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Goodwill And Intangible Assets
3 Months Ended
Jan. 01, 2012
Goodwill And Intangible Assets [Abstract]  
Goodwill And Intangible Assets

5 GOODWILL AND INTANGIBLE ASSETS

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

 

     Global Batteries &
Appliances
    Global Pet
Supplies
    Home and
Garden
Business
     Total  

Goodwill:

         

Balance at September 30, 2011

   $ 268,148      $ 170,285      $ 171,905       $ 610,338   

Additions

     —          68,531        15,852         84,383   

Effect of translation

     (2,224     (2,214     —           (4,438
  

 

 

   

 

 

   

 

 

    

 

 

 

Balance at January 1, 2012

   $ 265,924      $ 236,602      $ 187,757       $ 690,283   
  

 

 

   

 

 

   

 

 

    

 

 

 

Intangible Assets:

         

Trade names Not Subject to Amortization

         

Balance at September 30, 2011

   $ 545,804      $ 205,491      $ 75,500       $ 826,795   

Additions

     —          14,000        8,000         22,000   

Effect of translation

     (3,792     (4,481     —           (8,273
  

 

 

   

 

 

   

 

 

    

 

 

 

Balance at January 1, 2012

   $ 542,012      $ 215,010      $ 83,500       $ 840,522   
  

 

 

   

 

 

   

 

 

    

 

 

 

Intangible Assets Subject to Amortization

         

Balance at September 30, 2011, net

   $ 481,473      $ 219,243      $ 156,398       $ 857,114   

 

     Global Batteries &
Appliances
    Global Pet
Supplies
    Home and
Garden
Business
    Total  

Additions

           65,118        17,000        82,118   

Amortization during period

     (8,223     (4,071     (2,334     (14,628

Effect of translation

     (3,352     (2,558     —          (5,910
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at January 1, 2012, net

   $ 469,898      $ 277,732      $ 171,064      $ 918,694   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Intangible Assets, net at January 1, 2012

   $ 1,011,910      $ 492,742      $ 254,564      $ 1,759,216   
  

 

 

   

 

 

   

 

 

   

 

 

 

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names, which were recognized as a result of fresh-start reporting upon the Company's emergence from bankruptcy during the fiscal year ended September 30, 2009, the Merger and other acquisitions. The useful life of the Company's intangible assets subject to amortization are 4-9 years for technology assets related to the Global Pet Supplies segment, 9 to 17 years for technology assets associated with the Global Batteries & Appliances segment, 15 to 20 years for customer relationships of the Global Batteries & Appliances segment, 20 years for customer relationships of the Home and Garden Business and Global Pet Supplies segments, 12 years for a trade name within the Global Batteries & Appliances segment and 4 years for a trade name within the Home and Garden Business segment.

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

 

     January 1,
2012
    September 30,
2011
 

Technology Assets Subject to Amortization:

    

Gross balance

   $ 90,923      $ 71,805   

Accumulated amortization

     (15,532     (13,635
  

 

 

   

 

 

 

Carrying value, net

   $ 75,391      $ 58,170   
  

 

 

   

 

 

 

Trade Names Subject to Amortization:

    

Gross balance

   $ 149,700      $ 149,700   

Accumulated amortization

     (19,460     (16,320
  

 

 

   

 

 

 

Carrying value, net

   $ 130,240      $ 133,380   
  

 

 

   

 

 

 

Customer Relationships Subject to Amortization:

    

Gross balance

   $ 795,292      $ 738,937   

Accumulated amortization

     (82,229     (73,373
  

 

 

   

 

 

 

Carrying value, net

   $ 713,063      $ 665,564   
  

 

 

   

 

 

 

Amortization expense for the three month periods ended January 1, 2012 and January 2, 2011 is as follows:

 

 

     Three Months  
     2012      2011  

Proprietary technology amortization

   $ 1,897       $ 1,649   

Customer relationships amortization

     9,591         9,530   

Trade names amortization

     3,140         3,140   
  

 

 

    

 

 

 
   $ 14,628       $ 14,319   
  

 

 

    

 

 

 

The Company estimates annual amortization expense of intangible assets for the next five fiscal years will approximate $62,700 per year.