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Document and Entity Information
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9 Months Ended | |
|---|---|---|
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Jul. 01, 2012
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Aug. 06, 2012
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| Document and Entity Information [Abstract] | ||
| Entity Registrant Name | HARBINGER GROUP INC. | |
| Entity Central Index Key | 0000109177 | |
| Document Type | 10-Q | |
| Document Period End Date | Jul. 01, 2012 | |
| Amendment Flag | false | |
| Document Fiscal Year Focus | 2012 | |
| Document Fiscal Period Focus | Q3 | |
| Current Fiscal Year End Date | --09-30 | |
| Entity Filer Category | Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 140,166,935 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
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Sep. 30, 2011
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| ASSETS | |||||
| Cash and cash equivalents | $ 1,832,826 | $ 1,137,359 | |||
| Investments: | |||||
| Total assets | 24,581,349 | 23,590,888 | [1] | ||
| LIABILITIES AND EQUITY | |||||
| Total liabilities | 22,983,734 | 21,925,312 | [1] | ||
| Commitments and contingencies | [1] | ||||
| Temporary equity: | |||||
| Redeemable preferred stock | 313,450 | 292,437 | [1] | ||
| Harbinger Group Inc. stockholders' equity: | |||||
| Common stock | 1,402 | 1,393 | [1] | ||
| Additional paid-in capital | 854,776 | 872,683 | [1] | ||
| Accumulated deficit | (257,259) | (128,083) | [1] | ||
| Accumulated other comprehensive income | 253,812 | 149,448 | [1] | ||
| Total Harbinger Group Inc. stockholders' equity | 852,731 | 895,441 | [1] | ||
| Noncontrolling interest | 431,434 | 477,698 | [1] | ||
| Total permanent equity | 1,284,165 | 1,373,139 | [1] | ||
| Total liabilities and equity | 24,581,349 | 23,590,888 | [1] | ||
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Consumer Products and Other:
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|||||
| ASSETS | |||||
| Cash and cash equivalents | 262,261 | 321,352 | [1] | ||
| Short-term investments | 204,241 | 350,638 | [1] | ||
| Receivables, net | 428,440 | 394,283 | [1] | ||
| Inventories, net | 552,515 | 434,630 | [1] | ||
| Prepaid expenses and other current assets | 85,460 | 143,654 | [1] | ||
| Total current assets | 1,532,917 | 1,644,557 | [1] | ||
| Properties, net | 208,888 | 206,799 | [1] | ||
| Goodwill | 688,045 | 610,338 | [1] | ||
| Intangibles, net | 1,716,977 | 1,683,909 | [1] | ||
| Deferred charges and other assets | 94,454 | 97,324 | [1] | ||
| Total assets consumer products and other | 4,241,281 | 4,242,927 | [1] | ||
| LIABILITIES AND EQUITY | |||||
| Current portion of long-term debt | 28,251 | 16,090 | [1] | ||
| Accounts payable | 251,932 | 328,635 | [1] | ||
| Accrued and other current liabilities | 251,820 | 317,629 | [1] | ||
| Total current liabilities | 532,003 | 662,354 | [1] | ||
| Long-term debt | 2,296,404 | 2,032,690 | [1] | ||
| Equity conversion feature of preferred stock | 199,360 | 75,350 | [1] | ||
| Employee benefit obligations | 80,353 | 89,857 | [1] | ||
| Deferred tax liabilities | 369,444 | 338,679 | [1] | ||
| Other liabilities | 30,188 | 44,957 | [1] | ||
| Total liabilities consumer products and other | 3,507,752 | 3,243,887 | [1] | ||
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Insurance and Financial Services:
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| ASSETS | |||||
| Cash and cash equivalents | 1,570,565 | 816,007 | [1] | ||
| Investments: | |||||
| Fixed maturities, available-for-sale, at fair value | 15,069,952 | 15,367,474 | [1] | ||
| Equity securities, available-for-sale, at fair value | 242,264 | 287,043 | [1] | ||
| Derivative investments | 160,565 | 52,335 | [1] | ||
| Asset-backed loans and other invested assets | 92,424 | 44,279 | [1] | ||
| Total investments | 15,565,205 | 15,751,131 | [1] | ||
| Accrued investment income | 183,453 | 212,848 | [1] | ||
| Reinsurance recoverable | 2,326,425 | 1,612,036 | [1] | ||
| Intangibles, net | 410,879 | 457,167 | [1] | ||
| Deferred tax assets | 131,937 | 207,729 | [1] | ||
| Other assets | 151,604 | 291,043 | [1] | ||
| Total assets insurance | 20,340,068 | 19,347,961 | [1] | ||
| LIABILITIES AND EQUITY | |||||
| Contractholder funds | 15,285,816 | 14,549,970 | [1] | ||
| Future policy benefits | 3,602,729 | 3,598,208 | [1] | ||
| Liability for policy and contract claims | 113,192 | 56,650 | [1] | ||
| Note payable | 95,000 | [1] | |||
| Other liabilities | 474,245 | 381,597 | [1] | ||
| Total liabilities insurance | $ 19,475,982 | $ 18,681,425 | [1] | ||
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- Definition
Assets consumer products and other. No definition available.
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- Definition
Assets insurance. No definition available.
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- Definition
Sum of the carrying amounts of deferred costs that are expected to be recognized as a charge against earnings in periods after one year or beyond the normal operating cycle, if longer and the aggregate carrying amount of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year ( or the normal operating cycle, if longer). No definition available.
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- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
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- Definition
Intangible assets net excluding goodwill insurance. No definition available.
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- Definition
Liabilities Consumer Products and Other. No definition available.
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- Definition
Liabilities Insurance. No definition available.
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- Definition
Other liabilities Insurance. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the known and estimated amounts payable as of the balance sheet date to policyholders pertaining to insured events for long-duration contracts, which can be viewed as either (a) the present value of future benefits to be paid to or on behalf of policyholders and expenses less the present value of future net premiums payable under the insurance contracts or (b) the accumulated amount of net premiums already collected less the accumulated amount of benefits and expenses already paid to or on behalf of policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of policy reserves (provided for future obligations including unpaid claims and claims adjustment expenses) and policy benefits (liability for future policy benefits) as of the balance sheet date; grouped amount of all the liabilities associated with the company's insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, this item represents investments in common and preferred stocks and other forms of securities that provide ownership interests in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, this item represents investments in debt securities having predetermined or determinable maturity dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total liability as of the balance sheet date of amounts due policy holders, excluding future policy benefits and claims, including unpaid policy dividends, retrospective refunds, and undistributed earnings on participating business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
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Jul. 01, 2012
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Jul. 03, 2011
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Jul. 01, 2012
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Jul. 03, 2011
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| Revenues: | |||||||
| Net investment income | $ 179,297 | $ 176,885 | $ 539,057 | $ 176,885 | |||
| Net investment gains (losses) | (12,906) | 1,228 | 254,616 | 1,228 | |||
| Total revenues | 1,012,160 | 1,034,290 | 3,283,863 | 2,589,241 | [1] | ||
| Operating costs and expenses: | |||||||
| Amortization of intangibles | 158,529 | 64,413 | |||||
| Total operating costs and expenses | 930,757 | 913,774 | 2,994,736 | 2,381,602 | [1] | ||
| Operating income | 81,403 | 120,516 | 289,127 | 207,639 | [1] | ||
| Interest expense | (54,447) | (51,904) | (194,417) | (192,650) | [1] | ||
| (Increase) decrease in fair value of equity conversion feature of preferred stock | (125,540) | 5,960 | (124,010) | 5,960 | [1] | ||
| Bargain purchase gain from business acquisition | 158,341 | 158,341 | [1] | ||||
| Gain on contingent purchase price reduction | 41,000 | ||||||
| Other income (expense), net | (17,446) | 1,126 | (25,947) | 1,089 | [1] | ||
| Income (loss) from continuing operations before income taxes | (116,030) | 234,039 | (14,247) | 180,379 | [1] | ||
| Income tax expense (benefit) | (5,855) | 3,720 | 50,605 | 63,906 | [1] | ||
| Net income (loss) | (110,175) | 230,319 | (64,852) | 116,473 | [1] | ||
| Less: Net income (loss) attributable to noncontrolling interest | 24,925 | 13,015 | 18,765 | (18,811) | [1] | ||
| Net income (loss) attributable to controlling interest | (135,100) | 217,304 | (83,617) | 135,284 | [1] | ||
| Less: Preferred stock dividends and accretion | 13,980 | 5,963 | 45,559 | 5,963 | [1] | ||
| Net income (loss) attributable to common and participating preferred stockholders | (149,080) | 211,341 | (129,176) | 129,321 | [1] | ||
| Net income (loss) per common share attributable to controlling interest: | |||||||
| Basic | $ (1.07) | $ 1.16 | $ (0.93) | $ 0.71 | [1] | ||
| Diluted | $ (1.07) | $ 1.16 | $ (0.93) | $ 0.71 | [1] | ||
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Consumer Products and Other:
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| Revenues: | |||||||
| Net sales | 824,803 | 804,635 | 2,419,859 | 2,359,586 | [1] | ||
| Operating costs and expenses: | |||||||
| Cost of goods sold | 533,107 | 510,941 | 1,584,106 | 1,511,215 | [1] | ||
| Selling, general and administrative expenses | 209,770 | 222,939 | 638,186 | 690,493 | [1] | ||
| Total operating costs and expenses Consumer Products and Other | 742,877 | 733,880 | 2,222,292 | 2,201,708 | [1] | ||
| Amortization of intangibles | 16,101 | 14,439 | 46,550 | 43,073 | |||
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Insurance and Financial Services:
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| Revenues: | |||||||
| Premiums | 12,044 | 25,118 | 42,170 | 25,118 | [1] | ||
| Net investment income | 179,297 | 176,885 | 539,057 | 176,885 | [1] | ||
| Net investment gains (losses) | (12,906) | 1,228 | 254,616 | 1,228 | [1] | ||
| Insurance and investment product fees and other | 8,922 | 26,424 | 28,161 | 26,424 | [1] | ||
| Total revenues insurance | 187,357 | 229,655 | 864,004 | 229,655 | [1] | ||
| Operating costs and expenses: | |||||||
| Benefits and other changes in policy reserves | 140,990 | 129,959 | 559,702 | 129,959 | [1] | ||
| Acquisition and operating expenses, net of deferrals | 20,010 | 28,595 | 100,763 | 28,595 | [1] | ||
| Amortization of intangibles | 26,880 | 21,340 | 111,979 | 21,340 | [1] | ||
| Total operating costs and expenses insurance | $ 187,880 | $ 179,894 | $ 772,444 | $ 179,894 | [1] | ||
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|||||||
| X | ||||||||||
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- Definition
Costs and expenses consumer products and other. No definition available.
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| X | ||||||||||
|
- Definition
Costs and expenses insurance. No definition available.
|
| X | ||||||||||
|
- Definition
Income from contingent purchase price reduction. No definition available.
|
| X | ||||||||||
|
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Revenues insurance. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
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- Definition
Amount of deferred policy acquisition costs charged to expense in the period, generally in proportion to related revenue earned, estimated gross profits, or over the customer relationship or some other period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
An amount that an insurer adds to a policy's premium, or deducts from a policy's cash value or contract holder's account, as compensation for services rendered; may include fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Provision for benefits, claims and claims settlement expenses incurred during the period net of the effects of contracts assumed and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of net investment income representing the noncash expenses charged against earnings in the period to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. No definition available.
|
| X | ||||||||||
|
- Definition
Asset-backed loans originated. No definition available.
|
| X | ||||||||||
|
- Definition
Total cash Transfers to the Company's reinsurer. No definition available.
|
| X | ||||||||||
|
- Definition
Mortality and expense charges and administrative fees. No definition available.
|
| X | ||||||||||
|
- Definition
Cost of trading securities acquired for resale. No definition available.
|
| X | ||||||||||
|
- Definition
Gain on contingent purchase price adjustment. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. No definition available.
|
| X | ||||||||||
|
- Definition
Total amount of non-cash restructuring, and related charges. No definition available.
|
| X | ||||||||||
|
- Definition
Proceeds from trading security sold. No definition available.
|
| X | ||||||||||
|
- Definition
Treasury stock purchases of subsidiary. No definition available.
|
| X | ||||||||||
|
- Definition
Write off of debt issuance costs on refinanced debt. No definition available.
|
| X | ||||||||||
|
- Definition
Write off of unamortized discount on refinanced debt. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the balance sheet value of capitalized sales costs that are associated with acquiring a new insurance customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The adjustment required to reconcile net income to cash provided by (used in) operations related to the unpaid portion of interest credited to policy owner accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash outflow in the form of ordinary dividends to preferred shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for the payment of other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the repayment of long-term borrowing where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in case of liquidation of the entity's assets or underlying collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Description of Business and Basis of Presentation
|
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
| Description of Business and Basis of Presentation [Abstract] | |
| Description of Business and Basis of Presentation |
(1) Description of Business and Basis of Presentation Harbinger Group Inc. (“HGI” and, collectively with its respective subsidiaries, the “Company”) is a diversified holding company, the outstanding common stock of which is 93.2% owned, collectively, by Harbinger Capital Partners Master Fund I, Ltd. (the “Master Fund”), Global Opportunities Breakaway Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, the “Principal Stockholders”), not giving effect to the conversion rights of the Series A Participating Convertible Preferred Stock (the “Series A Preferred Stock”) or the Series A-2 Participating Convertible Preferred Stock (the “Series A-2 Preferred Stock”, together the “Preferred Stock”). Such common stock ownership by the Principal Stockholders represents a voting interest of 68.8% in relation to the existing voting rights of all HGI’s common and preferred stockholders. HGI’s shares of common stock trade on the New York Stock Exchange (“NYSE”) under the symbol “HRG.” HGI is focused on obtaining controlling equity stakes in companies that operate across a diversified set of industries and growing acquired businesses. The Company has identified the following five indicative sectors in which it intends to pursue business opportunities: consumer products/retail, insurance and financial services, energy, natural resources and agriculture. The Company may also pursue business opportunities in other indicative sectors. In addition to acquiring controlling interests, HGI may make investments in debt instruments, acquire minority equity interests in companies and expand its operating businesses. The Company also owns 97.9% of Zap.Com Corporation (“Zap.Com”), a public shell company that may seek assets or businesses to acquire or may sell assets and/or liquidate. On January 7, 2011, HGI completed the acquisition (the “Spectrum Brands Acquisition”) of a controlling financial interest in Spectrum Brands Holdings, Inc., a Delaware corporation (“Spectrum Brands”), under the terms of a contribution and exchange agreement (the “Exchange Agreement”) with the Principal Stockholders. The Spectrum Brands Acquisition was considered a transaction between entities under common control and was accounted for similar to the pooling of interest method whereby the results of HGI and Spectrum Brands were retrospectively combined back to June 16, 2010, the date that common control was first established and, prior to that date, reflected only the results of Spectrum Brands, Inc. (“SBI”) as the Company’s accounting predecessor. As of July 1, 2012, the Company’s beneficial ownership of the outstanding common stock of Spectrum Brands was 57.5%. Spectrum Brands is a global branded consumer products company which trades on the NYSE under the symbol “SPB.” On April 6, 2011, the Company acquired Fidelity & Guaranty Life Holdings, Inc. (formerly, Old Mutual U.S. Life Holdings, Inc.), a Delaware corporation (“FGL”), from OM Group (UK) Limited (“OMGUK”). Such acquisition (the “FGL Acquisition”) was accounted for using the acquisition method of accounting. Accordingly, the results of FGL’s operations are reflected in the Company’s consolidated results of operations commencing April 6, 2011. FGL is a provider of annuity and life insurance products in the United States of America. As a result of the Spectrum Brands Acquisition and the FGL Acquisition, the Company currently operates in two major business segments, consumer products and, commencing April 6, 2011, insurance (see Note 18 for segment data). In addition, the Company recently formed Salus Capital Partners, LLC (“Salus”), a subsidiary engaged in providing secured asset-based loans to entities across a variety of industries. Commencing January 2, 2012, the financial position and results of operations of Salus are reflected in the “Insurance and Financial Services” sections of the condensed consolidated balance sheet and statements of operations, respectively, and as “Other financial services” in the segment data set forth in Note 18. The accompanying unaudited Condensed Consolidated Financial Statements of the Company included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), have been condensed or omitted pursuant to such rules and regulations. These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on December 14, 2011 (the “Form 10-K”). The results of operations for the nine months ended July 1, 2012 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending September 30, 2012. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Comprehensive Income (Loss)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Comprehensive Income (Loss) |
(2) Comprehensive Income (Loss) Comprehensive income (loss) and the components of other comprehensive income (loss), net of tax, are as follows:
Net gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries are accumulated, net of taxes and noncontrolling interest, in the “Accumulated other comprehensive income” (“AOCI”) section of HGI’s stockholders’ equity. Also included are the effects of exchange rate changes on intercompany balances of a long-term nature. The changes in accumulated foreign currency translation for the three and nine month periods ended July 1, 2012 and July 3, 2011 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. Net unrealized gains and losses on investment securities classified as available-for-sale are reduced by deferred income taxes and adjustments to intangible assets, including value of business acquired (“VOBA”) and deferred policy acquisition costs (“DAC”), that would have resulted had such gains and losses been realized. Changes in net unrealized gains and losses on investment securities classified as available-for-sale are recognized in other comprehensive income and loss. See Note 6 for additional disclosures regarding VOBA and DAC. |
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- Definition
The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Investments
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Jul. 01, 2012
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| Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments |
(3) Investments Consumer Products and Other HGI’s short-term investments consist of (1) marketable equity and debt securities classified as trading and carried at fair value with unrealized gains and losses recognized in earnings, including certain securities for which the Company has elected the fair value option under Accounting Standards Codification (“ASC”) Topic 825, Financial Instruments, which would otherwise have been classified as available-for-sale, and (2) U.S. Treasury securities and a certificate of deposit classified as held-to-maturity and carried at amortized cost, which approximates fair value. The Company’s short-term investments are summarized as follows:
Insurance and Financial Services FGL’s debt and equity securities have been designated as available-for-sale and are carried at fair value with unrealized gains and losses included in AOCI, net of associated VOBA, DAC and deferred income taxes. Investments of FGL and Salus at July 1, 2012 and September 30, 2011 are summarized as follows:
Included in AOCI were unrealized gains of $851 and $524 and unrealized losses of $1,880 and $24 related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities at July 1, 2012 and September 30, 2011, respectively.
The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations.
As part of FGL’s ongoing securities monitoring process, FGL evaluates whether securities in an unrealized loss position could potentially be other-than-temporarily impaired. Excluding the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage backed securities above, FGL has concluded that the fair values of the securities presented in the table below were not other-than-temporarily impaired as of July 1, 2012. This conclusion is derived from the issuers’ continued satisfaction of the securities’ obligations in accordance with their contractual terms along with the expectation that they will continue to do so. Also contributing to this conclusion is FGL’s determination that it is more likely than not that FGL will not be required to sell these securities prior to recovery, an assessment of the issuers’ financial condition, and other objective evidence. As it specifically relates to asset-backed securities and commercial mortgage-backed securities, the present value of cash flows expected to be collected is at least the amount of the amortized cost basis of the security and FGL management has the intent to hold these securities for a period of time sufficient to allow for any anticipated recovery in fair value.
The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:
As the amortized cost of all investments was adjusted to fair value as of the FGL Acquisition date, no individual securities had been in a continuous unrealized loss position greater than twelve months as of September 30, 2011. At July 1, 2012 and September 30, 2011, securities in an unrealized loss position were primarily concentrated in investment grade corporate debt instruments, residential mortgage-backed securities and hybrids. Total unrealized losses were $92,835 and $234,795 at July 1, 2012 and September 30, 2011, respectively. Financial sector-related exposure represents the largest component of the unrealized loss position in the portfolio at July 1, 2012 and September 30, 2011. The improvement in unrealized loss positions in corporate debt instruments from September 30, 2011 to July 1, 2012 was primarily a result of improving conditions for corporate issues.Liquidity efforts by global central banks continue to be supportive to European institutions and risk assets have strengthened as a result. Prices on the portfolio’s mortgage-related securities have also risen on a decline in risk aversion, as well as on signs that the housing market in the United States is believed to be at, or near, its bottom. The portfolio’s hybrid and subordinated securities have improved in price on better risk sentiment, as well as on actions on the part of banks (typical issuers of such securities) who have elected to call these securities at their issue price due to changing regulatory capital rules. At July 1, 2012 and September 30, 2011, securities with a fair value of $27,016 and $31,320, respectively, were depressed greater than 20% of amortized cost, which represented less than 1% of the carrying values of all investments. The improvement in unrealized loss positions from September 30, 2011 is primarily due to two factors: (i) securities at depressed prices were sold over the past nine months, reducing the size of holdings at an unrealized loss position and (ii) improving risk sentiment has lifted the market prices of investment grade bonds. Based upon FGL’s current evaluation of these securities in accordance with its impairment policy and its intent to retain these investments for a period of time sufficient to allow for recovery in value, FGL has determined that these securities are not other-than-temporarily impaired. The following table provides a reconciliation of the beginning and ending balances of the credit loss portion of other-than-temporary impairments on fixed maturity securities held by FGL at July 1, 2012 and July 3, 2011, for which a portion of the other-than-temporary impairment was recognized in AOCI:
For the three and nine months ended July 1, 2012, FGL recognized impairment losses in operations totaling $2,487 and $19,787, respectively, for investments which experienced other-than-temporary impairments and had an amortized cost of $101,887 and a fair value of $80,570 at July 1, 2012. For the three and nine month periods ended July 3, 2011, FGL recognized impairment losses in operations totaling $1,259 respectively, for investments which experienced other-than-temporary impairments and had an amortized cost of $12,140 and a fair value of $10,737 at July 3, 2011. Details underlying write-downs taken as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities were as follows:
Net Investment Income The major sources of “Net investment income” on the accompanying Condensed Consolidated Statements of Operations were as follows:
Net Investment Gains (Losses) Details underlying “Net investment gains (losses)” reported on the accompanying Condensed Consolidated Statements of Operations were as follows:
Additional detail regarding the net investment gains (losses) on securities is as follows:
For the three and nine month periods ended July 1, 2012, principal repayments, calls, tenders and proceeds from the sale of fixed maturity available-for-sale securities, including assets transferred to Wilton Re as discussed in Note 9, totaled $1,216,158 and $4,366,308 gross gains on such sales totaled $49,469 and $211,908 and gross losses totaled $9,208 and $20,897, respectively. For the three and nine month periods ended July 3, 2011, proceeds from the sale of available-for-sale securities totaled $461,506, gross gains on the sale of available-for-sale securities totaled $12,866 and gross losses totaled $1,815. Underlying write-downs taken to fixed maturity available-for-sale securities as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on available-for-sale securities above were $2,487 and $19,787 for the three and nine month periods ended July 1, 2012, respectively. For the three and nine month periods ended July 3, 2011, underlying write-downs taken to residential mortgage-backed securities investments as a result of other-than-temporary impairments that were recognized in net income and included in net realized gains on available-for-sale securities were $1,259. Cash flows from consolidated investing activities by security classification were as follows:
Concentrations of Financial Instruments As of July 1, 2012, FGL’s most significant investment in one industry was FGL’s investment securities in the banking industry with a fair value of $1,982,603 or 12.8% of the invested assets portfolio. FGL’s holdings in this industry includes investments in 121 different issuers with the top ten investments accounting for 38% of the total holdings in this industry. As of July 1, 2012, FGL’s exposure to sub-prime and Alternative-A residential mortgage-backed securities was $236,441 and $87,073 or 1.5% and 0.6% of FGL’s invested assets, respectively.
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- Definition
The entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment. No definition available.
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Derivative Financial Instruments
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Jul. 01, 2012
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| Derivative Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Financial Instruments |
(4) Derivative Financial Instruments Consumer Products and Other The fair value of outstanding derivative contracts recorded in the “Consumer Products and Other” sections of the accompanying Condensed Consolidated Balance Sheets were as follows:
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 AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative, representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, are recognized in current earnings.
