Document and Entity Information
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3 Months Ended | |
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Dec. 30, 2012
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Feb. 04, 2013
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Entity Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Dec. 30, 2012 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | HRG | |
Entity Registrant Name | HARBINGER GROUP INC. | |
Entity Central Index Key | 0000109177 | |
Current Fiscal Year End Date | --09-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 143,147,896 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Details
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
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- Definition
Financing Receivable Held For Investment No definition available.
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- Definition
Insurance Reserves No definition available.
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- Definition
Investments In Equity Securities No definition available.
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- Definition
Other Invested Assets No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the known and estimated amounts payable as of the balance sheet date to policyholders pertaining to insured events for long-duration contracts, which can be viewed as either (a) the present value of future benefits to be paid to or on behalf of policyholders and expenses less the present value of future net premiums payable under the insurance contracts or (b) the accumulated amount of net premiums already collected less the accumulated amount of benefits and expenses already paid to or on behalf of policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of policy reserves (provided for future obligations including unpaid claims and claims adjustment expenses) and policy benefits (liability for future policy benefits) as of the balance sheet date; grouped amount of all the liabilities associated with the company's insurance policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, this item represents investments in debt securities having predetermined or determinable maturity dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total liability as of the balance sheet date of amounts due policy holders, excluding future policy benefits and claims, including unpaid policy dividends, retrospective refunds, and undistributed earnings on participating business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
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- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
An amount that an insurer adds to a policy's premium, or deducts from a policy's cash value or contract holder's account, as compensation for services rendered; may include fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Provision for benefits, claims and claims settlement expenses incurred during the period net of the effects of contracts assumed and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Deferred Income Tax Expenses Relating To Changes In Accumulated Other Comprehensive Income Loss No definition available.
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- Definition
Increase Decrease Changes In Deferred Income Taxes No definition available.
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- Definition
Non credit portion of other than temporary impairments included in other comprehensive income. No definition available.
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- Definition
Other Comprehensive Income Loss Adjustments To Intangible Assets No definition available.
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- Definition
Other comprehensive income loss adjustments to intangible assets before tax. No definition available.
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of the (increase) decrease in the value of the projected benefit obligation and the increase (decrease) in the value of the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption that has not been recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Before tax amount of the appreciation (loss) in the value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax and reclassification adjustments amount of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net of tax amount of other comprehensive income (loss) attributable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Before tax amount of the income statement impact of the reclassification adjustment for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Before tax and reclassification adjustments amount of unrealized holding gain (loss) and transfers on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of other than temporary impairment (OTTI) loss on a debt security, categorized as either available-for-sale or held-to-maturity. Includes after tax portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The component of net investment income representing the noncash expenses charged against earnings in the period to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. No definition available.
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- Definition
Asset-backed loans originated. No definition available.
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- Definition
Total cash Transfers to the Company's reinsurer. No definition available.
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- Definition
Mortality and expense charges and administrative fees. No definition available.
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- Definition
Cost of trading securities acquired for resale. No definition available.
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- Definition
Dividend Paid By Subsidiaries To Non Controlling Interest No definition available.
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. No definition available.
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X | ||||||||||
- Definition
Non Cash Increase To Cost Of Goods Sold No definition available.
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X | ||||||||||
- Definition
Total amount of non-cash restructuring, and related charges. No definition available.
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X | ||||||||||
- Definition
Proceeds from trading security sold. No definition available.
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X | ||||||||||
- Definition
Treasury stock purchases of subsidiary. No definition available.
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X | ||||||||||
- Definition
The non-cash write-off of the unamortized debt issuance costs associated with retired debt instruments. No definition available.
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X | ||||||||||
- Definition
The non-cash write-off of the unamortized debt discount and premium associated with retired debt instruments. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the balance sheet value of capitalized sales costs that are associated with acquiring a new insurance customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The adjustment required to reconcile net income to cash provided by (used in) operations related to the unpaid portion of interest credited to policy owner accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The cash outflow for derivative instruments during the period, which are classified as investing activities, excluding those designated as hedging instruments. No definition available.
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X | ||||||||||
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash outflow in the form of ordinary dividends to preferred shareholders, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash outflow from purchases of held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The cash outflow from purchases of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the sale, maturities, repayments and calls of securities classified as trading securities and held for investment purposes. Excludes proceeds from trading securities purchased and held principally for the purpose of selling them in the near term (thus held for only a short period of time). No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the sale of securities that had been designated as held-to-maturity. Excludes proceeds from maturities, prepayments and calls by the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow for the payment of other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Description of Business, Basis of Presentation and Recent Accounting Pronouncements
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3 Months Ended |
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Dec. 30, 2012
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Description of Business, Basis of Presentation and Recent Accounting Pronouncements | (1) Description of Business, Basis of Presentation and Recent Accounting Pronouncements Description of the Business Harbinger Group Inc. (“HGI” and, collectively with its respective subsidiaries, the “Company”) is a diversified holding company, the outstanding common stock of which is 76.7% and 74.6% owned, respectively, as of December 30, 2012 and the date of this filing, collectively, by Harbinger Capital Partners Master Fund I, Ltd. (the “Master Fund”), Global Opportunities Breakaway Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, the “Principal Stockholders”), not giving effect to the conversion rights of the Company’s Series A Participating Convertible Preferred Stock (the “Series A Preferred Stock”) or the Series A-2 Participating Convertible Preferred Stock (the “Series A-2 Preferred Stock”, together the “Preferred Stock”). Such common stock ownership by the Principal Stockholders represents a voting interest of 57.2% in relation to the existing voting rights of all HGI’s common and preferred stockholders. HGI’s shares of common stock trade on the New York Stock Exchange (“NYSE”) under the symbol “HRG.” HGI is focused on obtaining controlling equity stakes in companies that operate across a diversified set of industries and growing acquired businesses. As such, the Company has gained controlling interests in Spectrum Brands Holdings, Inc., a Delaware corporation (collectively with its consolidated subsidiaries, where applicable, “Spectrum Brands”), Fidelity & Guaranty Life Holdings, Inc., a Delaware corporation (“FGL”) and Salus Capital Partners, LLC (“Salus”). As of December 30, 2012, the Company’s beneficial ownership of the outstanding common stock of Spectrum Brands was 57.4%. Spectrum Brands is a global branded consumer products company which trades on the NYSE under the symbol “SPB.” FGL, a wholly-owned subsidiary, is a provider of annuity and life insurance products in the United States of America. Salus is a provider of secured asset-based loans to entities across a variety of industries. In addition to acquiring controlling interests, HGI may make investments in debt instruments, acquire minority equity interests in companies and expand its operating businesses. The Company also owns 97.9% of Zap.Com Corporation (“Zap.Com”), a public shell company that may seek assets or businesses to acquire or may sell assets and/or liquidate. In November, the Company announced a joint venture with EXCO Resources Inc. (“EXCO”) to create a private oil and gas limited partnership (the “EXCO/HGI Partnership”) that will purchase and operate EXCO’s producing U.S. conventional oil and gas assets, for a total consideration of $725.0 million (the “EXCO/HGI Production Partners Acquisition”). The Partnership will constitute the Company’s initial operating business in the energy sector. In December 2012, the Company closed a secondary offering, in which the Principal Stockholders offered 20.0 million shares of common stock at a price to the public of $7.50 per share. In addition, in January 2013, the underwriters exercised their option to purchase an additional 3.0 million shares of common stock from the Principal Stockholders. The Company did not receive any proceeds from the sale of shares in this offering. In December 2012, the Company issued $700.0 aggregate principal amount 7.875% Senior Secured Notes due 2019 (the “7.875% Notes”) and used part of the proceeds of the offering to accept for purchase $498.0 aggregate principal amount of its 10.625% Senior Secured Notes due 2015 (the “10.625% Notes”) pursuant to a tender offer (the “Tender Offer”) for the 10.625% Notes. Additionally, the Company deposited sufficient funds in trust with the trustee under the indenture governing the 10.625% Notes in satisfaction and discharge of the remaining $2.0 aggregate principal amount of the 10.625% Notes. The remainder of the proceeds will be used for working capital by the Company and its subsidiaries and for general corporate purposes, including the financing of future acquisitions and businesses.
