Rayovac 2009 Annual Report Download - page 138

Table of Contents
Index to Financial Statements SPECTRUM BRANDS, INC. AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity (Deficit) and Comprehensive Income (Loss)−Continued
(In thousands)
Common Stock Additional
Paid−In
Capital Accumulated
Deficit
Accumulated
Other
Comprehensive
Income,
net of tax Treasury Stock
Total
Shareholders’
Equity
(Deficit)
Shares Amount
Balances at September 30, 2008, Predecessor
Company 52,775 $ 692 $ 674,370 $(1,694,915) $ 69,445 $(76,830) $(1,027,238)
Net 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 1,025,088
Issuance of restricted stock 230 (1) 1 — — — —
Forfeiture of restricted stock (82) — — — — — —
Treasury shares surrendered (185) — — — — (61) (61)
Amortization of unearned compensation — — 2,636 — — — 2,636
Cancellation of Predecessor Company common
stock (52,738) (691) (677,007) — — 76,891 (600,807)
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 30,000 300 724,796 — — — 725,096
Balances at August 30, 2009, Successor Company 30,000 $ 300 $ 724,796 $ — $ — $ — $ 725,096
Balances at August 30, 2009, Successor Company 30,000 $ 300 $ 724,796 $ — $ — $ — $ 725,096
Net loss — — — (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 loss (64,217)
Balances at September 30, 2009, Successor
Company 30,000 $ 300 $ 724,796 $ (70,785) $ 6,568 $ — $ 660,879
See accompanying notes to consolidated financial statements.
135