Rayovac 2009 Annual Report Download - page 180

Table of Contents
Index to Financial Statements SPECTRUM BRANDS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
division of the Home and Garden Business in order to reflect the estimated fair value of this business. Approximately $14,122 of this charge related to
impaired goodwill, approximately $9,136 related to impaired trade name intangible assets, and approximately $4,249 related to impaired customer
relationship intangibles. (See also Note 10, Discontinued Operations, for additional information relating to this impairment charge).
The amortization expense related to intangibles subject to amortization for the Successor Company for the one month period ended September 30,
2009, Predecessor Company for the eleven month period ended August 30, 2009, Fiscal 2008 and Fiscal 2007 is as follows:
Successor
Company Predecessor Company
One Month
Ended
September 30,
2009
Eleven Months
Ended
August 30,
2009 2008(A) 2007(A)
Proprietary technology amortization $ 515 $ 3,448 $ 3,934 $ 3,601
Customer list amortization 2,988 14,920 23,327 9,737
Trade names amortization 10 731 426 508
$ 3,513 $ 19,099 $27,687 $13,846
(A) Fiscal 2007 does not include amortization expense associated with the Home and Garden Business, as the Home and Garden Business was designated
a discontinued operation in Fiscal 2007, in accordance with ASC 360. Fiscal 2008 includes amortization expense related to Fiscal 2007, as a result of
the reclassification of the Home and Garden Business as a continuing operation during Fiscal 2008. (See also Note 12, Segment Results, for further
details on amortization expense related to the Home and Garden Business).
The Company estimates annual amortization expense for the next five fiscal years will approximate $41,500 per year.
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