Document And Entity Information (USD $)	12 Months Ended
Document And Entity Information (USD $)	Sep. 30, 2011
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2011
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2011
Entity Registrant Name	Spectrum Brands, Inc.
Entity Central Index Key	0001028985
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Entity Well-known Seasoned Issuer	No
Entity Public Float	$ 0
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Statements Of Financial Position (Successor [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2011	Sep. 30, 2010
Successor [Member]
Assets
Cash and cash equivalents	$ 142,414	$ 170,614
Receivables:
Trade accounts receivable, net of allowances of $14,128 and $4,351, respectively	356,605	365,002
Other	33,235	41,548
Inventories	434,630	530,342
Deferred income taxes	28,170	35,735
Prepaid expenses and other	48,792	56,574
Total current assets	1,043,846	1,199,815
Property, plant and equipment, net	206,389	201,164
Deferred charges and other	36,824	46,352
Goodwill	610,338	600,055
Intangible assets, net	1,683,909	1,769,360
Debt issuance costs	40,957	56,961
Total assets	3,622,263	3,873,707
Liabilities and Shareholders' Equity
Current maturities of long-term debt	41,090	20,710
Accounts payable	323,171	332,231
Accrued liabilities:
Wages and benefits	70,945	93,971
Income taxes payable	31,606	37,118
Restructuring and related charges	16,187	23,793
Accrued interest	30,467	31,652
Other	118,378	123,048
Total current liabilities	631,844	662,523
Long-term debt, net of current maturities	1,535,522	1,723,057
Employee benefit obligations, net of current portion	83,802	92,725
Deferred income taxes	337,336	277,843
Other	44,637	70,828
Total liabilities	2,633,141	2,826,976
Commitments and contingencies
Shareholders' equity:
Other capital	1,338,734	1,314,768
Accumulated deficit	(335,166)	(260,540)
Accumulated other comprehensive loss	(14,446)	(7,497)
Total shareholders' equity	989,122	1,046,731
Total liabilities and shareholders' equity	$ 3,622,263	$ 3,873,707

Consolidated Statements Of Operations (USD $) In Thousands, unless otherwise specified	1 Months Ended	12 Months Ended		11 Months Ended
	Sep. 30, 2009 Successor [Member]	Sep. 30, 2011 Successor [Member]	Sep. 30, 2010 Successor [Member]	Aug. 30, 2009 Predecessor [Member]
Net sales	$ 219,888	$ 3,186,916	$ 2,567,011	$ 2,010,648
Cost of goods sold	155,310	2,050,208	1,638,451	1,245,640
Restructuring and related charges	178	7,841	7,150	13,189
Gross profit	64,400	1,128,867	921,410	751,819
Operating expenses:
Selling	39,136	536,535	466,813	363,106
General and administrative	20,578	240,923	199,034	145,235
Research and development	3,027	32,901	31,013	21,391
Acquisition and integration related charges		36,603	38,452
Restructuring and related charges	1,551	20,803	16,968	30,891
Intangible asset impairment		32,450		34,391
Total operating expenses	64,292	900,215	752,280	595,014
Operating income	108	228,652	169,130	156,805
Interest expense	16,962	208,492	277,015	172,940
Other expense (income), net	(816)	2,491	12,300	3,320
Income (loss) from continuing operations before reorganization items and income taxes	(16,038)	17,669	(120,185)	(19,455)
Reorganization items expense (income), net	3,962		3,646	(1,142,809)
Income (loss) from continuing operations before income taxes	(20,000)	17,669	(123,831)	1,123,354
Income tax expense	51,193	92,295	63,189	22,611
(Loss) income from continuing operations	(71,193)	(74,626)	(187,020)	1,100,743
(Loss) income from discontinued operations, net of tax	408		(2,735)	(86,802)
Net (loss) income	$ (70,785)	$ (74,626)	$ (189,755)	$ 1,013,941

Consolidated Statements Of Shareholders' Equity (Deficit) And Comprehensive Income (Loss) (USD $) In Thousands	Common Stock [Member] Predecessor [Member]	Common Stock [Member] Successor [Member]	Additional Paid-In Capital/Other Capital [Member] Predecessor [Member]	Additional Paid-In Capital/Other Capital [Member] Successor [Member]	Accumulated Deficit [Member] Predecessor [Member]	Accumulated Deficit [Member] Successor [Member]	Accumulated Other Comprehensive Income (Loss), Net Of Tax [Member] Predecessor [Member]	Accumulated Other Comprehensive Income (Loss), Net Of Tax [Member] Successor [Member]	Treasury Stock [Member] Predecessor [Member]	Predecessor [Member]	Successor [Member]
Balance at Sep. 30, 2008	$ 692		$ 674,370		$ (1,694,915)		$ 69,445		$ (76,830)	$ (1,027,238)
Balance, shares at Sep. 30, 2008	52,775
Net (loss) income					1,013,941					1,013,941
Adjustment of additional minimum pension liability							(1,160)			(1,160)
Valuation allowance adjustment							5,104			5,104
Translation adjustment							(2,650)			(2,650)
Other unrealized gains and losses							9,817			9,817
Comprehensive income (loss)										1,025,052
Issuance of restricted stock	(1)		1
Issuance of restricted stock, shares	230
Forfeiture of restricted stock	(82)
Treasury shares surrendered									(61)	(61)
Treasury shares surrendered, shares	(185)
Amortization of unearned compensation			2,636							2,636
Cancellation of Predecessor Company common stock	(691)		(677,007)						76,891	(600,807)
Cancellation of Predecessor Company common stock, shares	(52,738)
Elimination of Predecessor Company accumulated deficit and accumulated other comprehensive income					680,974		(80,556)			600,418
Issuance of new common stock in connection with emergence from Chapter 11 of the Bankruptcy Code	300		724,796							725,096
Issuance of new common stock in connection with emergence from Chapter 11 of the Bankruptcy Code, shares	30,000
Balance at Aug. 30, 2009		300		724,796							725,096
Balance, shares at Aug. 30, 2009		30,000
Net (loss) income						(70,785)					(70,785)
Adjustment of additional minimum pension liability								576			576
Valuation allowance adjustment								(755)			(755)
Translation adjustment								5,896			5,896
Other unrealized gains and losses								851			851
Comprehensive income (loss)											(64,217)
Balance at Sep. 30, 2009		300		724,796		(70,785)		6,568			660,879
Balance, shares at Sep. 30, 2009		30,000
Net (loss) income						(189,755)					(189,755)
Adjustment of additional minimum pension liability								(17,773)			(17,773)
Valuation allowance adjustment								(2,398)			(2,398)
Translation adjustment								12,596			12,596
Other unrealized gains and losses								(6,490)			(6,490)
Comprehensive income (loss)											(203,820)
Extinguishment of Spectrum Brands common stock, pursuant to the Merger		(300)		(724,796)							(725,096)
Extinguishment of Spectrum Brands common stock, pursuant to the Merger, shares		(30,000)
Issuance of restricted stock				(9)							(9)
Amortization of unearned compensation				16,574							16,574
Other capital				1,298,203							1,298,203
Balance at Sep. 30, 2010				1,314,768		(260,540)		(7,497)			1,046,731
Net (loss) income						(74,626)					(74,626)
Adjustment of additional minimum pension liability								(4,299)			(4,299)
Valuation allowance adjustment								2,706			2,706
Translation adjustment								(10,115)			(10,115)
Other unrealized gains and losses								4,759			4,759
Comprehensive income (loss)											(81,575)
Amortization of unearned compensation				29,969							29,969
Restricted stock surrendered				(6,003)							(6,003)
Balance at Sep. 30, 2011				$ 1,338,734		$ (335,166)		$ (14,446)			$ 989,122

Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	1 Months Ended	12 Months Ended		11 Months Ended
	Sep. 30, 2009 Successor [Member]	Sep. 30, 2011 Successor [Member]	Sep. 30, 2010 Successor [Member]	Aug. 30, 2009 Predecessor [Member]
Cash flows from operating activities:
Net (loss) income	$ (70,785)	$ (74,626)	$ (189,755)	$ 1,013,941
(Loss) income from discontinued operations	408		(2,735)	(86,802)
(Loss) income from continuing operations	(71,193)	(74,626)	(187,020)	1,100,743
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation	5,158	47,065	54,822	36,745
Amortization of intangibles	3,513	57,695	45,920	19,099
Amortization of debt issuance costs	314	13,198	9,030	13,338
Amortization of unearned restricted stock compensation		29,969	16,574	2,636
Intangible asset impairment		32,450		34,391
Non-cash goodwill adjustment due to release of valuation allowance	47,443
Fresh-start reporting adjustments				(1,087,566)
Gain on cancelation of debt				(146,555)
Administrative related reorganization items	3,962		3,646	91,312
Payments for administrative related reorganization items			(47,173)
Deferred income taxes	3,498	24,374	51,731	22,046
Non-cash increase to cost of goods sold due to fresh-start reporting inventory valuation			34,865
Non-cash interest expense on 12% Notes			24,555
Write off of unamortized discount upon refinancing Term Loan		8,950	59,162
Write off of debt issuance costs upon refinancing Term Loan		15,420	6,551	2,358
Non-cash restructuring and related charges	1,299	15,143	16,359	28,368
Non-cash debt accretion	2,861	4,773	18,302
Changes in assets and liabilities:
Accounts receivable	5,699	17,412	12,600	68,203
Inventories	48,995	96,406	(66,127)	9,004
Prepaid expenses and other current assets	1,256	815	2,025	5,131
Accounts payable and accrued liabilities	22,438	(60,573)	86,247	(80,463)
Other assets and liabilities	(6,565)	3,770	(73,510)	(88,996)
Net cash provided by operating activities of continuing operations	68,678	232,241	68,559	29,794
Net cash (used) provided by operating activities of discontinued operations	6,273		(11,221)	(28,187)
Net cash provided by operating activities	74,951	232,241	57,338	1,607
Cash flows from investing activities:
Purchases of property, plant and equipment	(2,718)	(36,160)	(40,316)	(8,066)
Proceeds from sale of property, plant and equipment	71	243	388	379
Acquisitions, net of cash acquired		(11,053)	(2,577)	(8,460)
Proceeds from sale of assets held for sale		6,997
Other investing activity		(5,723)
Net cash used by investing activities of continuing operations	(2,647)	(45,696)	(42,505)	(16,147)
Net cash used by investing activities of discontinued operations				(855)
Net cash used by investing activities	(2,647)	(45,696)	(42,505)	(17,002)
Cash flows from financing activities:
Proceeds from new Senior Credit Facilities, excluding new ABL Revolving Credit Facility, net of discount			1,474,755
Payment of senior credit facilities, excluding old ABL revolving credit facility		(224,763)	(1,278,760)
Expensed prepayment penalty of term loan facility refinanced in Fiscal 2011		(5,653)
Reduction of other debt	(4,603)		(8,456)	(120,583)
Proceeds from other debt financing		30,788	13,688
Debt issuance costs, net of refund	(287)	(12,616)	(55,024)	(17,199)
Extinguished ABL Revolving Credit Facility	(31,775)		(33,225)	65,000
(Payments of) proceeds on supplemental loan			(45,000)	45,000
Treasury stock purchases		(3,409)	(2,207)	(61)
Net cash (used) provided by financing activities	(36,665)	(215,653)	65,771	(27,843)
Effect of exchange rate changes on cash and cash equivalents due to Venezuela hyperinflation			(8,048)
Effect of exchange rate changes on cash and cash equivalents	1,002	908	258	(376)
Net (decrease) increase in cash and cash equivalents	36,641	(28,200)	72,814	(43,614)
Cash and cash equivalents, beginning of period	61,159	170,614	97,800	104,773
Cash and cash equivalents, end of period	97,800	142,414	170,614	61,159
Supplemental disclosure of cash flow information:
Cash paid for interest	5,828	171,577	136,429	158,380
Cash paid for income taxes, net	$ 1,336	$ 37,171	$ 36,951	$ 18,768

Description Of Business	12 Months Ended
Description Of Business	Sep. 30, 2011
Description Of Business [Abstract]
Description Of Business	(1) Description of Business Spectrum Brands, Inc., a Delaware corporation ("Spectrum Brands" or the "Company"), is a global branded consumer products company. Spectrum Brands Holdings, Inc. ("SB Holdings") was created in connection with the combination of Spectrum Brands and Russell Hobbs, Inc. ("Russell Hobbs"), a global branded small appliance company, to form a new combined company (the "Merger"). The Merger was consummated on June 16, 2010. As a result of the Merger, both Spectrum Brands and Russell Hobbs became wholly-owned subsidiaries of SB Holdings. Russell Hobbs was subsequently merged into Spectrum Brands. SB Holdings trades on the New York Stock Exchange under the symbol "SPB." On February 3, 2009, Spectrum Brands, Inc. and its wholly owned United States ("U.S.") subsidiaries (collectively, the "Debtors") filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code"), in the U.S. Bankruptcy Court for the Western District of Texas (the "Bankruptcy Court"). On August 28, 2009 (the "Effective Date"), the Debtors emerged from Chapter 11 of the Bankruptcy Code. Effective as of the Effective Date and pursuant to the Debtors' confirmed plan of reorganization and in accordance with Accounting Standard Codification ("ASC") Topic 852: "Reorganizations," the Company determined that all conditions required for the adoption of fresh-start reporting were met upon emergence from Chapter 11 of the Bankruptcy Code on the Effective Date. However in light of the proximity of that date to the Company's August accounting period close, which was August 30, 2009, the Company elected to adopt a convenience date of August 30, 2009 for recording fresh-start reporting. Unless the context indicates otherwise, the term "Company" is used to refer to both Spectrum Brands and its subsidiaries prior to the Merger and Spectrum Brands and its subsidiaries subsequent to the Merger. The term "Predecessor Company" refers only to the Company prior to the Effective Date and the term "Successor Company" refers to Spectrum Brands or the Company subsequent to the Effective Date. The Company's operations include the worldwide manufacturing and marketing of alkaline, zinc carbon and hearing aid batteries, as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. The Company's operations also include the manufacturing and marketing of specialty pet supplies. The Company also manufactures and markets herbicides, insecticides and insect repellents in North America. The Company also designs, markets and distributes a broad range of branded small appliances and personal care products. The Company's operations utilize manufacturing and product development facilities located in the U.S., Europe, Latin America and Asia. The Company sells its products in approximately 130 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers and enjoys name recognition in its markets under the Rayovac, VARTA and Remington brands, each of which has been in existence for more than 80 years, and under the Tetra, 8-in-1, Spectracide, Cutter, Black & Decker, George Foreman, Russell Hobbs, Farberware and various other brands. The Company's global branded consumer products have positions in seven major product categories: consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; portable lighting; and home and garden controls. Effective October 1, 2010, the Company's chief operating decision-maker manages the businesses of the Company in three vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company's worldwide battery, electric shaving and grooming, electric personal care, portable lighting business and small appliances primarily in the kitchen and home product categories ("Global Batteries & Appliances"); (ii) Global Pet Supplies, which consists of the Company's worldwide pet supplies business ("Global Pet Supplies"); and (iii) Home and Garden Business, which consists of the Company's home and garden and insect control business (the "Home and Garden Business"). The current reporting segment structure reflects the combination of the former Global Batteries & Personal Care segment ("Global Batteries & Personal Care"), which consisted of the worldwide battery, electric shaving and grooming, electric personal care and portable lighting business, with substantially all of the former Small Appliances segment ("Small Appliances"), which consisted of the Russell Hobbs business acquired on June 16, 2010, to form the Global Batteries & Appliances segment. In addition, certain pest control and pet products included in the former Small Appliances segment have been reclassified into the Home and Garden Business and Global Pet Supplies segments, respectively. Management reviews the performance of the Company based on these segments. The presentation of all historical segment data herein has been changed to conform to this segment reporting structur, which reflects the manner in which the Company's management monitors performance and allocates resources. (For information pertaining to our business segments, see Note 11, "Segment Information").

Significant Accounting Policies And Practices

12 Months Ended

Sep. 30, 2011

Significant Accounting Policies And Practices [Abstract]

Significant Accounting Policies And Practices

(2) Significant Accounting Policies and Practices

(a) Principles of Consolidation and Fiscal Year End

The consolidated financial statements include the financial statements of Spectrum Brands, Inc. and its subsidiaries and are prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). All intercompany transactions have been eliminated. The Company's fiscal year ends September 30. References herein to Fiscal 2011, 2010 and 2009 refer to the fiscal years ended September 30, 2011, 2010 and 2009, respectively.

(b) Revenue Recognition

The Company recognizes revenue from product sales generally upon delivery to the customer or the shipping point in situations where the customer picks up the product or where delivery terms so stipulate. This represents the point at which title and all risks and rewards of ownership of the product are passed, provided that: there are no uncertainties regarding customer acceptance; there is persuasive evidence that an arrangement exists; the price to the buyer is fixed or determinable; and collectibility is deemed reasonably assured. The Company is generally not obligated to allow for, and its general policy is not to accept, product returns for battery sales. The Company does accept returns in specific instances related to its shaving, grooming, personal care, home and garden, small appliances and pet products. The provision for customer returns is based on historical sales and returns and other relevant information. The Company estimates and accrues the cost of returns, which are treated as a reduction of Net sales.

The Company enters into various promotional arrangements, primarily with retail customers, including arrangements entitling such retailers to cash rebates from the Company based on the level of their purchases, which require the Company to estimate and accrue the estimated costs of the promotional programs. These costs are treated as a reduction of Net sales.

The Company also enters into promotional arrangements that target the ultimate consumer. The costs associated with such arrangements are treated as either a reduction of Net sales or an increase of Cost of goods sold, based on the type of promotional program. The income statement presentation of the Company's promotional arrangements complies with ASC Topic 605: "Revenue Recognition." For all types of promotional arrangements and programs, the Company monitors its commitments and uses various measures, including past experience, to determine amounts to be recorded for the estimate of the earned, but unpaid, promotional costs. The terms of the Company's customer-related promotional arrangements and programs are tailored to each customer and are documented through written contracts, correspondence or other communications with the individual customers.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash, or "slotting" payments, in order to secure the right to distribute through such customers. The Company capitalizes slotting payments; provided the payments are supported by a time or volume based arrangement with the retailer, and amortizes the associated payment over the appropriate time or volume based term of the arrangement. The amortization of slotting payments is treated as a reduction in Net sales and a corresponding asset is reported in Deferred charges and other in the accompanying Consolidated Statements of Financial Position.

(c) Use of Estimates

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

(d) Cash Equivalents

For purposes of the accompanying Consolidated Statements of Cash Flows, the Company considers all highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents.

(e) Concentrations of Credit Risk, Major Customers and Employees

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

The Company has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This major customer represented approximately 24%, 22% and 23% of the Successor Company's Net sales during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively, and approximately 23% of Net sales during the Predecessor Company's period from October 1, 2008 through August 30, 2009. This major customer also represented approximately 16% and 15% of the Successor Company's Trade account receivables, net as of September 30, 2011 and September 30, 2010, respectively.

