at grant date of $364.

Acquisition and Integration Related Charges: Acquisition and integration related charges reflected in Operating expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited) include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with mergers and acquisitions.

The following table summarizes acquisition and integration related charges incurred by the Company during the three and six month periods ended March 31, 2013 and April 1, 2012:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Russell Hobbs
Integration costs	$	880	$	2,785	$	1,935	$	5,193
Employee termination charges	152		1,907		259		2,516
Legal and professional fees	11		309		90		921
Russell Hobbs Acquisition and integration related charges	$	1,043	$	5,001	$	2,284	$	8,630
HHI Business
Legal and professional fees	6,488		—		20,986		—
Integration costs	3,563		—		3,677		—
Employee termination charges	90		—		90		—
HHI Business Acquisition and integration related charges	$	10,141	$	—	$	24,753	$	—
Shaser	153		—		4,373		—
FURminator	562		2,114		1,233		4,599
Black Flag	11		532		39		1,817
Other	89		104		129		305
Total Acquisition and integration related charges	$	11,999	$	7,751	$	32,811	$	15,351

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Acquisitions

9 Months Ended

Jul. 01, 2012

Business Combinations [Abstract]

Acquisitions

14 ACQUISITIONS

In accordance with ASC Topic 805, “Business Combinations” (“ASC 805”), the Company accounts for acquisitions by applying the acquisition method of accounting. The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

HHI Business

On December 17, 2012, the Company completed the cash acquisition of the HHI Business from Stanley Black & Decker. The following table summarizes the preliminary consideration paid for the HHI Business:

Negotiated sales price, excluding TLM Taiwan	$	1,300,000
Preliminary working capital and other adjustments	(10,638		)
Preliminary purchase price	$	1,289,362

The HHI Business is a major manufacturer and supplier of residential locksets, residential builders' hardware and faucets with a portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as the SmartKey, a re-keyable lockset technology, and Smart Code Home Connect. Customers of the HHI Business include retailers, non-retail distributors and homebuilders. Headquartered in Lake Forest, California, the HHI Business has a global sales force and operates manufacturing and distribution facilities in the U.S., Canada, Mexico and Asia.

A portion of the Hardware Acquisition consisting of the purchase of certain assets of TLM Taiwan closed on April 8, 2013. The Company paid Stanley Black & Decker the negotiated sales price of $100,000 on December 17, 2012, which was held in escrow until the close of the TLM Taiwan acquisition. This payment was made in conjunction with the close of the HHI Business acquisition and is classified within Prepaid expenses and other in the Condensed Consolidated Statements of Financial Position (Unaudited).

The results of the HHI Business operations since December 17, 2012 are included in the Company's Condensed Consolidated Statements of Operations (Unaudited) and are reported within the Hardware & Home Improvement segment.

Preliminary Valuation of Assets and Liabilities

The preliminary fair values of the net tangible and intangible assets acquired and liabilities assumed in connection with the purchase of the HHI Business have been recognized in the Condensed Consolidated Statement of Financial Position based upon their preliminary values at December 17, 2012, as set forth below. The excess of the purchase price over the preliminary fair values of the net tangible and intangible assets was recorded as goodwill, and includes value associated with greater product diversity, stronger relationships with core retail partners, cross-selling opportunities in all channels and a new platform for potential future global growth using the Company's existing international infrastructure, most notably in Europe. The majority of goodwill recorded is not expected to be deductible for income tax purposes. The preliminary fair values recorded were based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary valuation that are not yet finalized relate to the fair values of certain tangible assets and liabilities acquired, certain legal matters, amounts for income taxes including deferred tax accounts, amounts for uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, the determination of identifiable intangible assets and the final amount of residual goodwill. Additionally, finalized fair values associated with deferred tax accounts could have a material effect on the Company's estimated reversal of its consolidated U.S. valuation allowances recognized during the measurement period. See Note 11, "Income Taxes," for further information. The Company expects to continue to obtain information to assist it in determining the fair values of the net assets acquired at the acquisition date during the measurement period. The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	17,406		$	5,836		$	23,242
Accounts receivable	104,641			4,378			109,019
Inventory	207,160			(2,393		)	204,767
Prepaid expenses and other	13,311			(4,161		)	9,150
Property, plant and equipment	104,502			(5,166		)	99,336
Intangible assets	470,000			—			470,000
Other long-term assets	3,051			—			3,051
Total assets acquired	$	920,071		$	(1,506	)	$	918,565
Accounts payable	130,140			7,967			138,107
Deferred tax liability - current	7,081			(32		)	7,049
Accrued liabilities	37,530			(615		)	36,915
Deferred tax liability - long-term	104,708			11,177			115,885
Other long-term liabilities	11,231			(2,168		)	9,063
Total liabilities assumed	$	290,690		$	16,329		$	307,019
Total identifiable net assets	629,381			(17,835		)	611,546
Non-controlling interest	(2,235		)	(2,234		)	(4,469		)
Goodwill	662,216			20,069			682,285
Total net assets	$	1,289,362		$	—		$	1,289,362

During the three month period ended March 31, 2013, the Company recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $20,069.  The preliminary goodwill increased $11,177 as a result of recording certain state and foreign valuation allowances against deferred tax assets, $5,166 resulting from a reduction in certain property, plant and equipment asset values and $2,393 from a reduction in inventory asset values.  The changes in estimates were the result of additional accounting information provided by Stanley Black & Decker during the period. The Company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change further. The Company expects to complete the purchase accounting process as soon as practicable but no later than one year from the acquisition date.

Preliminary Pre-Acquisition Contingencies Assumed

The Company has evaluated and continues to evaluate pre-acquisition contingencies relating to the HHI Business that existed as of the acquisition date. Based on the evaluation to date, the Company has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, the Company has preliminarily recorded its best estimates for these contingencies as part of the preliminary valuation of the assets and liabilities acquired for the HHI Business. The Company continues to gather information relating to all pre-acquisition contingencies that it has assumed from the HHI Business. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period, any adjustments to pre-acquisition contingency amounts will be reflected in the Company's results of operations.

Preliminary Valuation Adjustments

The Company performed a preliminary valuation of the assets and liabilities of the HHI Business at December 17, 2012. Significant adjustments as a result of the preliminary valuation and the bases for their determination are summarized as follows:

• Inventories- An adjustment of $31,000 was recorded to adjust inventory to fair value. Finished goods were valued at estimated selling prices less the sum of costs of disposal and a reasonable profit allowance for the selling effort.

• Property, plant and equipment, net- An adjustment of $3,997 was recorded to adjust the net book value of property, plant and equipment to fair value giving consideration to the highest and best use of the assets. The valuation of the Company's property, plant and equipment was based on the cost approach.

• Certain indefinite-lived intangible assets were valued using a relief from royalty methodology. Customer relationships and certain definite-lived intangible assets were valued using a multi-period excess earnings method. The total fair value of indefinite and definite lived intangibles was $470,000 as of December 17, 2012. A summary of the significant key inputs is as follows:

• The Company valued customer relationships using the income approach, specifically the multi-period excess earnings method. In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges. The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value. Only expected sales from current customers were used, which included an expected growth rate of 3%. The Company assumed a customer retention rate of approximately 95%, which was supported by historical retention rates. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The customer relationships were valued at $74,000 under this approach and will be amortized over 20 years.

• The Company valued indefinite-lived trade names and trademarks using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. Royalty rates used in the determination of the fair values of trade names and trademarks ranged from 3% - 5% of expected net sales related to the respective trade names and trademarks. The Company anticipates using the majority of the trade names and trademarks for an indefinite period as demonstrated by the sustained use of each subject trademark. In estimating the fair value of the trademarks and trade names, Net sales for significant trade names and trademarks were estimated to grow at a rate of 2.5% - 5% annually with a terminal year growth rate of 2.5%. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. Trade name and trademarks were valued at $330,000 under this approach.

• The Company valued a definite lived trade name using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rate used in the determination of the fair values of trade name was 3.5% of expected net sales related to the respective trade name. The Company assumed an 8 year useful life of the trade name. In estimating the fair value of the trade name, Net sales for the trade name were estimated to grow at a rate of 2.5% - 5% annually. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The trade name was valued at $3,000 under this approach.

• The Company valued a trade name license agreement using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rate used in the determination of the fair value of the trade name license agreement was 4% of expected Net sales related to the respective trade name. In estimating the fair value of the trade name license agreement, Net sales were estimated to grow at a rate of 2.5% - 5% annually. The Company assumed a 5 year useful life of the trade name license agreement. Income taxes were estimated at 35% and amounts were discounted using a rate of 12%. The trade name license agreement was valued at $12,000 under this approach.