In December, Spectrum Brands acquired the residential hardware and home improvement business (the “HHI Business”) from Stanley Black & Decker, Inc. (“Stanley Black & Decker”), which includes (i) the equity interests of certain subsidiaries of Stanley Black & Decker engaged in the business and (ii) certain assets of Stanley Black & Decker used or held for use in connection with the business (the “Hardware Acquisition”). The HHI Business has a broad portfolio of recognized brands names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. A portion of the Hardware Acquisition has not yet closed, consisting of the purchase of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation (“TLM Taiwan”), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 13, Acquisitions. Also in December 2012, Spectrum Brands Escrow Corp. issued $520.0 aggregate principal amount of 6.375% Senior Notes due 2020 (the “6.375% Notes”) and $570.0 aggregate principal amount of 6.625% Senior Notes due 2022 (the “6.625% Notes”). The 6.375% Notes and the 6.625% Notes were assumed by Spectrum Brands, in connection with the Hardware Acquisition. Spectrum Brands used the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the Hardware Acquisition. Spectrum Brands financed the remaining portion of the Hardware Acquisition with a new $800.0 term loan facility, of which $100.0 is in Canadian dollar equivalents (the “Term Loan”). A portion of the Term Loan proceeds were also used to refinance the former term loan facility, maturing June 17, 2016, which had an aggregate amount outstanding of $370.2 prior to refinancing. Refer to Note 6, Debt, as well as Note 13, Acquisitions, to our Condensed Consolidated Financial Statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in three reporting segments: (i) Consumer Products through Spectrum Brands, (ii) Insurance through FGL and (iii) Other Financial Services. For the results of operations by segment, and other segment data, see Note 16, Segment Data. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), have been condensed or omitted pursuant to such rules and regulations. Certain prior year amounts have been reclassified or combined to conform to the current year presentation. These reclassifications and combinations had no effect on previously reported results of operations or accumulated deficit. These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on November 27, 2012 (the “Form 10-K”). The results of operations for the three months ended December 30, 2012 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending September 30, 2013. Recent Accounting Pronouncements Presentation of Comprehensive Income In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income,” which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. A deferral of provisions of the guidance requiring disclosure of the income statement location were gains and losses reclassified out of comprehensive income are located was issued in December 2011. In November 2012, the FASB issued a statement of opinion to clarify their position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The Company implemented the new guidance effective October 1, 2012, electing to present comprehensive income in two separate but consecutive statements, however the final disclosure requirements for reclassification adjustments are not effective until the second quarter of Fiscal 2013. The Company has implemented all required disclosures except the deferred reclassification provisions which will be implemented in the second quarter of Fiscal 2013. Impairment Testing Also effective October 1, 2012, the Company implemented new guidance intended to simplify how the Company tests for impairments of goodwill and indefinite-lived intangible assets. The guidance will allow the Company to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative impairment tests for goodwill and indefinite-lived intangible assets. The Company will no longer be required to calculate, respectively for goodwill and indefinite-lived intangible assets, the fair value of a reporting unit, or the fair value of an indefinite-lived intangible asset, unless the Company determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The Company will apply this new guidance upon its annual impairment analysis of its goodwill and indefinite-lived intangible assets, in August 2013. The Company does not expect the adoption of this guidance to have a significant impact on our consolidated financial statements. Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for us beginning in the first quarter of our fiscal year ending September 30, 2014. We are currently evaluating the impact of this new accounting guidance on the disclosures included in our consolidated financial statements. |
X | ||||||||||
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments
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Dec. 30, 2012
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Investments | (2) Investments HGI’s investments consist of (1) marketable equity securities classified as trading and carried at fair value with unrealized gains and losses recognized in earnings, including certain securities for which the Company has elected the fair value option under Accounting Standards Codification (“ASC”) Topic 825, Financial Instruments, which would otherwise have been classified as available-for-sale, and (2) U.S. Treasury securities and a certificate of deposit classified as held-to-maturity and carried at amortized cost, which approximates fair value. FGL’s debt and equity securities have been designated as available-for-sale and are carried at fair value with unrealized gains and losses included in AOCI, net of associated adjustments for value of business acquired (“VOBA”), deferred acquisition costs (“DAC”) and deferred income taxes. The Company’s consolidated investments are summarized as follows:
Included in AOCI were unrealized gains of $0.9 and unrealized losses of $1.9 related to the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage-backed securities at both December 30, 2012 and September 30, 2012. Securities held on deposit with various state regulatory authorities had a fair value of $20.6 and $20.7 at December 30, 2012 and September 30, 2012, respectively.
Maturities of Fixed-maturity Securities The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations.
Securities in an Unrealized Loss Position As part of FGL’s ongoing securities monitoring process, FGL evaluates whether securities in an unrealized loss position could potentially be other-than-temporarily impaired. Excluding the non-credit portion of other-than-temporary impairments on non-agency residential-mortgage backed securities, FGL has concluded that the fair values of the securities presented in the table below were not other-than-temporarily impaired as of December 30, 2012. This conclusion is derived from the issuers’ continued satisfaction of the securities’ obligations in accordance with their contractual terms along with the expectation that they will continue to do so. Also contributing to this conclusion is FGL’s determination that it is more likely than not that FGL will not be required to sell these securities prior to recovery, an assessment of the issuers’ financial condition, and other objective evidence. As it specifically relates to asset-backed securities and commercial mortgage-backed securities, the present value of cash flows expected to be collected is at least the amount of the amortized cost basis of the security and FGL’s management has the intent to hold these securities for a period of time sufficient to allow for any anticipated recovery in fair value. The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:
At December 30, 2012 and September 30, 2012, securities in an unrealized loss position were primarily concentrated in investment grade corporate debt instruments, residential mortgage-backed securities and hybrids. Total unrealized losses were $21.4 and $30.6 at December 30, 2012 and September 30, 2012, respectively. Exposure to finance-related holdings represents the largest component of the unrealized loss position in the portfolio, as spreads for holdings in this industry sector remain above historical levels. Elevated spreads in certain structured asset classes have also affected prices of commercial mortgage-backed securities and non-agency residential mortgage-backed securities. With evidence that the housing sector in the U.S. is recovering, FGL has added to its non-agency residential mortgage-backed holdings during the year by purchasing securities with a National Association of Insurance Commissioners (“NAIC”) 1 equivalent rating. As of December 30, 2012, these securities were in an unrealized gain position. The improvement in unrealized loss positions in hybrids from September 30, 2012 to December 30, 2012 was primarily a result of greater availability of capital for firms and regulatory changes which have encouraged certain issuers to retire their outstanding securities, thereby moving prices higher. The combination of ongoing liquidity efforts by global central banks to stem contagion from a Eurozone slowdown, and accommodative monetary policy (especially in the U.S.) that is keeping base interest rates low, helped drive strong performance in risk assets in the December 30, 2012 quarter. The prices of securities exposed to the residential real estate market in the U.S. also increased, which management believes is a result of the decline in risk aversion and data indicating that the housing market in the U.S. has improved. At December 30, 2012 and September 30, 2012, securities with a fair value of $0.7 and $1.2, respectively, were depressed greater than 20% of amortized cost (excluding United States Government and United States Government sponsored agency securities), which represented less than 1% of the carrying values of all investments. The improvement in unrealized loss positions from September 30, 2012 is primarily due to two factors: (i) securities at depressed prices were sold over the past fiscal quarter, reducing the size of holdings at an unrealized loss position and (ii) improving risk sentiment has lifted the market prices of investment grade bonds. Based upon FGL’s current evaluation of these securities in accordance with its impairment policy and its intent to retain these investments for a period of time sufficient to allow for recovery in value, FGL has determined that these securities are not other-than-temporarily impaired.