Approximately 44%, 44% and 48% of the Successor Company's Net sales during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively, occurred outside of the United States and approximately 42% of the Predecessor Company's Net sales during the period from October 1, 2008 through August 30, 2009, occurred outside of the United States. These sales and related receivables are subject to varying degrees of credit, currency, and political and economic risk. The Company monitors these risks and makes appropriate provisions for collectibility based on an assessment of the risks present.

(f) Displays and Fixtures

Temporary displays are generally disposable cardboard displays shipped to customers to facilitate display of the Company's products. Temporary displays are generally disposed of after a single use by the customer.

Permanent fixtures are more permanent in nature, are generally made from wire or other longer-lived materials, and are shipped to customers for use in displaying the Company's products. These permanent fixtures are restocked with the Company's product multiple times over the fixture's useful life.

The costs of both temporary and permanent displays are capitalized as a prepaid asset and are included in Prepaid expenses and other in the accompanying Consolidated Statements of Financial Position. The costs of temporary displays are expensed in the period in which they are shipped to customers and the costs of permanent fixtures are amortized over an estimated useful life of one to two years from the date they are shipped to customers and are reflected in Deferred charges and other in the accompanying Consolidated Statements of Financial Position.

(g) Inventories

The Company's inventories are valued at the lower of cost or market. Cost of inventories is determined using the first-in, first-out (FIFO) method.

(h) Property, Plant and Equipment

Property, plant and equipment are recorded at cost or at fair value if acquired in a purchase business combination. Depreciation on plant and equipment is calculated on the straight-line method over the estimated useful lives of the assets. Depreciable lives by major classification are as follows:


Building and improvements			20-40 years
Machinery, equipment and other			2-15 years

Plant and equipment held under capital leases are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset.

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates recoverability of assets to be held and used by comparing the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

(i) Intangible Assets

Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. In connection with fresh-start reporting, Intangible Assets were recorded at their estimated fair value on August 30, 2009. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives of approximately 4 to 20 years. Excess of cost over fair value of net assets acquired (goodwill) and indefinite-lived intangible assets (certain trade name intangibles) are not amortized. Goodwill is tested for impairment at least annually, at the reporting unit level with such groupings being consistent with the Company's reportable segments. If impairment is indicated, a write-down to fair value (normally measured by discounting estimated future cash flows) is recorded. Indefinite-lived trade name intangibles are tested for impairment at least annually by comparing the fair value, determined using a relief from royalty methodology, with the carrying value. Any excess of carrying value over fair value is recognized as an impairment loss in income from operations.

ASC Topic 350: "Intangibles-Goodwill and Other," ("ASC 350") requires that goodwill and indefinite-lived intangible assets be tested for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have been incurred. The Company's management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as unexpected adverse business conditions, economic factors, unanticipated technological change or competitive activities, loss of key personnel, and acts by governments and courts may signal that an asset has become impaired.

During Fiscal 2011, Fiscal 2010 and the period from October 1, 2008 through August 30, 2009, the Company's goodwill and trade name intangibles were tested for impairment as of the Company's August financial period end, the Company's annual testing date, as well as in certain interim periods where an event or circumstance occurred that indicated an impairment loss may have been incurred.

Intangibles with Indefinite Lives

In accordance with ASC 350, the Company conducts impairment testing on the Company's goodwill. To determine fair value during Fiscal 2011, Fiscal 2010 and the period from October 1, 2008 through August 30, 2009 the Company used the discounted estimated future cash flows methodology, third party valuations and negotiated sales prices. Assumptions critical to the Company's fair value estimates under the discounted estimated future cash flows methodology are: (i) the present value factors used in determining the fair value of the reporting units and trade names; (ii) projected average revenue growth rates used in the reporting unit; and (iii) projected long-term growth rates used in the derivation of terminal year values. These and other assumptions are impacted by economic conditions and expectations of management and will change in the future based on period specific facts and circumstances. The Company also tested the aggregate estimated fair value of its reporting units for reasonableness by comparison to the total market capitalization of the Company, which includes both its equity and debt securities.

In addition, in accordance with ASC 350, as part of the Company's annual impairment testing, the Company tested its indefinite-lived trade name intangible assets for impairment by comparing the carrying amount of such trade names to their respective fair values. Fair value was determined using a relief from royalty methodology. Assumptions critical to the Company's fair value estimates under the relief from royalty methodology were: (i) royalty rates, (ii) projected average revenue growth rates, and (iii) applicable discount rates.

A triggering event occurred in Fiscal 2011 which required the Company to test its indefinite-lived intangible assets for impairment between annual impairment dates. As more fully discussed above in Note 1, Description of Business, on October 1, 2010, the Company realigned its operating segments into three vertically integrated, product-focused reporting segments. The realignment of the Company's operating segments constituted a triggering event for impairment testing. In connection with this interim test, the Company compared the fair value of its reporting segments to their carrying amounts both before and after the change in segment composition, and determined the fair values were in excess of their carrying amounts and, accordingly, no further testing of goodwill was required. The Company also tested the recoverability of its identified indefinite-lived intangibles in connection with the realignment of its operating segments and concluded that the fair values of these assets exceeded their carrying values.

In connection with the Successor Company's annual goodwill impairment testing performed during Fiscal 2011 and Fiscal 2010 the first step of such testing indicated that the fair value of the Company's reporting segments were in excess of their carrying amounts and, accordingly, no further testing of goodwill was required.

In connection with the Predecessor Company's annual goodwill impairment testing performed during Fiscal 2009, which was completed by the Predecessor Company before applying fresh-start reporting, the first step of such testing indicated that the fair value of the Predecessor Company's reporting segments were in excess of their carrying amounts and, accordingly, no further testing of goodwill was required.

In connection with its annual impairment testing of indefinite-lived intangible assets during Fiscal 2011 the Company concluded that the fair values of certain trade name intangible assets were less than the carrying amounts of those assets. As a result, during Fiscal 2011 the Company recorded a non-cash pretax intangible asset impairment charge of approximately $32,450, which was equal to the excess of the carrying amounts of the intangible assets over the fair value of such assets. During Fiscal 2010 the Company concluded that the fair value of its intangible assets exceeded their carrying value.

During the period from October 1, 2008 through August 30, 2009, in connection with its annual impairment testing, the Company concluded that the fair values of certain trade name intangible assets were less than the carrying amounts of those assets. As a result, during the period from October 1, 2008 through August 30, 2009, the Company recorded non-cash pretax impairment charges of approximately $34,391, representing the excess of the carrying amounts of the intangible assets over the fair value of such assets.

The non-cash impairments of trade name intangible assets during Fiscal 2011 and during the period from October 1, 2008 through August 30, 2009, have been recorded as a separate component of Operating expenses.

The above impairments of trade name intangible assets were primarily attributed to lower current and forecasted profits, reflecting more conservative growth rates versus those originally assumed by the Company at the time of acquisition or upon adoption of fresh start reporting.

Intangibles with Definite or Estimable Useful Lives

The Company assesses the recoverability of intangible assets with definite or estimable useful lives whenever an event or circumstance occurs that indicates an impairment loss may have been incurred. The Company assesses the recoverability of these intangible assets by determining whether their carrying value can be recovered through projected undiscounted future cash flows. If projected undiscounted future cash flows indicate that the carrying value of the assets will not be recovered, an adjustment would be made to reduce the carrying value to an amount equal to estimated fair value determined based on projected future cash flows discounted at the Company's incremental borrowing rate. The cash flow projections used in estimating fair value are based on historical performance and management's estimate of future performance, giving consideration to existing and anticipated competitive and economic conditions.

Impairment reviews are conducted at the judgment of management when it believes that a change in circumstances in the business or external factors warrants a review. Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses, or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.

(j) Debt Issuance Costs

Debt issuance costs are capitalized and amortized to interest expense using the effective interest method over the lives of the related debt agreements.

(k) Accounts Payable

Included in accounts payable are book overdrafts, net of deposits on hand, on disbursement accounts that are replenished when checks are presented for payment.

(l) Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income tax expense.

(m) Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company's operations outside the United States. Assets and liabilities of the Company's foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses, and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of Accumulated other comprehensive income (loss) ("AOCI"). Also included in AOCI are the effects of exchange rate changes on intercompany balances of a long-term nature.

As of September 30, 2011 and September 30, 2010, accumulated gains related to foreign currency translation adjustments of $8,377 and $18,492, respectively, were reflected in the accompanying Consolidated Statements of Financial Position in AOCI.

Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the consolidate statements of operations in the period they occur. Successor Company exchange losses (gains) on foreign currency transactions aggregating $3,370, $13,336 and $(726) for Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively, are included in Other expense (income), net, in the accompanying Consolidated Statements of Operations. Predecessor Company exchange losses on foreign currency transactions aggregating $4,440 for the period from October 1, 2008 through August 30, 2009, are included in Other expense (income), net, in the accompanying Consolidated Statements of Operations.

(n) Shipping and Handling Costs

The Successor Company incurred shipping and handling costs of $201,480, $161,148 and $12,866 during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company incurred shipping and handling costs of $135,511 during the period from October 1, 2008 through August 30, 2009. Shipping and handling costs, which are included in Selling expenses in the accompanying Consolidated Statements of Operations, include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company's products for shipment at the Company's distribution facilities.

(o) Advertising Costs

The Successor Company incurred advertising costs of $30,673, $37,520 and $3,166 during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company incurred expenses for advertising of $25,813 during the period from October 1, 2008 through August 30, 2009. Such advertising costs are included in Selling expenses in the accompanying Consolidated Statements of Operations and include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company's advertisements.

(p) Research and Development Costs

Research and development costs are charged to expense in the period they are incurred.

(q) Environmental Expenditures

Environmental expenditures that relate to current ongoing operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Estimated environmental remediation expenditures are included in the determination of the net realizable value recorded for assets held for sale.

(r) Reclassifications

Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or accumulated deficit.

(s) Comprehensive Income

Comprehensive income includes foreign currency translation gains and losses on assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and transactions designated as a hedge of a net investment in a foreign subsidiary, deferred gains and losses on derivative financial instruments designated as cash flow hedges and additional minimum pension liabilities associated with the Company's pension plans. Except for gains and losses resulting from exchange rate changes on intercompany balances of a long-term nature, the Company does not provide income taxes on currency translation adjustments, as earnings from international subsidiaries are considered to be permanently reinvested.

Amounts recorded in AOCI on the accompanying Consolidated Statements of Shareholders' Equity (Deficit) and Comprehensive Income (Loss) for Fiscal 2011, Fiscal 2010 and Fiscal 2009 are net of the following tax (benefit) expense amounts:


	Pension Adjustment			Cash Flow Hedges			Translation Adjustment			Total
2011 (Successor Company)	$	(5,566	)	$	3,002		$	(2,250	)	$	(4,814	)
2010 (Successor Company)	$	(6,141	)	$	(2,659	)	$	(1,566	)	$	(10,366	)
2009 (Successor Company)	$	247		$	16		$	319		$	582
2009 (Predecessor Company)	$	(497	)	$	5,286		$	(40	)	$	4,749

(t) Stock Compensation

The Company measures the cost of its stock-based compensation plans based on the fair value of its employee stock awards at the date of grant and recognizes these costs over the requisite service period of the awards.

In September 2009, SB Holdings' board of directors (the "Board") adopted the 2009 Spectrum Brands Inc. Incentive Plan (the "2009 Plan"). In conjunction with the Merger the 2009 Plan was assumed by SB Holdings. Prior to October 21, 2010, up to 3,333 shares of common stock, net of forfeitures and cancellations, could have been issued under the 2009 Plan. After October 21, 2010, no further awards may be made under the 2009 Plan.

In conjunction with the Merger, SB Holdings adopted the Spectrum Brands Holdings, Inc. 2007 Omnibus Equity Award Plan (formerly known as the Russell Hobbs Inc. 2007 Omnibus Equity Award Plan, as amended on June 24, 2008) (the "2007 RH Plan"). Prior to October 21, 2010, up to 600 shares of common stock, net of forfeitures and cancellations, could have been issued under the RH Plan. After October 21, 2010, no further awards may be made under the 2007 RH Plan.

On October 21, 2010, SB Holdings' Board of Directors adopted the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan ("2011 Plan"), which was approved at the Annual Meeting of Stockholders on March 1, 2011. Up to 4,626 shares of common stock of the SB Holdings, net of cancellations, may be issued under the 2011 Plan.

Total stock compensation expense associated with restricted stock awards recognized by the Successor Company during Fiscal 2011 was $29,969 or $19,480, net of taxes. The amounts before tax are included in General and administrative expenses in the accompanying Consolidated Statements of Operations, of which $467 or $304 net of taxes, related to the accelerated vesting of certain awards to terminated employees.

Total stock compensation expense associated with restricted stock awards recognized by the Successor Company during Fiscal 2010 was $16,574 or $10,773, net of taxes. The amounts before tax are included in General and administrative expenses and Restructuring and related charges in the accompanying Consolidated Statements of Operations, of which $2,141 or $1,392 net of taxes, was included in Restructuring and related charges primarily related to the accelerated vesting of certain awards to terminated employees. The Successor Company recorded no stock compensation expense during the period from August 31, 2009 through September 30, 2009.

Total stock compensation expense associated with both stock options and restricted stock awards recognized by the Predecessor Company during the period from October 1, 2008 through August 30, 2009 was $2,636 or $1,642, net of taxes. The amounts before tax are included in General and administrative expenses in the accompanying Consolidated Statements of Operations.

The Successor Company granted approximately 1,658 shares of restricted stock during Fiscal 2011. Of these grants, 77 restricted stock units are time-based and vest over a period ranging from one year to three years. The remaining 1,581 shares are restricted stock units that are both performance and time-based and vest as follows: (i) 699 stock units vest over a one year performance based period followed by a one year time-based period and (ii) 882 stock units vest over a two year performance based period followed by a one year time-based period. The total market value of the restricted shares on the date of the grant was approximately $48,110.

The Successor Company granted approximately 921 shares of restricted stock during Fiscal 2010. Of these grants, 271 restricted stock units were granted in conjunction with the Merger and are time-based and vest over a one year period. The remaining 650 shares are restricted stock grants that are time based and vest as follows: (i) 611 shares vest over a two year period; and (ii) 39 shares vest over a three year period. The total market value of the restricted shares on the date of the grant was approximately $22,879.

The fair value of restricted stock is determined based on the market price of the Company's shares on the grant date. A summary of the status of the Successor Company's non-vested restricted stock awards and restricted stock units as of September 30, 2011 is as follows:


Restricted Stock Awards	Shares			Weighted Average Grant Date Fair Value		Fair Value
Restricted stock awards at September 30, 2009		—		$	—	$	—
Granted		650			23.43		15,228
Vested		(222	)		23.15		(5,140	)

Restricted stock awards at September 30, 2010		428		$	23.57	$	10,088
Vested		(305	)		23.31		(7,111	)

Restricted stock awards at September 30, 2011		123		$	24.20	$	2,977


Restricted Stock Units	Shares			Weighted Average Grant Date Fair Value		Fair Value
Restricted stock units at September 30, 2009		—		$	—	$	—
Granted		271			28.23		7,651
Vested		(22	)		28.32		(623	)

Restricted stock units at September 30, 2010		249		$	28.22	$	7,028
Granted		1,658			29.02		48,110
Forfeited		(43	)		29.46		(1,267	)
Vested		(235	)		28.23		(6,635	)

Restricted stock units at September 30, 2011		1,629		$	28.97	$	47,236

(u) Restructuring and Related Charges

Restructuring charges are recognized and measured according to the provisions of ASC Topic 420: "Exit or Disposal Cost Obligations," ("ASC 420"). Under ASC 420, restructuring charges include, but are not limited to, termination and related costs consisting primarily of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with exit and integration activities, including impairment of property and other assets, departmental costs of full-time incremental integration employees, and any other items related to the exit or integration activities. Costs for such activities are estimated by management after evaluating detailed analyses of the cost to be incurred. The Company presents restructuring and related charges on a combined basis. (See also Note 14, Restructuring and Related Charges, for a more complete discussion of restructuring initiatives and related costs).

(v) Acquisition and Integration Related Charges

Acquisition and integration related charges reflected in Operating expenses include, but are not limited to transaction costs such as banking, legal, accounting and other professional fees directly related to the acquisition, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination expenses associated with mergers and acquisitions.

The following table summarizes acquisition and integration related charges incurred by the Company during Fiscal 2011 and Fiscal 2010 associated with the Merger:


	2011		2010
Integration costs	$	23,084	$	3,777
Employee termination charges		8,105		9,713
Legal and professional fees		4,883		24,962

Total Acquisition and integration related charges	$	36,072	$	38,452

Additionally, the Company incurred $210 of legal and professional fees and integration costs associated with the acquisition of Seed Resources, LLC ("Seed Resources") and $321 of other acquisition and integration costs during Fiscal 2011. (See Note 15, Acquisitions, for additional information on the Seed Resources acquisition.)

(w) Reorganization Items

Subsequent to the date of the Bankruptcy Filing (the "Petition Date"), the Company's financial statements are prepared in accordance with ASC 852. ASC 852 does not change the application of GAAP in the preparation of the Company's consolidated financial statements. However, ASC 852 does require that financial statements, for periods including and subsequent to the filing of a Chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. In accordance with ASC 852, the Company has done the following:

•

On the accompanying Consolidated Statements of Operations, distinguished transactions and events that are directly associated with the reorganization from the ongoing operations of the business; and

•

On the accompanying Consolidated Statements of Cash Flows, separately disclosed Reorganization items expense (income), net, consisting of the following: (i) Fresh-start reporting adjustments; (ii) Gain on cancelation of debt; and (iii) Administrative related reorganization items.

Reorganization items are presented separately in the accompanying Consolidated Statements of Operations and represent amounts that the Company has identified as directly relating to the bankruptcy cases. Reorganization items expense (income), net during Fiscal 2010 and during the period from August 31, 2009 through September 30, 2009 and the period from October 1, 2008 through August 30, 2009 are summarized as follows:


	Successor Company				Predecessor Company
	Year Ended September 30, 2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Legal and professional fees	$	3,536	$	3,962	$	74,624
Deferred financing costs		—		—		10,668
Provision for rejected leases		110		—		6,020

Administrative related reorganization items	$	3,646	$	3,962	$	91,312
Gain on cancellation of debt		—		—		(146,555	)
Fresh-start reporting adjustments		—		—		(1,087,566	)

Reorganization items expense (income), net	$	3,646	$	3,962	$	(1,142,809	)

The Company did not recognize any reorganization expenses during Fiscal 2011.

