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 June 30, 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 June 30, 2013

INDEX

		Page
	Part I—Financial Information
Item 1.	Financial Statements	3
	Condensed Consolidated Statements of Financial Position (Unaudited) as of June 30, 2013 and September 30, 2012	3
	Condensed Consolidated Statements of Operations (Unaudited) for the three and nine month periods ended June 30, 2013 and July 1, 2012	4
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the three and nine month periods ended June 30, 2013 and July 1, 2012	5
	Condensed Consolidated Statements of Cash Flows (Unaudited) for the nine month periods ended June 30, 2013 and July 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	46
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	58
Item 4.	Controls and Procedures	59
	Part II—Other Information
Item 1.	Legal Proceedings	60
Item 1A.	Risk Factors	60
Item 6.	Exhibits	61
Signatures		62

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

SPECTRUM BRANDS, INC.

Condensed Consolidated Statements of Financial Position

June 30, 2013 and September 30, 2012

(Unaudited)

(Amounts in thousands)

	June 30, 2013			September 30, 2012
Assets
Current assets:
Cash and cash equivalents	$	98,904		$	157,872
Receivables:
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	479,307			335,301
Other	74,943			40,067
Inventories	707,340			452,633
Deferred income taxes	21,252			28,143
Prepaid expenses and other	69,800			49,273
Total current assets	1,451,546			1,063,289
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	355,250			214,017
Deferred charges and other	22,389			27,711
Goodwill	1,470,180			694,245
Intangible assets, net	2,169,404			1,714,929
Debt issuance costs	71,903			39,320
Total assets	$	5,540,672		$	3,753,511
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	40,783		$	16,414
Accounts payable	427,539			325,023
Accrued liabilities:
Wages and benefits	63,623			82,119
Income taxes payable	29,586			30,272
Accrued interest	26,906			30,473
Other	155,410			124,597
Total current liabilities	743,847			608,898
Long-term debt, net of current maturities	3,185,271			1,652,886
Employee benefit obligations, net of current portion	109,340			89,994
Deferred income taxes	503,454			377,465
Other	24,845			31,578
Total liabilities	4,566,757			2,760,821
Commitments and contingencies
Shareholders’ equity:
Other capital	1,385,806			1,359,946
Accumulated deficit	(406,513		)	(333,821		)
Accumulated other comprehensive loss	(56,310		)	(33,435		)
Total shareholders' equity	922,983			992,690
Non-controlling interest	50,932			—
Total equity	973,915			992,690
Total liabilities and equity	$	5,540,672		$	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 nine month periods ended June 30, 2013 and July 1, 2012

(Unaudited)

(Amounts in thousands)

	THREE MONTHS ENDED					NINE MONTHS ENDED
	2013		2012			2013			2012
Net sales	$	1,089,825	$	824,803		$	2,947,849		$	2,419,859
Cost of goods sold	706,053		531,069			1,949,332			1,575,803
Restructuring and related charges	1,013		2,038			4,698			8,303
Gross profit	382,759		291,696			993,819			835,753
Selling	165,178		129,851			464,961			391,522
General and administrative	70,057		50,726			196,077			157,493
Research and development	11,486		8,597			31,517			23,790
Acquisition and integration related charges	7,747		5,274			40,558			20,625
Restructuring and related charges	12,232		1,858			23,038			7,587
Total operating expenses	266,700		196,306			756,151			601,017
Operating income	116,059		95,390			237,668			234,736
Interest expense	61,516		39,686			185,652			150,169
Other expense, net	2,613		2,224			7,941			2,225
Income from continuing operations before income taxes	51,930		53,480			44,075			82,342
Income tax expense (benefit)	15,169		(5,371		)	54,928			38,772
Net income (loss)	36,761		58,851			(10,853		)	43,570
Less: Net income attributable to non-controlling interest	263		—			8			—
Net income (loss) attributable to controlling interest	$	36,498	$	58,851		$	(10,861	)	$	43,570

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 nine month periods ended June 30, 2013 and July 1, 2012

(Unaudited)

(Amounts in thousands)

	THREE MONTHS ENDED						NINE MONTHS ENDED
	2013			2012			2013			2012
Net income (loss)	$	36,761		$	58,851		$	(10,853	)	$	43,570
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(7,830		)	(34,148		)	(25,385		)	(30,538		)
Unrealized gain on derivative instruments	1,780			1,475			2,858			2,370
Defined benefit pension (loss) gain	(52		)	422			(348		)	924
Other comprehensive loss, net of tax	(6,102		)	(32,251		)	(22,875		)	(27,244		)
Comprehensive income (loss)	30,659			26,600			(33,728		)	16,326
Less: Comprehensive income attributable to non-controlling interest	263			—			8			—
Comprehensive income (loss) attributable to controlling interest	$	30,396		$	26,600		$	(33,736	)	$	16,326

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 nine month periods ended June 30, 2013 and July 1, 2012

(Unaudited)

(Amounts in thousands)

	NINE MONTHS ENDED
	2013			2012
Cash flows from operating activities:
Net (loss) income	$	(10,853	)	$	43,570
Adjustments to reconcile net (loss) income to net cash used by operating activities, net of effects of acquisitions:
Depreciation	42,618			28,708
Amortization of intangibles	57,502			46,550
Amortization of unearned restricted stock compensation	31,830			15,436
Amortization of debt issuance costs	7,210			5,273
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			2,945
Other non-cash adjustments	19,518			3,021
Net changes in assets and liabilities	(260,148		)	(212,965		)
Net cash used by operating activities	(75,838		)	(67,928		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(45,236		)	(33,117		)
Acquisition of Shaser, net of cash acquired	(42,510		)	—
Acquisition of the HHI Business, net of cash acquired	(1,351,008		)	—
Acquisition of Black Flag	—			(43,750		)
Acquisition of FURminator, net of cash acquired	—			(139,390		)
Other investing activities	(1,141		)	(1,627		)
Net cash used by investing activities	(1,439,895		)	(217,884		)
Cash flows from financing activities:
Proceeds from issuance of Term Loan, net of discount	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	(406,904		)	(4,091		)
Debt issuance costs	(44,469		)	(11,163		)
Other debt financing, net	17,080			6,192
Reduction of other debt	(1,970		)	(27,992		)
ABL revolving credit facility, net	69,500			2,500
Capital contribution from parent	28,562			—
Cash dividends paid to parent	(61,842		)	—
Share based award tax withholding payments	(20,141		)	(3,936		)
Other financing activities	—			(953		)
Net cash provided by financing activities	1,461,816			207,126
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(1,870		)	—
Effect of exchange rate changes on cash and cash equivalents	(3,181		)	(1,429		)
Net decrease in cash and cash equivalents	(58,968		)	(80,115		)
Cash and cash equivalents, beginning of period	157,872			142,414
Cash and cash equivalents, end of period	$	98,904		$	62,299

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 June 30, 2013, the results of operations for the three and nine month periods ended June 30, 2013 and July 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 nine month periods ended June 30, 2013 and July 1, 2012 and the cash flows for the nine month periods ended June 30, 2013 and July 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.

Change in Accounting Principle: During the quarter ended June 30, 2013, the Company made a change in accounting principle to present tax withholdings for share-based payment awards paid to taxing authorities on behalf of an employee as a financing activity within its Condensed Consolidated Statement of Cash Flows. Such amounts were previously presented within operating activities in the Condensed Consolidated Statement of Cash Flows. The Company believes this change is preferable as the predominant characteristic of the transaction is a financing activity. The Company has reclassified the following amounts within its previously reported Condensed Consolidated Statements of Cash Flows on a retrospective basis to reflect this change in accounting principle:

	Nine Months Ended
	2013		2012
Net cash used by operating activities: Net changes in assets and liabilities	17,946		3,936
Net cash provided by financing activities: Share based award tax withholding payments	(17,946	)	(3,936	)

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 $67,023 and $183,050 for the three and nine month periods ended June 30, 2013, respectively, and $48,797 and $148,383 for the three and nine month periods ended July 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.

8

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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 17% and 18% of the Company’s Net sales during the three and nine month periods ended June 30, 2013, respectively, and 23% of the Company’s Net sales during both the three and nine month periods ended July 1, 2012. This customer also represented approximately 10% and 13% of the Company’s Trade accounts receivable, net at June 30, 2013 and September 30, 2012, respectively.

Approximately 37% and 41% of the Company’s Net sales during the three and nine month periods ended June 30, 2013, respectively, and 40% and 44% of the Company’s Net sales during the three and nine month periods ended July 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 nine month periods ended June 30, 2013 was $17,673 and $31,830, respectively. Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and nine month periods ended July 1, 2012 was $4,361 and $15,436, respectively.

The Company granted approximately 30 and 644 restricted stock units during the three and nine month periods ended June 30, 2013, respectively. Of these grants, 90 are performance-based and vest over a one year period and 554 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 $29,319.

The Company granted approximately 42 and 741 restricted stock units during the three and nine month periods ended July 1, 2012, respectively. Of these grants, 42 restricted stock units are time-based and vest over a two year period. The remaining 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 $20,293.

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 awards and restricted stock units during the nine months ended June 30, 2013 is as follows:

Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock awards at September 30, 2012	13		$	28.00	$	364
Vested	(13	)	28.00		(364		)
Non-vested restricted stock awards at June 30, 2013	—		$	—	$	—

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	644		45.53		29,319
Forfeited	(290	)	29.78		(8,637		)
Vested	(1,116	)	28.21		(31,485		)
Non-vested restricted stock units at June 30, 2013	1,169		$	37.75	$	44,128

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 nine month periods ended June 30, 2013 and July 1, 2012:

	Three Months Ended					Nine Months Ended
	2013			2012		2013		2012
Russell Hobbs
Integration costs	$	695		$	1,573	$	2,630	$	6,766
Employee termination charges	(35		)	840		224		3,356
Legal and professional fees	(78		)	587		12		1,508
Russell Hobbs Acquisition and integration related charges	$	582		$	3,000	$	2,866	$	11,630
HHI Business
Legal and professional fees	4,663			—		25,650		—
Integration costs	1,615			—		5,292		—
Employee termination charges	13			—		103		—
HHI Business Acquisition and integration related charges	$	6,291		$	—	$	31,045	$	—
Shaser	161			—		4,534		—
FURminator	372			1,738		1,605		6,337
Black Flag	52			95		90		1,912
Other	289			441		418		746
Total Acquisition and integration related charges	$	7,747		$	5,274	$	40,558	$	20,625

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 nine month periods ended June 30, 2013 and July 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 nine month periods ended June 30, 2013 and July 1, 2012 are as follows:

	Three Months Ended						Nine Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(7,830		)	(34,148		)	(25,385		)	(30,538		)
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive Loss	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	3,193		$	3,210		$	4,595		$	391
Net reclassification adjustment for (gains) losses included in earnings	(507		)	(309		)	(80		)	3,214
Gross change after reclassification adjustment	2,686			2,901			4,515			3,605
Deferred tax effect	(450		)	(1,891		)	(1,566		)	(1,478		)
Deferred tax valuation allowance	(456		)	465			(91		)	243
Other Comprehensive Income	$	1,780		$	1,475		$	2,858		$	2,370
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(575	)	$	217		$	(2,164	)	$	539
Net reclassification adjustment for losses included in Cost of goods sold	326			152			979			320
Net reclassification adjustment for losses included in Selling expenses	41			19			122			40
Net reclassification adjustment for losses included in General and administrative expenses	152			71			456			148
Gross change after reclassification adjustment	(56		)	459			(607		)	1,047
Deferred tax effect	(38		)	(37		)	205			(94		)
Deferred tax valuation allowance	42			—			54			(29		)
Other Comprehensive (Loss) Income	$	(52	)	$	422		$	(348	)	$	924
Total Other Comprehensive Loss, net of tax	$	(6,102	)	$	(32,251	)	$	(22,875	)	$	(27,244	)

4 INVENTORIES

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

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

(Amounts in thousands, except per share figures)

	June 30, 2013		September 30, 2012
Raw materials	$	108,284	$	58,515
Work-in-process	53,461		23,434
Finished goods	545,595		370,684
	$	707,340	$	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			720,890			—			1,179			787,687
Effect of translation	(5,432		)	(5,817		)	(503		)	—			(11,752		)
Balance at June 30, 2013	$	328,742		$	715,073		$	237,429		$	188,936		$	1,470,180
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	(4,887		)	(157		)	886			—			(4,158		)
Balance at June 30, 2013	$	540,539		$	329,843		$	213,028		$	83,500		$	1,166,910
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			157,100			749			—			190,649
Amortization during period	(26,818		)	(7,565		)	(16,013		)	(7,106		)	(57,502		)
Effect of translation	(3,276		)	(698		)	(540		)	—			(4,514		)
Balance at June 30, 2013, net	$	449,818		$	148,837		$	248,818		$	155,021		$	1,002,494
Total Intangible Assets, net at June 30, 2013	$	990,357		$	478,680		$	461,846		$	238,521		$	2,169,404

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)

	June 30, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	175,473		$	90,924
Accumulated amortization	(34,777		)	(22,768		)
Carrying value, net	$	140,696		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	171,482		$	150,829
Accumulated amortization	(41,168		)	(28,347		)
Carrying value, net	$	130,314		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	879,410		$	796,235
Accumulated amortization	(147,926		)	(113,012		)
Carrying value, net	$	731,484		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,002,494		$	873,861

Amortization expense for the three and nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,470	$	2,411	$	12,009	$	6,721
Trade names amortization	4,264		3,509		12,162		9,788
Customer relationships amortization	11,611		10,181		33,331		30,041
	$	20,345	$	16,101	$	57,502	$	46,550

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:

	June 30, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	757,457		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	69,500			2.1	%	—		4.3	%
Other notes and obligations	32,966			8.3	%	18,059		10.9	%
Capitalized lease obligations	29,861			6.2	%	26,683		6.2	%
	$	3,229,784				$	1,664,917
Original issuance (discounts) premiums on debt	(3,730		)			4,383
Less: current maturities	40,783					16,414
Long-term debt	$	3,185,271				$	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 nine month period ended June 30, 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 $201 and $19,328 of fees during the three and nine month periods ended June 30, 2013, respectively, of which $16,907 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 nine month period ended June 30, 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 $3 and $12,906 of fees in connection with the offering of the 6.375% Notes during the three and nine month periods ended June 30, 2013, respectively, and $4 and $14,127 of fees in connection with the offering of the 6.625% Notes during the three and nine month periods ended June 30, 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 nine month period ended June 30, 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 $98 and $206 of fees during the three and nine month periods ended June 30, 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 remaining life of the ABL Facility.

As a result of borrowings and payments under the ABL Facility, at June 30, 2013, the Company had aggregate borrowing availability of approximately $228,055, net of lender reserves of $7,942 and outstanding letters of credit of $38,491.

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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	21	$	985
Commodity contracts	Deferred charges and other	16		1,017
Foreign exchange contracts	Receivables—Other	5,197		1,194
Foreign exchange contracts	Deferred charges and  other	621		—
Total asset derivatives designated as hedging instruments under ASC 815		5,855		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	24		41
Total asset derivatives		$	5,879	$	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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	1,174	$	9
Commodity contracts	Other long-term liabilities	79		—
Foreign exchange contracts	Accounts payable	126		3,063
Foreign exchange contracts	Other long-term  liabilities	13		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,392	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Commodity contract	Accounts payable	197		—
Foreign exchange contracts	Accounts payable	3,324		3,967
Foreign exchange contracts	Other long-term liabilities	1,078		2,926
Total liability derivatives		$	5,991	$	9,965

Changes in AOCI from Derivative Instruments

16

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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 June 30, 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	$	(930	)	Cost of goods sold	$	(321	)	Cost of goods sold	$	11
Foreign exchange contracts	89			Net sales	313			Net sales	—
Foreign exchange contracts	4,034			Cost of goods sold	515			Cost of goods sold	—
Total	$	3,193			$	507			$	11

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the nine month period ended June 30, 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	$	(3,361	)	Cost of goods sold	$	(223	)	Cost of goods sold	$	(71	)
Foreign exchange contracts	755			Net sales	653			Net sales	—
Foreign exchange contracts	7,201			Cost of goods sold	(350		)	Cost of goods sold	—
Total	$	4,595			$	80			$	(71	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended July 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	$	(2,368	)	Cost of goods sold	$	(120	)	Cost of goods sold	$	(6	)
Foreign exchange contracts	(395		)	Net sales	(129		)	Net sales	—
Foreign exchange contracts	5,973			Cost of goods sold	558			Cost of goods sold	—
Total	$	3,210			$	309			$	(6	)

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 nine month period ended July 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	$	(1,989	)	Cost of goods sold	$	(675	)	Cost of goods sold	$	8
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	(61		)	Net sales	(339		)	Net sales	—
Foreign exchange contracts	2,426			Cost of goods sold	(1,336		)	Cost of goods sold	—
Total	$	391			$	(3,214	)		$	8

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 June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	477			7,941		Other expense, net
Total	$	280		$	7,941

During the nine month periods ended June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	(1,834		)	11,734		Other expense, net
Total	$	(2,031	)	$	11,734

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 $36 and $46 at June 30, 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 June 30, 2013 and September 30, 2012, the

18

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

Company had posted cash collateral of $450 and $50, respectively, related to such liability positions. In addition, at June 30, 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 June 30, 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 June 30, 2013, the Company had a series of foreign exchange derivative contracts outstanding through September 2014 with a contract value of $228,419. The derivative net gain on these contracts recorded in AOCI by the Company at June 30, 2013 was $4,138, net of tax expense of $1,541. At June 30, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $3,697, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. The Company hedges a portion of the risk associated with the purchase of 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 June 30, 2013, the Company had a series of zinc swap contracts outstanding through September 2014 for 10 tons with a contract value of $20,372. At June 30, 2013, the Company had a series of brass swap contracts outstanding through September 2014 for 1 ton with a contract value of $5,609. The derivative net loss on these contracts recorded in AOCI by the Company at June 30, 2013 was $1,068, net of tax benefit of $127. At June 30, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,010, 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 June 30, 2013 and September 30, 2012, the Company had $112,737 and $172,581, respectively, of notional value for such foreign exchange derivative contracts outstanding.

The Company periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in fair value of the hedge contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. At June 30, 2013, the Company had a series of such swap contracts outstanding through April 2014 for 60 troy ounces with a contract value of $1,189.

19

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

8 FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s net derivative portfolio as of June 30, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of June 30, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Foreign exchange contracts, net	$	—	$	1,301		$	—	$	1,301
Total Assets, net	$	—	$	1,301		$	—	$	1,301
Liabilities:
Commodity contracts, net	$	—	$	(1,413	)	$	—	$	(1,413	)
Total Liabilities, net	$	—	$	(1,413	)	$	—	$	(1,413	)

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):

	June 30, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,226,054	)	$	(3,395,679	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(1,413		)	(1,413		)	1,993			1,993
Foreign exchange forward agreements	1,301			1,301			(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, Mexico and Taiwan. These pension plans generally provide benefits of stated amounts for each year of service.

20

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

The Company’s results of operations for the three and nine month periods ended June 30, 2013 and July 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Nine Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	867		$	578		$	2,416		$	1,700
Interest cost	2,498			2,552			7,326			7,030
Expected return on assets	(2,196		)	(2,051		)	(6,589		)	(5,378		)
Recognized net actuarial loss	519			242			1,557			508
Employee contributions	(46		)	(46		)	(137		)	(139		)
Net periodic benefit cost	$	1,642		$	1,275		$	4,573		$	3,721

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 nine month periods ended June 30, 2013 and July 1, 2012 were as follows:

	Three Months Ended				Nine Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,188	$	1,289	$	2,890	$	3,767

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 nine month periods ended June 30, 2013 were $2,851 and $5,665, respectively. Company contributions charged to operations, including discretionary amounts, for the three and nine month periods ended July 1, 2012 were $545 and $1,694, respectively.

10 INCOME TAXES

The Company's effective tax rates for the three and nine month periods ended June 30, 2013 were 29% and 125%, respectively. The Company's effective tax rates for the three and nine month periods ended July 1, 2012 were (10)% and 47%, 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 $49,291 as a result of the HHI Business acquisition during the nine months ended June 30, 2013, and $13,915 as a result of the FURminator acquisition during the nine month period ended July 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 June 30, 2013 and September 30, 2012, the Company had $8,968 and $5,877, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3,787 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 consolidated financial statements as part of income tax expense.

As of June 30, 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.

21

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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, excluding the TLM Business, since December 17, 2012 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The results of the TLM Business operations since April 8, 2013 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The financial results related to the HHI Business 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 nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

22

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Net sales to external customers
Consumer batteries	$	207,339	$	211,198	$	678,067	$	684,277
Small appliances	168,744		173,140		543,451		575,630
Electric shaving and grooming	61,742		62,860		207,978		214,979
Electric personal care	53,776		53,526		196,747		195,087
Global Batteries & Appliances	491,601		500,724		1,626,243		1,669,973
Global Pet Supplies	156,440		157,495		456,639		448,962
Home and Garden Business	156,568		166,584		289,091		300,924
Hardware & Home Improvement	285,216		—		575,876		—
Total segments	$	1,089,825	$	824,803	$	2,947,849	$	2,419,859
	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Segment profit
Global Batteries & Appliances	$	44,904	$	47,093	$	181,696	$	185,726
Global Pet Supplies	26,560		22,470		62,833		57,778
Home and Garden Business	43,117		44,224		59,648		60,509
Hardware & Home Improvement	42,963		—		46,483		—
Total segments	157,544		113,787		350,660		304,013
Corporate expense	20,493		9,227		44,698		32,762
Acquisition and integration related charges	7,747		5,274		40,558		20,625
Restructuring and related charges	13,245		3,896		27,736		15,890
Interest expense	61,516		39,686		185,652		150,169
Other expense, net	2,613		2,224		7,941		2,225
Income from continuing operations before income taxes	$	51,930	$	53,480	$	44,075	$	82,342

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, net and resulted in a $1,953 reduction to the Company's pretax income during the nine month period ended June 30, 2013.

	June 30, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,213,741	$	2,243,472
Global Pet Supplies	959,282		956,043
Home and Garden Business	542,525		508,083
Hardware & Home Improvement	1,787,178		—
Total segment assets	5,502,726		3,707,598
Corporate	37,946		45,913
Total assets at period end	$	5,540,672	$	3,753,511

12 RESTRUCTURING AND RELATED CHARGES

23

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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 nine month periods ended June 30, 2013 and July 1, 2012:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	93	$	1,205	$	907	$	4,679
Hardware & Home Improvement	644		—		1,772		—
Global Pet Supplies	276		833		2,019		3,624
Total restructuring and related charges in cost of goods sold	1,013		2,038		4,698		8,303
Operating expenses:
Global Batteries & Appliances	8,201		640		10,556		2,283
Hardware & Home Improvement	1,698		—		3,251		—
Global Pet Supplies	1,165		883		7,501		3,276
Home and Garden Business	151		192		518		1,163
Corporate	1,017		143		1,212		865
Total restructuring and related charges in operating expenses	12,232		1,858		23,038		7,587
Total restructuring and related charges	$	13,245	$	3,896	$	27,736	$	15,890

Global Expense Rationalization Initiatives Summary

During the third quarter of the fiscal year ending September 30, 2013, the Company implemented a series of initiatives throughout the Company to reduce operating costs (the “Global Expense Rationalization Initiatives”). These initiatives consist of headcount reductions in the Global Batteries & Appliances segment and Corporate. Costs associated with these initiatives, which are expected to be incurred through December 31, 2014, are currently projected to total approximately $10,500.

The Company recorded $7,876 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, and no pretax restructuring and related charges during the three and nine month periods ended July 1, 2012, related to the Global Cost Reduction Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Expense Rationalization Initiatives and the activity during the nine month period ended June 30, 2013:

	Termination Benefits			Other Costs		Total
Accrual balance at September 30, 2012	$	—		$	—	$	—
Provisions	6,751			—		6,751
Cash expenditures	(99		)	—		(99		)
Non-cash items	(14		)	—		(14		)
Accrual balance at June 30, 2013	$	6,638		$	—	$	6,638
Expensed as incurred (A)	$	798		$	327	$	1,125

24

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

 ______________________________

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

The following table summarizes the expenses incurred during the nine month period ended June 30, 2013, the cumulative amount incurred to date and the total future expected costs to be incurred associated with the Global Expense Rationalization Initiatives by operating segment:

	Global Batteries & Appliances		Corporate		Total
Restructuring and related charges during the nine month period ended June 30, 2013	$	6,922	$	954	$	7,876
Restructuring and related charges since initiative inception	$	6,922	$	954	$	7,876
Total future restructuring and related charges expected	$	2,297	$	250	$	2,547

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 $104,500.

