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Segment Results
9 Months Ended
Jul. 01, 2012
Segment Reporting [Abstract]  
Segment Results
SEGMENT RESULTS
The Company manages its business in three vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances; (ii) Global Pet Supplies; and (iii) the Home and Garden Business.
Global strategic initiatives and financial objectives for each reportable segment are determined at the corporate level. Each reportable segment is responsible for implementing defined strategic initiatives and achieving certain financial objectives and has a general manager responsible for the sales and marketing initiatives and financial results for product lines within that segment.
Net sales and Cost of goods sold to other business segments have been eliminated. The gross contribution of intersegment sales is included in the segment selling the product to the external customer. Segment net sales are based upon the segment from which the product is shipped.
 
The operating segment profits do not include restructuring and related charges, acquisition and integration related charges, interest expense, interest income and income tax expense. Corporate expenses primarily include general and administrative expenses and global long-term incentive compensation plan costs which are evaluated on a consolidated basis and not allocated to the Company’s operating segments. All depreciation and amortization included in income from operations is related to operating segments or corporate expense. Costs are identified to operating segments or corporate expense according to the function of each cost center.
All capital expenditures are related to operating segments. Variable allocations of assets are not made for segment reporting.
Segment information 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
Net sales from external customers
 
 
 
 
 
 
 
Global Batteries & Appliances
$
500,724

 
$
505,213

 
$
1,669,973

 
$
1,661,177

Global Pet Supplies
157,495

 
143,839

 
448,962

 
425,106

Home and Garden Business
166,584

 
155,583

 
300,924

 
273,303

Total segments
$
824,803

 
$
804,635

 
$
2,419,859

 
$
2,359,586

 
Three Months
 
Nine Months
 
2012
 
2011
 
2012
 
2011
Segment profit
 
 
 
 
 
 
 
Global Batteries & Appliances
$
47,093

 
$
45,480

 
$
185,726

 
$
180,460

Global Pet Supplies
22,470

 
19,240

 
57,778

 
53,951

Home and Garden Business
44,224

 
42,921

 
60,509

 
51,008

Total segments
113,787

 
107,641

 
304,013

 
285,419

Corporate expense
9,429

 
14,364

 
33,360

 
41,029

Acquisition and integration related charges
5,274

 
7,444

 
20,625

 
31,487

Restructuring and related charges
3,896

 
7,066

 
15,890

 
17,778

Interest expense
39,686

 
40,398

 
150,082

 
165,923

Other expense, net
2,224

 
770

 
2,225

 
1,372

Income from continuing operations before income taxes
$
53,278

 
$
37,599

 
$
81,831

 
$
27,830


 
 
July 1, 2012
 
September 30, 2011
Segment total assets
 
 
 
Global Batteries & Appliances
$
2,183,331

 
$
2,275,076

Global Pet Supplies
973,559

 
828,202

Home and Garden Business
567,718

 
476,381

Total segment assets
3,724,608

 
3,579,659

Corporate
51,566

 
47,047

Total assets at period end
$
3,776,174

 
$
3,626,706