Rayovac 2008 Annual Report Download - page 179
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Table of Contents
Index to Financial Statements
SPECTRUM BRANDS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
(18) Quarterly Results (unaudited)
Quarter Ended
September 30,
2008
June 29,
2008
March 30,
2008
December 30,
2007
Net sales $ 706,521 $ 729,663 $ 647,142 $ 604,684
Gross profit 254,895 261,420 234,599 217,682
Net loss (492,568) (283,862) (111,713) (43,402)
Basic net loss per common share $ (9.68) $ (5.58) $ (2.19) $ (0.85)
Diluted net loss per common share $ (9.68) $ (5.58) $ (2.19) $ (0.85)
Quarter Ended
September 30,
2007
July 1,
2007
April 1,
2007
December 31,
2006
Net sales $ 659,154 $ 659,982 $ 634,465 $ 611,086
Gross profit 237,716 253,865 223,816 218,275
Net loss (333,001) (7,388) (237,515) (18,809)
Basic net loss per common share $ (6.60) $ (0.15) $ (4.77) $ (0.38)
Diluted net loss per common share $ (6.60) $ (0.15) $ (4.77) $ (0.38)
(19) Consolidating Financial Statements
In connection with the acquisitions of Remington Products Company, L.L.C., United and Tetra, the Company completed debt offerings of Senior
Subordinated Notes. Payment obligations of the Senior Subordinated Notes are fully and unconditionally guaranteed on a joint and several basis by all of the
Company’s domestic subsidiaries.
The following consolidating financial data illustrates the components of the consolidated financial statements. 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.
174
Source: Spectrum Brands, Inc, 10-K, December 10, 2008