XML 74 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Pay vs Performance Disclosure
 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Sep. 30, 2024
USD ($)
$ / shares
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
YearSummary Compensation Table Total for PEO (1)Compensation Actually Paid to PEO (2)
Average Summary Compensation Table Total for non-PEO NEOs (3)
Average Compensation Actually Paid to non-PEO NEOs (4)Value of Initial Fixed $100 Investment Based on
Net Income
(in millions) (7)
Adjusted Earnings Per Share
PEO 1 Mark S. LaVignePEO 2 Alan R. HoskinsPEO 1 Mark S. LaVignePEO 2 Alan R. Hoskins
Total Shareholder Return (TSR) (5)
Peer Group Total Shareholder Return (6)
2024$10,819,861 $— $9,885,524 $— $2,034,333 $1,906,673 $93.13 $132.76 $38.1 $3.32 
2023$9,586,730 $— $13,612,811 $— $2,127,481 $2,340,281 $90.34 $106.13 $140.5 $3.09 
2022$9,048,440 $— $4,057,873 $— $2,179,195 $1,399,295 $68.47 $91.57 $(231.5)$3.08 
2021$5,958,735 $3,168,310 $4,939,119 $1,031,868 $1,461,171 $911,989 $102.59 $99.86 $160.9 $3.48 
      
Company Selected Measure Name     adjusted EPS      
Named Executive Officers, Footnote     Represents the total compensation of our principal executive officer (“PEO”), Mark S. LaVigne, as reported in the Summary Compensation table for each year indicated. Mr. LaVigne became the CEO beginning January 1, 2021. Alan S. Hoskins was the CEO prior to that date and for the first three months of fiscal year 2021.Represents the average of the total compensation of each of our non-PEO NEOs as reported in the Summary Compensation Table for each year indicated. The non-PEO NEOs included in this calculation for each year are as follows:
2024: John J. Drabik, Michael A. Lampman, Robin W. Vauth, Susan K. Drath and Lori Shambro
2023: John J. Drabik, Michael A. Lampman, Robin W. Vauth and Susan K. Drath
2022: John J. Drabik, Michael A. Lampman, Robin W. Vauth and Susan K. Drath
2021: John J. Drabik, Susan K. Drath, Timothy W. Gorman and Hannah H. Kim 		     
Adjustment To PEO Compensation, Footnote     The following table sets forth, for each year indicated, the PEOs included in the Pay Versus Performance table and the adjustments (i.e., amounts deducted and added) made to the PEO’s Summary Compensation Table total to determine the CAP to each PEO.
PEO 1 Mark S. LaVigne
2024
Total Compensation as reported in Summary Compensation Table ("SCT")$10,819,861 
Pension values reported in SCT$(7,923)
Fair Value of equity awards granted during fiscal year$(8,072,895)
Pension Value attributable to covered year's service and any change in pension value attributable to plan amendments made in the covered year$— 
Fair value of equity awards granted in covered year that were outstanding and unvested at the end of the covered fiscal year (valued at end of year)$7,289,331 
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year$256,032 
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of covered fiscal year$(748,736)
Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year$349,854 
Fair value of awards forfeited in covered fiscal year determined at end of prior fiscal year$— 
Compensation Actually Paid to PEO
$9,885,524 
      
Non-PEO NEO Average Total Compensation Amount     $ 2,034,333 $ 2,127,481 $ 2,179,195 $ 1,461,171
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,906,673 2,340,281 1,399,295 911,989
Adjustment to Non-PEO NEO Compensation Footnote     The following table sets forth, for each year indicated, the adjustments (i.e., amounts deducted and added) made to the average non- PEO NEOs’ Summary Compensation Table total to determine the average CAP to the non-PEO NEOs.
2024
Total Average Compensation as reported in SCT
$2,034,333 
Pension values reported in SCT$(14,097)
Fair Value of equity awards granted during fiscal year$(863,325)
Pension Value attributable to covered year's service and any change in pension value attributable to plan amendments made in the covered year$17,402 
Fair value of equity awards granted in covered year that were outstanding and unvested at the end of the covered fiscal year (valued at end of year)$779,531 
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year$23,705 
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of covered fiscal year$(121,055)
Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year$50,179 
Fair value of awards forfeited in covered fiscal year determined at end of prior fiscal year$— 
Average Compensation Actually Paid to non-PEO NEOs$1,906,673 
      
