Rayovac 2011 Annual Report Download - page 142

Download and view the complete annual report

Please find page 142 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)
Geographic Disclosures—Net sales to external customers
Successor
Company
Predecessor
Company
2011 2010
Period from
August 31, 2009
through
September 30,
2009
Period from
October 1, 2008
through
August 30,
2009
United States ............................... $1,780,127 $1,444,779 $113,407 $1,166,920
Outside the United States ...................... 1,406,789 1,122,232 106,481 843,728
Total net sales to external customers ............. $3,186,916 $2,567,011 $219,888 $2,010,648
Geographic Disclosures—Long-lived assets (A)
September 30,
2011 2010
United States ................................................ $1,843,869 $1,884,995
Outside the United States ...................................... 734,549 788,897
Long-lived assets at year end ................................... $2,578,418 $2,673,892
(A) Includes all of the Company’s non-current assets.
(12) Commitments and Contingencies
The Company has provided for the estimated costs associated with environmental remediation activities at
some of its current and former manufacturing sites. The Company believes that any additional liability in excess
of the amounts provided of approximately $7,302, which may result from resolution of these matters, will not
have a material adverse effect on the financial condition, results of operations or cash flows of the Company.
The Company is a defendant in various other matters of litigation generally arising out of the ordinary
course of business.
The Company does not believe that any other matters or proceedings presently pending will have a material
adverse effect on its results of operations, financial condition, liquidity or cash flows.
The Company’s minimum rent payments under operating leases are recognized on a straight-line basis over
the term of the lease. Future minimum rental commitments under non-cancelable operating leases, principally
pertaining to land, buildings and equipment, are as follows:
2012 ............................................................ $ 30,859
2013 ............................................................ 24,262
2014 ............................................................ 18,337
2015 ............................................................ 12,180
2016 ............................................................ 10,625
Thereafter ........................................................ 27,878
Total minimum lease payments ....................................... $124,141
132