The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three and nine month periods ended July 1, 2012 and July 3, 2011:
Fair Value Contracts and Other For derivative instruments that are used to economically hedge the fair value of Spectrum Brands’ third party and intercompany foreign currency payments, commodity purchases and interest rate payments, and the equity conversion feature of the Company’s Preferred Stock, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change. During the three and nine month periods ended July 1, 2012 and July 3, 2011 the Company recognized the following gains (losses) on those derivatives:
Additional Disclosures Cash Flow Hedges Spectrum Brands 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 July 1, 2012, Spectrum Brands did not have any such interest swaps outstanding. Spectrum Brands 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 Spectrum Brands to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, 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 July 1, 2012, Spectrum Brands had a series of foreign exchange derivative contracts outstanding through June 2013 with a contract value of $120,804. The derivative net gain on these contracts recorded in AOCI at July 1, 2012 was $1,880, net of tax expense of $1,262 and noncontrolling interest of $1,389. At July 1, 2012, the portion of derivative net losses estimated to be reclassified from AOCI into earnings over the next twelve months is $1,762 net of tax and noncontrolling interest. Spectrum Brands is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. Spectrum Brands hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At July 1, 2012, Spectrum Brands had a series of such swap contracts outstanding through July 2014 for 16 tons of raw materials with a contract value of $31,665. The derivative net loss on these contracts recorded in AOCI at July 1, 2012 was $1,279, net of tax benefit of $428 and noncontrolling interest of $946. At July 1, 2012, the portion of derivative net losses estimated to be reclassified from AOCI into earnings over the next twelve months is $850, net of tax and noncontrolling interest. Fair Value Contracts Spectrum Brands 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 Spectrum Brands to exchange foreign currencies for U.S. Dollars, Euros or Australian Dollars. These foreign exchange contracts are economic fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Balance Sheets. 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 July 1, 2012 and September 30, 2011, Spectrum Brands had $189,538 and $265,974, respectively, of notional value for such foreign exchange derivative contracts outstanding. Spectrum Brands is exposed to economic risk from foreign currencies, including firm commitments for purchases of materials denominated in South African Rand. Periodically, Spectrum Brands economically hedges a portion of the risk associated with these purchases through forward and swap foreign exchange contracts. These contracts are designated as fair value hedges. The hedges effectively fix the foreign exchange in U.S. Dollars on a specified amount of Rand to a future payment date. The unrealized change in fair value of the hedge contracts is recorded in earnings and as a hedge asset or liability, as applicable. Derivative gains or losses are realized as the hedged purchases of materials affects earnings. At July 1, 2012, Spectrum Brands had $2,249 of such foreign exchange derivative contracts outstanding (none as of September 30, 2011). Credit Risk Spectrum Brands is exposed to the risk of default by the counterparties with which Spectrum Brands transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. Spectrum Brands 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. Spectrum Brands considers these exposures when measuring its credit reserve on its derivative assets, which was $26 and $18 at July 1, 2012 and September 30, 2011, respectively. Spectrum Brands’ standard contracts do not contain credit risk related contingent features whereby Spectrum Brands would be required to post additional cash collateral as a result of a credit event. However, Spectrum Brands is typically required to post collateral in the normal course of business to offset its liability positions. At July 1, 2012 and September 30, 2011, Spectrum Brands had posted cash collateral of $1,717 and $418, respectively, related to such liability positions. In addition, at September 30, 2011, Spectrum Brands had posted standby letters of credit of $2,000 (none at July 1, 2012) related to such liability positions. The cash collateral is included in “Receivables, net” within the accompanying Condensed Consolidated Balance Sheet. Insurance and Financial Services FGL recognizes all derivative instruments as assets or liabilities in the Condensed Consolidated Balance Sheet at fair value and any changes in the fair value of the derivatives are recognized immediately in the Condensed Consolidated Statements of Operations. The fair value of derivative instruments, including derivative instruments embedded in Fixed Indexed Annuity (“FIA”) contracts, is as follows:
The change in fair value of derivative instruments included in the Condensed Consolidated Statements of Operations is as follows:
Additional Disclosures FIA Contracts FGL has FIA contracts that permit the holder to elect an interest rate return or an equity index linked component, where interest credited to the contracts is linked to the performance of various equity indices, primarily the Standard and Poor’s (“S&P”) 500 Index. This feature represents an embedded derivative under US GAAP. The FIA embedded derivative is valued at fair value and included in the liability for contractholder funds in the accompanying Condensed Consolidated Balance Sheets with changes in fair value included as a component of benefits and other changes in policy reserves in the Condensed Consolidated Statements of Operations. FGL purchases derivatives consisting of a combination of call options and futures contracts on the applicable market indices to fund the index credits due to FIA contractholders. The call options are one, two and three year options purchased to match the funding requirements of the underlying policies. On the respective anniversary dates of the index policies, the index used to compute the interest credit is reset and FGL purchases new one, two or three year call options to fund the next index credit. FGL manages the cost of these purchases through the terms of its FIA contracts, which permit FGL to change caps or participation rates, subject to guaranteed minimums on each contract’s anniversary date. The change in the fair value of the call options and futures contracts is generally designed to offset the portion of the change in the fair value of the FIA embedded derivative related to index performance. The call options and futures contracts are marked to fair value with the change in fair value included as a component of “Net investment gains (losses)”. The change in fair value of the call options and futures contracts includes the gains and losses recognized at the expiration of the instrument term or upon early termination and the changes in fair value of open positions. Other market exposures are hedged periodically depending on market conditions and FGL’s risk tolerance. FGL’s FIA hedging strategy economically hedges the equity returns and exposes FGL to the risk that unhedged market exposures result in divergence between changes in the fair value of the liabilities and the hedging assets. FGL uses a variety of techniques, including direct estimation of market sensitivities and value-at-risk, to monitor this risk daily. FGL intends to continue to adjust the hedging strategy as market conditions and FGL’s risk tolerance change. Credit Risk FGL is exposed to credit loss in the event of nonperformance by its counterparties on the call options and reflects assumptions regarding this nonperformance risk in the fair value of the call options. The nonperformance risk is the net counterparty exposure based on the fair value of the open contracts less collateral held. FGL maintains a policy of requiring all derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement.
Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
Collateral Agreements FGL is required to maintain minimum ratings as a matter of routine practice under its ISDA agreements. Under some ISDA agreements, FGL has agreed to maintain certain financial strength ratings. A downgrade below these levels provides the counterparty under the agreement the right to terminate the open derivative contracts between the parties, at which time any amounts payable by FGL or the counterparty would be dependent on the market value of the underlying derivative contracts. FGL’s current rating allows multiple counterparties the right to terminate ISDA agreements. No ISDA agreements have been terminated, although the counterparties have reserved the right to terminate the ISDA agreements at any time. In certain transactions, FGL and the counterparty have entered into a collateral support agreement requiring either party to post collateral when the net exposures exceed pre-determined thresholds. These thresholds vary by counterparty and credit rating. As of July 1, 2012 and September 30, 2011, no collateral was posted by FGL’s counterparties as they did not meet the net exposure thresholds. Accordingly, the maximum amount of loss due to credit risk that FGL would incur if parties to the call options failed completely to perform according to the terms of the contracts was $156,919 and $52,335 at July 1, 2012 and September 30, 2011, respectively. FGL held 2,140 and 2,458 futures contracts at July 1, 2012 and September 30, 2011, respectively. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). FGL provides cash collateral to the counterparties for the initial and variation margin on the futures contracts which is included in “Cash and cash equivalents” in the “Insurance and Financial Services” sections of the Condensed Consolidated Balance Sheets. The amount of collateral held by the counterparties for such contracts was $7,366 and $9,820 at July 1, 2012 and September 30, 2011, respectively. |
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- Definition
The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments
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Jul. 01, 2012
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| Fair Value of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments |
(5) Fair Value of Financial Instruments The Company’s measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk, which may include the Company’s own credit risk. The Company’s estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). The Company categorizes financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows: Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.
Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads and yield curves. Level 3 — Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lower level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources.
The carrying amounts and estimated fair values of the Company’s consolidated financial instruments for which the disclosure of fair values is required, including financial assets and liabilities measured and carried at fair value on a recurring basis, are summarized according to the hierarchy previously described as follows:
The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above. The fair values of cash equivalents, short-term investments and debt set forth above are generally based on quoted or observed market prices. Investment contracts include deferred annuities, FIAs, universal life insurance (“UL”) and immediate annuities. The fair values of deferred annuity, FIAs, and UL contracts are based on their cash surrender value (i.e. the cost FGL would incur to extinguish the liability) as these contracts are generally issued without an annuitization date. The fair value of immediate annuities contracts is derived by calculating a new fair value interest rate using the updated yield curve and treasury spreads as of the respective reporting date. At July 1, 2012 and September 30, 2011, this resulted in lower fair value reserves relative to the carrying value. FGL is not required to and has not estimated the fair value of the liabilities under contracts that involve significant mortality or morbidity risks, as these liabilities fall within the definition of insurance contracts that are exceptions from financial instruments that require disclosure of fair value. The fair value of FGL’s note payable at September 30, 2011 approximated its carrying value as it was settled or retired at such carrying value in October 2011. Goodwill, intangible assets and other long-lived assets are also tested annually or if a triggering event occurs that indicates an impairment loss may have been incurred using fair value measurements with unobservable inputs (Level 3). FGL measures the fair value of its securities based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the fixed maturity or equity security, and FGL will then consistently apply the valuation methodology to measure the security’s fair value. FGL’s fair value measurement is based on a market approach, which utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach include a third-party pricing service, independent broker quotations or pricing matrices. FGL uses observable and unobservable inputs in its valuation methodologies. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators, industry and economic events are monitored and further market data will be acquired when certain thresholds are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For broker-quoted only securities, quotes from market makers or broker-dealers are obtained from sources recognized to be market participants. Management believes the broker quotes are prices at which trades could be executed based on historical trades executed at broker-quoted or slightly higher prices. FGL did not adjust prices received from third parties as of July 1, 2012 and September 30, 2011. However, FGL does analyze the third party valuation methodologies and its related inputs to perform assessments to determine the appropriate level within the fair value hierarchy. The fair value of derivative assets and liabilities is based upon valuation pricing models, which represents what FGL would expect to receive or pay at the balance sheet date if it cancelled the options, entered into offsetting positions, or exercised the options. The fair value of futures contracts represent the cumulative unsettled variation margin (open trade equity net of cash settlements). Fair values for these instruments are determined externally by an independent actuarial firm using market observable inputs, including interest rates, yield curve volatilities, and other factors. Credit risk related to the counterparty is considered when estimating the fair values of these derivatives. The fair values of the embedded derivatives in FGL’s FIA products are derived using market indices, pricing assumptions and historical data.
Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value, were as follows:
The significant unobservable inputs used in the fair value measurement of the contingent purchase price reduction receivable are the probability of collection depending on the outcomes of litigation and regulatory action, the expected term until payment, discount rate and the credit insurance risk premium. Generally, an increase in the assumptions for the expected term, discount rate and credit insurance risk premium would decrease the fair value of the contingent purchase price receivable. An increase in the probability of collection would increase the fair value of the contingent purchase price reduction receivable. The significant unobservable inputs used in the fair value measurement of FIA embedded derivatives included in contractholder funds are market value of option, interest swap rates, mortality multiplier, surrender rates, and non-performance spread. The mortality multiplier is based on the 1983 annuity table and assumes the contractholder population is 50% female and 50% male. Significant increases (decreases) in the market value of option in isolation would result in a higher (lower) fair value measurement. Significant increases (decreases) in interest swap rates, mortality multiplier, surrender rates, or non-performance spread in isolation would result in a lower (higher) fair value measurement. Generally, a change in any one unobservable input would not result in a change in any other unobservable input. The significant unobservable inputs used in the fair value measurement of the equity conversion feature of the Company’s preferred stock are annualized volatility of the market value of the Company’s listed shares of common stock, the discount yield as of the valuation date, a calibration factor to the issued date fair value of the Preferred Stock and the forecasted non-cash accretion rate. Significant increases (decreases) in any of the inputs in isolation would result in a significantly higher (lower) fair value measurement. Generally, an increase in the assumptions used for the volatility and discount yield assumptions would increase the fair value of the equity conversion feature of preferred stock, and maintaining a higher forecasted non-cash accretion rate, would also increase the fair value of the equity conversion feature of preferred stock. A decrease in the calibration factor would result in an increase in the fair value of the equity conversion feature of preferred stock. The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine month periods ended July 1, 2012 and July 3, 2011. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
FGL reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3, or between other levels, at the beginning fair value for the reporting period in which the changes occur. There were no transfers between Level 1 and Level 2 for the three and nine month periods ended July 1, 2012 and July 3, 2011. During the three and nine month periods ended July 1, 2012, primary market issuance and secondary market activity for certain non-agency residential mortgage-backed securities and corporate securities increased the market observable inputs used to establish fair values for similar securities. These factors, along with more consistent pricing from third-party sources, resulted in FGL concluding that there is sufficient trading activity in similar instruments to support classifying these securities as Level 2 as of July 1, 2012. Accordingly, FGL’s assessment resulted in a net transfer out of Level 3 of $2,245 related to non-agency residential mortgage-backed securities and corporate securities during the nine months ended July 1, 2012. There were also net transfers in to Level 3 of $30,379 and $30,918 related to asset-backed securities, corporates, municipal and agency residential mortgage-backed securities during the three and nine months ended July 1, 2012, respectively. The following tables present the gross components of purchases, sales, and settlements, net, of Level 3 financial instruments for the three and nine month periods ended July 1, 2012 and July 3, 2011. There were no issuances during these periods.
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| Goodwill and Intangibles [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangibles |
(6) Goodwill and Intangibles Consumer Products and Other A summary of the changes in the carrying amounts of goodwill and intangible assets of the consumer products segment is as follows:
Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Customer relationships, proprietary technology intangibles and certain trade names are amortized, using the straight-line method, over their estimated useful lives of approximately four to twenty years. Excess of cost over fair value of net assets acquired (goodwill) and indefinite lived trade name intangibles are not amortized. Goodwill and indefinite lived intangible assets are tested for impairment at least annually at Spectrum Brands’ August financial period end, and more frequently if an event or circumstance indicates that an impairment loss may have been incurred between annual impairment tests. Intangible assets subject to amortization include customer relationships, certain trade names and proprietary technology, which are summarized as follows:
Amortization expense is as follows:
The Company estimates annual amortization expense of intangible assets of the consumer products segment for the next five fiscal years will approximate $62,600 per year. Insurance and Financial Services Intangible assets of the Company’s insurance segment include VOBA and DAC. Information regarding VOBA and DAC, including deferred sales inducements (“DSI”), is as follows:
Amortization of VOBA and DAC is based on the amount of gross margins or profits recognized, including investment gains and losses. The adjustment for unrealized net investment gains represents the amount of VOBA and DAC that would have been amortized if such unrealized gains and losses had been recognized. This is referred to as the “shadow adjustments” as the additional amortization is reflected in other comprehensive income rather than the statement of operations. As of July 1, 2012 and September 30, 2011, the VOBA balance included cumulative adjustments for net unrealized investment gains of $(244,347) and $(170,117), respectively, and the DAC balances included cumulative adjustments for net unrealized investment gains of $(19,845) and $(2,146), respectively. The above DAC balances include $8,500 and $5,048 of DSI, net of shadow adjustments, as of July 1, 2012 and September 30, 2011, respectively. The weighted average amortization period for VOBA and DAC are approximately 5.0 and 6.0 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
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The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Jul. 01, 2012
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| Debt [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt |
(7) Debt The Company’s consolidated debt consists of the following:
Spectrum Brands In March 2012, Spectrum Brands issued $300,000 aggregate principal amount of its 6.75% Senior Notes due 2020 (the “6.75% Notes”) and used part of the proceeds of the offering to accept for purchase $231,509 of its 12% Senior Subordinated Toggle Notes due 2019 (the “12% Notes”) pursuant to a tender offer (the “Tender Offer”) for the 12% Notes. Also in March 2012, Spectrum Brands deposited sufficient funds in trust with the trustee under the indenture governing the 12% Notes to satisfy and discharge the $13,522 of 12% Notes that remained outstanding (the “Satisfaction and Discharge”) following completion of the Tender Offer. As a result of the Satisfaction and Discharge, the trustee became the primary obligor for payment of the remaining 12% Notes on or about the call date of August 28, 2012. Spectrum Brands has a contingent obligation for payment of the 12% Notes were the trustee to default on its payment obligations. Spectrum Brands believes the risk of such default is remote and therefore has not recorded a related liability. The indenture governing the 6.75% Notes (the “2020 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 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 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.75% Notes. If any other event of default under the 2020 Indenture occurs and is continuing, the trustee for the 2020 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.75% Notes may declare the acceleration of the amounts due under those notes.
In December 2011 and June 2012, Spectrum Brands amended its term loan (the “Term Loan”). As a result, the aggregate incremental amount by which Spectrum Brands, subject to compliance with financial covenants and certain other conditions, may increase the amount of the commitment under the Term Loan has been increased from $100,000 to $250,000. Certain covenants in respect to indebtedness, liens and interest coverage were also amended to provide for dollar limits more favorable to Spectrum Brands and, subject to compliance with financial covenants and certain other conditions, to allow for the incurrence of incremental unsecured indebtedness. In November 2011, Spectrum Brands completed the offering of $200,000 aggregate principal amount of 9.5% Senior Secured Notes (the “9.5% Notes”) at a price of 108.5% of the par value; these notes are in addition to the $750,000 aggregate principal amount of 9.5% Notes that were already outstanding. The additional notes are guaranteed by Spectrum Brands’ existing and future domestic restricted subsidiaries and secured by liens on substantially all of their assets. In May 2012, Spectrum Brands amended its revolving credit facility (the “ABL Revolving Credit Facility”). As a result, the maturity date was extended from April 21, 2016 to May 3, 2016. The amended facility carries an interest rate at the option of Spectrum Brands, which is subject to change based on availability under the facility, of either: (a) the base rate plus currently .75% per annum or (b) the reserve-adjusted LIBOR rate plus currently 1.75% per annum. No principal amortizations are required with respect to the ABL Revolving Credit Facility. Pursuant to the credit and security agreement, the obligations under the ABL credit agreement are secured by certain current assets of Spectrum Brands, including, but not limited to, deposit accounts, trade receivables and inventory. As a result of borrowings and payments under the ABL Revolving Credit Facility at July 1, 2012, Spectrum Brands had aggregate borrowing availability of approximately $194,909, net of lender reserves of $27,471 and outstanding letters of credit of $26,730. In connection with the 6.75% Note offering, the 9.5% Note offering and the amendments to the Term Loan and ABL Revolving Credit Facility, Spectrum Brands recorded $11,163 of fees during the nine month period ended July 1, 2012. The fees are classified as “Deferred charges and other assets” in the accompanying Condensed Consolidated Balance Sheet as of July 1, 2012 and are being amortized to interest expense utilizing the effective interest method over the respective terms of the debt. In addition, Spectrum Brands recorded charges to “Interest expense” aggregating $894 and $28,892 during the three and nine month periods ended July 1, 2012, respectively, principally for cash fees and expenses relating to the 12% Notes, and including $382 and $2,479, respectively, of non-cash charges for the write-off of unamortized debt issuance costs and discount/premium. FGL The $95,000 note payable of FGL was settled at face value (without the payment of interest) in October 2011 in connection with the closing of the Raven springing amendment and the replacement of the reserve facility discussed in Note 9. |
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Defined Benefit Plans
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Jul. 01, 2012
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| Defined Benefit Plans [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Defined Benefit Plans |
(8) Defined Benefit Plans HGI HGI has a noncontributory defined benefit pension plan (the “HGI Pension Plan”) covering certain former U.S. employees. During 2006, the HGI Pension Plan was frozen which caused all existing participants to become fully vested in their benefits. Additionally, HGI has an unfunded supplemental pension plan (the “Supplemental Plan”) which provides supplemental retirement payments to certain former senior executives of HGI. The amounts of such payments equal the difference between the amounts received under the HGI Pension Plan and the amounts that would otherwise be received if HGI Pension Plan payments were not reduced as the result of the limitations upon compensation and benefits imposed by Federal law. Effective December 1994, the Supplemental Plan was frozen. Spectrum Brands Spectrum Brands has various defined benefit pension plans (the “Spectrum Brands Pension Plans”) covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom and Germany. The Spectrum Brands Pension Plans generally provide benefits of stated amounts for each year of service. Spectrum Brands funds its U.S. pension plans in accordance with the requirements of the defined benefit pension plans and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with Spectrum Brands’ funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. Spectrum Brands also sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are covered by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and therefore are not included in the information presented below. Spectrum Brands also has various nonqualified deferred compensation agreements with certain of its employees. Under certain of these agreements, Spectrum Brands has agreed to pay certain amounts annually for the first 15 years subsequent to retirement or to a designated beneficiary upon death. It is management’s intent that life insurance contracts owned by Spectrum Brands will fund these agreements. Under the remaining agreements, Spectrum Brands has agreed to pay such deferred amounts in up to 15 annual installments beginning on a date specified by the employee, subsequent to retirement or disability, or to a designated beneficiary upon death. Spectrum Brands also provides postretirement life insurance and medical benefits to certain retirees under two separate contributory plans. Consolidated The components of consolidated net periodic benefit and deferred compensation benefit costs and contributions made are as follows:
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- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reinsurance
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Jul. 01, 2012
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| Reinsurance [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reinsurance |
(9) Reinsurance FGL reinsures portions of its policy risks with other insurance companies. The use of reinsurance does not discharge an insurer from liability on the insurance ceded. The insurer is required to pay in full the amount of its insurance liability regardless of whether it is entitled to or able to receive payment from the reinsurer. The portion of risks exceeding FGL’s retention limit is reinsured with other insurers. FGL seeks reinsurance coverage in order to limit its exposure to mortality losses and enhance capital management. FGL follows reinsurance accounting when there is adequate risk transfer. Otherwise, the deposit method of accounting is followed. FGL also assumes policy risks from other insurance companies. The effect of reinsurance on premiums earned, benefits incurred and reserve changes were as follows:
Amounts payable or recoverable for reinsurance on paid and unpaid claims are not subject to periodic or maximum limits. During the three and nine month periods ended July 1, 2012 and July 3, 2011, FGL did not write off any reinsurance balances nor did it commute any ceded reinsurance. As discussed below under “Wilton Agreement,” FGL monitors the risk of default by reinsurers. No policies issued by FGL have been reinsured with any foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. FGL has not entered into any reinsurance agreements in which the reinsurer may unilaterally cancel any reinsurance for reasons other than non-payment of premiums or other similar credit issues. FGL closed on a significant reinsurance agreement during the nine months ended July 1, 2012 as described below. Wilton Agreement On January 26, 2011, Harbinger F&G, LLC (“HFG”), a wholly-owned subsidiary of the Company and the parent company of FGL, entered into a commitment agreement (the “Commitment Agreement”) with Wilton Re U.S. Holdings, Inc. (“Wilton”) committing Wilton Reassurance Company (“Wilton Re”), a wholly-owned subsidiary of Wilton and a Minnesota insurance company, to enter into one of two amendments to an existing reinsurance agreement with Fidelity & Guaranty Life Insurance Company (“FGL Insurance”), FGL’s principal insurance subsidiary. Effective April 26, 2011, HFG elected the second of the two amendments under the Commitment Agreement (the “Raven Springing Amendment”), which committed FGL Insurance to cede to Wilton Re all of the business (the “Raven Block”) then reinsured with Raven Reinsurance Company (“Raven Re”), a wholly-owned subsidiary of FGL, on or before December 31, 2012, subject to regulatory approval. The Raven Springing Amendment was intended to mitigate the risk associated with HFG’s obligation under the First Amended and Restated Stock Purchase Agreement, dated February 17, 2011 (the “F&G Stock Purchase Agreement”), by replacing the Raven Re reserve facility by December 31, 2012. On September 9, 2011, FGL Insurance and Wilton Re executed an amended and restated Raven Springing Amendment whereby the recapture of the business ceded to Raven Re by FGL Insurance and the re-cession to Wilton Re closed on October 17, 2011 with an effective date of October 1, 2011. In connection with the closing, FGL Insurance transferred assets with a fair value of $580,683, including ceding commission, to Wilton Re. FGL has a significant concentration of reinsurance with Wilton Re that could have a material impact on the Company’s financial position in the event that Wilton Re fails to perform its obligations under the various reinsurance treaties. As of July 1, 2012 the net amount recoverable from Wilton Re was $1,260,805. FGL monitors both the financial condition of individual reinsurers and risk concentration arising from similar geographic regions, activities and economic characteristics of reinsurers to reduce the risk of default by such reinsurers. As of July 1, 2012, Wilton Re and FGL are still reviewing the settlements associated with new reinsurance transactions FGL entered into after the Company’s acquisition of FGL. This ongoing review could result in future adjustments to the settlement amounts reflected in these financial statements. |
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- Definition
The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Compensation
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Jul. 01, 2012
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| Stock Compensation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Compensation |
(10) Stock Compensation The Company recognized consolidated stock compensation expense as follows:
The amounts before taxes and non-controlling interest are principally included in “Selling, general and administrative expenses” in the accompanying Condensed Consolidated Statements of Operations. HGI HGI granted approximately 140 and 2,215 stock option awards during the three and nine month periods ended July 1, 2012, respectively. All of these grants are time based, and vest over periods of 3 to 4 years. The total fair value of the stock option grants on their respective grant dates was approximately $3,832. HGI granted approximately 50 and 818 restricted stock awards during the three and nine month periods ended July 1, 2012, respectively. All of these grants are time based, and vest over periods of 7 months to 3 years. The total fair value of the restricted stock grants on their respective grant dates was approximately $3,959. HGI granted approximately 22 restricted stock units during the nine month period ended July 1, 2012. All of these grants are time based, and vest over periods of 7 months to 1 year. The total fair value of the restricted stock grants on their respective grant dates was approximately $100. Under HGI’s executive bonus plan, executives will be paid in cash, stock options and restricted stock shares. The equity grants will have a grant date in the first fiscal quarter of 2013 and the shares will vest between 12 and 36 months from the grant date. The fair values of restricted stock and restricted stock unit awards are determined based on the market price of HGI’s common stock on the grant date. The fair value of stock option awards is determined using the Black-Scholes option pricing model. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
A summary of HGI’s outstanding stock-based awards as of July 1, 2012, and changes during the nine month period, are as follows:
The weighted-average remaining contractual term of outstanding stock option awards was 9.63 years.
Spectrum Brands Spectrum Brands granted approximately 42 and 759 restricted stock units during the three and nine month periods ended July 1, 2012, respectively. Of these grants, 18 restricted stock units are time based and vest over a one year period and 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 fair value of the restricted stock units on the dates of the grants was approximately $20,756. The fair values of restricted stock awards and restricted stock units are determined based on the market price of Spectrum Brands’ common stock on the grant date.