Inventory

12 Months Ended

Sep. 30, 2011

Inventory [Abstract]

Inventory

(3) Inventory

Inventories consist of the following:


	September 30,
	2011		2010
Raw materials	$	59,928	$	62,857
Work-in-process		25,465		28,239
Finished goods		349,237		439,246

	$	434,630	$	530,342

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Property, Plant And Equipment

12 Months Ended

Sep. 30, 2011

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

(4) Property, Plant and Equipment

Property, plant and equipment consist of the following:


	September 30,
	2011		2010
Land, buildings and improvements	$	101,303	$	79,935
Machinery, equipment and other		202,309		157,172
Construction in progress		10,134		24,037

		313,746		261,144
Less accumulated depreciation		107,357		59,980

	$	206,389	$	201,164

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Goodwill And Intangible Assets

12 Months Ended

Sep. 30, 2011

Goodwill And Intangible Assets [Abstract]

Goodwill And Intangible Assets

(5) Goodwill and Intangible Assets

Intangible assets consist of the following:


	Global Batteries & Appliances			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2009	$	152,293		$	160,248		$	170,807		$	483,348
Additions due to Russell Hobbs Merger		116,607			2,629			843			120,079
Effect of translation		(480	)		(2,892	)		—			(3,372	)

Balance at September 30, 2010	$	268,420		$	159,985		$	171,650		$	600,055
Additions		—			10,029			255			10,284
Effect of translation		(272	)		271			—			(1	)

Balance at September 30, 2011	$	268,148		$	170,285		$	171,905		$	610,338

Intangible Assets:
*Trade names Not Subject to Amortization*
Balance at September 30, 2009	$	401,983		$	212,253		$	76,000		$	690,236
Additions due to Russell Hobbs Merger		164,730			6,200			—			170,930
Effect of translation		3,232			(6,920	)		—			(3,688	)

Balance at September 30, 2010	$	569,945		$	211,533		$	76,000		$	857,478
Additions		—			2,630			150			2,780
Intangible asset impairment		(23,200	)		(8,600	)		(650	)		(32,450	)
Effect of translation		(941	)		(72	)		—			(1,013	)

Balance at September 30, 2011	$	545,804		$	205,491		$	75,500		$	826,795

*Intangible Assets Subject to Amortization*
Balance at September 30, 2009, net	$	354,433		$	245,005		$	172,271		$	771,709
Additions due to Russell Hobbs Merger		186,508			4,100			1,789			192,397
Amortization during period		(22,189	)		(14,981	)		(8,750	)		(45,920	)
Effect of translation		(2,428	)		(3,876	)		—			(6,304	)

Balance at September 30, 2010, net	$	516,324		$	230,248		$	165,310		$	911,882
Additions		—			4,193			—			4,193
Amortization during period		(33,184	)		(15,599	)		(8,912	)		(57,695	)
Effect of translation		(1,667	)		401			—			(1,266	)

Balance at September 30, 2011, net	$	481,473		$	219,243		$	156,398		$	857,114

Total Intangible Assets, net at September 30, 2011	$	1,027,277		$	424,734		$	231,898		$	1,683,909

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names. The carrying value of technology assets was $58,170, net of accumulated amortization of $13,635 at September 30, 2011 and $60,792, net of accumulated amortization of $6,305 at September 30, 2010. The Company's trade names subject to amortization relate to intangible assets recognizes as a result of the valuation under fresh-start reporting and in connection with the Merger with Russell Hobbs. The carrying value of these trade names was $133,380, net of accumulated amortization of $16,320 at September 30, 2011 and $145,939, net of accumulated amortization of $3,750 at September 30, 2010. Remaining intangible assets subject to amortization include customer relationship intangibles. The carrying value of customer relationships was $665,564, net of accumulated amortization of $73,373 at September 30, 2011 and $705,151, net of accumulated amortization of $35,865 at September 30, 2010. The useful life of the Company's intangible assets subject to amortization are 4 to 8 years for proprietary technology assets related to the Global Pet Supplies segment, 9 to 17 years for proprietary technology assets associated with the Global Batteries & Appliances segment, 15 to 20 years for customer relationships of Global Batteries & Appliances, 20 years for customer relationships of the Home and Garden Business and Global Pet Supplies, 12 years for a trade name within the Global Batteries & Appliances segment and 4 years for a trade name within the Home and Garden Business segment.

ASC 350 requires companies to test goodwill and indefinite-lived intangible assets for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have incurred. During Fiscal 2011, Fiscal 2010 and the period from October 1, 2008 through August 30, 2009 the Company conducted impairment testing of goodwill and indefinite-lived intangible assets. As a result of this testing the Company recorded non-cash pretax intangible asset impairment charges of approximately $32,450 during Fiscal 2011 and $34,391 in the period from October 1, 2008 through August 30, 2009. Both the $32,450 recorded during Fiscal 2011 and the $34,391 recorded during the period from October 1, 2008 through August 30, 2009 related to impaired trade name intangible assets. (See also Note 2(i), Significant Accounting Policies—Intangible Assets, for further details on the impairment charges).

The amortization expense related to intangibles subject to amortization for the Successor Company for Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, and the Predecessor Company for the period from October 1, 2008 through August 30, 2009 is as follows:


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Proprietary technology amortization	$	6,817	$	6,305	$	515	$	3,448
Customer list amortization		38,320		35,865		2,988		14,920
Trade names amortization		12,558		3,750		10		731

	$	57,695	$	45,920	$	3,513	$	19,099

The Company estimates annual amortization expense for the next five fiscal years will approximate $58,000 per year.

- Definition

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.

+ References+ Details

Debt

12 Months Ended

Sep. 30, 2011

Debt [Abstract]

Debt

(6) Debt

Debt consists of the following:


	September 30, 2011						September 30, 2010
	Amount			Rate			Amount			Rate
Term Loan, U.S. Dollar, expiring June 17, 2016	$	525,237			5.1	%	$	750,000			8.1	%
9.5% Notes, due June 15, 2018		750,000			9.5	%		750,000			9.5	%
12% Notes, due August 28, 2019		245,031			12.0	%		245,031			12.0	%
ABL Revolving Credit Facility, expiring April 21, 2016		—			2.5	%		—			4.1	%
Other notes and obligations		44,333			6.5	%		13,605			10.8	%
Capitalized lease obligations		24,911			6.2	%		11,755			5.2	%

		1,589,512						1,770,391
Original issuance discounts on debt		(12,900	)					(26,624	)
Less current maturities		41,090						20,710

Long-term debt	$	1,535,522					$	1,723,057

The Successor Company's aggregate scheduled maturities of debt as of September 30, 2011 are as follows:


2012	$	41,090
2013		14,347
2014		8,792
2015		8,376
2016		505,974
Thereafter		1,010,933

	$	1,589,512

The Company's aggregate capitalized lease obligations included in the amounts above are payable in installments of $2,645 in 2012, $2,208 in 2013, $1,671 in 2014, $1,255 in 2015, $1,230 in 2016 and $15,902 thereafter.

In connection with the Merger, Spectrum Brands (i) entered into a new senior secured term loan pursuant to a new senior credit agreement (the "Senior Credit Agreement") consisting of a $750,000 U.S. dollar term loan, (ii) issued $750,000 of 9.5% Notes and (iii) entered into a $300,000 ABL Revolving Credit Facility. The proceeds from such financings were used to repay Spectrum Brands' senior term credit facility that existed at the time of emergence under Chapter 11 of the Bankruptcy Code (the "Prior Term Facility") and Spectrum Brands' then-existing asset based revolving loan facility, to pay fees and expenses in connection with the refinancing and for general corporate purposes.

The 9.5% Notes and 12% Notes were issued by Spectrum Brands. SB/RH Holdings, LLC, a wholly-owned subsidiary of SB Holdings, and the wholly owned domestic subsidiaries of Spectrum Brands are the guarantors under the 9.5% Notes. The wholly owned domestic subsidiaries of Spectrum Brands are the guarantors under the 12% Notes. SB Holdings is not an issuer or guarantor of the 9.5% Notes or the 12% Notes. SB Holdings is also not a borrower or guarantor under the Company's Term Loan or the ABL Revolving Credit Facility. Spectrum Brands is the borrower under the Term Loan and its wholly owned domestic subsidiaries along with SB/RH Holdings, LLC are the guarantors under that facility. Spectrum Brands and its wholly owned domestic subsidiaries are the borrowers under the ABL Revolving Credit Facility and SB/RH Holdings, LLC is a guarantor of that facility.

Senior Term Credit Facility

On February 1, 2011, the Company completed the refinancing of its term loan facility, which was initially established in connection with the Merger and had an aggregate amount outstanding of $680,000 upon refinancing (the "Term Loan"), with an amended and restated credit agreement, together with the amended ABL Revolving Credit Facility, (the "Senior Credit Facilities") at a lower interest rate.

The Term Loan was issued at par with a maturity date of June 17, 2016. Subject to certain mandatory prepayment events, the Term Loan is subject to repayment according to a scheduled amortization, with the final payment of all amounts outstanding, plus accrued and unpaid interest, due at maturity. Among other things, the Term Loan provides for interest at a rate per annum equal to, at the Company's option, the LIBO rate (adjusted for statutory reserves) subject to a 1.00% floor plus a margin equal to 4.00%, or an alternate base rate plus a margin equal to 3.00%.

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

The Company recorded $10,545 of fees in connection with the Term Loan during Fiscal 2011. The fees are classified as Debt issuance costs within the accompanying Consolidated Statements of Financial Position and are amortized as an adjustment to interest expense over the remaining life of the Term Loan. In connection with the refinancing, included in Fiscal 2011 Interest expense are cash charges of $4,954 and accelerated amortization of portions of the unamortized discount and unamortized Debt issuance costs totaling $24,370. In connection with voluntary prepayments of $220,000 of the Term Loan during Fiscal 2011, the Company recorded cash charges of $700 and accelerated amortization of portions of the unamortized discount and unamortized Debt issuance costs totaling $7,521 as an adjustment to increase interest expense. At September 30, 2011 and September 30, 2010, the aggregate amount outstanding under the Term Loan totaled $525,237 and $750,000, respectively.

9.5% Notes

At both September 30, 2011 and September 30, 2010, the Company had outstanding principal of $750,000 under the 9.5% Notes maturing June 15, 2018.

The Company may redeem all or a part of the 9.5% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 9.5% Notes (the "2018 Indenture") requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

The 2018 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 2018 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 on or acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2018 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 9.5% Notes. If any other event of default under the 2018 Indenture occurs and is continuing, the trustee for the 2018 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 9.5% Notes may declare the acceleration of the amounts due under those notes.

The 9.5% Notes were issued at a 1.37% discount and were recorded net of the $10,245 amount incurred. The discount is reflected as an adjustment to the carrying value of principal, and is being amortized with a corresponding charge to interest expense over the remaining life of the 9.5% Notes. During Fiscal 2010, the Company recorded $20,823 of fees in connection with the issuance of the 9.5% Notes. The fees are classified as Debt issuance costs within the accompanying Consolidated Statements of Financial Position and are amortized as an adjustment to interest expense over the remaining life of the 9.5% Notes.

12% Notes

On August 28, 2009, in connection with emergence from the voluntary reorganization under Chapter 11 of the Bankruptcy Code and pursuant to the Debtors' confirmed plan of reorganization, the Company issued $218,076 in aggregate principal amount of 12% Notes maturing August 28, 2019. Semiannually, at its option, the Company may elect to pay interest on the 12% Notes in cash or as payment in kind ("PIK"). PIK interest is added to principal on the relevant semi-annual interest payment date. Under the Prior Term Facility, the Company agreed to make interest payments on the 12% Notes through PIK for the first three semi-annual interest payment periods following the Effective Date. As a result of the refinancing of the Prior Term Facility, the Company is no longer required to make interest payments as payment in kind after the semi-annual interest payment date of August 28, 2010. All Fiscal 2011 interest payments were made in cash.

The Company may redeem all or a part of the 12% Notes, upon not less than 30 or more than 60 days notice, beginning August 28, 2012 at specified redemption prices. Further, the indenture governing the 12% Notes (the "2019 Indenture") requires the Company to make an offer, in cash, to repurchase all or a portion of the applicable outstanding notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of the Company, as defined in such indenture.

At both September 30, 2011 and September 30, 2010, the Company had outstanding principal of $245,031, respectively, under the 12% Notes, including PIK interest of $26,955 that was added to principal during Fiscal 2010.

The 2019 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 2019 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 on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2019 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 12% Notes. If any other event of default under the 2019 Indenture occurs and is continuing, the trustee for the indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 12% Notes may declare the acceleration of the amounts due under those notes.

In connection with the Merger, the Company obtained the consent of the note holders to certain amendments to the 2019 Indenture (the "Supplemental Indenture"). The Supplemental Indenture became effective upon the closing of the Merger. Among other things, the Supplemental Indenture amended the definition of change in control to exclude the Harbinger Capital Partners Master Fund I, Ltd. ("Harbinger Master Fund"), Harbinger Capital Partners Special Situations Fund, L.P. ("Harbinger Special Fund") and, together with Harbinger Master Fund, the "HCP Funds"), Global Opportunities Breakaway Ltd. (together with the HCP Funds, the "Harbinger Parties"), and their respective affiliates and increased the Company's ability to incur indebtedness up to $1,850,000.

During Fiscal 2010, the Company recorded $2,966 of fees in connection with the consent. The fees are classified as Debt issuance costs within the accompanying Consolidated Statements of Financial Position and are amortized as an adjustment to interest expense over the remaining life of the 12% Notes effective with the closing of the Merger.

ABL Revolving Credit Facility

On April 21, 2011 the Company amended the ABL Revolving Credit Facility. The amended facility carries an interest rate, at the Company's option, which is subject to change based on availability under the facility, of either: (a) the base rate plus currently 1.25% per annum or (b) the reserve-adjusted LIBO rate (the "Eurodollar Rate") plus currently 2.25% per annum. No amortization is required with respect to the ABL Revolving Credit Facility. The ABL Revolving Credit Facility is scheduled to expire on April 21, 2016.

The ABL Revolving Credit Facility is governed by a credit agreement (the "ABL Credit Agreement") with Bank of America as administrative agent (the "Agent"). The ABL Revolving Credit Facility consists of revolving loans (the "Revolving Loans"), with a portion available for letters of credit and a portion available as swing line loans, in each case subject to the terms and limits described therein.

The Revolving Loans may be drawn, repaid and re-borrowed without premium or penalty. The proceeds of borrowings under the ABL Revolving Credit Facility are to be used for costs, expenses and fees in connection with the ABL Revolving Credit Facility, working capital requirements of the Company and its subsidiaries, restructuring costs, and for other general corporate purposes.

The ABL Credit Agreement contains various representations and warranties and covenants, including, without limitation, enhanced collateral reporting, and a maximum fixed charge coverage ratio. The ABL Credit Agreement also provides for customary events of default, including payment defaults and cross-defaults on other material indebtedness.

During Fiscal 2010, the Company recorded $9,839 of fees in connection with the ABL Revolving Credit Facility. During Fiscal 2011, the Company recorded $2,071 of fees in connection with the amendment. The fees are classified as Debt issuance costs within the accompanying Consolidated Statements of Financial Position and are amortized as an adjustment to interest expense over the remaining life of 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 the guarantors, 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 September 30, 2011, the Company had aggregate borrowing availability of approximately $176,612, net of lender reserves of $48,769 and outstanding letters of credit of $32,962.

At September 30, 2010, the Company had aggregate borrowing availability of approximately $225,255, net of lender reserves of $28,972 and outstanding letters of credit of $36,969.

- 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.

+ References+ Details

Derivative Financial Instruments

12 Months Ended

Sep. 30, 2011

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

(7) Derivative Financial Instruments

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

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

The fair value of outstanding derivative contracts recorded as assets in the accompanying Consolidated Statements of Financial Position were as follows:


Asset Derivatives		September 30, 2011		September 30, 2010
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Receivables—Other	$	274	$	2,371
Commodity contracts	Deferred charges and other		—		1,543
Foreign exchange contracts	Receivables—Other		3,189		20
Foreign exchange contracts	Deferred charges and other		—		55

Total asset derivatives designated as hedging instruments under ASC 815		$	3,463	$	3,989

Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Receivables—Other		—		—

Total asset derivatives		$	3,463	$	3,989

The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Consolidated Statements of Financial Position were as follows:


Liability Derivatives		September 30, 2011		September 30, 2010
Derivatives designated as hedging instruments under ASC 815:
Interest rate contracts	Accounts payable	$	1,246	$	3,734
Interest rate contracts	Accrued interest		708		861
Interest rate contracts	Other long term liabilities		—		2,032
Commodity contracts	Accounts payable		1,228		—
Commodity contracts	Other long term liabilities		4		—
Foreign exchange contracts	Accounts payable		2,698		6,544
Foreign exchange contracts	Other long term liabilities		—		1,057

Total liability derivatives designated as hedging instruments under ASC 815		$	5,884	$	14,228

Derivatives not designated as hedging instruments under ASC 815:
Foreign exchange contracts	Accounts payable		10,945		9,698
Foreign exchange contracts	Other long term liabilities		12,036		20,887

Total liability derivatives		$	28,865	$	44,813

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 impact of derivative instruments on the accompanying Consolidated Statements of Operations for Fiscal 2011 (Successor Company):


Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(1,750	)	Cost of goods sold	$	2,617		Cost of goods sold	$	(47	)
Interest rate contracts		(88	)	Interest expense		(3,319	)	Interest expense		(205	)(A)
Foreign exchange contracts		(487	)	Net Sales		(131	)	Net sales		—
Foreign exchange contracts		(4,011	)	Cost of goods sold		(12,384	)	Cost of goods sold		—

Total	$	(6,336	)		$	(13,217	)		$	(252	)

(A)	Reclassified from AOCI associated with the prepayment of portions of the senior credit facility. (See also Note 6, Debt, for a more complete discussion of the Company's refinancing of its senior credit facility.)

The following table summarizes the impact of derivative instruments on the accompanying Consolidated Statements of Operations for Fiscal 2010 (Successor Company):


Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	3,646		Cost of goods sold	$	719		Cost of goods sold	$	(1	)
Interest rate contracts		(13,059	)	Interest expense		(4,439	)	Interest expense		(6,112	)(A)
Foreign exchange contracts		(752	)	Net Sales		(812	)	Net sales		—
Foreign exchange contracts		(4,560	)	Cost of goods sold		2,481		Cost of goods sold		—

Total	$	(14,725	)		$	(2,051	)		$	(6,113	)

(A)	Includes $(4,305) reclassified from AOCI associated with the refinancing of the senior credit facility. (See also Note 6, Debt, for a more complete discussion of the Company's refinancing of its senior credit facility.)

The following table summarizes the impact of derivative instruments on the accompanying Consolidated Statements of Operations for the period from August 31, 2009 through September 30, 2009 (Successor Company):


Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)		Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	530		Cost of goods sold	$	—	Cost of goods sold	$	—
Foreign exchange contracts		(127	)	Net Sales		—	Net sales		—
Foreign exchange contracts		(418	)	Cost of goods sold		—	Cost of goods sold		—

Total	$	(15	)		$	—		$	—

The following table summarizes the impact of derivative instruments designated as cash flow hedges on the accompanying Consolidated Statements of Operations for the period from October 1, 2008 through August 30, 2009 (Predecessor Company):


Derivatives in ASC 815 Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)			Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Commodity contracts	$	(4,512	)	Cost of goods sold	$	(11,288	)	Cost of goods sold	$	851
Interest rate contracts		(8,130	)	Interest expense		(2,096	)	Interest expense		(11,847	)(A)
Foreign exchange contracts		1,357		Net Sales		544		Net sales		—
Foreign exchange contracts		9,251		Cost of goods sold		9,719		Cost of goods sold		—
Commodity contracts		(1,313	)	Discontinued operations		(2,116	)	Discontinued operations		(12,803	)

Total	$	(3,347	)		$	(5,237	)		$	(23,799	)

(A)	Included in this amount is $(6,191), reflected in the Derivatives Not Designated as Hedging Instruments Under ASC 815 table below, as a result of the de-designation of a cash flow hedge as described below.

