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Quarterly Results (Unaudited) Quarterly Results (Unaudited) (Tables)
12 Months Ended
Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Quarter Ended
 
 
September 30,
 
June 30,
 
March 31,
 
December 31,
 
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2016
 
2015
Net sales
 
$
787.8

 
$
729.6

 
$
862.9

 
$
907.6

 
$
756.5

 
$
784.7

 
$
602.3

 
$
607.5

Total revenues
 
787.8

 
729.7

 
863.0

 
908.8

 
757.2

 
786.3

 
602.6

 
613.5

Net consumer and other product gross profit
 
310.0

 
305.1

 
320.1

 
376.2

 
306.8

 
320.5

 
239.1

 
235.9

Net (loss) income from continuing operations
 
(23.3
)
 
(24.1
)
 
3.8

 
328.2

 
(7.4
)
 
(117.5
)
 
(42.3
)
 
(119.0
)
Income (loss) from discontinued operations, net of tax
 
47.3

 
60.3

 
36.0

 
(421.2
)
 
(44.0
)
 
133.4

 
303.1

 
126.0

Net income (loss)
 
24.0

 
36.2

 
39.8

 
(93.0
)
 
(51.4
)
 
15.9

 
260.8

 
7.0

Net income (loss) attributable to controlling interest
 
(26.2
)
 
(7.3
)
 
2.1

 
(132.9
)
 
(82.1
)
 
(24.7
)
 
212.2

 
(33.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic loss from continuing operations
 
$
(0.16
)
 
(0.27
)
 
$
(0.09
)
 
$
0.96

 
$
(0.12
)
 
$
(0.46
)
 
$
(0.24
)
 
$
(0.46
)
Basic income (loss) from discontinued operations
 
0.03

 
0.23

 
0.10

 
(1.63
)
 
(0.29
)
 
0.34

 
1.30

 
0.28

Basic
 
$
(0.13
)
 
$
(0.04
)
 
$
0.01

 
$
(0.67
)
 
$
(0.41
)
 
$
(0.12
)
 
$
1.06

 
$
(0.18
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss from continuing operations
 
$
(0.16
)
 
$
(0.27
)
 
$
(0.09
)
 
$
0.95

 
$
(0.12
)
 
$
(0.46
)
 
$
(0.24
)
 
$
(0.46
)
Diluted income (loss) from discontinued operations
 
0.03

 
0.23

 
0.10

 
(1.60
)
 
(0.29
)
 
0.34

 
1.30

 
0.28

Diluted
 
$
(0.13
)
 
$
(0.04
)
 
$
0.01

 
$
(0.65
)
 
$
(0.41
)
 
$
(0.12
)
 
$
1.06

 
$
(0.18
)
 
 
Quarter Ended September 30, 2017
 
Quarter Ended September 30, 2016
 
 
Reported
 
Adjustment
 
As Revised
 
Reported
 
Adjustment
 
As Revised
Net sales
 
$
1,321.8

 
$
(534.0
)
 
$
787.8

 
$
1,249.7

 
$
(520.1
)
 
$
729.6

Total revenues
 
1,321.8

 
(534.0
)
 
787.8

 
1,249.8

 
(520.1
)
 
729.7

Net consumer and other product gross profit
 
496.3

 
(186.3
)
 
310.0

 
485.7

 
(180.6
)
 
305.1

Net (loss) income from continuing operations
 
49.1

 
(72.4
)
 
(23.3
)
 
(8.3
)
 
(15.8
)
 
(24.1
)
Income (loss) from discontinued operations, net of tax
 
(25.1
)
 
72.4

 
47.3

 
44.5

 
15.8

 
60.3

Net income (loss)
 
24.0

 
$

 
24.0

 
36.2

 

 
36.2

Net income (loss) attributable to controlling interest
 
(26.2
)
 

 
(26.2
)
 
(7.3
)
 

 
(7.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
Basic loss from continuing operations
 
$
0.05

 
$
(0.21
)
 