A summary of the Spectrum Brands’ non-vested restricted stock awards and restricted stock units as of July 1, 2012, and changes during the nine month period, is as follows:
FGL On November 2, 2011, FGL’s compensation committee (on behalf of its board of directors) approved a long-term stock-based incentive plan that permits the grant of options to purchase shares of FGL common stock to key employees of FGL. On November 2, 2011, FGL’s compensation committee also approved a dividend equivalent plan that permits holders of these options the right to receive a payment in cash in an amount equal to the ordinary dividends declared and paid or debt service payments to HGI by FGL in each calendar year starting in the year in which the dividend equivalent is granted through the year immediately prior to the year in which the dividend equivalent vests with respect to a participant’s option shares. On January 6, 2012 and June 22, 2012, FGL granted 205 and 2 stock option awards, respectively, under the terms of the plan. These stock options vest over a period of 3 years and expire on the seventh anniversary of the grant. The total fair value of the grants on their grant dates was approximately $623 and $5, respectively. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
A summary of FGL’s outstanding stock options as of July 1, 2012, and changes during the nine month period, is as follows:
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- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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9 Months Ended |
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Jul. 01, 2012
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| Income Taxes [Abstract] | |
| Income Taxes |
(11) Income Taxes For the three months ended July 1, 2012, the Company’s tax benefit at an effective rate of 5% was lower than the United States Federal statutory rate of 35% and, for the nine months ended July 1, 2012, the Company recorded tax expense at the rate of (355)% despite a pretax loss, primarily as a result of (i) $125,540 of expense in the three-month period for the increase in fair value of the equity conversion feature of preferred stock, for which no tax benefit is available, (ii) pretax losses in the United States and some foreign jurisdictions for which the Company concluded that the tax benefits are not more-likely-than-not realizable, (iii) deferred income tax expense due to changes in the tax bases of indefinite lived intangible assets that are amortized for tax purposes, but not for book purposes, and (iv) tax expense on income in certain foreign jurisdictions that will not be creditable in the United States. Partially offsetting these factors in the nine months ended July 1, 2012 was (i) a $19,035 release by FGL of valuation allowances on deferred tax assets primarily as a result of revised projections in connection with the regulatory non-approval of a proposed reinsurance transaction, (ii) a $41,000 gain on a contingent purchase price reduction receivable, for which no tax provision is necessary, and (iii) a $13,915 release by Spectrum Brands of valuation allowances on deferred tax assets as a result of a recent acquisition. Net operating loss (“NOL”) and tax credit carryforwards of HGI and Spectrum Brands are subject to full valuation allowances and those of FGL are subject to partial valuation allowances, as the Company concluded all or a portion of the associated tax benefits are not more-likely-than-not realizable. Utilization of NOL and other tax carryforwards of HGI, Spectrum Brands and FGL are subject to limitations under Internal Revenue Code (“IRC”) Sections 382 and 383. Such limitations result from ownership changes of more than 50 percentage points over a three-year period. For the three months ended July 3, 2011, the Company’s effective tax rate of 2% was lower than the United States Federal statutory rate principally due to (i) the recognition of a $158,341 bargain purchase gain from the FGL Acquisition, for which no tax provision is necessary, and (ii) the release of valuation allowances on tax benefits from net operating and capital loss carryforwards that the Company determined are more-likely-than-not realizable. In addition to these factors, the Company’s effective tax rate for the nine months ended July 3, 2011 of 35% reflects the proportionally higher offsetting effects of (i) deferred income tax expense due to changes in the tax bases of indefinite lived intangible assets that are amortized for tax purposes, but not for book purposes, and (ii) tax expense on income in certain foreign jurisdictions that will not be creditable in the United States. 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 July 1, 2012 and September 30, 2011, the Company had $5,379 and $9,013, respectively, of unrecognized tax benefits on uncertain tax positions. The Company also had approximately $4,180 and $4,682, respectively, of accrued interest and penalties related to the uncertain tax positions at those dates. Interest and penalties related to uncertain tax positions are reported in the financial statements as part of income tax expense. The Company does not expect its balance of unrecognized tax benefits at July 1, 2012 to materially change over the next twelve months. |
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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Jul. 01, 2012
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share |
(12) Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share (“EPS”) utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. The following table sets forth the computation of basic and diluted EPS:
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects: (i) for the period prior to the January 7, 2011 date of the Spectrum Brands Acquisition, the number of HGI shares of common stock outstanding plus the 119,910 HGI shares of common stock subsequently issued in connection with the Spectrum Brands Acquisition and (ii) for the periods subsequent to and including January 7, 2011, the actual number of HGI common stock outstanding, excluding nonvested restricted stock. At July 1, 2012, there were 62,526 and 2,225 potential common stock issuable upon the conversion of the Preferred Stock and exercise of stock options, respectively, and 831 restricted stock and units, excluded from the calculation of “Diluted net income (loss) per common share attributable to controlling interest” because the as-converted effect of the Preferred Stock and the effect of the stock options and restricted stock would have been anti-dilutive in the applicable periods presented. The Preferred Stock had a weighted average conversion price of $6.64 and the stock options had a weighted average exercise price of $4.86 per share. |
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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9 Months Ended |
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Jul. 01, 2012
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| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies |
(13) Commitments and Contingencies The Company has aggregate reserves for its legal, environmental and regulatory matters of approximately $22,639 at July 1, 2012. These reserves relate primarily to the matters described below. However, based on currently available information, including legal defenses available to the Company, and given the aforementioned reserves and related insurance coverage, the Company does not believe that the outcome of these legal, environmental and regulatory matters will have a material effect on its financial position, results of operations or cash flows. Legal and Environmental Matters HGI HGI is a nominal defendant, and the members of its board of directors are named as defendants in a derivative action filed in December 2010 by Alan R. Kahn in the Delaware Court of Chancery. The plaintiff alleges that the Spectrum Brands Acquisition was financially unfair to HGI and its public stockholders and seeks unspecified damages and the rescission of the transaction. The Company believes the allegations are without merit and intends to vigorously defend this matter. HGI is also involved in other litigation and claims incidental to its current and prior businesses. These include worker compensation and environmental matters and pending cases in Mississippi and Louisiana state courts and in a Federal multi-district litigation alleging injury from exposure to asbestos on offshore drilling rigs and shipping vessels formerly owned or operated by its offshore drilling and bulk-shipping affiliates. Based on currently available information, including legal defenses available to it, and given its reserves and related insurance coverage, the Company does not believe that the outcome of these legal and environmental matters will have a material effect on its financial position, results of operations or cash flows. Spectrum Brands Spectrum Brands has provided approximately $5,490 for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. Spectrum Brands believes that any additional liability which may result from resolution of these matters in excess of the amounts provided for will not have a material adverse effect on the financial condition, results of operations or cash flows of Spectrum Brands. Spectrum Brands is a defendant in various other matters of litigation generally arising out of the ordinary course of business. FGL FGL is involved in various pending or threatened legal proceedings, including purported class actions, arising in the ordinary course of business. In some instances, these proceedings include claims for unspecified or substantial punitive damages and similar types of relief in addition to amounts for alleged contractual liability or requests for equitable relief. In the opinion of FGL management and in light of existing insurance and other potential indemnification, reinsurance and established reserves, such litigation is not expected to have a material adverse effect on FGL’s financial position, although it is possible that the results of operations and cash flows could be materially affected by an unfavorable outcome in any one period.
Regulatory Matters FGL FGL is assessed amounts by the state guaranty funds to cover losses to policyholders of insolvent or rehabilitated insurance companies. Those mandatory assessments may be partially recovered through a reduction in future premium taxes in certain states. At July 1, 2012, FGL has accrued $5,909 for guaranty fund assessments which is expected to be offset by estimated future premium tax deductions of $4,281. FGL has received inquiries from a number of state regulatory authorities regarding its use of the U.S. Social Security Administration’s Death Master File (“Death Master File”) and compliance with state claims practices regulation and unclaimed property and escheatment laws. To date, FGL has received inquiries from authorities in Maryland, Minnesota and New York. The New York Insurance Department issued a letter and subsequent regulation requiring life insurers doing business in New York to use the Death Master File or similar databases to determine if benefits were payable under life insurance policies, annuities, and retained asset accounts. Legislation requiring insurance companies to use the Death Master File to identify potential claims has recently been enacted in FGL’s state of domicile (Maryland) and other states. As a result of these legislative and regulatory developments, in May 2012 FGL undertook an initiative to use the Death Master File and other publicly available databases to identify persons potentially entitled to benefits under life insurance policies, annuities and retained asset accounts. In the three and nine months ended July 1, 2012, FGL incurred a $11,000 pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable resulting from this ongoing effort. Based on its analysis to date and management’s estimate, FGL believes this accrual will cover the reasonably estimated liability arising out of these developments. Additional costs that cannot be reasonably estimated as of the date of this filing are possible as a result of ongoing regulatory developments and other future requirements related to this matter. Guarantees Throughout its history, the Company has entered into indemnifications in the ordinary course of business with customers, suppliers, service providers, business partners and, in certain instances, when it sold businesses. Additionally, the Company has indemnified its directors and officers who are, or were, serving at the request of the Company in such capacities. Although the specific terms or number of such arrangements is not precisely known due to the extensive history of past operations, costs incurred to settle claims related to these indemnifications have not been material to the Company’s financial statements. The Company has no reason to believe that future costs to settle claims related to its former operations will have a material impact on its financial position, results of operations or cash flows. The F&G Stock Purchase Agreement between HFG and OMGUK includes a Guarantee and Pledge Agreement which creates certain obligations for FGL as a grantor and also grants a security interest to OMGUK of FGL’s equity interest in FGL Insurance in the event that HFG fails to perform in accordance with the terms of the F&G Stock Purchase Agreement. The Company is not aware of any events or transactions that resulted in non-compliance with the Guarantee and Pledge Agreement. Unfunded Asset Based Lending Commitments Through Salus, the Company enters into commitments to extend credit to meet the financing needs of its asset based lending customers upon satisfaction of certain conditions. At July 1, 2012, the notional amount of unfunded, legally binding lending commitments was approximately $70,967, of which $8,110 expires in one year or less, and the remainder expires between one and three years. Shareholder Contingencies The Master Fund has pledged all of its shares of the Company’s common stock, together with securities of other issuers to secure a certain portfolio financing, which as of the date hereof, constitutes a majority of the outstanding shares of the Company’s common stock. The sale or other disposition of a sufficient number of such shares (including any foreclosure on or sale of the Company’s shares pledged as collateral) to non-affiliates could cause the Company and its subsidiaries to experience a change of control, which may accelerate certain of the Company’s and its subsidiaries’ debt instruments and other obligations (including the 10.625% Notes and Preferred Stock) and/or allow certain counterparties to terminate their agreements. Any such sale or disposition may also cause the Company and its subsidiaries to be unable to utilize certain of their net operating loss and other tax carryforwards for income tax purposes. |
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions
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Jul. 01, 2012
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| Acquisitions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions |
(14) Acquisitions FGL Update On April 6, 2011, the Company acquired all of the outstanding shares of capital stock of FGL and certain intercompany loan agreements between the seller, as lender, and FGL, as borrower, for cash consideration of $350,000 (including $5,000 re-characterized as an expense), which amount could be reduced by up to $50,000 post closing (as discussed further below). Measurement Period Adjustments During the measurement period (which is not to exceed one year from the acquisition date), the Company is required to retrospectively adjust the provisional assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets or liabilities as of that date. Effective April 1, 2012, the Company finalized such provisional amounts which were previously disclosed in the Form 10-K as of September 30, 2011. The following table summarizes the provisional and final amounts recognized at fair value for each major class of assets acquired and liabilities assumed as of the FGL Acquisition date:
Reinsurance Transactions On January 26, 2011, HFG entered into the Commitment Agreement committing Wilton Re to enter into one of two amendments to an existing reinsurance agreement with FGL Insurance. FGL considered the effects of these amendments in the purchase price allocation. On April 8, 2011, FGL Insurance ceded significantly all of the remaining life insurance business that it had retained to Wilton Re under the first of the two amendments with Wilton and transferred assets with a fair value of $535,826, net of ceding commission, to Wilton Re. As discussed further in Note 9, effective April 26, 2011, HFG elected the second amendment (the Raven Springing Amendment) that committed FGL Insurance to cede to Wilton Re the Raven Block and on September 9, 2011, FGL Insurance and Wilton Re executed an amended and restated Raven Springing Amendment whereby the recapture of the business ceded to Raven Re by FGL Insurance and the re-cession to Wilton Re closed on October 17, 2011 with an effective date of October 1, 2011. Pursuant to the terms of the Raven Springing Amendment, the amount payable to Wilton at the closing of such amendment was adjusted to reflect the economic performance for the Raven Block from January 1, 2011 until the effective time of the closing of the Raven Springing Amendment. The estimated economic performance for the period from January 1, 2011 to April 6, 2011 was considered in the FGL opening balance sheet and purchase price allocation. Of the ongoing settlement adjustments resolved with Wilton Re, as discussed in Note 9, it was determined that $11,176, less $3,912 of deferred income taxes, related to the pre-acquisition period, and were reflected as measurement period adjustments to the initial purchase price allocation. Contingent Purchase Price Reduction As contemplated by the terms of the F&G Stock Purchase Agreement, Front Street Re, Ltd. (“Front Street”), a recently formed Bermuda-based reinsurer and wholly-owned subsidiary of the Company sought to enter into a reinsurance agreement (the “Front Street Reinsurance Transaction”) with FGL whereby Front Street would reinsure up to $3,000,000 of insurance obligations under annuity contracts of FGL, and Harbinger Capital Partners II LP (“HCP II”), an affiliate of the Principal Stockholders, would be appointed the investment manager of up to $1,000,000 of assets securing Front Street’s reinsurance obligations under the reinsurance agreement. These assets would be deposited in a reinsurance trust account for the benefit of FGL. The Front Street Reinsurance Transaction required the approval of the Maryland Insurance Administration (the “MIA”). The F&G Stock Purchase Agreement provides that, the seller may be required to pay up to $50,000 as a post-closing reduction in purchase price if, among other things, the Front Street Reinsurance Transaction is not approved by the MIA or is approved subject to certain restrictions or conditions. FGL received written notice, dated January 10, 2012, from the MIA, rejecting the Front Street Reinsurance Transaction, as proposed by the respective parties. HGI is pursuing all available options to recover the full purchase price reduction, including the commencement of litigation against the seller; however, the outcome of any such action is subject to risk and uncertainty and there can be no assurance that any or all of the $50,000 purchase price reduction will be obtained by HGI. Prior to the receipt of the written rejection notice from the MIA, management believed, based on the facts and circumstances at that time, that the likelihood was remote that the purchase price would be required to be reduced. Therefore a fair value of zero had been assigned to the contingent purchase price reduction as of the FGL Acquisition date and at each subsequent quarterly remeasurement date through January 1, 2012. Management now believes that it is near certain that the purchase price will be required to be reduced by the full $50,000 amount and has estimated a fair value of $41,000 for the contingent receivable as of July 1, 2012 (essentially unchanged from April 1, 2012), reflecting appropriate discounts for potential litigation and regulatory action, length of time until expected payment is received and a credit insurance risk premium. Such $41,000 estimated fair value of the contingent receivable has been reflected in “Receivables, net” in the Condensed Consolidated Balance Sheet as of July 1, 2012 with a corresponding credit to “Gain on contingent purchase price reduction” in the Condensed Consolidated Statement of Operations for the nine months ended July 1, 2012.
Supplemental Pro Forma Information The following table reflects the Company’s pro forma results as if the FGL Acquisition was completed on October 1, 2010 and the results of FGL had been included in the full nine month period ended July 3, 2011 instead of only for the historical three months ended July 3, 2011.
Other Acquisitions During the nine month period ended July 1, 2012, Spectrum Brands completed the following acquisitions which were not considered significant individually or collectively: Black Flag On October 31, 2011, Spectrum Brands completed the $43,750 cash acquisition of the Black Flag and TAT trade names (“Black Flag”) from The Homax Group, Inc., a portfolio company of Olympus Partners. The Black Flag and TAT product lines consist of liquids, aerosols, baits and traps that control ants, spiders, wasps, bedbugs, fleas, flies, roaches, yellow jackets and other insects. In accordance with ASC Topic 805, Business Combinations (“ASC 805”), Spectrum Brands accounted for the acquisition by applying the acquisition method of accounting. The results of Black Flag’s operations since October 31, 2011 are included in the accompanying Condensed Consolidated Statements of Operations. The purchase price of $43,750 has been allocated to the acquired net assets, including $25,000 of identifiable intangible assets, $15,852 of goodwill, $2,509 of inventories, and $389 of properties and other assets, based upon a preliminary valuation. Spectrum Brands’ estimates and assumptions for this acquisition are subject to change as Spectrum Brands obtains additional information for its estimates during the measurement period. The primary areas of the acquisition accounting that are not yet finalized relate to certain legal matters and residual goodwill. FURminator On December 22, 2011, Spectrum Brands completed the $141,745 cash acquisition of FURminator, Inc. (“FURminator”) from HKW Capital Partners III, L.P. FURminator is a leading worldwide provider of branded and patented pet deshedding products. In accordance with ASC 805, Spectrum Brands accounted for the acquisition by applying the acquisition method of accounting. The results of FURminator operations since December 22, 2011 are included in the accompanying Condensed Consolidated Statements of Operations. The purchase price of $141,745 has been allocated to the acquired net assets, including $79,000 of identifiable intangible assets, $68,531 of goodwill, $9,240 of current assets, $648 of properties and $15,674 of current and long-term liabilities, based upon a preliminary valuation. Spectrum Brands’ estimates and assumptions for this acquisition are subject to change as Spectrum Brands obtains additional information for its estimates during the measurement period. The primary areas of the acquisition accounting that are not yet finalized relate to certain legal matters, income and non-income based taxes and residual goodwill. Acquisition and Integration Related Charges Acquisition and integration related charges reflected in “Selling, general and administrative expenses” include, but are not limited to transaction costs such as banking, legal and accounting professional fees directly related to an acquisition or potential acquisition, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses. Such charges for the three and nine month periods ended July 1, 2012 relate primarily to the Spectrum Brands merger with Russell Hobbs, Inc. (the “SB/RH Merger”) and for the three and nine month periods ended July 3, 2011 relate primarily to the SB/RH Merger, the FGL Acquisition and the Spectrum Brands Acquisition.
The following table summarizes acquisition and integration related charges incurred by the Company for the three and nine month periods ended July 1, 2012 and July 3, 2011:
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The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| Restructuring and Related Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Charges |
(15) Restructuring and Related Charges The Company reports restructuring and related charges associated with manufacturing and related initiatives of Spectrum Brands 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 of Spectrum Brands in “Selling, general and administrative expenses,” such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in “Selling, general and administrative 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. In 2009, Spectrum Brands implemented a series of initiatives to reduce operating costs and to evaluate opportunities to improve its capital structure (the “Global Cost Reduction Initiatives”). The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three and nine month periods ended July 1, 2012 and July 3, 2011 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the nine month period ended July 1, 2012:
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| Other Required Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Required Disclosures |
(16) Other Required Disclosures Recent Accounting Pronouncements Not Yet Adopted Presentation of Comprehensive Income In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income,” which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. This guidance will be effective for the Company beginning in the fiscal year ending September 30, 2013. The Company does not expect the guidance to impact its consolidated financial statements, as such guidance only requires a change in the format of presentation. Impairment Testing In September 2011, the FASB issued new accounting guidance intended to simplify how an entity tests goodwill for impairment. The guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting guidance is effective for the Company for the annual and any interim goodwill impairment tests performed beginning in the fiscal year ending September 30, 2013. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a significant impact on its consolidated financial statements. Additionally, in July 2012, the FASB issued new accounting guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting guidance is effective for the Company for the annual and any interim indefinite-lived intangible asset impairment tests performed for the fiscal year ending September 30, 2013. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a significant impact on its consolidated financial statements.
Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for the Company beginning in the first quarter of its fiscal year ending September 30, 2014. The Company is currently evaluating the impact of this new accounting guidance on the disclosures included in its consolidated financial statements. Receivables and Concentrations of Credit Risk “Receivables, net” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Trade receivables subject Spectrum Brands to credit risk. Trade accounts receivable are carried at net realizable value. Spectrum Brands extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. Spectrum Brands monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provision for losses on uncollectible trade receivables are determined based on ongoing evaluations of Spectrum Brands’ receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer. Spectrum Brands 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 23% of Spectrum Brands’ net sales during both the three and nine month periods ended July 1, 2012, respectively. This customer represented approximately 25% and 23% of Spectrum Brands’ net sales during the three and nine month periods ended July 3, 2011, respectively. This customer also represented approximately 14% and 16% of Spectrum Brands’ trade accounts receivable, net at July 1, 2012 and September 30, 2011, respectively. Approximately 40% and 44% of Spectrum Brands’ net sales during the three and nine month periods ended July 1, 2012, respectively, and 40% and 44% of Spectrum Brands’ net sales during the three and nine month periods ended July 3, 2011, respectively, occurred outside the United States. These sales and related receivables are subject to varying degrees of credit, currency, political and economic risk. Spectrum Brands monitors these risks and makes appropriate provisions for collectability based on an assessment of the risks present.
Inventories Inventories of Spectrum Brands, which are stated at the lower of cost (using the first-in, first-out method) or market, consist of the following:
Properties Properties, net consist of the following:
Shipping and Handling Costs Spectrum Brands incurred shipping and handling costs of $48,797 and $148,383 for the three and nine month periods ended July 1, 2012, respectively, and $51,172 and $150,140 for the three and nine month periods ended July 3, 2011, respectively. These costs are included in “Selling, general and administrative” expenses in the accompanying Condensed Consolidated Statements of Operations. 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 Spectrum Brands’ products for shipment from its distribution facilities. Asset-Based Loans The Company originated loans receivable through the asset based lending activities of Salus that had balances aggregating $73,974, net of $559 estimated allowance for loan loss, as of July 1, 2012. Of the $74,533 gross loans receivable outstanding at July 1, 2012, $4,890 has a maturity date of one year or less, and the remainder have maturity dates between one and three years. Such loans are included in “Asset-backed loans and other invested assets” in the “Insurance and Financial Services” section of the Condensed Consolidated Balance Sheet as of July 1, 2012. Of the $74,533 of receivables outstanding at July 1, 2012, loans to four individual customers represented 73% of the outstanding loans receivable balance, and loans to customers in the apparel industry represented 62% of outstanding loans. As of July 1, 2012, all outstanding loans were current and in compliance with their respective loan covenants. Outstanding loans are secured by collateral with an estimated value of $101,065, as of July 1, 2012. |
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Other Required Disclosures No definition available.
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Related Party Transactions
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| Related Party Transactions [Abstract] | |
| Related Party Transactions |
(17) Related Party Transactions Harbinger Capital Partners LLC (“Harbinger Capital”), an affiliate of the Company and the Principal Stockholders, provides the Company with certain advisory and consulting services and also provides office space for certain of the Company’s employees and officers. The Company expects to reimburse Harbinger Capital for its out-of-pocket expenses and the cost of advisory and consulting services and office space provided to the Company by Harbinger Capital. In addition, on January 9, 2012, the Company hired certain former personnel of Harbinger Capital effective as of October 1, 2011. The Company expects to reimburse Harbinger Capital for employment and other costs associated with the above employees to the extent their services related to the Company from October 1, 2011 to the January 9, 2012. The Company has recognized approximately $1,946 of expenses as an estimate of the amount it expects to reimburse Harbinger Capital under these arrangements with respect to the nine month period ended July 1, 2012, which is subject to review and approval by a special committee of the Company’s board of directors, consisting solely of directors who were determined by the Company’s board of directors to be independent under the NYSE rules, and is therefore subject to change. The Company believes that the amount of expenses recognized is reasonable; however, it does not necessarily represent the costs that would have been incurred by the Company on a stand-alone basis. There were no similar expenses recognized in the nine month period ended July 3, 2011. |
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Data
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Jul. 01, 2012
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| Segment Data [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Data |
(18) Segment Data The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in two major reporting segments: (i) consumer products through Spectrum Brands and (ii) insurance through FGL (see Note 1 for additional information). Segment information is as follows:
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- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Event
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9 Months Ended |
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Jul. 01, 2012
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| Subsequent Event [Abstract] | |
| Subsequent Event |
(19) Subsequent Event On August 7, 2012, Spectrum Brands announced a fiscal 2012 one-time special dividend of $1.00 per share payable on September 18, 2012 to shareholders of record as of close of business on August 27, 2012. The total dividend to be paid will be approximately $53,418, of which HGI will receive $29,536 for the Spectrum Brands common shares it currently holds. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Significant Accounting Policies (Policies)
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9 Months Ended |
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Jul. 01, 2012
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| Significant Accounting Policies [Abstract] | |
| Financial Instruments |
The Company’s measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk, which may include the Company’s own credit risk. The Company’s estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). The Company categorizes financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows: Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.
Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads and yield curves. Level 3 — Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lower level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources. |
| Earnings Per Share |
The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share (“EPS”) utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. |
| Presentation of Comprehensive Income |
Presentation of Comprehensive Income In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income,” which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. This guidance will be effective for the Company beginning in the fiscal year ending September 30, 2013. The Company does not expect the guidance to impact its consolidated financial statements, as such guidance only requires a change in the format of presentation. |
| Impairment Testing |
Impairment Testing In September 2011, the FASB issued new accounting guidance intended to simplify how an entity tests goodwill for impairment. The guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting guidance is effective for the Company for the annual and any interim goodwill impairment tests performed beginning in the fiscal year ending September 30, 2013. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a significant impact on its consolidated financial statements. Additionally, in July 2012, the FASB issued new accounting guidance intended to simplify how an entity tests indefinite-lived intangible assets for impairment. The guidance will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An entity will no longer be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. This accounting guidance is effective for the Company for the annual and any interim indefinite-lived intangible asset impairment tests performed for the fiscal year ending September 30, 2013. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a significant impact on its consolidated financial statements. |
| Offsetting Assets and Liabilities |
Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for the Company beginning in the first quarter of its fiscal year ending September 30, 2014. The Company is currently evaluating the impact of this new accounting guidance on the disclosures included in its consolidated financial statements. |
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Offsetting assets and liabilities. No definition available.
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Disclosure of accounting policy for comprehensive income. No definition available.