• The Company valued technology using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related licensing agreements and the importance of the technology and profit levels, among other considerations. Royalty rates used in the determination of the fair values of technologies ranged from 4% - 5% of expected Net sales related to the respective technology. The Company anticipates using these technologies through the legal life of the underlying patent; therefore, the expected life of these technologies was equal to the remaining legal life of the underlying patents which was 10 years. In estimating the fair value of the technologies, Net sales were estimated to grow at a rate of 2.5% - 31% annually. Income taxes were estimated at 35% and amounts were discounted using the rate of 12%. The technology assets were valued at $51,000 under this approach.

• Deferred tax liabilities, net- An adjustment of $122,934 was recorded to adjust deferred taxes for the preliminary fair value adjustments made in accounting for the purchase.

Supplemental Pro Forma Information (Unaudited)

The following reflects the Company's pro forma results had the results of the HHI Business been included for all periods presented.

	Three months						Six months
	2013			2012			2013			2012
Net sales:
Reported Net sales	$	987,756		$	746,285		$	1,858,024		$	1,595,056
HHI Business adjustment	—			232,170			191,777			463,858
Pro forma Net sales	$	987,756		$	978,455		$	2,049,801		$	2,058,914
Adjusted net (loss) income:
Reported Net loss (1) (2)	$	(40,523	)	$	(28,451	)	$	(47,614	)	$	(15,281	)
HHI Business adjustment	—			10,158			4,942			23,083
Pro forma adjusted Net (loss) income	$	(40,523	)	$	(18,293	)	$	(42,672	)	$	7,802

(1) Included in Reported Net loss for the three and six month periods ended March 31, 2013, are adjustments of $3,359 and $49,291, respectively, to record the income tax benefit resulting from the reversal of U.S. valuation allowances on deferred tax assets as a result of the HHI Business acquisition. For information pertaining to the income tax benefit, see Note 11, “Income Taxes.”

(2) Included in Reported Net loss for the three and six month periods ended March 31, 2013, is $10,141 and $24,753, respectively, of Acquisition and integration related charges as a result of the HHI Business acquisition. For information pertaining to Acquisition and integration related charges, see Note 2, “Significant Accounting Policies - Acquisition and Integration Related Charges.”

(3) For the three and six month periods ended March 31, 2013 and April 1, 2012, the Company has not assumed the exercise of common stock equivalents as the impact would be antidilutive due to the loss reported.

Shaser

On November 8, 2012, the Company completed the cash acquisition of approximately a 56% interest in Shaser Biosciences, Inc. ("Shaser"), of which the Company purchased 49%. Shaser is a global technology leader in developing energy-based, aesthetic dermatological technology for home use devices. This acquisition was not significant individually.

The following table summarizes the preliminary consideration paid for Shaser:

Negotiated sales price	$	50,000
Less: negotiated sales price attributable to SB Holdings	6,197
Preliminary working capital adjustment	(423		)
Preliminary purchase price	$	43,380

The purchase agreement provides the Company with an option, exercisable solely at the Company's discretion, to acquire the remaining 44% interest of Shaser (the "Call Option"). The Call Option is exercisable any time between January 1, 2017 and March 31, 2017 at a price equal to 1.0x trailing revenues or 7.0x adjusted trailing EBITDA, as defined, for calendar year ended December 31, 2016.  

As of March 31, 2013, the Company has paid approximately half of the negotiated sales price to the seller. The remaining purchase consideration was paid on April 2, 2013.

The results of Shaser’s operations since November 8, 2012 are included in the Company’s Condensed Consolidated Statements of Operations (Unaudited) and are reported as part of the Global Batteries & Appliances segment.

Preliminary Valuation of Assets and Liabilities

The assets acquired and liabilities assumed in the Shaser acquisition have been measured at their fair values at November 8, 2012 as set forth below. The excess of the purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce including an experienced research team, and is not expected to be deductible for income tax purposes. The preliminary fair values recorded were determined based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to amounts for income taxes including deferred tax accounts, uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, certain legal matters and residual goodwill.

The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser, including a reconciliation to the preliminary valuation reported as of December 30, 2012, are as follows:

	Preliminary Valuation December 30, 2012			Adjustments / reclassifications			Preliminary Valuation March 31, 2013
Cash	$	870		$	—		$	870
Intangible asset	35,500			(2,700		)	32,800
Other assets	2,679			—			2,679
Total assets acquired	$	39,049		$	(2,700	)	$	36,349
Total liabilities assumed	14,398			(962		)	13,436
Total identifiable net assets	24,651			(1,738		)	22,913
Non-controlling interest	(38,954		)	—			(38,954		)
Goodwill	63,880			1,738			65,618
Total identifiable net assets	$	49,577		$	—		$	49,577

During the three month period ended March 31, 2013, the Company recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $1,738.  Goodwill increased as a result of further information to support a key valuation factor that impacted the valuation of the technology asset acquired.  This revised information was provided by Shaser during the period. The Company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change further. The Company expects to complete the purchase accounting process as soon as practicable but no later than one year from the acquisition date.

Preliminary Pre-Acquisition Contingencies Assumed

The Company has evaluated and continues to evaluate pre-acquisition contingencies relating to Shaser that existed as of the acquisition date. Based on the evaluation to date, the Company has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, the Company has preliminarily recorded its best estimates for these contingencies as part of the preliminary purchase accounting for Shaser. The Company continues to gather information relating to all pre-acquisition contingencies that it has assumed from Shaser. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period, any adjustments to pre-acquisition contingency amounts will be reflected in the Company's results of operations.

Preliminary Valuation Adjustments

The Company performed a preliminary valuation of the acquired proprietary technology assets, the non-controlling interest and the Call Option related to Shaser at November 8, 2012. A summary of the significant key inputs is as follows:

• The Company valued the technology assets using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of Shaser, related licensing agreements and the importance of the technology and profit levels, among other considerations. The royalty rate used in the determination of the fair value of the technology asset was 10.5% of expected Net sales related to the technology. The Company anticipates using the technology through the legal life of the underlying patent and therefore the expected life of the technology was equal to the remaining legal life of the underlying patent which was 13 years. In estimating the fair value of the technology, Net sales were estimated to grow at a long-term rate of 3% annually. Income taxes were estimated at 35% and amounts were discounted using the rate of 11%. The technology asset was valued at approximately $32,800 under this approach.

• The Company valued the non-controlling interest in Shaser, a private company, by applying both income and market approaches. Under these methods, the non-controlling value was determined by using a discounted cash flow method, a guideline companies method, and a recent transaction approach. In estimating the fair value of the non-controlling interest, key assumptions include (i) cash flow projections based on market participant data and estimates by Company management, with Net sales estimated to grow at a terminal growth rate of 3% annually, income taxes estimated at 35%, and amounts discounted using a rate of 12%, (ii) financial multiples of companies deemed to be similar to Shaser, and (iii) adjustments because of lack of control or lack of marketability that market participants would consider when estimating the fair value of the non-controlling interest in Shaser. The non-controlling interest was valued at $38,954 under this approach.

• The Company, in connection with valuing the non-controlling interest in Shaser, also valued the Call Option. In addition to the valuation methods and key assumptions discussed above, the Company compared the forecasted revenue and EBITDA multiples, as defined, associated with the Call Option to current guideline companies. The Call Option was determined to have an immaterial value under this approach.

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Income Taxes

9 Months Ended

Jul. 01, 2012

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The Company's effective tax rates for the three and six month periods ended March 31, 2013 were (256)% and (506)%, respectively. The Company's effective tax rates for the three and six month periods ended April 1, 2012 were (145)% and 153%, respectively. The Company's effective tax rates differ from the United States federal statutory rate of 35% principally due to: (i) losses in the U.S. and certain foreign jurisdictions for which no tax benefit can be recognized due to full valuation allowances that have been provided on the Company's net operating loss carryforward tax benefits and other deferred tax assets; (ii) deferred income tax expense related to the change in book versus tax basis of indefinite lived intangibles, which are amortized for tax purposes but not for book purposes, and (iii) the reversal of U.S. valuation allowances of $3,359 and $49,291 as a result of the HHI Business acquisition during the three and six months ended March 31, 2013, respectively, and $13,915 on deferred tax assets of the Company as a result of the FURminator acquisition during the six month period ended April 1, 2012.

The Company recognizes in its consolidated financial statements the impact of a tax position if it concludes that the position is more likely than not sustainable upon audit, based on the technical merits of the position. At March 31, 2013 and September 30, 2012, the Company had $9,521 and $5,877, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3,767 and $3,564, respectively, of accrued interest and penalties related to the uncertain tax positions at those dates. Interest and penalties related to uncertain tax positions are reported in the financial statements as part of income tax expense.

