Rayovac 2010 Annual Report Download - page 176

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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
Supplemental Pro Forma Information (unaudited)
The following reflects the Company’s pro forma results had the results of Russell Hobbs been included for
all periods beginning after September 30, 2007.
Successor Company Predecessor Company
2010
Period from
August 31, 2009
through
September 30,
2009
Period from
October 1, 2008
through
August 30,
2009 2008
Net sales:
Reported Net sales ............................ $2,567,011 $219,888 $2,010,648 $2,426,571
Russell Hobbs adjustment ...................... 543,952 64,641 711,046 909,426
Pro forma Net sales ........................... $3,110,963 $284,529 $2,721,694 $3,335,997
(Loss) income from continuing operations:
Reported (Loss) income from continuing
operations ................................. $ (187,372) $ (71,193) $1,100,743 $ (905,358)
Russell Hobbs adjustment ...................... (5,504) (2,284) (25,121) (43,480)
Pro forma Loss from continuing operations ........ $ (192,876) $ (73,477) $1,075,622 $ (948,838)
Basic and Diluted earnings per share from
continuing operations(A) :
Reported Basic and Diluted earnings per share from
continuing operations ........................ $ (5.20) $ (2.37) $ 21.45 $ (17.78)
Russell Hobbs adjustment ...................... (0.16) (0.08) (0.49) (0.85)
Pro forma basic and diluted earnings per share from
continuing operations ........................ $ (5.36) $ (2.45) $ 20.96 $ (18.63)
(A) The Company has not assumed the exercise of common stock equivalents as the impact would be
antidilutive.
(16) Quarterly Results (unaudited)
Successor Company
Quarter Ended
September 30,
2010
July 4,
2010
April 4,
2010
January 3,
2010
Net sales ........................................... $788,999 $653,486 $532,586 $591,940
Gross profit ......................................... 274,499 252,869 209,580 184,462
Net loss ............................................ (24,317) (86,507) (19,034) (60,249)
Basic net loss per common share ........................ $ (0.48) $ (2.53) $ (0.63) $ (2.01)
Diluted net loss per common share ....................... $ (0.48) $ (2.53) $ (0.63) $ (2.01)
166