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Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Comprehensive Income (Loss) (Tables)
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Jul. 01, 2012
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- Definition
Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short term investments |
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| Available-for-sale securities |
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| Amortized cost and fair value of fixed maturity available-for-sale securities |
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| Fair value and gross unrealized losses of available-for-sale securities |
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| Reconciliation of other than temporary impairment on fixed maturity |
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| Other-than-temporary impairments |
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| Net investment income |
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| Net Investment Gains (Losses) |
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| Additional detail regarding investment gains (losses) on securities |
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| Cash flows from consolidated investing activities by security |
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| X | ||||||||||
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- Definition
Other than temporary impairment losses investments portion recognized in earnings net by investment category. No definition available.
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| X | ||||||||||
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- Definition
Schedule of amortized cost and fair value of fixed maturity available for sale securities and periodic payments from other securities. No definition available.
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| X | ||||||||||
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- Definition
Schedule of cash flows from consolidated investing activities by security. No definition available.
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| X | ||||||||||
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- Definition
Schedule of gain loss on investments. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Derivative Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI |
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Call options [Member]
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| Derivative Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FGL's exposure to credit loss on the call options held |
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Consumer Products and Other:
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| Derivative Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value of outstanding derivative contracts in Condensed Consolidated Balance Sheets |
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| Summary of Gain (Loss) Recognized in Income on Derivatives |
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Insurance and Financial Services:
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| Derivative Financial Instruments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value of outstanding derivative contracts in Condensed Consolidated Balance Sheets |
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| Summary of Gain (Loss) Recognized in Income on Derivatives |
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| X | ||||||||||
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- Definition
Schedule of cash flow hedging instruments statements of financial performance location. No definition available.
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| X | ||||||||||
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- Definition
Schedule of exposure to credit loss on derivative instrument. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Fair Value of Financial Instruments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets and liabilities carrying at fair value on recurring basis |
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| Fair value of embedded derivatives |
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in fair value of financial instruments |
|
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| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments |
|
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| X | ||||||||||
|
- Definition
Fair value assets and liabilities measured on recurring basis unobservable input reconciliation. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurement with unobservable inputs reconciliation recurring basis asset purchases sales issuances settlements. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangibles (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Finite Lived Intangible Assets [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| A summary of the changes in the carrying amounts of goodwill and intangible assets of the Consumer Products Segment |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization expense |
|
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| Estimated amortization expense for VOBA and DAC in future fiscal periods |
|
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|
Consumer Products and Other:
|
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| Finite Lived Intangible Assets [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets |
|
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|
Insurance and Financial Services:
|
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| Finite Lived Intangible Assets [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Amortization expense. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Jul. 01, 2012
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| Debt [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Debt |
|
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Defined Benefit Plans (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
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| Defined Benefit Plans [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of consolidated net periodic, deferred compensation benefit costs and contributions |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Reinsurance (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
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| Reinsurance [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The effect of reinsurance on premiums earned, benefits incurred and reserve changes |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of effect of reinsurance on premiums earned and benefits incurred and reserve changes. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Stock Compensation (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consolidated stock compensation expense |
|
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HGI [Member]
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assumptions used in the determination of grant date fair values using the Black-Scholes option pricing model |
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| Summary of outstanding stock-based awards and options |
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| Summary of non-vested outstanding restricted stock awards and restricted stock units |
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Spectrum Brands [Member]
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of non-vested outstanding restricted stock awards and restricted stock units |
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FGL [Member]
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assumptions used in the determination of grant date fair values using the Black-Scholes option pricing model |
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| Summary of outstanding stock-based awards and options |
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| X | ||||||||||
|
- Definition
Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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Earnings Per Share (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of basic and diluted EPS |
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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|
Acquisitions (Tables)
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Acquisitions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summarization of provisional and final amounts on assets acquired and liabilities at fair value |
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| Company's pro forma results |
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| Summary of acquisition and integration related charges incurred |
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| X | ||||||||||
|
- Definition
Summary of acquisition and integration related charges incurred. No definition available.
|
| X | ||||||||||
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- Definition
Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Restructuring and Related Charges (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Restructuring and Related Charges [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summarization of restructuring and related charges |
|
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| Summarization of the remaining accrual balance associated with the initiatives and the activity |
|
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Other Required Disclosures (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
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| Other Required Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of Receivables, net |
|
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| Components of Inventories |
|
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| Components of Properties |
|
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Segment Data (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 01, 2012
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| Segment Data [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment information |
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| X | ||||||||||
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
|
|
Description of Business and Basis of Presentation (Details)
|
9 Months Ended |
|---|---|
|
Jul. 01, 2012
Segment
|
|
| Additional Description of Business and Basis of Presentation (Textual) [Abstract] | |
| Percentage of common stock outstanding collectively held by principal stockholders | 93.20% |
| Voting interest | 68.80% |
| Number of business segments | 2 |
|
Zap Com Corporation [Member]
|
|
| Description of Business and Basis of Presentation (Textual) [Abstract] | |
| Percentage of ownership interest acquired | 97.90% |
|
Spectrum Brands [Member]
|
|
| Description of Business and Basis of Presentation (Textual) [Abstract] | |
| Company' s beneficial ownership of outstanding common stock | 57.50% |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Percentage of common stock outstanding collectively held by principal stockholders. No definition available.
|
| X | ||||||||||
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- Definition
Percentage of ownership interest acquired. No definition available.
|
| X | ||||||||||
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- Definition
Percentage of voting interest represented by common stock ownership by principal stockholders. No definition available.
|
| X | ||||||||||
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- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Comprehensive Income (Loss) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
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Jul. 03, 2011
|
||||
| Comprehensive income (loss) | |||||||
| Net income (loss) | $ (110,175) | $ 230,319 | $ (64,852) | $ 116,473 | [1] | ||
| Other comprehensive income (loss): | |||||||
| Net change to derive comprehensive income (loss) for the period | 10,287 | 103,861 | 93,421 | 121,742 | |||
| Non-credit related other-than-temporary impairment: | |||||||
| Net change to derive comprehensive income (loss) for the period | 10,287 | 103,861 | 93,421 | 121,742 | |||
| Comprehensive income (loss) | (99,888) | 334,180 | 28,569 | 238,215 | |||
| Less: Comprehensive income (loss) attributable to the noncontrolling interest: | |||||||
| Net income (loss) | 24,925 | 13,015 | 18,765 | (18,811) | [1] | ||
| Other comprehensive income (loss) | (13,707) | 5,583 | (12,037) | 13,719 | |||
| Total Comprehensive Income (Loss) | 11,218 | 18,598 | 6,728 | (5,092) | |||
| Comprehensive income (loss) attributable to the controlling interest | (111,106) | 315,582 | 21,841 | 243,307 | |||
|
Consumer Products and Other:
|
|||||||
| Other comprehensive income (loss): | |||||||
| Foreign currency translation | (34,148) | 13,139 | (30,538) | 33,009 | |||
| Net unrealized gain (loss) on derivative instruments | 1,010 | (653) | 2,127 | (3,718) | |||
| Actuarial adjustments to pension plans | 429 | 973 | |||||
| Deferred tax valuation allowance adjustments | 465 | (216) | 214 | 860 | |||
| Net change to derive comprehensive income (loss) for the period | (32,244) | 12,270 | (27,224) | 30,151 | |||
| Non-credit related other-than-temporary impairment: | |||||||
| Net change to derive comprehensive income (loss) for the period | (32,244) | 12,270 | (27,224) | 30,151 | |||
|
Insurance and Financial Services:
|
|||||||
| Unrealized investment gains (losses): | |||||||
| Changes in unrealized investment gains before reclassification adjustment | 168,530 | 227,381 | 454,793 | 227,381 | |||
| Net reclassification adjustment for gains included in net income | (41,920) | (15,032) | (175,658) | (15,032) | |||
| Changes in unrealized investment gains after reclassification adjustment | 126,610 | 212,349 | 279,135 | 212,349 | |||
| Adjustments to intangible assets | (61,254) | (71,344) | (92,527) | (71,344) | |||
| Changes in deferred income tax asset/liability | (22,874) | (49,352) | (65,357) | (49,352) | |||
| Net unrealized gain on investments | 42,482 | 91,653 | 121,251 | 91,653 | |||
| Non-credit related other-than-temporary impairment: | |||||||
| Changes in non-credit related other-than-temporary impairment | 81 | (144) | (1,530) | (144) | |||
| Adjustments to intangible assets | (5) | 48 | 598 | 48 | |||
| Changes in deferred income tax asset/liability | (27) | 34 | 326 | 34 | |||
| Net non-credit related other than-temporary impairment | $ 49 | $ (62) | $ (606) | $ (62) | |||
|
|||||||
| X | ||||||||||
|
- Definition
Other comprehensive income loss adjustments to intangible assets before tax. No definition available.
|
| X | ||||||||||
|
- Definition
Other than temporary impairment losses investments portion in other comprehensive income loss adjustments to intangible assets before tax including portion attributable to noncontrolling interest. No definition available.
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Before tax and reclassification adjustments amount of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount of the appreciation (loss) in the value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount, net of reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax and net of reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of other comprehensive income (loss) attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax and reclassification adjustments amount of the change in accumulated other comprehensive income (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount of the income statement impact of the reclassification adjustment for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax amount of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect of unrealized holding gain (loss) before reclassification adjustments and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax amount of other than temporary impairment (OTTI) on a debt security, categorized as either available-for-sale or held-to-maturity, recognized in other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax of other than temporary impairment (OTTI) loss on a debt security, categorized as either available-for-sale or held-to-maturity. Includes after tax portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tax effect of other than temporary impairment (OTTI) on a debt security, categorized as either available-for-sale or held-to-maturity, recognized in other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details) (Consumer Products and Other [Member], USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|---|---|---|
| Trading: | ||
| Marketable equity securities | $ 162,518 | $ 262,085 |
| Marketable debt securities | 6,725 | 12,665 |
| Trading Securities, Total | 169,243 | 274,750 |
| Held-to-maturity: | ||
| Held-to-maturity Securities | 34,998 | 75,888 |
| Total short-term investments | 204,241 | 350,638 |
|
U.S. Treasury securities [Member]
|
||
| Held-to-maturity: | ||
| Held-to-maturity Securities | 34,747 | 75,638 |
|
Certificate of deposit [Member]
|
||
| Held-to-maturity: | ||
| Held-to-maturity Securities | $ 251 | $ 250 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents investments in debt securities which are categorized as held-to-maturity and that have scheduled maturities within one year of the balance sheet date or the normal operating cycle, whichever is longer; such investments are measured at amortized cost (carrying value). The held-to-maturity category is for those securities that the Entity has the positive intent and ability to hold until maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Financial instruments that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time, usually less than one year or the normal operating cycle, whichever is longer) or for debt and equity securities formerly categorized as available-for-sale or held-to-maturity which the entity held as of the date it opted to account for such securities at fair value. An enterprise may also categorize such a security as trading without the intent to sell it in the near term assuming the decision to categorize the security as trading occurred at acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Debt securities that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time, usually less than one year or the normal operating cycle, whichever is longer) or for debt securities formerly categorized as available-for-sale or held-to-maturity which the entity held as of the date it opted to account for such securities at fair value. An enterprise may also categorize such a security as trading without the intent to sell it in the near term assuming the decision to categorize the security as trading occurred at acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total common and preferred stock (which is neither mandatorily redeemable nor redeemable at the option of the holder) equity securities that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time, usually less than one year or the normal operating cycle, whichever is longer) or for equity securities formerly categorized as available-for-sale or held-to-maturity which the entity held as of the date it opted to account for such securities at fair value. An enterprise may also categorize such a security as trading without the intent to sell it in the near term assuming the decision to categorize the security as trading occurred at acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 1) (Insurance and Financial Services [Member], USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|||
|---|---|---|---|---|---|
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | $ 14,616,687 | $ 15,236,307 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 788,364 | 653,005 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (92,835) | (234,795) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 15,312,216 | 15,654,517 | |||
| Derivative investments, Amortized Cost | 145,871 | 171,612 | |||
| Derivative investments, Gross Unrealized Gains | 39,027 | 405 | |||
| Derivative investments, Gross Unrealized Losses | (24,333) | (119,682) | |||
| Derivative investments, Fair Value and Carrying Value | 160,565 | 52,335 | [1] | ||
| Asset-backed loans and other invested assets, Amortized Cost | 92,424 | 44,279 | |||
| Asset-backed loans and other invested assets | 92,424 | 44,279 | [1] | ||
| Total investments, Amortized Cost | 14,854,982 | 15,452,198 | |||
| Total investment, Gross Unrealized Gains | 827,391 | 653,410 | |||
| Total investment, Gross Unrealized Losses | (117,168) | (354,477) | |||
| Total investments | 15,565,205 | 15,751,131 | [1] | ||
|
U.S. Government [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 127,943 | 175,054 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 11,213 | 8,270 | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 139,156 | 183,324 | |||
|
Asset-backed securities [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 821,203 | 501,469 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 6,112 | 1,785 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (4,629) | (2,770) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 822,686 | 500,484 | |||
|
Commercial mortgage-backed securities [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 520,806 | 580,313 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 24,185 | 3,427 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (6,468) | (18,163) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 538,523 | 565,577 | |||
|
Corporates [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 10,442,653 | 11,479,862 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 576,410 | 506,264 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (40,285) | (130,352) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 10,978,778 | 11,855,774 | |||
|
Equities [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 237,440 | 292,112 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 7,362 | 3,964 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (2,538) | (9,033) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 242,264 | 287,043 | |||
|
Hybrids [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 632,001 | 699,915 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 17,189 | 10,429 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (22,334) | (51,055) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 626,856 | 659,289 | |||
|
Municipals [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 1,110,090 | 824,562 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 137,054 | 111,929 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (1,044) | (7) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 1,246,100 | 936,484 | |||
|
Agency residential mortgage-backed securities [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 163,855 | 217,354 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 4,662 | 4,966 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (491) | (295) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | 168,026 | 222,025 | |||
|
Non-agency residential mortgage-backed securities [Member]
|
|||||
| Available-for-sale securities | |||||
| Available-for-sale Securities, Amortized Cost Basis | 560,696 | 465,666 | |||
| Available-for-sale Securities, Gross Unrealized Gains | 4,177 | 1,971 | |||
| Available-for-sale Securities, Gross Unrealized Losses | (15,046) | (23,120) | |||
| Available-for-sale Securities, Fair Value and Carrying Value | $ 549,827 | $ 444,517 | |||
|
|||||
| X | ||||||||||
|
- Definition
Available for sale securities amortized cost derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities gross gain derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities gross unrealized gains Investment. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities gross unrealized losses investment. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities losses derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Other investments amortized cost. No definition available.
|
| X | ||||||||||
|
- Definition
Unrealized amortized cost on securities. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross unrealized gains for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 2) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
|---|---|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Total fixed maturity available-for-sale securities, Amortized Cost | $ 14,379,247 |
| Total fixed maturity available-for-sale securities, Fair Value | 15,069,952 |
|
Asset-backed securities [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Other securities which provide for periodic payments, Amortized Cost | 821,203 |
| Other securities which provide for periodic payments, Fair Value | 822,686 |
|
Commercial-mortgage-backed securities [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Other securities which provide for periodic payments, Amortized Cost | 520,806 |
| Other securities which provide for periodic payments, Fair Value | 538,523 |
|
Structured hybrids [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Other securities which provide for periodic payments, Amortized Cost | 145,366 |
| Other securities which provide for periodic payments, Fair Value | 133,820 |
|
Agency residential mortgage-backed securities [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Other securities which provide for periodic payments, Amortized Cost | 163,855 |
| Other securities which provide for periodic payments, Fair Value | 168,026 |
|
Non-agency residential mortgage-backed securities [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Other securities which provide for periodic payments, Amortized Cost | 560,696 |
| Other securities which provide for periodic payments, Fair Value | 549,827 |
|
Corporate [Member] | Municipal [Member] | Non-structured Hybrids [Member] | U.S. Government securities [Member]
|
|
| Amortized cost and fair value of fixed maturity available-for-sale securities | |
| Due in one year or less, Amortized Cost | 883,426 |
| Due in one year or less, Fair Value | 885,160 |
| Due after one year through five years, Amortized Cost | 2,425,302 |
| Due after one year through five years, Fair Value | 2,483,897 |
| Due after five years through ten years, Amortized Cost | 3,491,058 |
| Due after five years through ten years, Fair Value | 3,687,917 |
| Due after ten years, Amortized Cost | 5,367,535 |
| Due after ten years, Fair Value | 5,800,096 |
| Subtotal, Amortized Cost | 12,167,321 |
| Subtotal, Fair Value | $ 12,857,070 |
| X | ||||||||||
|
- Definition
Available for sale securities debt maturities amortized cost excluding single maturity date. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities debt maturities fair value excluding single maturity date. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities fair value on debt maturities. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing after the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing after the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, which include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the next fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the cost over several maturity groupings. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of available-for-sale debt securities at fair value that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the fair value over several maturity groupings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 3) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
Securities
|
Sep. 30, 2011
Securities
|
|---|---|---|
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | $ 2,063,750 | $ 4,648,010 |
| Available-for-sale securities, fair value,12 months or longer | 747,305 | |
| Available-for-sale securities, fair value, Total | 2,811,055 | 4,648,010 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (38,843) | (234,795) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (53,992) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (92,835) | (234,795) |
| Total number of available-for-sale securities in an unrealized loss position | 359 | 505 |
|
Asset-backed Securities [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 372,352 | 275,135 |
| Available-for-sale securities, fair value,12 months or longer | 8,346 | |
| Available-for-sale securities, fair value, Total | 380,698 | 275,135 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (3,931) | (2,770) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (698) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (4,629) | (2,770) |
|
Commercial-mortgage-backed securities [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 17,426 | 338,865 |
| Available-for-sale securities, fair value,12 months or longer | 39,478 | |
| Available-for-sale securities, fair value, Total | 56,904 | 338,865 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (3,120) | (18,163) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (3,348) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (6,468) | (18,163) |
|
Corporates [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 1,237,999 | 3,081,556 |
| Available-for-sale securities, fair value,12 months or longer | 304,068 | |
| Available-for-sale securities, fair value, Total | 1,542,067 | 3,081,556 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (20,327) | (130,352) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (19,958) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (40,285) | (130,352) |
|
Equities [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 43,755 | 99,772 |
| Available-for-sale securities, fair value,12 months or longer | 15,752 | |
| Available-for-sale securities, fair value, Total | 59,507 | 99,772 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (2,029) | (9,033) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (509) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (2,538) | (9,033) |
|
Hybrids [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 111,544 | 450,376 |
| Available-for-sale securities, fair value,12 months or longer | 170,406 | |
| Available-for-sale securities, fair value, Total | 281,950 | 450,376 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (3,213) | (51,055) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (19,121) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (22,334) | (51,055) |
|
Municipals [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 109,336 | 1,137 |
| Available-for-sale securities, fair value,12 months or longer | 12,410 | |
| Available-for-sale securities, fair value, Total | 121,746 | 1,137 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (930) | (7) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (114) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (1,044) | (7) |
|
Agency residential mortgage-backed securities [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 9,499 | 25,820 |
| Available-for-sale securities, fair value,12 months or longer | 6,207 | |
| Available-for-sale securities, fair value, Total | 15,706 | 25,820 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (211) | (295) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (280) | |
| Available-for-sale Securities, gross unrealized Losses, Total | (491) | (295) |
|
Non-agency residential mortgage-backed securities [Member]
|
||
| Fair value and gross unrealized losses of available-for-sale securities | ||
| Available-for-sale securities, fair value, less than 12 months | 161,839 | 375,349 |
| Available-for-sale securities, fair value,12 months or longer | 190,638 | |
| Available-for-sale securities, fair value, Total | 352,477 | 375,349 |
| Available-for-sale Securities, gross unrealized Losses, less than 12 Months | (5,082) | (23,120) |
| Available-for-sale Securities, gross unrealized Losses, 12 Months or Longer | (9,964) | |
| Available-for-sale Securities, gross unrealized Losses, Total | $ (15,046) | $ (23,120) |
| X | ||||||||||
|
- Definition
Number of available for sale securities in unrealized loss position. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the excess of amortized cost basis over fair value of securities that have been in a loss position for twelve months or longer for securities which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the excess of amortized cost basis over fair value of securities in a loss position and categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of the excess of amortized cost basis over fair value of securities that have been in a loss position for less than twelve months for securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 4) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Reconciliation of other than temporary impairment on fixed maturity | ||||
| Beginning balance | $ 2,569 | $ 667 | ||
| Increases attributable to credit losses on securities: | ||||
| Other-than-temporary impairment was previously recognized | 112 | 112 | ||
| Other-than-temporary impairment was not previously recognized | 395 | 1,902 | 395 | |
| Ending balance | $ 2,681 | $ 395 | $ 2,681 | $ 395 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Other than temporary impairment credit losses recognized in earnings additions previous impairment. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which no such other than temporary impairment (OTTI) was previously recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Investments (Details 5) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Other-than-temporary impairments recognized in net income: | ||||
| Total other-than-temporary impairments | $ 2,487 | $ 1,259 | $ 19,787 | $ 1,259 |
|
Corporates [Member]
|
||||
| Other-than-temporary impairments recognized in net income: | ||||
| Total other-than-temporary impairments | 1,538 | 2,234 | ||
|
Non-agency residential mortgage-backed securities [Member]
|
||||
| Other-than-temporary impairments recognized in net income: | ||||
| Total other-than-temporary impairments | 828 | 1,259 | 6,901 | 1,259 |
|
Hybrids [Member]
|
||||
| Other-than-temporary impairments recognized in net income: | ||||
| Total other-than-temporary impairments | 9,688 | |||
|
Other invested assets [Member]
|
||||
| Other-than-temporary impairments recognized in net income: | ||||
| Total other-than-temporary impairments | $ 121 | $ 964 | ||
| X | ||||||||||
|
- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Investments (Details 6) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Net investment income: | ||||
| Gross investment income | $ 182,197 | $ 180,403 | $ 548,256 | $ 180,403 |
| External investment expense | (2,900) | (3,518) | (9,199) | (3,518) |
| Net investment income | 179,297 | 176,885 | 539,057 | 176,885 |
|
Fixed maturity available-for-sale securities [Member]
|
||||
| Net investment income: | ||||
| Gross investment income | 172,741 | 174,181 | 530,433 | 174,181 |
|
Equity available-for-sale securities [Member]
|
||||
| Net investment income: | ||||
| Gross investment income | 4,817 | 5,641 | 10,839 | 5,641 |
|
Policy loans [Member]
|
||||
| Net investment income: | ||||
| Gross investment income | 125 | 800 | 550 | 800 |
|
Invested cash and short-term investments [Member]
|
||||
| Net investment income: | ||||
| Gross investment income | 2,105 | 72 | 3,458 | 72 |
|
Other investments [Member]
|
||||
| Net investment income: | ||||
| Gross investment income | $ 2,409 | $ (291) | $ 2,976 | $ (291) |
| X | ||||||||||
|
- Definition
External investment expense. No definition available.
|
| X | ||||||||||
|
- Definition
Gross investment income. No definition available.
|
| X | ||||||||||
|
- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Investments (Details 7) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Net Investment Gains (Losses) | ||||
| Net realized gains on fixed maturity available-for-sale securities | $ 37,895 | $ 15,137 | $ 172,188 | $ 15,137 |
| Realized gains (losses) on equity securities | 417 | (105) | 783 | (105) |
| Net realized gains on securities | 38,312 | 15,032 | 172,971 | 15,032 |
| Realized losses on certain derivative instruments | (26,295) | (3,258) | (32,001) | (3,258) |
| Unrealized gains (losses) on certain derivative instruments | (24,839) | (10,546) | 114,649 | (10,546) |
| Change in fair value of derivatives | (51,134) | (13,804) | 82,648 | (13,804) |
| Realized losses on other invested assets | (84) | (1,003) | ||
| Net investment gains (losses) | $ (12,906) | $ 1,228 | $ 254,616 | $ 1,228 |
| X | ||||||||||
|
- Definition
Change in fair value of derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Gain loss on sale of available for sale securities. No definition available.
|
| X | ||||||||||
|
- Definition
Gain loss on sale of equity securities. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The difference between the book value and the sale price of other nonspecific investments. This element is used when other, more specific, elements are not appropriate. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 8) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Additional detail regarding investment gains (losses) on securities | ||||
| Total other-than-temporary impairments | $ (2,406) | $ (1,403) | $ (21,317) | $ (1,403) |
| Less non-credit portion of other-than-temporary impairments included in other comprehensive income | 81 | (144) | (1,530) | (144) |
| Net other-than-temporary impairments | (2,487) | (1,259) | (19,787) | (1,259) |
| Gains on derivative instruments | (51,134) | (13,804) | 82,648 | (13,804) |
| Other realized investment gains | 40,715 | 16,291 | 191,755 | 16,291 |
| Net investment gains (losses) | $ (12,906) | $ 1,228 | $ 254,616 | $ 1,228 |
| X | ||||||||||
|
- Definition
Change in fair value of derivatives. No definition available.
|
| X | ||||||||||
|
- Definition
Non credit portion of other than temporary impairments included in other comprehensive income. No definition available.