The Company recorded $2,981 and $14,627 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, and $3,768 and $15,070 of pretax restructuring and related charges during the three and nine month periods ended July 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 nine month period ended June 30, 2013:

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	5,418			226			5,644
Cash expenditures	(3,103		)	(1,055		)	(4,158		)
Non-cash items	(5		)	40			35
Accrual balance at June 30, 2013	$	5,562		$	306		$	5,868
Expensed as incurred (A)	$	1,183		$	7,800		$	8,983

 ______________________________

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

The following table summarizes the expenses incurred during the nine month period ended June 30, 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:

25

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Corporate		Total
Restructuring and related charges during the nine month period ended June 30, 2013	$	4,589	$	9,520	$	518	$	—	$	14,627
Restructuring and related charges since initiative inception	$	25,398	$	46,519	$	18,138	$	7,591	$	97,646
Total future restructuring and related charges expected	$	693	$	5,085	$	1,009	$	—	$	6,787

The Company recorded $2,342 and $5,023 of restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, 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 $210 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, and $128 and $820 of pretax restructuring and related charges during the three and nine month periods ended July 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 $5,126, 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.

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. A portion of the HHI Business, consisting of the purchase of certain assets of TLM Taiwan, closed on April 8, 2013.

The following table summarizes the preliminary consideration paid for the HHI Business:

Negotiated sales price, excluding TLM Taiwan	$	1,300,000
Working capital and other adjustments at December 17, 2012 close	(10,738		)
Final working capital adjustment	(7,669		)
Final purchase price, excluding TLM Taiwan	$	1,281,593
Negotiated sales price, TLM Taiwan	100,000
Working capital and other adjustments at April 8, 2013 close	(6,500		)
Total HHI Business purchase price	$	1,375,093

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

26

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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.

The results of the HHI Business operations since December 17, 2012, excluding TLM Taiwan, are included in the Company's Condensed Consolidated Statements of Operations (Unaudited). The results of TLM Taiwan operations since April 8, 2013 are included in the Company's Condensed Consolidated Statements of Operations (Unaudited). The HHI Business is 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, excluding TLM Taiwan, have been recognized in the Condensed Consolidated Statement of Financial Position based upon their preliminary values at December 17, 2012. The preliminary fair values of the net tangible and intangible assets acquired and liabilities assumed in connection with the TLM Taiwan purchase have been recognized in the Condensed Consolidated Statement of Financial Position based upon their preliminary values at April 8, 2013. 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:

27

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

	HHI Business Preliminary Valuation December 30, 2012			TLM Taiwan Preliminary Valuation June 30, 2013		Adjustments / reclassifications			Preliminary Valuation June 30, 2013
Cash	$	17,406		843		$	5,836		$	24,085
Accounts receivable	104,641			11		4,377			109,029
Inventory	207,160			1,135		(2,393		)	205,902
Prepaid expenses and other	13,311			2,148		(4,160		)	11,299
Property, plant and equipment	104,502			36,750		(5,147		)	136,105
Intangible assets	470,000			17,100		—			487,100
Other long-term assets	3,051			124		—			3,175
Total assets acquired	$	920,071		$	58,111	$	(1,487	)	$	976,695
Accounts payable	130,140			—		7,967			138,107
Deferred tax liability - current	7,081			—		(32		)	7,049
Accrued liabilities	37,530			241		129			37,900
Deferred tax liability - long-term	104,708			1,930		11,177			117,815
Other long-term liabilities	11,231			8,089		(2,168		)	17,152
Total liabilities assumed	$	290,690		$	10,260	$	17,073		$	318,023
Total identifiable net assets	629,381			47,851		(18,560		)	658,672
Non-controlling interest	(2,235		)	—		(2,234		)	(4,469		)
Goodwill	662,116			45,649		13,125			720,890
Total net assets	$	1,289,262		$	93,500	$	(7,669	)	$	1,375,093

Since the preliminary valuation on December 30, 2012, the Company recorded $45,649 to goodwill related to the acquisition of TLM Taiwan on April 8, 2013, and recorded adjustments to the preliminary valuation of assets and liabilities, excluding TLM Taiwan, resulting in a net increase to goodwill of $13,125.  The preliminary goodwill increased $11,177 as a result of recording certain state and foreign valuation allowances against deferred tax assets, $5,147 resulting from a reduction in certain property, plant and equipment asset values and $2,393 from a reduction in inventory asset values. The preliminary goodwill decreased $7,669 as a result of the final working capital adjustment related to the December 17, 2012 close. The changes in estimates were the result of additional accounting information provided by Stanley Black & Decker during the period. The Company believes that the 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 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, excluding TLM Taiwan, on December 17, 2012. The Company performed a preliminary valuation of the assets and liabilities of TLM Taiwan

28

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

on April 8, 2013. 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 $487,100. 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 annual expected growth rate of 2.5% - 3%. The Company assumed a customer retention rate of approximately 95%, which was supported by historical retention rates. Income taxes were estimated at 17% - 35% and amounts were discounted using a rate of 12%. The customer relationships were valued at $90,000 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 definite lived trade names 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 rates used in the determination of the fair values of the trade names ranged from1% - 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 17% - 35% and amounts were discounted using a rate of 12%. The trade names were valued at $4,100 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

29

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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 $124,864 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 Ended				Nine Months Ended
	2013		2012		2013			2012
Net sales:
Reported Net sales	$	1,089,825	$	824,803	$	2,947,849		$	2,419,859
HHI Business adjustment (1)	—		253,004		191,777			716,862
Pro forma Net sales	$	1,089,825	$	1,077,807	$	3,139,626		$	3,136,721
Net income (loss):
Reported Net income (loss) (2) (3)	$	36,761	$	58,851	$	(10,853	)	$	43,570
HHI Business adjustment (1)	—		26,665		4,942			49,593
Pro forma Net income (loss)	$	36,761	$	85,516	$	(5,911	)	$	93,163

(1) The results related to the HHI Business adjustment do not reflect the TLM Taiwan business as stand alone financial data is not available for the periods periods presented. The TLM Taiwan business is not deemed material to the operating results of the Company.

(2) Included in Reported Net loss for the nine month period ended June 30, 2013, is an adjustment of $49,291 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.”

(3) Included in Reported Net loss for the three and nine month periods ended June 30, 2013, is $6,291 and $31,045, 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.”

Shaser

On November 8, 2012, SB Holdings 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:

30

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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 the calendar year ending December 31, 2016.  

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 June 30, 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 further change. 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

31

SPECTRUM BRANDS, INC.

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

(Amounts in thousands, except per share figures)

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.

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

17 CONSOLIDATING FINANCIAL STATEMENTS

32

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.

33

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Financial Position

June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	682		$	2,732		$	95,490		$	—		$	98,904
Receivables:
Trade accounts receivables, net of allowances	41,796			106,106			331,405			—			479,307
Intercompany receivables	220,219			904,187			(190,895		)	(930,162		)	3,349
Other	2,210			12,909			56,475			—			71,594
Inventories	103,035			183,363			429,895			(8,953		)	707,340
Deferred income taxes	(5,697		)	23,257			1,414			2,278			21,252
Prepaid expenses and other	19,138			8,705			113,353			(71,396		)	69,800
Total current assets	381,383			1,241,259			837,137			(1,008,233		)	1,451,546
Property, plant and equipment, net	68,111			46,562			240,577			—			355,250
Long-term intercompany receivables	108,626			132,430			40,220			(281,276		)	—
Deferred charges and other	6,353			2,011			14,025			—			22,389
Goodwill	67,722			440,043			962,415			—			1,470,180
Intangible assets, net	507,135			746,714			915,555			—			2,169,404
Debt issuance costs	70,064			—			1,839			—			71,903
Investments in subsidiaries	3,979,462			2,412,934			445			(6,392,841		)	—
Total assets	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	6,786		$	1,346		$	32,651		$	—		$	40,783
Accounts payable	66,577			80,464			280,498			—			427,539
Intercompany accounts payable	920,146			309,386			124,341			(1,353,873		)	—
Accrued liabilities:
Wages and benefits	3,941			8,065			51,617			—			63,623
Income taxes payable	44			97			29,445			—			29,586
Accrued interest	25,983			—			923			—			26,906
Other	21,772			33,447			100,191			—			155,410
Total current liabilities	1,045,249			432,805			619,666			(1,353,873		)	743,847
Long-term debt, net of current maturities	3,073,415			2,554			109,302			—			3,185,271
Intercompany long-term debt	—			349,173			(421,709		)	72,536			—
Employee benefit obligations, net of current portion	33,016			—			76,324			—			109,340
Deferred income taxes	42,598			256,898			203,958			—			503,454
Other	12,045			1,062			11,738			—			24,845
Total liabilities	4,206,323			1,042,492			599,279			(1,281,337		)	4,566,757
Shareholders’ equity:
Other capital	1,394,424			3,181,285			2,218,803			(5,408,706		)	1,385,806
Accumulated (deficit) retained earnings	(406,513		)	780,417			172,322			(952,739		)	(406,513		)
Accumulated other comprehensive loss	(56,310		)	(39,365		)	(35,315		)	74,680			(56,310		)
Total shareholders’ equity	931,601			3,922,337			2,355,810			(6,286,765		)	922,983
Non-controlling interest	50,932			57,124			57,124			(114,248		)	50,932
Total equity	982,533			3,979,461			2,412,934			(6,401,013		)	973,915
Total liabilities and shareholders’ equity	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672

34

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

35

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	138,746		$	344,883		$	870,895	$	(264,699	)	$	1,089,825
Cost of goods sold	103,974			226,763			638,178		(262,862		)	706,053
Restructuring and related charges	—			275			738		—			1,013
Gross profit	34,772			117,845			231,979		(1,837		)	382,759
Operating expenses:
Selling	17,018			37,834			110,585		(259		)	165,178
General and administrative	16,446			20,108			33,503		—			70,057
Research and development	4,806			2,490			4,190		—			11,486
Acquisition and integration related charges	5,294			967			1,486		—			7,747
Restructuring and related charges	3,415			2,856			5,961		—			12,232
Total operating expense	46,979			64,255			155,725		(259		)	266,700
Operating income	(12,207		)	53,590			76,254		(1,578		)	116,059
Interest expense	55,686			980			4,847		3			61,516
Other (income) expense, net	(87,536		)	(54,320		)	2,714		141,755			2,613
(Loss) income from continuing operations before income taxes	19,643			106,930			68,693		(143,336		)	51,930
Income tax expense	(17,118		)	16,666			15,637		(16		)	15,169
Net (loss) income	36,761			90,264			53,056		(143,320		)	36,761
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	36,498		$	90,001		$	52,793	$	(142,794	)	$	36,498

36

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	36,761		$	90,264		$	53,056		$	(143,320	)	$	36,761
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(7,830		)	(7,834		)	(8,113		)	15,947			(7,830		)
Unrealized gain on derivative instruments	1,780			1,926			1,926			(3,852		)	1,780
Defined benefit pension loss	(52		)	(52		)	(52		)	104			(52		)
Other comprehensive (loss) income	(6,102		)	(5,960		)	(6,239		)	12,199			(6,102		)
Comprehensive (loss) income	30,659			84,304			46,817			(131,121		)	30,659
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	30,396			84,041			46,554			(130,595		)	30,396

37

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	149,130		$	357,363		$	433,024	$	(114,714	)	$	824,803
Cost of goods sold	109,719			239,647			296,558		(114,855		)	531,069
Restructuring and related charges	—			804			1,234		—			2,038
Gross profit	39,411			116,912			135,232		141			291,696
Operating expenses:
Selling	18,348			40,096			71,552		(145		)	129,851
General and administrative	5,131			21,435			23,532		628			50,726
Research and development	5,000			2,713			884		—			8,597
Acquisition and integration related charges	1,055			3,003			1,216		—			5,274
Restructuring and related charges	140			659			1,059		—			1,858
	29,674			67,906			98,243		483			196,306
Operating (loss) income	9,737			49,006			36,989		(342		)	95,390
Interest expense	35,204			1,401			3,078		3			39,686
Other (income) expense, net	(66,677		)	(16,711		)	2,035		83,577			2,224
(Loss) income from continuing operations before income taxes	41,210			64,316			31,876		(83,922		)	53,480
Income tax (benefit) expense	(17,641		)	5,814			6,333		123			(5,371		)
Net (loss) income	$	58,851		$	58,502		$	25,543	$	(84,045	)	$	58,851

38

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	58,851		$	58,502		$	25,543		$	(84,045	)	$	58,851
Other comprehensive income, net of tax:
Foreign currency translation	(34,147		)	(34,357		)	(35,088		)	69,444			(34,148		)
Unrealized loss on derivative instruments	1,474			2,714			2,715			(5,428		)	1,475
Defined benefit pension gain (loss)	422			422			422			(844		)	422
Other comprehensive income	(32,251		)	(31,221		)	(31,951		)	63,172			(32,251		)
Comprehensive (loss) income	26,600			27,281			(6,408		)	(20,873		)	26,600

39

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	466,600		$	868,542		$	2,256,031	$	(643,324	)	$	2,947,849
Cost of goods sold	340,769			590,325			1,656,965		(638,727		)	1,949,332
Restructuring and related charges	—			1,854			2,844		—			4,698
Gross profit	125,831			276,363			596,222		(4,597		)	993,819
Operating expenses:
Selling	56,222			107,418			302,037		(716		)	464,961
General and administrative	51,182			56,660			88,216		19			196,077
Research and development	13,330			7,424			10,763		—			31,517
Acquisition and integration related charges	32,099			3,631			4,828		—			40,558
Restructuring and related charges	3,877			9,195			9,966		—			23,038
	156,710			184,328			415,810		(697		)	756,151
Operating (loss) income	(30,879		)	92,035			180,412		(3,900		)	237,668
Interest expense	168,808			3,132			13,705		7			185,652
Other (income) expense, net	(170,869		)	(121,518		)	7,531		292,797			7,941
(Loss) income from continuing operations before income taxes	(28,818		)	210,421			159,176		(296,704		)	44,075
Income tax (benefit) expense	(17,965		)	35,106			38,419		(632		)	54,928
Net (loss) income	(10,853		)	175,315			120,757		(296,072		)	(10,853		)
Less: Net loss attributable to non-controlling interest	8			8			8		(16		)	8
Net (loss) income attributable to controlling interest	$	(10,861	)	$	175,307		$	120,749	$	(296,056	)	$	(10,861	)

40

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(10,853	)	$	175,315		$	120,757		$	(296,072	)	$	(10,853	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(25,385		)	(25,457		)	(25,817		)	51,274			(25,385		)
Unrealized gain on derivative instruments	2,858			4,209			4,209			(8,418		)	2,858
Defined benefit pension loss	(348		)	(347		)	(347		)	694			(348		)
Other comprehensive (loss) income	(22,875		)	(21,595		)	(21,955		)	43,550			(22,875		)
Comprehensive (loss) income	(33,728		)	153,720			98,802			(252,522		)	(33,728		)
Less: Comprehensive loss attributable to non-controlling interest	8			8			8			(16		)	8
Comprehensive (loss) income attributable to controlling interest	(33,736		)	153,712			98,794			(252,506		)	(33,736		)

41

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	489,068		$	915,117		$	1,411,931	$	(396,257	)	$	2,419,859
Cost of goods sold	354,725			638,757			977,269		(394,948		)	1,575,803
Restructuring and related charges	—			3,595			4,708		—			8,303
Gross profit	134,343			272,765			429,954		(1,309		)	835,753
Operating expenses:
Selling	56,103			115,730			220,385		(696		)	391,522
General and administrative	36,322			58,881			60,550		1,740			157,493
Research and development	13,600			7,412			2,778		—			23,790
Acquisition and integration related charges	7,364			8,931			4,330		—			20,625
Restructuring and related charges	1,596			3,819			2,172		—			7,587
	114,985			194,773			290,215		1,044			601,017
Operating income	19,358			77,992			139,739		(2,353		)	234,736
Interest expense	136,257			3,760			10,150		2			150,169
Other (income) expense, net	(150,859		)	(86,912		)	3,153		236,843			2,225
(Loss) income from continuing operations before income taxes	33,960			161,144			126,436		(239,198		)	82,342
Income tax expense	(9,610		)	21,735			26,690		(43		)	38,772
Net (loss) income	$	43,570		$	139,409		$	99,746	$	(239,155	)	$	43,570

42

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	43,570		$	139,409		$	99,746		$	(239,155	)	$	43,570
Other comprehensive income, net of tax:
Foreign currency translation	(30,538		)	(30,462		)	(30,415		)	60,877			(30,538		)
Unrealized gain (loss) on derivative instruments	2,370			2,211			2,211			(4,422		)	2,370
Defined benefit pension gain	924			5,261			645			(5,906		)	924
Other comprehensive income	(27,244		)	(22,990		)	(27,559		)	50,549			(27,244		)
Comprehensive (loss) income	16,326			116,419			72,187			(188,606		)	16,326

43

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(230,744	)	$	41,163		$	672,999		$	(559,256	)	$	(75,838	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,857		)	(5,958		)	(24,421		)	—			(45,236		)
Acquisition of Shaser, net of cash acquired	—			—			(42,510		)	—			(42,510		)
Acquisition of the HHI Business, net of cash acquired	—			(1,351,008		)	—			—			(1,351,008		)
Other investing activities	73			(1,289		)	75			—			(1,141		)
Net cash used by investing activities	(14,784		)	(1,358,255		)	(66,856		)	—			(1,439,895		)
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	(406,904		)	—			—			—			(406,904		)
Debt issuance costs	(42,333		)	—			(2,136		)	—			(44,469		)
Other debt financing, net	—			—			17,080			—			17,080
Reduction of other debt	—			—			(1,970		)	—			(1,970		)
ABL revolving credit facility, net	69,500			—			—			—			69,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(61,842		)	—			—			—			(61,842		)
Share based award tax withholding payments	(20,141		)	—			—			—			(20,141		)
Advances related to intercompany transactions	(1,117,361		)	1,306,522			(748,417		)	559,256			—
Net cash provided (used) by financing activities	239,481			1,306,522			(643,443		)	559,256			1,461,816
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,870		)	—			(1,870		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,181		)	—			(3,181		)
Net (decrease) increase in cash and cash equivalents	(6,047		)	(10,570		)	(42,351		)	—			(58,968		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	682		$	2,732		$	95,490		$	—		$	98,904

44

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(46,049		)	188,635			125,730			(336,244		)	(67,928		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,321		)	(9,719		)	(9,077		)	—			(33,117		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	135			(92		)	(1,670		)	—			(1,627		)
Net cash used by investing activities	(14,186		)	(192,951		)	(10,747		)	—			(217,884		)
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	(4,091		)	—			—			—			(4,091		)
Debt issuance costs	(11,163		)	—			—			—			(11,163		)
Other debt financing, net	—			—			6,192			—			6,192
Reduction of other debt	(25,000		)	—			(2,992		)	—			(27,992		)
ABL revolving credit facility, net	2,500			—			—			—			2,500
Share based award tax withholding payments	(3,936		)	—			—			—			(3,936		)
Other financing activities	—			(953		)	—			—			(953		)
Proceeds from (advances related to) intercompany transactions	(144,229		)	(1,360		)	(190,655		)	336,244			—
Net cash provided (used) by financing activities	60,650			(2,313		)	(187,455		)	336,244			207,126
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,429		)	—			(1,429		)
Net (decrease) increase in cash and cash equivalents	415			(6,629		)	(73,901		)	—			(80,115		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,160		$	59,675		$	—		$	62,299

45

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.

46

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 Nine Months Ended June 30, 2013 Compared to Fiscal Quarter and Fiscal Nine Months Ended July 1, 2012

In this Quarterly Report on Form 10-Q we refer to the three month period ended June 30, 2013 as the “Fiscal 2013 Quarter,” the nine month period ended June 30, 2013 as the “Fiscal 2013 Nine Months,” the three month period ended July 1, 2012 as the “Fiscal 2012 Quarter,” and the nine month period ended July 1, 2012 as the “Fiscal 2012 Nine Months.”

Net Sales. Net sales for the Fiscal 2013 Quarterincreased$265 million to $1,090 million from $825 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	$	825
Addition of hardware and home improvement products	285
Increase in pet supplies	1
Decrease in electric shaving and grooming products	(1		)
Decrease in consumer batteries	(3		)
Decrease in small appliances	(4		)
Decrease in home and garden control products	(10		)
Foreign currency impact, net	(3		)
Fiscal 2013 Quarter Net Sales	$	1,090

Net sales for the Fiscal 2013 Nine Monthsincreased$528 million to $2,948 million from $2,420 million in the Fiscal 2012 Nine Months, a 22%increase. The following table details the principal components of the change in net sales from the Fiscal 2012 Nine Months to the Fiscal 2013 Nine Months (in millions):

	Net Sales
Fiscal 2012 Nine Months Net Sales	$	2,420
Addition of hardware and home improvement products	576
Increase in pet supplies	11
Increase in consumer batteries	1
Increase in electric personal care products	3
Decrease in electric shaving and grooming products	(6		)
Decrease in home and garden control products	(11		)
Decrease in small appliances	(33		)
Foreign currency impact, net	(13		)
Fiscal 2013 Nine Months Net Sales	$	2,948

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

47

	Fiscal Quarter				Fiscal Nine Months
	2013		2012		2013		2012
Product line net sales
Consumer batteries	$	207	$	211	$	678	$	685
Small appliances	169		173		543		576
Pet supplies	156		157		457		449
Home and garden control products	157		167		289		300
Electric personal care products	54		54		197		195
Electric shaving and grooming products	62		63		208		215
Hardware and home improvement products	285		—		576		—
Total net sales to external customers	$	1,090	$	825	$	2,948	$	2,420

Global consumer battery sales decreased $4 million, or 2%, during the Fiscal 2013 Quarter versus the Fiscal 2012 Quarter. Excluding the negative foreign exchange impacts of $1 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 the non-recurrence of Fiscal 2012 Quarter promotions and inventory management at key retailers, tempered by new customer listings and expansion into new channels. Global consumer battery sales decreased $7 million, or 1%, during the Fiscal 2013 Nine Months compared to the Fiscal 2012 Nine Months. Excluding the impact of negative foreign exchange of $8 million, global consumer battery sales increased $1 million. The slight constant currency increase in global consumer battery sales was primarily attributable to new customer listings, expansion into new channels and increased portable lighting sales due to successful new product offerings and severe weather in the U.S., tempered by the non-recurrence of promotions and inventory management at key customers 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 $5 million, partially offset by increased Latin American sales of $1 million. Decreased North American sales were attributable to the planned exit of low margin products which accounted for a decrease of nearly $10 million in sales, driving an improvement in gross margin of nearly 350 basis points for the product line, tempered by strong sales at key customers. Gains within Latin America were driven by increased seasonal promotions. Small appliances sales decreased $33 million, or 6%, during the Fiscal 2013 Nine Months versus the Fiscal 2012 Nine Months, primarily attributable to declines in North American and Latin American sales of $42 million and $1 million, respectively, partially offset by a $10 million increase in European small appliance sales. The North American sales declines were attributable to the planned exit of certain low margin products. Strong small appliances sales in Europe were driven by market share gains in the United Kingdom, regional expansion in both Eastern and Western Europe and successful new product lines.

Pet supply sales decreased$1 million, or 1%, during the Fiscal 2013 Quarter, attributable to negative foreign currency exchange impacts of $2 million, partially offset by increased aquatics sales of $1 million. The gain in aquatics sales resulted from increased aquarium starter kits and systems sales in North America, tempered by decreased tropical food and outdoor pond product sales in Europe driven by a cooler spring. Pet supply sales increased$8 million, or 2%, during the Fiscal 2013 Nine Months versus the Fiscal 2012 Nine Months, attributable to increased companion animal sales of $14 million, tempered by a $2 million decline in aquatics sales and $4 million of negative foreign currency impacts. Gains in companion animal sales were driven by growth in the Dingo brand, increased litter pan sales in North America and the inclusion of FURminator sales for the full period as the acquisition was completed on December 22, 2011. The decline in aquatic sales is a result of the previously mentioned decline in tropical food and outdoor pond product sales in Europe, partially offset by strong starter kit and system sales in North America.

Home and garden control product sales decreased$10 million, or 6%, during the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter, driven by a $15 million decline in household insect control sales, partially offset by a $5 million increase in lawn and garden control sales, which was driven by the late arrival of warm weather in the fiscal year ending September 30, 2013 ("Fiscal 2013") resulting in a delay to the major selling season for these products. Lawn and garden controls began to recover in the Fiscal 2013 Quarter driving quarter over quarter increases in this category. Home and garden product sales decreased$11 million, or 4%, in the Fiscal 2013 Nine Months versus the Fiscal 2012 Nine Months, driven by the delayed start to the selling season discussed for the Fiscal 2013 Quarter, tempered by gains in the first quarter of Fiscal 2013 from new retail distribution, inclusion of Black Flag sales for the full period, as the acquisition was completed on October 31, 2011, and retail replenishment following strong sales in the fourth quarter of the fiscal year ended September 30, 2012 ("Fiscal 2012").

48

Electric personal care sales were flat in the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter. Geographically, European sales increased $4 million, driven by additional distribution channels and new innovative products, which was offset by $3 million and $1 million decreases in Latin American and North American sales, respectively. The declines in Latin America were a result of decreased promotions and lower sales to customers who export to Venezuela, partially offset by distribution gains in Brazil and Central America. Electric personal care sales increased$2 million, or 1%, in the Fiscal 2013 Nine Months versus the Fiscal 2012 Nine Months, resulting from a sales increase of $6 million in Europe, driven by the factors described above for the Fiscal 2013 Quarter, coupled with additional customer gains. The gains were tempered by a $3 million decline in Latin American sales, also driven by the factors discussed above, and negative foreign exchange impacts of $1 million.