Credit Loss Portion of Other-than-temporary Impairments The following table provides a reconciliation of the beginning and ending balances of the credit loss portion of other-than-temporary impairments on fixed maturity securities held by FGL at December 30, 2012 and January 1, 2012, for which a portion of the other-than-temporary impairment was recognized in AOCI:
For the three months ended December 30, 2012, FGL recognized impairment losses in operations totaling $0.5, including credit impairments of $0.2 and change-of-intent impairments of $0.3 and had an amortized cost of $1.6 and a fair value of $1.1 at the time of impairment. For the three months ended January 1, 2012, FGL recognized impairment losses in operations totaling $13.2, solely caused by change-of-intent, and non-credit losses in other comprehensive income totaling $0.9, for investments which experienced other-than-temporary impairments and had an amortized cost of $66.9 and a fair value of $52.8 at the time of impairment. Details underlying write-downs taken as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities were as follows:
Asset-backed Loans Salus’ portfolio of asset-backed loans receivable, included in “Asset-backed loans” in the Condensed Consolidated Balance Sheets as of December 30, 2012 and September 30, 2012, consisted of the following:
Salus establishes its allowance for credit losses through a provision for credit losses based on its evaluation of the credit quality of its loan portfolio. The following table presents the activity in its allowance for credit losses for the three months ended December 30, 2012 and January 1, 2012:
Salus monitors credit quality as indicated by various factors and utilizes such information in its evaluation of the adequacy of the allowance for credit losses. As of December 30, 2012 and September 30, 2012, Salus had no outstanding loans that either were non-performing, in a non-accrual status, or had been subject to a troubled-debt restructuring. As of December 30, 2012 and September 30, 2012, Salus had no outstanding loans that had been individually considered impaired, as all loans were in current payment status. Salus’ internal loan ratings provide information about the credit quality of its asset-based lending borrowers, and its risk of potential loss. The following tables present information about the credit quality of Salus’ asset-based loan portfolio, based on National Association of Insurance Commissioners (“NAIC”) risk rating, as of December 30, 2012 and September 30, 2012:
Net Investment Income The major sources of “Net investment income” on the accompanying Condensed Consolidated Statements of Operations were as follows:
Net Investment Gains “Net investment gains” reported on the accompanying Condensed Consolidated Statements of Operations were as follows:
For the three months ended December 30, 2012 and January 1, 2012, proceeds from the sale of fixed maturity available-for-sale securities, including assets transferred to Wilton Re as discussed in Note 8 for the three month period January 1, 2012 only, totaled $2,415.1 and $1,733.1, gross gains on such sales totaled $178.0 and $92.3 and gross losses totaled $0.5 and $10.5, respectively. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the three months ended December 30, 2012 and January 1, 2012. Underlying write-downs taken to fixed maturity available-for-sale securities as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on available-for-sale securities above were $0.5 and $13.2 for the three months ended December 30, 2012 and January 1, 2012, respectively. Concentrations of Financial Instruments As of December 30, 2012, the Company's most significant investment in one industry, excluding treasuries, was FGL's investment securities in the banking industry with a fair value of $1,878.9, or 11.0%, of the invested assets portfolio. FGL's holdings in this industry includes investments in 114 different issuers with the top ten investments accounting for 34.8% of the total holdings in this industry. As of December 30, 2012, FGL's exposure to sub-prime and Alternative-A residential mortgage-backed securities was $237.5 and $249.1 or collectively 1.5% of FGL's invested assets. As of December 30, 2012 and September 30, 2012 FGL had investments in 8 issuers that exceeded 10% of the Company's stockholders' equity with a fair value of $1,131.5 and $1,082.0, or 6.6% and 6.5% of the invested assets portfolio, respectively. Additionally, FGL's largest concentration in any single issuer as of December 30, 2012 and September 30, 2012 had a fair value of $167.0 and $152.9, or 1.0% and 0.7% of FGL's invested assets portfolio, respectively. |
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- Definition
The entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment. No definition available.
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Derivative Financial Instruments
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Dec. 30, 2012
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Derivative Financial Instruments | (3) Derivative Financial Instruments The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Changes in AOCI from Derivative Instruments For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative, representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, are recognized in current earnings.
The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three months ended December 30, 2012 and January 1, 2012:
Fair Value Contracts and Other For derivative instruments that are used to economically hedge the fair value of Spectrum Brands’ third party and intercompany foreign currency payments, commodity purchases and interest rate payments, and the equity conversion feature of the Company’s Preferred Stock, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change. FGL recognizes all derivative instruments as assets or liabilities in the Condensed Consolidated Balance Sheets at fair value, including derivative instruments embedded in Fixed Indexed Annuity (“FIA”) contracts, and any changes in the fair value of the derivatives are recognized immediately in the Condensed Consolidated Statements of Operations. During the three months ended December 30, 2012 and January 1, 2012 the Company recognized the following gains on these derivatives:
Additional Disclosures Cash Flow Hedges When appropriate, Spectrum Brands has used interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At December 30, 2012, Spectrum Brands did not have any interest rate swaps outstanding.
