Goodwill And Intangible Assets

12 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Intangible assets consist of the following:



	Global Batteries & Appliances			Global Pet Supplies			Home and Garden Business			Total
Goodwill:
Balance at September 30, 2010	$	268,420		$	159,985		$	171,650		$	600,055
Additions	—			10,029			255			10,284
Effect of translation	(272		)	271			—			(1		)
Balance at September 30, 2011	$	268,148		$	170,285		$	171,905		$	610,338
Additions	—			70,023			15,852			85,875
Effect of translation	408			(2,376		)	—			(1,968		)
Balance at September 30, 2012	$	268,556		$	237,932		$	187,757		$	694,245
Intangible Assets:
Trade names Not Subject to Amortization
Balance at September 30, 2010	$	569,945		$	211,533		$	76,000		$	857,478
Additions	—			2,630			150			2,780
Intangible asset impairment	(23,200		)	(8,600		)	(650		)	(32,450		)
Effect of translation	(941		)	(72		)	—			(1,013		)
Balance at September 30, 2011	$	545,804		$	205,491		$	75,500		$	826,795
Additions	—			14,000			8,000			22,000
Reclassification to intangible assets subject to amortization	(920		)	(2,530		)	—			(3,450		)
Effect of translation	542			(4,819		)	—			(4,277		)
Balance at September 30, 2012	$	545,426		$	212,142		$	83,500		$	841,068
Intangible Assets Subject to Amortization
Balance at September 30, 2010, net	$	516,324		$	230,248		$	165,310		$	911,882
Additions	—			4,193			—			4,193
Amortization during period	(33,184		)	(15,599		)	(8,912		)	(57,695		)
Effect of translation	(1,667		)	401			—			(1,266		)
Balance at September 30, 2011, net	$	481,473		$	219,243		$	156,398		$	857,114
Additions	—			65,118			17,000			82,118
Reclassification from intangible assets not subject to amortization	920			2,530			—			3,450
Amortization during period	(32,892		)	(19,503		)	(11,271		)	(63,666		)
Effect of translation	(2,389		)	(2,766		)	—			(5,155		)
Balance at September 30, 2012, net	$	447,112		$	264,622		$	162,127		$	873,861
Total Intangible Assets, net at September 30, 2012	$	992,538		$	476,764		$	245,627		$	1,714,929

Intangible assets subject to amortization include proprietary technology, customer relationships and certain trade names, which were recognized in connection with acquisitions and from the application of fresh-start reporting. 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, 1 to 12 years for trade names within the Global Batteries & Appliances segment and 3 years for trade names within the Global Pet Supplies segment.

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



	September 30, 2012			September 30, 2011
Technology Assets Subject to Amortization:
Gross balance	$	90,924		$	71,805
Accumulated amortization	(22,768		)	(13,635		)
Carrying value, net	$	68,156		$	58,170
Trade Names Subject to Amortization:
Gross balance	$	150,829		$	149,700
Accumulated amortization	(28,347		)	(16,320		)
Carrying value, net	$	122,482		$	133,380
Customer Relationships Subject to Amortization:
Gross balance	$	796,235		$	738,937
Accumulated amortization	(113,012		)	(73,373		)
Carrying value, net	$	683,223		$	665,564
Total Intangible Assets Subject to Amortization	$	873,861		$	857,114

ASC 350 requires companies to test goodwill and indefinite-lived intangible assets for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have incurred. During Fiscal 2012, Fiscal 2011 and Fiscal 2010 the Company conducted impairment testing of goodwill and indefinite-lived intangible assets. As a result of this testing, the Company recorded non-cash pretax intangible asset impairment charges of approximately $32,450 during Fiscal 2011 related to impaired trade name intangible assets. (See also Note 2(i), Significant Accounting Policies—Intangible Assets, for further details on the impairment charges).

The amortization expense related to intangible assets subject to amortization for Fiscal 2012, Fiscal 2011 and Fiscal 2010 is as follows:



	2012		2011		2010
Proprietary technology amortization	$	9,133	$	6,817	$	6,305
Trade names amortization	14,347		12,558		3,750
Customer relationship amortization	40,186		38,320		35,865
	$	63,666	$	57,695	$	45,920

The Company estimates annual amortization expense for the next five fiscal years will approximate $63,600 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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