Rayovac 2009 Annual Report Download - page 197

Table of Contents
Index to Financial Statements SPECTRUM BRANDS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
(A) Fiscal 2007 does not include depreciation and amortization expense associated with the Home and Garden Business as, in accordance with ASC 360,
the Home and Garden Business was designated a discontinued operation in Fiscal 2007. Fiscal 2008 includes depreciation and amortization expense
of $10,821 related to Fiscal 2007 as a result of the reclassification of the Home and Garden Business as a continuing operation during Fiscal 2008.
(B) The one month period ended September 30, 2009 includes increased depreciation and amortization of $1,655 and $1,703, respectively, related to
valuation of the Company’s assets during fresh−start reporting. (See also Note 2, Voluntary Reorganization Under Chapter 11, for additional
information regarding fresh−start reporting).
Segment profit
Successor
Company Predecessor Company
One Month
Ended
September 30,
2009
Eleven Months
Ended
August 30,
2009 2008 2007
Global Batteries & Personal Care $ 5,675 $ 159,400 $ 162,889 $ 143,850
Global Pet Supplies 3,178 61,455 68,885 71,038
Home and Garden(A) (4,573) 46,458 29,458 40,671
Total segments 4,280 267,313 261,232 255,559
Corporate expenses 2,443 32,037 45,246 46,902
Restructuring and related charges 1,729 44,080 39,337 98,026
Goodwill and intangibles impairment — 34,391 861,234 362,452
Interest expense(B) 16,962 172,940 229,013 255,765
Other (income) expense, net (815) 3,320 1,220 (331)
Loss from continuing operations before reorganization items income taxes $ (16,039) $ (19,455) $(914,818) $(507,255)
(A) Fiscal 2007 does not include depreciation and amortization expense associated with the Home and Garden Business as, in accordance with ASC 360,
the Home and Garden Business was designated a discontinued operation in Fiscal 2007. Fiscal 2008 includes depreciation and amortization expense
of $10,821 related to Fiscal 2007 as a result of the reclassification of the Home and Garden Business from a discontinued operation to a continuing
operation during Fiscal 2008.
(B) Fiscal 2007 includes $24,576 in debt issuance costs and $11,649 in prepayment penalties in connection with the refinancing of the Predecessor
Company’s previously existing senior credit facilities and the exchange of a portion of the Predecessor Company’s outstanding 8 1/2 Notes for the
Variable Rate Notes pursuant to the terms of an exchange offer, both of which occurred on March 30, 2007. (See also Note 8, Debt, for additional
information related to the Company’s refinancing).
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