During the Fiscal 2013 Quarter, electric shaving and grooming product sales decreased$1 million, or 2%, due to a $4 million decrease in North American sales, tempered by a $3 million increase in European sales. The declines in North American sales resulted from decreased retail space available for the product category at a major retailer and customer inventory management; whereas, European sales gains were driven by successful new product launches and promotions. Electric shaving and grooming product sales decreased$7 million, or 3%, during the Fiscal 2013 Nine Months compared to the Fiscal 2012 Nine Months, attributable to an $11 million decline in North American sales, a $1 million decline in Latin American sales and $1 million of negative foreign currency impacts, partially offset by a $6 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. The decrease in Latin American sales was driven by lower sales to customers who export to Venezuela and import restrictions in Argentina, tempered by expansion in Brazil driven by successful new product launches and distribution gains.

Hardware and home improvement sales were $285 million during the Fiscal 2013 Quarter and $576 million for the Fiscal 2013 Nine Months, reflecting the results of the HHI Business, excluding TLM Taiwan, subsequent to the acquisition on December 17, 2012. The results of TLM Taiwan are reflected subsequent to April 8, 2013.

Gross Profit. Gross profit for the Fiscal 2013 Quarter was $383 million versus $292 million for the Fiscal 2012 Quarter. The HHI Business contributed $101 million in Gross profit. Our gross profit margin for the Fiscal 2013 Quarter decreased to 35.1% from 35.4% in the Fiscal 2012 Quarter. The decrease in gross profit margin was driven by unfavorable product mix and increased product costs.

Gross profit for the Fiscal 2013 Nine Months was $994 million versus $836 million for the Fiscal 2012 Nine Months. The increase in gross profit was driven by the acquisition of the HHI Business which contributed $169 million in Gross profit in the Fiscal 2013 Nine Months. Our gross profit margin for the Fiscal 2013 Nine Months decreased to 33.7% from 34.5% in the Fiscal 2012 Nine Months. 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 Expenses. Operating expenses for the Fiscal 2013 Quarter totaled $267 million compared to $196 million for the Fiscal 2012 Quarter, representing an increase of $71 million. The increase in operating expenses during the Fiscal 2013 Quarter is primarily attributable to the acquisition of the HHI Business which accounted for $59 million in operating expenses and led to a $3 million increase in Acquisition and integration related charges. Furthermore, we incurred a $10 million increase in Restructuring and related charges primarily attributable to the Global Expense Rationalization Initiative announced in the Fiscal 2013 Quarter and an increase in stock compensation expense of $13 million, tempered by $13 million in savings across all segments from our cost reduction initiatives and positive foreign exchange impacts of $1 million.

Operating expenses for the Fiscal 2013 Nine Months totaled $756 million compared to $601 million for the Fiscal 2012 Nine Months. The $155 million increase in operating expenses during the Fiscal 2013 Nine Months is primarily attributable to the acquisition of the HHI Business which accounted for $124 million in operating expenses and led to a $20 million increase in Acquisition and integration related charges. Furthermore, we incurred a $16 million increase in Restructuring and related charges and an increase in stock compensation expense of $17 million, tempered by $18 million in savings across all segments from our cost reduction initiatives and 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.

49

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 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 11, “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 ("Adjusted 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 Spectrum Brands for the Fiscal 2013 Quarter, the Fiscal 2013 Nine Months, the Fiscal 2012 Quarter and the Fiscal 2012 Nine 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)	$	32	$	24	$	43	$	40	$	(103	)	$	36
Income tax expense	—		—		—		—		15			15
Interest expense	—		—		—		—		62			62
Acquisition and integration related charges	1		1		—		1		5			8
Restructuring and related charges	9		1		—		2		1			13
Adjusted EBIT	$	42	$	26	$	43	$	43	$	(20	)	$	134
Depreciation and amortization (c)	17		7		3		10		18			55
Adjusted EBITDA	$	59	$	33	$	46	$	53	$	(2	)	$	189

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Fiscal 2013 Nine 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)	$	159	$	51	$	59	$	37	$	(317	)	$	(11	)
Pre-acquisition earnings of HHI (b)	—		—		—		30		—			30
Income tax expense	—		—		—		—		55			55
Interest expense	—		—		—		—		185			185
Acquisition and integration related charges	4		2		—		4		30			40
Restructuring and related charges	12		9		—		5		1			27
HHI Business inventory fair value adjustment	—		—		—		31		—			31
Venezuela devaluation	2		—		—		—		—			2
Adjusted EBIT	$	177	$	62	$	59	$	107	$	(46	)	$	359
Depreciation and amortization (c)	50		22		9		20		32			133
Adjusted EBITDA	$	227	$	84	$	68	$	127	$	(14	)	$	492

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)	$	41	$	19	$	44	$	—	$	(45	)	$	59
Pre-acquisition earnings of HHI (b)	—		—		—		52		—			52
Income tax benefit	—		—		—		—		(5		)	(5		)
Interest expense	—		—		—		—		40			40
Acquisition and integration related charges	3		2		—		—		—			5
Restructuring and related charges	2		2		—		—		—			4
Adjusted EBIT	$	46	$	23	$	44	$	52	$	(10	)	$	155
Depreciation and amortization (c)	16		7		3		—		4			30
Adjusted EBITDA	$	62	$	30	$	47	$	52	$	(6	)	$	185

Fiscal 2012 Nine 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)	$	166	$	47	$	59	$	—	$	(229	)	$	43
Pre-acquisition earnings of HHI (b)	—		—		—		130		—			130
Income tax expense	—		—		—		—		39			39
Interest expense	—		—		—		—		150			150
Acquisition and integration related charges	11		3		1		—		5			21
Restructuring and related charges	7		7		1		—		1			16
Adjusted EBIT	$	184	$	57	$	61	$	130	$	(34	)	$	399
Depreciation and amortization (c)	46		20		9		—		16			91
Adjusted EBITDA	$	230	$	77	$	70	$	130	$	(18	)	$	490

 ______________________________

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(a) It is the Company's 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) The Pre-acquisition earnings of HHI do not include the TLM Taiwan business as stand alone financial data is not available for the periods periods presented. The TLM Taiwan business is not deemed material to the Company's operating results.

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

Global Batteries & Appliances

	Fiscal Quarter						Fiscal Nine Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	492		$	501		$	1,626		$	1,670
Segment profit	$	45		$	47		$	182		$	186
Segment profit as a % of net sales	9.1		%	9.4		%	11.2		%	11.1		%
Segment Adjusted EBITDA	$	59		$	62		$	227		$	230
Assets as of June 30, 2013 and September 30, 2012	$	2,214		$	2,243		$	2,214		$	2,243

Segment net sales to external customers in the Fiscal 2013 Quarter decreased $9 million to $492 million from $501 million during the Fiscal 2012 Quarter, a 2% decrease. Global Batteries & Appliances sales declines were attributable to decreases of $4 million in small appliances, $3 million in consumer batteries and $1 million in the electric shaving and grooming product category, coupled with $1 million of negative foreign exchange impacts. In small appliances, North American sales declines of $5 million more than offset gains of $1 million in Latin America. The decrease in North American sales resulted from management initiatives to exit low margin products, driving a nearly $10 million decrease in sales with an overall increase in profitability as a percentage of net sales for the product category, tempered by strong sales to key customers. Gains in Latin America were driven by increased seasonal promotions. The decline in global consumer battery sales on a constant currency basis was driven by the non-recurrence of Fiscal 2012 Quarter promotions and inventory management at key vendors, partially offset by new customer listings and expansion into new channels. Electric shaving and grooming sales decreased $1 million, resulting from a decrease of $4 million in North America, primarily attributable to decreased retail space available for the product category at a major customer coupled with retailer inventory management. These sales decreases were tempered by a $3 million increase in electric shaving and grooming sales in Europe due to successful new product launches and promotions. Electric personal care sales were flat in the Fiscal 2013 Quarter compared to the Fiscal 2012 Quarter.

Segment net sales to external customers in the Fiscal 2013 Nine Months decreased $44 million to $1,626 million from $1,670 million during the Fiscal 2012 Nine Months, a 3% decrease, driven by a $33 million decrease in small appliance sales, a $6 million decrease in electric shaving and grooming sales and $9 million of negative foreign exchange impacts. These declines were partially offset by increases of $3 million and $1 million in electric personal care sales and consumer batteries, respectively. The decline in small appliance sales was predominately driven by North American sales declines of $42 million and sales declines in Latin America of $1 million, partially offset by European sales gains of $10 million. The decrease in North American sales was driven by the same factors discussed above for the Fiscal 2013 Quarter. The sales declines in Latin American small appliance sales were attributable to a reduction in sales to customers who export to Venezuela, tempered by the sales gains discussed above for the Fiscal 2013 Quarter. Gains in European small appliance sales were driven by increased market share in the United Kingdom, regional expansion in Eastern and Western Europe and successful new product lines. The $6 million decrease in electric shaving and grooming sales was attributable to an $11 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. Electric shaving and grooming sales also decreased $1 million in Latin America due to a decrease in sales to customers who export to Venezuela and import restrictions in Argentina, tempered by expansion in Brazil driven by successful new product launches and distribution gains. These sales declines were tempered by sales gains in the electric shaving and grooming category in Europe of $6 million resulting from successful new product launches, promotions and customer gains. Electric personal care sales increased $3 million in the Fiscal 2013 Nine Months compared to the Fiscal 2012 Nine Months, driven by an increase of $6 million in Europe resulting from new customer gains, partially offset by a sales decline of $3 million in Latin America, attributable to the factors discussed above for the Fiscal 2013 Quarter. Global consumer battery sales increased $1 million in the Fiscal 2013 Nine Months compared to the Fiscal 2012 Nine Months, driven by new customer listings, expansion into new channels 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.

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Segment profit in the Fiscal 2013 Quarter decreased to $45 million from $47 million in the Fiscal 2012 Quarter. Segment profitability as a percentage of net sales decreased to 9.1% in the Fiscal 2013 Quarter compared to 9.4% in the Fiscal 2012 Quarter. The decrease in segment profit and profitability as a percent of sales was driven by decreased sales, unfavorable product mix and pricing pressures in the U.S., partially offset by cost improvements.

Segment profit in the Fiscal 2013 Nine Months decreased to $182 million from $186 million in the Fiscal 2012 Nine Months, primarily attributable to unfavorable product mix and pricing pressures in the U.S, coupled with the decrease in sales. Segment profitability as a percentage of net sales increased to 11.2% in the Fiscal 2013 Quarter versus 11.1% in the Fiscal 2012 Nine Months, driven by the exit of low margin products in the small appliances category, which offset the unfavorable mix and pricing pressures in the U.S.

Segment Adjusted EBITDA in the Fiscal 2013 Quarter decreased to $59 million from $62 million in the Fiscal 2012 Quarter while segment Adjusted EBITDA in the Fiscal 2013 Nine Months decreased to $227 million from $230 million in the Fiscal 2012 Nine Months. The decrease in segment Adjusted EBITDA for both periods was driven by the factors discussed above for the decline in segment profit for each respective period.

Segment assets at June 30, 2013 decreased to $2,214 million from $2,243 million at September 30, 2012. The decrease is primarily due to the acquisition of Shaser, more than offset by a changes in working capital. Goodwill and intangible assets, which are a direct result of the revaluation impacts of fresh-start reporting which occurred during the year ended September 30, 2009 ("Fiscal 2009") and acquisitions, increased to $1,319 million at June 30, 2013 from $1,261 million at September 30, 2012, primarily due to the acquisition of Shaser.

Global Pet Supplies

	Fiscal Quarter						Fiscal Nine Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	156		$	157		$	457		$	449
Segment profit	$	27		$	22		$	63		$	58
Segment profit as a % of net sales	17.0		%	14.3		%	13.8		%	12.9		%
Segment Adjusted EBITDA	$	33		$	30		$	84		$	77
Assets as of June 30, 2013 and September 30, 2012	$	959		$	956		$	959		$	956

Segment net sales to external customers in the Fiscal 2013 Quarter decreased $1 million to $156 million compared to $157 million in the Fiscal 2012 Quarter, driven by negative foreign currency impacts of $2 million, partially offset by a $1 million increase in aquatics sales. The increase in aquatics sales resulted from strong aquarium starter kit and systems sales in North America, tempered by lower aquatic nutrition and water care product sales related to outdoor ponds in Europe attributable to a cooler spring. Segment net sales to external customers in the Fiscal 2013 Nine Months increased $8 million to $457 million compared to $449 million in the Fiscal 2012 Nine Months led by increased companion animal sales of $14 million, driven by growth in the Dingo brand, increased litter pan sales in North America and the FURminator acquisition. The increase in companion animal sales was tempered by a $2 million decline in aquatics sales, primarily due to decreased sales for aquatic nutrition and pond water care products in Europe. Foreign currency exchange negatively impacted pet supply sales in the Fiscal 2013 Nine Months by $4 million.

Segment profit increased to $27 million in the Fiscal 2013 Quarter compared to $22 million in the Fiscal 2012 Quarter, and segment profitability as a percentage of sales in the Fiscal 2013 Quarter increased to 17.0% from 14.3% in Fiscal 2012 Quarter, resulting from cost improvements and operating expense reductions, which offset product cost increases.

Segment profit increased $5 million to $63 million in the Fiscal 2013 Nine Months compared to $58 million in the Fiscal 2012 Nine Months. Segment profitability as a percentage of sales in the Fiscal 2013 Nine Months increased to 13.8%, compared to 12.9% in the same period last year. The increase in segment profit and profitability as a percentage of sales was driven by increased sales and the factors discussed above for the Fiscal 2013 Quarter, tempered by increased cost of goods sold during the Fiscal 2013 Nine Months resulting from unfavorable manufacturing variances driven by plant shutdowns during the fourth quarter of Fiscal 2012.

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Segment Adjusted EBITDA in the Fiscal 2013 Quarter increased $3 million, to $33 million, from $30 million in the Fiscal 2012 Quarter. Segment Adjusted EBITDA in the Fiscal 2013 Nine Months increased $7 million, to $84 million from $77 million in the Fiscal 2012 Nine Months. The increase in Adjusted EBITDA was driven by the factors discussed above for segment profit.

Segment assets at June 30, 2013 increased to $959 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 $699 million at June 30, 2013 from $715 million at September 30, 2012.

Home and Garden Business

	Fiscal Quarter						Fiscal Nine Months
	2013			2012			2013			2012
	(in millions)
Net sales to external customers	$	157		$	167		$	289		$	300
Segment profit	$	43		$	44		$	60		$	61
Segment profit as a % of net sales	27.5		%	26.5		%	20.6		%	20.1		%
Segment Adjusted EBITDA	$	46		$	47		$	68		$	70
Assets as of June 30, 2013 and September 30, 2012	$	543		$	508		$	543		$	508

Segment net sales to external customers decreased $10 million, or 6%, during the Fiscal 2013 Quarter, to $157 million, compared to $167 million in the Fiscal 2012 Quarter, resulting from a $15 million decline in household insect control sales, driven by the late arrival of warm weather in Fiscal 2013, which delayed the major selling season for this product category. In household insect control sales, retail orders and July point of sales information appears to point to a strong fourth quarter performance in this category for Fiscal 2013 compared to the prior year. Declines in household insect sales were tempered by a $5 million increase in lawn and garden control sales, as this category began to recover from the late start of the selling season. Segment net sales to external customers decreased $11 million, or 4%, during the Fiscal 2013 Nine Months, to $289 million, compared to $300 million in the Fiscal 2012 Nine Months, resulting from a $10 million decrease in household insect sales coupled with a $1 million decrease in lawn and garden control sales. The decrease in household insect control sales was driven by the factors discussed above for the Fiscal 2013 Quarter, tempered by gains in retail distribution and the Black Flag acquisition. The decline in lawn and garden control sales is attributable to the late arrival of warm weather discussed above, which drove down sales earlier in the year.

Segment profitability in the Fiscal 2013 Quarter declined $1 million, to $43 million, from $44 million in the Fiscal 2012 Quarter driven by the decrease in sales for the Fiscal 2013 Quarter, tempered by strong operating expense management. Segment profitability as a percentage of sales in the Fiscal 2013 Quarter improved to 27.5%, from 26.5% in the same period last year.

Segment profitability in the Fiscal 2013 Nine Months decreased $1 million, to $60 million, from $61 million in the Fiscal 2012 Nine Months. Segment profitability as a percentage of sales in the Fiscal 2013 Nine Months improved to 20.6%, from 20.1% in the Fiscal 2012 Nine Months, attributable to the factors discussed above for the Fiscal 2013 Quarter.

Segment Adjusted EBITDA was $46 million in the Fiscal 2013 Quarter, a decrease of $1 million compared to segment Adjusted EBITDA of $47 million in the Fiscal 2012 Quarter, driven by decreased sales due to the late arrival of warm weather, tempered by cost and operating expense improvements.

Segment Adjusted EBITDA declined $2 million to $68 million in the Fiscal 2013 Nine Months compared to segment Adjusted EBITDA of $70 million in the Fiscal 2012 Nine Months, resulting from the factors discussed above for the Fiscal 2013 Quarter.

Segment assets at June 30, 2013 increased to $543 million from $508 million at September 30, 2012. 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. Goodwill and intangible assets, which are substantially a result of the revaluation impacts of fresh-start reporting during Fiscal 2009 and acquisitions, decreased to $427 million at June 30, 2013, from $433 million at September 30, 2012, driven by amortization of intangible assets.

54

Hardware & Home Improvement

	Fiscal Quarter			Fiscal Nine Months
	2013			2013
	(in millions)
Net sales to external customers	$	285		$	576
Segment profit	$	43		$	46
Segment profit as a % of net sales	15.1		%	8.1		%
Segment Adjusted EBITDA	$	53		$	127
Assets as of June 30, 2013	$	1,787		$	1,787

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 $285 million during the Fiscal 2013 Quarter, an increase of 12.7 percent compared to $253 million as if the HHI Business was combined with Spectrum Brands in the Fiscal 2012 Quarter. The revenue growth was driven by double-digit improvements in the HHI Business' U.S. residential security and plumbing categories. Segment net sales to external customers were $576 million in the Fiscal 2013 Nine Months, or $768 million on a proforma basis compared to pro forma sales of $717 million in the Fiscal 2012 Nine Months, as if the acquisition had occurred at the beginning of both periods. The Fiscal 2013 Nine Months sales growth was driven by the improvements discussed above in the U.S. residential security and plumbing categories for the Fiscal 2013 Quarter.

Segment profit in the Fiscal 2013 Quarter and the Fiscal 2013 Nine Months was $43 million and $46 million, respectively. Segment profitability as a percentage of sales in the Fiscal 2013 Quarter and the Fiscal 2013 Nine Months was 15.1% and 8.1%, respectively. Decreased segment profitability as a percentage of sales in the Fiscal 2013 Nine Months was driven by by a $31 million increase to cost of goods sold due to the sale of inventory which was revalued in connection with the acquisition.

Segment Adjusted EBITDA was $53 million in the Fiscal 2013 Quarter and $127 million in the Fiscal 2013 Nine Months.

Segment assets at June 30, 2013 were $1,787 million. Goodwill and intangible assets were $1,194 million at June 30, 2013.

See Note 14, “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 $20 million in the Fiscal 2013 Quarter compared to $9 million in the Fiscal 2012 Quarter, primarily attributable to a $13 million increase in stock based compensation expense. Corporate expense as a percentage of consolidated net sales for the Fiscal 2013 Quarter increased to 1.9% versus 1.1% for the Fiscal 2012 Quarter, driven by the increase in stock compensation expense discussed above.

Our corporate expense was $45 million in the Fiscal 2013 Nine Months compared to $33 million in the Fiscal 2012 Nine Months. This increase is primarily attributable to a $17 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 Nine Months increased to 1.5% versus 1.4% for the Fiscal 2012 Nine Months, driven by the increase in stock compensation expense discussed above.

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" to our Condensed Consolidated Financial Statements (Unaudited) included in this Quarterly Report on Form 10-Q 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.

55

Interest Expense. Interest expense in the Fiscal 2013 Quarter was $62 million compared to $40 million in the Fiscal 2012 Quarter. The $22 million increase in interest expense in the Fiscal 2013 Quarter is primarily related to an increase of approximately $21 million in interest expense related to additional debt financing incurred in conjunction with the acquisition of the HHI Business.

Interest expense in the Fiscal 2013 Nine Months was $186 million compared to $150 million in the Fiscal 2012 Nine Months. The increase in interest expense in the Fiscal 2013 Nine Months of $36 million is primarily due to $23 million in costs incurred related to the financing of the acquisition of the HHI Business coupled with the corresponding $21 million of quarterly interest expense discussed above, partially offset by the non-recurrence of costs incurred in connection with the replacement of our 12% Notes, savings related to the refinancing of the 12% Notes and lower other debt. 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 rates for the Fiscal 2013 Quarter and the Fiscal 2013 Nine Months were 29% and 125%, respectively. Our effective tax rates for the Fiscal 2012 Quarter and the Fiscal 2012 Nine Months were (10)% and 47%, 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 Nine 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 Nine 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 Nine 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 Nine 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 Nine Months. 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 Nine 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 June 30, 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

56

For the Fiscal 2013 Nine Months, cash used by operating activities totaled $76 million compared to cash used of $68 million during the Fiscal 2012 Nine Months. The $8 million increase in cash used by operating activities was primarily due to:

• A $47 million use of cash for working capital and other items driven by an increase in accounts receivable, decrease in accrued payroll and a net increase from changes in other assets and liabilities, partially offset by a decrease in inventory;

• Higher cash payments for interest of $48 million driven by the financing of the HHI Business acquisition;

• Higher cash payments for acquisition and integration activities of $18 million; and

• Higher cash payments for income taxes of $5 million related to the HHI Business acquisition;

These cash uses were partially offset by

• Higher Adjusted EBITDA of $102 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 June 30, 2013, there are no significant foreign cash balances available for repatriation. For the remainder of Fiscal 2013, we expect to generate between $20 million and $25 million of foreign cash that we expect 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 $1,446 million for the Fiscal 2013 Nine Months compared to $218 million for the Fiscal 2012 Nine Months. The $1,228 million increase in cash used by investing activities in the Fiscal 2013 Nine Months is driven by an increase in cash used for acquisitions of $1,217 million, which related to the $1,351 million purchase, net of cash acquired, of the HHI Business, and the $49 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 Nine Months. The remaining $11 million increase in cash used by investing activities resulted from a $12 million increase in capital expenditures, tempered by a slight decrease in other investing activities.

Financing Activities

Debt Financing

At June 30, 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 June 30, 2013, the aggregate amount of principal outstanding under our debt instruments was as follows: (i) $757 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) $70 million under the ABL Facility, expiring May 24, 2017.

At June 30, 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").

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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.

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 $218 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 June 30, 2013, this also includes interest under our Term Loan and ABL Facility of approximately $35 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 is 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 Nine Months, we granted 644 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 $29 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

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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 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 June 30, 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 and brass 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 June 30, 2013, there were no outstanding interest rate derivative instruments.

At June 30, 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 $32 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 $19 million.

At June 30, 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 a gain of $1 million.

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.

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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 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.

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Item 6. Exhibits

Please refer to the Exhibit Index.

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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: August 8, 2013

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

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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 18.1	Preferability Letter from Independent Registered Public Accounting Firm Regarding Change in Accounting Principle. *
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.”

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EX-18.1

Exhibit 18.1

July 31, 2013

Spectrum Brands, Inc.

Madison, Wisconsin

Ladies and Gentlemen:

We have been furnished with a copy of the quarterly report on Form 10-Q of Spectrum Brands, Inc. (the “Company”) for the three and nine months ended June 30, 2013, and have read the Company's statements contained in Note 2 to the condensed consolidated financial statements included therein. As stated in Note 2, the Company changed its method of presenting tax withholdings for share-based payment awards paid to a taxing authority on behalf of an employee from an operating activity to a financing activity within its statements of cash flows, and states that the newly adopted accounting principle is preferable in the circumstances because the predominant characteristic of such transaction is a financing activity. In accordance with your request, we have reviewed and discussed with Company officials the circumstances and business judgment and planning upon which the decision to make this change in the method of accounting was based.

We have not audited any financial statements of the Company as of any date or for any period subsequent to September 30, 2012, nor have we audited the information set forth in the aforementioned Note 2 to the condensed consolidated financial statements; accordingly, we do not express an opinion concerning the factual information contained therein.

With regard to the aforementioned accounting change, authoritative criteria have not been established for evaluating the preferability of one acceptable method of accounting over another acceptable method. However, for purposes of the Company's compliance with the requirements of the Securities and Exchange Commission, we are furnishing this letter.

Based on our review and discussion, with reliance on management's business judgment and planning, we concur that the newly adopted method of accounting is preferable in the Company's circumstances.

