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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
(5) GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets of the Company consist of the following:
Global Batteries &
Appliances
Hardware &
Home
Improvement
Global Pet
Supplies
Home and
Garden
Business Total
Goodwill:
Balances at September 30, 2011 ......... $268,148 $ — $170,285 $171,905 $ 610,338
Additions ........................... — — 70,023 15,852 85,875
Effect of translation .................. 408 — (2,376) — (1,968)
Balances at September 30, 2012 ......... $268,556 $ — $237,932 $187,757 $ 694,245
Additions ........................... 67,149 717,853 — 1,614 786,616
Effect of translation .................. (2,205) (3,129) 1,145 — (4,189)
Balances at September 30, 2013 ......... $333,500 $714,724 $239,077 $189,371 $1,476,672
Intangible Assets:
Trade names Not Subject to Amortization
Balances at September 30, 2011 ......... $545,804 $ — $205,491 $ 75,500 $ 826,795
Additions ........................... — — 14,000 8,000 22,000
Reclassification to intangible assets subject
to amortization .................... (920) — (2,530) — (3,450)
Effect of translation .................. 542 — (4,819) — (4,277)
Balances at September 30, 2012 ......... $545,426 $ — $212,142 $ 83,500 $ 841,068
Additions ........................... — 331,000 — — 331,000
Effect of translation .................. 1,927 (229) 4,284 — 5,982
Balances at September 30, 2013 ......... $547,353 $330,771 $216,426 $ 83,500 $1,178,050
Intangible Assets Subject to Amortization
Balance at September 30, 2011, net ...... $481,473 $ — $219,243 $156,398 $ 857,114
Additions ........................... — — 65,118 17,000 82,118
Reclassification from intangible assets not
subject to amortization .............. 920 — 2,530 — 3,450
Amortization during period ............ (32,892) — (19,503) (11,271) (63,666)
Effect of translation .................. (2,389) — (2,766) — (5,155)
Balance at September 30, 2012, net ...... $447,112 $ — $264,622 $162,127 $ 873,861
Additions ........................... 29,379 158,100 802 — 188,281
Amortization during period ............ (35,553) (11,372) (21,379) (9,475) (77,779)
Effect of translation .................. (162) (267) 1,182 — 753
Balance at September 30, 2013, net ...... $440,776 $146,461 $245,227 $152,652 $ 985,116
Total Intangible Assets, net at
September 30, 2013 ................ $988,129 $477,232 $461,653 $236,152 $2,163,166
Intangible assets subject to amortization include proprietary technology, customer relationships and certain
trade names, which were recognized in connection with acquisitions and from the application of fresh-start
reporting in the fiscal year ended September 20, 2009. The useful lives of the Company’s intangible assets
subject to amortization are 9 to 17 years for proprietary technology assets associated with the Global Batteries &
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