Acquisitions (Tables)

6 Months Ended

Mar. 31, 2014

The following table reflects the Company’s pro forma results as if the Hardware Acquisition and the acquisition of the Company's interest in the EXCO/HGI JV were completed on October 1, 2012 and the results of the HHI Business and the EXCO/HGI JV had been included in the full three and six months ended March 31, 2013.



	March 31, 2013
	Three months ended			Six months ended
Revenues:
Reported revenues	$	1,411.1		$	2,633.4
HHI adjustment	—			191.8
EXCO/HGI JV adjustment	17.1			53.7
Pro forma revenues	$	1,428.2		$	2,878.9

Net income:
Reported net income	$	(50.5	)	$	17.6
HHI adjustment	—			4.9
EXCO/HGI JV adjustment	(0.9		)	(0.5		)
Pro forma net income	$	(51.4	)	$	22.0

Basic net income per common share attributable to controlling interest:
Reported net income per common share	$	(0.33	)	$	0.08
HHI adjustment	—			0.04
EXCO/HGI JV adjustment	(0.01		)	—
Pro forma net income per common share	$	(0.34	)	$	0.12

Diluted net income per common share attributable to controlling interest:
Reported diluted net income per common share	$	(0.33	)	$	0.06
HHI adjustment	—			0.02
EXCO/HGI JV adjustment	(0.01		)	—
Pro forma diluted net income per common share	$	(0.34	)	$	0.08

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The preliminary fair values recorded for the assets acquired and liabilities assumed for Liquid Fence are as follows:



	Preliminary Valuation
	March 31, 2014
Cash	$	—
Accounts Receivable	1.2
Inventories	2.2
Other assets	0.1
Intangible assets	26.9
Total assets acquired	30.4
Total liabilities assumed	1.6
Total identifiable net assets	28.8
Goodwill	7.0
Total identifiable net assets	$	35.8

The following table summarizes the consideration paid by Spectrum Brands for Liquid Fence:



	January 2, 2014
Cash paid to seller at close	$	24.8
Promissory note due to seller	9.5
Contingent liability	1.5
Preliminary purchase price	$	35.8