As of March 31, 2013, certain of the Company's legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized.

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Debt

6 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt

DEBT

Debt consists of the following:

	March 31, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	795,007		4.6	%	$	—	—	%
Former term loan facility	—			—		370,175		5.1	%
9.5% Notes, due June 15, 2018	950,000			9.5	%	950,000		9.5	%
6.375% Notes, due November 15, 2020	520,000			6.4	%	—		—	%
6.625% Notes, due November 15, 2022	570,000			6.6	%	—		—	%
6.75% Notes, due March 15, 2020	300,000			6.8	%	300,000		6.8	%
ABL Facility, expiring May 24, 2017	76,500			2.8	%	—		4.3	%
Other notes and obligations	21,936			10.6	%	18,059		10.9	%
Capitalized lease obligations	29,666			6.3	%	26,683		6.2	%
	$	3,263,109				$	1,664,917
Original issuance premiums (discounts) on debt	(4,234		)			4,383
Less: current maturities	29,451					16,414
Long-term debt	$	3,229,424				$	1,652,886

Term Loan

On December 17, 2012, the Company entered into a senior term loan facility, maturing December 17, 2019, which provides borrowings in an aggregate principal amount of $800,000, with $100,000 in Canadian dollar equivalents (the "Term Loan") in connection with the acquisition of the HHI Business. A portion of the Term Loan proceeds were used to refinance the former term loan facility, which was scheduled to mature on June 17, 2016, and had an aggregate amount outstanding of $370,175 prior to refinancing. In connection with the refinancing, the Company recorded accelerated amortization of portions of the unamortized discount and unamortized Debt issuance costs related to the former term loan facility totaling $5,485 as an adjustment to interest expense during the six month period ended March 31, 2013.

The Term Loan contains financial covenants with respect to debt, including, but not limited to, a fixed charge ratio. In addition, the Term Loan contains customary restrictive covenants, including, but not limited to, restrictions on the Company's ability to incur additional indebtedness, create liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. Pursuant to a guarantee and collateral agreement, the Company, its domestic subsidiaries and its Canadian subsidiaries have guaranteed their respective obligations under the Term Loan and related loan documents and have pledged substantially all of their respective assets to secure such obligations. The Term Loan also provides for customary events of default, including payment defaults and cross-defaults on other material indebtedness.

In connection with the issuance of the Term Loan, the Company recorded $379 and $19,127 of fees during the three and six month periods ended March 31, 2013, respectively, of which $16,706 is classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and is being amortized as an adjustment to interest expense over the remaining life of the Term Loan, with the remainder of $2,421 reflected as an increase to interest expense during the six month period ended March 31, 2013.

6.375% Notes and 6.625% Notes

On December 17, 2012, in connection with the acquisition of the HHI Business, Spectrum Brands assumed $520,000 aggregate principal amount of 6.375% Notes at par value, due November 15, 2020 (the "6.375% Notes"), and $570,000 aggregate principal amount of 6.625% Notes at par value, due November 15, 2022 (the "6.625% Notes"), previously issued by Spectrum Brands Escrow Corporation. The 6.375% Notes and the 6.625% Notes are unsecured and guaranteed by Spectrum Brands’ parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries.

The Company may redeem all or a part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 6.375% Notes and the 6.625% Notes (the “2020/22 Indenture”), requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates.

In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes. If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes.

The Company recorded $43 and $12,903 of fees in connection with the offering of the 6.375% Notes during the three and six month periods ended March 31, 2013, respectively, and $43 and $14,123 of fees in connection with the offering of the 6.625% Notes during the three and six month periods ended March 31, 2013, respectively. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the respective remaining lives of the 6.375% Notes and the 6.625% Notes.

ABL Facility

On December 17, 2012 the Company exercised its option to increase its asset based lending revolving credit facility (the "ABL Facility") from $300,000 to $400,000 and extend the maturity to May 24, 2017. In connection with the increase and extension, the Company incurred $323 of fees during the six month period ended March 31, 2013. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility.

On March 28, 2013, the Company amended its ABL Facility to conform certain provisions to reflect the acquisition of the HHI Business. In connection with the amendment, the Company incurred $108 of fees during the three and six month periods ended March 31, 2013. The fees are classified as Debt issuance costs within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility.

As a result of borrowings and payments under the ABL Facility, at March 31, 2013, the Company had aggregate borrowing availability of approximately $238,389, net of lender reserves of $8,732 and outstanding letters of credit of $26,312.

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Restructuring And Related Charges Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 7,903	$ 4,269	$ 14,491	$ 11,994
Total Expected Restructuring Costs	100,900		100,900
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2,599	1,660	3,685	6,265
Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	5,304	2,609	10,806	5,729
Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	5,850		5,850		4,347
Provisions			4,757
Cash expenditures			(3,305)
Non-cash items			51
Expensed as incurred (A)			6,890
Restructuring and related charges	5,176	4,173	11,647	11,302
Restructuring and related charges since initiative inception			94,665
Total future restructuring and related charges expected			6,172
HHI Business [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2,681
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	46	96	163	692
Global Batteries & Appliances [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	449	454	814	3,474
Global Batteries & Appliances [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,400	767	2,355	1,644
Global Batteries & Appliances [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			3,201
Restructuring and related charges since initiative inception			24,010
Total future restructuring and related charges expected			1,587
Hardware & Home Improvement [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,128	0	1,128	0
Hardware & Home Improvement [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,553	0	1,553	0
Global Pet Supplies [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,022	1,206	1,743	2,791
Global Pet Supplies [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2,105	1,103	6,336	2,393
Global Pet Supplies [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			8,079
Restructuring and related charges since initiative inception			45,077
Total future restructuring and related charges expected			3,410
Home and Garden Business [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	183	627	367	971
Home and Garden Business [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			367
Restructuring and related charges since initiative inception			17,987
Total future restructuring and related charges expected			1,175
Corporate [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	63	112	195	721
Corporate [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			0
Restructuring and related charges since initiative inception			7,591
Total future restructuring and related charges expected			0
Termination Benefits [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	5,108		5,108		3,252
Provisions			4,527
Cash expenditures			(2,702)
Non-cash items			31
Expensed as incurred (A)			667
Other Restructuring [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	742		742		1,095
Provisions			230
Cash expenditures			(603)
Non-cash items			20
Expensed as incurred (A)			$ 6,223

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Inventories

6 Months Ended

Mar. 31, 2013

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories for the Company, which are stated at the lower of cost or market, consist of the following:

	March 31, 2013		September 30, 2012
Raw materials	$	112,106	$	58,515
Work-in-process	51,598		23,434
Finished goods	541,705		370,684
	$	705,409	$	452,633

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Goodwill And Intangible Assets

6 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets of the Company consist of the following:

	Global Batteries & Appliances			Hardware & Home Improvement			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2012	$	268,556		$	—		$	237,932		$	187,757		$	694,245
Additions	65,618			682,285			—			—			747,903
Effect of translation	(2,918		)	(4,163		)	(1,100		)	—			(8,181		)
Balance at March 31, 2013	$	331,256		$	678,122		$	236,832		$	187,757		$	1,433,967
Intangible Assets:
Trade names Not Subject to Amortization
Balance at September 30, 2012	$	545,426		$	—		$	212,142		$	83,500		$	841,068
Additions	—			330,000			—			—			330,000
Effect of translation	(6,140		)	272			(668		)	—			(6,536		)
Balance at March 31, 2013	$	539,286		$	330,272		$	211,474		$	83,500		$	1,164,532
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			140,000			—			—			172,800
Amortization during period	(17,826		)	(3,911		)	(10,682		)	(4,738		)	(37,157		)
Effect of translation	(2,049		)	(156		)	(1,179		)	—			(3,384		)
Balance at March 31, 2013, net	$	460,037		$	135,933		$	252,761		$	157,389		$	1,006,120
Total Intangible Assets, net at March 31, 2013	$	999,323		$	466,205		$	464,235		$	240,889		$	2,170,652

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names, which were recognized in connection with acquisitions and from the application of fresh-start reporting during fiscal 2009. The useful lives of the Company’s intangible assets subject to amortization are 9 to 17 years for technology assets associated with the Global Batteries & Appliances segment, 8 to 9 years for technology assets related to the Hardware & Home Improvement segment, 4 to 9 years for technology assets related to the Global Pet Supplies segment, 15 to 20 years for customer relationships of the Global Batteries & Appliances segment, 20 years for customer relationships of the Hardware & Home Improvement segment, Home and Garden Business and Global Pet Supplies segments, 1 to 12 years for trade names within the Global Batteries & Appliances segment, 5 to 8 years for trade names within the Hardware & Home Improvement segment and 3 years for a trade name within the Global Pet Supplies segment.

