Rayovac 2013 Annual Report Download - page 128

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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
Geographic Disclosures—Net sales to external customers
2013 2012 2011
United States ............................................... $2,411,409 $1,772,138 $1,780,127
Outside the United States ..................................... 1,674,172 1,480,297 1,406,789
Total net sales to external customers ............................ $4,085,581 $3,252,435 $3,186,916
Geographic Disclosures—Long-lived assets (A)
September 30,
2013 2012
United States .......................................................... $3,218,523 $1,988,632
Outside the United States ................................................ 925,245 701,590
Long-lived assets at year end ............................................. $4,143,768 $2,690,222
(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 $5,055, 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 litigation matters generally arising out of the ordinary course of
business. The Company does not believe that any of the 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 leases. Future minimum rental commitments under non-cancelable operating leases, principally
pertaining to land, buildings and equipment, are as follows:
2014 ............................................................ $ 39,491
2015 ............................................................ 33,376
2016 ............................................................ 27,906
2017 ............................................................ 23,471
2018 ............................................................ 14,578
Thereafter ........................................................ 34,298
Total minimum lease payments ....................................... $173,120
All of the leases expire between October 2013 and July 2023. The Company’s total rent expense was
$41,829, $34,327 and $40,298 during Fiscal 2013, Fiscal 2012 and Fiscal 2011, respectively.
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