Other Changes in Fair Value of Derivative Contracts

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

During Fiscal 2011 the Successor Company recognized the following respective gains (losses) on derivative contracts:

During Fiscal 2010 the Successor Company recognized the following respective gains (losses) on derivative contracts:


	Amount of Gain (Loss) Recognized in Income on Derivatives			Location of Gain or (Loss) Recognized in Income on Derivatives
Commodity contracts	$	153		Cost of goods sold
Foreign exchange contracts		(42,039	)	Other expense (income), net

Total	$	(41,886	)

During the period from August 31, 2009 through September 30, 2009 (Successor Company) and the period from October 1, 2008 through August 30, 2009 (Predecessor Company), the Company recognized the following respective gains (losses) on derivative contracts:


Derivatives Not Designated as Hedging Instruments Under ASC 815	Amount of Gain (Loss) Recognized in Income on Derivatives						Location of Gain or (Loss) Recognized in Income on Derivatives
	Successor Company			Predecessor Company
	Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Interest rate contracts(A)	$	—		$	(6,191	)	Interest expense
Foreign exchange contracts		(1,469	)		3,075		Other expense (income), net

Total	$	(1,469	)	$	(3,116	)

(A)	Amount represents portion of certain future payments related to interest rate contracts that were de-designated as cash flow hedges during the pendency of the Bankruptcy Cases.

Credit Risk

The Company is exposed to the risk of default by the counterparties with which it transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. The Company monitors counterparty credit risk on an individual basis by periodically assessing each such counterparty's credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives which are primarily concentrated with a foreign financial institution counterparty. The Company considers these exposures when measuring its credit reserve on its derivative assets, which was $18 and $75, respectively, at September 30, 2011 and September 30, 2010.

The Company's standard contracts do not contain credit risk related contingencies whereby the Company would be required to post additional cash collateral as a result of a credit event. However, as a result of the Company's current credit profile, the Company is typically required to post collateral in the normal course of business to offset its liability positions. At September 30, 2011 and September 30, 2010, the Company had posted cash collateral of $418 and $2,363, respectively, related to such liability positions. In addition, at September 30, 2011 and September 30, 2010, the Company had posted standby letters of credit of $2,000 and $4,000, respectively, related to such liability positions. The cash collateral is included in Receivables—Other within the accompanying Consolidated Statements of Financial Position.

Derivative Financial Instruments

Cash Flow Hedges

The Company uses interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At September 30, 2011, the Company had a portfolio of U.S. dollar-denominated interest rate swaps outstanding which effectively fixes the interest on floating rate debt, exclusive of lender spreads as follows: 2.25% for a notional principal amount of $200,000 through December 2011 and 2.29% for a notional principal amount of $300,000 through January 2012 (the "U.S. dollar swaps"). During Fiscal 2010, in connection with the refinancing of its senior credit facilities, the Company terminated a portfolio of Euro-denominated interest rate swaps at a cash loss of $3,499 which was recognized as an adjustment to interest expense. The derivative net loss on the U.S.

dollar swaps contracts recorded in AOCI by the Company at September 30, 2011 was $545, net of tax benefit of $334. The derivative net loss on the U.S. dollar swaps contracts recorded in AOCI by the Company at September 30, 2010 was $2,675, net of tax benefit of $1,640. The derivative net gain or loss on these contracts recorded in AOCI by the Company at September 30, 2009 was $0. At September 30, 2011, the portion of derivative net losses estimated to be reclassified from AOCI into earnings by the Successor Company over the next 12 months is $545, net of tax.

In connection with the Company's merger with Russell Hobbs and the refinancing of the Company's existing senior credit facilities associated with the closing of the Merger, the Company assessed the prospective effectiveness of its interest rate cash flow hedges during Fiscal 2010. As a result, during Fiscal 2010, the Company ceased hedge accounting and recorded a loss of $1,451 as an adjustment to interest expense for the change in fair value of its U.S. dollar swaps from the date of de-designation until the U.S. dollar swaps were re-designated. The Company also evaluated whether the amounts recorded in AOCI associated with the forecasted U.S. dollar swap transactions were probable of not occurring and determined that occurrence of the transactions was still reasonably possible. Upon the refinancing of the existing senior credit facility associated with the closing of the Merger, the Company re-designated the U.S. dollar swaps as cash flow hedges of certain scheduled interest rate payments on the new $750,000 U.S. Dollar Term Loan expiring June 17, 2016. At September 30, 2011, the Company believes that all forecasted interest rate swap transactions designated as cash flow hedges are probable of occurring.

The Company's interest rate swap derivative financial instruments at September 30, 2011 and September 30, 2010 are summarized as follows:


	2011				2010
	Notional Amount		Remaining Term		Notional Amount		Remaining Term
Interest rate swaps-fixed	$	200,000		.28 years	$	300,000		1.28 years
Interest rate swaps-fixed	$	300,000		.36 years	$	300,000		1.36 years

The Company periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign denominated third party and intercompany sales or payments. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales or 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 September 30, 2011 the Company had a series of foreign exchange derivative contracts outstanding through September 2012 with a contract value of $223,417. At September 30, 2010 the Company had a series of foreign exchange derivative contracts outstanding through June 2012 with a contract value of $299,993. The pretax derivative gain on these contracts recorded in AOCI by the Company at September 30, 2011 was $343, net of tax expense of $148. The derivative net loss on these contracts recorded in AOCI by the Company at September 30, 2010 was $5,322, net of tax benefit of $2,204. At September 30, 2011, the portion of derivative net gains estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $343, net of tax.

The Company is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. The Company hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At September 30, 2011 the Company had a series of such swap contracts outstanding through December 2012 for 9 tons with a contract value of $18,858. At September 30, 2010 the Company had a series of such swap contracts outstanding through September 2012 for 15 tons with a contract value of $28,897. The derivative net loss on these contracts recorded in AOCI by the Company at September 30, 2011 was $599, net of tax benefit of $312. The derivative net gain on these contracts recorded in AOCI by the Company at September 30, 2010 was $2,256, net of tax expense of $1,201. At September 30, 2011, the portion of derivative net losses estimated to be reclassified from AOCI into earnings by the Company over the next 12 months is $597, net of tax.

The Company was also exposed to fluctuating prices of raw materials, specifically urea and di-ammonium phosphates ("DAP"), used in its manufacturing processes in the growing products portion of the Home and Garden Business. During the period from October 1, 2008 through August 30, 2009 (Predecessor Company) $2,116 of pretax derivative losses were recorded as an adjustment to Loss from Discontinued operations, net of tax, for swap or option contracts settled at maturity. The hedges are generally highly effective; however, during the period from October 1, 2008 through August 30, 2009, $12,803 of pretax derivative losses, were recorded as an adjustment to Loss from discontinued operations, net of tax, by the Predecessor Company. The amount recorded during the period from October 1, 2008 through August 30, 2009, was due to the shutdown of the growing products portion of the Home and Garden Business and a determination that the forecasted transactions were probable of not occurring. The Successor Company had no such swap contracts outstanding as of September 30, 2009 and no related gain or loss recorded in AOCI.

Derivative Contracts

The Company periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Euros or Australian Dollars. These foreign exchange contracts are economic hedges of a related liability or asset recorded in the accompanying Consolidated Statements of Financial Position. 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 September 30, 2011 and September 30, 2010 the Company had $265,974 and $333,562, respectively, of such foreign exchange derivative notional value contracts outstanding.

During the period from October 1, 2008 through August 30, 2009, as a result of the Bankruptcy Cases, the Predecessor Company determined that previously designated cash flow hedge relationships associated with interest rate swaps became ineffective as of the Company's Petition Date. Further, the Company's then existing senior secured term credit agreement was amended in connection with the implementation of the Plan, and accordingly the underlying transactions did not occur as originally forecasted. As a result, the Predecessor Company reclassified approximately $6,191 of pretax losses from AOCI as an adjustment to Interest expense during the period from October 1, 2008 through August 30, 2009. As a result, the portion of derivative net losses to be reclassified from AOCI into earnings over the next 12 months was $0. The Predecessor Company's related derivative contracts were terminated during the pendency of the Bankruptcy Cases and settled at a loss on the Effective Date.

- 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.

+ References

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+ Details

Fair Value Of Financial Instruments

12 Months Ended

Sep. 30, 2011

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

(8) Fair Value of Financial Instruments

ASC Topic 820: "Fair Value Measurements and Disclosures," ("ASC 820"), establishes a new framework for measuring fair value and expands related disclosures. Broadly, the ASC 820 framework requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. ASC 820 establishes market or observable inputs as the preferred source of values, followed by assumptions based on hypothetical transactions in the absence of market inputs. The Company utilizes valuation techniques that attempt to maximize the use of observable inputs and minimize the use of unobservable inputs. The determination of the fair values considers various factors, including closing exchange or over-the-counter market pricing quotations, time value and credit quality factors underlying options and contracts. The fair value of certain derivative financial instruments is estimated using pricing models based on contracts with similar terms and risks. Modeling techniques assume market correlation and volatility, such as using prices of one delivery point to calculate the price of the contract's different delivery point. The nominal value of interest rate transactions is discounted using applicable forward interest rate curves. In addition, by applying a credit reserve which is calculated based on credit default swaps or published default probabilities for the actual and potential asset value, the fair value of the Company's derivative financial instrument assets reflects the risk that the counterparties to these contracts may default on the obligations. Likewise, by assessing the requirements of a reserve for non-performance which is calculated based on the probability of default by the Company, the Company adjusts its derivative contract liabilities to reflect the price at which a potential market participant would be willing to assume the Company's liabilities. The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the year.

The valuation techniques required by ASC 820 are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions made by the Company. These two types of inputs create the following fair value hierarchy:


Level 1 -		Unadjusted quoted prices for identical instruments in active markets.

Level 2 -		Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3 -		Significant inputs to the valuation model are unobservable.

The Company maintains policies and procedures to value instruments using the best and most relevant data available. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls must be determined based on the lowest level 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 asset or liability. In addition, the Company has risk management teams that review valuation, including independent price validation for certain instruments. Further, in other instances, the Company retains independent pricing vendors to assist in valuing certain instruments.

The Company's derivatives are valued on a recurring basis using internal models, which are based on market observable inputs including interest rate curves and both forward and spot prices for currencies and commodities.

The Company's net derivative portfolio as of September 30, 2011, contains Level 2 instruments and consists of commodity, interest rate and foreign exchange contracts. The fair values of these instruments as of September 30, 2011 were as follows:


	Level 1		Level 2			Level 3		Total
Total Assets	$	—	$	—		$	—	$	—

Liabilities:
Interest rate contracts	$	—	$	(1,954	)	$	—	$	(1,954	)
Commodity contracts	$	—	$	(958	)	$	—	$	(958	)
Foreign exchange contracts, net		—		(22,489	)	$	—		(22,489	)

Total Liabilities	$	—	$	(25,401	)	$	—	$	(25,401	)

The Company's net derivative portfolio as of September 30, 2010, contains Level 2 instruments and consists of commodity, interest rate and foreign exchange contracts. The fair values of these instruments as of September 30, 2010 were as follows:


	Level 1		Level 2			Level 3		Total
Assets:
Commodity contracts	$	—	$	3,914		$	—	$	3,914

Total Assets	$	—	$	3,914		$	—	$	3,914

Liabilities:
Interest rate contracts	$	—	$	(6,627	)	$	—	$	(6,627	)
Foreign exchange contracts, net		—		(38,111	)	$	—		(38,111	)

Total Liabilities	$	—	$	(44,738	)	$	—	$	(44,738	)

The carrying values of cash and cash equivalents, accounts and notes receivable, accounts payable and short-term debt approximate fair value. The fair values of long-term debt and derivative financial instruments are generally based on quoted or observed market prices.

The carrying values of goodwill, intangible assets and other long-lived assets are tested annually, or more frequently if a triggering event occurs that indicates an impairment loss may have been incurred using fair value measurements with unobservable inputs (Level 3). The Company recorded impairment charges related to intangible assets during Fiscal 2011. (See also Note 2(i), Significant Accounting Policies—Intangible Assets, for further details on impairment testing.)

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


	September 30, 2011						September 30, 2010
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Total debt	$	(1,576,612	)	$	(1,660,528	)	$	(1,743,767	)	$	(1,868,754	)
Interest rate swap agreements		(1,954	)		(1,954	)		(6,627	)		(6,627	)
Commodity swap and option agreements		(958	)		(958	)		3,914			3,914
Foreign exchange forward agreements		(22,489	)		(22,489	)		(38,111	)		(38,111	)

- Definition

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.

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+ Details

Income Taxes

12 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

(9) Income Taxes

Income tax expense was calculated based upon the following components of income (loss) from continuing operations before income tax:


	Successor Company									Predecessor Company
	2011			2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Pretax income (loss):
United States	$	(119,439	)	$	(229,910	)	$	(28,043	)	$	936,379
Outside the United States		137,108			106,079			8,043			186,975

Total pretax income (loss)	$	17,669		$	(123,831	)	$	(20,000	)	$	1,123,354

The components of income tax expense are as follows:


	Successor Company								Predecessor Company
	2011		2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Current:
Foreign		32,649		44,481		$	3,111		$	24,159
State		2,332		2,907			282			(364	)

Total current		34,981		47,388			3,393			23,795
Deferred:
Federal		20,247		22,119			49,790			(1,599	)
Foreign		28,054		(6,514	)		(1,266	)		1,581
State		9,013		196			(724	)		(1,166	)

Total deferred		57,314		15,801			47,800			(1,184	)

Income tax expense	$	92,295	$	63,189		$	51,193		$	22,611

The following reconciles the Federal statutory income tax rate with the Company's effective tax rate:


	Successor Company									Predecessor Company
	2011			2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%		35.0	%
Permanent items		60.0			(2.1	)		5.9			1.0
Foreign statutory rate vs. U.S. statutory rate		(80.6	)		8.1			3.6			(0.8	)
State income taxes, net of federal benefit		7.0			4.0			3.9			(0.6	)
Fresh-start reporting valuation adjustment(A)		—			—			—			(33.9	)
Gain on settlement of liabilities subject to compromise		—			—			—			4.5
Professional fees incurred in connection with Bankruptcy Filing		—			—			—			1.4
Residual tax on foreign earnings		81.3			(7.5	)		(284.7	)		—
Valuation allowance		413.8			(73.3	)		(7.4	)		(4.6	)
Reorganization items		—			(6.1	)		—			—
Unrecognized tax benefits		(15.8	)		(2.6	)		(9.3	)		—
Inflationary adjustments		(8.3	)		(2.8	)		(1.1	)		—
Correction of immaterial prior period error		27.6			(4.8	)		—			—
Other		2.4			1.1			(1.9	)		—

		522.4	%		(51.0	)%		(256.0	)%		2.0	%

(A)	Includes the adjustment to the valuation allowance resulting from fresh-start reporting.

The tax effects of temporary differences, which give rise to significant portions of the deferred tax assets and deferred tax liabilities, are as follows:


	Successor Company
	September 30,
	2011			2010
Current deferred tax assets:
Employee benefits	$	14,188		$	21,770
Restructuring		10,682			6,486
Inventories and receivables		21,521			13,484
Marketing and promotional accruals		8,911			5,783
Other		14,742			22,712
Valuation allowance		(28,772	)		(28,668	)

Total current deferred tax assets		41,272			41,567
Current deferred tax liabilities:
Inventories and receivables		(5,015	)		(1,947	)
Other		(8,087	)		(3,885	)

Total current deferred tax liabilities		(13,102	)		(5,832	)

Net current deferred tax assets	$	28,170		$	35,735

Noncurrent deferred tax assets:
Employee benefits	$	29,983		$	17,599
Restructuring and purchase accounting		2,269			20,541
Marketing and promotional accruals		587			1,311
Net operating loss and credit carry forwards		525,318			513,779
Prepaid royalty		7,346			9,708
Property, plant and equipment		5,240			3,207
Unrealized losses		9,000			4,202
Other		32,507			14,335
Valuation allowance		(344,851	)		(302,268	)

Total noncurrent deferred tax assets		267,399			282,414
Noncurrent deferred tax liabilities:
Property, plant, and equipment		(16,593	)		(13,862	)
Unrealized gains		(11,619	)		—
Intangibles		(571,454	)		(544,478	)
Other		(5,069	)		(1,917	)

Total noncurrent deferred tax liabilities		(604,735	)		(560,257	)

Net noncurrent deferred tax liabilities	$	(337,336	)	$	(277,843	)

Net current and noncurrent deferred tax liabilities	$	(309,166	)	$	(242,108	)

During Fiscal 2011, the Company recorded residual U.S. and foreign taxes on approximately $39,391 of distributions of foreign earnings resulting in an increase in tax expense of approximately $771. The distributions were primarily non-cash deemed distributions under U.S. tax law. During Fiscal 2010, the Company recorded residual U.S. and foreign taxes on approximately $26,600 of distributions of foreign earnings resulting in an increase in tax expense of approximately $9,312. The distributions were primarily non-cash deemed distributions under U.S. tax law. During the period from August 31, 2009 through September 30, 2009, the Successor Company recorded residual U.S. and foreign taxes on approximately $165,937 of actual and deemed distributions of foreign earnings resulting in an increase in tax expense of approximately $58,295. The Company made these distributions, which were primarily non-cash, to reduce the U.S. tax loss for Fiscal 2009 as a result of Section 382 considerations. Remaining undistributed earnings of the Company's foreign operations amounting to approximately $451,796 and $302,447 at September 30, 2011 and September 30, 2010, respectively, are intended to remain permanently invested. Accordingly, no residual income taxes have been provided on those earnings at September 30, 2011 and September 30, 2010. If at some future date these earnings cease to be permanently invested, the Company may be subject to U.S. income taxes and foreign withholding and other taxes on such amounts, which cannot be reasonably estimated at this time. In light of the Company's plans to voluntarily pay down its U.S. debt, repurchase shares, fund U.S. acquisitions and the Company's ongoing U.S. operational cash flow requirements, the Company does not intend to treat future earnings of its non-U.S. subsidiaries (i.e. earnings beginning in Fiscal 2012 and forward) as permanently reinvested, except for locations precluded by local legal restrictions from repatriating earnings.