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:

	March 31, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	174,724		$	90,924
Accumulated amortization	(30,308		)	(22,768		)
Carrying value, net	$	144,416		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	170,575		$	150,829
Accumulated amortization	(36,931		)	(28,347		)
Carrying value, net	$	133,644		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	864,550		$	796,235
Accumulated amortization	(136,490		)	(113,012		)
Carrying value, net	$	728,060		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,006,120		$	873,861

Amortization expense for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,435	$	2,412	$	7,539	$	4,310
Trade names amortization	4,303		3,140		7,898		6,279
Customer relationships amortization	11,295		10,269		21,720		19,860
	$	20,033	$	15,821	$	37,157	$	30,449

The Company estimates annual amortization expense of intangible assets for the next five fiscal years will approximate $78,500 per year.

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Derivative Financial Instruments

6 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are used by the Company principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. The Company does not hold or issue derivative financial instruments for trading purposes. Derivative instruments are reported at fair value in the Condensed Consolidated Statements of Financial Position (unaudited). When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized in earnings. For derivatives that are not designated as cash flow hedges, or do not qualify for hedge accounting treatment, the change in the fair value is also immediately recognized in earnings.

Fair Value of Derivative Instruments

The Company discloses its derivative instruments and hedging activities in accordance with ASC Topic 815: “Derivatives and Hedging” (“ASC 815”).

The fair value of the Company’s outstanding derivative contracts recorded as assets in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Asset Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	61	$	985
Commodity contracts	Deferred charges and other	68		1,017
Foreign exchange contracts	Receivables—Other	2,981		1,194
Foreign exchange contracts	Deferred charges and  other	147		—
Total asset derivatives designated as hedging instruments under ASC 815		3,257		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	107		41
Total asset derivatives		$	3,364	$	3,237

The fair value of the Company’s outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Liability Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	680	$	9
Commodity contracts	Other long-term liabilities	67		—
Foreign exchange contracts	Accounts payable	681		3,063
Foreign exchange contracts	Other long-term  liabilities	63		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,491	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Accounts payable	3,234		3,967
Foreign exchange contracts	Other long-term liabilities	808		2,926
Total liability derivatives		$	5,533	$	9,965

Changes in AOCI from Derivative Instruments

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of Accumulated Other Comprehensive Income ("AOCI") and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 3, "Comprehensive Income (Loss)" for further information.

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,186	)	Cost of goods sold	$	195		Cost of goods sold	$	(36	)
Foreign exchange contracts	168			Net sales	219			Net sales	—
Foreign exchange contracts	3,516			Cost of goods sold	(398		)	Cost of goods sold	—
Total	$	1,498			$	16			$	(36	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,418	)	Cost of goods sold	$	98		Cost of goods sold	$	(82	)
Foreign exchange contracts	666			Net sales	340			Net sales	—
Foreign exchange contracts	3,167			Cost of goods sold	(865		)	Cost of goods sold	—
Total	$	1,415			$	(427	)		$	(82	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	1,124		Cost of goods sold	$	(189	)	Cost of goods sold	$	33
Interest rate contracts	36			Interest expense	(205		)	Interest expense	—
Foreign exchange contracts	463			Net sales	(88		)	Net sales	—
Foreign exchange contracts	(4,855		)	Cost of goods sold	(639		)	Cost of goods sold	—
Total	$	(3,232	)		$	(1,121	)		$	33

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	379		Cost of goods sold	$	(555	)	Cost of goods sold	$	14
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	334			Net sales	(210		)	Net sales	—
Foreign exchange contracts	(3,547		)	Cost of goods sold	(1,894		)	Cost of goods sold	—
Total	$	(2,819	)		$	(3,523	)		$	14

Other Changes in Fair Value of Derivative Contracts

For derivative instruments that are used to economically hedge the fair value of the Company’s third party and intercompany foreign currency payments, commodity purchases and interest rate payments, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change. During the three month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013	2012
Foreign exchange contracts	1,788	(3,452	)	Other expense (income), net

During the six month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013		2012
Foreign exchange contracts	(2,311	)	3,793	Other expense (income), net

Credit Risk

The Company is exposed to the risk of default by the counterparties with which it transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. The Company monitors counterparty credit risk on an individual basis by periodically assessing each such counterparty’s credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives that are concentrated with certain domestic and foreign financial institution counterparties. The Company considers these exposures when measuring its credit reserve on its derivative assets, which was $13 and $46 at March 31, 2013 and September 30, 2012, respectively.

The Company’s standard contracts do not contain credit risk related contingent features whereby the Company would be required to post additional cash collateral as a result of a credit event. However, the Company is typically required to post collateral in the normal course of business to offset its liability positions. At March 31, 2013 and September 30, 2012, the Company had posted cash collateral of $450 and $50, respectively, related to such liability positions. In addition, at March 31, 2013 and September 30, 2012, the Company had no posted standby letters of credit related to such liability positions. The cash collateral is included in Current Assets—Receivables-Other within the accompanying Condensed Consolidated Statements of Financial Position (Unaudited).

Derivative Financial Instruments

Cash Flow Hedges

When appropriate, the Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At March 31, 2013, the Company did not have any interest rate swaps outstanding.

The Company periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign currency denominated third party and intercompany sales or payments. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to Net sales or purchase price variance in Cost of goods sold. At March 31, 2013, the Company had a series of foreign exchange derivative contracts outstanding through June 2014 with a contract value of $147,027. The derivative net gain on these contracts recorded in AOCI by the Company at March 31, 2013 was $1,797, net of tax expense of $587. At March 31, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,829, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At March 31, 2013, the Company had a series of such swap contracts outstanding through September 2014 for 10 tons with a contract value of $19,887. The derivative net loss on these contracts recorded in AOCI by the Company at March 31, 2013 was $503, net of tax benefit of $79. At March 31, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $502, net of tax.

Derivative Contracts

The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited). The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At March 31, 2013 and September 30, 2012, the Company had $132,206 and $172,581, respectively, of notional value for such foreign exchange derivative contracts outstanding.

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Subsquent Events (Details) (USD $) In Thousands, unless otherwise specified	Apr. 08, 2013
Subsequent Event [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 100,000

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Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of the Company’s outstanding derivative contracts recorded as assets in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Asset Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	61	$	985
Commodity contracts	Deferred charges and other	68		1,017
Foreign exchange contracts	Receivables—Other	2,981		1,194
Foreign exchange contracts	Deferred charges and  other	147		—
Total asset derivatives designated as hedging instruments under ASC 815		3,257		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	107		41
Total asset derivatives		$	3,364	$	3,237

The fair value of the Company’s outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Statements of Financial Position (Unaudited) are as follows:

Liability Derivatives		March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	680	$	9
Commodity contracts	Other long-term liabilities	67		—
Foreign exchange contracts	Accounts payable	681		3,063
Foreign exchange contracts	Other long-term  liabilities	63		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,491	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Accounts payable	3,234		3,967
Foreign exchange contracts	Other long-term liabilities	808		2,926
Total liability derivatives		$	5,533	$	9,965

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,186	)	Cost of goods sold	$	195		Cost of goods sold	$	(36	)
Foreign exchange contracts	168			Net sales	219			Net sales	—
Foreign exchange contracts	3,516			Cost of goods sold	(398		)	Cost of goods sold	—
Total	$	1,498			$	16			$	(36	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended March 31, 2013, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(2,418	)	Cost of goods sold	$	98		Cost of goods sold	$	(82	)
Foreign exchange contracts	666			Net sales	340			Net sales	—
Foreign exchange contracts	3,167			Cost of goods sold	(865		)	Cost of goods sold	—
Total	$	1,415			$	(427	)		$	(82	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	1,124		Cost of goods sold	$	(189	)	Cost of goods sold	$	33
Interest rate contracts	36			Interest expense	(205		)	Interest expense	—
Foreign exchange contracts	463			Net sales	(88		)	Net sales	—
Foreign exchange contracts	(4,855		)	Cost of goods sold	(639		)	Cost of goods sold	—
Total	$	(3,232	)		$	(1,121	)		$	33

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the six month period ended April 1, 2012, pretax:

Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective  Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	379		Cost of goods sold	$	(555	)	Cost of goods sold	$	14
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	334			Net sales	(210		)	Net sales	—
Foreign exchange contracts	(3,547		)	Cost of goods sold	(1,894		)	Cost of goods sold	—
Total	$	(2,819	)		$	(3,523	)		$	14