Spectrum Brands periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign currency denominated third party and intercompany sales or payments. These obligations generally require Spectrum Brands to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to “Net consumer product sales” or purchase price variance in “Consumer products cost of goods sold.” At December 30, 2012, Spectrum Brands had a series of foreign exchange derivative contracts outstanding through March 2014 with a contract value of $173.0. The derivative net (loss) on these contracts recorded in AOCI at December 30, 2012 was $(0.6), net of tax benefit of $0.4 and noncontrolling interest of $0.4. At December 30, 2012, the portion of derivative net losses estimated to be reclassified from AOCI into earnings over the next twelve months is $(0.6), net of tax and noncontrolling interest. Spectrum Brands is exposed to risk from fluctuating prices for raw materials, specifically zinc used in its manufacturing processes. Spectrum Brands hedges a portion of the risk associated with these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At December 30, 2012, Spectrum Brands had a series of such swap contracts outstanding through September 2014 for 12 tons of raw materials with a contract value of $24.3. The derivative net gain on these contracts recorded in AOCI at December 30, 2012 was $0.9, net of tax expense of $0.3 and noncontrolling interest of $0.6. At December 30, 2012, the portion of derivative net gains estimated to be reclassified from AOCI into earnings over the next twelve months is $0.5, net of tax and noncontrolling interest. Fair Value Contracts Spectrum Brands periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require Spectrum Brands to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Balance Sheets. The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At December 30, 2012 and September 30, 2012, Spectrum Brands had $162.8 and $172.6, respectively, of notional value for such foreign exchange derivative contracts outstanding. Credit Risk Spectrum Brands is exposed to the risk of default by the counterparties with which Spectrum Brands transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. Spectrum Brands monitors counterparty credit risk on an individual basis by periodically assessing each such counterparty’s credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives that are concentrated with certain domestic and foreign financial institution counterparties. Spectrum Brands considers these exposures when measuring its credit reserve on its derivative assets, which was insignificant at December 30, 2012 and $0.1 at September 30, 2012, respectively. Spectrum Brands’ standard contracts do not contain credit risk related contingent features whereby Spectrum Brands would be required to post additional cash collateral as a result of a credit event. However, Spectrum Brands is typically required to post collateral in the normal course of business to offset its liability positions. At December 30, 2012 and September 30, 2012, Spectrum Brands had posted cash collateral of $0.5 and $0.1, respectively, related to such liability positions. In addition, at December 30, 2012 and September 30, 2012, Spectrum Brands had no posted standby letters of credit related to such liability positions. The cash collateral is included in “Receivables, net” within the accompanying Condensed Consolidated Balance Sheet. FGL is exposed to credit loss in the event of nonperformance by its counterparties on the call options and reflects assumptions regarding this nonperformance risk in the fair value of the call options. The nonperformance risk is the net counterparty exposure based on the fair value of the open contracts less collateral held. FGL maintains a policy of requiring all derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement. Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
FIA Contracts FGL has FIA contracts that permit the holder to elect an interest rate return or an equity index linked component, where interest credited to the contracts is linked to the performance of various equity indices, primarily the Standard and Poor’s (“S&P”) 500 Index. This feature represents an embedded derivative under US GAAP. The FIA embedded derivative is valued at fair value and included in the liability for contractholder funds in the accompanying Condensed Consolidated Balance Sheets with changes in fair value included as a component of benefits and other changes in policy reserves in the Condensed Consolidated Statements of Operations. FGL purchases derivatives consisting of a combination of call options and futures contracts on the applicable market indices to fund the index credits due to FIA contractholders. The call options are one, two and three year options purchased to match the funding requirements of the underlying policies. On the respective anniversary dates of the index policies, the index used to compute the interest credit is reset and FGL purchases new one, two or three year call options to fund the next index credit. FGL manages the cost of these purchases through the terms of its FIA contracts, which permit FGL to change caps or participation rates, subject to guaranteed minimums, on each contract’s anniversary date. The change in the fair value of the call options and futures contracts is generally designed to offset the portion of the change in the fair value of the FIA embedded derivative related to index performance. The call options and futures contracts are marked to fair value with the change in fair value included as a component of “Net investment gains.” The change in fair value of the call options and futures contracts includes the gains and losses recognized at the expiration of the instrument term or upon early termination and the changes in fair value of open positions. Other market exposures are hedged periodically depending on market conditions and FGL’s risk tolerance. FGL’s FIA hedging strategy economically hedges the equity returns and exposes FGL to the risk that unhedged market exposures result in divergence between changes in the fair value of the liabilities and the hedging assets. FGL uses a variety of techniques, including direct estimation of market sensitivities and value-at-risk, to monitor this risk daily. FGL intends to continue to adjust the hedging strategy as market conditions and FGL’s risk tolerance change. Collateral Agreements FGL is required to maintain minimum ratings as a matter of routine practice under its ISDA agreements. Under some ISDA agreements, FGL has agreed to maintain certain financial strength ratings. A downgrade below these levels provides the counterparty under the agreement the right to terminate the open derivative contracts between the parties, at which time any amounts payable by FGL or the counterparty would be dependent on the market value of the underlying derivative contracts. FGL’s current rating allows multiple counterparties the right to terminate ISDA agreements. No ISDA agreements have been terminated, although the counterparties have reserved the right to terminate the ISDA agreements at any time. In certain transactions, FGL and the counterparty have entered into a collateral support agreement requiring either party to post collateral when the net exposures exceed pre-determined thresholds. These thresholds vary by counterparty and credit rating. As of December 30, 2012 and September 30, 2012, no collateral was posted by FGL’s counterparties as they did not meet the net exposure thresholds. Accordingly, the maximum amount of loss due to credit risk that FGL would incur if parties to the call options failed completely to perform according to the terms of the contracts was $152.5 and $200.7 at December 30, 2012 and September 30, 2012, respectively. FGL held 2,001 and 2,835 futures contracts at December 30, 2012 and September 30, 2012, respectively. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). FGL provides cash collateral to the counterparties for the initial and variation margin on the futures contracts which is included in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. The amount of collateral held by the counterparties for such contracts was $6.9 and $9.8 at December 30, 2012 and September 30, 2012, respectively. |
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- Definition
The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments
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Dec. 30, 2012
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Fair Value of Financial Instruments | (4) Fair Value of Financial Instruments The Company’s measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk, which may include the Company’s own credit risk. The Company’s estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). The Company categorizes financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows: Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date. Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads and yield curves. Level 3 — Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lower level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources.
The carrying amounts and estimated fair values of the Company’s consolidated financial instruments for which the disclosure of fair values is required, including (i) financial assets and liabilities measured and carried at fair value on a recurring basis, and (ii) financial assets and liabilities not measured at fair value but for which fair value disclosures are required; are summarized according to the hierarchy previously described as follows:
Valuation Methodologies FGL measures the fair value of its securities based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the fixed maturity or equity security, and FGL will then consistently apply the valuation methodology to measure the security’s fair value. FGL’s fair value measurement is based on a market approach, which utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach include a third-party pricing service, independent broker quotations or pricing matrices. FGL uses observable and unobservable inputs in its valuation methodologies. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators and industry and economic events are monitored and further market data will be acquired when certain thresholds are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For broker-quoted only securities, quotes from market makers or broker-dealers are obtained from sources recognized to be market participants. Management believes the broker quotes are prices at which trades could be executed based on historical trades executed at broker-quoted or slightly higher prices. The fair value of the asset-backed loans originated by Salus approximate their carrying value, as those loans carry a variable rate, are revolving in nature, and can be settled at the demand of either party. FGL did not adjust prices received from third parties as of December 30, 2012 and September 30, 2012. However, FGL does analyze the third party valuation methodologies and its related inputs to perform assessments to determine the appropriate level within the fair value hierarchy. The fair value of derivative assets and liabilities is based upon valuation pricing models, which represents what FGL would expect to receive or pay at the balance sheet date if it cancelled the options, entered into offsetting positions, or exercised the options. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). Fair values for these instruments are determined externally by an independent actuarial firm using market observable inputs, including interest rates, yield curve volatilities, and other factors. Credit risk related to the counterparty is considered when estimating the fair values of these derivatives. The fair values of the embedded derivatives in FGL’s FIA products are derived using market indices, pricing assumptions and historical data. Investment contracts include deferred annuities, FIAs, IUL and immediate annuities. The fair values of deferred annuity, FIAs, and IUL contracts are based on their cash surrender value (i.e. the cost FGL would incur to extinguish the liability) as these contracts are generally issued without an annuitization date. The fair value of immediate annuities contracts is derived by calculating a new fair value interest rate using the updated yield curve and treasury spreads as of the respective reporting date. At December 30, 2012 and September 30, 2012, this resulted in lower fair value reserves relative to the carrying value. FGL is not required to and has not estimated the fair value of the liabilities under contracts that involve significant mortality or morbidity risks, as these liabilities fall within the definition of insurance contracts that are exceptions from financial instruments that require disclosure of fair value. Goodwill, intangible assets and other long-lived assets are also tested annually or if an event occurs that indicates an impairment loss may have been incurred using fair value measurements with unobservable inputs (Level 3).
Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of December 30, 2012 is as follows:
The significant unobservable inputs used in the fair value measurement of the contingent purchase price reduction receivable are the probability of collection depending on the outcomes of litigation and regulatory action, the expected term until payment, discount rate and the credit insurance risk premium. Generally, an increase in the assumptions for the expected term, discount rate and credit insurance risk premium would decrease the fair value of the contingent purchase price receivable. An increase in the probability of collection would increase the fair value of the contingent purchase price reduction receivable. The significant unobservable inputs used in the fair value measurement of FIA embedded derivatives included in contractholder funds are market value of option, interest swap rates, mortality multiplier, surrender rates, and non-performance spread. The mortality multiplier is based on the 1983 annuity table and assumes the contractholder population is 50% female and 50% male. Significant increases (decreases) in the market value of option in isolation would result in a higher (lower) fair value measurement. Significant increases (decreases) in interest swap rates, mortality multiplier, surrender rates, or non-performance spread in isolation would result in a lower (higher) fair value measurement. Generally, a change in any one unobservable input would not result in a change in any other unobservable input.
The significant unobservable inputs used in the fair value measurement of the equity conversion feature of the Company’s Preferred Stock are annualized volatility of the market value of the Company’s listed shares of common stock, the discount yield as of the valuation date, a calibration factor to the issued date fair value of the Preferred Stock and the forecasted non-cash accretion rate. Significant increases (decreases) in any of the inputs in isolation would result in a significantly higher (lower) fair value measurement. Generally, an increase in the assumptions used for the volatility and discount yield assumptions would increase the fair value of the equity conversion feature of preferred stock, and maintaining a higher forecasted non-cash accretion rate, would also increase the fair value of the equity conversion feature of preferred stock. A decrease in the calibration factor would result in an increase in the fair value of the equity conversion feature of preferred stock. The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three months ended December 30, 2012 and January 1, 2012. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
FGL reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3, or between other levels, at the beginning fair value for the reporting period in which the changes occur. There were no transfers between Level 1 and Level 2 for the three months ended December 30, 2012 and January 1, 2012. During the three months ended December 30, 2012, primary market issuance and secondary market activity for certain asset-backed and hybrid securities increased the market observable inputs used to establish fair values for similar securities. These factors, along with more consistent pricing from third-party sources, resulted in FGL’s conclusion that there is sufficient trading activity in similar instruments to support classifying these securities as Level 2 as of December 30, 2012 and January 1, 2012. Accordingly, FGL’s assessment resulted in a transfer out of Level 3 of $14.2 related primarily to asset-backed and hybrid securities during the three months ended December 30, 2012 and $10.4 related to corporate securities during the three months ended January 1, 2012. There were also net transfers into Level 3 of $0.1 related to corporate securities and $0.1 related to municipal securities during the three months ended December 30, 2012 and January 1, 2012, respectively. |
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Intangibles, including DAC and VOBA
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Dec. 30, 2012
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Goodwill and Intangibles, including DAC and VOBA | (5) Goodwill and Intangibles, including DAC and VOBA A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s DAC and VOBA balances, are as follows:
Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Definite lived intangible assets include customer relationships, proprietary technology intangibles and certain trade names that are amortized using the straight-line method over their estimated useful lives of ranging from one to twenty years. Goodwill and indefinite lived trade name intangibles are not amortized and are tested for impairment at least annually at our August financial period end, or more frequently if an event or circumstance indicates that an impairment loss may have been incurred between annual impairment tests. Amortization of DAC and VOBA is based on the amount of gross margins or profits recognized, including investment gains and losses. The adjustment for unrealized net investment gains represents the amount of DAC and VOBA that would have been amortized if such unrealized gains and losses had been recognized. This is referred to as the “shadow adjustments” as the additional amortization is reflected in other comprehensive income rather than the statement of operations. As of December 30, 2012 and September 30, 2012, the VOBA balance included cumulative adjustments for net unrealized investment gains of $308.2 and $339.4, respectively, and the DAC balances included cumulative adjustments for net unrealized investment gains of $53.9 and $50.7, respectively. Amortization of VOBA and DAC for the three months ended December 30, 2012 and January 1, 2012 was $58.9 and $36.5, and $10.6 and $5.6, respectively. The above DAC balances include $10.7 and $9.1 of deferred sales inducements (“DSI”), net of shadow adjustments, as of December 30, 2012 and September 30, 2012 respectively. Definite lived intangible assets are summarized as follows:
Amortization expense for definite lived intangible assets is as follows:
The Company estimates annual amortization expense of amortizable intangible assets for the next five fiscal years will approximate $78.5 per year. The weighted average amortization period for VOBA and DAC are approximately 5.3 and 6.1 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt
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Debt | (6) Debt The Company’s consolidated debt consists of the following:
HGI In December 2012, the Company issued the 7.875% Notes and used part of the proceeds of the offering to accept for purchase $498.0 aggregate principal amount of its 10.625% Notes pursuant to a tender offer for the 10.625% Notes. Additionally, the Company deposited sufficient funds in trust with the trustee under the indenture governing the 10.625% Notes in satisfaction and discharge of the remaining $2.0 aggregate principal amount of the 10.625% Notes (the “Satisfaction and Discharge”). As a result of the Satisfaction and Discharge, the trustee became the primary obligor for payment of the remaining 10.625% Notes on or about the call date of the Satisfaction and Discharge on December 24, 2012. HGI has a contingent obligation for payment of the 10.625% Notes were the trustee to default on its payment obligations. The Company believed the risk of such default is remote and therefore has not recorded a related liability. The remaining 10.625% Notes were redeemed by the trustee on January 23, 2013. In connection with the Tender Offer and Satisfaction and Discharge, HGI recorded $58.9 of charges to “Interest Expense” in the Condensed Consolidated Statements of Operations for the three month period ended December 30, 2012, consisting of $45.7 cash charges for fees and expenses related to the Tender Offer, $0.2 cash charges related to the Satisfaction and Discharge and $13.0 of non-cash charges for the write down of debt issuance costs and net unamortized discount. The 7.875% Notes were sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons in offshore transactions in reliance on Regulation S, under the Securities Act. The 7.875% Notes were issued at an aggregate price equal to 99.36% of the principal amount thereof, with a net original issue discount of $4.5. Interest on the 7.875% Notes is payable semi-annually, through July 15, 2019, but if the Company’s Preferred Stock has not been redeemed, repurchased or otherwise retired prior to May 13, 2018; then the 7.875% Notes will mature on May 13, 2018. The 7.875% Notes are collateralized with a first priority lien on substantially all of the assets directly held by HGI, including stock in HGI’s direct subsidiaries (with the exception of Zap.Com Corporation, but including Spectrum Brands, Harbinger F&G, LLC (“HFG”) and HGI Funding LLC) and the HGI’s directly held cash and investment securities. In connection with the 7.875% Note offering the Company recorded $19.2 of fees during the three months ended December 30, 2012. These fees are classified as “Other assets” in the accompanying Condensed Consolidated Balance Sheets as of December 30, 2012, and are being amortized to interest expense utilizing the effective interest method over the term of the 7.875% Notes. The Company has the option to redeem the 