The Company, as of September 30, 2011, has U.S. federal and state net operating loss carryforwards of approximately $1,162,812 and $1,197,167, respectively. These net operating loss carryforwards expire through years ending in 2032. The Company has foreign loss carryforwards of approximately $140,062 which will expire beginning in 2012. Certain of the foreign net operating losses have indefinite carryforward periods. The Company is subject to an annual limitation on the use of its net operating losses that arose prior to its emergence from bankruptcy. The Company has had multiple changes of ownership, as defined under IRC Section 382, that subject the Company's U.S. federal and state net operating losses and other tax attributes to certain limitations. The annual limitation is based on a number of factors including the value of the Company's stock (as defined for tax purposes) on the date of the ownership change, its net unrealized built in gain position on that date, the occurrence of realized built in gains in years subsequent to the ownership change, and the effects of subsequent ownership changes (as defined for tax purposes) if any. Due to these limitations, the Company estimates that $302,465 of the total U.S. federal and $385,159 of the state net operating loss would expire unused if the Company generates sufficient income to otherwise use all its NOLs. In addition, separate return year limitations apply to limit the Company's utilization of the acquired Russell Hobbs U.S. federal and state net operating losses to future income of the Russell Hobbs subgroup. The Company also projects that $35,354 of the total foreign loss carryforwards will expire unused. The Company has provided a full valuation allowance against these deferred tax assets.

The Predecessor Company recognized income tax expense of approximately $124,054 related to the gain on the settlement of liabilities subject to compromise and the modification of the senior secured credit facility in the period from October 1, 2008 through August 30, 2009. The Company, has, in accordance with IRC Section 108, reduced its net operating loss carryforwards for cancellation of debt income that arose from its emergence from Chapter 11 of the Bankruptcy Code, under IRC Section 382(1)(6).

A valuation allowance is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets depends on the ability of the Company to generate sufficient taxable income of the appropriate character in the future and in the appropriate taxing jurisdictions. As of September 30, 2011 and September 30, 2010, the Company's valuation allowance, established for the tax benefit that may not be realized, totaled approximately $373,622 and $330,936, respectively. As of September 30, 2011 and September 30, 2010, approximately $338,268 and $299,524, respectively, related to U.S. net deferred tax assets, and approximately $35,354 and $31,412, respectively, related to foreign net deferred tax assets. The increase in the valuation allowance for deferred tax assets during Fiscal 2011 totaled approximately $42,686, of which approximately $38,744 related to an increase in the valuation allowance against U.S. net deferred tax assets, and approximately $3,942 related to an increase in the valuation allowance against foreign net deferred tax assets. During Fiscal 2011, the Company determined that a valuation allowance is required against deferred tax assets related to net operating losses in Brazil, and thus recorded a $25,877 charge to increase the valuation allowance. The Company also removed net operating losses and the corresponding valuation allowances in those reorganizations where the net operating losses could not be carried over to a new entity.

The total amount of unrecognized tax benefits on the Successor Company's Consolidated Statements of Financial Position at September 30, 2011 and September 30, 2010 are $9,013 and $12,808, respectively. If recognized in the future, the entire amount of unrecognized tax benefits will affect the effective tax rate. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The Successor Company as of September 30, 2011 and September 30, 2010 had approximately $4,682 and $5,860, respectively, of accrued interest and penalties related to uncertain tax positions. The impact related to interest and penalties on the Consolidated Statement of Operations for Fiscal 2011 was a net decrease to income tax expense of $(1,422). The impact related to interest and penalties on the Consolidated Statement of Operations for Fiscal 2010 was a net increase to income tax expense of $1,527. The impact related to interest and penalties on the Consolidated Statements of Operations for the period from October 1, 2008 through August 30, 2009 (Predecessor Company) and the period from August 31, 2009 through September 30, 2009 (Successor Company) was not material. In connection with the Merger, the Company recorded additional unrecognized tax benefits of approximately $3,299 as part of purchase accounting.

As of September 30, 2011, certain of the Company's legal entities are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized.

The following table summarizes the changes to the amount of unrecognized tax benefits of Company for Fiscal 2011, Fiscal 2010, and Fiscal 2009:


Unrecognized tax benefits at September 30, 2008 (Predecessor Company)	$	6,755
Gross increase – tax positions in prior period		26
Gross decrease – tax positions in prior period		(11	)
Gross increase – tax positions in current period		1,673
Lapse of statutes of limitations		(807	)

Unrecognized tax benefits at August 30, 2009 (Predecessor Company)	$	7,636
Gross decrease – tax positions in prior period		(15	)
Gross increase – tax positions in current period		174
Lapse of statutes of limitations		(30	)

Unrecognized tax benefits at September 30, 2009 (Successor Company)	$	7,765
Russell Hobbs acquired unrecognized tax benefits		3,251
Gross decrease – tax positions in prior period		(904	)
Gross increase – tax positions in current period		3,390
Lapse of statutes of limitations		(694	)

Unrecognized tax benefits at September 30, 2010 (Successor Company)	$	12,808
Gross increase – tax positions in prior period		1,658
Gross decrease – tax positions in prior period		(823	)
Gross increase – tax positions in current period		596
Settlements		(1,850	)
Lapse of statutes of limitations		(3,376	)

Unrecognized tax benefits at September 30, 2011 (Successor Company)	$	9,013

The Company files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions and is subject to ongoing examination by the various taxing authorities. The Company's major taxing jurisdictions are the U.S., United Kingdom, and Germany. In the U.S., federal tax filings for years prior to and including the Company's fiscal year ended September 30, 2007 are closed. However, the federal net operating loss carryforwards from the Company's fiscal years ended September 30, 2007 and prior are subject to Internal Revenue Service ("IRS") examination until the year that such net operating loss carryforwards are utilized and those years are closed for audit. The Company's fiscal years ended September 30, 2008, 2009, 2010 and 2011 remain open to examination by the IRS. Filings in various U.S. state and local jurisdictions are also subject to audit and to date no significant audit matters have arisen.

In the U.S., federal tax filings for years prior to and including Russell Hobbs year ended June 30, 2008 are closed. However, the federal net operating loss carryforwards for Russell Hobbs fiscal years ended June 30, 2008 and prior are subject to examination by the IRS until the year that such net operating losses are utilized and those years are closed for audit.

During Fiscal 2011 we recorded the correction of an immaterial prior period error in our consolidated financial statements related to the effective state income tax rates for the U.S. subsidiaries. During Fiscal 2010 we recorded the correction of an immaterial prior period error in our consolidated financial statements related to deferred taxes in certain foreign jurisdictions. We believe the correction of these errors to be both quantitatively and qualitatively immaterial to our annual results for Fiscal 2011, Fiscal 2010 or to any of our previously issued financial statements. The impact of the corrections were an increase to income tax expense and an increase to deferred tax liabilities in Fiscal 2011 of approximately $4,873 and an increase to income tax expense and a decrease to deferred tax assets in Fiscal 2010 of approximately $5,900.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

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-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

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+ Details

Employee Benefit Plans

12 Months Ended

Sep. 30, 2011

Employee Benefit Plans [Abstract]

Employee Benefit Plans

(10) Employee Benefit Plans

Pension Benefits

The Company has various defined benefit pension plans covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom and Germany. Plans generally provide benefits of stated amounts for each year of service. The Company 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 the Company's funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries.

The Company 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. The Company also has various nonqualified deferred compensation agreements with certain of its employees. Under certain of these agreements, the Company 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 the Company will fund these agreements. Under the remaining agreements, the Company 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.

Other Benefits

Under the Rayovac postretirement plan, the Company provides certain health care and life insurance benefits to eligible retired employees. Participants earn retiree health care benefits after reaching age 45 over the next 10 succeeding years of service, and remain eligible until reaching age 65. The plan is contributory; retiree contributions have been established as a flat dollar amount with contribution rates expected to increase at the active medical trend rate. The plan is unfunded. The Company is amortizing the transition obligation over a 20-year period.

Under the Tetra U.S. postretirement plan, the Company provides postretirement medical benefits to full-time employees who meet minimum age and service requirements. The plan is contributory with retiree contributions adjusted annually, and contains other cost-sharing features such as deductibles, coinsurance and copayments.

The following tables provide additional information on the Company's pension and other postretirement benefit plans:


	Pension and Deferred Compensation Benefits						Other Benefits
	2011			2010			2011			2010
Change in benefit obligation
Benefit obligation, beginning of year	$	214,977		$	132,752		$	527		$	476
Obligations assumed from Merger with Russell Hobbs		—			54,468			—			—
Service cost		2,543			2,479			11			9
Interest cost		10,380			8,239			27			26
Actuarial (gain) loss		(9,027	)		25,140			(21	)		25
Participant contributions		189			495			—			—
Benefits paid		(8,685	)		(6,526	)		(2	)		(9	)
Foreign currency exchange rate changes		(905	)		(2,070	)		—			—

Benefit obligation, end of year	$	209,472		$	214,977		$	542		$	527

Change in plan assets
Fair value of plan assets, beginning of year	$	125,566		$	78,345		$	—		$	—
Assets acquired from Merger with Russell Hobbs		—			38,458			—			—
Actual return on plan assets		(100	)		7,613			—			—
Employer contributions		12,854			6,234			2			9
Employee contributions		1,821			2,127			—			—
Benefits paid		(8,685	)		(6,526	)		(2	)		(9	)
Plan expenses paid		(226	)		(237	)		—			—
Foreign currency exchange rate changes		(589	)		(448	)		—			—

Fair value of plan assets, end of year	$	130,641		$	125,566		$	—		$	—

Accrued Benefit Cost	$	(78,831	)	$	(89,411	)	$	(542	)	$	(527	)

Weighted-average assumptions:
Discount rate		4.2%-13.6%			4.2%-13.6%			5.0%			5.0%
Expected return on plan assets		3.0%-7.8%			4.5%-8.8%			N/A			N/A
Rate of compensation increase		0%-5.5%			0%-5.5%			N/A			N/A

The net underfunded status as of September 30, 2011 and September 30, 2010 of $78,831 and $89,411, respectively, is recognized in the accompanying Consolidated Statements of Financial Position within Employee benefit obligations, net of current portion. Included in the Company's AOCI as of September 30, 2011 and September 30, 2010 are unrecognized net losses of $21,496, net of tax benefit of $11,460 and $17,197, net of tax benefit of $5,894, respectively, which have not yet been recognized as components of net periodic pension cost. The net loss in AOCI expected to be recognized during Fiscal 2012 is $693.

At September 30, 2011, the Company's total pension and deferred compensation benefit obligation of $209,472 consisted of $67,611 associated with U.S. plans and $141,861 associated with international plans. The fair value of the Company's assets of $130,641 consisted of $43,582 associated with U.S. plans and $87,059 associated with international plans. The weighted average discount rate used for the Company's domestic plans was approximately 5.0% and approximately 4.9% for its international plans. The weighted average expected return on plan assets used for the Company's domestic plans was approximately 7.6% and approximately 5.4% for its international plans.

At September 30, 2010, the Company's total pension and deferred compensation benefit obligation of $214,977 consisted of $62,126 associated with U.S. plans and $152,851 associated with international plans. The fair value of the Company's assets of $125,566 consisted of $44,284 associated with U.S. plans and $81,282 associated with international plans. The weighted average discount rate used for the Company's domestic plans was approximately 5% and approximately 4.8% for its international plans. The weighted average expected return on plan assets used for the Company's domestic plans was approximately 7.5% and approximately 5.4% for its international plans.


	Pension and Deferred Compensation Benefits												Other Benefits
	Successor Company									Predecessor Company			Successor Company							Predecessor Company
	2011			2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009			2011	2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Components of net periodic benefit cost
Service cost	$	2,543		$	2,479		$	211		$	2,068		$11	$	9		$	1		$	8
Interest cost		10,380			8,239			612			6,517		27		26			2			24
Expected return on assets		(7,829	)		(5,774	)		(417	)		(4,253	)	—		—			—			—
Amortization of prior service cost		—			535			—			202		—		—			—			—
Amortization of transition obligation		—			207			—			—		—		—			—			—
Curtailment loss		—			—			—			300		—		—			—			—
Recognized net actuarial (gain) loss		8			613			—			37		(52)		(58	)		(5	)		(53	)

Net periodic cost (benefit)	$	5,102		$	6,299		$	406		$	4,871		$(14)	$	(23	)	$	(2	)	$	(21	)

The discount rate is used to calculate the projected benefit obligation. The discount rate used is based on the rate of return on government bonds as well as current market conditions of the respective countries where such plans are established.

Below is a summary allocation of all pension plan assets as of the measurement date.


	Weighted Average Allocation
	Target			Actual
Asset Category	2011			2011			2010
Equity Securities		0-60	%		46	%		43	%
Fixed Income Securities		0-40	%		21	%		22	%
Other		0-100	%		33	%		35	%

Total		100	%		100	%		100	%

The weighted average expected long-term rate of return on total assets is 6.2%.

The Company has established formal investment policies for the assets associated with these plans. Policy objectives include maximizing long-term return at acceptable risk levels, diversifying among asset classes, if appropriate, and among investment managers, as well as establishing relevant risk parameters within each asset class. Specific asset class targets are based on the results of periodic asset liability studies. The investment policies permit variances from the targets within certain parameters. The weighted average expected long-term rate of return is based on a Fiscal 2011 review of such rates. The plan assets currently do not include holdings of SB Holdings common stock.

The Company's Fixed Income Securities portfolio is invested primarily in commingled funds and managed for overall return expectations rather than matching duration against plan liabilities; therefore, debt maturities are not significant to the plan performance.

The Company's Other portfolio consists of all pension assets, primarily insurance contracts, in the United Kingdom, Germany and the Netherlands.

The Company's expected future pension benefit payments for Fiscal 2012 through its fiscal year 2021 are as follows:


2012	$	7,464
2013		7,763
2014		8,016
2015		8,415
2016		9,036
2017 to 2021		52,300

The following table sets forth the fair value of the Company's pension plan assets as of September 30, 2011 segregated by level within the fair value hierarchy (See Note 8, Fair Value of Financial Instruments, for discussion of the fair value hierarchy and fair value principles):


	Level 1		Level 2		Level 3		Total
U.S. Defined Benefit Plan Assets:
Common collective trust—equity	$	16,516	$	13,019	$	—	$	29,535
Common collective trust—fixed income		—		14,046		—		14,046

Total U.S. Defined Benefit Plan Assets	$	16,516	$	27,065	$	—	$	43,581

International Defined Benefit Plan Assets:
Common collective trust—equity	$	—	$	29,532	$	—	$	29,532
Common collective trust—fixed income		—		11,467		—		11,467
Insurance contracts—general fund		—		37,987		—		37,987
Other		—		8,073		—		8,073

Total International Defined Benefit Plan Assets	$	—	$	87,059	$	—	$	87,059

The Company sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. The Company also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. Successor Company contributions charged to operations, including discretionary amounts, for Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009 were $4,999, $3,464 and $44, respectively. Predecessor Company contributions charged to operations, including discretionary amounts, for the period from October 1, 2008 through August 30, 2009 were $2,623.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Implementation Guide (Q and A)

-Number FAS88

-Paragraph 63

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

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-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

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+ Details

Segment Information

12 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

(11) Segment Information

Effective October 1, 2010, the Company began managing its business in three vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; and (iii) the Home and Garden Business. (See Note 1, Description of Business, for additional information regarding the Company's realignment of its reporting segments.)

On June 16, 2010, the Company completed the Merger with Russell Hobbs. The results of Russell Hobbs operations since June 16, 2010 are in included in the Company's Consolidated Statements of Operations.

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

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

The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, impairment charges, reorganization items expense, net, interest expense, interest income and income tax expense. In connection with the realignment of reportable segments discussed above, as of October 1, 2010 expenses associated with certain general and administrative functions necessary to reflect the operating segments on a standalone basis have been excluded in the determination of reportable segment profits. These expenses were previously reflected in operating segment profits. Accordingly, corporate expenses primarily include general and administrative expenses and the costs of global long-term incentive compensation plans which are evaluated on a consolidated basis and not allocated to the Company's operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are identified to operating segments or corporate expense according to the function of each cost center.

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

Segment information for the Successor Company for Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009 and the Predecessor Company for the period from October 1, 2008 through August 30, is as follows:

Net sales to external customers


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Global Batteries & Appliances	$	2,254,153	$	1,658,123	$	146,139	$	1,188,902
Global Pet Supplies		578,905		566,335		56,270		517,601
Home and Garden Business		353,858		342,553		17,479		304,145

Total segments	$	3,186,916	$	2,567,011	$	219,888	$	2,010,648

Depreciation and amortization


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Global Batteries & Appliances	$	68,084	$	57,557	$	4,728	$	21,933
Global Pet Supplies		24,274		28,538		2,580		19,832
Home and Garden Business		12,375		14,418		1,320		11,073

Total segments		104,733		100,513		8,628		52,838
Corporate		29,996		16,803		43		5,642

Total Depreciation and amortization	$	134,729	$	117,316	$	8,671	$	58,480

Segment profit


	Successor Company								Predecessor Company
	2011		2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Global Batteries & Appliances	$	238,864	$	171,298		$	6,242		$	165,633
Global Pet Supplies		75,564		57,675			3,269			62,365
Home and Garden Business		65,180		51,192			(4,573	)		46,458

Total segments		379,608		280,165			4,938			274,456
Corporate expenses		53,259		48,465			3,100			39,180
Acquisition and integration related charges		36,603		38,452			—			—
Restructuring and related charges		28,644		24,118			1,729			44,080
Intangible asset impairment		32,450		—			—			34,391
Interest expense		208,492		277,015			16,962			172,940
Other expense (income), net		2,491		12,300			(815	)		3,320

Income (loss) from continuing operations before reorganization items income taxes	$	17,669	$	(120,185	)	$	(16,038	)	$	(19,455	)

The Global Batteries & Appliances segment does business in Venezuela through a Venezuelan subsidiary. At January 4, 2010, the beginning of the Company's second quarter of Fiscal 2010, the Company determined that Venezuela met the definition of a highly inflationary economy under GAAP. As a result, beginning January 4, 2010, the U.S. dollar is the functional currency for the Company's Venezuelan subsidiary. Accordingly, going forward, currency remeasurement adjustments for this subsidiary's financial statements and other transactional foreign exchange gains and losses are reflected in earnings. Through January 3, 2010, prior to being designated as highly inflationary, translation adjustments related to the Venezuelan subsidiary were reflected in Shareholders' equity as a component of AOCI.

In addition, on January 8, 2010, the Venezuelan government announced its intention to devalue its currency, the Bolivar fuerte, relative to the U.S. dollar. As a result, the Company remeasured the local statement of financial position of its Venezuela entity during the second quarter of Fiscal 2010 to reflect the impact of the devaluation to the official exchange rate of 4.3 Bolivar fuerte per U.S. dollar. Based on actual exchange activity as of September 30, 2010, the Company determined that the most likely method of exchanging its Bolivar fuertes for U.S. dollars would be to formally apply with the Venezuelan government to exchange through commercial banks at the SITME rate specified by the Central Bank of Venezuela. The SITME rate as of September 30, 2010 was quoted at 5.3 Bolivar fuerte per U.S. dollar. Therefore, the Company changed the rate used to remeasure Bolivar fuerte denominated transactions as of September 30, 2010 from the official exchange rate to the 5.3 SITME rate in accordance with ASC Topic 830: "Foreign Currency Matters" ("ASC 830) as it was the expected rate at which exchanges of Bolivar fuerte to U.S. dollars would be settled.

