Rayovac 2010 Annual Report Download - page 105
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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity (Deficit) and Comprehensive Income (Loss)
(In thousands)
Common Stock Additional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Income (Loss),
net of tax
Treasury
Stock
Total
Shareholders’
Equity
(Deficit)Shares Amount
Balances at September 30, 2007,
Predecessor Company ........ 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,
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 ......... 1,025,052
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
See accompanying notes to consolidated financial statements.
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