Very truly yours,

/s/ KPMG LLP

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: August 8, 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: August 8, 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 June 30, 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:	August 8, 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 June 30, 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:	August 8, 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

Fair Value Of Financial Instruments

9 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Of Financial Instruments

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s net derivative portfolio as of June 30, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of June 30, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Foreign exchange contracts, net	$	—	$	1,301		$	—	$	1,301
Total Assets, net	$	—	$	1,301		$	—	$	1,301
Liabilities:
Commodity contracts, net	$	—	$	(1,413	)	$	—	$	(1,413	)
Total Liabilities, net	$	—	$	(1,413	)	$	—	$	(1,413	)

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):

	June 30, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,226,054	)	$	(3,395,679	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(1,413		)	(1,413		)	1,993			1,993
Foreign exchange forward agreements	1,301			1,301			(8,721		)	(8,721		)

XML

Derivative Financial Instruments Income and AOCI Effects (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$ 3,193	$ 3,210	$ 4,595	$ 391
Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	507	309	80	(3,214)
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	11	(6)	(71)	8
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	280	7,941	(2,031)	11,734
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion	(930)	(2,368)	(3,361)	(1,989)
Commodity Contract [Member] | Cost of Goods, Total [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	(321)	(120)	(223)	(675)
Derivative Instruments, Loss Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing		(6)	(71)
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	11			8
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain Recognized in Other Comprehensive Income (Loss), Effective Portion				15
Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion				(864)
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing				0
Foreign Exchange Contract [Member] | Cost of Goods, Total [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion			(350)	(1,336)
Derivative Instruments, Loss Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing		0	0
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	0			0
Derivative Instruments, Gain Recognized in Other Comprehensive Income (Loss), Effective Portion	4,034	5,973	7,201	2,426
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	515	558
Foreign Exchange Contract [Member] | Sales Revenue, Goods, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Recognized in Other Comprehensive Income (Loss), Effective Portion		(395)		(61)
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion		(129)		(339)
Derivative Instruments, Loss Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing		0	0
Derivative Instruments, Gain Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing	0			0
Derivative Instruments, Gain Recognized in Other Comprehensive Income (Loss), Effective Portion	89		755
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	313		653
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	$ 477	$ 7,941	$ (1,834)	$ 11,734

XML

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Cash flows from operating activities:
Net (loss) income	$ (10,853)	$ 43,570
Adjustments to reconcile net (loss) income to net cash used by operating activities, net of effects of acquisitions:
Depreciation	42,618	28,708
Amortization of intangibles	57,502	46,550
Amortization of unearned restricted stock compensation	31,830	15,436
Amortization of debt issuance costs	7,210	5,273
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	2,945
Other non-cash adjustments	19,518	3,021
Net changes in assets and liabilities	(260,148)	(212,965)
Net cash used by operating activities	(75,838)	(67,928)
Cash flows from investing activities:
Purchases of property, plant and equipment	(45,236)	(33,117)
Other investing activities	(1,141)	(1,627)
Net cash used by investing activities	(1,439,895)	(217,884)
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	(406,904)	(4,091)
Debt issuance costs	(44,469)	(11,163)
Other debt financing, net	17,080	6,192
Reduction of other debt	(1,970)	(27,992)
ABL revolving credit facility, net	69,500	2,500
Capital contribution from parent	28,562	0
Cash dividends paid to parent	(61,842)	0
Payments Related to Tax Withholding for Share-based Compensation	(20,141)	(3,936)
Proceeds from (Payments for) Other Financing Activities	0	(953)
Net cash provided by financing activities	1,461,816	207,126
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(1,870)	0
Effect of exchange rate changes on cash and cash equivalents	(3,181)	(1,429)
Net decrease in cash and cash equivalents	(58,968)	(80,115)
Cash and cash equivalents, beginning of period	157,872	142,414
Cash and cash equivalents, end of period	98,904	62,299
Shaser, Inc. [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	42,510	0
HHI Business [Member]
Cash flows from investing activities:
Acquisition, net of cash acquired	1,351,008	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	(12,906)
Notes 6.625% due 2022 [Member]
Cash flows from financing activities:
Proceeds from issuance of 6.375% Notes	570,000	0
Debt issuance costs	$ (14,127)

XML

Description Of Business

9 Months Ended

Jun. 30, 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.”

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Condensed Consolidating Financial Statements (Notes)

9 Months Ended

Jun. 30, 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

June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	682		$	2,732		$	95,490		$	—		$	98,904
Receivables:
Trade accounts receivables, net of allowances	41,796			106,106			331,405			—			479,307
Intercompany receivables	220,219			904,187			(190,895		)	(930,162		)	3,349
Other	2,210			12,909			56,475			—			71,594
Inventories	103,035			183,363			429,895			(8,953		)	707,340
Deferred income taxes	(5,697		)	23,257			1,414			2,278			21,252
Prepaid expenses and other	19,138			8,705			113,353			(71,396		)	69,800
Total current assets	381,383			1,241,259			837,137			(1,008,233		)	1,451,546
Property, plant and equipment, net	68,111			46,562			240,577			—			355,250
Long-term intercompany receivables	108,626			132,430			40,220			(281,276		)	—
Deferred charges and other	6,353			2,011			14,025			—			22,389
Goodwill	67,722			440,043			962,415			—			1,470,180
Intangible assets, net	507,135			746,714			915,555			—			2,169,404
Debt issuance costs	70,064			—			1,839			—			71,903
Investments in subsidiaries	3,979,462			2,412,934			445			(6,392,841		)	—
Total assets	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	6,786		$	1,346		$	32,651		$	—		$	40,783
Accounts payable	66,577			80,464			280,498			—			427,539
Intercompany accounts payable	920,146			309,386			124,341			(1,353,873		)	—
Accrued liabilities:
Wages and benefits	3,941			8,065			51,617			—			63,623
Income taxes payable	44			97			29,445			—			29,586
Accrued interest	25,983			—			923			—			26,906
Other	21,772			33,447			100,191			—			155,410
Total current liabilities	1,045,249			432,805			619,666			(1,353,873		)	743,847
Long-term debt, net of current maturities	3,073,415			2,554			109,302			—			3,185,271
Intercompany long-term debt	—			349,173			(421,709		)	72,536			—
Employee benefit obligations, net of current portion	33,016			—			76,324			—			109,340
Deferred income taxes	42,598			256,898			203,958			—			503,454
Other	12,045			1,062			11,738			—			24,845
Total liabilities	4,206,323			1,042,492			599,279			(1,281,337		)	4,566,757
Shareholders’ equity:
Other capital	1,394,424			3,181,285			2,218,803			(5,408,706		)	1,385,806
Accumulated (deficit) retained earnings	(406,513		)	780,417			172,322			(952,739		)	(406,513		)
Accumulated other comprehensive loss	(56,310		)	(39,365		)	(35,315		)	74,680			(56,310		)
Total shareholders’ equity	931,601			3,922,337			2,355,810			(6,286,765		)	922,983
Non-controlling interest	50,932			57,124			57,124			(114,248		)	50,932
Total equity	982,533			3,979,461			2,412,934			(6,401,013		)	973,915
Total liabilities and shareholders’ equity	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672

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 June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	138,746		$	344,883		$	870,895	$	(264,699	)	$	1,089,825
Cost of goods sold	103,974			226,763			638,178		(262,862		)	706,053
Restructuring and related charges	—			275			738		—			1,013
Gross profit	34,772			117,845			231,979		(1,837		)	382,759
Operating expenses:
Selling	17,018			37,834			110,585		(259		)	165,178
General and administrative	16,446			20,108			33,503		—			70,057
Research and development	4,806			2,490			4,190		—			11,486
Acquisition and integration related charges	5,294			967			1,486		—			7,747
Restructuring and related charges	3,415			2,856			5,961		—			12,232
Total operating expense	46,979			64,255			155,725		(259		)	266,700
Operating income	(12,207		)	53,590			76,254		(1,578		)	116,059
Interest expense	55,686			980			4,847		3			61,516
Other (income) expense, net	(87,536		)	(54,320		)	2,714		141,755			2,613
(Loss) income from continuing operations before income taxes	19,643			106,930			68,693		(143,336		)	51,930
Income tax expense	(17,118		)	16,666			15,637		(16		)	15,169
Net (loss) income	36,761			90,264			53,056		(143,320		)	36,761
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	36,498		$	90,001		$	52,793	$	(142,794	)	$	36,498

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	36,761		$	90,264		$	53,056		$	(143,320	)	$	36,761
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(7,830		)	(7,834		)	(8,113		)	15,947			(7,830		)
Unrealized gain on derivative instruments	1,780			1,926			1,926			(3,852		)	1,780
Defined benefit pension loss	(52		)	(52		)	(52		)	104			(52		)
Other comprehensive (loss) income	(6,102		)	(5,960		)	(6,239		)	12,199			(6,102		)
Comprehensive (loss) income	30,659			84,304			46,817			(131,121		)	30,659
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	30,396			84,041			46,554			(130,595		)	30,396

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	149,130		$	357,363		$	433,024	$	(114,714	)	$	824,803
Cost of goods sold	109,719			239,647			296,558		(114,855		)	531,069
Restructuring and related charges	—			804			1,234		—			2,038
Gross profit	39,411			116,912			135,232		141			291,696
Operating expenses:
Selling	18,348			40,096			71,552		(145		)	129,851
General and administrative	5,131			21,435			23,532		628			50,726
Research and development	5,000			2,713			884		—			8,597
Acquisition and integration related charges	1,055			3,003			1,216		—			5,274
Restructuring and related charges	140			659			1,059		—			1,858
	29,674			67,906			98,243		483			196,306
Operating (loss) income	9,737			49,006			36,989		(342		)	95,390
Interest expense	35,204			1,401			3,078		3			39,686
Other (income) expense, net	(66,677		)	(16,711		)	2,035		83,577			2,224
(Loss) income from continuing operations before income taxes	41,210			64,316			31,876		(83,922		)	53,480
Income tax (benefit) expense	(17,641		)	5,814			6,333		123			(5,371		)
Net (loss) income	$	58,851		$	58,502		$	25,543	$	(84,045	)	$	58,851

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	58,851		$	58,502		$	25,543		$	(84,045	)	$	58,851
Other comprehensive income, net of tax:
Foreign currency translation	(34,147		)	(34,357		)	(35,088		)	69,444			(34,148		)
Unrealized loss on derivative instruments	1,474			2,714			2,715			(5,428		)	1,475
Defined benefit pension gain (loss)	422			422			422			(844		)	422
Other comprehensive income	(32,251		)	(31,221		)	(31,951		)	63,172			(32,251		)
Comprehensive (loss) income	26,600			27,281			(6,408		)	(20,873		)	26,600

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	466,600		$	868,542		$	2,256,031	$	(643,324	)	$	2,947,849
Cost of goods sold	340,769			590,325			1,656,965		(638,727		)	1,949,332
Restructuring and related charges	—			1,854			2,844		—			4,698
Gross profit	125,831			276,363			596,222		(4,597		)	993,819
Operating expenses:
Selling	56,222			107,418			302,037		(716		)	464,961
General and administrative	51,182			56,660			88,216		19			196,077
Research and development	13,330			7,424			10,763		—			31,517
Acquisition and integration related charges	32,099			3,631			4,828		—			40,558
Restructuring and related charges	3,877			9,195			9,966		—			23,038
	156,710			184,328			415,810		(697		)	756,151
Operating (loss) income	(30,879		)	92,035			180,412		(3,900		)	237,668
Interest expense	168,808			3,132			13,705		7			185,652
Other (income) expense, net	(170,869		)	(121,518		)	7,531		292,797			7,941
(Loss) income from continuing operations before income taxes	(28,818		)	210,421			159,176		(296,704		)	44,075
Income tax (benefit) expense	(17,965		)	35,106			38,419		(632		)	54,928
Net (loss) income	(10,853		)	175,315			120,757		(296,072		)	(10,853		)
Less: Net loss attributable to non-controlling interest	8			8			8		(16		)	8
Net (loss) income attributable to controlling interest	$	(10,861	)	$	175,307		$	120,749	$	(296,056	)	$	(10,861	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(10,853	)	$	175,315		$	120,757		$	(296,072	)	$	(10,853	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(25,385		)	(25,457		)	(25,817		)	51,274			(25,385		)
Unrealized gain on derivative instruments	2,858			4,209			4,209			(8,418		)	2,858
Defined benefit pension loss	(348		)	(347		)	(347		)	694			(348		)
Other comprehensive (loss) income	(22,875		)	(21,595		)	(21,955		)	43,550			(22,875		)
Comprehensive (loss) income	(33,728		)	153,720			98,802			(252,522		)	(33,728		)
Less: Comprehensive loss attributable to non-controlling interest	8			8			8			(16		)	8
Comprehensive (loss) income attributable to controlling interest	(33,736		)	153,712			98,794			(252,506		)	(33,736		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	489,068		$	915,117		$	1,411,931	$	(396,257	)	$	2,419,859
Cost of goods sold	354,725			638,757			977,269		(394,948		)	1,575,803
Restructuring and related charges	—			3,595			4,708		—			8,303
Gross profit	134,343			272,765			429,954		(1,309		)	835,753
Operating expenses:
Selling	56,103			115,730			220,385		(696		)	391,522
General and administrative	36,322			58,881			60,550		1,740			157,493
Research and development	13,600			7,412			2,778		—			23,790
Acquisition and integration related charges	7,364			8,931			4,330		—			20,625
Restructuring and related charges	1,596			3,819			2,172		—			7,587
	114,985			194,773			290,215		1,044			601,017
Operating income	19,358			77,992			139,739		(2,353		)	234,736
Interest expense	136,257			3,760			10,150		2			150,169
Other (income) expense, net	(150,859		)	(86,912		)	3,153		236,843			2,225
(Loss) income from continuing operations before income taxes	33,960			161,144			126,436		(239,198		)	82,342
Income tax expense	(9,610		)	21,735			26,690		(43		)	38,772
Net (loss) income	$	43,570		$	139,409		$	99,746	$	(239,155	)	$	43,570

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	43,570		$	139,409		$	99,746		$	(239,155	)	$	43,570
Other comprehensive income, net of tax:
Foreign currency translation	(30,538		)	(30,462		)	(30,415		)	60,877			(30,538		)
Unrealized gain (loss) on derivative instruments	2,370			2,211			2,211			(4,422		)	2,370
Defined benefit pension gain	924			5,261			645			(5,906		)	924
Other comprehensive income	(27,244		)	(22,990		)	(27,559		)	50,549			(27,244		)
Comprehensive (loss) income	16,326			116,419			72,187			(188,606		)	16,326

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(230,744	)	$	41,163		$	672,999		$	(559,256	)	$	(75,838	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,857		)	(5,958		)	(24,421		)	—			(45,236		)
Acquisition of Shaser, net of cash acquired	—			—			(42,510		)	—			(42,510		)
Acquisition of the HHI Business, net of cash acquired	—			(1,351,008		)	—			—			(1,351,008		)
Other investing activities	73			(1,289		)	75			—			(1,141		)
Net cash used by investing activities	(14,784		)	(1,358,255		)	(66,856		)	—			(1,439,895		)
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	(406,904		)	—			—			—			(406,904		)
Debt issuance costs	(42,333		)	—			(2,136		)	—			(44,469		)
Other debt financing, net	—			—			17,080			—			17,080
Reduction of other debt	—			—			(1,970		)	—			(1,970		)
ABL revolving credit facility, net	69,500			—			—			—			69,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(61,842		)	—			—			—			(61,842		)
Share based award tax withholding payments	(20,141		)	—			—			—			(20,141		)
Advances related to intercompany transactions	(1,117,361		)	1,306,522			(748,417		)	559,256			—
Net cash provided (used) by financing activities	239,481			1,306,522			(643,443		)	559,256			1,461,816
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,870		)	—			(1,870		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,181		)	—			(3,181		)
Net (decrease) increase in cash and cash equivalents	(6,047		)	(10,570		)	(42,351		)	—			(58,968		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	682		$	2,732		$	95,490		$	—		$	98,904

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(46,049		)	188,635			125,730			(336,244		)	(67,928		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,321		)	(9,719		)	(9,077		)	—			(33,117		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	135			(92		)	(1,670		)	—			(1,627		)
Net cash used by investing activities	(14,186		)	(192,951		)	(10,747		)	—			(217,884		)
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	(4,091		)	—			—			—			(4,091		)
Debt issuance costs	(11,163		)	—			—			—			(11,163		)
Other debt financing, net	—			—			6,192			—			6,192
Reduction of other debt	(25,000		)	—			(2,992		)	—			(27,992		)
ABL revolving credit facility, net	2,500			—			—			—			2,500
Share based award tax withholding payments	(3,936		)	—			—			—			(3,936		)
Other financing activities	—			(953		)	—			—			(953		)
Proceeds from (advances related to) intercompany transactions	(144,229		)	(1,360		)	(190,655		)	336,244			—
Net cash provided (used) by financing activities	60,650			(2,313		)	(187,455		)	336,244			207,126
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,429		)	—			(1,429		)
Net (decrease) increase in cash and cash equivalents	415			(6,629		)	(73,901		)	—			(80,115		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,160		$	59,675		$	—		$	62,299

XML

Employee Benefit Plans Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 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	$ 2,851	$ 545	$ 5,665	$ 1,694
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	867	578	2,416	1,700
Interest cost	2,498	2,552	7,326	7,030
Expected return on assets	(2,196)	(2,051)	(6,589)	(5,378)
Recognized net actuarial loss	519	242	1,557	508
Employee contributions	(46)	(46)	(137)	(139)
Net periodic benefit cost	1,642	1,275	4,573	3,721
Contributions made during period	$ 1,188	$ 1,289	$ 2,890	$ 3,767

XML

Employee Benefit Plans

9 Months Ended

Jun. 30, 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, Mexico and Taiwan. These pension plans generally provide benefits of stated amounts for each year of service.

The Company’s results of operations for the three and nine month periods ended June 30, 2013 and July 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Nine Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	867		$	578		$	2,416		$	1,700
Interest cost	2,498			2,552			7,326			7,030
Expected return on assets	(2,196		)	(2,051		)	(6,589		)	(5,378		)
Recognized net actuarial loss	519			242			1,557			508
Employee contributions	(46		)	(46		)	(137		)	(139		)
Net periodic benefit cost	$	1,642		$	1,275		$	4,573		$	3,721

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 nine month periods ended June 30, 2013 and July 1, 2012 were as follows:

	Three Months Ended				Nine Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,188	$	1,289	$	2,890	$	3,767

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 nine month periods ended June 30, 2013 were $2,851 and $5,665, respectively. Company contributions charged to operations, including discretionary amounts, for the three and nine month periods ended July 1, 2012 were $545 and $1,694, respectively.

XML

Goodwill And Intangible Assets Schedule of Goodwill (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2013	Sep. 30, 2012
Goodwill [Line Items]
Goodwill	$ 1,470,180	$ 694,245
Additions	787,687
Effect of translation	(11,752)
Global Pet Supplies [Member]
Goodwill [Line Items]
Goodwill	237,429	237,932
Additions	0
Effect of translation	(503)
Home and Garden Business [Member]
Goodwill [Line Items]
Goodwill	188,936	187,757
Additions	1,179
Effect of translation	0
Global Batteries & Appliances [Member]
Goodwill [Line Items]
Goodwill	328,742	268,556
Additions	65,618
Effect of translation	(5,432)
Hardware & Home Improvement [Member]
Goodwill [Line Items]
Goodwill	715,073	0
Additions	720,890
Effect of translation	$ (5,817)

XML

Income Taxes Disclosures (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	29.00%	(10.00%)	125.00%	47.00%
Valuation Allowance, Deferred Tax Asset, Change in Amount			$ 49,291	$ 13,915
Unrecognized Tax Benefits	8,968		8,968		5,877
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 3,787		$ 3,787		$ 3,564

XML

Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Jun. 30, 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

June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	682		$	2,732		$	95,490		$	—		$	98,904
Receivables:
Trade accounts receivables, net of allowances	41,796			106,106			331,405			—			479,307
Intercompany receivables	220,219			904,187			(190,895		)	(930,162		)	3,349
Other	2,210			12,909			56,475			—			71,594
Inventories	103,035			183,363			429,895			(8,953		)	707,340
Deferred income taxes	(5,697		)	23,257			1,414			2,278			21,252
Prepaid expenses and other	19,138			8,705			113,353			(71,396		)	69,800
Total current assets	381,383			1,241,259			837,137			(1,008,233		)	1,451,546
Property, plant and equipment, net	68,111			46,562			240,577			—			355,250
Long-term intercompany receivables	108,626			132,430			40,220			(281,276		)	—
Deferred charges and other	6,353			2,011			14,025			—			22,389
Goodwill	67,722			440,043			962,415			—			1,470,180
Intangible assets, net	507,135			746,714			915,555			—			2,169,404
Debt issuance costs	70,064			—			1,839			—			71,903
Investments in subsidiaries	3,979,462			2,412,934			445			(6,392,841		)	—
Total assets	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	6,786		$	1,346		$	32,651		$	—		$	40,783
Accounts payable	66,577			80,464			280,498			—			427,539
Intercompany accounts payable	920,146			309,386			124,341			(1,353,873		)	—
Accrued liabilities:
Wages and benefits	3,941			8,065			51,617			—			63,623
Income taxes payable	44			97			29,445			—			29,586
Accrued interest	25,983			—			923			—			26,906
Other	21,772			33,447			100,191			—			155,410
Total current liabilities	1,045,249			432,805			619,666			(1,353,873		)	743,847
Long-term debt, net of current maturities	3,073,415			2,554			109,302			—			3,185,271
Intercompany long-term debt	—			349,173			(421,709		)	72,536			—
Employee benefit obligations, net of current portion	33,016			—			76,324			—			109,340
Deferred income taxes	42,598			256,898			203,958			—			503,454
Other	12,045			1,062			11,738			—			24,845
Total liabilities	4,206,323			1,042,492			599,279			(1,281,337		)	4,566,757
Shareholders’ equity:
Other capital	1,394,424			3,181,285			2,218,803			(5,408,706		)	1,385,806
Accumulated (deficit) retained earnings	(406,513		)	780,417			172,322			(952,739		)	(406,513		)
Accumulated other comprehensive loss	(56,310		)	(39,365		)	(35,315		)	74,680			(56,310		)
Total shareholders’ equity	931,601			3,922,337			2,355,810			(6,286,765		)	922,983
Non-controlling interest	50,932			57,124			57,124			(114,248		)	50,932
Total equity	982,533			3,979,461			2,412,934			(6,401,013		)	973,915
Total liabilities and shareholders’ equity	$	5,188,856		$	5,021,953		$	3,012,213		$	(7,682,350	)	$	5,540,672

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 June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	138,746		$	344,883		$	870,895	$	(264,699	)	$	1,089,825
Cost of goods sold	103,974			226,763			638,178		(262,862		)	706,053
Restructuring and related charges	—			275			738		—			1,013
Gross profit	34,772			117,845			231,979		(1,837		)	382,759
Operating expenses:
Selling	17,018			37,834			110,585		(259		)	165,178
General and administrative	16,446			20,108			33,503		—			70,057
Research and development	4,806			2,490			4,190		—			11,486
Acquisition and integration related charges	5,294			967			1,486		—			7,747
Restructuring and related charges	3,415			2,856			5,961		—			12,232
Total operating expense	46,979			64,255			155,725		(259		)	266,700
Operating income	(12,207		)	53,590			76,254		(1,578		)	116,059
Interest expense	55,686			980			4,847		3			61,516
Other (income) expense, net	(87,536		)	(54,320		)	2,714		141,755			2,613
(Loss) income from continuing operations before income taxes	19,643			106,930			68,693		(143,336		)	51,930
Income tax expense	(17,118		)	16,666			15,637		(16		)	15,169
Net (loss) income	36,761			90,264			53,056		(143,320		)	36,761
Less: Net income attributable to non-controlling interest	263			263			263		(526		)	263
Net (loss) income attributable to controlling interest	$	36,498		$	90,001		$	52,793	$	(142,794	)	$	36,498

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	36,761		$	90,264		$	53,056		$	(143,320	)	$	36,761
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(7,830		)	(7,834		)	(8,113		)	15,947			(7,830		)
Unrealized gain on derivative instruments	1,780			1,926			1,926			(3,852		)	1,780
Defined benefit pension loss	(52		)	(52		)	(52		)	104			(52		)
Other comprehensive (loss) income	(6,102		)	(5,960		)	(6,239		)	12,199			(6,102		)
Comprehensive (loss) income	30,659			84,304			46,817			(131,121		)	30,659
Less: Comprehensive income attributable to non-controlling interest	263			263			263			(526		)	263
Comprehensive (loss) income attributable to controlling interest	30,396			84,041			46,554			(130,595		)	30,396

