Acquisitions (Tables)

9 Months Ended

Jun. 30, 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 Compass were completed on October 1, 2012 and the results of the HHI Business and Compass had been included in the full three and nine months ended June 30, 2013.



	June 30, 2013
	Three months ended		Nine months ended
Revenues:
Reported revenues	$	1,409.2	$	4,042.6
HHI adjustment	—		191.8
Compass adjustment	—		53.7
Pro forma revenues	$	1,409.2	$	4,288.1

Net income:
Reported net income	$	118.7	$	136.3
HHI adjustment	—		4.9
Compass adjustment	—		(0.5		)
Pro forma net income	$	118.7	$	140.7

Basic net income per common share attributable to controlling interest:
Reported net income per common share	$	0.45	$	0.54
HHI adjustment	—		0.04
Compass adjustment	—		—
Pro forma net income per common share	$	0.45	$	0.58

Diluted net income per common share attributable to controlling interest:
Reported diluted net income per common share	$	0.25	$	0.30
HHI adjustment	—		0.02
Compass adjustment	—		—
Pro forma diluted net income per common share	$	0.25	$	0.32

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

The following table summarizes the consideration paid for FOH by the Company:



	May 30, 2014
Fair value of previously held equity interest (Series B preferred stock)	$	12.0
Series A preferred stock purchase	1.5
Preliminary purchase price	$	13.5

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



	Preliminary Valuation
	January 2, 2014
Cash	$	—
Accounts receivable	1.2
Inventories	2.2
Property, plant and equipment, net	0.1
Intangible assets	26.9
Total assets acquired	30.4
Total liabilities assumed	1.6
Total identifiable net assets less goodwill	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