Restructuring And Related Charges

3 Months Ended

Dec. 30, 2012

Restructuring and Related Activities [Abstract]

Restructuring And Related Charges

RESTRUCTURING AND RELATED CHARGES

The Company reports restructuring and related charges associated with manufacturing and related initiatives in Cost of goods sold. Restructuring and related charges reflected in Cost of goods sold include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented.

The Company reports restructuring and related charges relating to administrative functions in Operating expenses, such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. 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 for the three month periods ended December 30, 2012 and January 1, 2012:

	Three Months Ended
	December 30, 2012		January 1, 2012
Cost of goods sold:
Global Batteries & Appliances	$	366	$	3,020
Global Pet Supplies	720		1,585
Total restructuring and related charges in cost of goods sold	1,086		4,605
Operating expenses:
Global Batteries & Appliances	956		877
Global Pet Supplies	4,230		1,290
Home and Garden Business	183		344
Corporate	133		609
Total restructuring and related charges in operating expenses	5,502		3,120
Total restructuring and related charges	$	6,588	$	7,725

Global Cost Reduction Initiatives Summary

During the fiscal year ended September 30, 2009, the Company implemented a series of initiatives within the Global Batteries & Appliances segment, the Global Pet Supplies segment and the Home and Garden Business segment to reduce operating costs, and to evaluate opportunities to improve the Company’s capital structure (the “Global Cost Reduction Initiatives”). These initiatives included headcount reductions and the exit of certain facilities within each of the Company’s segments. These initiatives also included consultation, legal and accounting fees related to the evaluation of the Company’s capital structure. Costs associated with these initiatives, which are expected to be incurred through January 31, 2015, are projected to total approximately $98,000.

The Company recorded $6,471 and $7,129 of pretax restructuring and related charges during the three month periods ended December 30, 2012 and January 1, 2012, respectively, related to the Global Cost Reduction Initiatives.

The following table summarizes the remaining accrual balance associated with the Global Cost Reduction Initiatives and the activity during the three month period ended December 30, 2012:

	Termination Benefits			Other Costs			Total
Accrual balance at September 30, 2012	$	3,252		$	1,095		$	4,347
Provisions	3,813			103			3,916
Cash expenditures	(1,484		)	(303		)	(1,787		)
Non-cash items	26			28			54
Accrual balance at December 30, 2012	$	5,607		$	923		$	6,530
Expensed as incurred (A)	$	185		$	2,370		$	2,555

 ______________________________

(A) Consists of amounts not impacting the accrual for restructuring and related charges.

The following table summarizes the expenses incurred during the three month period ended December 30, 2012, the cumulative amount incurred to date and the total future expected costs to be incurred associated with the Global Cost Reduction Initiatives by operating segment:

	Global Batteries & Appliances		Global Pet Supplies		Home and Garden Business		Corporate		Total
Restructuring and related charges during the three month period ended December 30, 2012	$	1,337	$	4,951	$	183	$	—	$	6,471
Restructuring and related charges since initiative inception	$	22,146	$	41,949	$	17,803	$	7,591	$	89,489
Total future restructuring and related charges expected	$	1,392	$	5,520	$	1,342	$	—	$	8,254

In connection with other restructuring efforts, the Company recorded $117 and $596 of pretax restructuring and related charges during the three month periods ended December 30, 2012, and January 1, 2012, respectively.