Compensation Actually Paid vs. Total Shareholder Return    
Relationship between CAP and TSR
The chart below reflects the relationship between the PEOs’ and average non-PEO NEOs’ CAP, the Company’s TSR and the TSR of the Company’s peer group.
3155
      
Compensation Actually Paid vs. Net Income    
Relationship between CAP and Net Income
The chart below reflects the relationship between the PEOs’ and average non-PEO NEOs’ CAP and the Company’s net income.
3317
      
Compensation Actually Paid vs. Company Selected Measure    
Relationship between CAP and Adjusted Earnings Per Share
The chart below reflects the relationship between the PEOs’ and average non-PEO NEOs’ CAP and the Company’s adjusted EPS.
3499
      
Tabular List, Table    
Performance Measures
Adjusted Net Sales
Adjusted Operating Profit
Adjusted Gross Margin Rate
Adjusted Earnings Per Share
Relative Total Shareholder Return (TSR)
      
Total Shareholder Return Amount     $ 93.13 90.34 68.47 102.59
Peer Group Total Shareholder Return Amount     132.76 106.13 91.57 99.86
Net Income (Loss)     $ 38,100,000 $ 140,500,000 $ (231,500,000) $ 160,900,000
Company Selected Measure Amount | $ / shares     3.32 3.09 3.08 3.48
Additional 402(v) Disclosure     Represents the cumulative four-year total return to shareholders (“TSR”) of our common stock for the covered year and assumes that the value of the investment was $100 on September 30, 2020 and that the subsequent dividends were reinvested. Represents the cumulative four-year TSR of our peer group for the covered year calculated using the same method described in footnote (5). The peer group utilized for each year indicated is the S&P 500 Household Products Index.Represents our reported net income for each year indicated. Included in the fiscal 2024 net income was a pre-tax asset impairment charge of $110.6 million on our goodwill and intangible assets. Included in the fiscal year 2023 net income was a pre-tax pension settlement charge of $50.2 million. Included in the fiscal year 2022 net loss was a pre-tax asset impairment charge of $541.9 million on our goodwill and intangible assets. Included in the fiscal 2021 net income was a pre-tax debt extinguishment of $103.3 million.      
Impairment Of Goodwill And Intangible Assets     $ 110,600,000   $ 541,900,000  
Pension Settlement Expense       $ 50,200,000    
Gain (Loss) On Extinguishment Of Debt           $ (103,300,000)
Measure:: 1            
Pay vs Performance Disclosure            
Name     Adjusted Net Sales      
Non-GAAP Measure Description     Represents our adjusted EPS for each year indicated, which we believe represents the most important financial performance measure that was used to link CAP to our PEOs and non-PEO NEOs for the most recent fiscal year to Company performance. See Appendix A to this proxy statement for a reconciliation of reported earnings per share to adjusted EPS, a non-GAAP measure.      
Measure:: 2            
Pay vs Performance Disclosure            
Name     Adjusted Operating Profit      
Measure:: 3            
Pay vs Performance Disclosure            
Name     Adjusted Gross Margin Rate      
Measure:: 4            
Pay vs Performance Disclosure            
Name     Adjusted Earnings Per Share      
Measure:: 5            
Pay vs Performance Disclosure            
Name     Relative Total Shareholder Return (TSR)      
LaVigne [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 10,819,861 9,586,730 9,048,440 5,958,735
PEO Actually Paid Compensation Amount     $ 9,885,524 $ 13,612,811 $ 4,057,873 4,939,119
PEO Name Alan S. Hoskins Mark S. LaVigne Mark S. LaVigne Mark S. LaVigne Mark S. LaVigne  
Hoskins [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount           3,168,310
PEO Actually Paid Compensation Amount           $ 1,031,868
PEO | LaVigne [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ (7,923)      
PEO | LaVigne [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | LaVigne [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (8,072,895)      
PEO | LaVigne [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     7,289,331      
PEO | LaVigne [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (748,736)      
PEO | LaVigne [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     256,032      
PEO | LaVigne [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     349,854      
PEO | LaVigne [Member] | Year-End Fair Value Of Equity Awards Granted In Prior Years, Forfeited [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (14,097)      
Non-PEO NEO | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     17,402      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (863,325)      
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     779,531      
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (121,055)      
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     23,705      
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     50,179      
Non-PEO NEO | Year-End Fair Value Of Equity Awards Granted In Prior Years, Forfeited [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ 0