7.875% Notes prior to January 15, 2016 at a redemption price equal to 100% of the principal amount plus a make-whole premium and accrued and unpaid interest, if any, to the date of redemption. At any time on or after January 15, 2016, the Company may redeem some or all of the 7.875% Notes at certain fixed redemption prices expressed as percentages of the principal amount, plus accrued and unpaid interest. At any time prior to January 15, 2016, the Company may redeem up to 35% of the original aggregate principal amount of the 7.875% Notes with net cash proceeds received by us from certain equity offerings at a price equal to 107.875% of the principal amount of the 7.875% Notes redeemed, plus accrued and unpaid interest, if any, to the date of redemption, provided that redemption occurs within 90 days of the closing date of such equity offering, and at least 65% of the aggregate principal amount of the 7.875% Notes remains outstanding immediately thereafter. The Indenture governing the 7.875% Notes contains covenants limiting, among other things, and subject to certain qualifications and exceptions, the Company’s ability, and, in certain cases, the ability of the Company’s subsidiaries, to incur additional indebtedness; create liens; engage in sale-leaseback transactions; pay dividends or make distributions in respect of capital stock; make certain restricted payments; sell assets; engage in transactions with affiliates; or consolidate or merge with, or sell substantially all of the Company’s assets to, another person. The Company is also required to maintain compliance with certain financial tests, including minimum liquidity and collateral coverage ratios that are based on the fair market value of the collateral, including the Company’s equity interests in Spectrum Brands and its other subsidiaries such as HFG and HGI Funding LLC. At December 30, 2012, the Company was in compliance with all covenants under the indenture governing the 7.875% Notes. Spectrum Brands Term Loan In December 2012, Spectrum Brands entered into the Term Loan which matures on December 17, 2019, and provides borrowings in an aggregate principal amount of $800.0, with $100.0 in Canadian dollar equivalents in connection with the acquisition of the HHI Business from Stanley Black & Decker. A portion of the Term Loan proceeds were used to refinance the former term loan facility, maturing June 17, 2016, which had an aggregate amount outstanding of $370.2 prior to refinancing. In connection with the refinancing, Spectrum Brands recorded accelerated amortization of portions of the unamortized discount and unamortized debt issuance costs totaling $5.5 as an adjustment to interest expense during the three month period ended December 30, 2012 The Term Loan contains financial covenants with respect to debt, including, but not limited to, a fixed charge ratio. In addition, the Term Loan contains customary restrictive covenants, including, but not limited to, restrictions on Spectrum Brands’ ability to incur additional indebtedness, create liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. Pursuant to a guarantee and collateral agreement, Spectrum Brands, its domestic subsidiaries and its Canadian subsidiaries have guaranteed their respective obligations under the Term Loan and related loan documents and have pledged substantially all of their respective assets to secure such obligations. The Term Loan also provides for customary events of default, including payment defaults and cross-defaults on other material indebtedness. 6.375% Notes and 6.625% Notes In December 2012, in connection with the Hardware Acquisition, Spectrum Brands Escrow Corp offered the 6.375% Notes and the 6.625% Notes, at par value. The 6.375% Notes and the 6.625% Notes were assumed at par value by Spectrum Brands, upon closing of the acquisition. The 6.375% Notes and the 6.625% Notes are unsecured and guaranteed by Spectrum Brands’ parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries. Spectrum Brands may redeem all or part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 6.375% Notes and the 6.625% Notes (together, the “2020/22 Indenture”), requires Spectrum Brands to make an offer, in cash, to repurchase all or a portion of the applicable outstanding 6.375% Notes and 6.625% Notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of Spectrum Brands, as defined in such indenture. The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates. In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes. If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes.
ABL Facility In December 2012, Spectrum Brands exercised its option to increase its asset based lending revolving credit facility (the “ABL Facility”) from $300.0 to $400.0 and extend the maturity to May 24, 2017. As a result of borrowings and payments under the ABL Facility, at December 30, 2012, Spectrum Brands had aggregate borrowing availability of approximately $133.3, net of lender reserves of $7.9 and outstanding letters of credit of $25.4. In connection with the 6.375% Note offering, the 6.625% Note offering, the issuance of the Term Loan and the amendment to the ABL Facility, Spectrum Brands recorded $43.6 of fees during the three month period ended December 30, 2012. The fees are classified as “Other assets” in the accompanying Condensed Consolidated Balance Sheets as of December 30, 2012 and are being amortized to interest expense utilizing the effective interest method over the respective terms of the debt. In addition, Spectrum Brands recorded charges to “Interest expense” aggregating $2.4 during the three months ended December 30, 2012, for cash fees and expenses in connection with the issuance of the Term Loan. |
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Defined Benefit Plans
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Defined Benefit Plans | (7) Defined Benefit Plans HGI HGI has a noncontributory defined benefit pension plan (the “HGI Pension Plan”) covering certain former U.S. employees. During 2006, the HGI Pension Plan was frozen which caused all existing participants to become fully vested in their benefits. Additionally, HGI has an unfunded supplemental pension plan (the “Supplemental Plan”) which provides supplemental retirement payments to certain former senior executives of HGI. The amounts of such payments equal the difference between the amounts received under the HGI Pension Plan and the amounts that would otherwise be received if HGI Pension Plan payments were not reduced as the result of the limitations upon compensation and benefits imposed by Federal law. Effective December 1994, the Supplemental Plan was frozen. Spectrum Brands Spectrum Brands has various defined benefit pension plans (the “Spectrum Brands Pension Plans”) covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom, the Netherlands, Germany, Guatemala, Brazil and Mexico. The Spectrum Brands Pension Plans generally provide benefits of stated amounts for each year of service. Spectrum Brands funds its U.S. pension plans in accordance with the Internal Revenue Service defined guidelines and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with Spectrum Brands’ funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. Spectrum Brands also provides post-retirement life insurance and medical benefits to certain retirees under two separate contributory plans.
Consolidated The components of consolidated net periodic benefit and deferred compensation benefit costs and contributions made are as follows:
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The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reinsurance
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Reinsurance | (8) Reinsurance FGL reinsures portions of its policy risks with other insurance companies. The use of reinsurance does not discharge an insurer from liability on the insurance ceded. The insurer is required to pay in full the amount of its insurance liability regardless of whether it is entitled to or able to receive payment from the reinsurer. The portion of risks exceeding FGL’s retention limit is reinsured with other insurers. FGL seeks reinsurance coverage in order to limit its exposure to mortality losses and enhance capital management. FGL follows reinsurance accounting when there is adequate risk transfer. Otherwise, the deposit method of accounting is followed. FGL also assumes policy risks from other insurance companies. The effect of reinsurance on premiums earned, benefits incurred and reserve changes were as follows:
Amounts payable or recoverable for reinsurance on paid and unpaid claims are not subject to periodic or maximum limits. During the three months ended December 30, 2012 and January 1, 2012, FGL did not write off any reinsurance balances nor did it commute any ceded reinsurance. As discussed below under “Wilton Agreement,” FGL monitors the risk of default by reinsurers. No policies issued by FGL have been reinsured with any foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. FGL has not entered into any reinsurance agreements in which the reinsurer may unilaterally cancel any reinsurance for reasons other than non-payment of premiums or other similar credit issues. FGL had the following significant reinsurance agreements during the three months ended December 30, 2012 and January 1, 2012 as described below.