$
(0.16
)
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.27
)
Basic income (loss) from discontinued operations
 
(0.18
)
 
0.21

 
0.03

 
0.19

 
0.04

 
0.23

Basic
 
$
(0.13
)
 
$

 
$
(0.13
)
 
$
(0.04
)
 
$

 
$
(0.04
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss from continuing operations
 
$
0.05

 
$
(0.21
)
 
$
(0.16
)
 
$
(0.23
)
 
$
(0.04
)
 
$
(0.27
)
Diluted income (loss) from discontinued operations
 
(0.18
)
 
0.21

 
0.03

 
0.19

 
0.04

 
0.23

Diluted
 
$
(0.13
)
 
$

 
$
(0.13
)
 
$
(0.04
)
 
$

 
$
(0.04
)
 
 
Quarter Ended June 30, 2017
 
Quarter Ended June 30, 2016
 
 
Reported
 
Adjustment
 
As Revised
 
Reported
 
Adjustment
 
As Revised
Net sales
 
$
1,303.9

 
$
(441.0
)
 
$
862.9

 
$
1,361.6

 
$
(454.0
)
 
$
907.6

Total revenues
 
1,304.0

 
(441.0
)
 
863.0

 
1,362.8

 
(454.0
)
 
908.8

Net consumer and other product gross profit
 
473.3

 
(153.2
)
 
320.1

 
530.7

 
(154.5
)
 
376.2

Net (loss) income from continuing operations
 
32.1

 
(28.3
)
 
3.8

 
92.5

 
235.7

 
328.2

Income (loss) from discontinued operations, net of tax
 
7.7

 
28.3

 
36.0

 
(185.5
)
 
(235.7
)
 
(421.2
)
Net income (loss)
 
39.8

 

 
39.8

 
(93.0
)
 

 
(93.0
)
Net income (loss) attributable to controlling interest
 
2.1

 

 
2.1

 
(132.9
)
 

 
(132.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
Basic loss from continuing operations
 
$
(0.01
)
 
$
(0.08
)
 
$
(0.09
)
 
$
0.27

 
$
0.69

 
$
0.96

Basic income (loss) from discontinued operations
 
0.02

 
0.08

 
0.10

 
(0.94
)
 
(0.69
)
 
(1.63
)
Basic
 
$
0.01

 
$

 
$
0.01

 
$
(0.67
)
 
$

 
$
(0.67
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss from continuing operations
 
$
(0.01
)
 
$
(0.08
)
 
$
(0.09
)
 
$
0.27

 
$
0.68

 
$
0.95

Diluted income (loss) from discontinued operations
 
0.02

 
0.08

 
0.10

 
(0.93
)
 
(0.67
)
 
(1.60
)
Diluted
 
$
0.01

 
$

 
$
0.01

 
$
(0.66
)
 
$
0.01

 
$
(0.65
)
 
 
Quarter Ended March 31, 2017
 
Quarter Ended March 31, 2016
 
 
Reported
 
Adjustment
 
As Revised
 
Reported
 
Adjustment
 
As Revised
Net sales
 
$
1,169.9

 
$
(413.4
)
 
$
756.5

 
$
1,209.6

 
$
(424.9
)
 
$
784.7

Total revenues
 
1,216.1

 
(458.9
)
 
757.2

 
1,267.3

 
(481.0
)
 
786.3

Net consumer and other product gross profit
 
455.2

 
(148.4
)
 
306.8

 
462.8

 
(142.3
)
 
320.5

Net (loss) income from continuing operations
 
3.0

 
(10.4
)
 
(7.4
)
 
63.5

 
(181.0
)
 
(117.5
)
Income (loss) from discontinued operations, net of tax
 
(54.4
)
 
10.4

 
(44.0
)
 
(47.6
)
 
181.0

 
133.4

Net income (loss)
 
(51.4
)
 

 
(51.4
)
 
15.9

 

 
15.9

Net income (loss) attributable to controlling interest
 
(82.1
)
 