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

During the three month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013	2012
Foreign exchange contracts	1,788	(3,452	)	Other expense (income), net

During the six month periods ended March 31, 2013 and April 1, 2012, the Company recognized the following gains (losses) on these derivative contracts:

Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
	2013		2012
Foreign exchange contracts	(2,311	)	3,793	Other expense (income), net

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Schedule of Debt Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Debt Instrument [Line Items]
Gross Debt Obligations	$ 3,263,109	$ 1,664,917
Current maturities of long-term debt	29,451	16,414
Original Issuance Premiums (Discounts) on Debt	(4,234)	4,383
Long-term debt, net of current maturities	3,229,424	1,652,886
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Balance	795,007	370,175
Interest Rate	4.60%	5.10%
Secured Debt [Member]
Debt Instrument [Line Items]
Debt Balance	950,000	950,000
Interest Rate	9.50%	9.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Balance	76,500	0
Interest Rate	2.80%	4.30%
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Debt Balance	21,936	18,059
Interest Rate	10.60%	10.90%
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Debt Balance	29,666	26,683
Interest Rate	6.30%	6.20%
Notes 6.375% due 2020 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Balance	520,000	0
Interest Rate	6.40%	0.00%
Notes 6.625% due 2022 [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Balance	570,000	0
Interest Rate	6.60%	0.00%
6.75% Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Balance	$ 300,000	$ 300,000
Interest Rate	6.80%	6.80%

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Restructuring And Related Charges

6 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Restructuring And Related Charges

RESTRUCTURING AND RELATED CHARGES

The Company reports restructuring and related charges associated with manufacturing and related initiatives in Cost of goods sold. Restructuring and related charges reflected in Cost of goods sold include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented.

The Company reports restructuring and related charges relating to administrative functions in Operating expenses, such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in Operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives.

The following table summarizes restructuring and related charges incurred by segment for the three and six month periods ended March 31, 2013 and April 1, 2012:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	449	$	454	$	814	$	3,474
Hardware & Home Improvement	1,128		—		1,128		—
Global Pet Supplies	1,022		1,206		1,743		2,791
Total restructuring and related charges in cost of goods sold	2,599		1,660		3,685		6,265
Operating expenses:
Global Batteries & Appliances	1,400		767		2,355		1,644
Hardware & Home Improvement	1,553		—		1,553		—
Global Pet Supplies	2,105		1,103		6,336		2,393
Home and Garden Business	183		627		367		971
Corporate	63		112		195		721
Total restructuring and related charges in operating expenses	5,304		2,609		10,806		5,729
Total restructuring and related charges	$	7,903	$	4,269	$	14,491	$	11,994

Global Cost Reduction Initiatives Summary

During the fiscal year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances segment, the Global Pet Supplies segment and the Home and Garden Business segment to reduce operating costs, and to evaluate opportunities to improve the Company’s capital structure (the “Global Cost Reduction Initiatives”). These initiatives included headcount reductions and the exit of certain facilities within each of the Company’s segments. These initiatives also included consultation, legal and accounting fees related to the evaluation of the Company’s capital structure. Costs associated with these initiatives, which are expected to be incurred through January 31, 2015, are projected to total approximately $100,900.

The Company recorded $5,176 and $11,647 of pretax restructuring and related charges during the three and six month periods ended March 31, 2013, respectively, and $4,173 and $11,302 of pretax restructuring and related charges during the three and six month periods ended April 1, 2012, respectively, related to the Global Cost Reduction Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Cost Reduction Initiatives and the activity during the six month period ended March 31, 2013:

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	4,527			230			4,757
Cash expenditures	(2,702		)	(603		)	(3,305		)
Non-cash items	31			20			51
Accrual balance at March 31, 2013	$	5,108		$	742		$	5,850
Expensed as incurred (A)	$	667		$	6,223		$	6,890

 ______________________________

(A) Consists of amounts not impacting the accrual for restructuring and related charges.

The following table summarizes the expenses incurred during the six month period ended March 31, 2013, the cumulative amount incurred to date and the total future expected costs to be incurred associated with the Global Cost Reduction Initiatives by operating segment:

	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Corporate		Total
Restructuring and related charges during the six month period ended March 31, 2013	$	3,201	$	8,079	$	367	$	—	$	11,647
Restructuring and related charges since initiative inception	$	24,010	$	45,077	$	17,987	$	7,591	$	94,665
Total future restructuring and related charges expected	$	1,587	$	3,410	$	1,175	$	—	$	6,172

The Company recorded $2,681 of restructuring and related charges during the three and six month periods ended March 31, 2013, related to initiatives implemented by the HHI Business prior to the Company's acquisition on December 17, 2012.

In connection with other restructuring efforts, the Company recorded $46 and $163 of pretax restructuring and related charges during the three and six month periods ended March 31, 2013, respectively, and $96 and $692 of pretax restructuring and related charges during the three and six month periods ended April 1, 2012, respectively.

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Condensed Consolidating Financial Statements (Notes)

6 Months Ended

Mar. 31, 2013

Condensed Consolidating Guarantor Financial Statements [Abstract]

Guarantor Consolidating Financial Statements [Text Block]

CONSOLIDATING FINANCIAL STATEMENTS

In connection with the combination with Russell Hobbs, Spectrum Brands, with its domestic subsidiaries and SB/RH Holdings, LLC as guarantors, issued the 9.5% Notes under the 2018 Indenture. (See Note 6, “Debt,” for further information on the the 9.5% Notes under the 2018 Indenture.)

The following consolidating financial statements illustrate the components of the consolidated financial statements of the Company. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. Earnings of subsidiaries are therefore reflected in the Company’s and Guarantor Subsidiaries’ investment accounts and earnings. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions. Separate consolidated financial statements of the Guarantor Subsidiaries are not presented because management has determined that such financial statements would not be material to investors.

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	1,044		$	3,605		$	72,739		$	—		$	77,388
Receivables:
Trade accounts receivables, net of allowances	42,264			103,887			333,848			—			479,999
Intercompany receivables	298,023			942,217			164,920			(1,402,332		)	2,828
Other	2,482			—			47,153			—			49,635
Inventories	97,238			218,093			398,951			(8,873		)	705,409
Deferred income taxes	(1,699		)	24,280			(1,791		)	2,262			23,052
Prepaid expenses and other	118,915			9,630			29,952			1,467			159,964
Total current assets	558,267			1,301,712			1,045,772			(1,407,476		)	1,498,275
Property, plant and equipment, net	66,352			46,658			203,302			—			316,312
Long-term intercompany receivables	106,874			84,530			32,042			(223,446		)	—
Deferred charges and other	11,247			1,954			16,123			—			29,324
Goodwill	67,722			438,864			927,381			—			1,433,967
Intangible assets, net	509,746			756,384			904,522			—			2,170,652
Debt issuance costs	72,696			—			2,065			—			74,761
Investments in subsidiaries	3,930,636			2,358,179			445			(6,289,260		)	—
Total assets	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	7,065		$	1,313		$	21,073		$	—		$	29,451
Accounts payable	76,538			63,412			249,639			—			389,589
Intercompany accounts payable	968,306			364,862			(135,962		)	(1,197,206		)	—
Accrued liabilities:
Wages and benefits	9,648			7,499			41,319			—			58,466
Income taxes payable	546			(5		)	27,355			—			27,896
Accrued interest	61,258			—			227			—			61,485
Other	22,323			30,452			81,219			—			133,994
Total current liabilities	1,145,684			467,533			284,870			(1,197,206		)	700,881
Long-term debt, net of current maturities	3,109,559			2,903			116,962			—			3,229,424
Intercompany long-term debt	—			345,460			81,642			(427,102		)	—
Employee benefit obligations, net of current portion	26,450			—			73,138			—			99,588
Deferred income taxes	63,451			241,631			203,937			—			509,019
Other	19,348			118			12,924			—			32,390
Total liabilities	4,364,492			1,057,645			773,473			(1,624,308		)	4,571,302
Shareholders’ equity:
Other capital	1,383,601			3,220,488			2,214,589			(5,442,136		)	1,376,542
Accumulated (deficit) retained earnings	(423,784		)	689,381			118,494			(807,875		)	(423,784		)
Accumulated other comprehensive loss	(50,208		)	(33,406		)	(29,077		)	62,483			(50,208		)
Total shareholders’ equity	909,609			3,876,463			2,304,006			(6,187,528		)	902,550
Non-controlling interest	49,439			54,173			54,173			(108,346		)	49,439
Total equity	959,048			3,930,636			2,358,179			(6,295,874		)	951,989
Total liabilities and shareholders’ equity	$	5,323,540		$	4,988,281		$	3,131,652		$	(7,920,182	)	$	5,523,291

