Rayovac 2009 Annual Report Download - page 56

Table of Contents
Index to Financial Statements
of the inventory revaluation, Home and Garden recognized $1 million in additional cost of goods sold in Fiscal 2009. The remaining $2 million of the
inventory revaluation will be recorded during the first quarter of Fiscal 2010.
Segment assets as of September 30, 2009 increased to $504 million from $290 million at September 30, 2008. The increase is primarily a result of the
revaluation impacts of fresh−start reporting. See Note 2, Voluntary Reorganization Under Chapter 11, of Notes to Consolidated Financial Statements
included in this Annual Report on Form 10−K for more information related to fresh−start reporting. Goodwill and intangible assets as of September 30,
2009 total approximately $419 million and are directly a result of the revaluation impacts of fresh−start reporting. Intangible assets as of September 30,
2008 total approximately $115 million and primarily relate to the acquisition of the United Industries division of United.
Corporate Expense. Our corporate expense in Fiscal 2009 decreased to $34 million from $45 million in Fiscal 2008. Our corporate expense as a
percentage of consolidated net sales in Fiscal 2009 decreased to 1.5% from 1.9%. The decrease in expense is partially a result of the non recurrence of a $9
million charge incurred in Fiscal 2008 to write off professional fees incurred in connection with the termination of substantive negotiations with a potential
purchaser of our Global Pet Supplies business.
Restructuring and Related Charges. See Note 17, Restructuring and Related Charges of Notes to Consolidated Financial Statements, included in this
Annual Report on Form 10−K for additional information regarding our restructuring and related charges.
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