|
| X | ||||||||||
|
- Definition
Other than temporary impairment losses investments portion recognized in earnings gross. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net gain (loss) resulting from the sale or disposal of assets not required to be reported separately in the statement of income. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Investments (Details 9) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Proceeds from investments sold, matured or repaid: | ||
| Total proceeds from investments sold, matured or repaid | $ 4,386,328 | $ 1,114,541 |
| Cost of investments acquired: | ||
| Cost of investments acquired | (3,860,613) | (1,254,487) |
|
Available-for-sale [Member]
|
||
| Proceeds from investments sold, matured or repaid: | ||
| Total proceeds from investments sold, matured or repaid | 4,208,621 | 648,243 |
| Cost of investments acquired: | ||
| Cost of investments acquired | (3,696,967) | (730,468) |
|
Held-to-maturity [Member]
|
||
| Proceeds from investments sold, matured or repaid: | ||
| Total proceeds from investments sold, matured or repaid | 75,649 | 70,792 |
| Cost of investments acquired: | ||
| Cost of investments acquired | (34,758) | (52,682) |
|
Trading [Member]
|
||
| Proceeds from investments sold, matured or repaid: | ||
| Total proceeds from investments sold, matured or repaid | 12,027 | 331,417 |
| Cost of investments acquired: | ||
| Cost of investments acquired | (22,924) | (433,810) |
|
Derivatives and other [Member]
|
||
| Proceeds from investments sold, matured or repaid: | ||
| Total proceeds from investments sold, matured or repaid | 90,031 | 64,089 |
| Cost of investments acquired: | ||
| Cost of investments acquired | $ (105,964) | $ (37,527) |
| X | ||||||||||
|
- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Investments (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Sep. 30, 2011
|
|
| Investments (Textual) [Abstract] | |||||
| Impairment losses on operations | $ 2,487 | $ 1,259 | $ 19,787 | $ 1,259 | |
| Available for sale securities on fixed maturity | 461,506 | 461,506 | |||
| Gross gains on available-for-sale securities | 12,866 | 12,866 | |||
| Gross losses on available-for-sale securities | 1,815 | 1,815 | |||
| Net realized gains on available-for-sale securities | 2,487 | 1,259 | 19,787 | 1,259 | |
|
FGL [Member]
|
|||||
| Investments (Textual) [Abstract] | |||||
| Fair value of investment securities in banking industry | 1,982,603 | 1,982,603 | |||
| Percentage of invested assets portfolio | 12.80% | 12.80% | |||
| Issues on investment | 121 | 121 | |||
| Percentage of investment accounting | 38.00% | 38.00% | |||
| FGL exposure to sub prime | 236,441 | 236,441 | |||
| Exposure to sub-prime and Alternative-A residential mortgage-backed securities | 87,073 | 87,073 | |||
| Percentage of FGL exposure to sub prime | 1.50% | 1.50% | |||
| Percentage Of exposure to sub-prime and Alternative-A residential mortgage-backed securities To Invested Assets | 0.60% | 0.60% | |||
|
Net Investment Income [Member]
|
|||||
| Investments (Textual) [Abstract] | |||||
| Available for sale securities on fixed maturity | 1,216,158 | 4,366,308 | |||
| Gross gains on available-for-sale securities | 49,469 | 211,908 | |||
| Gross losses on available-for-sale securities | 9,208 | 20,897 | |||
|
Insurance and Financial Services:
|
|||||
| Investments (Textual) [Abstract] | |||||
| Unrealized losses included in AOCI related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities | 92,835 | 92,835 | 234,795 | ||
| Fair value on securities | 27,016 | 27,016 | 31,320 | ||
| Percentage of amortized cost | 20.00% | ||||
| Percentage of carrying value of all investments | 1.00% | ||||
| Impairment losses on operations | 2,487 | 1,259 | 19,787 | 1,259 | |
| Amortized cost on other than temporary impairments | 101,887 | 12,140 | 101,887 | 12,140 | |
| Fair value on other than temporary impairments | 80,570 | 10,737 | 80,570 | 10,737 | |
|
Non-agency residential mortgage-backed securities [Member]
|
|||||
| Investments (Textual) [Abstract] | |||||
| Unrealized gain included in AOCI related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities | 851 | 851 | 524 | ||
| Unrealized losses included in AOCI related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities | 1,880 | 1,880 | 24 | ||
| Impairment losses on operations | 828 | 1,259 | 6,901 | 1,259 | |
|
Non-agency residential mortgage-backed securities [Member] | Insurance and Financial Services:
|
|||||
| Investments (Textual) [Abstract] | |||||
| Unrealized losses included in AOCI related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities | $ 15,046 | $ 15,046 | $ 23,120 | ||
| X | ||||||||||
|
- Definition
Amortized cost of investments with other than temporary impairments. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale depressed securities fair value disclosure. No definition available.
|
| X | ||||||||||
|
- Definition
Available for sale securities on fixed maturity under commitment agreement. No definition available.
|
| X | ||||||||||
|
- Definition
Exposure to sub prime and alternative A residential mortgage backed securities. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value of investments with other than temporary impairments. No definition available.
|
| X | ||||||||||
|
- Definition
Investment exposure to sub prime. No definition available.
|
| X | ||||||||||
|
- Definition
Investment percentage exposure to sub prime. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of investment issuers. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of available for sale depressed securities above amortized cost. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of available for sale depressed securities in relation to carrying values of all investments. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of exposure to sub prime and alternative A residential mortgage backed securities to invested assets. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of investment in industry relation to aggregate holdings in industry. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of investments fair value in relation to invested assets portfolio. No definition available.
|
| X | ||||||||||
|
- Definition
Unrealized gain related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
| X | ||||||||||
|
- Definition
Unrealized losses related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount by which the fair value of an investment in debt and equity securities categorized as Available-for-sale is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Financial Instruments (Details) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|---|---|---|
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | $ 5,556 | $ 3,463 |
| Total liability derivatives | 206,090 | 104,215 |
|
Derivatives designated as hedging instruments [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | 5,285 | 3,463 |
| Total liability derivatives | 3,446 | 5,884 |
|
Commodity contracts [Member] | Derivatives designated as hedging instruments [Member] | Receivables [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | 274 | |
|
Commodity contracts [Member] | Derivatives designated as hedging instruments [Member] | Accounts payable [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 1,801 | 1,228 |
|
Commodity contracts [Member] | Derivatives designated as hedging instruments [Member] | Other liabilities [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 892 | 4 |
|
Foreign exchange contracts [Member] | Derivatives designated as hedging instruments [Member] | Receivables [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | 4,959 | 3,189 |
|
Foreign exchange contracts [Member] | Derivatives designated as hedging instruments [Member] | Deferred charges and other assets [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | 326 | |
|
Foreign exchange contracts [Member] | Derivatives designated as hedging instruments [Member] | Accounts payable [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 753 | 2,698 |
|
Foreign exchange contracts [Member] | Derivatives not designated as hedging instruments [Member] | Receivables [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total asset derivatives | 271 | |
|
Foreign exchange contracts [Member] | Derivatives not designated as hedging instruments [Member] | Accounts payable [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 1,780 | 10,945 |
|
Foreign exchange contracts [Member] | Derivatives not designated as hedging instruments [Member] | Other liabilities [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 1,504 | 12,036 |
|
Interest rate contracts [Member] | Derivatives designated as hedging instruments [Member] | Accounts payable [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 1,246 | |
|
Interest rate contracts [Member] | Derivatives designated as hedging instruments [Member] | Accrued and other current liabilities [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | 708 | |
|
Derivative Equity Conversion Feature of Preferred Stock [Member] | Derivatives not designated as hedging instruments [Member] | Equity conversion feature of preferred stock [Member]
|
||
| Fair value of outstanding derivative contracts recorded in the Consumer Products and Other sections of the accompanying Condensed Consolidated Balance Sheets | ||
| Total liability derivatives | $ 199,360 | $ 75,350 |
| X | ||||||||||
|
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Derivative Financial Instruments (Details 1) (Cash Flow Hedging [Member], Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI | ||||
| Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | $ 3,210 | $ (5,173) | $ 391 | $ (13,923) |
| Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | 309 | (4,493) | (3,214) | (9,146) |
| Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | (6) | (28) | 8 | (277) |
|
Commodity contracts [Member] | Cost of goods sold [Member]
|
||||
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI | ||||
| Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | (2,368) | (109) | (1,989) | 1,764 |
| Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | (120) | 587 | (675) | 1,921 |
| Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | (6) | 16 | 8 | 17 |
|
Interest rate contracts [Member] | Interest expense [Member]
|
||||
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI | ||||
| Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | (42) | 15 | (102) | |
| Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | (839) | (864) | (2,527) | |
| Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) | (44) | (294) | ||
|
Foreign exchange contracts [Member] | Cost of goods sold [Member]
|
||||
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI | ||||
| Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | 5,973 | (5,011) | 2,426 | (15,801) |
| Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | 558 | (4,346) | (1,336) | (8,438) |
|
Foreign exchange contracts [Member] | Net sales [Member]
|
||||
| Pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI | ||||
| Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | (395) | (11) | (61) | 216 |
| Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | $ (129) | $ 105 | $ (339) | $ (102) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Financial Instruments (Details 2) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Summary of Gain (Loss) Recognized in Income on Derivatives | ||||
| Gain (Loss) Recognized in Income on Derivatives | $ (117,599) | $ (1,618) | $ (112,276) | $ (11,508) |
|
Foreign exchange contracts [Member] | Other income (expense), net [Member]
|
||||
| Summary of Gain (Loss) Recognized in Income on Derivatives | ||||
| Gain (Loss) Recognized in Income on Derivatives | 7,941 | (7,578) | 11,734 | (17,468) |
|
Derivative Equity Conversion Feature of Preferred Stock [Member] | (Increase)decrease in fair value of equity conversion feature of preferred stock [Member]
|
||||
| Summary of Gain (Loss) Recognized in Income on Derivatives | ||||
| Gain (Loss) Recognized in Income on Derivatives | $ (125,540) | $ 5,960 | $ (124,010) | $ 5,960 |
| X | ||||||||||
|
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Derivative Financial Instruments (Details 3) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|---|---|---|
|
Insurance and Financial Services:
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total asset derivatives | $ 160,565 | $ 52,335 |
| Total liability derivatives | 1,486,465 | 1,400,568 |
|
Call options [Member]
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total asset derivatives | 156,919 | 52,335 |
|
Call options [Member] | Insurance and Financial Services:
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total asset derivatives | 156,919 | 52,335 |
|
Futures contract [Member] | Insurance and Financial Services:
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total asset derivatives | 3,646 | |
| Total liability derivatives | 3,828 | |
|
FIA embedded derivative [Member] | Insurance and Financial Services:
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total liability derivatives | 1,486,465 | 1,396,340 |
|
Available-for-sale embedded derivative [Member] | Insurance and Financial Services:
|
||
| Derivative Fair Value of Derivative Net [Abstract] | ||
| Total liability derivatives | $ 400 |
| X | ||||||||||
|
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Derivative Financial Instruments (Details 4) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Net investment gains (losses): | ||||
| Total net investment gains | $ (51,134) | $ (13,804) | $ 82,648 | $ (13,804) |
| Net investment income: | ||||
| Available-for-sale embedded derivatives | (13,796) | (13,796) | ||
| Total | (50,758) | 83,048 | ||
|
Call options [Member]
|
||||
| Net investment gains (losses): | ||||
| Total net investment gains | (44,557) | (15,400) | 48,722 | (15,400) |
|
Futures contract [Member]
|
||||
| Net investment gains (losses): | ||||
| Total net investment gains | (6,577) | 1,596 | 33,926 | 1,596 |
|
Available-for-sale embedded derivative [Member]
|
||||
| Net investment income: | ||||
| Available-for-sale embedded derivatives | 376 | 8 | 400 | 8 |
|
FIA embedded derivative [Member]
|
||||
| Benefits and other changes in policy reserves: | ||||
| FIA embedded derivatives | $ (10,338) | $ (21,802) | $ 90,125 | $ (21,802) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Change in fair value derivative instrument in revenue. No definition available.
|
| X | ||||||||||
|
- Definition
Derivative instruments benefits and other changes in policy reserve. No definition available.
|
| X | ||||||||||
|
- Definition
Derivatives instrument net investment gains. No definition available.
|
| X | ||||||||||
|
- Definition
Derivatives instrument net investment gains in income. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
Derivative Financial Instruments (Details 5) (Call options [Member], USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Sep. 30, 2011
|
|
| FGL's exposure to credit loss on the call options held | ||
| Notional Amount | $ 5,771,212 | $ 5,604,269 |
| Derivative investments | 156,919 | 52,335 |
|
Bank of America [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | Baa2/A- | |
| Notional Amount | 1,910,817 | 1,692,142 |
| Derivative investments | 49,687 | 14,637 |
|
Morgan Stanley [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | Baa1/A- | |
| Notional Amount | 1,784,389 | 1,629,247 |
| Derivative investments | 42,854 | 15,373 |
|
Deutsche Bank [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | A2/A+ | |
| Notional Amount | 1,570,297 | 1,463,596 |
| Derivative investments | 40,107 | 11,402 |
|
Royal Bank of Scotland [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | Baa1/A- | |
| Notional Amount | 239,175 | |
| Derivative investments | 11,580 | |
|
Barclay's Bank [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | A2/A+ | |
| Notional Amount | 139,534 | 385,189 |
| Derivative investments | 2,436 | 4,105 |
|
Nomura [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | Baa2/A- | |
| Notional Amount | 107,000 | 107,000 |
| Derivative investments | 9,897 | 4,033 |
|
Credit Suisse [Member]
|
||
| FGL's exposure to credit loss on the call options held | ||
| Credit Rating (Moody's/S&P) | A2/A | |
| Notional Amount | 20,000 | 327,095 |
| Derivative investments | $ 358 | $ 2,785 |
| X | ||||||||||
|
- Definition
Derivative instrument credit rating. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Financial Instruments (Details Textual) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Sep. 30, 2011
|
|
| Derivative (Textual) [Abstract] | ||
| Cash collateral | $ 7,366 | $ 9,820 |
| Derivative Financial Instruments (Additional Textual) [Abstract] | ||
| Call options purchased to match the funding requirements | Call options are one, two and three year options | |
| FGL purchases call options to fund the next index credit | One, two or three year call options to fund the next index credit | |
|
Futures contract [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Futures contracts | 2,140 | 2,458 |
|
Maximum [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Maximum amount of loss due to credit risk | 156,919 | 52,335 |
|
Standby Letters of Credit [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Standby letters of credit | 0 | |
|
Spectrum Brands [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Notional Amount | 2,249 | 0 |
| Notional value for foreign exchange derivative contracts outstanding | 189,538 | 265,974 |
| Credit reserve on its derivative assets | 26 | 18 |
| Cash collateral | 1,717 | 418 |
|
Spectrum Brands [Member] | Standby Letters of Credit [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Standby letters of credit | 2,000 | |
|
Foreign exchange contracts [Member] | Spectrum Brands [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Derivative net loss/gain | 1,880 | |
| Derivative net loss/gain, Net of tax benefit/expense | 1,262 | |
| Derivative net loss Net of Noncontrolling interest | 1,389 | |
| Estimated amount of derivative net losses to be reclassified from AOCI into earnings over the next twelve months | 1,762 | |
| Notional Amount | 120,804 | |
|
Swap contracts [Member] | Spectrum Brands [Member]
|
||
| Derivative (Textual) [Abstract] | ||
| Derivative net loss/gain | 1,279 | |
| Derivative net loss/gain, Net of tax benefit/expense | 428 | |
| Derivative net loss Net of Noncontrolling interest | 946 | |
| Estimated amount of derivative net losses to be reclassified from AOCI into earnings over the next twelve months | 850 | |
| Weight of raw material under derivative contract | 16 | |
| Notional Amount | $ 31,665 |
| X | ||||||||||
|
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax portion attributable to noncontrolling. No definition available.
|
| X | ||||||||||
|
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument tax. No definition available.
|
| X | ||||||||||
|
- Definition
Call options purchased to fund the next index credit. No definition available.
|
| X | ||||||||||
|
- Definition
Call options purchased to match the funding requirements. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Weight of raw material under derivative contract. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate fair value of assets that are already posted, at the end of the reporting period, as collateral for derivative instruments with credit-risk-related contingent features. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of credit risk derivative assets, which includes all such derivative instruments in hedging and non-hedging relationships that are recognized as assets on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of derivative instruments of a particular group held by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum amount the entity would be obligated to pay on the credit risk derivatives upon occurrence of a credit event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of foreign currency exchange rate derivatives. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value of Financial Instruments (Details) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
Jul. 03, 2011
|
Sep. 30, 2010
|
|||
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash and cash equivalents | $ 1,832,826 | $ 1,137,359 | $ 1,189,813 | $ 256,831 | |||
|
Consumer Products and Other [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 262,261 | 321,352 | [1] | 449,190 | |||
| Derivatives: | |||||||
| Equity conversion feature of preferred stock | 199,360 | 75,350 | [1] | ||||
|
Recurring [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Total financial assets | 17,648,836 | 17,242,600 | |||||
| Derivatives: | |||||||
| Total financial liabilities | 18,130,011 | 17,094,630 | |||||
|
Recurring [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Total financial assets | 17,648,835 | 17,242,602 | |||||
| Derivatives: | |||||||
| Total financial liabilities | 16,866,499 | 16,064,384 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Carrying Amount [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 262,261 | 321,352 | |||||
| Contingent purchase price reduction receivable | 41,000 | ||||||
| Liabilities | |||||||
| Total debt | 2,324,655 | 2,048,780 | |||||
| Derivatives: | |||||||
| Equity conversion feature of preferred stock | 199,360 | 75,350 | |||||
| Redeemable preferred stock, excluding equity conversion feature | 313,450 | 292,437 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Carrying Amount [Member] | Foreign exchange forward agreements [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 4,037 | 25,679 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Carrying Amount [Member] | Commodity swap and option [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 274 | ||||||
| Derivative investments | 274 | ||||||
| Derivatives: | |||||||
| Derivatives | 2,963 | 1,232 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Carrying Amount [Member] | Interest Rate Swap [Member]
|
|||||||
| Derivatives: | |||||||
| Derivatives | 1,954 | ||||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fair Value [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 262,261 | 321,352 | |||||
| Contingent purchase price reduction receivable | 41,000 | ||||||
| Liabilities | |||||||
| Total debt | 2,467,870 | 2,135,528 | |||||
| Derivatives: | |||||||
| Equity conversion feature of preferred stock | 199,360 | 75,350 | |||||
| Redeemable preferred stock, excluding equity conversion feature | 366,600 | 337,060 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fair Value [Member] | Foreign exchange forward agreements [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 4,037 | 25,679 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fair Value [Member] | Commodity swap and option [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 274 | ||||||
| Derivative investments | 274 | ||||||
| Derivatives: | |||||||
| Derivatives | 2,963 | 1,232 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fair Value [Member] | Interest Rate Swap [Member]
|
|||||||
| Derivatives: | |||||||
| Derivatives | 1,954 | ||||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fixed Maturities [Member] | Carrying Amount [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 6,725 | 12,665 | |||||
| Fixed maturity securities - held-to-maturity | 35,006 | 75,897 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Fixed Maturities [Member] | Fair Value [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 6,725 | 12,665 | |||||
| Fixed maturity securities - held-to-maturity | 35,005 | 75,899 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Equity [Member] | Carrying Amount [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 162,518 | 262,085 | |||||
|
Recurring [Member] | Consumer Products and Other [Member] | Equity [Member] | Fair Value [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 162,518 | 262,085 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Carrying Amount [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 1,570,565 | 816,007 | |||||
| Derivatives: | |||||||
| Derivative investments | 160,565 | 52,335 | |||||
| Derivative investments | 160,565 | 52,335 | |||||
| Other invested assets | 44,279 | ||||||
| Asset-backed loans and other invested assets | 92,424 | ||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 3,828 | ||||||
| Investment contracts, included in contractholder funds | 13,799,351 | 13,153,630 | |||||
| Note payable | 95,000 | ||||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Carrying Amount [Member] | FIA Embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 1,486,465 | 1,396,340 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Carrying Amount [Member] | Available-for-sale embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 400 | ||||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Fair Value [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 1,570,565 | 816,007 | |||||
| Derivatives: | |||||||
| Derivative investments | 160,565 | 52,335 | |||||
| Derivative investments | 160,565 | 52,335 | |||||
| Other invested assets | 44,279 | ||||||
| Asset-backed loans and other invested assets | 92,424 | ||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 3,828 | ||||||
| Investment contracts, included in contractholder funds | 12,339,474 | 11,992,013 | |||||
| Note payable | 95,000 | ||||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Fair Value [Member] | FIA Embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 1,486,465 | 1,396,340 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Fair Value [Member] | Available-for-sale embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 400 | ||||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Equity [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 242,264 | 287,043 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Equity [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 242,264 | 287,043 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Asset-backed Securities [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 822,686 | 500,484 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Asset-backed Securities [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 822,686 | 500,484 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Commercial mortgage-backed securities [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 538,523 | 565,577 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Commercial mortgage-backed securities [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 538,523 | 565,577 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Corporates [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 10,978,778 | 11,855,774 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Corporates [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 10,978,778 | 11,855,774 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Hybrids [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 626,856 | 659,289 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Hybrids [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 626,856 | 659,289 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Municipals [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 1,246,100 | 936,484 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Municipals [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 1,246,100 | 936,484 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Agency residential mortgage-backed securities [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 168,026 | 222,025 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Agency residential mortgage-backed securities [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 168,026 | 222,025 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Non-agency residential mortgage-backed securities [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 549,827 | 444,517 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | Non-agency residential mortgage-backed securities [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 549,827 | 444,517 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | U.S. Government [Member] | Carrying Amount [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 139,156 | 183,324 | |||||
|
Recurring [Member] | Insurance and Financial Services [Member] | U.S. Government [Member] | Fair Value [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 139,156 | 183,324 | |||||
|
Recurring [Member] | Level 1 [Member]
|
|||||||
| Derivatives: | |||||||
| Total financial assets | 2,124,416 | 1,555,977 | |||||
| Derivatives: | |||||||
| Total financial liabilities | 510,000 | 500,000 | |||||
|
Recurring [Member] | Level 1 [Member] | Consumer Products and Other [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 262,261 | 321,352 | |||||
| Liabilities | |||||||
| Total debt | 510,000 | 500,000 | |||||
|
Recurring [Member] | Level 1 [Member] | Consumer Products and Other [Member] | Equity [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 162,518 | 238,062 | |||||
|
Recurring [Member] | Level 1 [Member] | Insurance and Financial Services [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 1,560,481 | 813,239 | |||||
|
Recurring [Member] | Level 1 [Member] | Insurance and Financial Services [Member] | U.S. Government [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 139,156 | 183,324 | |||||
|
Recurring [Member] | Level 2 [Member]
|
|||||||
| Derivatives: | |||||||
| Total financial assets | 14,478,825 | 15,095,868 | |||||
| Derivatives: | |||||||
| Total financial liabilities | 1,964,600 | 1,763,221 | |||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member]
|
|||||||
| Liabilities | |||||||
| Total debt | 1,957,870 | 1,635,528 | |||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member] | Foreign exchange forward agreements [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivative investments | 5,556 | 3,189 | |||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 4,037 | 25,679 | |||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member] | Commodity swap and option [Member]
|
|||||||
| Derivatives: | |||||||
| Derivative investments | 274 | ||||||
| Derivative investments | 274 | ||||||
| Derivatives: | |||||||
| Derivatives | 2,693 | 1,232 | |||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member] | Interest Rate Swap [Member]
|
|||||||
| Derivatives: | |||||||
| Derivatives | 1,954 | ||||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member] | Fixed Maturities [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 6,725 | 12,665 | |||||
| Fixed maturity securities - held-to-maturity | 35,005 | 75,899 | |||||
|
Recurring [Member] | Level 2 [Member] | Consumer Products and Other [Member] | Equity [Member]
|
|||||||
| Short-term investments (including related interest receivable of $8 and $9) | |||||||
| Equity securities/ Fixed maturity securities - trading | 24,023 | ||||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member]
|
|||||||
| Assets | |||||||
| Cash and cash equivalents | 10,084 | 2,768 | |||||
| Derivatives: | |||||||
| Derivative investments | 160,565 | 52,335 | |||||
| Derivative investments | 160,565 | 52,335 | |||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 3,828 | ||||||
| Note payable | 95,000 | ||||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Equity [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 242,264 | 287,043 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Asset-backed Securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 63,610 | 125,966 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Commercial mortgage-backed securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 538,523 | 565,577 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Corporates [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 10,831,535 | 11,696,090 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Hybrids [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 621,675 | 654,084 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Municipals [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 1,246,045 | 936,484 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Agency residential mortgage-backed securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 168,026 | 218,713 | |||||
|
Recurring [Member] | Level 2 [Member] | Insurance and Financial Services [Member] | Non-agency residential mortgage-backed securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 549,212 | 440,758 | |||||
|
Recurring [Member] | Level 3 [Member]
|
|||||||
| Derivatives: | |||||||
| Total financial assets | 1,045,594 | 590,757 | |||||
| Derivatives: | |||||||
| Total financial liabilities | 14,391,899 | 13,801,163 | |||||
|
Recurring [Member] | Level 3 [Member] | Consumer Products and Other [Member]
|
|||||||
| Assets | |||||||
| Contingent purchase price reduction receivable | 41,000 | ||||||
| Derivatives: | |||||||
| Equity conversion feature of preferred stock | 199,360 | 75,350 | |||||
| Redeemable preferred stock, excluding equity conversion feature | 366,600 | 337,060 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member]
|
|||||||
| Derivatives: | |||||||
| Other invested assets | 44,279 | ||||||
| Asset-backed loans and other invested assets | 92,424 | ||||||
| Derivatives: | |||||||
| Investment contracts, included in contractholder funds | 12,339,474 | 11,992,013 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | FIA Embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 1,486,465 | 1,396,340 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Available-for-sale embedded derivatives [Member]
|
|||||||
| Derivatives: | |||||||
| Foreign exchange forward agreement | 400 | ||||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Asset-backed Securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 759,076 | 374,518 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Corporates [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 147,243 | 159,684 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Hybrids [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 5,181 | 5,205 | |||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Municipals [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 55 | ||||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Agency residential mortgage-backed securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | 3,312 | ||||||
|
Recurring [Member] | Level 3 [Member] | Insurance and Financial Services [Member] | Non-agency residential mortgage-backed securities [Member]
|
|||||||
| Derivatives: | |||||||
| Fixed maturity securities, available-for-sale | $ 615 | $ 3,759 | |||||
|
|||||||
| X | ||||||||||
|
- Definition
Asset backed loans and other invested assets. No definition available.