The designation of the Company's Venezuela entity as a highly inflationary economy and the devaluation of the Bolivar fuerte resulted in a $1,486 reduction to the Company's operating income during Fiscal 2010. The Company also reported a foreign exchange loss in Other expense (income), net, of $10,102 during Fiscal 2010 related to Bolivar fuerte denominated transactions.

As of September 30, 2011, the Company is no longer exchanging its Bolivar Fuertes for U.S. dollars through the SITME mechanism and the SITME is no longer the most likely method of exchanging its Bolivar fuertes for U.S. dollars. Therefore, the Company changed the rate used to remeasure Bolivar fuerte denominated transactions as of September 30, 2011 from the 5.3 SITME rate to the 4.3 official exchange rate in accordance with ASC 830 as it is the expected rate at which exchanges of Bolivar fuerte to U.S. dollars will be settled. The Company reported a foreign exchange gain in Other expense (income), net, of $(1,293) during Fiscal 2011 related to the change to the official exchange rate.

Segment total assets


	September 30,
	2011		2010
Global Batteries & Appliances	$	2,275,076	$	2,477,091
Global Pet Supplies		828,202		839,191
Home and Garden Business		476,381		496,143

Total segments		3,579,659		3,812,425
Corporate		42,604		61,282

Total assets at year end	$	3,622,263	$	3,873,707

Segment long-lived assets (A)


	September 30,
	2011		2010
Global Batteries & Appliances	$	1,468,617	$	1,538,511
Global Pet Supplies		647,953		654,743
Home and Garden Business		417,078		424,523

Total segments		2,533,648		2,617,777
Corporate		44,770		56,115

Long-lived assets at year end	$	2,578,418	$	2,673,892

(A)	Includes all of the Company's non-current assets.

Capital expenditures


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Global Batteries & Appliances	$	25,471	$	28,496	$	2,311	$	6,642
Global Pet Supplies		7,059		7,920		288		1,260
Home and Garden Business		3,630		3,890		119		164

Total segments		36,160		40,306		2,718		8,066
Corporate		—		10		—		—

Total Capital expenditures	$	36,160	$	40,316	$	2,718	$	8,066

Geographic Disclosures—Net sales to external customers


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
United States	$	1,780,127	$	1,444,779	$	113,407	$	1,166,920
Outside the United States		1,406,789		1,122,232		106,481		843,728

Total net sales to external customers	$	3,186,916	$	2,567,011	$	219,888	$	2,010,648

Geographic Disclosures—Long-lived assets (A)


	September 30,
	2011		2010
United States	$	1,843,869	$	1,884,995
Outside the United States		734,549		788,897

Long-lived assets at year end	$	2,578,418	$	2,673,892

(A)	Includes all of the Company's non-current assets.

- 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.

+ References

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-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Commitments And Contingencies

12 Months Ended

Sep. 30, 2011

Commitments And Contingencies [Abstract]

Commitments And Contingencies

(12) Commitments and Contingencies

The Company has provided for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability in excess of the amounts provided of approximately $7,302, which may result from resolution of these matters, will not have a material adverse effect on the financial condition, results of operations or cash flows of the Company.

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

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

The Company's minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease. Future minimum rental commitments under non-cancelable operating leases, principally pertaining to land, buildings and equipment, are as follows:


2012	$	30,859
2013		24,262
2014		18,337
2015		12,180
2016		10,625
Thereafter		27,878

Total minimum lease payments	$	124,141

All of the leases expire between October 2011 through January 2030. Successor Company's total rent expense was $40,298, $30,218 and $2,351 during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. Predecessor Company's total rent expense was $22,132 for the period from October 1, 2008 through August 30, 2009.

Related Party Transactions

12 Months Ended

Sep. 30, 2011

Related Party Transactions

(13) Related Party Transactions

Merger Agreement and Exchange Agreement

On June 16, 2010 (the "Closing Date"), SB Holdings completed the Merger pursuant to the Agreement and Plan of Merger, dated as of February 9, 2010, as amended on March 1, 2010, March 26, 2010 and April 30, 2010, by and among SB Holdings, Russell Hobbs, Spectrum Brands, Battery Merger Corp., and Grill Merger Corp. (the "Merger Agreement"). As a result of the Merger, each of Spectrum Brands and Russell Hobbs became a wholly-owned subsidiary of SB Holdings. At the effective time of the Merger, (i) the outstanding shares of Spectrum Brands common stock were canceled and converted into the right to receive shares of SB Holdings common stock, and (ii) the outstanding shares of Russell Hobbs common stock and preferred stock were canceled and converted into the right to receive shares of SB Holdings common stock.

Pursuant to the terms of the Merger Agreement, on February 9, 2010, Spectrum Brands entered into support agreements with the Harbinger Parties and Avenue International Master, L.P. and certain of its affiliates (the "Avenue Parties"), in which the Harbinger Parties and the Avenue Parties agreed to vote their shares of Spectrum Brands common stock acquired before the date of the Merger Agreement in favor of the Merger and against any alternative proposal that would impede the Merger.

Immediately following the consummation of the Merger, the Harbinger Parties owned approximately 64% of the outstanding SB Holdings common stock and the stockholders of Spectrum Brands (other than the Harbinger Parties) owned approximately 36% of the outstanding SB Holdings common stock.

On January 7, 2011, the Harbinger Parties contributed 27,757 shares of SB Holdings common stock to Harbinger Group Inc. ("HRG") and received in exchange for such shares an aggregate of 119,910 shares of HRG common stock (such transaction, the "Share Exchange"), pursuant to a Contribution and Exchange Agreement (the "Exchange Agreement"). Immediately following the Share Exchange, (i) HRG owned approximately 54.4% of the outstanding shares of SB Holding's common stock and the Harbinger Parties owned approximately 12.7% of the outstanding shares of SB Holdings common stock, and (ii) the Harbinger Parties owned 129,860 shares of HRG common stock, or approximately 93.3% of the outstanding HRG common stock.

On June 28, 2011 the Company filed a Form S-3 registration statement with the SEC under which 1,150 shares of its common stock and 6,320 shares of the Company's common stock held by Harbinger Capital Partners Master Fund I, Ltd. were offered to the public.

In connection with the Merger, the Harbinger Parties and SB Holdings entered into a stockholder agreement, dated February 9, 2010 (the "Stockholder Agreement"), which provides for certain protective provisions in favor of minority stockholders and provides certain rights and imposes certain obligations on the Harbinger Parties, including:

•

for so long as the Harbinger Parties and their affiliates beneficially own 40% or more of the outstanding voting securities of SB Holdings, the Harbinger Parties and the Company will cooperate to ensure, to the greatest extent possible, the continuation of the structure of the SB Holdings board of directors as described in the Stockholder Agreement;

•

the Harbinger Parties will not effect any transfer of equity securities of SB Holdings to any person that would result in such person and its affiliates owning 40% or more of the outstanding voting securities of SB Holdings, unless specified conditions are met; and

•

the Harbinger Parties will be granted certain access and informational rights with respect to SB Holdings and its subsidiaries.

Pursuant to a joinder to the Stockholder Agreement entered into by the Harbinger Parties and HRG, upon consummation of the Share Exchange, HRG became a party to the Stockholder Agreement, and is subject to all of the covenants, terms and conditions of the Stockholder Agreement to the same extent as the Harbinger Parties were bound thereunder prior to giving effect to the Share Exchange.

Certain provisions of the Stockholder Agreement terminate on the date on which the Harbinger Parties or HRG no longer constitutes a Significant Stockholder (as defined in the Stockholder Agreement). The Stockholder Agreement terminates when any person (including the Harbinger Parties or HRG) acquires 90% or more of the outstanding voting securities of SB Holdings.

Also in connection with the Merger, the Harbinger Parties and SB Holdings entered into a registration rights agreement, dated as of February 9, 2010 (the "SB Holdings Registration Rights Agreement"), pursuant to which the Harbinger Parties have, among other things and subject to the terms and conditions set forth therein, certain demand and so-called "piggy back" registration rights with respect to their shares of SB Holdings common stock. On September 10, 2010, the Harbinger Parties and HRG entered into a joinder to the SB Holdings Registration Rights Agreement, pursuant to which, effective upon the consummation of the Share Exchange, HRG will become a party to the SB Holdings Registration Rights Agreement, entitled to the rights and subject to the obligations of a holder thereunder.

Other Agreements

On August 28, 2009, in connection with Spectrum Brands' emergence from Chapter 11 reorganization proceedings, Spectrum Brands entered into a registration rights agreement with the Harbinger Parties, the Avenue Parties and D.E. Shaw Laminar Portfolios, L.L.C. ("D.E. Shaw"), pursuant to which the Harbinger Parties, the Avenue Parties and D.E. Shaw have, among other things and subject to the terms and conditions set forth therein, certain demand and so-called "piggy back" registration rights with respect to their holdings of Spectrum Brands' 12% Notes.

In connection with the Merger, Russell Hobbs and Harbinger Master Fund entered into an indemnification agreement, dated as of February 9, 2010 (the "Indemnification Agreement"), by which Harbinger Master Fund agreed, among other things and subject to the terms and conditions set forth therein, to guarantee the obligations of Russell Hobbs to pay (i) a reverse termination fee to Spectrum Brands under the merger agreement and (ii) monetary damages awarded to Spectrum Brands in connection with any willful and material breach by Russell Hobbs of the Merger Agreement. The maximum amount payable by Harbinger Master Fund under the Indemnification Agreement was $50,000 less any amounts paid by Russell Hobbs or the Harbinger Parties, or any of their respective affiliates as damages under any documents related to the Merger. No such amounts became due under the Indemnification Agreement. Harbinger Master Fund also agreed to indemnify Russell Hobbs, SB Holdings and their subsidiaries for out-of-pocket costs and expenses above $3,000 in the aggregate that become payable after the consummation of the Merger and that relate to the litigation arising out of Russell Hobbs' business combination transaction with Applica. In February 2011, the parties to the litigation reached a full and final settlement of their disputes. Neither the Company, Applica or any other subsidiary of the Company was required to make any payments in connection with the settlement.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Number 210

-Article 3A

-Section 04

-Paragraph b

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Number 57

-Paragraph 1-4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Restructuring And Related Charges

12 Months Ended

Sep. 30, 2011

Restructuring And Related Charges [Abstract]

Restructuring And Related Charges

(14) Restructuring and Related Charges

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

The Company reports restructuring and related charges relating to administrative functions in Operating expenses, such as initiatives impacting sales, marketing, distribution, or other non-manufacturing related functions. Restructuring and related charges reflected in Operating expenses include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives implemented as well as consultation, legal and accounting fees related to the evaluation of the Predecessor Company's capital structure incurred prior to the Bankruptcy Filing.

The following table summarizes restructuring and related charges incurred by segment:


	Successor Company						Predecessor Company
	2011		2010		Period from August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Cost of goods sold:
Global Batteries & Appliances	$	756	$	3,275	$	173	$	11,857
Global Pet Supplies		7,085		3,837		5		1,332
Home and Garden Business		—		38		—		—

Total restructuring and related charges in cost of goods sold		7,841		7,150		178		13,189
Operating expense:
Global Batteries & Appliances		5,338		251		370		8,393
Global Pet Supplies		9,567		2,917		35		4,411
Home and Garden Business		2,704		8,419		993		5,323
Corporate		3,194		5,381		153		12,764

Total restructuring and related charges in operating expense		20,803		16,968		1,551		30,891

Total restructuring and related charges	$	28,644	$	24,118	$	1,729	$	44,080

The following table summarizes restructuring and related charges incurred by type of charge:


	Successor Company									Predecessor Company
	2011			2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Costs included in cost of goods sold:
United & Tetra integration:
Termination benefits	$	—		$	—		$	—		$	6
European initiatives:
Other associated costs		—			—			7			11
Latin America initiatives:
Termination benefits		—			—			—			207
Global Realignment initiatives:
Termination benefits		—			187			—			333
Other associated costs		—			(102	)		—			869
Ningbo Exit Plan:
Termination benefits		—			14			—			857
Other associated costs		273			2,148			165			8,461
Global Cost Reduction initiatives:
Termination benefits		1,679			2,630			—			200
Other associated costs		5,889			2,273			6			2,245

Total included in cost of goods sold		7,841			7,150			178			13,189
Costs included in operating expenses:
Breitenbach, France facility closure:
Other associated costs		—			—			—			(7	)
United & Tetra integration:
Termination benefits		—			—			—			2,297
Other associated costs		—			—			(132	)		427
European initiatives:
Termination benefits		(251	)		(92	)		—			—
Global Realignment:
Termination benefits		1,207			5,361			94			6,994
Other associated costs		1,931			(1,841	)		45			3,440
Ningbo Exit Plan:
Other associated costs		—			—			—			1,334
Global Cost Reduction initiatives:
Termination benefits		10,155			4,268			866			5,690
Other associated costs		7,761			9,272			678			10,716

Total included in operating expenses		20,803			16,968			1,551			30,891

Total restructuring and related charges	$	28,644		$	24,118		$	1,729		$	44,080

2009 Restructuring Initiatives

The Company implemented a series of initiatives within the Global Batteries & Appliances segment, the Global Pet Supplies segment and the Home and Garden Business segment to reduce operating costs, and to evaluate opportunities to improve the Company's capital structure (the "Global Cost Reduction Initiatives"). These initiatives include headcount reductions within each of the Company's segments and the exit of certain facilities in the U.S. related to the Global Pet Supplies and Home and Garden Business segments. These initiatives also include consultation, legal and accounting fees related to the evaluation of the Company's capital structure. Costs associated with these initiatives since inception, which are expected to be incurred through January 31, 2015, are projected at approximately $78,000.

The Successor Company recorded $25,484, $18,443 and $1,550 of pretax restructuring and related charges during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company recorded $18,850 of pretax restructuring and related charges during the period from October 1, 2008 through August 30, 2009 related to the Global Cost Reduction Initiatives.

Global Cost Reduction Initiatives Summary

The following table summarizes the remaining accrual balance associated with the Global Cost Reduction Initiatives and activity that occurred during Fiscal 2011:


	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2010	$	6,447		$	4,005		$	10,452
Provisions		10,423			1,319			11,742
Cash expenditures		(8,286	)		(2,890	)		(11,176	)
Non-cash items		211			587			798

Accrual balance at September 30, 2011	$	8,795		$	3,021		$	11,816

Expensed as incurred(A)	$	1,411		$	12,331		$	13,742

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

The following table summarizes the expenses incurred by the Successor Company during Fiscal 2011, the cumulative amount incurred from inception of the initiative through September 30, 2011 and the total future expected costs to be incurred associated with the Global Cost Reduction Initiatives by operating segment:


	Global Batteries and Appliances		Global Pet Supplies		Home and Garden		Corporate		Total
Restructuring and related charges incurred during Fiscal 2011	$	6,128	$	16,652	$	2,704	$	—	$	25,484
Restructuring and related charges incurred since initiative inception	$	13,167	$	26,862	$	16,708	$	7,591	$	64,328
Total future estimated restructuring and related charges expected to be incurred	$	—	$	10,600	$	2,987	$	—	$	13,587

2008 Restructuring Initiatives

The Company implemented an initiative within the Global Batteries & Appliances segment in China to reduce operating costs and rationalize the Company's manufacturing structure. These initiatives, which are complete, include the plan to exit the Company's Ningbo battery manufacturing facility in China (the "Ningbo Exit Plan"). The Company has recorded pretax restructuring and related charges of $29,651 since the inception of the Ningbo Exit Plan.

The Successor Company recorded $273, $2,162 and $165 of pretax restructuring and related charges during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company recorded $10,652 of pretax restructuring and related charges during the period from October 1, 2008 through August 30, 2009, in connection with the Ningbo Exit Plan.

The following table summarizes the remaining accrual balance associated with the Ningbo Exit Plan and activity that occurred during Fiscal 2011:

Ningbo Exit Plan Summary


	Other Costs
Accrual balance at September 30, 2010	$	491
Provisions		24
Cash expenditures		(143	)
Non-cash items		(372	)

Accrual balance at September 30, 2011	$	—

Expensed as incurred(A)	$	249

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

2007 Restructuring Initiatives

In Fiscal 2007, the Company began managing its business in three vertically integrated, product-focused reporting segments: Global Batteries & Personal Care (which, effective October 1, 2010, includes the appliance portion of Russell Hobbs, collectively, Global Batteries & Appliances), Global Pet Supplies and the Home and Garden Business. As part of this realignment, the Company undertook a number of cost reduction initiatives, primarily headcount reductions, at the corporate and operating segment levels (the "Global Realignment Initiatives"). Costs associated with these initiatives since inception, which are expected to be incurred through June 30, 2013, relate primarily to severance and are projected at approximately $92,500, the majority of which are cash costs.

In connection with the Global Realignment Initiatives, the Successor Company recorded $3,138, $3,605 and $138 of restructuring and related charges during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company recorded $11,635 of pretax restructuring and related charges during the period from October 1, 2008 through August 30, 2009, related to the Global Realignment Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Realignment Initiatives and activity that occurred during Fiscal 2011:

Global Realignment Initiatives Summary


	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2010	$	8,721		$	2,281		$	11,002
Provisions		1,207			71			1,278
Cash expenditures		(7,394	)		(832	)		(8,226	)
Non-cash items		(5	)		322			317

Accrual balance at September 30, 2011	$	2,529		$	1,842		$	4,371

Expensed as incurred(A)	$	—		$	1,860		$	1,860

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


	Global Batteries and Appliances			Home and Garden		Corporate		Total
Restructuring and related charges incurred during Fiscal 2011	$	(56	)	$	—	$	3,194	$	3,138
Restructuring and related charges incurred since initiative inception	$	46,613		$	6,762	$	38,350	$	91,725
Total future restructuring and related charges expected	$	—		$	—	$	702	$	702

2006 Restructuring Initiatives

The Company implemented a series of initiatives within the Global Batteries & Appliances segment in Europe to reduce operating costs and rationalize the Company's manufacturing structure (the "European Initiatives"). These initiatives, which are substantially complete, include the relocation of certain operations at the Ellwangen, Germany packaging center to the Dischingen, Germany battery plant, transferring private label battery production at the Company's Dischingen, Germany battery plant to the Company's manufacturing facility in China and restructuring its sales, marketing and support functions. The Company has recorded pretax restructuring and related charges of $26,714 since the inception of the European Initiatives.

The Company recorded $(251), $(92) and $7 of pretax restructuring and related charges during Fiscal 2011, Fiscal 2010 and the period from August 31, 2009 through September 30, 2009, respectively. The Predecessor Company recorded $11 during the period from October 1, 2008 through August 30, 2009, related to the European Initiatives.