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	149,130		$	357,363		$	433,024	$	(114,714	)	$	824,803
Cost of goods sold	109,719			239,647			296,558		(114,855		)	531,069
Restructuring and related charges	—			804			1,234		—			2,038
Gross profit	39,411			116,912			135,232		141			291,696
Operating expenses:
Selling	18,348			40,096			71,552		(145		)	129,851
General and administrative	5,131			21,435			23,532		628			50,726
Research and development	5,000			2,713			884		—			8,597
Acquisition and integration related charges	1,055			3,003			1,216		—			5,274
Restructuring and related charges	140			659			1,059		—			1,858
	29,674			67,906			98,243		483			196,306
Operating (loss) income	9,737			49,006			36,989		(342		)	95,390
Interest expense	35,204			1,401			3,078		3			39,686
Other (income) expense, net	(66,677		)	(16,711		)	2,035		83,577			2,224
(Loss) income from continuing operations before income taxes	41,210			64,316			31,876		(83,922		)	53,480
Income tax (benefit) expense	(17,641		)	5,814			6,333		123			(5,371		)
Net (loss) income	$	58,851		$	58,502		$	25,543	$	(84,045	)	$	58,851

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Three Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	58,851		$	58,502		$	25,543		$	(84,045	)	$	58,851
Other comprehensive income, net of tax:
Foreign currency translation	(34,147		)	(34,357		)	(35,088		)	69,444			(34,148		)
Unrealized loss on derivative instruments	1,474			2,714			2,715			(5,428		)	1,475
Defined benefit pension gain (loss)	422			422			422			(844		)	422
Other comprehensive income	(32,251		)	(31,221		)	(31,951		)	63,172			(32,251		)
Comprehensive (loss) income	26,600			27,281			(6,408		)	(20,873		)	26,600

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	466,600		$	868,542		$	2,256,031	$	(643,324	)	$	2,947,849
Cost of goods sold	340,769			590,325			1,656,965		(638,727		)	1,949,332
Restructuring and related charges	—			1,854			2,844		—			4,698
Gross profit	125,831			276,363			596,222		(4,597		)	993,819
Operating expenses:
Selling	56,222			107,418			302,037		(716		)	464,961
General and administrative	51,182			56,660			88,216		19			196,077
Research and development	13,330			7,424			10,763		—			31,517
Acquisition and integration related charges	32,099			3,631			4,828		—			40,558
Restructuring and related charges	3,877			9,195			9,966		—			23,038
	156,710			184,328			415,810		(697		)	756,151
Operating (loss) income	(30,879		)	92,035			180,412		(3,900		)	237,668
Interest expense	168,808			3,132			13,705		7			185,652
Other (income) expense, net	(170,869		)	(121,518		)	7,531		292,797			7,941
(Loss) income from continuing operations before income taxes	(28,818		)	210,421			159,176		(296,704		)	44,075
Income tax (benefit) expense	(17,965		)	35,106			38,419		(632		)	54,928
Net (loss) income	(10,853		)	175,315			120,757		(296,072		)	(10,853		)
Less: Net loss attributable to non-controlling interest	8			8			8		(16		)	8
Net (loss) income attributable to controlling interest	$	(10,861	)	$	175,307		$	120,749	$	(296,056	)	$	(10,861	)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	(10,853	)	$	175,315		$	120,757		$	(296,072	)	$	(10,853	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation	(25,385		)	(25,457		)	(25,817		)	51,274			(25,385		)
Unrealized gain on derivative instruments	2,858			4,209			4,209			(8,418		)	2,858
Defined benefit pension loss	(348		)	(347		)	(347		)	694			(348		)
Other comprehensive (loss) income	(22,875		)	(21,595		)	(21,955		)	43,550			(22,875		)
Comprehensive (loss) income	(33,728		)	153,720			98,802			(252,522		)	(33,728		)
Less: Comprehensive loss attributable to non-controlling interest	8			8			8			(16		)	8
Comprehensive (loss) income attributable to controlling interest	(33,736		)	153,712			98,794			(252,506		)	(33,736		)

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Operations

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
Net sales	$	489,068		$	915,117		$	1,411,931	$	(396,257	)	$	2,419,859
Cost of goods sold	354,725			638,757			977,269		(394,948		)	1,575,803
Restructuring and related charges	—			3,595			4,708		—			8,303
Gross profit	134,343			272,765			429,954		(1,309		)	835,753
Operating expenses:
Selling	56,103			115,730			220,385		(696		)	391,522
General and administrative	36,322			58,881			60,550		1,740			157,493
Research and development	13,600			7,412			2,778		—			23,790
Acquisition and integration related charges	7,364			8,931			4,330		—			20,625
Restructuring and related charges	1,596			3,819			2,172		—			7,587
	114,985			194,773			290,215		1,044			601,017
Operating income	19,358			77,992			139,739		(2,353		)	234,736
Interest expense	136,257			3,760			10,150		2			150,169
Other (income) expense, net	(150,859		)	(86,912		)	3,153		236,843			2,225
(Loss) income from continuing operations before income taxes	33,960			161,144			126,436		(239,198		)	82,342
Income tax expense	(9,610		)	21,735			26,690		(43		)	38,772
Net (loss) income	$	43,570		$	139,409		$	99,746	$	(239,155	)	$	43,570

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Comprehensive Income

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net (loss) income	$	43,570		$	139,409		$	99,746		$	(239,155	)	$	43,570
Other comprehensive income, net of tax:
Foreign currency translation	(30,538		)	(30,462		)	(30,415		)	60,877			(30,538		)
Unrealized gain (loss) on derivative instruments	2,370			2,211			2,211			(4,422		)	2,370
Defined benefit pension gain	924			5,261			645			(5,906		)	924
Other comprehensive income	(27,244		)	(22,990		)	(27,559		)	50,549			(27,244		)
Comprehensive (loss) income	16,326			116,419			72,187			(188,606		)	16,326

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended June 30, 2013

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	$	(230,744	)	$	41,163		$	672,999		$	(559,256	)	$	(75,838	)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,857		)	(5,958		)	(24,421		)	—			(45,236		)
Acquisition of Shaser, net of cash acquired	—			—			(42,510		)	—			(42,510		)
Acquisition of the HHI Business, net of cash acquired	—			(1,351,008		)	—			—			(1,351,008		)
Other investing activities	73			(1,289		)	75			—			(1,141		)
Net cash used by investing activities	(14,784		)	(1,358,255		)	(66,856		)	—			(1,439,895		)
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	(406,904		)	—			—			—			(406,904		)
Debt issuance costs	(42,333		)	—			(2,136		)	—			(44,469		)
Other debt financing, net	—			—			17,080			—			17,080
Reduction of other debt	—			—			(1,970		)	—			(1,970		)
ABL revolving credit facility, net	69,500			—			—			—			69,500
Capital contribution from parent	28,562			—			—			—			28,562
Cash dividends paid to parent	(61,842		)	—			—			—			(61,842		)
Share based award tax withholding payments	(20,141		)	—			—			—			(20,141		)
Advances related to intercompany transactions	(1,117,361		)	1,306,522			(748,417		)	559,256			—
Net cash provided (used) by financing activities	239,481			1,306,522			(643,443		)	559,256			1,461,816
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	—			—			(1,870		)	—			(1,870		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,181		)	—			(3,181		)
Net (decrease) increase in cash and cash equivalents	(6,047		)	(10,570		)	(42,351		)	—			(58,968		)
Cash and cash equivalents, beginning of period	6,729			13,302			137,841			—			157,872
Cash and cash equivalents, end of period	$	682		$	2,732		$	95,490		$	—		$	98,904

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

Condensed Consolidating Statement of Cash Flows

Nine Month Period Ended July 1, 2012

(Unaudited)

(Amounts in thousands)

	Parent			Guarantor Subsidiaries			Nonguarantor  Subsidiaries			Eliminations			Consolidated  Total
Net cash (used) provided by operating activities	(46,049		)	188,635			125,730			(336,244		)	(67,928		)
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,321		)	(9,719		)	(9,077		)	—			(33,117		)
Acquisition of Black Flag	—			(43,750		)	—			—			(43,750		)
Acquisition of FURminator, net of cash	—			(139,390		)	—			—			(139,390		)
Other investing activities	135			(92		)	(1,670		)	—			(1,627		)
Net cash used by investing activities	(14,186		)	(192,951		)	(10,747		)	—			(217,884		)
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	(4,091		)	—			—			—			(4,091		)
Debt issuance costs	(11,163		)	—			—			—			(11,163		)
Other debt financing, net	—			—			6,192			—			6,192
Reduction of other debt	(25,000		)	—			(2,992		)	—			(27,992		)
ABL revolving credit facility, net	2,500			—			—			—			2,500
Share based award tax withholding payments	(3,936		)	—			—			—			(3,936		)
Other financing activities	—			(953		)	—			—			(953		)
Proceeds from (advances related to) intercompany transactions	(144,229		)	(1,360		)	(190,655		)	336,244			—
Net cash provided (used) by financing activities	60,650			(2,313		)	(187,455		)	336,244			207,126
Effect of exchange rate changes on cash and cash equivalents	—			—			(1,429		)	—			(1,429		)
Net (decrease) increase in cash and cash equivalents	415			(6,629		)	(73,901		)	—			(80,115		)
Cash and cash equivalents, beginning of period	49			8,789			133,576			—			142,414
Cash and cash equivalents, end of period	$	464		$	2,160		$	59,675		$	—		$	62,299

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Significant Accounting Policies (Tables)

9 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

Change in Accounting Principle: During the quarter ended June 30, 2013, the Company made a change in accounting principle to present tax withholdings for share-based payment awards paid to taxing authorities on behalf of an employee as a financing activity within its Condensed Consolidated Statement of Cash Flows. Such amounts were previously presented within operating activities in the Condensed Consolidated Statement of Cash Flows. The Company believes this change is preferable as the predominant characteristic of the transaction is a financing activity. The Company has reclassified the following amounts within its previously reported Condensed Consolidated Statements of Cash Flows on a retrospective basis to reflect this change in accounting principle:

	Nine Months Ended
	2013		2012
Net cash used by operating activities: Net changes in assets and liabilities	17,946		3,936
Net cash provided by financing activities: Share based award tax withholding payments	(17,946	)	(3,936	)

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 nine month periods ended June 30, 2013 and July 1, 2012:

	Three Months Ended					Nine Months Ended
	2013			2012		2013		2012
Russell Hobbs
Integration costs	$	695		$	1,573	$	2,630	$	6,766
Employee termination charges	(35		)	840		224		3,356
Legal and professional fees	(78		)	587		12		1,508
Russell Hobbs Acquisition and integration related charges	$	582		$	3,000	$	2,866	$	11,630
HHI Business
Legal and professional fees	4,663			—		25,650		—
Integration costs	1,615			—		5,292		—
Employee termination charges	13			—		103		—
HHI Business Acquisition and integration related charges	$	6,291		$	—	$	31,045	$	—
Shaser	161			—		4,534		—
FURminator	372			1,738		1,605		6,337
Black Flag	52			95		90		1,912
Other	289			441		418		746
Total Acquisition and integration related charges	$	7,747		$	5,274	$	40,558	$	20,625

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 awards and restricted stock units during the nine months ended June 30, 2013 is as follows:

Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock awards at September 30, 2012	13		$	28.00	$	364
Vested	(13	)	28.00		(364		)
Non-vested restricted stock awards at June 30, 2013	—		$	—	$	—

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	644		45.53		29,319
Forfeited	(290	)	29.78		(8,637		)
Vested	(1,116	)	28.21		(31,485		)
Non-vested restricted stock units at June 30, 2013	1,169		$	37.75	$	44,128

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Derivative Financial Instruments Policies (Policies)

9 Months Ended

Jun. 30, 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.

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.

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 June 30, 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 June 30, 2013, the Company had a series of foreign exchange derivative contracts outstanding through September 2014 with a contract value of $228,419. The derivative net gain on these contracts recorded in AOCI by the Company at June 30, 2013 was $4,138, net of tax expense of $1,541. At June 30, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $3,697, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. The Company hedges a portion of the risk associated with the purchase of 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 June 30, 2013, the Company had a series of zinc swap contracts outstanding through September 2014 for 10 tons with a contract value of $20,372. At June 30, 2013, the Company had a series of brass swap contracts outstanding through September 2014 for 1 ton with a contract value of $5,609. The derivative net loss on these contracts recorded in AOCI by the Company at June 30, 2013 was $1,068, net of tax benefit of $127. At June 30, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,010, 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 June 30, 2013 and September 30, 2012, the Company had $112,737 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.

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Inventories Balance By Type (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Raw materials	$ 108,284	$ 58,515
Work-in-process	53,461	23,434
Finished goods	545,595	370,684
Inventory, Net	$ 707,340	$ 452,633

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Employee Benefit Plans (Tables)

9 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The Company’s results of operations for the three and nine month periods ended June 30, 2013 and July 1, 2012 reflect the following pension and deferred compensation benefit costs:

	Three Months Ended						Nine Months Ended
Components of net periodic pension benefit and deferred compensation benefit cost	2013			2012			2013			2012
Service cost	$	867		$	578		$	2,416		$	1,700
Interest cost	2,498			2,552			7,326			7,030
Expected return on assets	(2,196		)	(2,051		)	(6,589		)	(5,378		)
Recognized net actuarial loss	519			242			1,557			508
Employee contributions	(46		)	(46		)	(137		)	(139		)
Net periodic benefit cost	$	1,642		$	1,275		$	4,573		$	3,721

Pension Contributions [Table Text Block]

The Company’s contributions to its pension and deferred compensation plans for the three and nine month periods ended June 30, 2013 and July 1, 2012 were as follows:

	Three Months Ended				Nine Months Ended
Pension and deferred compensation contributions	2013		2012		2013		2012
Contributions made during period	$	1,188	$	1,289	$	2,890	$	3,767

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Significant Accounting Policies Shipping and Handling Costs (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Accounting Policies [Abstract]
Shipping and Handling Costs	$ 67,023	$ 48,797	$ 183,050	$ 148,383

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Goodwill And Intangible Assets Schedule of Indefinite Lived Intangibles (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2013	Sep. 30, 2012
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	$ 1,166,910	$ 841,068
Additions	330,000
Effect of translation	(4,158)
Global Batteries & Appliances [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	540,539	545,426
Additions	0
Effect of translation	(4,887)
Hardware & Home Improvement [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	329,843	0
Additions	330,000
Effect of translation	(157)
Global Pet Supplies [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Trade names Not Subject to Amortization	213,028	212,142
Additions	0
Effect of translation	886
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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Debt (Tables)

9 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consists of the following:

	June 30, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	757,457		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	69,500			2.1	%	—		4.3	%
Other notes and obligations	32,966			8.3	%	18,059		10.9	%
Capitalized lease obligations	29,861			6.2	%	26,683		6.2	%
	$	3,229,784				$	1,664,917
Original issuance (discounts) premiums on debt	(3,730		)			4,383
Less: current maturities	40,783					16,414
Long-term debt	$	3,185,271				$	1,652,886

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Significant Accounting Policies Concentration of Risk (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Sep. 30, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration Risk, Percentage	37.00%	40.00%	41.00%	44.00%
Entity-Wide Revenue, Major Customer, Percentage	17.00%	23.00%	18.00%
Accounts Receivable, Major Customer, Percentage	10.00%		10.00%		13.00%

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Significant Accounting Policies (Policies)

9 Months Ended

Jun. 30, 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 $67,023 and $183,050 for the three and nine month periods ended June 30, 2013, respectively, and $48,797 and $148,383 for the three and nine month periods ended July 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]

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.

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.

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Guarantor Financial Statements (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Cash Equivalents, at Carrying Value	$ 98,904	$ 157,872
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	479,307	335,301
Accounts Receivable, Related Parties	3,349	1,951
Other Receivables	71,594	38,116
Inventories	707,340	452,633
Deferred Tax Assets, Net, Current	21,252	28,143
Prepaid expenses and other	69,800	49,273
Total current assets	1,451,546	1,063,289
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	355,250	214,017
Due from Related Parties, Noncurrent	0	0
Deferred charges and other	22,389	27,711
Goodwill	1,470,180	694,245
Intangible assets, net	2,169,404	1,714,929
Debt issuance costs	71,903	39,320
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
Total assets	5,540,672	3,753,511
Current maturities of long-term debt	40,783	16,414
Accounts payable	427,539	325,023
Accounts Payable, Related Parties, Current	0	0
Wages and benefits	63,623	82,119
Income taxes payable	29,586	30,272
Accrued interest	26,906	30,473
Other	155,410	124,597
Total current liabilities	743,847	608,898
Long-term debt, net of current maturities	3,185,271	1,652,886
Due to Related Parties, Noncurrent	0	0
Employee benefit obligations, net of current portion	109,340	89,994
Deferred income taxes	503,454	377,465
Other	24,845	31,578
Total liabilities	4,566,757	2,760,821
Other Capital	1,385,806	1,359,946
Accumulated deficit	(406,513)	(333,821)
Accumulated other comprehensive loss	(56,310)	(33,435)
Total shareholders' equity	922,983	992,690
Non-controlling interest	50,932	0
Total equity	973,915	992,690
Total liabilities and equity	5,540,672	3,753,511
Parent Company [Member]
Cash Equivalents, at Carrying Value	682	6,729
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	41,796	51,991
Accounts Receivable, Related Parties	220,219	242,449
Other Receivables	2,210	1,705
Inventories	103,035	87,482
Deferred Tax Assets, Net, Current	(5,697)	(5,545)
Prepaid expenses and other	19,138	16,534
Total current assets	381,383	401,345
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	68,111	61,246
Due from Related Parties, Noncurrent	108,626	103,358
Deferred charges and other	6,353	9,094
Goodwill	67,722	67,722
Intangible assets, net	507,135	514,968
Debt issuance costs	70,064	39,320
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	3,979,462	2,678,029
Total assets	5,188,856	3,875,082
Current maturities of long-term debt	6,786	3,939
Accounts payable	66,577	79,522
Accounts Payable, Related Parties, Current	920,146	993,646
Wages and benefits	3,941	21,682
Income taxes payable	44	(96)
Accrued interest	25,983	30,427
Other	21,772	20,331
Total current liabilities	1,045,249	1,149,451
Long-term debt, net of current maturities	3,073,415	1,622,060
Due to Related Parties, Noncurrent	0	0
Employee benefit obligations, net of current portion	33,016	24,560
Deferred income taxes	42,598	64,727
Other	12,045	16,225
Total liabilities	4,206,323	2,877,023
Other Capital	1,394,424	1,365,315
Accumulated deficit	(406,513)	(333,821)
Accumulated other comprehensive loss	(56,310)	(33,435)
Total shareholders' equity	931,601	998,059
Non-controlling interest	50,932
Total equity	982,533
Total liabilities and equity	5,188,856	3,875,082
Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	2,732	13,302
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	106,106	87,382
Accounts Receivable, Related Parties	904,187	961,195
Other Receivables	12,909	6,639
Inventories	183,363	174,254
Deferred Tax Assets, Net, Current	23,257	23,766
Prepaid expenses and other	8,705	4,721
Total current assets	1,241,259	1,271,259
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	46,562	47,633
Due from Related Parties, Noncurrent	132,430	110,076
Deferred charges and other	2,011	1,920
Goodwill	440,043	438,864
Intangible assets, net	746,714	777,220
Debt issuance costs	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	2,412,934	1,120,830
Total assets	5,021,953	3,767,802
Current maturities of long-term debt	1,346	1,667
Accounts payable	80,464	107,065
Accounts Payable, Related Parties, Current	309,386	321,210
Wages and benefits	8,065	18,158
Income taxes payable	97	64
Accrued interest	0	0
Other	33,447	38,366
Total current liabilities	432,805	486,530
Long-term debt, net of current maturities	2,554	3,259
Due to Related Parties, Noncurrent	349,173	376,754
Employee benefit obligations, net of current portion	0	0
Deferred income taxes	256,898	222,994
Other	1,062	236
Total liabilities	1,042,492	1,089,773
Other Capital	3,181,285	2,089,602
Accumulated deficit	780,417	606,196
Accumulated other comprehensive loss	(39,365)	(17,769)
Total shareholders' equity	3,922,337	2,678,029
Non-controlling interest	57,124
Total equity	3,979,461
Total liabilities and equity	5,021,953	3,767,802
Non-Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	95,490	137,841
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	331,405	195,928
Accounts Receivable, Related Parties	(190,895)	332,975
Other Receivables	56,475	29,772
Inventories	429,895	197,467
Deferred Tax Assets, Net, Current	1,414	8,276
Prepaid expenses and other	113,353	28,022
Total current assets	837,137	930,281
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	240,577	105,138
Due from Related Parties, Noncurrent	40,220	73,731
Deferred charges and other	14,025	16,697
Goodwill	962,415	187,659
Intangible assets, net	915,555	422,741
Debt issuance costs	1,839	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	445	445
Total assets	3,012,213	1,736,692
Current maturities of long-term debt	32,651	10,808
Accounts payable	280,498	138,436
Accounts Payable, Related Parties, Current	124,341	20,261
Wages and benefits	51,617	42,279
Income taxes payable	29,445	30,304
Accrued interest	923	46
Other	100,191	65,900
Total current liabilities	619,666	308,034
Long-term debt, net of current maturities	109,302	27,567
Due to Related Parties, Noncurrent	(421,709)	109,966
Employee benefit obligations, net of current portion	76,324	65,434
Deferred income taxes	203,958	89,744
Other	11,738	15,117
Total liabilities	599,279	615,862
Other Capital	2,218,803	1,078,928
Accumulated deficit	172,322	55,262
Accumulated other comprehensive loss	(35,315)	(13,360)
Total shareholders' equity	2,355,810	1,120,830
Non-controlling interest	57,124
Total equity	2,412,934
Total liabilities and equity	3,012,213	1,736,692
Consolidation, Eliminations [Member]
Cash Equivalents, at Carrying Value	0	0
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	0	0
Accounts Receivable, Related Parties	(930,162)	(1,534,668)
Other Receivables	0	0
Inventories	(8,953)	(6,570)
Deferred Tax Assets, Net, Current	2,278	1,646
Prepaid expenses and other	(71,396)	(4)
Total current assets	(1,008,233)	(1,539,596)
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	0	0
Due from Related Parties, Noncurrent	(281,276)	(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	(6,392,841)	(3,799,304)
Total assets	(7,682,350)	(5,626,065)
Current maturities of long-term debt	0	0
Accounts payable	0	0
Accounts Payable, Related Parties, Current	(1,353,873)	(1,335,117)
Wages and benefits	0	0
Income taxes payable	0	0
Accrued interest	0	0
Other	0	0
Total current liabilities	(1,353,873)	(1,335,117)
Long-term debt, net of current maturities	0	0
Due to Related Parties, Noncurrent	72,536	(486,720)
Employee benefit obligations, net of current portion	0	0
Deferred income taxes	0	0
Other	0	0
Total liabilities	(1,281,337)	(1,821,837)
Other Capital	(5,408,706)	(3,173,899)
Accumulated deficit	(952,739)	(661,458)
Accumulated other comprehensive loss	74,680	31,129
Total shareholders' equity	(6,286,765)	(3,804,228)
Non-controlling interest	(114,248)
Total equity	(6,401,013)
Total liabilities and equity	$ (7,682,350)	$ (5,626,065)

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Guarantor Financial Statements Guarantor Statement of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Net income (loss)	$ 36,761	$ 58,851	$ (10,853)	$ 43,570
Net (loss) income	36,498	58,851	(10,861)	43,570
Foreign currency translation	(7,830)	(34,148)	(25,385)	(30,538)
Unrealized gain on derivative instruments	1,780	1,475	2,858	2,370
Defined benefit pension (loss) gain	(52)	422	(348)	924
Other comprehensive income (loss), net of tax	(6,102)	(32,251)	(22,875)	(27,244)
Comprehensive loss	30,659	26,600	(33,728)	16,326
Less: Comprehensive income attributable to non-controlling interest	263		8
Comprehensive loss attributable to controlling interest	30,396	26,600	(33,736)	16,326
Less: Net income attributable to non-controlling interest	263	0	8	0
Parent [Member]
Net income (loss)	36,761		(10,853)
Net (loss) income	36,498	58,851	(10,861)	43,570
Foreign currency translation	(7,830)	(34,147)	(25,385)	(30,538)
Unrealized gain on derivative instruments	(52)		(348)
Defined benefit pension (loss) gain	1,780	422	2,858	924
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		1,474		2,370
Other comprehensive income (loss), net of tax	(6,102)	(32,251)	(22,875)	(27,244)
Comprehensive loss	30,659		(33,728)
Comprehensive loss attributable to controlling interest	30,396	26,600	(33,736)	16,326
Less: Net income attributable to non-controlling interest	263		8
Guarantor Subsidiaries [Member]
Net income (loss)	90,264		175,315
Net (loss) income	90,001	58,502	175,307	139,409
Foreign currency translation	(7,834)	(34,357)	(25,457)	(30,462)
Unrealized gain on derivative instruments		2,714		2,211
Defined benefit pension (loss) gain	1,926	422	4,209	5,261
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(52)		(347)
Other comprehensive income (loss), net of tax	(5,960)	(31,221)	(21,595)	(22,990)
Comprehensive loss	84,304		153,720
Comprehensive loss attributable to controlling interest	84,041	27,281	153,712	116,419
Less: Net income attributable to non-controlling interest	263		8
Non-Guarantor Subsidiaries [Member]
Net income (loss)	53,056		120,757
Net (loss) income	52,793	25,543	120,749	99,746
Foreign currency translation	(8,113)	(35,088)	(25,817)	(30,415)
Unrealized gain on derivative instruments		2,715		2,211
Defined benefit pension (loss) gain	1,926	422	4,209	645
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(52)		(347)
Other comprehensive income (loss), net of tax	(6,239)	(31,951)	(21,955)	(27,559)
Comprehensive loss	46,817		98,802
Comprehensive loss attributable to controlling interest	46,554	(6,408)	98,794	72,187
Less: Net income attributable to non-controlling interest	263		8
Consolidation, Eliminations [Member]
Net income (loss)	(143,320)		(296,072)
Net (loss) income	(142,794)	(84,045)	(296,056)	(239,155)
Foreign currency translation	15,947	69,444	51,274	60,877
Unrealized gain on derivative instruments	104	(5,428)	694	(4,422)
Defined benefit pension (loss) gain	(3,852)	(844)	(8,418)	(5,906)
Other comprehensive income (loss), net of tax	12,199	63,172	43,550	50,549
Comprehensive loss	(131,121)		(252,522)
Comprehensive loss attributable to controlling interest	(130,595)	(20,873)	(252,506)	(188,606)
Less: Net income attributable to non-controlling interest	$ (526)		$ (16)

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Significant Accounting Policies

9 Months Ended

Jun. 30, 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 June 30, 2013, the results of operations for the three and nine month periods ended June 30, 2013 and July 1, 2012, the comprehensive income (loss) for the three and nine month periods ended June 30, 2013 and July 1, 2012 and the cash flows for the nine month periods ended June 30, 2013 and July 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.

