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Segment Results
6 Months Ended
Apr. 01, 2012
Segment Results [Abstract]  
Segment Results

11 SEGMENT RESULTS

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

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

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

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

Segment information for the three and six month periods ended April 1, 2012 and April 3, 2011 is as follows:

 

     Three Months      Six Months  
     2012      2011      2012      2011  

Net sales from external customers

           

Global Batteries & Appliances

   $ 480,069       $ 459,392       $ 1,169,249       $ 1,155,964   

Global Pet Supplies

     156,529         144,222         291,467         281,267   

Home and Garden Business

     109,687         90,271         134,340         117,721   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total segments

   $ 746,285       $ 693,885       $ 1,595,056       $ 1,554,952   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

 

     Three Months     Six Months  
     2012     2011     2012      2011  

Segment profit

         

Global Batteries & Appliances

   $ 40,427      $ 41,682      $ 138,632       $ 134,982   

Global Pet Supplies

     19,248        18,472        35,309         34,711   

Home and Garden Business

     22,204        14,917        16,285         8,087   
  

 

 

   

 

 

   

 

 

    

 

 

 

Total segments

     81,879        75,071        190,226         177,780   

Corporate expense

     14,396        15,086        23,535         26,494   

Acquisition and integration related charges

     7,751        7,588        15,351         24,043   

Restructuring and related charges

     4,269        5,147        11,994         10,712   

Interest expense

     69,273        72,431        110,483         125,525   

Other (income) expense, net

     (2,192     (287     1         602   
  

 

 

   

 

 

   

 

 

    

 

 

 

(Loss) income from continuing operations before income taxes

   $ (11,618   $ (24,894   $ 28,862       $ (9,596
  

 

 

   

 

 

   

 

 

    

 

 

 

 

 

     April 1, 2012      September 30, 2011  

Segment total assets

     

Global Batteries & Appliances

   $ 2,215,887       $ 2,275,076   

Global Pet Supplies

     986,099         828,202   

Home and Garden Business

     595,771         476,381   
  

 

 

    

 

 

 

Total segment assets

     3,797,757         3,579,659   

Corporate

     52,624         42,604   
  

 

 

    

 

 

 

Total assets at period end

   $ 3,850,381       $ 3,622,263