Rayovac 2008 Annual Report Download - page 131

Table of Contents
Index to Financial Statements
SPECTRUM BRANDS, INC. AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity (Deficit) and Comprehensive Income (Loss)
Years ended September 30, 2008, 2007 and 2006
(In thousands)
Common Stock
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income,
net of tax
Treasury
Stock
Total
Shareholders’
Equity
(Deficit)
Shares Amount
Balances at September 30, 2005 50,797 $ 666 $ 635,309 $ 267,315 $ 10,260 $ (70,820) $ 842,730
Net loss — — — (433,972) — — (433,972)
Adjustment of additional minimum pension liability — — — — 7,034 — 7,034
Translation adjustment — — — — 14,261 — 14,261
Net gain on derivative instruments — — — — 8,084 — 8,084
Comprehensive loss (404,593)
Issuance of restricted stock 965 10 (10) — — — —
Forfeiture of restricted stock (196) (2) 2 — — — —
Exercise of stock options 28 — 445 — — — 445
Stock option expense — — 729 — — — 729
Treasury shares surrendered (103) — — — — (2,263) (2,263)
Amortization of unearned compensation — — 15,169 — — — 15,169
Balances at September 30, 2006 51,491 $ 674 $ 651,644 $ (166,657) $ 39,639 $ (73,083) $ 452,217
Net loss — — — (596,713) — — (596,713)
Adjustment of additional minimum pension liability — — — — 5,954 — 5,954
Valuation allowance adjustment — — — — (4,938) — (4,938)
Translation adjustment — — — — 44,489 — 44,489
Other unrealized gains and losses — — — — (17,580) — (17,580)
Comprehensive loss (568,788)
Adoption of FAS 158, net of tax — — — — (1,900) — (1,900)
Issuance of restricted stock 1,689 15 (15) — — — —
Forfeiture of restricted stock (199) — — — — — —
Exercise of stock options 149 1 690 — — — 691
Stock option expense — — 115 — — — 115
Adjustment for tax benefit realized — — (4,374) — — — (4,374)
Treasury shares surrendered (365) — — — — (3,003) (3,003)
Amortization of unearned compensation — — 21,214 — — — 21,214
Balances at September 30, 2007 52,765 $ 690 $ 669,274 $ (763,370) $ 65,664 $ (76,086) $ (103,828)
Net loss — — — (931,545) — — (931,545)
Adjustment of additional minimum pension liability — — — — 2,459 — 2,459
Valuation allowance adjustment — — — — (4,060) — (4,060)
Translation adjustment — — — — 5,236 — 5,236
Other unrealized gains and losses — — — — 146 — 146
Comprehensive loss (927,764)
Issuance of restricted stock 408 4 (4) — — — —
Forfeiture of restricted stock (268) (2) 2 — — — —
Treasury shares surrendered (130) — — — — (744) (744)
Amortization of unearned compensation — — 5,098 — — — 5,098
Balances at September 30, 2008 52,775 $ 692 $ 674,370 $ (1,694,915) $ 69,445 $ (76,830) $ (1,027,238)
See accompanying notes to consolidated financial statements.
126
Source: Spectrum Brands, Inc, 10-K, December 10, 2008