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

September 30, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	6,729		$	13,302		$	137,841		$	—		$	157,872
Receivables:
Trade accounts receivables, net of allowances	51,991			87,382			195,928			—			335,301
Intercompany receivables	242,449			961,195			332,975			(1,534,668		)	1,951
Other	1,705			6,639			29,772			—			38,116
Inventories	87,482			174,254			197,467			(6,570		)	452,633
Deferred income taxes	(5,545		)	23,766			8,276			1,646			28,143
Prepaid expenses and other	16,534			4,721			28,022			(4		)	49,273
Total current assets	401,345			1,271,259			930,281			(1,539,596		)	1,063,289
Property, plant and equipment, net	61,246			47,633			105,138			—			214,017
Long term intercompany receivables	103,358			110,076			73,731			(287,165		)	—
Deferred charges and other	9,094			1,920			16,697			—			27,711
Goodwill	67,722			438,864			187,659			—			694,245
Intangible assets, net	514,968			777,220			422,741			—			1,714,929
Debt issuance costs	39,320			—			—			—			39,320
Investments in subsidiaries	2,678,029			1,120,830			445			(3,799,304		)	—
Total assets	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	3,939		$	1,667		$	10,808		$	—		$	16,414
Accounts payable	79,522			107,065			138,436			—			325,023
Intercompany accounts payable	993,646			321,210			20,261			(1,335,117		)	—
Accrued liabilities:
Wages and benefits	21,682			18,158			42,279			—			82,119
Income taxes payable	(96		)	64			30,304			—			30,272
Accrued interest	30,427			—			46			—			30,473
Other	20,331			38,366			65,900			—			124,597
Total current liabilities	1,149,451			486,530			308,034			(1,335,117		)	608,898
Long-term debt, net of current maturities	1,622,060			3,259			27,567			—			1,652,886
Long-term intercompany debt	—			376,754			109,966			(486,720		)	—
Employee benefit obligations, net of current portion	24,560			—			65,434			—			89,994
Deferred income taxes	64,727			222,994			89,744			—			377,465
Other	16,225			236			15,117			—			31,578
Total liabilities	2,877,023			1,089,773			615,862			(1,821,837		)	2,760,821
Shareholders’ equity:
Other equity	1,365,315			2,089,602			1,078,928			(3,173,899		)	1,359,946
Accumulated (deficit) retained earnings	(333,821		)	606,196			55,262			(661,458		)	(333,821		)
Accumulated other comprehensive (deficit) income	(33,435		)	(17,769		)	(13,360		)	31,129			(33,435		)
Total shareholders’ equity (deficit)	998,059			2,678,029			1,120,830			(3,804,228		)	992,690
Total liabilities and shareholders’ equity	$	3,875,082		$	3,767,802		$	1,736,692		$	(5,626,065	)	$	3,753,511

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	130,097		$	290,154		$	802,963	$	(235,458	)	$	987,756
Cost of goods sold	93,825			196,155			606,450		(234,177		)	662,253
Restructuring and related charges	—			961			1,638		—			2,599
Gross profit	36,272			93,038			194,875		(1,281		)	322,904
Operating expenses:
Selling	18,736			36,857			115,715		(286		)	171,022
General and administrative	19,369			19,951			30,644		11			69,975
Research and development	4,214			2,672			4,974		—			11,860
Acquisition and integration related charges	7,826			1,410			2,763		—			11,999
Restructuring and related charges	111			2,222			2,971		—			5,304
	50,256			63,112			157,067		(275		)	270,160
Operating income	(13,984		)	29,926			37,808		(1,006		)	52,744
Interest expense	54,618			848			4,887		2			60,355
Other (income) expense, net	(38,414		)	(19,320		)	3,686		57,814			3,766
(Loss) income from continuing operations before income taxes	(30,188		)	48,398			29,235		(58,822		)	(11,377		)
Income tax expense	10,335			11,685			7,395		(269		)	29,146
Net (loss) income	(40,523		)	36,713			21,840		(58,553		)	(40,523		)
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	(40,786	)	$	36,450		$	21,577	$	(58,027	)	$	(40,786	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(40,523	)	$	36,713		$	21,840		$	(58,553	)	$	(40,523	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(20,423		)	(20,494		)	(20,515		)	41,009			(20,423		)
Unrealized gain on derivative instruments	832			1,949			1,949			(3,898		)	832
Defined benefit pension loss	(150		)	(150		)	(150		)	300			(150		)
Other comprehensive (loss) income	(19,741		)	(18,695		)	(18,716		)	37,411			(19,741		)
Comprehensive (loss) income	(60,264		)	18,018			3,124			(21,142		)	(60,264		)
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	(60,527		)	17,755			2,861			(20,616		)	(60,527		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	137,940		$	298,347		$	354,108		$	(44,110	)	$	746,285
Cost of goods sold	101,967			203,319			222,646			(43,338		)	484,594
Restructuring and related charges	—			1,206			454			—			1,660
Gross profit	35,973			93,822			131,008			(772		)	260,031
Operating expenses:
Selling	17,675			41,291			71,185			(239		)	129,912
General and administrative	16,751			21,361			18,222			4			56,338
Research and development	4,609			2,439			910			—			7,958
Acquisition and integration related charges	987			4,275			2,489			—			7,751
Restructuring and related charges	660			1,716			233			—			2,609
	40,682			71,082			93,039			(235		)	204,568
Operating (loss) income	(4,709		)	22,740			37,969			(537		)	55,463
Interest expense	64,582			1,162			3,524			5			69,273
Other (income) expense, net	(37,456		)	(31,849		)	(1,274		)	68,387			(2,192		)
(Loss) income from continuing operations before income taxes	(31,835		)	53,427			35,719			(68,929		)	(11,618		)
Income tax (benefit) expense	(3,460		)	13,448			7,400			(555		)	16,833
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(28,375	)	$	39,979		$	28,319		$	(68,374	)	$	(28,451	)
Other comprehensive income, net of tax:
Foreign currency translation	18,539			18,599			19,086			(37,685		)	18,539
Unrealized loss on derivative instruments	(1,226		)	(2,297		)	(2,297		)	4,594			(1,226		)
Defined benefit pension gain (loss)	199			4,536			(79		)	(4,457		)	199
Other comprehensive income	17,512			20,838			16,710			(37,548		)	17,512
Comprehensive (loss) income	(10,863		)	60,817			45,029			(105,922		)	(10,939		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	327,854		$	523,659		$	1,385,136		$	(378,625	)	$	1,858,024
Cost of goods sold	236,795			363,562			1,018,787			(375,865		)	1,243,279
Restructuring and related charges	—			1,579			2,106			—			3,685
Gross profit	91,059			158,518			364,243			(2,760		)	611,060
Operating expenses:
Selling	39,203			69,584			191,453			(457		)	299,783
General and administrative	34,736			36,554			54,711			20			126,021
Research and development	8,524			4,934			6,573			—			20,031
Acquisition and integration related charges	26,805			2,664			3,342			—			32,811
Restructuring and related charges	462			6,339			4,005			—			10,806
	109,730			120,075			260,084			(437		)	489,452
Operating (loss) income	(18,671		)	38,443			104,159			(2,323		)	121,608
Interest expense	113,122			2,150			8,859			4			124,135
Other (income) expense, net	(83,331		)	(67,197		)	4,817			151,039			5,328
(Loss) income from continuing operations before income taxes	(48,462		)	103,490			90,483			(153,366		)	(7,855		)
Income tax (benefit) expense	(848		)	18,440			22,783			(616		)	39,759
Net (loss) income	(47,614		)	85,050			67,700			(152,750		)	(47,614		)
Less: Net loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Net (loss) income attributable to controlling interest	$	(47,359	)	$	85,305		$	67,955		$	(153,260	)	$	(47,359	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(47,614	)	$	85,050		$	67,700		$	(152,750	)	$	(47,614	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(17,555		)	(17,623		)	(17,704		)	35,327			(17,555		)
Unrealized gain on derivative instruments	1,078			2,282			2,282			(4,564		)	1,078
Defined benefit pension loss	(296		)	(295		)	(295		)	590			(296		)
Other comprehensive (loss) income	(16,773		)	(15,636		)	(15,717		)	31,353			(16,773		)
Comprehensive (loss) income	(64,387		)	69,414			51,983			(121,397		)	(64,387		)
Less: Comprehensive loss attributable to non-controlling interest	(255		)	(255		)	(255		)	510			(255		)
Comprehensive (loss) income attributable to controlling interest	(64,132		)	69,669			52,238			(121,907		)	(64,132		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	339,938		$	553,892		$	785,565		$	(84,339	)	$	1,595,056
Cost of goods sold	245,005			394,329			488,195			(82,795		)	1,044,734
Restructuring and related charges	—			2,791			3,474			—			6,265
Gross profit	94,933			156,772			293,896			(1,544		)	544,057
Operating expenses:
Selling	37,755			75,634			148,753			(471		)	261,671
General and administrative	31,191			37,447			38,125			4			106,767
Research and development	8,600			4,699			1,894			—			15,193
Acquisition and integration related charges	6,309			5,928			3,114			—			15,351
Restructuring and related charges	1,456			3,161			1,112			—			5,729
	85,311			126,869			192,998			(467		)	404,711
Operating income	9,622			29,903			100,898			(1,077		)	139,346
Interest expense	101,053			2,359			7,070			1			110,483
Other (income) expense, net	(84,981		)	(69,672		)	(45		)	154,699			1
(Loss) income from continuing operations before income taxes	(6,450		)	97,216			93,873			(155,777		)	28,862
Income tax expense	8,031			16,185			20,242			(315		)	44,143
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(14,481	)	$	81,031		$	73,631		$	(155,462	)	$	(15,281	)
Other comprehensive income, net of tax:
Foreign currency translation	3,610			3,895			4,672			(8,567		)	3,610
Unrealized gain (loss) on derivative instruments	895			(503		)	(503		)	1,006			895
Defined benefit pension gain	502			4,839			223			(5,062		)	502
Other comprehensive income	5,007			8,231			4,392			(12,623		)	5,007
Comprehensive (loss) income	(9,474		)	89,262			78,023			(168,085		)	(10,274		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended March 31, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(366,560	)	$	217,161		$	46,214		$	(94,634	)	$	(197,819	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(9,442		)	(3,542		)	(7,687		)	—			(20,671		)
Acquisition of Shaser, net of cash acquired	—			—			(23,919		)	—			(23,919		)
Acquisition of the HHI Business, net of cash acquired	—			(1,266,120		)	—			—			(1,266,120		)
Escrow payment - TLM Taiwan acquisition	(100,000		)	—			—			—			(100,000		)
Other investing activities	3			(7		)	36			—			32
Net cash used by investing activities	(109,439		)	(1,269,669		)	(31,570		)	—			(1,410,678		)
Cash flows from financing activities:
Proceeds from issuance of Term Loan	700,000			—			92,000			—			792,000
Proceeds from issuance of 6.375% Notes	520,000			—			—			—			520,000
Proceeds from issuance of 6.625% Notes	570,000			—			—			—			570,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(372,172		)	—			—			—			(372,172		)
Debt issuance costs	(42,027		)	—			(2,136		)	—			(44,163		)
Other debt financing, net	—			—			4,125			—			4,125
Reduction of other debt	—			—			(1,486		)	—			(1,486		)
ABL revolving credit facility, net	76,500			—			—			—			76,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(42,604		)	—			—			—			(42,604		)
Advances related to intercompany transactions	(967,945		)	1,042,811			(169,500		)	94,634			—
Net cash provided (used) by financing activities	470,314			1,042,811			(76,997		)	94,634			1,530,762
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,836		)	—			(1,836		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(913		)	—			(913		)
Net (decrease) increase in cash and cash equivalents	(5,685		)	(9,697		)	(65,102		)	—			(80,484		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	1,044		$	3,605		$	72,739		$	—		$	77,388