Change in Accounting Principle: During the quarter ended June 30, 2013, the Company made a change in accounting principle to present tax withholdings for share-based payment awards paid to taxing authorities on behalf of an employee as a financing activity within its Condensed Consolidated Statement of Cash Flows. Such amounts were previously presented within operating activities in the Condensed Consolidated Statement of Cash Flows. The Company believes this change is preferable as the predominant characteristic of the transaction is a financing activity. The Company has reclassified the following amounts within its previously reported Condensed Consolidated Statements of Cash Flows on a retrospective basis to reflect this change in accounting principle:

	Nine Months Ended
	2013		2012
Net cash used by operating activities: Net changes in assets and liabilities	17,946		3,936
Net cash provided by financing activities: Share based award tax withholding payments	(17,946	)	(3,936	)

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 $67,023 and $183,050 for the three and nine month periods ended June 30, 2013, respectively, and $48,797 and $148,383 for the three and nine month periods ended July 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 17% and 18% of the Company’s Net sales during the three and nine month periods ended June 30, 2013, respectively, and 23% of the Company’s Net sales during both the three and nine month periods ended July 1, 2012. This customer also represented approximately 10% and 13% of the Company’s Trade accounts receivable, net at June 30, 2013 and September 30, 2012, respectively.

Approximately 37% and 41% of the Company’s Net sales during the three and nine month periods ended June 30, 2013, respectively, and 40% and 44% of the Company’s Net sales during the three and nine month periods ended July 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 nine month periods ended June 30, 2013 was $17,673 and $31,830, respectively. Total stock compensation expense associated with restricted stock awards and restricted stock units recognized by the Company during the three and nine month periods ended July 1, 2012 was $4,361 and $15,436, respectively.

The Company granted approximately 30 and 644 restricted stock units during the three and nine month periods ended June 30, 2013, respectively. Of these grants, 90 are performance-based and vest over a one year period and 554 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 $29,319.

The Company granted approximately 42 and 741 restricted stock units during the three and nine month periods ended July 1, 2012, respectively. Of these grants, 42 restricted stock units are time-based and vest over a two year period. The remaining 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 $20,293.

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 awards and restricted stock units during the nine months ended June 30, 2013 is as follows:

Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Fair Value at Grant Date
Non-vested restricted stock awards at September 30, 2012	13		$	28.00	$	364
Vested	(13	)	28.00		(364		)
Non-vested restricted stock awards at June 30, 2013	—		$	—	$	—

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	644		45.53		29,319
Forfeited	(290	)	29.78		(8,637		)
Vested	(1,116	)	28.21		(31,485		)
Non-vested restricted stock units at June 30, 2013	1,169		$	37.75	$	44,128

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 nine month periods ended June 30, 2013 and July 1, 2012:

	Three Months Ended					Nine Months Ended
	2013			2012		2013		2012
Russell Hobbs
Integration costs	$	695		$	1,573	$	2,630	$	6,766
Employee termination charges	(35		)	840		224		3,356
Legal and professional fees	(78		)	587		12		1,508
Russell Hobbs Acquisition and integration related charges	$	582		$	3,000	$	2,866	$	11,630
HHI Business
Legal and professional fees	4,663			—		25,650		—
Integration costs	1,615			—		5,292		—
Employee termination charges	13			—		103		—
HHI Business Acquisition and integration related charges	$	6,291		$	—	$	31,045	$	—
Shaser	161			—		4,534		—
FURminator	372			1,738		1,605		6,337
Black Flag	52			95		90		1,912
Other	289			441		418		746
Total Acquisition and integration related charges	$	7,747		$	5,274	$	40,558	$	20,625

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Guarantor Financial Statements Guarantor Statement of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013 Parent [Member]	Jul. 01, 2012 Parent [Member]	Jul. 01, 2012 Parent [Member] Black Flag [Member]	Jun. 30, 2013 Parent [Member] Shaser, Inc. [Member]	Jul. 01, 2012 Parent [Member] FURminator [Member]	Jun. 30, 2013 Parent [Member] HHI Business [Member]	Jun. 30, 2013 Guarantor Subsidiaries [Member]	Jul. 01, 2012 Guarantor Subsidiaries [Member]	Jul. 01, 2012 Guarantor Subsidiaries [Member] Black Flag [Member]	Jun. 30, 2013 Guarantor Subsidiaries [Member] Shaser, Inc. [Member]	Jul. 01, 2012 Guarantor Subsidiaries [Member] FURminator [Member]	Jun. 30, 2013 Guarantor Subsidiaries [Member] HHI Business [Member]	Jun. 30, 2013 Non-Guarantor Subsidiaries [Member]	Jul. 01, 2012 Non-Guarantor Subsidiaries [Member]	Jul. 01, 2012 Non-Guarantor Subsidiaries [Member] Black Flag [Member]	Jun. 30, 2013 Non-Guarantor Subsidiaries [Member] Shaser, Inc. [Member]	Jul. 01, 2012 Non-Guarantor Subsidiaries [Member] FURminator [Member]	Jun. 30, 2013 Non-Guarantor Subsidiaries [Member] HHI Business [Member]	Jun. 30, 2013 Consolidation, Eliminations [Member]	Jul. 01, 2012 Consolidation, Eliminations [Member]	Jul. 01, 2012 Consolidation, Eliminations [Member] Black Flag [Member]	Jun. 30, 2013 Consolidation, Eliminations [Member] Shaser, Inc. [Member]	Jul. 01, 2012 Consolidation, Eliminations [Member] FURminator [Member]	Jun. 30, 2013 Consolidation, Eliminations [Member] HHI Business [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member] Parent [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member] Non-Guarantor Subsidiaries [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member] Consolidation, Eliminations [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member] Parent [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member] Guarantor Subsidiaries [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member] Non-Guarantor Subsidiaries [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member] Consolidation, Eliminations [Member]
Net cash used by operating activities	$ (75,838)	$ (67,928)	$ (230,744)	$ (46,049)					$ 41,163	$ 188,635					$ 672,999	$ 125,730					$ (559,256)	$ (336,244)
Payments to Acquire Property, Plant, and Equipment	(45,236)	(33,117)	14,857	(14,321)					(5,958)	(9,719)					(24,421)	(9,077)					0	0
Payments to Acquire Businesses, Net of Cash Acquired					0	0	0	0			(43,750)	0	(139,390)	(1,351,008)			0	(42,510)	0	0			0	0	0	0
Payments for (Proceeds from) Other Investing Activities	(1,141)	(1,627)	73	135					(1,289)	(92)					75	(1,670)					0	0
Proceeds from issuance of 9.5% Notes, including premium	0	217,000								0						0						0
Net cash used by investing activities	(1,439,895)	(217,884)	(14,784)	(14,186)					(1,358,255)	(192,951)					(66,856)	(10,747)					0	0
Proceeds from issuance of Term Loan	792,000	0	700,000						0						92,000						0
Proceeds from issuance of 6.375% Notes	0	300,000					300,000						0						0						0		520,000	0	0	0	570,000	0	0	0
Payment of Notes, Including Tender and Call Premium	0	(270,431)					(270,431)						0						0						0
Repayments of Senior Debt	(406,904)	(4,091)	(406,904)	(4,091)					0	0					0	0					0	0
Debt issuance costs	(44,469)	(11,163)	(42,333)	(11,163)					0	0					(2,136)	0					0	0
Other debt financing, net	17,080	6,192	0	0					0	0					17,080	6,192					0	0
Repayments of Other Debt	(1,970)	(27,992)	0	(25,000)					0	0					(1,970)	(2,992)					0	0
ABL revolving credit facility, net	69,500	2,500	69,500	2,500					0	0					0	0					0	0
Payments Related to Tax Withholding for Share-based Compensation	(20,141)	(3,936)	(20,141)	(3,936)					0	0					0	0					0	0
Proceeds from (Payments for) Other Financing Activities	0	(953)		0						(953)						0						0
Capital contribution from parent	28,562	0	28,562						0						0						0
Cash dividends paid to parent	(61,842)	0	(61,842)						0						0						0
Proceeds from (Repayments of) Related Party Debt	0	0	(1,117,361)	(144,229)					1,306,522	(1,360)					(748,417)	(190,655)					559,256	336,244
Net cash provided by financing activities	1,461,816	207,126	239,481	60,650					1,306,522	(2,313)					(643,443)	(187,455)					559,256	336,244
Effect of exchange rate changes on cash and cash equivalents due to Venezuela devaluation	(1,870)	0	0						0						(1,870)						0
Effect of exchange rate changes on cash and cash equivalents	(3,181)	(1,429)	0	0					0	0					(3,181)	(1,429)					0	0
Net decrease in cash and cash equivalents	(58,968)	(80,115)	(6,047)	415					(10,570)	(6,629)					(42,351)	(73,901)					0	0
Cash and cash equivalents	$ 98,904	$ 62,299	$ 682	$ 464					$ 2,732	$ 2,160					$ 95,490	$ 59,675					$ 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		9 Months Ended				9 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013 Restricted Stock Units (RSUs) [Member]	Sep. 30, 2012 Restricted Stock Units (RSUs) [Member]	Jun. 30, 2013 Restricted Stock [Member]	Sep. 30, 2012 Restricted Stock [Member]	Jun. 30, 2013 Performance Based RSUs 1 Year Vesting [Member]	Jun. 30, 2013 Performance Based RSUs 2 Year Vesting [Member]	Jul. 01, 2012 Performance Based RSUs 2 Year Vesting [Member]	Jul. 01, 2012 Time Based RSUs 2 Year Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization of unearned restricted stock compensation	$ 17,673	$ 4,361	$ 31,830	$ 15,436
Granted Shares	30	42	644	741					90	554	699	42
Nonvested Awards Outstanding, Shares					1,169	1,931	0	13
Nonvested Awards Outstanding, Weighted Average Grant Date Fair Value					$ 37.75	$ 28.45	$ 0.00	$ 28.00
Nonvested Awards Outstanding, Grant Date Fair Value					44,128	54,931	0	364
Granted, Shares					644
Granted, Weighted Average Grant Date Fair Value					$ 45.53
Granted, Grant Date Fair Value			29,319	20,293	29,319
Vested, Shares					(1,116)		(13)
Vested, Weighted Average Grant Date Fair Value					$ 28.21		$ 28.00
Vested, Grant Date Fair Value					(31,485)		(364)
Forfeited, Shares					(290)
Forfeited, Weighted Average Grant Date Fair Value					$ 29.78
Forfeited, Fair Value at Grant Date					$ (8,637)

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Comprehensive Income (Loss) Statement (Tables)

9 Months Ended

Jun. 30, 2013

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

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

The components of Other comprehensive income (loss), net of tax, for the three and nine month periods ended June 30, 2013 and July 1, 2012 are as follows:

	Three Months Ended						Nine Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(7,830		)	(34,148		)	(25,385		)	(30,538		)
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive Loss	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	3,193		$	3,210		$	4,595		$	391
Net reclassification adjustment for (gains) losses included in earnings	(507		)	(309		)	(80		)	3,214
Gross change after reclassification adjustment	2,686			2,901			4,515			3,605
Deferred tax effect	(450		)	(1,891		)	(1,566		)	(1,478		)
Deferred tax valuation allowance	(456		)	465			(91		)	243
Other Comprehensive Income	$	1,780		$	1,475		$	2,858		$	2,370
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(575	)	$	217		$	(2,164	)	$	539
Net reclassification adjustment for losses included in Cost of goods sold	326			152			979			320
Net reclassification adjustment for losses included in Selling expenses	41			19			122			40
Net reclassification adjustment for losses included in General and administrative expenses	152			71			456			148
Gross change after reclassification adjustment	(56		)	459			(607		)	1,047
Deferred tax effect	(38		)	(37		)	205			(94		)
Deferred tax valuation allowance	42			—			54			(29		)
Other Comprehensive (Loss) Income	$	(52	)	$	422		$	(348	)	$	924
Total Other Comprehensive Loss, net of tax	$	(6,102	)	$	(32,251	)	$	(22,875	)	$	(27,244	)

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Derivative Financial Instruments (Tables)

9 Months Ended

Jun. 30, 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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	21	$	985
Commodity contracts	Deferred charges and other	16		1,017
Foreign exchange contracts	Receivables—Other	5,197		1,194
Foreign exchange contracts	Deferred charges and  other	621		—
Total asset derivatives designated as hedging instruments under ASC 815		5,855		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	24		41
Total asset derivatives		$	5,879	$	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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	1,174	$	9
Commodity contracts	Other long-term liabilities	79		—
Foreign exchange contracts	Accounts payable	126		3,063
Foreign exchange contracts	Other long-term  liabilities	13		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,392	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Commodity contract	Accounts payable	197		—
Foreign exchange contracts	Accounts payable	3,324		3,967
Foreign exchange contracts	Other long-term liabilities	1,078		2,926
Total liability derivatives		$	5,991	$	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 June 30, 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	$	(930	)	Cost of goods sold	$	(321	)	Cost of goods sold	$	11
Foreign exchange contracts	89			Net sales	313			Net sales	—
Foreign exchange contracts	4,034			Cost of goods sold	515			Cost of goods sold	—
Total	$	3,193			$	507			$	11

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the nine month period ended June 30, 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	$	(3,361	)	Cost of goods sold	$	(223	)	Cost of goods sold	$	(71	)
Foreign exchange contracts	755			Net sales	653			Net sales	—
Foreign exchange contracts	7,201			Cost of goods sold	(350		)	Cost of goods sold	—
Total	$	4,595			$	80			$	(71	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended July 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	$	(2,368	)	Cost of goods sold	$	(120	)	Cost of goods sold	$	(6	)
Foreign exchange contracts	(395		)	Net sales	(129		)	Net sales	—
Foreign exchange contracts	5,973			Cost of goods sold	558			Cost of goods sold	—
Total	$	3,210			$	309			$	(6	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the nine month period ended July 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	$	(1,989	)	Cost of goods sold	$	(675	)	Cost of goods sold	$	8
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	(61		)	Net sales	(339		)	Net sales	—
Foreign exchange contracts	2,426			Cost of goods sold	(1,336		)	Cost of goods sold	—
Total	$	391			$	(3,214	)		$	8

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 June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	477			7,941		Other expense, net
Total	$	280		$	7,941

During the nine month periods ended June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	(1,834		)	11,734		Other expense, net
Total	$	(2,031	)	$	11,734

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Acquisitions Purchase Price Allocation (Tables)

9 Months Ended

Jun. 30, 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 Ended				Nine Months Ended
	2013		2012		2013			2012
Net sales:
Reported Net sales	$	1,089,825	$	824,803	$	2,947,849		$	2,419,859
HHI Business adjustment (1)	—		253,004		191,777			716,862
Pro forma Net sales	$	1,089,825	$	1,077,807	$	3,139,626		$	3,136,721
Net income (loss):
Reported Net income (loss) (2) (3)	$	36,761	$	58,851	$	(10,853	)	$	43,570
HHI Business adjustment (1)	—		26,665		4,942			49,593
Pro forma Net income (loss)	$	36,761	$	85,516	$	(5,911	)	$	93,163

(1) The results related to the HHI Business adjustment do not reflect the TLM Taiwan business as stand alone financial data is not available for the periods periods presented. The TLM Taiwan business is not deemed material to the operating results of the Company.

(2) Included in Reported Net loss for the nine month period ended June 30, 2013, is an adjustment of $49,291 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.”

(3) Included in Reported Net loss for the three and nine month periods ended June 30, 2013, is $6,291 and $31,045, 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.”

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

Shaser

On November 8, 2012, SB Holdings 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. A portion of the HHI Business, consisting of the purchase of certain assets of TLM Taiwan, closed on April 8, 2013.

The following table summarizes the preliminary consideration paid for the HHI Business:

Negotiated sales price, excluding TLM Taiwan	$	1,300,000
Working capital and other adjustments at December 17, 2012 close	(10,738		)
Final working capital adjustment	(7,669		)
Final purchase price, excluding TLM Taiwan	$	1,281,593
Negotiated sales price, TLM Taiwan	100,000
Working capital and other adjustments at April 8, 2013 close	(6,500		)
Total HHI Business purchase price	$	1,375,093

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:

	HHI Business Preliminary Valuation December 30, 2012			TLM Taiwan Preliminary Valuation June 30, 2013		Adjustments / reclassifications			Preliminary Valuation June 30, 2013
Cash	$	17,406		843		$	5,836		$	24,085
Accounts receivable	104,641			11		4,377			109,029
Inventory	207,160			1,135		(2,393		)	205,902
Prepaid expenses and other	13,311			2,148		(4,160		)	11,299
Property, plant and equipment	104,502			36,750		(5,147		)	136,105
Intangible assets	470,000			17,100		—			487,100
Other long-term assets	3,051			124		—			3,175
Total assets acquired	$	920,071		$	58,111	$	(1,487	)	$	976,695
Accounts payable	130,140			—		7,967			138,107
Deferred tax liability - current	7,081			—		(32		)	7,049
Accrued liabilities	37,530			241		129			37,900
Deferred tax liability - long-term	104,708			1,930		11,177			117,815
Other long-term liabilities	11,231			8,089		(2,168		)	17,152
Total liabilities assumed	$	290,690		$	10,260	$	17,073		$	318,023
Total identifiable net assets	629,381			47,851		(18,560		)	658,672
Non-controlling interest	(2,235		)	—		(2,234		)	(4,469		)
Goodwill	662,116			45,649		13,125			720,890
Total net assets	$	1,289,262		$	93,500	$	(7,669	)	$	1,375,093

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 June 30, 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

XML

Fair Value Of Financial Instruments Summary (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Debt, Carrying Amount	$ (3,226,054)	$ (1,669,300)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Debt, Fair Value	3,395,679	1,804,831
Other Assets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,301)	(1,993)
Other Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0	0
Other Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,301)	(1,993)
Other Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0	0
Other Assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		0
Other Assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		1,993
Other Assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		0
Other Assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0
Other Assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	1,301
Other Assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0
Other Liabilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,413)	(8,721)
Other Liabilities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0	0
Other Liabilities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,413)	(8,721)
Other Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0	0
Other Liabilities [Member] | Commodity Contract [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,413)
Other Liabilities [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0
Other Liabilities [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	(1,413)
Other Liabilities [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net	0
Other Liabilities [Member] | Foreign Exchange Contract [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		(8,721)
Other Liabilities [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		0
Other Liabilities [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		(8,721)
Other Liabilities [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Fair Value, Net		$ 0

XML

Schedule of Debt Instruments (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Debt Instrument [Line Items]
Gross Debt Obligations	$ 3,229,784	$ 1,664,917
Current maturities of long-term debt	40,783	16,414
Original Issuance Premiums (Discounts) on Debt	(3,730)	4,383
Long-term debt, net of current maturities	3,185,271	1,652,886
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Balance	757,457	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	69,500	0
Interest Rate	2.10%	4.30%
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Debt Balance	32,966	18,059
Interest Rate	8.30%	10.90%
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Debt Balance	29,861	26,683
Interest Rate	6.20%	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%

XML

Comprehensive Income (Loss) Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Defined benefit pension (loss) gain	$ (52)	$ 422	$ (348)	$ 924
Unrealized gain (loss) on derivative instruments	1,780	1,475	2,858	2,370
Foreign currency translation	(7,830)	(34,148)	(25,385)	(30,538)
Other comprehensive loss, net of tax	(6,102)	(32,251)	(22,875)	(27,244)
Cash Flow Hedging [Member]
Gross change before reclassification adjustment	3,193	3,210	4,595	391
Net reclassification adjustment for (gains) losses included in earnings	(507)	(309)	(80)	3,214
Gross change after reclassification adjustment	2,686	2,901	4,515	3,605
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(450)	(1,891)	(1,566)	(1,478)
Deferred tax valuation allowance	(456)	465	(91)	243
Unrealized gain (loss) on derivative instruments	1,780	1,475	2,858	2,370
Pension Plans, Defined Benefit [Member]
Deferred tax valuation allowance	42	0	54	(29)
Defined benefit pension (loss) gain	(52)	422	(348)	924
Gross change before reclassification adjustment	(575)	217	(2,164)	539
Gross change after reclassification adjustment	(56)	459	(607)	1,047
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized (Gain) Loss Arising During Period, Tax	(38)	(37)	205	(94)
Foreign Currency Gain (Loss) [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(7,830)	(34,148)	(25,385)	(30,538)
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	(7,830)	(34,148)	(25,385)	(30,538)
Deferred tax valuation allowance	0	0	0	0
Foreign currency translation	(7,830)	(34,148)	(25,385)	(30,538)
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	326	152	979	320
Selling and Marketing Expense [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	41	19	122	40
General and Administrative Expense [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	$ 152	$ 71	$ 456	$ 148

XML

Condensed Consolidated Statements Of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Income Statement [Abstract]
Net sales	$ 1,089,825	$ 824,803	$ 2,947,849	$ 2,419,859
Cost of goods sold	706,053	531,069	1,949,332	1,575,803
Restructuring and related charges	13,245	3,896	27,736	15,890
Gross profit	382,759	291,696	993,819	835,753
Selling	165,178	129,851	464,961	391,522
General and administrative	70,057	50,726	196,077	157,493
Research and development	11,486	8,597	31,517	23,790
Acquisition and integration related charges	7,747	5,274	40,558	20,625
Total operating expenses	266,700	196,306	756,151	601,017
Operating income	116,059	95,390	237,668	234,736
Interest expense	61,516	39,686	185,652	150,169
Other expense, net	2,613	2,224	7,941	2,225
Income from continuing operations before income taxes	51,930	53,480	44,075	82,342
Income tax expense (benefit)	15,169	(5,371)	54,928	38,772
Net income (loss)	36,761	58,851	(10,853)	43,570
Less: Net income attributable to non-controlling interest	263	0	8	0
Net (loss) income	36,498	58,851	(10,861)	43,570
Cost of Sales [Member]
Income Statement [Abstract]
Restructuring and related charges	1,013	2,038	4,698	8,303
Operating Expense [Member]
Income Statement [Abstract]
Restructuring and related charges	$ 12,232	$ 1,858	$ 23,038	$ 7,587

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Goodwill And Intangible Assets

9 Months Ended

Jun. 30, 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			720,890			—			1,179			787,687
Effect of translation	(5,432		)	(5,817		)	(503		)	—			(11,752		)
Balance at June 30, 2013	$	328,742		$	715,073		$	237,429		$	188,936		$	1,470,180
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	(4,887		)	(157		)	886			—			(4,158		)
Balance at June 30, 2013	$	540,539		$	329,843		$	213,028		$	83,500		$	1,166,910
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			157,100			749			—			190,649
Amortization during period	(26,818		)	(7,565		)	(16,013		)	(7,106		)	(57,502		)
Effect of translation	(3,276		)	(698		)	(540		)	—			(4,514		)
Balance at June 30, 2013, net	$	449,818		$	148,837		$	248,818		$	155,021		$	1,002,494
Total Intangible Assets, net at June 30, 2013	$	990,357		$	478,680		$	461,846		$	238,521		$	2,169,404

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:

	June 30, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	175,473		$	90,924
Accumulated amortization	(34,777		)	(22,768		)
Carrying value, net	$	140,696		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	171,482		$	150,829
Accumulated amortization	(41,168		)	(28,347		)
Carrying value, net	$	130,314		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	879,410		$	796,235
Accumulated amortization	(147,926		)	(113,012		)
Carrying value, net	$	731,484		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,002,494		$	873,861