The following table summarizes the remaining accrual balance associated with the 2006 initiatives and activity that occurred during Fiscal 2011:

European Initiatives Summary


	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2010	$	1,801		$	47		$	1,848
Provisions		(251	)		—			(251	)
Cash expenditures		(638	)		(47	)		(685	)
Non-cash items		(912	)		—			(912	)

Accrual balance at September 30, 2011	$	—		$	—		$	—

- Definition

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.

+ References+ Details

Acquisitions

12 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Acquisitions

(15) Acquisitions

Russell Hobbs

On June 16, 2010, the Company consummated the Merger, pursuant to which Spectrum Brands became a wholly-owned subsidiary of the Company and Russell Hobbs became a wholly owned subsidiary of Spectrum Brands. Russell Hobbs is a designer, marketer and distributor of a broad range of branded small household appliances. Russell Hobbs markets and distributes small kitchen and home appliances, pet and pest products and personal care products. Russell Hobbs has a broad portfolio of recognized brand names, including Black & Decker, George Foreman, Russell Hobbs, Toastmaster, LitterMaid, Farberware, Breadman and Juiceman. Russell Hobbs' customers include mass merchandisers, specialty retailers and appliance distributors primarily in North America, South America, Europe and Australia.

The results of Russell Hobbs operations since June 16, 2010 are included in the Company's Consolidated Statements of Operations. Effective October 1, 2010, substantially all of the financial results of Russell Hobbs are reported within the Global Batteries & Appliances segment. In addition, certain pest control and pet products included in the former Small Appliances segment have been reclassified into the Home and Garden Business and Global Pet Supplies segments, respectively.

In accordance with ASC Topic 805, "Business Combinations" ("ASC 805"), the Company accounted for the Merger by applying the acquisition method of accounting. The acquisition method of accounting requires that the consideration transferred in a business combination be measured at fair value as of the closing date of the acquisition. After consummation of the Merger, the stockholders of Spectrum Brands, inclusive of the Harbinger Parties, owned approximately 60% of SB Holdings and the stockholders of Russell Hobbs owned approximately 40% of SB Holdings. Inasmuch as Russell Hobbs was a private company and its common stock was not publicly traded, the closing market price of the Spectrum Brands common stock at June 16, 2010 was used to calculate the purchase price. The total purchase price of Russell Hobbs was approximately $597,579 determined as follows:


Spectrum Brands closing price per share on June 16, 2010	$	28.15

Purchase price—Russell Hobbs allocation—20,704 shares⁽¹⁾⁽²⁾	$	575,203
Cash payment to pay off Russell Hobbs' North American credit facility		22,376

Total purchase price of Russell Hobbs	$	597,579

⁽¹⁾	Number of shares calculated based upon conversion formula, as defined in the Merger Agreement, using balances as of June 16, 2010.

⁽²⁾	The fair value of 271 shares of unvested restricted stock units as they relate to post combination services will be recorded as operating expense over the remaining service period and were assumed to have no fair value for the purchase price.

Purchase Price Allocation

The total purchase price for Russell Hobbs was allocated to the net tangible and intangible assets based upon their fair values at June 16, 2010 as set forth below. The excess of the purchase price over the net tangible assets and intangible assets was recorded as goodwill. The measurement period for the Merger has closed, during which no adjustments were made to the preliminary purchase price allocation. The final purchase price allocation for Russell Hobbs is as follows:


Current assets	$	307,809
Property, plant and equipment		15,150
Intangible assets		363,327
Goodwill^(A)		120,079
Other assets		15,752

Total assets acquired	$	822,117
Current liabilities		142,046
Total debt		18,970
Long-term liabilities		63,522

Total liabilities assumed	$	224,538

Net assets acquired	$	597,579

^(A)	Consists of $25,426 of tax deductible Goodwill.

Pre-Acquisition Contingencies Assumed

The Company has evaluated pre-acquisition contingencies relating to Russell Hobbs that existed as of the acquisition date. Based on the evaluation, the Company has determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, the Company has recorded its best estimates for these contingencies as part of the purchase price allocation for Russell Hobbs. As the measurement period has closed, adjustments to pre-acquisition contingency amounts are reflected in the Company's results of operations.

ASC 805 requires, among other things, that most assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. Accordingly, the Company performed a valuation of the assets and liabilities of Russell Hobbs at June 16, 2010. Significant adjustments as a result of the purchase price allocation are summarized as follows:

•

Inventories—An adjustment of $1,721 was recorded to adjust inventory to fair value. Finished goods were valued at estimated selling prices less the sum of costs of disposal and a reasonable profit allowance for the selling effort.

•

Deferred tax liabilities, net—An adjustment of $43,086 was recorded to adjust deferred taxes for the fair value allocations made in accounting for the purchase.

•

Property, plant and equipment, net—An adjustment of $(455) was recorded to adjust the net book value of property, plant and equipment to fair value giving consideration to their highest and best use. The valuation of the Company's property, plant and equipment were based on the cost approach.

•

Certain indefinite-lived intangible assets were valued using a relief from royalty methodology. Customer relationships and certain definite-lived intangible assets were valued using a multi-period excess earnings method. The total fair value of indefinite and definite lived intangibles was $363,327 as of June 16, 2010. A summary of the significant key inputs is as follows:

•

The Company valued customer relationships using the income approach, specifically the multi-period excess earnings method. In determining the fair value of the customer relationship, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges. The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value. Only expected sales from current customers were used, which included an expected growth rate of 3%. The Company assumed a customer retention rate of approximately 93%, which was supported by historical retention rates. Income taxes were estimated at 36% and amounts were discounted using a rate of 15.5%. The customer relationships were valued at $38,000 under this approach.

•

The Company valued trade names and trademarks using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of Russell Hobbs related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. Royalty rates used in the determination of the fair values of trade names and trademarks ranged from 2.0% to 5.5% of expected net sales related to the respective trade names and trademarks. The Company anticipates using the majority of the trade names and trademarks for an indefinite period as demonstrated by the sustained use of each subject trademark. In estimating the fair value of the trademarks and trade names, Net sales for significant trade names and trademarks were estimated to grow at a rate of 1%-14% annually with a terminal year growth rate of 3%. Income taxes were estimated in a range of 30%-38% and amounts were discounted using rates between 15.5%-16.5%. Trade name and trademarks were valued at $170,930 under this approach.

•

The Company valued a trade name license agreement using the income approach, specifically the multi-period excess earnings method. In determining the fair value of the trade name license agreement, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the trade name license agreement after deducting contributory asset charges. The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value. In estimating the fair value of the trade name license agreement, net sales were estimated to grow at a rate of (3)%-1% annually. The Company assumed a twelve year useful life of the trade name license agreement. Income taxes were estimated at 37% and amounts were discounted using a rate of 15.5%. The trade name license agreement was valued at $149,200 under this approach.

•

The Company valued technology using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of Russell Hobbs related licensing agreements and the importance of the technology and profit levels, among other considerations. Royalty rates used in the determination of the fair values of technologies were 2% of expected net sales related to the respective technology. The Company anticipates using these technologies through the legal life of the underlying patent and therefore the expected life of these technologies was equal to the remaining legal life of the underlying patents ranging from 9 to 11 years. In estimating the fair value of the technologies, net sales were estimated to grow at a rate of 3%-12% annually. Income taxes were estimated at 37% and amounts were discounted using the rate of 15.5%. The technology assets were valued at $4,100 under this approach.

Supplemental Pro Forma Information (Unaudited)

The following reflects the Company's pro forma results had the results of Russell Hobbs been included for all periods beginning after September 30, 2008 through Fiscal 2010.


	Successor Company						Predecessor Company
	2010			Period from August 31, 2009 through September 30, 2009			Period from October 1, 2008 through August 30, 2009
Net sales:
Reported Net sales	$	2,567,011		$	219,888		$	2,010,648
Russell Hobbs adjustment		543,952			64,641			711,046

Pro forma Net sales	$	3,110,963		$	284,529		$	2,721,694

(Loss) income from continuing operations:
Reported (loss) income from continuing operations	$	(187,020	)	$	(71,193	)	$	1,100,743
Russell Hobbs adjustment		(5,504	)		(2,284	)		(25,121	)

Pro forma (loss) income from continuing operations	$	(192,524	)	$	(73,477	)	$	1,075,622

Seed Resources

On December 3, 2010, the Company completed the $10,524 cash acquisition of Seed Resources. Seed Resources is a wild bird seed cake producer through its Birdola premium brand seed cakes. This acquisition was not significant individually. In accordance with ASC 805, the Company accounted for the acquisition by applying the acquisition method of accounting.

The results of Seed Resources operations since December 3, 2010 are included in the Company's Consolidated Statements of Operations and are reported as part of the Global Pet Supplies business segment. The preliminary purchase price of $12,500, which includes a $1,476 sales earn out and a $500 manufacturing earn out, has been allocated to the acquired net assets, including a $1,100 trade name intangible asset and $10,029 of goodwill. The Company's estimates and assumptions for this acquisition are subject to change as the Company obtains additional information for its estimates during the respective measurement period. The primary areas of the purchase price allocation that are not yet finalized relate to certain legal matters, income and non-income based taxes and residual goodwill.

- Definition

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).

+ References

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-Number 88-16

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-Name Statement of Financial Accounting Standard (FAS)

-Number 141

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-Number 141R

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-Paragraph F4

-Subparagraph e

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+ Details

Discontinued Operations

12 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

(16) Discontinued Operations

On November 11, 2008, the Predecessor Board approved the shutdown of the growing products portion of the Home and Garden Business, which included the manufacturing and marketing of fertilizers, enriched soils, mulch and grass seed. The decision to shutdown the growing products portion of the Home and Garden Business was made only after the Predecessor Company was unable to successfully sell this business, in whole or in part. The shutdown of the growing products portion of the Home and Garden Business was completed during the second quarter of Fiscal 2009.

The presentation herein of the results of continuing operations has been changed to exclude the growing products portion of the Home and Garden Business for all periods presented. The following amounts have been segregated from continuing operations and are reflected as discontinued operations for Fiscal 2010, the period from August 31, 2009 through September 30, 2009, and the period from October 1, 2008 through August 30, 2009, respectively:


	Successor Company					Predecessor Company
	2010			Period From August 31, 2009 through September 30, 2009		Period from October 1, 2008 through August 30, 2009
Net sales	$	—		$	—	$	31,306

(Loss) income from discontinued operations before income taxes	$	(2,512	)	$	408	$	(91,293	)
Provision for income tax expense (benefit)		223			—		(4,491	)

(Loss) income from discontinued operations, net of tax	$	(2,735	)	$	408	$	(86,802	)

The Company did not record any (loss) income from discontinued operations in Fiscal 2011.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2443-110228

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

+ Details

New Accounting Pronouncements	12 Months Ended
New Accounting Pronouncements	Sep. 30, 2011
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	(17) New Accounting Pronouncements *Recently Adopted Accounting Guidance* Variable Interest Entities In June 2009, the Financial Accounting Standards Board ("FASB") issued new accounting guidance requiring an enterprise to perform an analysis to determine whether the enterprise's variable interest or interests give it a controlling financial interest in a variable interest entity. The new guidance also requires enhanced disclosures that will provide users of financial statements with more transparent information about an enterprise's involvement in a variable interest entity. The Company adopted the new guidance on October 1, 2010 and the adoption did not impact the Company's financial statements and related disclosures. Revenue Recognition – Multiple-Element Arrangements In October 2009, the FASB issued new accounting guidance addressing the accounting for multiple-deliverable arrangements to enable entities to account for products or services (deliverables) separately rather than as a combined unit. The provisions establish the accounting and reporting guidance for arrangements under which the entity will perform multiple revenue-generating activities. Specifically, this guidance addresses how to separate deliverables and how to measure and allocate arrangement consideration to one or more units of accounting. The Company adopted the new guidance on October 1, 2010 and the adoption did not impact the Company's financial statements and related disclosures. *Recently Issued Accounting Guidance* Fair Value Measurement In May 2011, the FASB issued amended accounting guidance to achieve a consistent definition of and common requirements for measurement of and disclosure concerning fair value between GAAP and International Financial Reporting Standards. This amended guidance is effective for the Company beginning in the second quarter of its fiscal year ending September 30, 2012. The Company is currently evaluating the impact of this new accounting guidance on its Consolidated Financial Statements. Presentation of Comprehensive Income In June 2011, the FASB issued new accounting guidance which requires entities to present net income and other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. This accounting guidance is effective for the Company for the fiscal year beginning October 1, 2012. Early adoption is permitted. The Company is currently evaluating the impact of this new accounting guidance on its Consolidated Financial Statements. Testing for Goodwill Impairment During 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 for the fiscal year beginning October 1, 2012. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a significant impact on its Consolidated Financial Statements.

Subsequent Events	12 Months Ended
Subsequent Events	Sep. 30, 2011
Subsequent Events [Abstract]
Subsequent Events	(18) Subsequent Events ASC 855, "Subsequent Events," ("ASC 855"), establishes general standards of accounting and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 requires the Company to evaluate all subsequent events that occur after the balance sheet date through the date and time the Company's financial statements are issued. The Company has evaluated subsequent events through the date these financial statements were issued. On November 1, 2011, the Company completed the $43,750 cash acquisition of certain trade name brands from The Homax Group, Inc., a portfolio company of Olympus Partners. In accordance with ASC 805, the Company will account for the acquisition by applying the acquisition method of accounting and include the fair value of acquired assets within the Company's Home and Garden Business segment. The Company is in process of preparing the preliminary purchase price allocation. On November 2, 2011, the Company offered $200,000 aggregate principal amount of 9.5% Notes at a price of 108.50% of the par value; these notes are in addition to the $750,000 aggregative principal amount of 9.5% Notes already outstanding. The additional notes are guaranteed by Spectrum Brands' parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries and secured by liens on substantially all of the Company's and the guarantors assets. The additional notes will vote together with the existing 9.5% Notes. On December 5, 2011, the Company signed a definitive agreement to acquire all of the issued and outstanding common stock of FURminator, Inc. for $140,000 in cash. The transaction is subject to customary closing and regulatory approvals. In accordance with ASC 805, the Company will account for the acquisition by applying the acquisition method of accounting and include the fair value of acquired assets and liabilities within the Company's Global Pet Supplies segment. The Company is in process of preparing the preliminary purchase price allocation.

Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2011

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (Unaudited)

(19) Quarterly Results (unaudited)

Fiscal 2011:


	Successor Company
	Quarter Ended
	September 30, 2011			July 3, 2011		April 3, 2011			January 2, 2011
Net sales	$	827,329		$	804,635	$	693,885		$	861,067
Gross profit		280,495			293,694		255,439			299,239
Net (loss) income		(33,776	)		28,921		(50,025	)		(19,746	)

Fiscal 2010:


	Successor Company
	Quarter Ended
	September 30, 2010			July 4, 2010			April 4, 2010			January 3, 2010
Net sales	$	788,999		$	653,486		$	532,586		$	591,940
Gross profit		274,499			252,869			209,580			184,462
Net loss		(24,167	)		(86,305	)		(19,034	)		(60,249	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Consolidating Financial Statements

12 Months Ended

Sep. 30, 2011

Consolidating Financial Statements [Abstract]

Consolidating Financial Statements

(20) Consolidating Financial Statements

On the Effective Date, pursuant to the Plan, Spectrum Brands, with its domestic subsidiaries as guarantors, issued the 12% Notes under the 2019 Indenture for the benefit of holders of allowed claims with respect to the Predecessor Company's then-existing senior subordinated notes. See Note 2(x), Significant Accounting Policies—Reorganization items, for further details of the Bankruptcy Cases and In connection with the combination with Russell Hobbs, Spectrum Brands, with its domestic subsidiaries and SB/RH Holdings, LLC as guarantors, issued the 9.5% Notes under the 2018 Indenture. (See Note 6, Debt, for further information on the 12% Notes and the 2019 Indenture and the 9.5% Notes under the 2018 Indenture.)

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

Successor Company

Consolidating Statement of Financial Position

September 30, 2011


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	49		$	8,789		$	133,576	$	—		$	142,414
Receivables:
Trade accounts receivables, net of allowances		64,832			115,440			176,333		—			356,605
Intercompany receivables		550,640			907,730			392,044		(1,854,857	)		(4,443	)
Other		2,144			5,527			30,007		—			37,678
Inventories		75,652			179,506			183,640		(4,168	)		434,630
Deferred income taxes		(7,285	)		26,436			8,037		982			28,170
Prepaid expenses and other		18,286			4,538			25,968		—			48,792

Total current assets		704,318			1,247,966			949,605		(1,858,043	)		1,043,846
Property, plant and equipment, net		57,669			43,808			104,912		—			206,389
Long term intercompany receivables		136,709			134,313			127,175		(398,197	)		—
Deferred charges and other		11,364			4,725			20,735		—			36,824
Goodwill		67,722			354,481			188,135		—			610,338
Intangible assets, net		525,409			714,710			443,790		—			1,683,909
Debt issuance costs		40,957			—			—		—			40,957
Investments in subsidiaries		2,330,632			1,022,634			—		(3,353,266	)		—

Total assets	$	3,874,780		$	3,522,637		$	1,834,352	$	(5,609,506	)	$	3,622,263


LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current maturities of long-term debt	$	30,585		$	1,036		$	9,469	$	—		$	41,090
Accounts payable		1,338,536			455,696			283,669		(1,754,730	)		323,171
Accrued liabilities:
Wages and benefits		20,377			13,396			37,172		—			70,945
Income taxes payable		366			(21	)		31,261		—			31,606
Restructuring and related charges		3,019			8,064			5,104		—			16,187
Accrued interest		30,361			—			106		—			30,467
Other		17,642			37,763			62,973		—			118,378

Total current liabilities		1,440,886			515,934			429,754		(1,754,730	)		631,844
Long-term debt, net of current maturities		1,503,990			307,087			222,753		(498,308	)		1,535,522
Employee benefit obligations, net of current portion		17,408			7,301			59,093		—			83,802
Deferred income taxes		86,248			169,838			81,250		—			337,336
Other		22,205			3,564			18,868		—			44,637

Total liabilities		3,070,737			1,003,724			811,718		(2,253,038	)		2,633,141
Shareholders' equity:
Other equity		1,338,735			1,693,632			980,167		(2,673,800	)		1,338,734
Accumulated deficit (retained earnings)		(426,165	)		922,638			37,719		(869,358	)		(335,166	)
Accumulated other comprehensive income (deficit)		(108,527	)		(97,357	)		4,748		186,690			(14,446	)

Total shareholders' equity (deficit)		804,043			2,518,913			1,022,634		(3,356,468	)		989,122

Total liabilities and shareholders' equity	$	3,874,780		$	3,522,637		$	1,834,352	$	(5,609,506	)	$	3,622,263

Successor Company

Consolidating Statement of Operations

Year Ended September 30, 2011


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	536,670		$	1,301,887		$	1,486,744		$	(138,385	)	$	3,186,916
Cost of goods sold		342,256			929,409			914,939			(136,396	)		2,050,208
Restructuring and related charges		127			7,086			657	)		(29	)		7,841