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Six Month Period Ended April 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(27,616		)	236,366			53,143			(416,697		)	(154,804		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(6,982		)	(5,597		)	(6,011		)	—			(18,590		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	—			(111		)	(1,852		)	—			(1,963		)
Net cash used by investing activities	(6,982		)	(188,848		)	(7,863		)	—			(203,693		)
Cash flows from financing activities:
Proceeds from 6.75% Notes	300,000			—			—			—			300,000
Payment of 12% Notes, including tender and call premium	(270,431		)	—			—			—			(270,431		)
Proceeds from new 9.5% Notes, including premium	217,000			—			—			—			217,000
Payment of senior credit facilities, excluding ABL revolving credit facility	(2,727		)	—			—			—			(2,727		)
Debt issuance costs	(9,941		)	—			—			—			(9,941		)
Other debt financing, net	—			—			11,866			—			11,866
Reduction of other debt	(25,000		)	—			(1,371		)	—			(26,371		)
ABL revolving credit facility, net	50,000			—			—			—			50,000
Other financing activities	—			(954		)	—			—			(954		)
Proceeds from (advances related to) intercompany transactions	(223,888		)	(53,037		)	(139,772		)	416,697			—
Net cash provided (used) by financing activities	35,013			(53,991		)	(129,277		)	416,697			268,442
Effect of exchange rate changes on cash and cash equivalents	—			—			(671		)	—			(671		)
Net (decrease) increase in cash and cash equivalents	415			(6,473		)	(84,668		)	—			(90,726		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,316		$	48,908		$	—		$	51,688

XML

Goodwill And Intangible Assets Schedule of Goodwill (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2013	Sep. 30, 2012
Goodwill [Line Items]
Goodwill	$ 1,433,967	$ 694,245
Additions	747,903
Effect of translation	(8,181)
Global Pet Supplies [Member]
Goodwill [Line Items]
Goodwill	236,832	237,932
Additions	0
Effect of translation	(1,100)
Home and Garden Business [Member]
Goodwill [Line Items]
Goodwill	187,757	187,757
Additions	0
Effect of translation	0
Global Batteries & Appliances [Member]
Goodwill [Line Items]
Goodwill	331,256	268,556
Additions	65,618
Effect of translation	(2,918)
Hardware & Home Improvement [Member]
Goodwill [Line Items]
Goodwill	678,122	0
Additions	682,285
Effect of translation	$ (4,163)

XML

Description Of Business (Details)	Mar. 31, 2013
1 Description of Business [Abstract]
Number of Countries in which Entity Operates	140

XML

Condensed Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012
Net loss	$ (40,523)	$ (28,451)	$ (47,614)	$ (15,281)
Foreign currency translation	(20,423)	18,539	(17,555)	3,610
Unrealized gain (loss) on derivative instruments	832	(1,226)	1,078	895
Defined benefit pension (loss) gain	(150)	199	(296)	502
Other comprehensive income (loss), net of tax	(19,741)	17,512	(16,773)	5,007
Comprehensive loss	(60,264)	(10,939)	(64,387)	(10,274)
Less: Comprehensive income (loss) attributable to non-controlling interest	263		(255)
Comprehensive loss attributable to controlling interest	$ (60,527)	$ (10,939)	$ (64,132)	$ (10,274)

XML

Description Of Business

6 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description Of Business

DESCRIPTION OF BUSINESS

Spectrum Brands, Inc., a Delaware corporation (“Spectrum Brands” or the “Company”), is a global branded consumer products company. Spectrum Brands, Inc., is a wholly owned subsidiary of Spectrum Brands Holdings, Inc. ("SB Holdings"). SB Holdings' common stock trades on the New York Stock Exchange (the “NYSE”) under the symbol “SPB.”

The Company’s operations include the worldwide manufacturing and marketing of alkaline, zinc carbon and hearing aid batteries, as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. The Company’s operations also include the manufacturing and marketing of specialty pet supplies. The Company also manufactures and markets herbicides, insecticides and insect repellents in North America. The Company also designs, markets and distributes a broad range of branded small appliances and personal care products. The Company’s operations utilize manufacturing and product development facilities located in the United States ("U.S."), Europe, Latin America and Asia.

On December 17, 2012, the Company acquired the residential hardware and home improvement business (the “HHI Business”) from Stanley Black & Decker, Inc. (“Stanley Black & Decker”), which includes (i) the equity interests of certain subsidiaries of Stanley Black & Decker engaged in the business and (ii) certain assets of Stanley Black & Decker used or held for use in connection with the business (the “Hardware Acquisition”). The HHI Business has a broad portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. On April 8, 2013, the Company completed the Hardware Acquisition, which included the acquisition of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation ("TLM Taiwan”), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 15, “Acquisitions.”

The Company sells its products in approximately 140 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers and enjoys name recognition in its markets under the Rayovac, VARTA and Remington brands, each of which has been in existence for more than 80 years, and under the Tetra, 8-in-1, Dingo, Nature's Miracle, Spectracide, Cutter, Hot Shot, Black & Decker, George Foreman, Russell Hobbs, Farberware, Black Flag, FURminator, the previously mentioned HHI Business brands and various other brands.

The Company's global branded consumer products have positions in seven major product categories: consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; home and garden controls; and hardware and home improvement, which consists of the recently acquired HHI Business.

