Goodwill And Intangible Assets

9 Months Ended

Jul. 01, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets of the Company consist of the following:



	Global Batteries & Appliances			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2011	$	268,148		$	170,285		$	171,905		$	610,338
Additions	—			70,023			15,852			85,875
Effect of translation	(4,089		)	(4,079		)	—			(8,168		)
Balance at July 1, 2012	$	264,059		$	236,229		$	187,757		$	688,045
Intangible Assets:
Trade names Not Subject to Amortization
Balance at September 30, 2011	$	545,804		$	205,491		$	75,500		$	826,795
Additions	—			14,000			8,000			22,000
Effect of translation	(5,216		)	(8,125		)	—			(13,341		)
Balance at July 1, 2012	$	540,588		$	211,366		$	83,500		$	835,454
Intangible Assets Subject to Amortization
Balance at September 30, 2011, net	$	481,473		$	219,243		$	156,398		$	857,114
Additions	—			65,118			17,000			82,118
Amortization during period	(24,613		)	(14,325		)	(7,612		)	(46,550		)
Effect of translation	(6,500		)	(4,659		)	—			(11,159		)
Balance at July 1, 2012, net	$	450,360		$	265,377		$	165,786		$	881,523
Total Intangible Assets, net at July 1, 2012	$	990,948		$	476,743		$	249,286		$	1,716,977

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names, which were recognized as a result of fresh-start reporting upon the Company’s emergence from bankruptcy during the fiscal year ended September 30, 2009 and through other acquisitions. The useful life of the Company’s intangible assets subject to amortization are 4 to 9 years for technology assets related to the Global Pet Supplies segment, 9 to 17 years for technology assets associated with the Global Batteries & Appliances segment, 15 to 20 years for customer relationships of the Global Batteries & Appliances segment, 20 years for customer relationships of the Home and Garden Business and Global Pet Supplies segments, 12 years for a trade name within the Global Batteries & Appliances segment and 4 years for a trade name within the Home and Garden Business segment.

The carrying value and accumulated amortization for intangible assets subject to amortization are as follows:



	July 1, 2012			September 30, 2011
Technology Assets Subject to Amortization:
Gross balance	$	90,924		$	71,805
Accumulated amortization	(20,356		)	(13,635		)
Carrying value, net	$	70,568		$	58,170
Trade Names Subject to Amortization:
Gross balance	$	149,700		$	149,700
Accumulated amortization	(26,108		)	(16,320		)
Carrying value, net	$	123,592		$	133,380
Customer Relationships Subject to Amortization:
Gross balance	$	789,465		$	738,937
Accumulated amortization	(102,102		)	(73,373		)
Carrying value, net	$	687,363		$	665,564

Amortization expense for the three and nine month periods ended July 1, 2012 and July 3, 2011 is as follows:



	Three Months				Nine Months
	2012		2011		2012		2011
Proprietary technology amortization	$	2,411	$	1,649	$	6,721	$	4,946
Customer relationships amortization	10,181		9,650		30,041		28,708
Trade names amortization	3,509		3,140		9,788		9,419
	$	16,101	$	14,439	$	46,550	$	43,073

The Company estimates annual amortization expense of intangible assets for the next five fiscal years will approximate $62,600 per year.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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