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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
The following table summarizes acquisition and integration related charges incurred by the Company during
Fiscal 2014, Fiscal 2013 and Fiscal 2012:
2014 2013 2012
Russell Hobbs
Legal and professional fees ............................ 9 39 1,495
Integration costs ..................................... 2,421 $ 3,452 $10,168
Employee termination charges .......................... 30 217 3,900
Russell Hobbs Acquisition and integration related charges ........ $ 2,460 $ 3,708 $15,563
HHI Business
Legal and professional fees ............................ 2,192 27,712 —
Integration costs ..................................... 8,691 8,864 —
Employee termination charges .......................... 155 356 —
HHI Business Acquisition and integration related charges ........ $11,038 $36,932 $ —
Liquid Fence ........................................... 3,475 — —
Shaser ................................................ 930 4,828 —
FURminator ........................................... 53 2,270 7,938
Black Flag ............................................. — 154 3,379
Other ................................................. 2,146 553 4,186
Total Acquisition and integration related charges ............... $20,102 $48,445 $31,066
(3) INVENTORIES
Inventories consist of the following:
September, 30
2014 2013
Raw materials .................................................. $104,129 $ 97,290
Work-in-process ................................................ 35,259 40,626
Finished goods .................................................. 485,147 495,007
$624,535 $632,923
(4) PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following:
September, 30
2014 2013
Land, buildings and improvements ................................ $159,811 $ 164,654
Machinery, equipment and other .................................. 402,931 338,335
Capitalized leases .............................................. 98,461 66,791
Construction in progress ......................................... 32,199 46,668
$ 693,402 $ 616,448
Accumulated depreciation ....................................... (264,525) (203,897)
$ 428,877 $ 412,551
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