|
| X | ||||||||||
|
- Definition
Assets fair value disclosure and measurement. No definition available.
|
| X | ||||||||||
|
- Definition
Contingent purchase price reduction receivable. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
|
| X | ||||||||||
|
- Definition
Held to maturity securities current Fair value disclosure. No definition available.
|
| X | ||||||||||
|
- Definition
Liabilities fair value disclosure and measurement. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Derivative instrument obligations meeting the definition of a liability which the Company is a party to as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. The amount shown on an entity's books for liabilities related to investment contracts (guaranteed investment contract, annuities), net of any reductions or offsets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of mandatorily redeemable preferred stock which the Company has issued and which is outstanding as of the balance sheet date. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable and, therefore, becomes a liability - if that event occurs, the condition is resolved, or the event becomes certain to occur. A mandatorily redeemable financial instrument is classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Trading Securities which consist of all investments in certain debt and equity securities that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for which an entity has elected the fair value option. Trading generally reflects active and frequent buying and selling, and trading securities are generally used with the objective of generating profits on short-term differences in price, but this category of investments may also include items which are not intended to be sold in the near term or for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value of Financial Instruments (Details 1) (Recurring [Member], Level 3 [Member], USD $)
In Thousands, unless otherwise specified |
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
| Assets | |
| Assets | $ 953,170 |
| Liabilities | |
| Total | 1,685,825 |
|
Contingent purchase price reduction receivable [Member]
|
|
| Assets | |
| Assets | 41,000 |
| Liabilities | |
| Discount Rate | 0.92% |
|
Non-agency residential mortgage-backed securities [Member]
|
|
| Assets | |
| Assets | 615 |
|
Maximum [Member]
|
|
| Liabilities | |
| Quoted Prices | 101.07% |
|
Maximum [Member] | Contingent purchase price reduction receivable [Member]
|
|
| Liabilities | |
| Probability of collection | 96.00% |
|
Maximum [Member] | Non-agency residential mortgage-backed securities [Member]
|
|
| Liabilities | |
| Offered quotes | 34.34% |
|
Minimum [Member]
|
|
| Liabilities | |
| Quoted Prices | 150.08% |
|
Minimum [Member] | Contingent purchase price reduction receivable [Member]
|
|
| Liabilities | |
| Probability of collection | 88.00% |
| Expected term | 1 year |
| Credit insurance risk premium | 11.70% |
|
Minimum [Member] | Non-agency residential mortgage-backed securities [Member]
|
|
| Liabilities | |
| Offered quotes | 34.34% |
|
Weighted Average [Member]
|
|
| Liabilities | |
| Quoted Prices | 105.15% |
|
Weighted Average [Member] | Contingent purchase price reduction receivable [Member]
|
|
| Liabilities | |
| Probability of collection | 92.00% |
|
Weighted Average [Member] | Non-agency residential mortgage-backed securities [Member]
|
|
| Liabilities | |
| Offered quotes | 34.34% |
|
FIA [Member]
|
|
| Liabilities | |
| Total | 1,486,465 |
|
FIA [Member] | Maximum [Member]
|
|
| Liabilities | |
| Market value of option | 35.40% |
| SWAP rates | 1.79% |
| Mortality multiplier | 70.00% |
| Surrender rates | 50.00% |
| Non-performance spread | 0.25% |
|
FIA [Member] | Minimum [Member]
|
|
| Liabilities | |
| Market value of option | 0.00% |
| SWAP rates | 0.97% |
| Mortality multiplier | 70.00% |
| Surrender rates | 2.00% |
| Non-performance spread | 0.25% |
|
FIA [Member] | Weighted Average [Member]
|
|
| Liabilities | |
| Market value of option | 2.91% |
| SWAP rates | 1.37% |
| Mortality multiplier | 70.00% |
| Surrender rates | 7.00% |
| Non-performance spread | 0.25% |
|
Equity conversion feature of preferred stock [Member]
|
|
| Liabilities | |
| Total | 199,360 |
| Annualized volatility of equity | 40.00% |
|
Equity conversion feature of preferred stock [Member] | Maximum [Member]
|
|
| Liabilities | |
| Discount yield | 12.70% |
| Non-cash accretion rate | 2.00% |
| Calibration adjustment | 17.00% |
|
Equity conversion feature of preferred stock [Member] | Minimum [Member]
|
|
| Liabilities | |
| Discount yield | 12.00% |
| Non-cash accretion rate | 0.00% |
| Calibration adjustment | 15.00% |
|
Equity conversion feature of preferred stock [Member] | Weighted Average [Member]
|
|
| Liabilities | |
| Discount yield | 12.20% |
| Calibration adjustment | 15.50% |
|
Asset-backed Securities [Member]
|
|
| Assets | |
| Assets | 759,076 |
|
Asset-backed Securities [Member] | Maximum [Member]
|
|
| Liabilities | |
| Offered quotes | 100.53% |
|
Asset-backed Securities [Member] | Minimum [Member]
|
|
| Liabilities | |
| Offered quotes | 76.77% |
|
Asset-backed Securities [Member] | Weighted Average [Member]
|
|
| Liabilities | |
| Offered quotes | 94.39% |
|
Corporates [Member] | Maximum [Member]
|
|
| Liabilities | |
| Offered quotes | 121.15% |
|
Corporates [Member] | Minimum [Member]
|
|
| Liabilities | |
| Offered quotes | 0.00% |
|
Corporates [Member] | Weighted Average [Member]
|
|
| Liabilities | |
| Offered quotes | 78.73% |
|
Hybrids [Member]
|
|
| Assets | |
| Assets | 5,181 |
| Liabilities | |
| Quoted Prices | 103.63% |
|
Municipals [Member]
|
|
| Assets | |
| Assets | 55 |
|
Municipals [Member] | Maximum [Member]
|
|
| Liabilities | |
| Offered quotes | 121.36% |
|
Municipals [Member] | Minimum [Member]
|
|
| Liabilities | |
| Offered quotes | 121.36% |
|
Municipals [Member] | Weighted Average [Member]
|
|
| Liabilities | |
| Offered quotes | 121.36% |
|
Discounted cash flow [Member] | Contingent purchase price reduction receivable [Member]
|
|
| Liabilities | |
| Valuation technique | Discounted cash flow |
|
Discounted cash flow [Member] | FIA [Member]
|
|
| Liabilities | |
| Valuation technique | Discounted cash flow |
|
Broker-quoted [Member] | Non-agency residential mortgage-backed securities [Member]
|
|
| Liabilities | |
| Valuation technique | Broker-quoted |
|
Broker-quoted [Member] | Asset-backed Securities [Member]
|
|
| Liabilities | |
| Valuation technique | Broker-quoted |
|
Broker-quoted [Member] | Corporates [Member]
|
|
| Assets | |
| Assets | 127,572 |
| Liabilities | |
| Valuation technique | Broker-quoted |
|
Broker-quoted [Member] | Municipals [Member]
|
|
| Liabilities | |
| Valuation technique | Broker-quoted |
|
Market pricing [Member] | Corporates [Member]
|
|
| Assets | |
| Assets | $ 19,671 |
| Liabilities | |
| Valuation technique | Market pricing |
|
Market pricing [Member] | Hybrids [Member]
|
|
| Liabilities | |
| Valuation technique | Market pricing |
|
Monte Carlo simulation [Member] | Equity conversion feature of preferred stock [Member]
|
|
| Liabilities | |
| Valuation technique | Monte Carlo simulation |
|
Option model [Member] | Equity conversion feature of preferred stock [Member]
|
|
| Liabilities | |
| Valuation technique | Option model |
| X | ||||||||||
|
- Definition
Fair value inputs market value of option. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurements annualized volatility of equity. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurements calibration adjustment. No definition available.
|
| X | ||||||||||
|
- Definition
Credit insurance risk premium. No definition available.
|
| X | ||||||||||
|
- Definition
Discount yield. No definition available.
|
| X | ||||||||||
|
- Definition
Mortality multiplier. No definition available.
|
| X | ||||||||||
|
- Definition
Non-cash accretion rate. No definition available.
|
| X | ||||||||||
|
- Definition
Non-performance spread. No definition available.
|
| X | ||||||||||
|
- Definition
Offered quotes. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurements probability of collection. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurements quoted prices. No definition available.
|
| X | ||||||||||
|
- Definition
Surrender rates. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value measurements swap rates. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Description of the inputs and valuation technique(s) used to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the liabilities reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Fair Value of Financial Instruments (Details 2) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
FIA embedded derivatives, included in contractholder funds [Member]
|
Jul. 03, 2011
FIA embedded derivatives, included in contractholder funds [Member]
|
Jul. 01, 2012
FIA embedded derivatives, included in contractholder funds [Member]
|
Jul. 03, 2011
FIA embedded derivatives, included in contractholder funds [Member]
|
Jul. 01, 2012
Available-for-sale embedded derivatives [Member]
|
Jul. 03, 2011
Available-for-sale embedded derivatives [Member]
|
Jul. 01, 2012
Available-for-sale embedded derivatives [Member]
|
Jul. 03, 2011
Available-for-sale embedded derivatives [Member]
|
Jul. 01, 2012
Equity conversion feature of preferred stock [Member]
|
Jul. 03, 2011
Equity conversion feature of preferred stock [Member]
|
Jul. 01, 2012
Equity conversion feature of preferred stock [Member]
|
Jul. 03, 2011
Equity conversion feature of preferred stock [Member]
|
Jul. 01, 2012
Contingent purchase price reduction receivable [Member]
|
Apr. 01, 2012
Contingent purchase price reduction receivable [Member]
|
Jul. 01, 2012
Agency residential mortgage-backed securities [Member]
|
Jul. 03, 2011
Agency residential mortgage-backed securities [Member]
|
Jul. 01, 2012
Agency residential mortgage-backed securities [Member]
|
Jul. 03, 2011
Agency residential mortgage-backed securities [Member]
|
Jul. 01, 2012
Non-agency residential mortgage-backed securities [Member]
|
Jul. 03, 2011
Non-agency residential mortgage-backed securities [Member]
|
Jul. 01, 2012
Non-agency residential mortgage-backed securities [Member]
|
Jul. 03, 2011
Non-agency residential mortgage-backed securities [Member]
|
Jul. 01, 2012
Asset-backed Securities [Member]
|
Jul. 03, 2011
Asset-backed Securities [Member]
|
Jul. 01, 2012
Asset-backed Securities [Member]
|
Jul. 03, 2011
Asset-backed Securities [Member]
|
Jul. 01, 2012
Corporates [Member]
|
Jul. 03, 2011
Corporates [Member]
|
Jul. 01, 2012
Corporates [Member]
|
Jul. 03, 2011
Corporates [Member]
|
Jul. 01, 2012
Hybrids [Member]
|
Jul. 03, 2011
Hybrids [Member]
|
Jul. 01, 2012
Hybrids [Member]
|
Jul. 03, 2011
Hybrids [Member]
|
Jul. 01, 2012
Municipals [Member]
|
Jul. 01, 2012
Municipals [Member]
|
|
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Balance at Beginning of Period | $ 684,073 | $ 618,501 | $ 546,478 | $ 618,501 | $ 41,000 | $ 3,330 | $ 3,271 | $ 3,312 | $ 3,271 | $ 1,217 | $ 18,519 | $ 3,759 | $ 18,519 | $ 502,938 | $ 399,967 | $ 374,518 | $ 399,967 | $ 120,180 | $ 188,439 | $ 159,684 | $ 188,439 | $ 5,100 | $ 8,305 | $ 5,205 | $ 8,305 | $ 10,308 | ||||||||||||||
| Total Gains (Losses) Included in Earnings | 58 | 41,079 | 41,000 | (126) | (126) | 184 | 207 | (2) | ||||||||||||||||||||||||||||||||
| Total Gains (Losses) Included in AOCI | (2,575) | 19,412 | 1,128 | 19,412 | (8) | 18 | (8) | 87 | 2,351 | 4 | 2,351 | 919 | 6,385 | 6,985 | 6,385 | (3,662) | 10,722 | (5,927) | 10,722 | 81 | (38) | (24) | (38) | 72 | ||||||||||||||||
| Net Purchases, Sales & Settlements | 241,235 | (11,882) | 335,812 | (11,882) | (563) | (1,119) | (777) | (1,119) | 251,545 | (8,128) | 363,076 | (8,128) | (9,747) | (2,635) | (36,664) | (2,635) | 10,177 | |||||||||||||||||||||||
| Net Transfer in (Out) of Level 3 (a) | 30,379 | (13,244) | 28,673 | (13,244) | (3,330) | (3,330) | (2,245) | 3,674 | (10,206) | 14,497 | (10,206) | 40,288 | 29,943 | (3,038) | (3,038) | (10,253) | (10,192) | |||||||||||||||||||||||
| Balance at End of Period | 953,170 | 612,787 | 953,170 | 612,787 | 41,000 | 41,000 | 3,263 | 3,263 | 615 | 19,751 | 615 | 19,751 | 759,076 | 388,018 | 759,076 | 388,018 | 147,243 | 196,526 | 147,243 | 196,526 | 5,181 | 5,229 | 5,181 | 5,229 | 55 | 55 | ||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Balance at Beginning of Period | (1,570,999) | (1,466,727) | (1,472,090) | (1,466,727) | (1,496,803) | (1,466,308) | (1,396,340) | (1,466,308) | (376) | (419) | (400) | (419) | (73,820) | (75,350) | ||||||||||||||||||||||||||
| Total Gains (Losses) Included in Earnings | (114,826) | 27,770 | (213,735) | 27,770 | 10,338 | 21,802 | (90,125) | 21,802 | 376 | 8 | 400 | 8 | (125,540) | 5,960 | (124,010) | 5,960 | ||||||||||||||||||||||||
| Net Purchases, Sales & Settlements | (85,700) | (85,700) | (85,700) | (85,700) | ||||||||||||||||||||||||||||||||||||
| Balance at End of Period | $ (1,685,825) | $ (1,524,657) | $ (1,685,825) | $ (1,524,657) | $ (1,486,465) | $ (1,444,506) | $ (1,486,465) | $ (1,444,506) | $ (411) | $ (411) | $ (199,360) | $ (79,740) | $ (199,360) | $ (79,740) | ||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in earnings, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in other comprehensive income, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, sales, issues, and settlements (net) which have taken place in relation to assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents [net] transfers in to and out of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) which have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents an asset measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) recognized in earnings, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, sales, issues, and settlements in relation to liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents a liability measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value of Financial Instruments (Details 3) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Purchases | $ 262,536 | $ 406,410 | ||
| Sales | (8,188) | (24,873) | ||
| Settlements | (13,113) | (11,882) | (45,725) | (11,882) |
| Net Purchases, Sales & Settlements | 241,235 | (11,882) | 335,812 | (11,882) |
| Net Purchases, Sales & Settlements | (85,700) | (85,700) | ||
|
Equity conversion feature of preferred stock [Member]
|
||||
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Sales | (85,700) | (85,700) | ||
| Net Purchases, Sales & Settlements | (85,700) | (85,700) | ||
|
Non-agency residential mortgage-backed securities [Member]
|
||||
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Sales | (475) | (475) | ||
| Settlements | (88) | (1,119) | (302) | (1,119) |
| Net Purchases, Sales & Settlements | (563) | (1,119) | (777) | (1,119) |
|
Asset-backed Securities [Member]
|
||||
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Purchases | 262,536 | 394,887 | ||
| Settlements | (10,991) | (8,128) | (31,811) | (8,128) |
| Net Purchases, Sales & Settlements | 251,545 | (8,128) | 363,076 | (8,128) |
|
Corporates [Member]
|
||||
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Purchases | 1,326 | |||
| Sales | (7,713) | (24,398) | ||
| Settlements | (2,034) | (2,635) | (13,592) | (2,635) |
| Net Purchases, Sales & Settlements | (9,747) | (2,635) | (36,664) | (2,635) |
|
Municipals [Member]
|
||||
| The gross components of purchases, sales, and settlements, net, of Level 3 financial instruments | ||||
| Purchases | 10,197 | |||
| Settlements | (20) | |||
| Net Purchases, Sales & Settlements | $ 10,177 | |||
| X | ||||||||||
|
- Definition
Purchases that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, sales, issues, and settlements (net) which have taken place in relation to assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Sales that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of purchases, sales, issues, and settlements in relation to liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sales that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value of Financial Instruments (Details Textual) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
Non-Agency Residential Mortgage Backed Securities and Corporates [Member]
|
Jul. 01, 2012
Asset-backed Securities, Corporates and Municipals [Member]
|
Jul. 01, 2012
Asset-backed Securities, Corporates and Municipals [Member]
|
Jul. 01, 2012
Consumer Products and Other:
|
Sep. 30, 2011
Consumer Products and Other:
|
|
| Fair Value of Financial Instruments (Textual) [Abstract] | ||||||
| Interest receivable | $ 8 | $ 9 | ||||
| Net transfer out of Level 3 related to non-agency residential mortgage-backed securities and corporate securities | 2,245 | |||||
| Net transfer in to Level 3 related to asset-backed securities, corporates and municipal securities | $ 30,379 | $ 30,918 | ||||
| Fair Value of Financial Instruments (Additional Textual) [Abstract] | ||||||
| Percentage of male contract holder | 50.00% | |||||
| Percentage of female contract holder | 50.00% | |||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Percentage of female contract holder. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of male contract holder. No definition available.
|
| X | ||||||||||
|
- Definition
Unearned discounts (other than cash or quantity discounts and the like), finance charges, and interest included in the face amount of receivables, that are shown as a deduction from the related receivables. For example, 1) finance charges booked as a receivable when a loan is made and recognized as income at a later date; and 2) interest charges deducted from the face loan amount, resulting in a discounted amount actually advanced to the borrower (wherein the receivable includes the amount actually advanced to the borrower and the as yet unearned interest income). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Transfers into assets measured at fair value and categorized within Level 3 of the fair value hierarchy that have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Transfers out of assets measured at fair value and categorized within Level 3 of the fair value hierarchy that have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangibles (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
||||
| A summary of the changes in the carrying amounts of goodwill and intangible assets of the Consumer Products | |||||||
| Amortization during period, Amortizable Intangible Assets | $ (158,529) | $ (64,413) | |||||
|
Consumer Products and Other:
|
|||||||
| A summary of the changes in the carrying amounts of goodwill and intangible assets of the Consumer Products | |||||||
| Beginning Balance, Goodwill | 610,338 | [1] | |||||
| Business acquisitions, Goodwill | 85,875 | ||||||
| Effect of translation, Goodwill | (8,168) | ||||||
| Ending Balance, Goodwill | 688,045 | 688,045 | |||||
| Beginning Balance, Indefinite-lived Intangible Assets | 826,795 | ||||||
| Business acquisitions, Indefinite-lived Intangible Assets | 22,000 | ||||||
| Effect of translation, Indefinite-lived Intangible Assets | (13,341) | ||||||
| Ending Balance, Indefinite-lived Intangible Assets | 835,454 | 835,454 | |||||
| Beginning Balance, Amortizable Intangible Assets | 857,114 | ||||||
| Business acquisitions, Amortizable Intangible Assets | 82,118 | ||||||
| Amortization during period, Amortizable Intangible Assets | (16,101) | (14,439) | (46,550) | (43,073) | |||
| Effect of translation, Amortizable Intangible Assets | (11,159) | ||||||
| Ending Balance, Amortizable Intangible Assets | 881,523 | 881,523 | |||||
| Beginning Balance, Total, Intangible Assets | 1,683,909 | [1] | |||||
| Business acquisitions, Total, Intangible Assets | 104,118 | ||||||
| Effect of Translation, Total, Intangible Assets | (24,500) | ||||||
| Ending Balance, Total, Intangible Assets | $ 1,716,977 | $ 1,716,977 | |||||
|
|||||||
| X | ||||||||||
|
- Definition
Intangible assets acquired during period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Intangible assets translation adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of assets, excluding financial assets and goodwill, lacking physical substance with a finite life acquired. No definition available.
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) to assets, excluding financial assets and goodwill, lacking physical substance with a finite life for foreign currency translation adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of goodwill acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) to the recorded value of goodwill for foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of indefinite-lived intangible assets acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount of assets (excluding financial assets) that lack physical substance, excluding goodwill, having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) to assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity for foreign currency translation adjustments. No definition available.
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangibles (Details 1) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Sep. 30, 2011
|
Jul. 01, 2012
Minimum [Member]
|
Jul. 01, 2012
Maximum [Member]
|
Jul. 01, 2012
Customer relationships [Member]
|
Sep. 30, 2011
Customer relationships [Member]
|
Jul. 01, 2012
Customer relationships [Member]
Minimum [Member]
|
Jul. 01, 2012
Customer relationships [Member]
Maximum [Member]
|
Jul. 01, 2012
Trade names [Member]
|
Sep. 30, 2011
Trade names [Member]
|
Jul. 01, 2012
Trade names [Member]
Minimum [Member]
|
Jul. 01, 2012
Trade names [Member]
Maximum [Member]
|
Jul. 01, 2012
Technology assets [Member]
|
Sep. 30, 2011
Technology assets [Member]
|
Jul. 01, 2012
Technology assets [Member]
Minimum [Member]
|
Jul. 01, 2012
Technology assets [Member]
Maximum [Member]
|
|
| Intangible assets subject to amortization | ||||||||||||||||
| Cost | $ 1,030,089 | $ 960,442 | $ 789,465 | $ 738,937 | $ 149,700 | $ 149,700 | $ 90,924 | $ 71,805 | ||||||||
| Accumulated Amortization | 148,566 | 103,328 | 102,102 | 73,373 | 26,108 | 16,320 | 20,356 | 13,635 | ||||||||
| Net | $ 881,523 | $ 857,114 | $ 687,363 | $ 665,564 | $ 123,592 | $ 133,380 | $ 70,568 | $ 58,170 | ||||||||
| Amortizable Life | 4 years | 20 years | 15 years | 20 years | 4 years | 12 years | 4 years | 17 years | ||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
|
Goodwill and Intangibles (Details 2) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Amortization of Intangible Assets | ||||
| Amortization of intangibles | $ 158,529 | $ 64,413 | ||
|
Consumer Products and Other:
|
||||
| Amortization of Intangible Assets | ||||
| Amortization of intangibles | 16,101 | 14,439 | 46,550 | 43,073 |
|
Customer relationships [Member] | Consumer Products and Other:
|
||||
| Amortization of Intangible Assets | ||||
| Amortization of intangibles | 10,181 | 9,650 | 30,041 | 28,708 |
|
Trade names [Member] | Consumer Products and Other:
|
||||
| Amortization of Intangible Assets | ||||
| Amortization of intangibles | 3,509 | 3,140 | 9,788 | 9,419 |
|
Technology assets [Member] | Consumer Products and Other:
|
||||
| Amortization of Intangible Assets | ||||
| Amortization of intangibles | $ 2,411 | $ 1,649 | $ 6,721 | $ 4,946 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Goodwill and Intangibles (Details 3) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | $ 158,529 | $ 64,413 | |||||
|
Insurance and Financial Services:
|
|||||||
| Intangible assets of the Company's insurance segment include VOBA and DAC | |||||||
| Beginning Balance, Amortizable Intangible Assets | 457,167 | ||||||
| Deferrals | 157,620 | ||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | 26,880 | 21,340 | 111,979 | 21,340 | [1] | ||
| Add: Adjustment for change in unrealized investment losses (gains), net | (91,929) | ||||||
| Ending Balance, Amortizable Intangible Assets | 410,879 | 410,879 | |||||
|
VOBA [Member] | Insurance and Financial Services:
|
|||||||
| Intangible assets of the Company's insurance segment include VOBA and DAC | |||||||
| Beginning Balance, Amortizable Intangible Assets | 419,060 | ||||||
| Less: Components of amortization: | |||||||
| Add: Adjustment for change in unrealized investment losses (gains), net | (74,230) | ||||||
| Ending Balance, Amortizable Intangible Assets | 243,562 | 243,562 | |||||
|
DAC [Member] | Insurance and Financial Services:
|
|||||||
| Intangible assets of the Company's insurance segment include VOBA and DAC | |||||||
| Beginning Balance, Amortizable Intangible Assets | 38,107 | ||||||
| Deferrals | 157,620 | ||||||
| Less: Components of amortization: | |||||||
| Add: Adjustment for change in unrealized investment losses (gains), net | (17,699) | ||||||
| Ending Balance, Amortizable Intangible Assets | 167,317 | 167,317 | |||||
|
Periodic amortization [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | (135,533) | ||||||
|
Periodic amortization [Member] | VOBA [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | (121,696) | ||||||
|
Periodic amortization [Member] | DAC [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | (13,837) | ||||||
|
Interest [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | 22,982 | ||||||
|
Interest [Member] | VOBA [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | 21,534 | ||||||
|
Interest [Member] | DAC [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | 1,448 | ||||||
|
Unlocking [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | 572 | ||||||
|
Unlocking [Member] | VOBA [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | (1,106) | ||||||
|
Unlocking [Member] | DAC [Member] | Insurance and Financial Services:
|
|||||||
| Less: Components of amortization: | |||||||
| Amortization of intangibles | $ 1,678 | ||||||
|
|||||||
| X | ||||||||||
|
- Definition
Adjustment for change in unrealized investment losses (gains) net. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Deferrals. No definition available.
