Rayovac 2014 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2014 Rayovac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
The following is a roll forward of the amounts recorded in AOCI:
Fiscal
2014
Fiscal
2013
Fiscal
2012
Foreign Currency Translation Adjustments:
Beginning balance ................................................ $ (7,050) $ (225) $ 8,377
Gross change before reclassification adjustment ..................... (32,528) (6,622) (8,602)
Gross change after reclassification adjustment ...................... $(32,528) $ (6,622) $ (8,602)
Deferred tax effect ............................................ — — —
Deferred tax valuation allowance ................................. — — —
Other Comprehensive Income (Loss) ......................... $(32,528) $ (6,622) $ (8,602)
Noncontrolling interest ......................................... (61) 203 —
Comprehensive income (loss) attributable to controlling interest ............ $(39,517) $ (7,050) $ (225)
Derivative Hedging Instruments:
Beginning balance ................................................ $ (2,291) $ 218 $ (1,327)
Gross change before reclassification adjustment ..................... 13,154 (2,013) (1,824)
Net reclassification adjustment for (gains) losses included in earnings . . . 2,557 (920) 3,097
Gross change after reclassification adjustment ...................... $15,711 $ (2,933) $ 1,273
Deferred tax effect ............................................ (4,225) (234) (636)
Deferred tax valuation allowance ................................. 45 658 908
Other Comprehensive Income (Loss) ......................... $11,531 $ (2,509) $ 1,545
Ending balance ................................................... 9,240 $ (2,291) $ 218
Defined Benefit Pension Plans:
Beginning balance ................................................ $(29,180) $(33,428) $(21,496)
Gross change before reclassification adjustment ..................... (6,600) 8,097 (15,682)
Net reclassification adjustment for losses included in Cost of goods
sold ...................................................... 582 1,571 900
Net reclassification adjustment for (gains) losses included in Selling
expenses .................................................. 295 (584) —
Net reclassification adjustment for losses included in General and
administrative expenses ...................................... 491 373 —
Gross change after reclassification adjustment ...................... $ (5,232) $ 9,457 $(14,782)
Deferred tax effect ............................................ 2,954 (5,123) 3,632
Deferred tax valuation allowance ................................. (1,339) (86) (782)
Other Comprehensive Income (Loss) ......................... $ (3,617) $ 4,248 $(11,932)
Ending balance ................................................... $(32,797) $(29,180) $(33,428)
Total Other Comprehensive Income (Loss), net of tax .................. $(24,614) $ (4,883) $(18,989)
Total ending AOCI ............................................... $(63,074) $(38,521) $(33,435)
86