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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
Changes in AOCI from Derivative Instruments
For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the
effective portion of the derivative is reported as a component of Accumulated Other Comprehensive Income
(“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transaction
affects earnings. Gains and losses on derivatives representing either hedge ineffectiveness or hedge components
excluded from the assessment of effectiveness are recognized in current earnings.
The following table summarizes the impact of derivative instruments on the accompanying Consolidated
Statement of Operations for Fiscal 2014, pretax:
Derivatives in ASC 815 Cash Flow
Hedging Relationships
Amount of
Gain (Loss)
Recognized in
AOCI on
Derivatives
(Effective Portion)
Location of
Gain (Loss)
Reclassified from
AOCI into
Income
(Effective Portion)
Amount of
Gain (Loss)
Reclassified from
AOCI into Income
(Effective Portion)
Location of
Gain (Loss)
Recognized in
Income on
Derivatives
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing)
Amount of
Gain (Loss)
Recognized in
Income on
Derivatives
(Ineffective Portion
and Amount
Excluded from
Effectiveness Testing)
Interest rate contracts ................ $(1,610) Interest expense $ (906) Interest expense $—
Commodity contracts ................ 1,933 Cost of goods sold 763 Cost of goods sold (14)
Foreign exchange contracts ........... 147 Netsales 210 Net sales —
Foreign exchange contracts ........... 12,684 Cost of goods sold (2,624) Cost of goods sold —
Total ......................... $13,154 $(2,557) $ (14)
The following table summarizes the impact of derivative instruments on the accompanying Consolidated
Statement of Operations for Fiscal 2013, pretax:
Derivatives in ASC 815 Cash Flow
Hedging Relationships
Amount of
Gain (Loss)
Recognized in
AOCI on
Derivatives
(Effective Portion)
Location of
Gain (Loss)
Reclassified from
AOCI into
Income
(Effective Portion)
Amount of
Gain (Loss)
Reclassified from
AOCI into Income
(Effective Portion)
Location of
Gain (Loss)
Recognized in
Income on
Derivatives
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing)
Amount of
Gain (Loss)
Recognized in
Income on
Derivatives
(Ineffective Portion
and Amount
Excluded from
Effectiveness Testing)
Commodity contracts ................ $(2,615) Cost of goods sold $(632) Cost of goods sold $ (39)
Foreign exchange contracts ........... 884 Netsales 920 Net sales —
Foreign exchange contracts ........... (282) Cost of goods sold 632 Cost of goods sold —
Total ......................... $(2,013) $ 920 $ (39)
100