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Goodwill and Intangibles (Details 4) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
|---|---|
| Estimated amortization expense for VOBA and DAC in future fiscal periods | |
| 2012 | $ 62,600 |
| 2013 | 62,600 |
| 2014 | 62,600 |
| 2015 | 62,600 |
| 2016 | 62,600 |
|
VOBA [Member] | Insurance and Financial Services:
|
|
| Estimated amortization expense for VOBA and DAC in future fiscal periods | |
| 2012 | 14,705 |
| 2013 | 69,708 |
| 2014 | 67,514 |
| 2015 | 58,789 |
| 2016 | 51,918 |
| Thereafter | 225,275 |
|
DAC [Member] | Insurance and Financial Services:
|
|
| Estimated amortization expense for VOBA and DAC in future fiscal periods | |
| 2012 | 3,879 |
| 2013 | 16,651 |
| 2014 | 20,594 |
| 2015 | 20,555 |
| 2016 | 19,419 |
| Thereafter | $ 106,064 |
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized after the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Goodwill and Intangibles (Details Textual) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Sep. 30, 2011
|
|
| Goodwill and Intangibles (Additional Textual) [Abstract] | ||
| 2012 | $ 62,600 | |
| 2013 | 62,600 | |
| 2014 | 62,600 | |
| 2015 | 62,600 | |
| 2016 | 62,600 | |
|
Consumer Products and Other:
|
||
| Goodwill and Intangibles (Textual) [Abstract] | ||
| Intangible assets amortization method | straight-line method | |
|
Consumer Products and Other: | Minimum [Member]
|
||
| Goodwill and Intangibles (Textual) [Abstract] | ||
| Weighted average amortization period | 4 years | |
|
Consumer Products and Other: | Maximum [Member]
|
||
| Goodwill and Intangibles (Textual) [Abstract] | ||
| Weighted average amortization period | 20 years | |
|
VOBA [Member] | Insurance and Financial Services:
|
||
| Goodwill and Intangibles (Textual) [Abstract] | ||
| Cumulative adjustments for net unrealized investment gains | (244,347) | (170,117) |
| Weighted average amortization period | 5 years | |
| Goodwill and Intangibles (Additional Textual) [Abstract] | ||
| 2012 | 14,705 | |
| 2013 | 69,708 | |
| 2014 | 67,514 | |
| 2015 | 58,789 | |
| 2016 | 51,918 | |
|
DAC [Member] | Insurance and Financial Services:
|
||
| Goodwill and Intangibles (Textual) [Abstract] | ||
| Cumulative adjustments for net unrealized investment gains | (19,845) | (2,146) |
| Deferred sales inducements, net of shadow adjustments | 8,500 | 5,048 |
| Weighted average amortization period | 6 years | |
| Goodwill and Intangibles (Additional Textual) [Abstract] | ||
| 2012 | 3,879 | |
| 2013 | 16,651 | |
| 2014 | 20,594 | |
| 2015 | 20,555 | |
| 2016 | $ 19,419 |
| X | ||||||||||
|
- Definition
Cumulative adjustments for net unrealized investment gains. No definition available.
|
| X | ||||||||||
|
- Definition
Deferred sales inducements, net of shadow adjustments. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amortization method of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. The straight-line method is the preferred amortization method, unless another method better reflects the pattern in which the asset is consumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
|
Debt (Details) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
FGL [Member]
|
Jul. 01, 2012
Consumer Products and Other:
|
Sep. 30, 2011
Consumer Products and Other:
|
Sep. 30, 2011
Insurance and Financial Services:
|
Sep. 30, 2011
Insurance and Financial Services:
FGL [Member]
|
Jul. 01, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
Consumer Products and Other:
HGI [Member]
|
Sep. 30, 2011
10.625% Senior Secured Notes, due November 15, 2015 [Member]
Consumer Products and Other:
HGI [Member]
|
Jul. 01, 2012
Term loan, due June 17, 2016 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Sep. 30, 2011
Term loan, due June 17, 2016 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Jul. 01, 2012
9.5% Senior Secured Notes, due June 15, 2018 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Sep. 30, 2011
9.5% Senior Secured Notes, due June 15, 2018 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Mar. 31, 2012
6.75% Senior Notes, due March 15, 2020 [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
6.75% Senior Notes, due March 15, 2020 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Mar. 31, 2012
12% Senior Subordinated Toggle Notes due 2019 [Member]
Spectrum Brands [Member]
|
Sep. 30, 2011
12% Senior Subordinated Toggle Notes due 2019 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Jul. 01, 2012
ABL Revolving Credit Facility, expiring May 3, 2016 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Sep. 30, 2011
ABL Revolving Credit Facility, expiring May 3, 2016 [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Jul. 01, 2012
Other notes and obligations [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Sep. 30, 2011
Other notes and obligations [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Jul. 01, 2012
Capitalized lease obligations [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
Sep. 30, 2011
Capitalized lease obligations [Member]
Consumer Products and Other:
Spectrum Brands [Member]
|
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Summary of Debt | |||||||||||||||||||||||||
| Long-term Debt | $ 2,323,215 | $ 2,064,512 | $ 500,000 | $ 500,000 | $ 521,146 | $ 525,237 | $ 950,000 | $ 750,000 | $ 300,000 | $ 245,031 | $ 2,500 | $ 24,275 | $ 19,333 | $ 25,294 | $ 24,911 | ||||||||||
| Long-term Debt, interest rate | 10.625% | 10.625% | 5.10% | 5.10% | 9.50% | 9.50% | 6.75% | 6.75% | 12.00% | 12.00% | 4.00% | 2.50% | 11.00% | 10.50% | 6.50% | 6.20% | |||||||||
| Original issuance premiums (discounts) on debt, net | 1,440 | (15,732) | |||||||||||||||||||||||
| Less current maturities | 28,251 | 16,090 | [1] | ||||||||||||||||||||||
| Long-term debt - Consumer Products and Other | 2,296,404 | 2,032,690 | [1] | ||||||||||||||||||||||
| Note payable - Insurance and Financial Services | $ 95,000 | $ 95,000 | [1] | $ 95,000 | |||||||||||||||||||||
|
|||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
|
Jul. 01, 2012
ABL Revolving Credit Facility [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
|
Nov. 30, 2011
Spectrum Brands [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Letter of Credit [Member]
|
Dec. 31, 2011
Spectrum Brands [Member]
Maximum [Member]
|
Dec. 31, 2011
Spectrum Brands [Member]
Minimum [Member]
|
Jul. 01, 2012
FGL [Member]
|
Jul. 01, 2012
6.75% Senior Notes, due March 15, 2020 [Member]
Spectrum Brands [Member]
|
Mar. 31, 2012
6.75% Senior Notes, due March 15, 2020 [Member]
Spectrum Brands [Member]
|
Mar. 31, 2012
12% Senior Subordinated Toggle Notes due 2019 [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
9.5% Senior Secured Notes [Member]
Spectrum Brands [Member]
|
Nov. 30, 2011
9.5% Senior Secured Notes [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
Term Loan amendment [Member]
Spectrum Brands [Member]
|
Nov. 30, 2011
9.5% Notes [Member]
Spectrum Brands [Member]
|
|
| Debt (Textual) [Abstract] | |||||||||||||||||
| Long-term Debt | $ 300,000 | $ 200,000 | $ 750,000 | ||||||||||||||
| Long-term Debt, interest rate | 6.75% | 12.00% | |||||||||||||||
| Purchase of 12% Senior Subordinated Toggle Notes due 2019 | 231,509 | ||||||||||||||||
| Discharge of remaining 12% Senior Subordinated Toggle Notes due 2019 | 13,522 | ||||||||||||||||
| Non-cash charges for the write-off of debt issuance costs and unamortized premium | 382 | 2,479 | |||||||||||||||
| Commitment amount under the term loan | 250,000 | 100,000 | |||||||||||||||
| Minimum percentage of aggregate outstanding principal held by registered holders | 25.00% | ||||||||||||||||
| Senior Notes, interest rate | 9.50% | ||||||||||||||||
| Par value of Senior Secured Notes | 108.50% | ||||||||||||||||
| Debt fees | 11,163 | 11,163 | 11,163 | ||||||||||||||
| Cash charges on interest expenses | 894 | 28,892 | |||||||||||||||
| Original Maturity Date | Apr. 21, 2016 | ||||||||||||||||
| Extended Maturity Date | May 03, 2016 | ||||||||||||||||
| Amended facility Interest rate | The amended facility carries an interest rate at the option of Spectrum Brands, which is subject to change based on availability under the facility, of either: (a) the base rate plus currently .75% per annum or (b) the reserve-adjusted LIBOR rate plus currently 1.75% per annum. | ||||||||||||||||
| Credit facility current rate with base rate | 75.00% | ||||||||||||||||
| Addition to reserve-adjusted LIBOR rate | 1.75% | 1.75% | |||||||||||||||
| Aggregate borrowing availability | 194,909 | 194,909 | |||||||||||||||
| Amount reserve by lender | 27,471 | 27,471 | |||||||||||||||
| Letter of credit outstanding | 26,730 | ||||||||||||||||
| Note payable | $ 95,000 | ||||||||||||||||
| X | ||||||||||
|
- Definition
Addition to debt instrument basis spread on reserve adjusted rate. No definition available.
|
| X | ||||||||||
|
- Definition
Debt amount reserve by lender. No definition available.
|
| X | ||||||||||
|
- Definition
Debt instrument fees amount. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Increase in cash charge of interest expenses. No definition available.
|
| X | ||||||||||
|
- Definition
Line of credit facility extended maturity date. No definition available.
|
| X | ||||||||||
|
- Definition
Minimum percentage of aggregate outstanding principal held by registered holders. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of face value as issue price. No definition available.
|
| X | ||||||||||
|
- Definition
Term loan commitment amount. No definition available.
|
| X | ||||||||||
|
- Definition
Write-off of debt issuance costs and unamortized premium. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Decrease for amounts repaid on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value amount of debt instrument that was repurchased. No definition available.
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Defined Benefit Plans (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Components of consolidated net periodic, deferred compensation benefit costs and contributions | ||||
| Service cost | $ 667 | $ 818 | $ 1,966 | $ 2,453 |
| Interest cost | 2,763 | 2,772 | 7,662 | 8,315 |
| Expected return on assets | (2,273) | (2,217) | (6,043) | (6,650) |
| Recognized net actuarial loss | 249 | 97 | 528 | 291 |
| Employee contributions | (46) | (129) | (139) | (386) |
| Defined benefit plan | 1,360 | 1,341 | 3,974 | 4,023 |
| Contributions made during period | $ 1,337 | $ 3,216 | $ 3,914 | $ 6,227 |
| X | ||||||||||
|
- Definition
Amount of gain (loss) from a decision to temporarily deviate from the substantive plan, or from a change in benefit obligation or plan asset value from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover or salary scale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase in the fair value of plan assets from contributions made by the employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of contributions made by plan participants. This item represents a periodic increase to the plan obligation and an increase to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Defined Benefit Plans (Details Textual) (Spectrum Brands [Member])
|
9 Months Ended |
|---|---|
|
Jul. 01, 2012
Installment
|
|
|
Spectrum Brands [Member]
|
|
| Defined Benefit Plans (Textual) [Abstract] | |
| Period of amount paid for agreement | 15 years |
| Number of installment paid for deferred amount | 15 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of installment need to be paid under nonqualified deferred compensation agreements. No definition available.
|
| X | ||||||||||
|
- Definition
Period for which amount to be paid under nonqualified deferred compensation agreements. No definition available.
|
|
Reinsurance (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Effect of Reinsurance | ||||
| Direct, Net Premiums Earned | $ 74,522 | $ 79,242 | $ 225,757 | $ 79,242 |
| Assumed, Net Premiums Earned | 11,363 | 11,365 | 35,673 | 11,365 |
| Ceded, Net Premiums Earned | (73,841) | (65,489) | (219,260) | (65,489) |
| Net Premiums Earned | 12,044 | 25,118 | 42,170 | 25,118 |
| Direct, Net Benefits Incurred and Reserve Changes | 224,913 | 215,152 | 749,743 | 215,152 |
| Assumed, Net Benefits Incurred and Reserve Changes | 8,994 | 9,708 | 26,975 | 9,708 |
| Ceded, Net Benefits Incurred and Reserve Changes | (92,917) | (94,901) | (217,016) | (94,901) |
| Net Benefits Incurred and Reserve Changes | $ 140,990 | $ 129,959 | $ 559,702 | $ 129,959 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Premiums earned for all life insurance assumed from other insurers as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Premiums assumed and earned by another insurer as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Premiums earned directly for all life insurance before adding contracts assumed from other insurers or subtracting any amounts assumed by other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Premiums recognized as revenue in the period earned on all life insurance and reinsurance contracts after subtracting any amounts ceded to another insurer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the provision for the period for claims and benefits incurred on contract risks assumed from other (ceding) insurers under reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The reduction in the amount of the provision for the period for claims and benefits incurred on contract risks ceded to other insurers under reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of the provision for the period for claims and benefits incurred on contracts directly written, assumed, and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the provision for the period for claims and benefits incurred on contracts acquired by the insurer during the period in other than reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Reinsurance (Details Textual) (USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
|---|---|
|
FGL [Member]
|
|
| Reinsurance (Textual) [Abstract] | |
| Fair value of insurance transferred assets | $ 580,683 |
|
Wilton Reassurance Company [Member]
|
|
| Reinsurance (Textual) [Abstract] | |
| Net amount recoverable | $ 1,260,805 |
| X | ||||||||||
|
- Definition
Fair value of assets transferred including ceding commission under commitment agreement. No definition available.
|
| X | ||||||||||
|
- Definition
Net amount recoverable under commitment agreement. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Stock Compensation (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Consolidated stock compensation expense | ||||
| Stock compensation expense | $ 5,247 | $ 8,557 | $ 17,060 | $ 22,903 |
| Related tax benefit | 1,591 | 2,985 | 5,558 | 7,985 |
| Noncontrolling interest | 1,240 | 2,522 | 4,469 | 6,748 |
| Net | $ 2,416 | $ 3,050 | $ 7,033 | $ 8,170 |
| X | ||||||||||
|
- Definition
Stock compensation expense noncontrolling. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense, net of income tax, recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details 1) (HGI [Member])
|
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
|
HGI [Member]
|
|
| Assumptions used in the determination of grant date fair values using the Black-Scholes option pricing model | |
| Risk-free interest rate, Minimum | 0.98% |
| Risk-free interest rate, Maximum | 1.19% |
| Assumed dividend yield | |
| Expected option term | 6 years |
| Volatility, Minimum | 33.00% |
| Volatility, Maximum | 35.00% |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
| X | ||||||||||
|
- Definition
The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
|
| X | ||||||||||
|
- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
| X | ||||||||||
|
- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
|
|
Stock Compensation (Details 2) (HGI [Member], USD $)
|
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
|
|
|
HGI [Member]
|
||
| A summary of HGI's outstanding stock-based awards | ||
| Beginning Balance, Options | 143 | |
| Granted, Options | 140 | 2,215 |
| Exercised, Options | (8) | |
| Forfeited or expired, Options | (125) | |
| Ending Balance, Options | 2,225 | 2,225 |
| Beginning Balance | $ 6.77 | |
| Granted, Weighted Average Exercise Price | $ 4.85 | |
| Exercised, Weighted Average Exercise Price | $ 3.33 | |
| Forfeited or expired, Weighted Average Exercise Price | $ 7.01 | |
| Ending Balance | $ 4.86 | $ 4.86 |
| Exercisable, Options | 7 | 7 |
| Exercisable, Weighted Average Exercise Price | $ 6.50 | $ 6.50 |
| Vested or expected, Options | 2,225 | 2,225 |
| Vested or expected, Weighted Average Exercise Price | $ 4.86 | $ 4.86 |
| Beginning Balance, Weighted Average Grant Date Fair Value | $ 2.54 | |
| Granted, Weighted Average Grant Date Fair Value | $ 1.73 | |
| Exercised, Weighted Average Grant Date Fair Value | $ 1.29 | |
| Forfeited or expired, Weighted Average Grant Date Fair Value | $ 2.64 | |
| Ending Balance, Weighted Average Grant Date Fair Value | $ 1.73 | $ 1.73 |
| Exercisable, Weighted Average Grant Date Fair Value | $ 2.35 | $ 2.35 |
| Vested or expected to vest, Weighted Average Grant Date Fair Value | $ 1.73 | $ 1.73 |
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options exercisable weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options forfeitures weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options nonvested weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options vested in period weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options vested or expected to vest weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details 3) (HGI [Member], USD $)
|
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
|
|
|
Restricted Stock Awards [Member]
|
||
| A summary of HGI's outstanding restricted stock awards and restricted stock units | ||
| Beginning Balance, Shares | ||
| Granted, Shares | 50 | 818 |
| Exercised, Shares | (9) | |
| Forfeited, Shares | ||
| Ending Balance, Shares | 809 | 809 |
| Beginning Balance, Weighted Average Grant Date Fair Value | ||
| Granted, Weighted Average Grant Date Fair Value | $ 4.84 | |
| Exercised, Weighted Average Grant Date Fair Value | $ 4.61 | |
| Forfeited or expired, Weighted Average Grant Date Fair Value | ||
| Ending Balance, Weighted Average Grant Date Fair Value | $ 4.84 | $ 4.84 |
| Vested or expected to vest, Shares | 809 | 809 |
| Vested or expected to vest, Weighted Average Grant Date Fair Value | $ 4.84 | $ 4.84 |
|
Restricted Stock Units [Member]
|
||
| A summary of HGI's outstanding restricted stock awards and restricted stock units | ||
| Beginning Balance, Shares | ||
| Granted, Shares | 22 | |
| Exercised, Shares | (4) | |
| Forfeited, Shares | ||
| Ending Balance, Shares | 18 | 18 |
| Beginning Balance, Weighted Average Grant Date Fair Value | ||
| Granted, Weighted Average Grant Date Fair Value | $ 4.61 | |
| Exercised, Weighted Average Grant Date Fair Value | $ 4.61 | |
| Forfeited or expired, Weighted Average Grant Date Fair Value | ||
| Ending Balance, Weighted Average Grant Date Fair Value | $ 4.61 | $ 4.61 |
| Vested or expected to vest, Shares | 18 | 18 |
| Vested or expected to vest, Weighted Average Grant Date Fair Value | $ 4.61 | $ 4.61 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Vested or expected to vest. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments other than options vested or expected to vest weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details 4) (Spectrum Brands [Member], USD $)
|
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
|
|
|
Restricted Stock Awards [Member]
|
||
| A summary of the Spectrum Brands' non-vested restricted stock awards and restricted stock units | ||
| Beginning Balance, Shares | 123 | |
| Exercised, Shares | (110) | |
| Beginning Balance, Weighted Average Grant Date Fair Value | $ 24.20 | |
| Vested, Weighted Average Grant Date Fair Value | $ 23.75 | |
| Ending Balance, Weighted Average Grant Date Fair Value | $ 28.00 | $ 28.00 |
| Ending Balance, Shares | 13 | 13 |
|
Restricted Stock Units [Member]
|
||
| A summary of the Spectrum Brands' non-vested restricted stock awards and restricted stock units | ||
| Beginning Balance, Shares | 1,645 | |
| Granted, Shares | 42 | 759 |
| Forfeited, Shares | (53) | |
| Exercised, Shares | (369) | |
| Beginning Balance, Weighted Average Grant Date Fair Value | $ 28.97 | |
| Granted, Weighted Average Grant Date Fair Value | $ 27.35 | |
| Forfeited, Weighted Average Grant Date Fair Value | $ 28.08 | |
| Vested, Weighted Average Grant Date Fair Value | $ 28.72 | |
| Ending Balance, Weighted Average Grant Date Fair Value | $ 28.41 | $ 28.41 |
| Ending Balance, Shares | 1,955 | 1,955 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details 5) (FGL [Member])
|
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
|
FGL [Member]
|
|
| Assumptions used in the determination of grant date fair values using the Black-Scholes option pricing model | |
| Risk-free interest rate | 0.80% |
| Assumed dividend yield | 10.00% |
| Expected option term | 4 years 6 months |
| Volatility | 35.00% |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details 6) (FGL [Member], USD $)
|
1 Months Ended | 9 Months Ended | |
|---|---|---|---|
|
Jun. 30, 2012
|
Jan. 31, 2012
|
Jul. 01, 2012
|
|
|
FGL [Member]
|
|||
| A summary of FGL's outstanding stock options | |||
| Beginning Balance, Options | |||
| Granted, Options | 2 | 205 | 207 |
| Exercised, Options | |||
| Forfeited or expired, Options | (6) | ||
| Ending Balance, Options | 201 | ||
| Beginning Balance | |||
| Granted, Weighted Average Exercise Price | $ 38.20 | ||
| Exercised, Weighted Average Exercise Price | |||
| Forfeited or expired, Weighted Average Exercise Price | $ 38.14 | ||
| Ending Balance | $ 38.20 | ||
| Exercisable, Options | |||
| Exercisable, Weighted Average Exercise Price | |||
| Vested or expected, Options | 161 | ||
| Vested or expected, Weighted Average Exercise Price | $ 38.20 | ||
| Beginning Balance, Weighted Average Grant Date Fair Value | |||
| Granted, Weighted Average Grant Date Fair Value | $ 3.90 | ||
| Exercised, Weighted Average Grant Date Fair Value | |||
| Forfeited or expired, Weighted Average Grant Date Fair Value | $ 3.90 | ||
| Ending Balance, Weighted Average Grant Date Fair Value | $ 3.90 | ||
| Exercisable, Weighted Average Grant Date Fair Value | |||
| Vested or expected to vest, Weighted Average Grant Date Fair Value | $ 3.90 | ||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options exercisable weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options forfeitures weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options nonvested weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options vested in period weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation arrangement by share based payment award equity instruments options vested or expected to vest weighted average grant date fair value. No definition available.
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price of options that were either forfeited or expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Compensation (Details Textual) (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
HGI [Member]
|
Jul. 01, 2012
HGI [Member]
|
Jul. 01, 2012
HGI [Member]
Minimum [Member]
|
Jul. 01, 2012
HGI [Member]
Maximum [Member]
|
Jun. 30, 2012
FGL [Member]
|
Jan. 31, 2012
FGL [Member]
|
Jul. 01, 2012
FGL [Member]
|
Jul. 01, 2012
HGI's executive bonus plan [Member]
Minimum [Member]
|
Jul. 01, 2012
HGI's executive bonus plan [Member]
Maximum [Member]
|
Jul. 01, 2012
Restricted Stock Awards [Member]
HGI [Member]
|
Jul. 01, 2012
Restricted Stock Awards [Member]
HGI [Member]
|
Jul. 01, 2012
Restricted Stock Awards [Member]
HGI [Member]
Minimum [Member]
|
Jul. 01, 2012
Restricted Stock Awards [Member]
HGI [Member]
Maximum [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
HGI [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
HGI [Member]
Minimum [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
HGI [Member]
Maximum [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
Performance Based [Member]
|
Jul. 01, 2012
Performance Based [Member]
Spectrum Brands [Member]
|
Jul. 01, 2012
Other Awards [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||
| Granted, Options | 140 | 2,215 | 2 | 205 | 207 | 18 | 699 | ||||||||||||||
| Granted, Shares | 50 | 818 | 22 | 42 | 759 | ||||||||||||||||
| Vesting Period | 3 years | 4 years | 3 years | 12 months | 36 months | 7 months | 3 years | 7 months | 1 year | 1 year | 2 years | ||||||||||
| Stock option awards grant date total fair value | $ 3,832 | $ 5 | $ 623 | ||||||||||||||||||
| Granted, Fair Value at Grant Date | $ 20,756 | $ 3,959 | $ 3,959 | $ 100 | |||||||||||||||||
| Weighted-average remaining contractual term of outstanding stock option awards | 9 years 7 months 17 days | ||||||||||||||||||||
| Stock option awards expiration | on the seventh anniversary of the grant | ||||||||||||||||||||
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Options Fair Value at Grant Date. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value at grant date. No definition available.
|
| X | ||||||||||
|
- Definition
Stock option awards expiration. No definition available.
|
| X | ||||||||||
|
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Income Taxes (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Sep. 30, 2011
|
||||
| Income Taxes (Textual) [Abstract] | ||||||||
| Effective tax rate | 5.00% | 2.00% | 35.00% | |||||
| Statutory rate | 35.00% | |||||||
| Rate of tax expense | (355.00%) | |||||||
| Increase in fair value of equity conversion feature of preferred stock | $ 125,540 | $ (5,960) | $ 124,010 | $ (5,960) | [1] | |||
| Bargain purchase gain from business acquisition | 158,341 | 158,341 | [1] | |||||
| Contingent purchase price reduction receivable | 41,000 | |||||||
| Percentage of ownership change | 50.00% | |||||||
| Time period over percentage change of ownership occur | 3 years | |||||||
| Unrecognized tax benefits on uncertain tax positions | 5,379 | 5,379 | 9,013 | |||||
| Accrued interest and penalties related to the uncertain tax positions | 4,180 | 4,180 | 4,682 | |||||
|
Spectrum Brands [Member]
|
||||||||
| Income Taxes (Additional Textual) [Abstract] | ||||||||
| Valuation allowances on deferred tax assets | 13,915 | |||||||
|
FGL [Member]
|
||||||||
| Income Taxes (Additional Textual) [Abstract] | ||||||||
| Valuation allowances on deferred tax assets | $ 19,035 | |||||||
|
||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of ownership change. No definition available.
|
| X | ||||||||||
|
- Definition
Time period over percentage change of ownership occur. No definition available.
