Permanent Equity

12 Months Ended

Sep. 30, 2011

Permanent Equity [Abstract]

Permanent Equity

(14)   Permanent Equity

Accumulated Other Comprehensive Income (Loss)

Amounts recorded in AOCI in the accompanying Consolidated Statements of Permanent Equity (Deficit) and Comprehensive Income (Loss) consist of the following components:

				Non-credit			Other
				Related			Unrealized			Actuarial
	Unrealized			Other-than-			Gains (Losses)-			Adjustments			Cumulative
	Investment			temporary			Cash Flow			to Pension			Translation
	Gains, net			Impairments			Hedges			Plans			Adjustments			Total
Balances at August 30, 2009, Successor(A)	$	—		$	—		$	—		$	—		$	—		$	—
Gross change before reclassification adjustment		—			—			867			57			6,226			7,150
Net reclassification adjustment for losses (gains) included in earnings								—			—			—			—
Gross change after reclassification adjustment		—			—			867			57			6,226			7,150
Deferred tax effect		—			—			(16	)		519			(330	)		173
Deferred tax valuation allowance		—			—			—			(766	)		11			(755	)
Net adjustment to AOCI		—			—			851			(190	)		5,907			6,568
Balances at September 30, 2009, Successor	$	—		$	—		$	851		$	(190	)	$	5,907		$	6,568
Gross change before reclassification adjustment		—			—			(15,621	)		(29,141	)		11,511			(33,251	)
Net reclassification adjustment for losses (gains) included in earnings								6,356			1,355			—			7,711
Gross change after reclassification adjustment		—			—			(9,265	)		(27,786	)		11,511			(25,540	)
Deferred tax effect		—			—			2,775			8,904			1,085			12,764
Deferred tax valuation allowance		—			—			(116	)		(2,763	)		481			(2,398	)
Noncontrolling interest		—			—			1,276			8,084			(12,682	)		(3,322	)
Net adjustment to AOCI		—			—			(5,330	)		(13,561	)		395			(18,496	)
Noncontrolling interest recapitalization adjustment		—			—			1,342			1,347			4,044			6,733
Balances at September 30, 2010, Successor	$	—		$	—		$	(3,137	)	$	(12,404	)	$	10,346		$	(5,195	)
Gross change before reclassification adjustment		420,929			500			(5,992	)		(7,609	)		(12,857	)		394,971
Net reclassification adjustment for losses (gains) included in earnings		(3,861	)		—			13,422			8			—			9,569
Gross change after reclassification adjustment		417,068			500			7,430			(7,601	)		(12,857	)		404,540
Intangible assets adjustment		(172,057	)		(206	)		—			—			—			(172,263	)
Deferred tax effect		(85,709	)		(103	)		(2,671	)		2,037			2,742			(83,704	)
Deferred tax valuation allowance		—			—			(331	)		3,529			(492	)		2,706
Noncontrolling interest		—			—			(2,128	)		373			5,436			3,681
Net adjustment to AOCI		159,302			191			2,300			(1,662	)		(5,171	)		154,960
Change in noncontrolling interest		—			—			132			278			(727	)		(317	)
Balances at September 30, 2011, Successor	$	159,302		$	191		$	(705	)	$	(13,788	)	$	4,448		$	149,448
Cumulative components at September 30, 2011:
Gross amounts (after reclassification adjustments)	$	417,068		$	500		$	(968	)	$	(35,330	)	$	4,880		$	386,150
Intangible assets adjustments		(172,057	)		(206	)		—			—			—			(172,263	)
Tax effects		(85,709	)		(103	)		(359	)		11,460			3,497			(71,214	)
Noncontrolling interest		—			—			622			10,082			(3,929	)		6,775
	$	159,302		$	191		$	(705	)	$	(13,788	)	$	4,448		$	149,448
Cumulative components at September 30, 2010:
Gross amounts (after reclassification adjustments)	$	—		$	—		$	(8,398	)	$	(27,729	)	$	17,737		$	(18,390	)
Intangible assets adjustments		—			—			—			—			—			—
Tax effects		—			—			2,643			5,894			1,247			9,784
Noncontrolling interest		—			—			2,618			9,431			(8,638	)		3,411
	$	—		$	—		$	(3,137	)	$	(12,404	)	$	10,346		$	(5,195	)

(A) Predecessor AOCI balances were eliminated upon adoption of fresh-start reporting.

Restricted Net Assets of Subsidiaries

HGI’s equity in restricted net assets of consolidated subsidiaries was approximately $1,173,000 as of September 30, 2011, representing 132% of HGI’s consolidated stockholders’ equity as of September 30, 2011 and consisted of net assets of FGL and Spectrum Brands, less noncontrolling interest, which were restricted as to transfer to HGI in the form of cash dividends, loans or advances under regulatory or debt covenant restrictions.