The Company manages the businesses in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company's worldwide battery, electric shaving and grooming, electric personal care and small appliances primarily in the kitchen and home product categories (“Global Batteries & Appliances”); (ii) Global Pet Supplies, which consists of the Company's worldwide pet supplies business (“Global Pet Supplies”); (iii) Home and Garden Business, which consists of the Company's home and garden and insect control business (the “Home and Garden Business”); and (iv) Hardware & Home Improvement, which consists of the recently acquired HHI Business (“Hardware & Home Improvement”). Management reviews the performance of the Company based on these segments, which also reflect the manner in which the Company's management monitors performance and allocates resources. For information pertaining to our business segments, see Note 12, “Segment Results.”

XML

Income Taxes Disclosures (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Apr. 01, 2012	Mar. 31, 2013	Apr. 01, 2012	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	(256.00%)	(145.00%)	(506.00%)	153.00%
Valuation Allowance, Deferred Tax Asset, Change in Amount	$ 3,359		$ 49,291	$ 13,915
Unrecognized Tax Benefits	9,521		9,521		5,877
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 3,767		$ 3,767		$ 3,564

XML

Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Acquisition and Related Charges Policy [Policy Text Block]

Acquisition and Integration Related Charges: Acquisition and integration related charges reflected in Operating expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited) include, but are not limited to, transaction costs such as banking, legal, accounting and other professional fees directly related to acquisitions, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with mergers and acquisitions.

Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]

Basis of Presentation: The condensed consolidated financial statements include the accounts of SB Holdings and its subsidiaries and are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). All intercompany transactions have been eliminated.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Intangible Assets: Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Customer relationships and proprietary technology intangibles are amortized, using the straight-line method, over their estimated useful lives. Excess of cost over fair value of net assets acquired (goodwill) and indefinite lived trade name intangibles are not amortized. Accounting Standards Codification (“ASC”) Topic 350: “Intangibles-Goodwill and Other,” requires that goodwill and indefinite-lived intangible assets be tested for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have been incurred. Goodwill is tested for impairment at the reporting unit level, with such groupings being consistent with the Company’s reportable segments. If an impairment is indicated, a write-down to fair value (normally measured by discounting estimated future cash flows) is recorded. Indefinite lived trade name intangibles are tested for impairment at least annually by comparing the fair value with the carrying value. Any excess of carrying value over fair value is recognized as an impairment loss in income from operations.

The Company’s annual impairment testing is completed at the August financial period end. Management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as unexpected adverse business conditions, economic factors, unanticipated technological change or competitive activities, loss of key personnel, and acts by governments and courts may signal that an asset has become impaired.

Shipping and Handling Cost, Policy [Policy Text Block]

Shipping and Handling Costs: The Company incurred shipping and handling costs of $66,031 and $116,027 for the three and six month periods ended March 31, 2013, respectively, and $49,266 and $99,586 for the three and six month periods ended April 1, 2012, respectively. These costs are included in Selling expenses in the accompanying Condensed Consolidated Statements of Operations (Unaudited). Shipping and handling costs include costs incurred with third-party carriers to transport products to customers as well as salaries and overhead costs related to activities to prepare the Company’s products for shipment from its distribution facilities.

Receivables, Policy [Policy Text Block]

Concentrations of Credit Risk: Trade receivables subject the Company to credit risk. Trade accounts receivable are carried at net realizable value. The Company extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. The Company monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provisions for losses on uncollectible trade receivables are determined based on ongoing evaluations of the Company’s receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation: The Company measures the cost of its stock-based compensation plans based on the fair value of its employee stock awards and recognizes these costs over the requisite service period of the awards.

The fair value of restricted stock awards and restricted stock units is determined based on the market price of the Company’s shares of common stock on the grant date.

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Restructuring And Related Charges (Tables)

6 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Corporate		Total
Restructuring and related charges during the six month period ended March 31, 2013	$	3,201	$	8,079	$	367	$	—	$	11,647
Restructuring and related charges since initiative inception	$	24,010	$	45,077	$	17,987	$	7,591	$	94,665
Total future restructuring and related charges expected	$	1,587	$	3,410	$	1,175	$	—	$	6,172

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	449	$	454	$	814	$	3,474
Hardware & Home Improvement	1,128		—		1,128		—
Global Pet Supplies	1,022		1,206		1,743		2,791
Total restructuring and related charges in cost of goods sold	2,599		1,660		3,685		6,265
Operating expenses:
Global Batteries & Appliances	1,400		767		2,355		1,644
Hardware & Home Improvement	1,553		—		1,553		—
Global Pet Supplies	2,105		1,103		6,336		2,393
Home and Garden Business	183		627		367		971
Corporate	63		112		195		721
Total restructuring and related charges in operating expenses	5,304		2,609		10,806		5,729
Total restructuring and related charges	$	7,903	$	4,269	$	14,491	$	11,994

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	4,527			230			4,757
Cash expenditures	(2,702		)	(603		)	(3,305		)
Non-cash items	31			20			51
Accrual balance at March 31, 2013	$	5,108		$	742		$	5,850
Expensed as incurred (A)	$	667		$	6,223		$	6,890

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Segment Results

6 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Results

SEGMENT RESULTS

The Company manages its business in four vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; (iii) Home and Garden Business; and (iv) Hardware & Home Improvement.

The results of the HHI Business operations since December 17, 2012 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The financial results are reported as a separate business segment, Hardware & Home Improvement.

Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each reportable segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a general manager responsible for the sales and marketing initiatives and financial results for product lines within that segment.

Net sales and Cost of goods sold from transactions with other business segments have been eliminated. The gross contribution of intersegment sales is included in the segment selling the product to the external customer. Segment net sales are based upon the segment from which the product is shipped.

The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, interest expense, interest income and income tax expense. Corporate expenses primarily include general and administrative expenses and global long-term incentive compensation plan costs which are evaluated on a consolidated basis and not allocated to the Company’s operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are identified to operating segments or corporate expense according to the function of each cost center.

All capital expenditures are related to operating segments. Variable allocations of assets are not made for segment reporting.

Segment information for the three and six month periods ended March 31, 2013 and April 1, 2012 is as follows:

	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Net sales from external customers
Consumer batteries	$	199,747		$	205,061		$	470,728		$	473,080
Small appliances	154,647			159,428			374,707			402,489
Electric shaving and grooming	53,309			55,796			146,236			152,119
Electric personal care	60,929			59,784			142,972			141,561
Global Batteries & Appliances	468,632			480,069			1,134,643			1,169,249
Global Pet Supplies	160,436			156,529			300,199			291,467
Home and Garden Business	102,011			109,687			132,523			134,340
Hardware & Home Improvement	256,677			—			290,659			—
Total segments	$	987,756		$	746,285		$	1,858,024		$	1,595,056
	Three Months Ended						Six Months Ended
	2013			2012			2013			2012
Segment profit
Global Batteries & Appliances	$	41,415		$	40,427		$	136,792		$	138,632
Global Pet Supplies	20,332			19,248			36,273			35,309
Home and Garden Business	20,792			22,204			16,531			16,285
Hardware & Home Improvement	6,730			—			3,520			—
Total segments	89,269			81,879			193,116			190,226
Corporate expense	16,623			14,396			24,206			23,535
Acquisition and integration related charges	11,999			7,751			32,811			15,351
Restructuring and related charges	7,903			4,269			14,491			11,994
Interest expense	60,355			69,273			124,135			110,483
Other expense (income), net	3,766			(2,192		)	5,328			1
(Loss) income from continuing operations before income taxes	$	(11,377	)	$	(11,618	)	$	(7,855	)	$	28,862

On February 8, 2013, the Venezuelan government announced the formal devaluation of its currency, the Bolivar fuerte, relative to the U.S. dollar. As Venezuela continues to be considered a highly inflationary economy, the functional currency of the Company's Venezuelan subsidiary is the U.S. dollar. Therefore, the Company remeasured the local statement of financial position of its Venezuela entity as of February 8, 2013 to reflect the impact of the devaluation to the official exchange rate from 4.3 to 6.3 Bolivar fuerte per U.S. dollar. The effect of the devaluation of the Bolivar fuerte was recorded in other expense (income), net and resulted in a $1,953 reduction to the Company's operating income during the three and six month periods ended March 31, 2013.

	March 31, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,249,400	$	2,243,472
Global Pet Supplies	959,685		956,043
Home and Garden Business	539,207		508,083
Hardware & Home Improvement	1,697,604		—
Total segment assets	5,445,896		3,707,598
Corporate	77,395		45,913
Total assets at period end	$	5,523,291	$	3,753,511