Rayovac 2012 Annual Report Download - page 105
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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(In thousands, except per share amounts)
employees, integration related professional fees and other post business combination expenses associated with
mergers and acquisitions.
The following table summarizes acquisition and integration related charges incurred by the Company during
Fiscal 2012, Fiscal 2011 and Fiscal 2010:
2012 2011 2010
Russell Hobbs
Integration costs ......................................... $10,168 $23,084 $ 3,777
Employee termination charges .............................. 3,900 8,105 9,713
Legal and professional fees ................................ 1,495 4,883 24,962
Merger related Acquisition and integration related charges ....... $15,563 $36,072 $38,452
FURminator ........................................... 7,938 — —
Black Flag ............................................. 3,379 — —
Other ................................................. 4,186 531 —
Total Acquisition and integration related charges ............... $31,066 $36,603 $38,452
(3) Inventory
Inventories consist of the following:
September 30,
2012 2011
Raw materials .................................................. $ 58,515 $ 59,928
Work-in-process ................................................ 23,434 25,465
Finished goods .................................................. 370,684 349,237
$452,633 $434,630
(4) Property, Plant and Equipment
Property, plant and equipment consist of the following:
September 30,
2012 2011
Land, buildings and improvements .................................. $ 88,580 $101,303
Machinery, equipment and other .................................... 247,065 202,309
Construction in progress .......................................... 18,366 10,134
354,011 313,746
Less accumulated depreciation ..................................... 139,994 107,357
$214,017 $206,389
95