Rayovac 2012 Annual Report Download - page 135
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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(In thousands, except per share amounts)
Restructuring and related charges reflected in Operating expenses include, but are not limited to, termination and
related costs, any asset impairments relating to the functional areas described above, and other costs directly
related to the initiatives.
The following table summarizes restructuring and related charges incurred by segment:
2012 2011 2010
Cost of goods sold:
Global Batteries & Appliances ......................................... $ 5,094 $ 756 $ 3,275
Global Pet Supplies ................................................. 4,741 7,085 3,837
Home and Garden Business ........................................... — — 38
Total restructuring and related charges in cost of goods sold ................. $ 9,835 $ 7,841 $ 7,150
Operating expense:
Global Batteries & Appliances ......................................... $ 2,487 $ 5,338 $ 251
Global Pet Supplies ................................................. 5,395 9,567 2,917
Home and Garden Business ........................................... 912 2,704 8,419
Corporate ......................................................... 962 3,194 5,381
Total restructuring and related charges in operating expense ................. $ 9,756 $20,803 $16,968
Total restructuring and related charges .................................. $19,591 $28,644 $24,118
The following table summarizes restructuring and related charges incurred by type of charge:
2012 2011 2010
Costs included in cost of goods sold:
Global Cost Reduction initiatives:
Termination benefits ............................................ $ 2,941 $ 1,679 $ 2,630
Other associated costs ........................................... 6,894 5,889 2,273
Other restructuring initiatives:
Termination benefits ............................................ — — 201
Other associated costs ........................................... — 273 2,046
Total included in cost of goods sold .................................... $ 9,835 $ 7,841 $ 7,150
Costs included in operating expenses:
Global Cost Reduction initiatives:
Termination benefits ............................................ $ 3,079 $10,155 $ 4,268
Other associated costs ........................................... 5,776 7,761 9,272
Other restructuring initiatives:
Termination benefits ................................................ — 956 5,269
Other associated costs ............................................... 901 1,931 (1,841)
Total included in operating expenses .................................... $ 9,756 $20,803 $16,968
Total restructuring and related charges .................................. $19,591 $28,644 $24,118
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