Rayovac 2011 Annual Report Download - page 114

Download and view the complete annual report

Please find page 114 of the 2011 Rayovac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 170

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170

SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(In thousands, except per share amounts)
Reorganization items are presented separately in the accompanying Consolidated Statements of Operations
and represent amounts that the Company has identified as directly relating to the bankruptcy cases.
Reorganization items expense (income), net during Fiscal 2010 and during the period from August 31, 2009
through September 30, 2009 and the period from October 1, 2008 through August 30, 2009 are summarized as
follows:
Successor Company Predecessor Company
Year Ended
September 30,
2010
Period from
August 31,
2009 through
September 30,
2009
Period from
October 1,
2008 through
August 30,
2009
Legal and professional fees ................. $3,536 $3,962 $ 74,624
Deferred financing costs ................... — — 10,668
Provision for rejected leases ................ 110 — 6,020
Administrative related reorganization items .... $3,646 $3,962 $ 91,312
Gain on cancellation of debt ................ — — (146,555)
Fresh-start reporting adjustments ............ — — (1,087,566)
Reorganization items expense (income), net . . . $3,646 $3,962 $(1,142,809)
The Company did not recognize any reorganization expenses during Fiscal 2011.
(3) Inventory
Inventories consist of the following:
September 30,
2011 2010
Raw materials .................................................. $ 59,928 $ 62,857
Work-in-process ................................................ 25,465 28,239
Finished goods .................................................. 349,237 439,246
$434,630 $530,342
(4) Property, Plant and Equipment
Property, plant and equipment consist of the following:
September 30,
2011 2010
Land, buildings and improvements ............................................ $101,303 $ 79,935
Machinery, equipment and other .............................................. 202,309 157,172
Construction in progress .................................................... 10,134 24,037
313,746 261,144
Less accumulated depreciation ............................................... 107,357 59,980
$206,389 $201,164
104