Wilton Agreement On January 26, 2011, HFG entered into a commitment agreement (the “Commitment Agreement”) with Wilton Re U.S. Holdings, Inc. (“Wilton”) committing Wilton Re, a wholly-owned subsidiary of Wilton and a Minnesota insurance company, to enter into one of two amendments to an existing reinsurance agreement with Fidelity & Guaranty Life Insurance Company (“FGL Insurance”). On April 8, 2011, FGL Insurance ceded significantly all of the remaining life insurance business that it had retained to Wilton Re under the first of the two amendments with Wilton. FGL Insurance transferred assets with a fair value of $535.8, net of ceding commission, to Wilton Re. The Company considered the effects of the first amendment in the opening balance sheet and purchase price allocation as of April 6, 2011, the effective date of the Company’s acquisition of FGL from OM Group (UK) Limited (“OMGUK”) (the “FGL Acquisition”). Effective April 26, 2011, HFG elected the second of the two amendments under the Commitment Agreement (the “Raven Springing Amendment”), which committed FGL Insurance to cede to Wilton Re all of the business (the “Raven Block”) then reinsured with Raven Reinsurance Company (“Raven Re”), a wholly-owned subsidiary of FGL, on or before December 31, 2012. On September 9, 2011, FGL Insurance and Wilton Re executed an amended and restated Raven Springing Amendment whereby the recapture of the business ceded to Raven Re by FGL Insurance and the re-cession to Wilton Re closed on October 17, 2011 with an effective date of October 1, 2011. In connection with the closing, FGL Insurance transferred assets with a fair value of $580.7, including ceding commission, to Wilton Re. In September 2012, Wilton Re and FGL Insurance reached a final agreement on the initial settlements associated with the reinsurance transactions FGL Insurance entered into subsequent to the FGL Acquisition. The final settlement amounts did not result in any material adjustments to the amounts reflected in the financial statements. FGL Insurance recognized a net pre-tax gain of $18.0 on these reinsurance transaction which has been deferred and is being amortized over the remaining life of the underlying reinsured contracts. Commissioners Annuity Reserve Valuation Method Facility (“CARVM”) Effective October 1, 2012, FGL Insurance recaptured the CARVM reinsurance agreement from Old Mutual Reassurance (Ireland) Ltd., an affiliate of OM Group (“OM Re”) and simultaneously ceded the business to Raven Re. The recapture of the OM Re CARVM reinsurance agreement satisfied FGL’s obligation under the F&G Stock Purchase Agreement to replace the letter of credit provided by Old Mutual no later than December 31, 2015. In connection with the new CARVM reinsurance agreement, FGL and Raven Re entered into an agreement with Nomura Bank International plc (“Nomura”) to establish a $295.0 reserve financing facility in the form of a letter of credit issued by Nomura and Nomura charged an upfront structuring fee in the amount of $2.8. The structuring fee was paid by FGL Insurance and will be deferred and amortized over the expected life of the facility. As this letter of credit is provided by an unaffiliated financial institution, Raven Re is permitted to carry the letter of credit as an admitted asset on the Raven Re statutory balance sheet. Front Street Subsequent to the end of the quarter on December 30, 2012, FGL Insurance entered into a reinsurance treaty with Front Street Re (Cayman) Ltd. (“Front Street Cayman”), an indirectly wholly-owned subsidiary of HFG, FGL’s parent, whereby FGL cedes 10% of its in-force annuity block of business as of June 30, 2012, on a funds withheld basis. For additional information, see Note 18, Subsequent Events, to our Condensed Consolidated Financial Statements. |
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The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Compensation
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Stock Compensation | The Company recognized consolidated stock compensation expense as follows:
The amounts before taxes and non-controlling interest are principally included in “Selling, acquisition, operating and general expenses” in the accompanying Condensed Consolidated Statements of Operations. A summary of stock options outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and FGL’s respective incentive plans are as follows (share amounts in thousands):
A summary of restricted stock and restricted stock units outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and Spectrum Brands’ respective incentive plans are as follows (share amounts in thousands):
HGI HGI granted stock option awards representing approximately 1,498 thousand and 75 thousand shares during the three months ended December 30, 2012 and January 1, 2012, respectively. All of these grants are time based, and vests either immediately, or over periods of 12 to 36 months. The total fair value of the stock option grants on their respective grant dates were approximately $5.3 and $0.1, respectively. HGI granted restricted stock awards representing approximately 3,227 thousand and 68 thousand shares during the three months ended December 30, 2012 and January 1, 2012, respectively. All of these grants are time based, and vests either immediately, or over periods of 7 to 36 months. The total fair value of the restricted stock grants on their respective grant dates were approximately $27.5 and $0.3, respectively. HGI granted restricted stock unit awards representing approximately 22 thousand shares during the three months ended January 1, 2012. All of these grants are time based, and vests either immediately, or over periods of 7 to 12 months. The total fair value of the restricted stock grants on their respective grant dates was approximately $0.1. Under HGI’s executive bonus plan for Fiscal 2013, executives will be paid in cash, stock options and restricted stock shares. The equity grants will have a grant date in the first fiscal quarter of 2014 and the shares will vest between 12 and 36 months from the grant date. As of December 30, 2012, there was approximately $25.1 of total unrecognized compensation costs related to unvested share-based compensation agreements, which is expected to be recognized over a weighted-average period of 2.74 years. The fair values of restricted stock and restricted stock unit awards are determined based on the market price of HGI’s common stock on the grant date. The fair value of stock option awards is determined using the Black-Scholes option pricing model. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
The weighted-average remaining contractual term of outstanding stock option awards at December 30, 2012, was 9.46 years.
Spectrum Brands Spectrum Brands granted restricted stock unit awards representing approximately 574 thousand shares during the three months ended December 30, 2012. Of these grants, 22 thousand restricted stock units are time based and vest over a one year period. Of the remaining 552 thousand restricted stock units, 90 thousand are performance based and vest over a one year period, and 462 thousand are performance and time-based and vest over a two year period. The total fair value of the restricted stock units on the dates of the grants was approximately $25.6. Spectrum Brands granted restricted stock unit awards representing approximately 704 shares during the three months ended January 1, 2012. Of these 704 thousand grants, 17 thousand restricted stock units are time-based and vest over a one year period. The remaining 687 thousand restricted stock units are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately $18.9. The fair values of restricted stock awards and restricted stock units are determined based on the market price of Spectrum Brands’ common stock on the grant date. FGL On November 2, 2011, FGL’s compensation committee (on behalf of its board of directors) approved a long-term stock-based incentive plan that permits the grant of options to purchase shares of FGL common stock to key employees of FGL. On November 2, 2011, FGL’s compensation committee also approved a dividend equivalent plan that permits holders of these options the right to receive a payment in cash in an amount equal to the ordinary dividends declared and paid or debt service payments to HGI by FGL in each calendar year, divided by the total number of FGL common shares outstanding, starting in the year in which the dividend equivalent is granted through the year immediately prior to the year in which the dividend equivalent vests with respect to a participant’s option shares. As of December 30, 2012, FGL determined that it was probable that the dividend equivalent will vest and recorded a provision of $0.7 for the ratable recognition of such projected liability over the option vesting period. The weighted-average remaining contractual term of outstanding stock option awards at December 30, 2012, was 1.84 years. |
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- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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3 Months Ended |
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Dec. 30, 2012
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Income Taxes | For the three months ended December 30, 2012 and January 1, 2012, the Company’s effective tax rates of 48.6% and 46.5%, respectively, were higher than the United States Federal statutory rate of 35%, primarily as a result of (i) pretax losses in the United States and some foreign jurisdictions for which the Company concluded that the tax benefits are not more-likely-than-not realizable, (ii) deferred income tax expense due to changes in the tax bases of indefinite lived intangibles that are amortized for tax purposes, but not for book purposes, and (iii) tax expense on income in certain other foreign jurisdictions that will not be creditable in the United States. Partially offsetting these factors in the three months ended December 30, 2012 and January 1, 2012 were the releases of U.S. valuation allowances of $45.9 and $13.9, respectively, on deferred tax assets that Spectrum Brands has determined are more-likely-than-not realizable as a result of recent acquisitions. Net operating loss (“NOL”) and tax credit carryforwards of HGI and Spectrum Brands are subject to full valuation allowances and those of FGL are subject to partial valuation allowances, as the Company concluded all or a portion of the associated tax benefits are not more-likely-than-not realizable. Utilization of NOL and other tax credit carryforwards of HGI, Spectrum Brands and FGL are subject to limitations under Internal Revenue Code (“IRC”) Sections 382 and 383. Such limitations result from ownership changes of more than 50 percentage points over a three-year period. The Company recognizes in its consolidated financial statements the impact of a tax position if it concludes that the position is more likely than not sustainable upon audit, based on the technical merits of the position. At December 30, 2012 and September 30, 2012, the Company had $5.5 and $5.9, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3.4 and $3.6, respectively, of accrued interest and penalties related to the uncertain tax positions at those dates. Interest and penalties related to uncertain tax positions are reported in the financial statements as part of income tax expense. As of December 30, 2012, certain of the Company’s legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized. |