 
(82.1
)
 
(24.7
)
 

 
(24.7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
Basic loss from continuing operations
 
$
(0.11
)
 
$
(0.01
)
 
$
(0.12
)
 
$
0.12

 
$
(0.58
)
 
$
(0.46
)
Basic income (loss) from discontinued operations
 
(0.30
)
 
0.01

 
(0.29
)
 
(0.24
)
 
0.58

 
0.34

Basic
 
$
(0.41
)
 
$

 
$
(0.41
)
 
$
(0.12
)
 
$

 
$
(0.12
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss from continuing operations
 
$
(0.11
)
 
$
(0.01
)
 
$
(0.12
)
 
$
0.12

 
$
(0.58
)
 
$
(0.46
)
Diluted income (loss) from discontinued operations
 
(0.30
)
 
0.01

 
(0.29
)
 
(0.24
)
 
0.58

 
0.34

Diluted
 
$
(0.41
)
 
$

 
$
(0.41
)
 
$
(0.12
)
 
$

 
$
(0.12
)
 
 
Quarter Ended December 31, 2016
 
Quarter Ended December 31, 2015
 
 
Reported
 
Adjustment
 
As Revised
 
Reported
 
Adjustment
 
As Revised
Net sales
 
$
1,211.8

 
$
(609.5
)
 
$
602.3

 
$
1,218.8

 
$
(611.3
)
 
$
607.5

Total revenues
 
1,189.6

 
(587.0
)
 
602.6

 
1,209.4

 
(595.9
)
 
613.5

Net consumer and other product gross profit
 
450.0

 
(210.9
)
 
239.1

 
440.7

 
(204.8
)
 
235.9

Net (loss) income from continuing operations
 
2.0

 
(44.3
)
 
(42.3
)
 
9.5

 
(128.5
)
 
(119.0
)
Income (loss) from discontinued operations, net of tax
 
258.8

 
44.3

 
303.1

 
(2.5
)
 
128.5

 
126.0

Net income (loss)
 
260.8

 

 
260.8

 
7.0

 

 
7.0

Net income (loss) attributable to controlling interest
 
212.2

 

 
212.2

 
(33.9
)
 

 
(33.9
)
 
 
 
 


 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to controlling interest:
 
 
 
 
 
 
 
 
 
 
 
 
Basic loss from continuing operations
 
$
(0.13
)
 
$
(0.11
)
 
$
(0.24
)
 
$
(0.11
)
 
$
(0.35
)
 
$
(0.46
)
Basic income (loss) from discontinued operations
 
1.19

 
0.11

 
1.30

 
(0.06
)
 
0.34

 
0.28

Basic
 
$
1.06

 
$

 
$
1.06

 
$
(0.17
)
 
$
(0.01
)
 
$
(0.18
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss from continuing operations
 
$
(0.13
)
 
$
(0.11
)
 
$
(0.24
)
 
$
(0.11
)
 
$
(0.35
)
 
$
(0.46
)
Diluted income (loss) from discontinued operations
 
1.19

 
0.11

 
1.30

 
(0.06
)
 
0.34

 
0.28

Diluted
 
$
1.06

 
$

 
$
1.06

 
$
(0.17
)
 
$
(0.01
)
 
$
(0.18
)
Quarterly Results (Unaudited)
As previously discussed in Note 1, Basis of Presentation and Nature of Operations, and Note 5, Divestitures, during the third quarter of Fiscal 2017, Front Street entered into the Front Street Purchase Agreement. As a result, Front Street was presented as discontinued operations in the accompanying Consolidated Statements of Operations. In addition, subsequent to Fiscal 2017, effective December 29, 2017, Spectrum Brands’ operations of the GBA business have been classified as discontinued operations in the accompanying Consolidated Statements of Operations. The impact of the adoption of classifying the results of operations of Front Street and Spectrum Brands’ GBA business as discontinued operations and to the Company’s previously reported quarterly results are presented below.