Amortization expense for the three and nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,470	$	2,411	$	12,009	$	6,721
Trade names amortization	4,264		3,509		12,162		9,788
Customer relationships amortization	11,611		10,181		33,331		30,041
	$	20,345	$	16,101	$	57,502	$	46,550

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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Condensed Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Net income (loss)	$ 36,761	$ 58,851	$ (10,853)	$ 43,570
Foreign currency translation	(7,830)	(34,148)	(25,385)	(30,538)
Unrealized gain on derivative instruments	1,780	1,475	2,858	2,370
Defined benefit pension (loss) gain	(52)	422	(348)	924
Other comprehensive loss, net of tax	(6,102)	(32,251)	(22,875)	(27,244)
Comprehensive income (loss)	30,659	26,600	(33,728)	16,326
Less: Comprehensive income attributable to non-controlling interest	263		8
Comprehensive income (loss) attributable to controlling interest	30,396	26,600	(33,736)	16,326
Pension Plans, Defined Benefit [Member]
Defined benefit pension (loss) gain	(52)	422	(348)	924
Selling and Marketing Expense [Member] | Pension Plans, Defined Benefit [Member]
Net reclassification adjustment for losses included in General and administrative expenses	$ 41	$ 19	$ 122	$ 40

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Segment Results (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Sep. 30, 2012
Segment Reporting Information [Line Items]
Foreign Currency Exchange Rate, Translation	6.3		6.3		4.3
Net sales	$ 1,089,825	$ 824,803	$ 2,947,849	$ 2,419,859
Acquisition and integration related charges	7,747	5,274	40,558	20,625
Restructuring and related charges	13,245	3,896	27,736	15,890
Interest expense	61,516	39,686	185,652	150,169
Other expense, net	2,613	2,224	7,941	2,225
Income from continuing operations before income taxes	51,930	53,480	44,075	82,342
Total assets	5,540,672		5,540,672		3,753,511
Operating income	116,059	95,390	237,668	234,736
Global Batteries & Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	491,601	500,724	1,626,243	1,669,973
Segment profit	44,904	47,093	181,696	185,726
Total assets	2,213,741		2,213,741		2,243,472
Global Pet Supplies [Member]
Segment Reporting Information [Line Items]
Net sales	156,440	157,495	456,639	448,962
Segment profit	26,560	22,470	62,833	57,778
Total assets	959,282		959,282		956,043
Home and Garden Business [Member]
Segment Reporting Information [Line Items]
Net sales	156,568	166,584	289,091	300,924
Segment profit	43,117	44,224	59,648	60,509
Total assets	542,525		542,525		508,083
Hardware & Home Improvement [Member]
Segment Reporting Information [Line Items]
Net sales	285,216	0	575,876	0
Segment profit	42,963	0	46,483	0
Total assets	1,787,178		1,787,178		0
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment profit	157,544	113,787	350,660	304,013
Total assets	5,502,726		5,502,726		3,707,598
Corporate [Member]
Segment Reporting Information [Line Items]
Segment profit	20,493	9,227	44,698	32,762
Total assets	37,946		37,946		45,913
Consumer Batteries [Member]
Segment Reporting Information [Line Items]
Net sales	207,339	211,198	678,067	684,277
Small Appliances [Member]
Segment Reporting Information [Line Items]
Net sales	168,744	173,140	543,451	575,630
Electric Shaving and Grooming Products [Member]
Segment Reporting Information [Line Items]
Net sales	61,742	62,860	207,978	214,979
Electric Personal Care Products [Member]
Segment Reporting Information [Line Items]
Net sales	53,776	53,526	196,747	195,087
Pension Plans, Defined Benefit [Member]
Segment Reporting Information [Line Items]
Service cost	867	578	2,416	1,700
Venezuela Hyperinflation [Member]
Segment Reporting Information [Line Items]
Operating income	$ 1,953

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Condensed Consolidated Statements Of Financial Position (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Assets
Cash and cash equivalents	$ 98,904	$ 157,872
Receivables:
Trade accounts receivable, net of allowances of $32,591 and $21,870, respectively	479,307	335,301
Other	74,943	40,067
Inventories	707,340	452,633
Deferred income taxes	21,252	28,143
Prepaid expenses and other	69,800	49,273
Total current assets	1,451,546	1,063,289
Property, plant and equipment, net of accumulated depreciation of $180,596 and $139,994, respectively	355,250	214,017
Deferred charges and other	22,389	27,711
Goodwill	1,470,180	694,245
Intangible assets, net	2,169,404	1,714,929
Debt issuance costs	71,903	39,320
Total assets	5,540,672	3,753,511
Liabilities and Shareholders’ Equity
Current maturities of long-term debt	40,783	16,414
Accounts payable	427,539	325,023
Accrued liabilities:
Wages and benefits	63,623	82,119
Income taxes payable	29,586	30,272
Accrued interest	26,906	30,473
Other	155,410	124,597
Total current liabilities	743,847	608,898
Long-term debt, net of current maturities	3,185,271	1,652,886
Employee benefit obligations, net of current portion	109,340	89,994
Deferred income taxes	503,454	377,465
Other	24,845	31,578
Total liabilities	4,566,757	2,760,821
Shareholders’ equity:
Other capital	1,385,806	1,359,946
Accumulated deficit	(406,513)	(333,821)
Accumulated other comprehensive loss	(56,310)	(33,435)
Total shareholders' equity	922,983	992,690
Non-controlling interest	50,932	0
Total equity	973,915	992,690
Total liabilities and equity	$ 5,540,672	$ 3,753,511

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Debt Additional Details (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended				9 Months Ended		9 Months Ended			3 Months Ended	9 Months Ended			3 Months Ended	9 Months Ended			3 Months Ended	9 Months Ended			9 Months Ended	3 Months Ended	9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013 Senior Notes [Member]	Sep. 30, 2012 Senior Notes [Member]	Jun. 30, 2013 Revolving Credit Facility [Member]	Sep. 30, 2012 Revolving Credit Facility [Member]	Jun. 30, 2013 Unsecured Debt [Member]	Jun. 30, 2013 Secured Debt [Member]	Sep. 30, 2012 Secured Debt [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member]	Jun. 30, 2013 Notes 6.375% due 2020 [Member] Unsecured Debt [Member]	Sep. 30, 2012 Notes 6.375% due 2020 [Member] Unsecured Debt [Member]	Jul. 01, 2012 Senior Notes [Member]	Jun. 30, 2013 Senior Notes [Member]	Jun. 30, 2013 6.75% Notes [Member] Unsecured Debt [Member]	Sep. 30, 2012 6.75% Notes [Member] Unsecured Debt [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member]	Jun. 30, 2013 Notes 6.625% due 2022 [Member] Unsecured Debt [Member]	Sep. 30, 2012 Notes 6.625% due 2022 [Member] Unsecured Debt [Member]	Jun. 30, 2013 Canada, Dollars Senior Notes [Member]	Jun. 30, 2013 HHI Business [Member] Revolving Credit Facility [Member]	Jun. 30, 2013 HHI Business [Member] Revolving Credit Facility [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	44,469	11,163			323					3	12,906				16,907			4	14,127				0	206
Line of Credit Facility, Maximum Borrowing Capacity					400,000	300,000
Payments of Debt Extinguishment Costs															2,421
Write off of debt issuance costs	4,600	2,945													5,485
Payments of Financing Costs														201	19,328
Senior Notes			757,457	370,175
Percentage of Holders Needed to Accelerate Bonds							25.00%
Line of Credit Facility, Current Borrowing Capacity					228,055
Line of Credit Lender Restrictions					7,942
Letters of Credit Outstanding, Amount	$ 38,491

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Inventories Balance By Type (Tables)

9 Months Ended

Jun. 30, 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:

	June 30, 2013		September 30, 2012
Raw materials	$	108,284	$	58,515
Work-in-process	53,461		23,434
Finished goods	545,595		370,684
	$	707,340	$	452,633

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New Accounting Pronouncements

9 Months Ended

Jun. 30, 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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Significant Accounting Policies Change in Accounting Principle (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (Decrease) in Operating Capital	$ 260,148	$ 212,965
Payments Related to Tax Withholding for Share-based Compensation	(20,141)	(3,936)
Restatement Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (Decrease) in Operating Capital	(17,946)	(3,936)
Payments Related to Tax Withholding for Share-based Compensation	$ (17,946)	$ (3,936)

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Derivative Financial Instruments Additional Details (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Derivative [Line Items]
Derivative Credit Risk Valuation Adjustment, Derivative Assets	$ 36	$ 46
Letters of Credit Outstanding, Amount	38,491
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	3,697
Derivative, Notional Amount	228,419
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	(1,010)
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	112,737	172,581
Silver, Ounces | Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	1,000
Derivative, Notional Amount	5,609
Silver, Ounces | Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount	60,000
Derivative, Notional Amount	$ 1,189

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Description Of Business (Details)	Jun. 30, 2013
1 Description of Business [Abstract]
Number of Countries in which Entity Operates	140

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Segment Results (Tables)

9 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

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

Segment information for the three and nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Net sales to external customers
Consumer batteries	$	207,339	$	211,198	$	678,067	$	684,277
Small appliances	168,744		173,140		543,451		575,630
Electric shaving and grooming	61,742		62,860		207,978		214,979
Electric personal care	53,776		53,526		196,747		195,087
Global Batteries & Appliances	491,601		500,724		1,626,243		1,669,973
Global Pet Supplies	156,440		157,495		456,639		448,962
Home and Garden Business	156,568		166,584		289,091		300,924
Hardware & Home Improvement	285,216		—		575,876		—
Total segments	$	1,089,825	$	824,803	$	2,947,849	$	2,419,859
	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Segment profit
Global Batteries & Appliances	$	44,904	$	47,093	$	181,696	$	185,726
Global Pet Supplies	26,560		22,470		62,833		57,778
Home and Garden Business	43,117		44,224		59,648		60,509
Hardware & Home Improvement	42,963		—		46,483		—
Total segments	157,544		113,787		350,660		304,013
Corporate expense	20,493		9,227		44,698		32,762
Acquisition and integration related charges	7,747		5,274		40,558		20,625
Restructuring and related charges	13,245		3,896		27,736		15,890
Interest expense	61,516		39,686		185,652		150,169
Other expense, net	2,613		2,224		7,941		2,225
Income from continuing operations before income taxes	$	51,930	$	53,480	$	44,075	$	82,342

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, net and resulted in a $1,953 reduction to the Company's pretax income during the nine month period ended June 30, 2013.

	June 30, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,213,741	$	2,243,472
Global Pet Supplies	959,282		956,043
Home and Garden Business	542,525		508,083
Hardware & Home Improvement	1,787,178		—
Total segment assets	5,502,726		3,707,598
Corporate	37,946		45,913
Total assets at period end	$	5,540,672	$	3,753,511

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Restructuring And Related Charges (Tables)

9 Months Ended

Jun. 30, 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 nine month period ended June 30, 2013	$	4,589	$	9,520	$	518	$	—	$	14,627
Restructuring and related charges since initiative inception	$	25,398	$	46,519	$	18,138	$	7,591	$	97,646
Total future restructuring and related charges expected	$	693	$	5,085	$	1,009	$	—	$	6,787

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	93	$	1,205	$	907	$	4,679
Hardware & Home Improvement	644		—		1,772		—
Global Pet Supplies	276		833		2,019		3,624
Total restructuring and related charges in cost of goods sold	1,013		2,038		4,698		8,303
Operating expenses:
Global Batteries & Appliances	8,201		640		10,556		2,283
Hardware & Home Improvement	1,698		—		3,251		—
Global Pet Supplies	1,165		883		7,501		3,276
Home and Garden Business	151		192		518		1,163
Corporate	1,017		143		1,212		865
Total restructuring and related charges in operating expenses	12,232		1,858		23,038		7,587
Total restructuring and related charges	$	13,245	$	3,896	$	27,736	$	15,890

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	5,418			226			5,644
Cash expenditures	(3,103		)	(1,055		)	(4,158		)
Non-cash items	(5		)	40			35
Accrual balance at June 30, 2013	$	5,562		$	306		$	5,868
Expensed as incurred (A)	$	1,183		$	7,800		$	8,983

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Inventories

9 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

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

	June 30, 2013		September 30, 2012
Raw materials	$	108,284	$	58,515
Work-in-process	53,461		23,434
Finished goods	545,595		370,684
	$	707,340	$	452,633

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Goodwill And Intangible Assets (Tables)

9 Months Ended

Jun. 30, 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			720,890			—			1,179			787,687
Effect of translation	(5,432		)	(5,817		)	(503		)	—			(11,752		)
Balance at June 30, 2013	$	328,742		$	715,073		$	237,429		$	188,936		$	1,470,180
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	(4,887		)	(157		)	886			—			(4,158		)
Balance at June 30, 2013	$	540,539		$	329,843		$	213,028		$	83,500		$	1,166,910
Intangible Assets Subject to Amortization
Balance at September 30, 2012, net	$	447,112		—			$	264,622		$	162,127		$	873,861
Additions	32,800			157,100			749			—			190,649
Amortization during period	(26,818		)	(7,565		)	(16,013		)	(7,106		)	(57,502		)
Effect of translation	(3,276		)	(698		)	(540		)	—			(4,514		)
Balance at June 30, 2013, net	$	449,818		$	148,837		$	248,818		$	155,021		$	1,002,494
Total Intangible Assets, net at June 30, 2013	$	990,357		$	478,680		$	461,846		$	238,521		$	2,169,404

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

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

	June 30, 2013			September 30, 2012
Technology Assets Subject to Amortization:
Gross balance	$	175,473		$	90,924
Accumulated amortization	(34,777		)	(22,768		)
Carrying value, net	$	140,696		$	68,156
Trade Names Subject to Amortization:
Gross balance	$	171,482		$	150,829
Accumulated amortization	(41,168		)	(28,347		)
Carrying value, net	$	130,314		$	122,482
Customer Relationships Subject to Amortization:
Gross balance	$	879,410		$	796,235
Accumulated amortization	(147,926		)	(113,012		)
Carrying value, net	$	731,484		$	683,223
Total Intangible Assets, net Subject to Amortization	$	1,002,494		$	873,861

Amortization of Intangible Assets [Table Text Block]

Amortization expense for the three and nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Proprietary technology amortization	$	4,470	$	2,411	$	12,009	$	6,721
Trade names amortization	4,264		3,509		12,162		9,788
Customer relationships amortization	11,611		10,181		33,331		30,041
	$	20,345	$	16,101	$	57,502	$	46,550

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Significant Accounting Policies Acquisition and Integration Costs (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	$ 7,747	$ 5,274	$ 40,558	$ 20,625
Russell Hobbs Merger [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Integration costs	695	1,573	2,630	6,766
Employee termination costs	(35)	840	224	3,356
Legal and professional fees	(78)	587	12	1,508
Acquisition and integration related charges	582	3,000	2,866	11,630
HHI Business [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Integration costs	1,615	0	5,292	0
Employee termination costs	13	0	103	0
Legal and professional fees	4,663	0	25,650	0
Acquisition and integration related charges	6,291	0	31,045	0
Shaser, Inc. [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	161	0	4,534	0
Series of Individually Immaterial Business Acquisitions [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	289	441	418	746
FURminator [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	372	1,738	1,605	6,337
Black Flag [Member]
Business Combination, Separately Recognized Transactions [Line Items]
Acquisition and integration related charges	$ 52	$ 95	$ 90	$ 1,912

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Derivative Financial Instruments

9 Months Ended

Jun. 30, 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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	21	$	985
Commodity contracts	Deferred charges and other	16		1,017
Foreign exchange contracts	Receivables—Other	5,197		1,194
Foreign exchange contracts	Deferred charges and  other	621		—
Total asset derivatives designated as hedging instruments under ASC 815		5,855		3,196
Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other	24		41
Total asset derivatives		$	5,879	$	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		June 30, 2013		September 30, 2012
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Accounts payable	$	1,174	$	9
Commodity contracts	Other long-term liabilities	79		—
Foreign exchange contracts	Accounts payable	126		3,063
Foreign exchange contracts	Other long-term  liabilities	13		—
Total liability derivatives designated as hedging instruments under ASC 815		$	1,392	$	3,072
Derivatives not designated as hedging instruments under ASC 815:
Commodity contract	Accounts payable	197		—
Foreign exchange contracts	Accounts payable	3,324		3,967
Foreign exchange contracts	Other long-term liabilities	1,078		2,926
Total liability derivatives		$	5,991	$	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 June 30, 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	$	(930	)	Cost of goods sold	$	(321	)	Cost of goods sold	$	11
Foreign exchange contracts	89			Net sales	313			Net sales	—
Foreign exchange contracts	4,034			Cost of goods sold	515			Cost of goods sold	—
Total	$	3,193			$	507			$	11

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the nine month period ended June 30, 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	$	(3,361	)	Cost of goods sold	$	(223	)	Cost of goods sold	$	(71	)
Foreign exchange contracts	755			Net sales	653			Net sales	—
Foreign exchange contracts	7,201			Cost of goods sold	(350		)	Cost of goods sold	—
Total	$	4,595			$	80			$	(71	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the three month period ended July 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	$	(2,368	)	Cost of goods sold	$	(120	)	Cost of goods sold	$	(6	)
Foreign exchange contracts	(395		)	Net sales	(129		)	Net sales	—
Foreign exchange contracts	5,973			Cost of goods sold	558			Cost of goods sold	—
Total	$	3,210			$	309			$	(6	)

The following table summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statement of Operations (Unaudited) for the nine month period ended July 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	$	(1,989	)	Cost of goods sold	$	(675	)	Cost of goods sold	$	8
Interest rate contracts	15			Interest expense	(864		)	Interest expense	—
Foreign exchange contracts	(61		)	Net sales	(339		)	Net sales	—
Foreign exchange contracts	2,426			Cost of goods sold	(1,336		)	Cost of goods sold	—
Total	$	391			$	(3,214	)		$	8

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 June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	477			7,941		Other expense, net
Total	$	280		$	7,941

During the nine month periods ended June 30, 2013 and July 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
Commodity contracts	$	(197	)	$	—	Cost of goods sold
Foreign exchange contracts	(1,834		)	11,734		Other expense, net
Total	$	(2,031	)	$	11,734

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 $36 and $46 at June 30, 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 June 30, 2013 and September 30, 2012, the Company had posted cash collateral of $450 and $50, respectively, related to such liability positions. In addition, at June 30, 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 June 30, 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 June 30, 2013, the Company had a series of foreign exchange derivative contracts outstanding through September 2014 with a contract value of $228,419. The derivative net gain on these contracts recorded in AOCI by the Company at June 30, 2013 was $4,138, net of tax expense of $1,541. At June 30, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $3,697, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. The Company hedges a portion of the risk associated with the purchase of 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 June 30, 2013, the Company had a series of zinc swap contracts outstanding through September 2014 for 10 tons with a contract value of $20,372. At June 30, 2013, the Company had a series of brass swap contracts outstanding through September 2014 for 1 ton with a contract value of $5,609. The derivative net loss on these contracts recorded in AOCI by the Company at June 30, 2013 was $1,068, net of tax benefit of $127. At June 30, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $1,010, 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 June 30, 2013 and September 30, 2012, the Company had $112,737 and $172,581, respectively, of notional value for such foreign exchange derivative contracts outstanding.

The Company periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in fair value of the hedge contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. At June 30, 2013, the Company had a series of such swap contracts outstanding through April 2014 for 60 troy ounces with a contract value of $1,189.

XML

Comprehensive Income (Loss)

9 Months Ended

Jun. 30, 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 nine month periods ended June 30, 2013 and July 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 nine month periods ended June 30, 2013 and July 1, 2012 are as follows:

	Three Months Ended						Nine Months Ended
	2013			2012			2013			2012
Foreign Currency Translation Adjustments:
Gross change before reclassification adjustment	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Net reclassification adjustment for (gains) losses included in earnings	—			—			—			—
Gross change after reclassification adjustment	(7,830		)	(34,148		)	(25,385		)	(30,538		)
Deferred tax effect	—			—			—			—
Deferred tax valuation allowance	—			—			—			—
Other Comprehensive Loss	$	(7,830	)	$	(34,148	)	$	(25,385	)	$	(30,538	)
Unrealized Gains (Losses) on Derivative Instruments:
Gross change before reclassification adjustment	$	3,193		$	3,210		$	4,595		$	391
Net reclassification adjustment for (gains) losses included in earnings	(507		)	(309		)	(80		)	3,214
Gross change after reclassification adjustment	2,686			2,901			4,515			3,605
Deferred tax effect	(450		)	(1,891		)	(1,566		)	(1,478		)
Deferred tax valuation allowance	(456		)	465			(91		)	243
Other Comprehensive Income	$	1,780		$	1,475		$	2,858		$	2,370
Defined Benefit Pension Plans:
Gross change before reclassification adjustment	$	(575	)	$	217		$	(2,164	)	$	539
Net reclassification adjustment for losses included in Cost of goods sold	326			152			979			320
Net reclassification adjustment for losses included in Selling expenses	41			19			122			40
Net reclassification adjustment for losses included in General and administrative expenses	152			71			456			148
Gross change after reclassification adjustment	(56		)	459			(607		)	1,047
Deferred tax effect	(38		)	(37		)	205			(94		)
Deferred tax valuation allowance	42			—			54			(29		)
Other Comprehensive (Loss) Income	$	(52	)	$	422		$	(348	)	$	924
Total Other Comprehensive Loss, net of tax	$	(6,102	)	$	(32,251	)	$	(22,875	)	$	(27,244	)

XML

Guarantor Financial Statements Guarantor Statement of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Cash Equivalents, at Carrying Value	$ 98,904		$ 98,904
Net sales	1,089,825	824,803	2,947,849	2,419,859
Cost of Goods Sold	706,053	531,069	1,949,332	1,575,803
Restructuring and related charges	13,245	3,896	27,736	15,890
Total operating expenses	266,700	196,306	756,151	601,017
Operating income	116,059	95,390	237,668	234,736
Gross profit	382,759	291,696	993,819	835,753
Interest expense	61,516	39,686	185,652	150,169
Selling Expense	165,178	129,851	464,961	391,522
General and Administrative Expense	70,057	50,726	196,077	157,493
Research and Development Expense	11,486	8,597	31,517	23,790
Acquisition and integration related charges	7,747	5,274	40,558	20,625
Other expense, net	2,613	2,224	7,941	2,225
Income from continuing operations before income taxes	51,930	53,480	44,075	82,342
Income Tax Expense (Benefit)	15,169	(5,371)	54,928	38,772
Net income (loss)	36,761	58,851	(10,853)	43,570
Less: Net income attributable to non-controlling interest	263	0	8	0
Net (loss) income	36,498	58,851	(10,861)	43,570
Cost of Sales [Member]
Restructuring and related charges	1,013	2,038	4,698	8,303
Operating Expense [Member]
Restructuring and related charges	12,232	1,858	23,038	7,587
Parent Company [Member]
Cash Equivalents, at Carrying Value	682		682
Parent [Member]
Net sales	138,746	149,130	466,600	489,068
Cost of Goods Sold	103,974	109,719	340,769	354,725
Total operating expenses	46,979	29,674	156,710	114,985
Operating income	(12,207)	9,737	(30,879)	19,358
Gross profit	34,772	39,411	125,831	134,343
Interest expense	55,686	35,204	168,808	136,257
Selling Expense	17,018	18,348	56,222	56,103
General and Administrative Expense	16,446	5,131	51,182	36,322
Research and Development Expense	4,806	5,000	13,330	13,600
Acquisition and integration related charges	5,294	1,055	32,099	7,364
Other expense, net	(87,536)	(66,677)	(170,869)	(150,859)
Income from continuing operations before income taxes	19,643	41,210	(28,818)	33,960
Income Tax Expense (Benefit)	(17,118)	(17,641)	(17,965)	(9,610)
Net income (loss)	36,761		(10,853)
Less: Net income attributable to non-controlling interest	263		8
Net (loss) income	36,498	58,851	(10,861)	43,570
Parent [Member] | Cost of Sales [Member]
Restructuring and related charges	0	0	0	0
Parent [Member] | Operating Expense [Member]
Restructuring and related charges	3,415	140	3,877	1,596
Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	2,732		2,732
Net sales	344,883	357,363	868,542	915,117
Cost of Goods Sold	226,763	239,647	590,325	638,757
Total operating expenses	64,255	67,906	184,328	194,773
Operating income	53,590	49,006	92,035	77,992
Gross profit	117,845	116,912	276,363	272,765
Interest expense	980	1,401	3,132	3,760
Selling Expense	37,834	40,096	107,418	115,730
General and Administrative Expense	20,108	21,435	56,660	58,881
Research and Development Expense	2,490	2,713	7,424	7,412
Acquisition and integration related charges	967	3,003	3,631	8,931
Other expense, net	(54,320)	(16,711)	(121,518)	(86,912)
Income from continuing operations before income taxes	106,930	64,316	210,421	161,144
Income Tax Expense (Benefit)	16,666	5,814	35,106	21,735
Net income (loss)	90,264		175,315
Less: Net income attributable to non-controlling interest	263		8
Net (loss) income	90,001	58,502	175,307	139,409
Guarantor Subsidiaries [Member] | Cost of Sales [Member]
Restructuring and related charges	275	804	1,854	3,595
Guarantor Subsidiaries [Member] | Operating Expense [Member]
Restructuring and related charges	2,856	659	9,195	3,819
Non-Guarantor Subsidiaries [Member]
Cash Equivalents, at Carrying Value	95,490		95,490
Net sales	870,895	433,024	2,256,031	1,411,931
Cost of Goods Sold	638,178	296,558	1,656,965	977,269
Total operating expenses	155,725	98,243	415,810	290,215
Operating income	76,254	36,989	180,412	139,739
Gross profit	231,979	135,232	596,222	429,954
Interest expense	4,847	3,078	13,705	10,150
Selling Expense	110,585	71,552	302,037	220,385
General and Administrative Expense	33,503	23,532	88,216	60,550
Research and Development Expense	4,190	884	10,763	2,778
Acquisition and integration related charges	1,486	1,216	4,828	4,330
Other expense, net	2,714	2,035	7,531	3,153
Income from continuing operations before income taxes	68,693	31,876	159,176	126,436
Income Tax Expense (Benefit)	15,637	6,333	38,419	26,690
Net income (loss)	53,056		120,757
Less: Net income attributable to non-controlling interest	263		8
Net (loss) income	52,793	25,543	120,749	99,746
Non-Guarantor Subsidiaries [Member] | Cost of Sales [Member]
Restructuring and related charges	738	1,234	2,844	4,708
Non-Guarantor Subsidiaries [Member] | Operating Expense [Member]
Restructuring and related charges	5,961	1,059	9,966	2,172
Consolidation, Eliminations [Member]
Cash Equivalents, at Carrying Value	0		0
Net sales	(264,699)	(114,714)	(643,324)	(396,257)
Cost of Goods Sold	(262,862)	(114,855)	(638,727)	(394,948)
Total operating expenses	(259)	483	(697)	1,044
Operating income	(1,578)	(342)	(3,900)	(2,353)
Gross profit	(1,837)	141	(4,597)	(1,309)
Interest expense	3	3	7	2
Selling Expense	(259)	(145)	(716)	(696)
General and Administrative Expense	0	628	19	1,740
Research and Development Expense	0	0	0	0
Acquisition and integration related charges	0	0	0	0
Other expense, net	141,755	83,577	292,797	236,843
Income from continuing operations before income taxes	(143,336)	(83,922)	(296,704)	(239,198)
Income Tax Expense (Benefit)	(16)	123	(632)	(43)
Net income (loss)	(143,320)		(296,072)
Less: Net income attributable to non-controlling interest	(526)		(16)
Net (loss) income	(142,794)	(84,045)	(296,056)	(239,155)
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