Gross profit		194,287			365,392			571,148			(1,960	)		1,128,867
Operating expenses:
Selling		72,375			172,746			292,004			(590	)		536,535
General and administrative		62,809			80,227			97,687			200			240,923
Research and development		18,401			10,917			3,583			—			32,901
Acquisition and Integration related charges		7,935			17,878			10,790			—			36,603
Restructuring and related charges		5,973			11,679			3,151			—			20,803
Intangible asset impairment		—			28,150			4,300			—			32,450

		167,493			321,597			411,515			(390	)		900,215

Operating income		26,794			43,795			159,633			(1,570	)		228,652
Interest expense		185,387			2,072			21,017			16			208,492
Other (income) expense, net		(152,721	)		(81,621	)		(689	)		237,522			2,491

(Loss) income from continuing operations before reorganization items		(5,872	)		123,344			139,305			(239,108	)		17,669
Reorganization items, net		—			—			—			—			—

(Loss) income from continuing operations before income taxes		(5,872	)		123,344			139,305			(239,108	)		17,669
Income tax expense (benefit)		(14,582	)		46,351			61,081			(555	)		92,295

Net (loss) income	$	8,710		$	76,993		$	78,224		$	(238,553	)	$	(74,626	)

Successor Company

Consolidating Statement of Cash Flows

Year Ended September 30, 2011


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net cash (used) provided by operating activities	$	566,214		$	(160,513	)	$	556,282		$	(729,742	)	$	232,241
Cash flows from investing activities:
Purchases of property, plant and equipment		(14,396	)		(10,096	)		(11,668	)		—			(36,160	)
Proceeds from sale of property, plant, and equipment		—			116			127			—			243
Acquisitions, net of cash		—			(11,053	)		—			—			(11,053	)
Proceeds from sale of assets held for sale		—			—			6,997			—			6,997
Other investing activity		—			(5,723	)		—			—			(5,723	)

Net cash (used) provided by investing activities		(14,396	)		(26,756	)		(4,544	)		—			(45,696	)
Cash flows from financing activities:
Prepayment of Term Debt		(224,763	)		—			—			—			(224,763	)
Debt issuance costs		(12,616	)		—			—			—			(12,616	)
Proceeds from other debt financing		30,788			—			—			—			30,788
Expensed prepayment penalty of term loan facility refinanced in Fiscal 2011		(5,653	)		—			—			—			(5,653	)
Treasury stock purchases		(3,409	)		—			—			—			(3,409	)
Proceeds (advances related to) from intercompany transactions		(388,696	)		193,335			(534,381	)		729,742			—

Net cash provided (used) by financing activities		(604,349	)		193,335			(534,381	)		729,742			(215,653	)
Effect of exchange rate changes on cash and cash equivalents		—			—			908			—			908

Net increase (decrease) in cash and cash equivalents		(52,531	)		6,066			18,265			—			(28,200	)
Cash and cash equivalents, beginning of period		52,580			2,723			115,311			—			170,614

Cash and cash equivalents, end of period	$	49		$	8,789		$	133,576		$	—		$	142,414

Successor Company

Consolidating Statement of Financial Position

September 30, 2010


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents	$	52,580		$	2,723		$	115,311		$	—		$	170,614
Receivables:
Trade accounts receivables, net of allowances		44,793			117,195			203,014			—			365,002
Intercompany receivables		315,682			1,495,366			1,196,559			(3,007,607	)		—
Other		6,676			6,217			28,655			—			41,548
Inventories		101,855			212,348			219,555			(3,416	)		530,342
Deferred income taxes		5,360			17,620			12,327			428			35,735
Assets held for sale		—			359			12,093			—			12,452
Prepaid expenses and other		13,709			7,979			22,434			—			44,122

Total current assets		540,655			1,859,807			1,809,948			(3,010,595	)		1,199,815
Property, plant and equipment, net		56,588			47,060			97,516			—			201,164
Long term intercompany receivables		180,623			190,104			(168,682	)		(202,045	)		—
Deferred charges and other		10,594			3,019			32,739			—			46,352
Goodwill		67,722			365,899			166,434			—			600,055
Intangible assets, net		535,851			771,013			462,496			—			1,769,360
Debt issuance costs		52,836			4,125			—			—			56,961
Investments in subsidiaries		5,333,056			4,031,401			2,945,431			(12,309,888	)		—

Total assets	$	6,777,925		$	7,272,428		$	5,345,882		$	(15,522,528	)	$	3,873,707


LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current maturities of long-term debt	$	14,194		$	1,263		$	11,788		$	(6,535	)	$	20,710
Accounts payable		737,575			1,413,382			411,844			(2,230,570	)		332,231
Accrued liabilities:
Wages and benefits		34,363			18,276			41,332			—			93,971
Income taxes payable		(80	)		1,470			35,728			—			37,118
Restructuring and related charges		8,428			4,104			11,261			—			23,793
Accrued interest		31,509			—			143			—			31,652
Other		14,800			42,821			65,427			—			123,048

Total current liabilities		840,789			1,481,316			577,523			(2,237,105	)		662,523
Long-term debt, net of current maturities		1,707,386			244,406			582,104			(810,839	)		1,723,057
Employee benefit obligations, net of current portion		13,106			5,074			74,545			—			92,725
Deferred income taxes		22,808			208,700			46,335			—			277,843
Other		36,978			(124	)		33,974			—			70,828

Total liabilities		2,621,067			1,939,372			1,314,481			(3,047,944	)		2,826,976
Shareholders' equity:
Other equity		1,314,769			2,972,200			4,311,375			(7,283,576	)		1,314,768
Accumulated deficit (retained earnings)		(812,948	)		(541,431	)		(287,686	)		1,381,525			(260,540	)
Accumulated other comprehensive income (deficit)		3,655,037			2,902,287			7,712			(6,572,533	)		(7,497	)

Total shareholders' equity (deficit)		4,156,858			5,333,056			4,031,401			(12,474,584	)		1,046,731

Total liabilities and shareholders' equity	$	6,777,925		$	7,272,428		$	5,345,882		$	(15,522,528	)	$	3,873,707

Successor Company

Consolidating Statement of Operations

Year Ended September 30, 2010


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	406,473		$	1,115,416		$	1,177,266		$	(132,144	)	$	2,567,011
Cost of goods sold		243,438			821,142			704,612			(130,741	)		1,638,451
Restructuring and related charges		3,390			3,875			(115	)		—			7,150

Gross profit		159,645			290,399			472,769			(1,403	)		921,410
Operating expenses:
Selling		73,198			140,868			253,172			(425	)		466,813
General and administrative		21,779			105,906			71,349			—			199,034
Research and development		19,674			7,536			3,803			—			31,013
Acquisition and Integration related charges		24,107			10,885			3,460			—			38,452
Restructuring and related charges		5,179			9,519			2,270			—			16,968

		143,937			274,714			334,054			(425	)		752,280

Operating income		15,708			15,685			138,715			(978	)		169,130
Interest expense		248,172			5,554			23,246			43			277,015
Other (income) expense, net		(104,022	)		(40,837	)		9,810			147,349			12,300

(Loss) income from continuing operations before reorganization items		(128,442	)		50,968			105,659			(148,370	)		(120,185	)
Reorganization items, net		4,482			(836	)		—			—			3,646

(Loss) income from continuing operations before income taxes		(132,924	)		51,804			105,659			(148,370	)		(123,831	)
Income tax expense (benefit)		24,980			2,547			35,789			(127	)		63,189

(Loss) income from continuing operations		(157,904	)		49,257			69,870			(148,243	)		(187,020	)
(Loss) from discontinued operations, net of tax		—			(2,735	)		—			—			(2,735	)

Net (loss) income	$	(157,904	)	$	46,522		$	69,870		$	(148,243	)	$	(189,755	)

Successor Company

Consolidating Statement of Cash Flows

Year Ended September 30, 2010


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net cash (used) provided by operating activities of continuing operations	$	343,012		$	(187,154	)	$	104,252		$	(191,551	)	$	68,559
Net cash used by operating activities of discontinued operations		—			(11,221	)		—			—			(11,221	)

Net cash (used) provided by operating activities		343,012			(198,375	)		104,252			(191,551	)		57,338
Cash flows from investing activities:
Purchases of property, plant and equipment		(15,486	)		(11,587	)		(13,243	)		—			(40,316	)
Proceeds from sale of property, plant, and equipment		—			297			91			—			388
Acquisitions, net of cash		(2,577	)		—			—			—			(2,577	)
Intercompany investments		(174,319	)		174,319			—			—			—

Net cash (used) provided by investing activities		(192,382	)		163,029			(13,152	)		—			(42,505	)
Cash flows from financing activities:
Reduction of debt		(8,039	)		—			(417	)		—			(8,456	)
Proceeds from debt financing		26,955			—			(13,267	)		—			13,688
Debt issuance costs		(55,228	)		—			—			—			(55,228	)
Refund of debt issuance costs		204			—			—			—			204
Proceeds from new senior credit facilities		1,474,755			—			—			—			1,474,755
Payments on extinguished senior credit facilities		(1,278,760	)		—			—			—			(1,278,760	)
Extinguishment old ABL facility, net		(33,225	)		—			—			—			(33,225	)
Payments of extinguished supplemental loan		(45,000	)		—			—			—			(45,000	)
Treasury stock purchases		(2,207	)		—			—			—			(2,207	)
Proceeds (advances related to) from intercompany transactions		(178,955	)		34,705			(47,301	)		191,551			—

Net cash provided (used) by financing activities		(99,500	)		34,705			(60,985	)		191,551			65,771
Effect of exchange rate changes on cash and cash equivalents		—			—			258			—			258
Foreign exchange impact on cash and cash equivalents due to Venezuela hyperinflation		—			—			(8,048	)		—			(8,048	)

Net increase (decrease) in cash and cash equivalents		51,130			(641	)		22,325			—			72,814
Cash and cash equivalents, beginning of period		1,450			3,364			92,986			—			97,800

Cash and cash equivalents, end of period	$	52,580		$	2,723		$	115,311		$	—		$	170,614

Successor Company

Consolidating Statement of Operations

The period from August 31, 2009 through September 30, 2009


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	4,178		$	116,642		$	109,972		$	(10,904	)	$	219,888
Cost of goods sold		(8,800	)		102,365			72,675			(10,930	)		155,310
Restructuring and related charges		25			5			148			—			178

Gross profit		12,953			14,272			37,149			26			64,400
Operating expenses:
Selling		6,034			10,334			22,778			(10	)		39,136
General and administrative		10,638			3,206			6,734			—			20,578
Research and development		2,154			454			419			—			3,027
Restructuring and related charges		356			1,029			166			—			1,551

		19,182			15,023			30,097			(10	)		64,292

Operating (loss) income		(6,229	)		(751	)		7,052			36			108
Interest expense		12,942			2,119			2,001			(100	)		16,962
Other expense (income), net		41,383			(21,533	)		(6,014	)		(14,652	)		(816	)

(Loss) income from continuing operations before reorganization items, net and income taxes		(60,554	)		18,663			11,065			14,788			(16,038	)
Reorganization items net expense (income)		3,962			—			—			—			3,962

(Loss) income from continuing operations before income taxes		(64,516	)		18,663			11,065			14,788			(20,000	)
Income tax (benefit) expense		(26,560	)		75,899			1,911			(57	)		51,193

(Loss) income from continuing operations		(37,956	)		(57,236	)		9,154			14,845			(71,193	)
Income from discontinued operations, net of tax		—			408			—			—			408

Net (loss) income	$	(37,956	)	$	(56,828	)	$	9,154		$	14,845		$	(70,785	)

Predecessor Company

Consolidating Statement of Operations

The period from October 1, 2008 through August 30, 2009


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	379,782		$	870,174		$	891,318		$	(130,626	)	$	2,010,648
Cost of goods sold		224,838			626,518			525,580			(131,296	)		1,245,640
Restructuring and related charges		17,958			798			(5,567	)		—			13,189

Gross profit		136,986			242,858			371,305			670			751,819
Operating expenses:
Selling		61,068			113,518			188,808			(288	)		363,106
General and administrative		61,960			31,027			52,248			—			145,235
Research and development		13,473			4,956			2,962			—			21,391
Restructuring and related charges		17,420			8,146			5,325			—			30,891
Goodwill and intangibles impairment		—			19,000			15,391			—			34,391

		153,921			176,647			264,734			(288	)		595,014

Operating (loss) income		(16,935	)		66,211			106,571			958			156,805
Interest expense		128,013			23,750			21,219			(42	)		172,940
Other expense (income), net		(633,951	)		(154,551	)		4,635			787,187			3,320

Income from continuing operations before reorganization items, net and income taxes		489,003			197,012			80,717			(786,187	)		(19,455	)
Reorganization items net expense (income)		(689,312	)		(358,142	)		(95,355	)		—			(1,142,809	)

Income from continuing operations before income taxes		1,178,315			555,154			176,072			(786,187	)		1,123,354
Income tax (benefit) expense		18,459			(9,227	)		13,073			306			22,611

Income from continuing operations		1,159,856			564,381			162,999			(786,493	)		1,100,743
Income (loss) from discontinued operations, net of tax		3,262			(90,064	)		—			—			(86,802	)

Net income	$	1,163,118		$	474,317		$	162,999		$	(786,493	)	$	1,013,941

Successor Company

Consolidating Statement of Cash Flows

The period from August 31, 2009 through September 30, 2009


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net cash (used) provided by operating activities of continuing operations	$	(146,664	)	$	(117,728	)	$	358,075		$	(25,005	)	$	68,678
Net cash provided by operating activities of discontinued operations		—			6,273			—			—			6,273

Net cash (used) provided by operating activities		(146,664	)		(111,455	)		358,075			(25,005	)		74,951
Cash flows from investing activities:
Purchases of property, plant and equipment		(1,520	)		(186	)		(1,012	)		—			(2,718	)
Proceeds from sale of property, plant, and equipment		1			68			2			—			71
Intercompany investments		—			(73,320	)		73,320			—			—

Net cash used by investing activities		(1,519	)		(73,438	)		72,310			—			(2,647	)
Cash flows from financing activities:
Reduction of debt		(4,528	)		—			(75	)		—			(4,603	)
Proceeds from Exit Facility		57,800			—			—			—			57,800
Payments on Exit Facility		(89,575	)		—			—			—			(89,575	)
Debt issuance costs		(287	)		—			—			—			(287	)
Proceeds (advances related to) from intercompany transactions		177,125			185,408			(387,538	)		25,005			—

Net cash provided (used) by financing activities		140,535			185,408			(387,613	)		25,005			(36,665	)
Effect of exchange rate changes on cash and cash equivalents		—			—			1,002			—			1,002

Net increase (decrease) in cash and cash equivalents		(7,648	)		515			43,774			—			36,641
Cash and cash equivalents, beginning of period		9,098			2,849			49,212			—			61,159

Cash and cash equivalents, end of period	$	1,450		$	3,364		$	92,986		$	—		$	97,800

Predecessor Company

Consolidating Statement of Cash Flows

The period from October 1, 2008 through August 30, 2009


	Parent			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated Total
Net cash (used) provided by operating activities of continuing operations	$	(25,786	)	$	596,535		$	308,745		$	(849,700	)	$	29,794
Net cash used by operating activities of discontinued operations		—			(28,187	)		—			—			(28,187	)

Net cash (used) provided by operating activities		(25,786	)		568,348			308,745			(849,700	)		1,607
Cash flows from investing activities:
Purchases of property, plant and equipment		(2,919	)		(976	)		(4,171	)		—			(8,066	)
Proceeds from sale of property, plant, and equipment		15			1			363			—			379
Payments for acquisitions		—			—			(8,460	)		—			(8,460	)
Intercompany investments		(39	)		—			39			—			—

Net cash used by investing activities of continuing operations		(2,943	)		(975	)		(12,229	)		—			(16,147	)
Net cash used by investing activities of discontinued operations		—			(855	)		—			—			(855	)

Net cash used by investing activities		(2,943	)		(1,830	)		(12,229	)		—			(17,002	)
Cash flows from financing activities:
Reduction of debt		(39,866	)		—			(717	)		—			(40,583	)
Proceeds from ABL Revolving Credit Facility		149,195			—			—			—			149,195
Payments on ABL Revolving Credit Facility		(229,195	)		—			—			—			(229,195	)
Proceeds from DIP Revolving Credit Facility		854,341			—			—			—			854,341
Payments on DIP Revolving Credit Facility		(854,341	)		—			—			—			(854,341	)
Proceeds from Supplemental Loan		90,000			—			—			—			90,000
Payments on Supplemental Loan		(45,000	)		—			—			—			(45,000	)
Proceeds from Exit Financing		65,000			—			—			—			65,000
Debt issuance costs		(17,199	)		—			—			—			(17,199	)
Treasury stock purchases		(61	)		—			—			—			(61	)
Proceeds (advances related to) from intercompany transactions		55,167			(567,336	)		(337,531	)		849,700			—

Net cash provided (used) by financing activities		28,041			(567,336	)		(338,248	)		849,700			(27,843	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(376	)		—			(376	)

Net decrease in cash and cash equivalents		(688	)		(818	)		(42,108	)		—			(43,614	)
Cash and cash equivalents, beginning of period		9,786			3,667			91,320			—			104,773

Cash and cash equivalents, end of period	$	9,098		$	2,849		$	49,212		$	—		$	61,159

Valuation And Qualifying Accounts

12 Months Ended

Sep. 30, 2011

Valuation And Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts

SPECTRUM BRANDS, INC. AND SUBSIDIARIES

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

For the year ended September 30, 2011, the year ended September 30, 2010, the period from August 31, 2009 through September 30, 2009 and the period from October 1, 2008 through August 30, 2009

(In thousands)


Column A	Column B		Column C Additions		Column D Deductions				Column E
Descriptions	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Other Adjustments(A)		Balance at End of Period
September 30, 2011 (Successor Company):
Accounts receivable allowances	$	4,351	$	9,777	$	—	$	—	$	14,128
September 30, 2010 (Successor Company):
Accounts receivable allowances	$	1,011	$	3,340	$	—	$	—	$	4,351
September 30, 2009 (Successor Company):
Accounts receivable allowances	$	—	$	1,011	$	—	$	—	$	1,011
August 30, 2009 (Predecessor Company):
Accounts receivable allowances	$	18,102	$	1,763	$	3,848	$	16,017	$	—

(A)	The "Other Adjustment" in the period from October 1, 2008 through August 30, 2009, represents the elimination of Accounts receivable allowances through fresh-start reporting as a result of the Company's emergence from Chapter 11 of the Bankruptcy Code.

Consolidated Statements Of Financial Position (Parenthetical) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2011	Sep. 30, 2010
Consolidated Statements Of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 14,128	$ 4,351

Amount of Gain (Loss)
Recognized in
Income on Derivatives

Location of Gain or (Loss)

Recognized in

Income on Derivatives

Foreign exchange contracts

Other expense (income), net