Rayovac 2013 Annual Report Download - page 101

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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
considering current and future earnings from international subsidiaries to be permanently reinvested, except for
in locations where the Company is precluded by certain restrictions from repatriating earnings.
For information pertaining to the reclassification of unrealized gains and losses on derivative instruments,
see Note 7, “Derivative Financial Instruments.”
The following is a roll forward of the amounts recorded in AOCI:
Fiscal
2013
Fiscal
2012
Fiscal
2011
Foreign Currency Translation Adjustments:
Beginning balance ................................................ $ (225) $ 8,377 $ 18,984
Gross change before reclassification adjustment ..................... (6,622) (8,602) (12,857)
Gross change after reclassification adjustment ...................... $ (6,622) $ (8,602) $(12,857)
Deferred tax effect ............................................ — — 2,742
Deferred tax valuation allowance ................................. — — (492)
Other Comprehensive Loss ................................. $ (6,622) $ (8,602) $(10,607)
Noncontrolling interest ......................................... 203 — —
Ending balance ................................................... $ (7,050) $ (225) $ 8,377
Unrealized Gains (Losses) on Cash Flow Hedges:
Beginning balance ................................................ $ 218 $ (1,327) $ (5,755)
Gross change before reclassification adjustment ..................... (2,013) (1,824) (5,992)
Net reclassification adjustment for (gains) losses included in earnings . . . (920) 3,097 13,422
Gross change after reclassification adjustment ...................... $ (2,933) $ 1,273 $ 7,430
Deferred tax effect ............................................ (234) (636) (2,671)
Deferred tax valuation allowance ................................. 658 908 (331)
Other Comprehensive Income ............................... $ (2,509) $ 1,545 $ 4,428
Ending balance ................................................... $ (2,291) $ 218 $ (1,327)
Defined Benefit Pension Plans:
Beginning balance ................................................ $(33,428) $(21,496) $(20,726)
Gross change before reclassification adjustment ..................... 8,097 (15,682) (6,344)
Net reclassification adjustment for losses (gains) included in Cost of
goods sold ................................................. 1,571 900 (174)
Net reclassification adjustment for (gains) losses included in Selling
expenses .................................................. (584) — 69
Net reclassification adjustment for losses included in General and
administrative expenses ...................................... 373 — 113
Gross change after reclassification adjustment ...................... $ 9,457 $(14,782) $ (6,336)
Deferred tax effect ............................................ (5,123) 3,632 2,037
Deferred tax valuation allowance ................................. (86) (782) 3,529
Other Comprehensive (Loss) Income ......................... $ 4,248 $(11,932) $ (770)
Ending balance ................................................... $(29,180) $(33,428) $(21,496)
Total Other Comprehensive Loss, net of tax .......................... $ (4,883) $(18,989) $ (6,949)
Total ending AOCI ............................................... $(38,521) $(33,435) $(14,446)
91