XML

Derivative Financial Instruments Balances in the Statement of Financial Position (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Sep. 30, 2012
Derivatives, Fair Value [Line Items]
Derivative Credit Risk Valuation Adjustment, Derivative Assets	$ 36	$ 46
Derivative Asset, Fair Value, Gross Asset	5,879	3,237
Derivative Liability, Fair Value, Gross Liability	5,991	9,965
Accumulated other comprehensive loss	(56,310)	(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	5,855	3,196
Derivative Liability, Fair Value, Gross Liability	1,392	3,072
Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	(1,010)
Accumulated other comprehensive loss	(1,068)
Accumulated Other Comprehensive Income, Tax Effect	(127)
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	21	985
Cash Flow Hedging [Member] | Commodity Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	1,174	9
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	79	0
Cash Flow Hedging [Member] | Commodity Contract [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	16	1,017
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive loss	4,138
Accumulated Other Comprehensive Income, Tax Effect	1,541
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	3,697
Derivative, Notional Amount	228,419
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	5,197	1,194
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	126	3,063
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	13	0
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	621	0
Fair Value Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	112,737	172,581
Fair Value Hedging [Member] | Foreign Exchange Contract [Member] | Accounts Payable [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	3,324	3,967
Fair Value Hedging [Member] | Foreign Exchange Contract [Member] | Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	1,078	2,926
Fair Value Hedging [Member] | Foreign Exchange [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	24	41
Zinc [Member] | Cash Flow Hedging [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Nonmonetary Notional Amount	10,000
Derivative, Notional Amount	$ 20,372

XML

Goodwill And Intangible Assets Schedule of Intangibles Subject to Amortization (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Sep. 30, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying value, net	$ 1,002,494		$ 1,002,494		$ 873,861
Additions			190,649
Amortization during period	(20,345)	(16,101)	(57,502)	(46,550)
Effect of translation			4,514
Intangible assets, net	2,169,404		2,169,404		1,714,929
Finite-Lived Intangible Assets, Average Annual Amortization Expense, Next 5 Years			78,500
Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross balance	175,473		175,473		90,924
Accumulated amortization	(34,777)		(34,777)		(22,768)
Carrying value, net	140,696		140,696		68,156
Amortization during period	(4,470)	(2,411)	(12,009)	(6,721)
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross balance	171,482		171,482		150,829
Accumulated amortization	(41,168)		(41,168)		(28,347)
Carrying value, net	130,314		130,314		122,482
Amortization during period	(4,264)	(3,509)	(12,162)	(9,788)
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross balance	879,410		879,410		796,235
Accumulated amortization	(147,926)		(147,926)		(113,012)
Carrying value, net	731,484		731,484		683,223
Amortization during period	(11,611)	(10,181)	(33,331)	(30,041)
Home and Garden Business [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying value, net	155,021		155,021		162,127
Additions			0
Amortization during period			(7,106)
Effect of translation			0
Intangible assets, net	238,521		238,521
Home and Garden Business [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life				20 years
Global Batteries & Appliances [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying value, net	449,818		449,818		447,112
Additions			32,800
Amortization during period			(26,818)
Effect of translation			3,276
Intangible assets, net	990,357		990,357
Hardware & Home Improvement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying value, net	148,837		148,837		0
Additions			157,100
Amortization during period			(7,565)
Effect of translation			698
Intangible assets, net	478,680		478,680
Global Pet Supplies [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Carrying value, net	248,818		248,818		264,622
Additions			749
Amortization during period			(16,013)
Effect of translation			540
Intangible assets, net	$ 461,846		$ 461,846
Global Pet Supplies [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years
Global Pet Supplies [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life				20 years
Minimum [Member] | Global Batteries & Appliances [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			9 years
Minimum [Member] | Global Batteries & Appliances [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			1 year
Minimum [Member] | Global Batteries & Appliances [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years
Minimum [Member] | Hardware & Home Improvement [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			8 years
Minimum [Member] | Hardware & Home Improvement [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			5 years
Minimum [Member] | Global Pet Supplies [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years
Maximum [Member] | Global Batteries & Appliances [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			17 years
Maximum [Member] | Global Batteries & Appliances [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			12 years
Maximum [Member] | Global Batteries & Appliances [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			20 years
Maximum [Member] | Hardware & Home Improvement [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			9 years
Maximum [Member] | Hardware & Home Improvement [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			8 years
Maximum [Member] | Hardware & Home Improvement [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			20 years
Maximum [Member] | Global Pet Supplies [Member] | Technology Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			9 years

XML

Fair Value Of Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements, Nonrecurring [Table Text Block]

The Company’s net derivative portfolio as of June 30, 2013, contains Level 2 instruments and consists of commodity and foreign exchange contracts. The fair values of these instruments as of June 30, 2013 were as follows:

	Level 1		Level 2			Level 3		Total
Assets:
Foreign exchange contracts, net	$	—	$	1,301		$	—	$	1,301
Total Assets, net	$	—	$	1,301		$	—	$	1,301
Liabilities:
Commodity contracts, net	$	—	$	(1,413	)	$	—	$	(1,413	)
Total Liabilities, net	$	—	$	(1,413	)	$	—	$	(1,413	)

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):

	June 30, 2013						September 30, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(3,226,054	)	$	(3,395,679	)	$	(1,669,300	)	$	(1,804,831	)
Commodity swap and option agreements	(1,413		)	(1,413		)	1,993			1,993
Foreign exchange forward agreements	1,301			1,301			(8,721		)	(8,721		)

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Restructuring And Related Charges Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 13,245	$ 3,896	$ 27,736	$ 15,890
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,013	2,038	4,698	8,303
Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	12,232	1,858	23,038	7,587
Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	5,868		5,868		4,347
Provisions			5,644
Cash expenditures			(4,158)
Other Restructuring Costs			8,983
Non-cash items			35
Restructuring and related charges	2,981	3,768	14,627	15,070
Restructuring and related charges since initiative inception			97,646
Total future restructuring and related charges expected			6,787
Total Expected Restructuring Costs	104,500		104,500
Fiscal 2013 Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	6,638		6,638		0
Provisions			6,751
Cash expenditures			(99)
Other Restructuring Costs			1,125
Non-cash items			(14)
Restructuring and related charges	7,876		7,876
Restructuring and related charges since initiative inception			7,876
Total future restructuring and related charges expected			2,547
Total Expected Restructuring Costs	10,500		10,500
HHI Business [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2,342		5,023
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	46	128	210	820
Global Batteries & Appliances [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	93	1,205	907	4,679
Global Batteries & Appliances [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	8,201	640	10,556	2,283
Global Batteries & Appliances [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			4,589
Restructuring and related charges since initiative inception			25,398
Total future restructuring and related charges expected			693
Global Batteries & Appliances [Member] | Fiscal 2013 Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			6,922
Restructuring and related charges since initiative inception			6,922
Total future restructuring and related charges expected			2,297
Hardware & Home Improvement [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	644	0	1,772	0
Hardware & Home Improvement [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,698	0	3,251	0
Global Pet Supplies [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	276	833	2,019	3,624
Global Pet Supplies [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,165	883	7,501	3,276
Global Pet Supplies [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			9,520
Restructuring and related charges since initiative inception			46,519
Total future restructuring and related charges expected			5,085
Home and Garden Business [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	151	192	518	1,163
Home and Garden Business [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			518
Restructuring and related charges since initiative inception			18,138
Total future restructuring and related charges expected			1,009
Corporate [Member] | Operating Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	1,017	143	1,212	865
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
Corporate [Member] | Fiscal 2013 Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges			954
Restructuring and related charges since initiative inception			954
Total future restructuring and related charges expected			250
Termination Benefits [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	5,562		5,562		3,252
Provisions			5,418
Cash expenditures			(3,103)
Other Restructuring Costs			1,183
Non-cash items			(5)
Termination Benefits [Member] | Fiscal 2013 Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	6,638		6,638		0
Provisions			6,751
Cash expenditures			(99)
Other Restructuring Costs			798
Non-cash items			(14)
Other Restructuring [Member] | Global Cost Reduction Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	306		306		1,095
Provisions			226
Cash expenditures			(1,055)
Other Restructuring Costs			7,800
Non-cash items			40
Other Restructuring [Member] | Fiscal 2013 Initiative [Member]
Restructuring Cost and Reserve [Line Items]
Accrual balance	0		0		0
Provisions			0
Cash expenditures			0
Other Restructuring Costs			327
Non-cash items			$ 0

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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 nine month periods ended June 30, 2013 were 29% and 125%, respectively. The Company's effective tax rates for the three and nine month periods ended July 1, 2012 were (10)% and 47%, 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 $49,291 as a result of the HHI Business acquisition during the nine months ended June 30, 2013, and $13,915 as a result of the FURminator acquisition during the nine month period ended July 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 June 30, 2013 and September 30, 2012, the Company had $8,968 and $5,877, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3,787 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 consolidated financial statements as part of income tax expense.

As of June 30, 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

9 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt

DEBT

Debt consists of the following:

	June 30, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
Term Loan, due December 17, 2019	$	757,457		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	69,500			2.1	%	—		4.3	%
Other notes and obligations	32,966			8.3	%	18,059		10.9	%
Capitalized lease obligations	29,861			6.2	%	26,683		6.2	%
	$	3,229,784				$	1,664,917
Original issuance (discounts) premiums on debt	(3,730		)			4,383
Less: current maturities	40,783					16,414
Long-term debt	$	3,185,271				$	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 nine month period ended June 30, 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 $201 and $19,328 of fees during the three and nine month periods ended June 30, 2013, respectively, of which $16,907 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 nine month period ended June 30, 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 $3 and $12,906 of fees in connection with the offering of the 6.375% Notes during the three and nine month periods ended June 30, 2013, respectively, and $4 and $14,127 of fees in connection with the offering of the 6.625% Notes during the three and nine month periods ended June 30, 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 nine month period ended June 30, 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 $98 and $206 of fees during the three and nine month periods ended June 30, 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 remaining life of the ABL Facility.

As a result of borrowings and payments under the ABL Facility, at June 30, 2013, the Company had aggregate borrowing availability of approximately $228,055, net of lender reserves of $7,942 and outstanding letters of credit of $38,491.

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Commitments And Contingencies

9 Months Ended

Jun. 30, 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 $5,126, 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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Segment Results

9 Months Ended

Jun. 30, 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, excluding the TLM Business, since December 17, 2012 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The results of the TLM Business operations since April 8, 2013 are included in the Company's Condensed Consolidated Statement of Operations (Unaudited). The financial results related to the HHI Business 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 nine month periods ended June 30, 2013 and July 1, 2012 is as follows:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Net sales to external customers
Consumer batteries	$	207,339	$	211,198	$	678,067	$	684,277
Small appliances	168,744		173,140		543,451		575,630
Electric shaving and grooming	61,742		62,860		207,978		214,979
Electric personal care	53,776		53,526		196,747		195,087
Global Batteries & Appliances	491,601		500,724		1,626,243		1,669,973
Global Pet Supplies	156,440		157,495		456,639		448,962
Home and Garden Business	156,568		166,584		289,091		300,924
Hardware & Home Improvement	285,216		—		575,876		—
Total segments	$	1,089,825	$	824,803	$	2,947,849	$	2,419,859
	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Segment profit
Global Batteries & Appliances	$	44,904	$	47,093	$	181,696	$	185,726
Global Pet Supplies	26,560		22,470		62,833		57,778
Home and Garden Business	43,117		44,224		59,648		60,509
Hardware & Home Improvement	42,963		—		46,483		—
Total segments	157,544		113,787		350,660		304,013
Corporate expense	20,493		9,227		44,698		32,762
Acquisition and integration related charges	7,747		5,274		40,558		20,625
Restructuring and related charges	13,245		3,896		27,736		15,890
Interest expense	61,516		39,686		185,652		150,169
Other expense, net	2,613		2,224		7,941		2,225
Income from continuing operations before income taxes	$	51,930	$	53,480	$	44,075	$	82,342

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, net and resulted in a $1,953 reduction to the Company's pretax income during the nine month period ended June 30, 2013.

	June 30, 2013		September 30, 2012
Segment total assets
Global Batteries & Appliances	$	2,213,741	$	2,243,472
Global Pet Supplies	959,282		956,043
Home and Garden Business	542,525		508,083
Hardware & Home Improvement	1,787,178		—
Total segment assets	5,502,726		3,707,598
Corporate	37,946		45,913
Total assets at period end	$	5,540,672	$	3,753,511

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Document And Entity Information	9 Months Ended
	Jun. 30, 2013	Aug. 07, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Period Focus	Q3
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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Restructuring And Related Charges

9 Months Ended

Jun. 30, 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 nine month periods ended June 30, 2013 and July 1, 2012:

	Three Months Ended				Nine Months Ended
	2013		2012		2013		2012
Cost of goods sold:
Global Batteries & Appliances	$	93	$	1,205	$	907	$	4,679
Hardware & Home Improvement	644		—		1,772		—
Global Pet Supplies	276		833		2,019		3,624
Total restructuring and related charges in cost of goods sold	1,013		2,038		4,698		8,303
Operating expenses:
Global Batteries & Appliances	8,201		640		10,556		2,283
Hardware & Home Improvement	1,698		—		3,251		—
Global Pet Supplies	1,165		883		7,501		3,276
Home and Garden Business	151		192		518		1,163
Corporate	1,017		143		1,212		865
Total restructuring and related charges in operating expenses	12,232		1,858		23,038		7,587
Total restructuring and related charges	$	13,245	$	3,896	$	27,736	$	15,890

Global Expense Rationalization Initiatives Summary

During the third quarter of the fiscal year ending September 30, 2013, the Company implemented a series of initiatives throughout the Company to reduce operating costs (the “Global Expense Rationalization Initiatives”). These initiatives consist of headcount reductions in the Global Batteries & Appliances segment and Corporate. Costs associated with these initiatives, which are expected to be incurred through December 31, 2014, are currently projected to total approximately $10,500.

The Company recorded $7,876 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, and no pretax restructuring and related charges during the three and nine month periods ended July 1, 2012, related to the Global Cost Reduction Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Expense Rationalization Initiatives and the activity during the nine month period ended June 30, 2013:

	Termination Benefits			Other Costs		Total
Accrual balance at September 30, 2012	$	—		$	—	$	—
Provisions	6,751			—		6,751
Cash expenditures	(99		)	—		(99		)
Non-cash items	(14		)	—		(14		)
Accrual balance at June 30, 2013	$	6,638		$	—	$	6,638
Expensed as incurred (A)	$	798		$	327	$	1,125

 ______________________________

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

The following table summarizes the expenses incurred during the nine month period ended June 30, 2013, the cumulative amount incurred to date and the total future expected costs to be incurred associated with the Global Expense Rationalization Initiatives by operating segment:

	Global Batteries & Appliances		Corporate		Total
Restructuring and related charges during the nine month period ended June 30, 2013	$	6,922	$	954	$	7,876
Restructuring and related charges since initiative inception	$	6,922	$	954	$	7,876
Total future restructuring and related charges expected	$	2,297	$	250	$	2,547

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 $104,500.

The Company recorded $2,981 and $14,627 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, and $3,768 and $15,070 of pretax restructuring and related charges during the three and nine month periods ended July 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 nine month period ended June 30, 2013:

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	5,418			226			5,644
Cash expenditures	(3,103		)	(1,055		)	(4,158		)
Non-cash items	(5		)	40			35
Accrual balance at June 30, 2013	$	5,562		$	306		$	5,868
Expensed as incurred (A)	$	1,183		$	7,800		$	8,983

 ______________________________

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

The following table summarizes the expenses incurred during the nine month period ended June 30, 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 nine month period ended June 30, 2013	$	4,589	$	9,520	$	518	$	—	$	14,627
Restructuring and related charges since initiative inception	$	25,398	$	46,519	$	18,138	$	7,591	$	97,646
Total future restructuring and related charges expected	$	693	$	5,085	$	1,009	$	—	$	6,787

The Company recorded $2,342 and $5,023 of restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, 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 $210 of pretax restructuring and related charges during the three and nine month periods ended June 30, 2013, respectively, and $128 and $820 of pretax restructuring and related charges during the three and nine month periods ended July 1, 2012, respectively.

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Acquisitions Purchase Accounting Summary (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended					3 Months Ended		9 Months Ended				3 Months Ended		9 Months Ended				9 Months Ended			9 Months Ended			9 Months Ended		9 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Apr. 08, 2013	Nov. 08, 2012	Sep. 30, 2012	Jun. 30, 2013 HHI Business [Member]	Jul. 01, 2012 HHI Business [Member]	Jun. 30, 2013 HHI Business [Member]	Jul. 01, 2012 HHI Business [Member]	Apr. 08, 2013 HHI Business [Member]	Dec. 17, 2012 HHI Business [Member]	Jun. 30, 2013 Shaser, Inc. [Member]	Jul. 01, 2012 Shaser, Inc. [Member]	Jun. 30, 2013 Shaser, Inc. [Member]	Jul. 01, 2012 Shaser, Inc. [Member]	Dec. 17, 2012 Shaser, Inc. [Member]	Nov. 08, 2012 Shaser, Inc. [Member]	Jun. 30, 2013 Technology Assets [Member] Shaser, Inc. [Member]	Jun. 30, 2013 Licensing Agreements [Member] HHI Business [Member]	Dec. 17, 2012 Licensing Agreements [Member] HHI Business [Member]	Jun. 30, 2013 Customer Relationships [Member] HHI Business [Member]	Jun. 30, 2013 Trade Names [Member] HHI Business [Member]	Dec. 17, 2012 Trade Names [Member] HHI Business [Member]	Jun. 30, 2013 Patented Technology [Member] HHI Business [Member]	Dec. 17, 2012 Patented Technology [Member] HHI Business [Member]	Jun. 30, 2013 Patented Technology [Member] Shaser, Inc. [Member]	Jun. 30, 2013 Minimum [Member] Customer Relationships [Member] HHI Business [Member]	Jun. 30, 2013 Minimum [Member] Trade Names [Member] HHI Business [Member]	Jun. 30, 2013 Maximum [Member] Customer Relationships [Member] HHI Business [Member]	Jun. 30, 2013 Maximum [Member] Trade Names [Member] HHI Business [Member]	Jun. 30, 2013 Customer Relationships [Member] Minimum [Member] HHI Business [Member]	Jun. 30, 2013 Customer Relationships [Member] Maximum [Member] HHI Business [Member]	Jun. 30, 2013 Patented Technology [Member] Shaser, Inc. [Member]	Jun. 30, 2013 Patented Technology [Member] Minimum [Member] HHI Business [Member]	Jun. 30, 2013 Patented Technology [Member] Maximum [Member] HHI Business [Member]	Jun. 30, 2013 Licensing Agreements [Member] HHI Business [Member]	Jun. 30, 2013 Licensing Agreements [Member] Minimum [Member] HHI Business [Member]	Jun. 30, 2013 Licensing Agreements [Member] Maximum [Member] HHI Business [Member]	Jun. 30, 2013 Trade Names [Member] HHI Business [Member]	Jun. 30, 2013 Trade Names [Member] Minimum [Member] HHI Business [Member]	Jun. 30, 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]	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, Current Assets, Receivables												11	109,029																																		104,641
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets										4,377
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory												1,135	205,902																																		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												2,148	11,299																																		13,311
Business Combination, Provisional Information, Initital Accounting Incomplete, Adjustments, Prepaid Expenses and Other										(4,160)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment										(5,147)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Other Long-term Assets										0						0
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable												0	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												0	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																			(423)																										(10,738)
Payments to Acquire Businesses, Net of Cash Acquired										(1,351,008)	0					(42,510)	0
Business Acquisition, Purchase Price Allocation, Current Assets, Cash and Cash Equivalents												843	24,085																																	870	17,406	870
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles																																														32,800		35,500
Inventories	707,340		707,340				452,633
Property, plant and equipment												36,750	136,105																																		104,502
Intangible assets, net												17,100	487,100																																		470,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles										0						(2,700)
Other assets												124	3,175																																	2,679	3,051	2,679
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets					58,111								976,695																																	36,349	920,071	39,049
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Total Assets Acquired										(1,487)				(2,700)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities																																														13,436		14,398
Total assets	5,540,672		5,540,672				3,753,511
Current liabilities												241	37,900																																		37,530
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Accrued Liabilities										129
Deferred income taxes												8,089																																			11,231
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities					10,260								318,023																																		290,690
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Total Liabilities Assumed										17,073						(962)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					47,851								658,672																																	22,913	629,381	24,651
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments, Net Assets Acquired										(18,560)				(1,738)
Business Acquisition, Purchase Price Allocation, Goodwill Amount												45,649	720,890																																	65,618	662,116	63,880
Non-controlling interest	50,932		50,932			38,954	0
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest												0	(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												1,930	117,815																																		104,708
Customer Relationships Subject to Amortization, Gross													90,000
Trade names Not Subject to Amortization	1,166,910		1,166,910				841,068						330,000
Finite-Lived Trade Names, Gross																									4,100
Finite-Lived License Agreements, Gross																						12,000
Patents Subject to Amortization, Gross																		32,800									51,000
Fair Value Input, Royalty Rate																				10.50%										1.00%		3.50%	2.50%	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%	17.00%	17.00%	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	1,089,825	824,803	2,947,849	2,419,859
Business Acquisition, Pro Forma Revenue	1,089,825	1,077,807	3,139,626	3,136,721				0	253,004	191,777	716,862
Net (loss) income	36,498	58,851	(10,861)	43,570
Net income (loss)	36,761	58,851	(10,853)	43,570
Business Acquisition, Pro Forma Net Income (Loss)	36,761	85,516	(5,911)	93,163				0	26,665	4,942	49,593
Valuation Allowance, Deferred Tax Asset, Change in Amount			49,291	13,915
Acquisition and integration related charges	7,747	5,274	40,558	20,625
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, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities													17,152
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Equity Interests										(2,234)						0
Goodwill, Purchase Accounting Adjustments										13,125						1,738
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net					93,500								1,375,093																																	49,577	1,289,262	49,577
Business Combination, Acquisition and Integration Related Costs	7,747	5,274	40,558	20,625				6,291	0	31,045	0			161	0	4,534	0
Deferred Tax Liabilities, Net													124,864
Payments to Acquire Businesses, Gross			1,375,093													43,380
Business Acquisition, Transaction Costs													1,281,593
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred								$ 0		$ (7,669)

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Commitments And Contingencies Environmental Reserves (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
Accrual for Environmental Loss Contingencies	$ 5,126