|
| X | ||||||||||
|
- Definition
In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to changes in the valuation allowance for deferred tax assets in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the differences between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to changes in all income tax contingencies, whether recorded or adjusted, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
||||
| Earnings Per Share | |||||||
| Net income (loss) attributable to common and participating preferred stockholders | $ (149,080) | $ 211,341 | $ (129,176) | $ 129,321 | [1] | ||
| Participating shares at end of period: | |||||||
| Common shares outstanding | 139,357 | 139,283 | 139,357 | 139,283 | |||
| Preferred shares (as-converted basis) | 62,526 | 43,307 | 62,526 | 43,307 | |||
| Total | 201,883 | 182,590 | 201,883 | 182,590 | |||
| Percentage of income (loss) allocated to: | |||||||
| Common shares | 100.00% | 76.30% | 100.00% | 76.30% | |||
| Preferred shares | 0.00% | 23.70% | 0.00% | 23.70% | |||
| Net income (loss) attributable to common shares - basic and diluted | $ (149,080) | $ 161,215 | $ (129,176) | $ 98,648 | |||
| Weighted - average common shares outstanding-basic | 139,349 | 139,222 | 139,351 | 139,207 | |||
| Dilutive effect of stock options | 70 | 73 | |||||
| Weighted - average dilutive shares outstanding | 139,349 | 139,292 | 139,351 | 139,280 | |||
| Net income (loss) per common share attributable to controlling interest: | |||||||
| Basic | $ (1.07) | $ 1.16 | $ (0.93) | $ 0.71 | [1] | ||
| Diluted | $ (1.07) | $ 1.16 | $ (0.93) | $ 0.71 | [1] | ||
|
|||||||
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|
|
Earnings Per Share (Details Textual) (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jan. 06, 2011
|
Jul. 01, 2012
Convertible preferred stock [Member]
|
Jul. 01, 2012
Stock options [Member]
|
Jul. 01, 2012
Restricted Stock Units [Member]
|
|
| Earnings Per Share (Textual) [Abstract] | ||||
| Common shares subsequently issued in connection with the Acquisition used in calculating the weighted average number of common shares outstanding | 119,910,000 | |||
| Shares excluded from the calculation of Diluted net income (loss) per common share attributable to controlling interest | 62,526 | 2,225 | 831 | |
| Weighted average price per share | $ 6.64 | $ 4.86 | ||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Commitments and Contingencies (Details Textual) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
| Commitments and Contingencies (Additional Textual) [Abstract] | |
| Reserves for legal, environmental and regulatory matters | $ 22,639 |
| Notional amount of unfunded, legally binding lending commitments | 70,967 |
| Partially amount of notional amount of unfunded, legally binding lending commitments | 8,110 |
| Interest Rate on Senior Notes | 10.625% |
|
Maximum [Member]
|
|
| Commitments and Contingencies (Textual) [Abstract] | |
| Expiry dated of partial amount of notional amount | 1 year |
| Expiry date of remainder part of notional amount | 3 years |
|
Minimum [Member]
|
|
| Commitments and Contingencies (Textual) [Abstract] | |
| Expiry date of remainder part of notional amount | 1 year |
|
Spectrum Brands [Member]
|
|
| Commitments and Contingencies (Textual) [Abstract] | |
| Environmental Costs Recognized, Capitalized | 5,490 |
|
FGL [Member]
|
|
| Commitments and Contingencies (Textual) [Abstract] | |
| Accrued amount of guaranty fund assessments | 5,909 |
| Estimated future premium tax deductions | 4,281 |
| Pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable | $ 11,000 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Notional amount of unfunded, legally binding lending commitments. No definition available.
|
| X | ||||||||||
|
- Definition
Partially amount of notional amount of unfunded, legally binding lending commitments. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
Expiry date of remainder part of notional amount. No definition available.
|
| X | ||||||||||
|
- Definition
Pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable. No definition available.
|
| X | ||||||||||
|
- Definition
Reserves for legal, environmental and regulatory matters. No definition available.
|
| X | ||||||||||
|
- Definition
Shareholder contingencies percentage of notes and preferred stock. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of costs recognized in the balance sheet for known or estimated future costs arising from requirements to perform activities to remediate one or more sites. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of insurance-related assessment liability that is expected to be recovered through a premium tax offset based on current laws applied to in-force policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The liability as of the balance sheet date representing required funding mandated by statute or regulatory authority that is related directly or indirectly to underwriting activities, including pools for self-insurance and excluding premium taxes and income taxes. The funds derived from the assessments generally enable a government guarantor to pay insurance claims in the event that the underwriting insurer is insolvent or otherwise unable to meet its payment obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions (Details) (FGL [Member], USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2011
|
|---|---|
| Summarization of provisional and final amounts on assets acquired and liabilities at fair value | |
| Investments, cash and accrued investment income, including cash acquired of $1,040,470 | $ 17,705,419 |
| Reinsurance recoverable | 945,063 |
| Intangible assets (VOBA) | 577,163 |
| Deferred tax assets | 252,672 |
| Other assets | 72,801 |
| Total assets acquired | 19,553,118 |
| Contractholder funds and future policy benefits | 18,415,022 |
| Liability for policy and contract claims | 60,400 |
| Note payable | 95,000 |
| Other liabilities | 479,355 |
| Total liabilities assumed | 19,049,777 |
| Net assets acquired | 503,341 |
| Cash consideration, net of $5,000 re-characterized as expense | 345,000 |
| Bargain purchase gain | 158,341 |
|
Provisional Amount [Member]
|
|
| Summarization of provisional and final amounts on assets acquired and liabilities at fair value | |
| Investments, cash and accrued investment income, including cash acquired of $1,040,470 | 17,705,419 |
| Reinsurance recoverable | 929,817 |
| Intangible assets (VOBA) | 577,163 |
| Deferred tax assets | 256,584 |
| Other assets | 72,801 |
| Total assets acquired | 19,541,784 |
| Contractholder funds and future policy benefits | 18,415,022 |
| Liability for policy and contract claims | 60,400 |
| Note payable | 95,000 |
| Other liabilities | 475,285 |
| Total liabilities assumed | 19,045,707 |
| Net assets acquired | 496,077 |
| Cash consideration, net of $5,000 re-characterized as expense | 345,000 |
| Bargain purchase gain | 151,077 |
|
Measurement Period Adjustments [Member]
|
|
| Summarization of provisional and final amounts on assets acquired and liabilities at fair value | |
| Reinsurance recoverable | 15,246 |
| Deferred tax assets | (3,912) |
| Total assets acquired | 11,334 |
| Other liabilities | 4,070 |
| Total liabilities assumed | 4,070 |
| Net assets acquired | 7,264 |
| Bargain purchase gain | $ 7,264 |
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation contractholder funds and future policy benefits. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation deferred tax assets. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation investment cash and accrued investment income. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation liability for policy and contract claims. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation note payable. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition purchase price allocation reinsurance recoverable. No definition available.
|
| X | ||||||||||
|
- Definition
Business combination bargain purchase gain recognized amount. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to assets acquired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of acquisition cost of a business combination allocated to assets, excluding financial assets and goodwill, lacking physical substance. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of acquisition cost of a business combination allocated to other assets not separately disclosed in the balance sheet. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of acquisition cost of a business combination allocated to other liabilities not separately disclosed in the balance sheet. No definition available.
|
|
Acquisitions (Details 1) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended |
|---|---|
|
Jul. 03, 2011
|
|
| Revenues: | |
| Pro forma revenues | $ 3,275,008 |
| Net income: | |
| Pro forma net income | 201,385 |
| Pro forma net income per common share | $ 1.17 |
|
Adjustment [Member] | FGL [Member]
|
|
| Revenues: | |
| Pro forma revenues | 685,767 |
| Net income: | |
| Pro forma net income | 84,912 |
| Pro forma net income per common share | $ 0.46 |
|
Reported [Member]
|
|
| Revenues: | |
| Pro forma revenues | 2,589,241 |
| Net income: | |
| Pro forma net income | $ 116,473 |
| Pro forma net income per common share | $ 0.71 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions (Details 2) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | $ 5,490 | $ 10,317 | $ 22,935 | $ 57,520 |
|
SB/RH Merger [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Integration costs | 1,573 | 6,718 | 6,766 | 22,088 |
| Employee termination charges | 840 | 310 | 3,356 | 5,206 |
| Legal and professional fees | 587 | 360 | 1,508 | 3,949 |
| Total acquisition and integration related charges | 3,000 | 7,388 | 11,630 | 31,243 |
|
FGL [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | 1,945 | 22,738 | ||
|
Spectrum Brands [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | 104 | 1,055 | ||
|
FURminator [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | 1,738 | 6,337 | ||
|
Black Flag [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | 95 | 1,912 | ||
|
Other [Member]
|
||||
| Summary of acquisition and integration related charges incurred | ||||
| Total acquisition and integration related charges | $ 657 | $ 880 | $ 3,056 | $ 2,484 |
| X | ||||||||||
|
- Definition
Business acquisition employee termination charges. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition legal and professional fees. No definition available.
|
| X | ||||||||||
|
- Definition
Business combination, acquisition and integration related costs. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
|
Acquisitions (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 01, 2012
|
Jul. 01, 2012
FGL [Member]
|
Jul. 03, 2011
FGL [Member]
|
Dec. 31, 2011
FGL [Member]
|
Jul. 01, 2011
FGL [Member]
|
Apr. 08, 2011
FGL [Member]
|
Apr. 06, 2011
FGL [Member]
|
Oct. 31, 2011
Black Flag [Member]
|
Dec. 22, 2011
FURminator [Member]
|
|
| Acquisitions (Textual) [Abstract] | ||||||||||
| Cash consideration | $ 350,000 | $ 43,750 | $ 141,745 | |||||||
| Re-characterized as an expense | 5,000 | |||||||||
| Maximum period of measurement period | 1 year | |||||||||
| Cash acquired | 1,040,470 | 43,750 | 141,745 | |||||||
| Fair value of insurance Transferred assets | 535,826 | |||||||||
| Amount of settlement adjustments under commitment agreement | 11,176 | |||||||||
| Deferred income taxes | 3,912 | |||||||||
| Insurance obligations under annuity contract | 3,000,000 | |||||||||
| Maximum amount of asset securing reinsurance obligations | 1,000,000 | |||||||||
| Maximum amount required to pay under front street reinsurance transaction | 50,000 | |||||||||
| Fair value assigned to the contingent purchase price reduction | 0 | |||||||||
| Reduction in purchase price | 50,000 | |||||||||
| Estimated a fair value of amount for reduction in purchase price | 41,000 | |||||||||
| Change in fair value of purchase price during period | 0 | 41,000 | ||||||||
| Amortization of a related reserve credit facility structuring fee | 13,750 | |||||||||
| Adjustments to eliminate interest expense on notes payable to seller and add interest expense | 95,000 | |||||||||
| Adjustments to reflect the full-period effect of interest expense of 10.625% Notes issued | 350,000 | |||||||||
| Non-recurring bargain purchase gain | 158,341 | |||||||||
| Purchase price allocated to identifiable intangible assets | 25,000 | 79,000 | ||||||||
| Purchase price allocated to goodwill | 15,852 | 68,531 | ||||||||
| Purchase price allocated to inventories | 2,509 | |||||||||
| Purchase price allocated to properties and other assets | 389 | |||||||||
| Purchase price allocated to current assets | 9,240 | |||||||||
| Purchase price allocated to properties | 648 | |||||||||
| Purchase price allocated to current and long-term liabilities | $ 15,674 | |||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amortization of related reserve credit facility structuring fee. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of settlement adjustments under commitment agreement. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition cost of acquired entity re-characterized as an expense. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition fair value of contingent consideration. No definition available.
|
| X | ||||||||||
|
- Definition
Business acquisition fair value of contingent purchase price consideration reduction. No definition available.
|
| X | ||||||||||
|
- Definition
Business combination bargain purchase gain recognized amount. No definition available.
|
| X | ||||||||||
|
- Definition
Change in fair value of purchase price during period. No definition available.
|
| X | ||||||||||
|
- Definition
Insurance obligations under annuity contract. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
Interest expenses after adjustment on note payable. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum amount of asset securing reinsurance obligations. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum amount required to pay under front street reinsurance transaction. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum period of measurement period. No definition available.
|
| X | ||||||||||
|
- Definition
Notes payable face amount. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total purchase price of the acquired entity. This includes cash paid to equity interest holders of the acquired entity, fair value of debt and equity securities issued to equity holders of the acquired entity, and transaction costs paid to third parties to consummate the acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to current assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash and cash equivalents acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to inventory, including finished goods, work-in-process, and raw materials. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount of acquisition cost of a business combination allocated to noncurrent deferred tax assets. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of goodwill arising from a business combination, which is the excess of the cost of the acquired entity over the amounts assigned to assets acquired and liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of acquisition cost of a business combination allocated to assets, excluding financial assets and goodwill, lacking physical substance. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of acquisition cost of a business combination allocated to land and building to be used in the normal course of business, not including assets that are held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Restructuring and Related Charges (Details) (Spectrum Brands [Member], USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
| Initiatives: | ||||
| Restructuring and Related Charges | $ 3,896 | $ 7,066 | $ 15,890 | $ 17,778 |
| Classification: | ||||
| Restructuring and Related Charges | 3,896 | 7,066 | 15,890 | 17,778 |
|
Cost of goods sold [Member]
|
||||
| Initiatives: | ||||
| Restructuring and Related Charges | 2,038 | 2,285 | 8,303 | 4,932 |
| Classification: | ||||
| Restructuring and Related Charges | 2,038 | 2,285 | 8,303 | 4,932 |
|
Selling, general and administrative [Member]
|
||||
| Initiatives: | ||||
| Restructuring and Related Charges | 1,858 | 4,781 | 7,587 | 12,846 |
| Classification: | ||||
| Restructuring and Related Charges | 1,858 | 4,781 | 7,587 | 12,846 |
|
Global Cost Reduction Initiatives [Member]
|
||||
| Initiatives: | ||||
| Restructuring and Related Charges | 3,768 | 6,462 | 15,070 | 14,569 |
| Charges Since Inception | 79,398 | |||
| Expected Future Charges | 7,610 | |||
| Total Projected Costs | 87,008 | |||
| Expected Completion Date | Jan. 31, 2015 | |||
| Classification: | ||||
| Restructuring and Related Charges | 3,768 | 6,462 | 15,070 | 14,569 |
|
Other Initiatives [Member]
|
||||
| Initiatives: | ||||
| Restructuring and Related Charges | 128 | 604 | 820 | 3,209 |
| Classification: | ||||
| Restructuring and Related Charges | $ 128 | $ 604 | $ 820 | $ 3,209 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Restructuring and related cost expected future charges. No definition available.
|
| X | ||||||||||
|
- Definition
Date the exit and disposal activities were completed or are expected to be completed, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of costs incurred to date for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount expected to be charged against earnings in the current and future periods for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Restructuring and Related Charges (Details 1) (Spectrum Brands [Member], USD $)
In Thousands, unless otherwise specified |
9 Months Ended |
|---|---|
|
Jul. 01, 2012
|
|
| Summarization of the remaining accrual balance associated with the initiatives and the activity | |
| Accrual Balance at September 30, 2011 | $ 16,187 |
| Provisions | 1,270 |
| Cash Expenditures | (9,974) |
| Non-Cash Items | (424) |
| Accrual Balance at July 1, 2012 | 7,059 |
| Expensed as Incurred | 14,620 |
|
Global Cost Reduction Initiatives [Member]
|
|
| Summarization of the remaining accrual balance associated with the initiatives and the activity | |
| Accrual Balance at September 30, 2011 | 11,816 |
| Provisions | 1,318 |
| Cash Expenditures | (7,999) |
| Non-Cash Items | (544) |
| Accrual Balance at July 1, 2012 | 4,591 |
| Expensed as Incurred | 13,752 |
|
Global Cost Reduction Initiatives [Member] | Termination benefits [Member]
|
|
| Summarization of the remaining accrual balance associated with the initiatives and the activity | |
| Accrual Balance at September 30, 2011 | 8,795 |
| Provisions | 1,051 |
| Cash Expenditures | (6,897) |
| Non-Cash Items | (108) |
| Accrual Balance at July 1, 2012 | 2,841 |
| Expensed as Incurred | 3,556 |
|
Global Cost Reduction Initiatives [Member] | Other costs [Member]
|
|
| Summarization of the remaining accrual balance associated with the initiatives and the activity | |
| Accrual Balance at September 30, 2011 | 3,021 |
| Provisions | 267 |
| Cash Expenditures | (1,102) |
| Non-Cash Items | (436) |
| Accrual Balance at July 1, 2012 | 1,750 |
| Expensed as Incurred | 10,196 |
|
Other Initiatives [Member]
|
|
| Summarization of the remaining accrual balance associated with the initiatives and the activity | |
| Accrual Balance at September 30, 2011 | 4,371 |
| Provisions | (48) |
| Cash Expenditures | (1,975) |
| Non-Cash Items | 120 |
| Accrual Balance at July 1, 2012 | 2,468 |
| Expensed as Incurred | $ 868 |
| X | ||||||||||
|
- Definition
Restructuring accrual provision. No definition available.
|
| X | ||||||||||
|
- Definition
Restructuring expenses incurred. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of consideration other than cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Other Required Disclosures (Details) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|||
|---|---|---|---|---|---|
|
Consumer Products and Other:
|
|||||
| Components of Receivables, net | |||||
| Trade accounts receivable | $ 356,638 | $ 370,733 | |||
| Contingent purchase price reduction receivable | 41,000 | ||||
| Other receivables | 45,090 | 37,678 | |||
| Receivable, Gross | 442,728 | 408,411 | |||
| Less: Allowance for doubtful trade accounts receivable | 14,288 | 14,128 | |||
| Receivables, net | $ 428,440 | $ 394,283 | [1] | ||
|
|||||
| X | ||||||||||
|
- Definition
Contingent purchase price reduction receivable. No definition available.
|
| X | ||||||||||
|
- Definition
Trade accounts receivable. No definition available.
|
| X | ||||||||||
|
- Definition
For unclassified balance sheet, amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Other Required Disclosures (Details 1) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|||
|---|---|---|---|---|---|
|
Consumer Products and Other:
|
|||||
| Components of Inventories | |||||
| Raw materials | $ 78,116 | $ 59,928 | |||
| Work in process | 29,672 | 25,465 | |||
| Finished goods | 444,727 | 349,237 | |||
| Total inventories | $ 552,515 | $ 434,630 | [1] | ||
|
|||||
| X | ||||||||||
|
- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Other Required Disclosures (Details 2) (Consumer Products and Other:, USD $)
In Thousands, unless otherwise specified |
Jul. 01, 2012
|
Sep. 30, 2011
|
|||
|---|---|---|---|---|---|
|
Consumer Products and Other:
|
|||||
| Components of Properties | |||||
| Total properties, at cost | $ 336,372 | $ 314,281 | |||
| Less accumulated depreciation | 127,484 | 107,482 | |||
| Property, Plant and Equipment, Net | $ 208,888 | $ 206,799 | [1] | ||
|
|||||
| X | ||||||||||
|
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Other Required Disclosures (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
Jul. 01, 2012
Customer
|
Jul. 03, 2011
|
Jul. 01, 2012
Customer
|
Jul. 03, 2011
|
Sep. 30, 2011
|
|
| Other Required Disclosures (Textual) [Abstract] | |||||
| Retail outlet chain customer of spectrum brands, net sales | 23.00% | 25.00% | 23.00% | 23.00% | |
| Retail outlet chain customer of spectrum brands, trade accounts | 14.00% | 14.00% | 16.00% | ||
| Net sales occurred outside the United States | 40.00% | 40.00% | 44.00% | 44.00% | |
| Shipping and handling cost | $ 48,797 | $ 51,172 | $ 148,383 | $ 150,140 | |
| Loans receivable through the asset based lending activities | 73,974 | 73,974 | |||
| Allowance for loan loss | 559 | 559 | |||
| Loans receivable through the asset based lending activities, gross | 74,533 | 74,533 | |||
| Amount of notes receivable gross with maturity period of less than one year | $ 4,890 | $ 4,890 | |||
| Maximum period of maturity of specified notes receivable gross | 1 year | ||||
| Loan to four individual customers | 73.00% | 73.00% | |||
| Loan to customers in apparel industry | 62.00% | 62.00% | |||
| Number of individual customers | 4 | 4 | |||
| Outstanding loan secured by collateral | 101065 | ||||
| X | ||||||||||
|
- Definition
Amount of notes receivable gross with maturity period of less than one year. No definition available.
|
| X | ||||||||||
|
- Definition
Entity wide disclosure on geographic areas revenue from external customers attributed to foreign countries percentage. No definition available.
|
| X | ||||||||||
|
- Definition
Entity wide trade accounts receivable major customer percentage. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum period of maturity of specified notes receivable gross. No definition available.
|
| X | ||||||||||
|
- Definition
Number of individual customers. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Percentage of outstanding loans receivable held by investor one. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of outstanding loans receivable held by investor two. No definition available.
|
| X | ||||||||||
|
- Definition
Discussion of whether the debt instrument is secured or unsecured, and, if secured, a description of the collateral and guarantees required or provided. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Percentage of revenue generated from a single external customer that accounts for 10 percent or more of an entity's revenues. No definition available.
|
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. Excludes amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Related Party Transactions (Details Textual) (Harbinger Capital Partners LLC [Member], USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
|
|
Harbinger Capital Partners LLC [Member]
|
||
| Related Party Transaction [Line Items] | ||
| Expense related to advisory and consulting services and office space provided to Company by Harbinger Capital | $ 1,946 | $ 0 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of selling, general and administrative expenses resulting from transactions, excluding transactions that are eliminated in consolidated or combined financial statements, with related party. No definition available.
|
|
Segment Data (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Sep. 30, 2011
|
|||||||
| Revenues: | |||||||||||
| Consolidated revenues | $ 1,012,160 | $ 1,034,290 | $ 3,283,863 | $ 2,589,241 | [1] | ||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | 81,403 | 120,516 | 289,127 | 207,639 | [1] | ||||||
| Interest expense | (54,447) | (51,904) | (194,417) | (192,650) | [1] | ||||||
| (Increase) decrease in fair value of equity conversion feature of preferred stock | (125,540) | 5,960 | (124,010) | 5,960 | [1] | ||||||
| Bargain purchase gain from business acquisition | 158,341 | 158,341 | [1] | ||||||||
| Gain on contingent purchase price reduction | 41,000 | ||||||||||
| Other income (expense), net | (17,446) | 1,126 | (25,947) | 1,089 | [1] | ||||||
| Income (loss) from continuing operations before income taxes | (116,030) | 234,039 | (14,247) | 180,379 | [1] | ||||||
| Total assets: | |||||||||||
| Consolidated total assets | 24,581,349 | 24,581,349 | 23,590,888 | [2] | |||||||
|
Operating Segments [Member]
|
|||||||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | 94,665 | 128,528 | 325,698 | 244,886 | |||||||
| Total assets: | |||||||||||
| Consolidated total assets | 24,116,242 | 24,116,242 | 22,974,667 | ||||||||
|
Consumer Products Segment [Member]
|
|||||||||||
| Revenues: | |||||||||||
| Consolidated revenues | 824,803 | 804,635 | 2,419,859 | 2,359,586 | |||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | 95,188 | 78,767 | 234,138 | 195,125 | |||||||
| Total assets: | |||||||||||
| Consolidated total assets | 3,776,174 | 3,776,174 | 3,626,706 | ||||||||
|
Insurance Segment [Member]
|
|||||||||||
| Revenues: | |||||||||||
| Consolidated revenues | 186,218 | 229,655 | 862,583 | 229,655 | |||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | (442) | 49,761 | 92,423 | 49,761 | |||||||
| Total assets: | |||||||||||
| Consolidated total assets | 20,317,765 | 20,317,765 | 19,347,961 | ||||||||
|
Other financial services [Member]
|
|||||||||||
| Revenues: | |||||||||||
| Consolidated revenues | 1,655 | 2,084 | |||||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | 435 | (200) | |||||||||
| Total assets: | |||||||||||
| Consolidated total assets | 88,286 | 88,286 | |||||||||
|
Intersegment elimination [Member]
|
|||||||||||
| Revenues: | |||||||||||
| Consolidated revenues | (516) | (663) | |||||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | (516) | (663) | |||||||||
| Total assets: | |||||||||||
| Consolidated total assets | (65,983) | (65,983) | |||||||||
|
Corporate [Member]
|
|||||||||||
| Operating income (loss): | |||||||||||
| Consolidated operating income | (13,262) | (8,012) | (36,571) | (37,247) | |||||||
| Total assets: | |||||||||||
| Consolidated total assets | $ 465,107 | $ 465,107 | $ 616,221 | ||||||||
|
|||||||||||
| X | ||||||||||
|
- Definition
Income from contingent purchase price reduction. No definition available.
|
| X | ||||||||||
|
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
|
Segment Data (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jul. 01, 2012
|
Jul. 03, 2011
|
Jul. 01, 2012
Segment
|
Jul. 03, 2011
|
|
| Segment Data (Textual) [Abstract] | ||||
| Number of reporting segments | 2 | |||
| Start-up Costs | $ 809 | $ 1,900 | $ 2,524 | $ 3,600 |
| Acquisition related cost | $ 473 | $ 3,400 | $ 3,054 | $ 26,500 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Start-up Costs. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
|
Subsequent Event (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Jul. 01, 2012
|
Aug. 07, 2012
|
|
| Subsequent Event (Textual) [Abstract] | ||
| Dividend Declared | $ 1.00 | |
| Dividend payable, date | Sep. 18, 2012 | |
| Dividend payable, record date | Aug. 27, 2012 | |
| Dividend paid | $ 53,418 | |
|
HGI [Member]
|
||
| Subsequent Event (Textual) [Abstract] | ||
| Dividend paid | $ 29,536 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Date the declared dividend will be paid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The per share amount of a dividend declared, but not paid, as of the financial reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Date the holder must own the stock to be entitled to the dividend, in CCYY-MM-DD format. No definition available.
|