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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Earnings Per Share | (11) Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share (“EPS”) utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HGI common stock outstanding, excluding nonvested restricted stock. |
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies
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Dec. 30, 2012
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Commitments and Contingencies | (12) Commitments and Contingencies The Company has aggregate reserves for its legal, environmental and regulatory matters of approximately $21.2 at December 30, 2012. These reserves relate primarily to the matters described below. However, based on currently available information, including legal defenses available to the Company, and given the aforementioned reserves and related insurance coverage, the Company does not believe that the outcome of these legal, environmental and regulatory matters will have a material effect on its financial position, results of operations or cash flows. Legal and Environmental Matters HGI HGI is a nominal defendant, and the members of its board of directors are named as defendants in a derivative action filed in December 2010 by Alan R. Kahn in the Delaware Court of Chancery. The plaintiff alleges that the Spectrum Brands acquisition was financially unfair to HGI and its public stockholders and seeks unspecified damages and the rescission of the transaction. The Company believes the allegations are without merit and intends to vigorously defend this matter. HGI is also involved in other litigation and claims incidental to its current and prior businesses. These include worker compensation and environmental matters and pending cases in Mississippi and Louisiana state courts and in a Federal multi-district litigation alleging injury from exposure to asbestos on offshore drilling rigs and shipping vessels formerly owned or operated by its offshore drilling and bulk-shipping affiliates. Based on currently available information, including legal defenses available to it, and given its reserves and related insurance coverage, the Company does not believe that the outcome of these legal and environmental matters will have a material effect on its financial position, results of operations or cash flows. Spectrum Brands Spectrum Brands has provided approximately $5.3 for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. Spectrum Brands believes that any additional liability which may result from resolution of these matters in excess of the amounts provided for will not have a material adverse effect on the financial condition, results of operations or cash flows of Spectrum Brands. Spectrum Brands is a defendant in various other matters of litigation generally arising out of the ordinary course of business. FGL FGL is involved in various pending or threatened legal proceedings, including purported class actions, arising in the ordinary course of business. In some instances, these proceedings include claims for unspecified or substantial punitive damages and similar types of relief in addition to amounts for alleged contractual liability or requests for equitable relief. In the opinion of FGL management and in light of existing insurance and other potential indemnification, reinsurance and established reserves, such litigation is not expected to have a material adverse effect on FGL’s financial position, although it is possible that the results of operations and cash flows could be materially affected by an unfavorable outcome in any one period. Regulatory Matters FGL FGL is assessed amounts by the state guaranty funds to cover losses to policyholders of insolvent or rehabilitated insurance companies. Those mandatory assessments may be partially recovered through a reduction in future premium taxes in certain states. At December 30, 2012, FGL has accrued $5.8 for guaranty fund assessments which is expected to be offset by estimated future premium tax deductions of $4.3. FGL has received inquiries from a number of state regulatory authorities regarding its use of the U.S. Social Security Administration’s Death Master File (“Death Master File”) and compliance with state claims practices regulation. To date, FGL has received inquiries from authorities in Maryland, Minnesota and New York. The New York Insurance Department issued a letter and subsequent regulation requiring life insurers doing business in New York to use the Death Master File or similar databases to determine if benefits were payable under life insurance policies, annuities, and retained asset accounts. Legislation requiring insurance companies to use the Death Master File to identify potential claims has recently been enacted in FGL’s state of domicile (Maryland) and other states. As a result of these legislative and regulatory developments, in May 2012 FGL undertook an initiative to use the Death Master File and other publicly available databases to identify persons potentially entitled to benefits under life insurance policies, annuities and retained asset accounts. In July 2012, FGL incurred an $11.0 pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable resulting from this ongoing effort. Based on its analysis to date and management’s estimate, FGL believes this accrual will cover the reasonably estimated liability arising out of these developments. In addition, FGL has received audit and examination notices from several state agencies responsible for escheatment and unclaimed property regulation in those states. FGL has established a contingency of $2.0, the mid-point of an estimated range of $1.0 to $3.0, related to the external legal costs and potential liabilities of said audits and examinations. Additional costs that cannot be reasonably estimated as of the date of this filing are possible as a result of ongoing regulatory developments and other future requirements related to this matter. Guarantees Throughout its history, the Company has entered into indemnifications in the ordinary course of business with customers, suppliers, service providers, business partners and, in certain instances, when it sold businesses. Additionally, the Company has indemnified its directors and officers who are, or were, serving at the request of the Company in such capacities. Although the specific terms or number of such arrangements is not precisely known due to the extensive history of past operations, costs incurred to settle claims related to these indemnifications have not been material to the Company’s financial statements. The Company has no reason to believe that future costs to settle claims related to its former operations will have a material impact on its financial position, results of operations or cash flows. The F&G Stock Purchase Agreement between HFG and OMGUK includes a Guarantee and Pledge Agreement which creates certain obligations for FGL as a grantor and also grants a security interest to OMGUK of FGL’s equity interest in FGL Insurance in the event that HFG fails to perform in accordance with the terms of the F&G Stock Purchase Agreement. The Company is not aware of any events or transactions that resulted in non-compliance with the Guarantee and Pledge Agreement. Unfunded Asset Based Lending Commitments Through Salus, the Company enters into commitments to extend credit to meet the financing needs of its asset based lending customers upon satisfaction of certain conditions. At December 30, 2012, the notional amount of unfunded, legally binding lending commitments was approximately $128.8, of which $9.1 expires in one year or less, and the remainder expires between one and four years. Shareholder Contingencies The Master Fund has pledged all of its shares of the Company’s common stock, together with securities of other issuers to secure a certain portfolio financing, which as of the date hereof, constitutes a majority of the outstanding shares of the Company’s common stock. The sale or other disposition of a sufficient number of such shares (including any foreclosure on or sale of the Company’s shares pledged as collateral) to non-affiliates could cause the Company and its subsidiaries to experience a change of control, which may accelerate certain of the Company’s and its subsidiaries’ debt instruments and other obligations (including the 7.875% Notes and Preferred Stock) and/or allow certain counterparties to terminate their agreements. Any such sale or disposition may also cause the Company and its subsidiaries to be unable to utilize certain of their net operating loss carryforwards and other tax attributes for income tax purposes. |
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions
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Acquisitions | Spectrum Brands’ Acquisition of Stanley Black & Decker’s Hardware and Home Improvement Business On December 17, 2012, Spectrum Brands completed the cash acquisition of the HHI Business from Stanley Black & Decker. The following table summarizes the preliminary consideration paid for the HHI Business:
The HHI Business is a major manufacturer and supplier of residential locksets, residential builders’ hardware and faucets with a portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as the SmartKey, a re-keyable lockset technology, and Smart Code Home Connect. HHI Business customers include retailers, non-retail distributors and homebuilders. Headquartered in Lake Forest, California, the HHI Business has a global sales force and operates manufacturing and distribution facilities in the U.S., Canada, Mexico and Asia. A portion of the Hardware Acquisition consisting of the purchase of certain assets of TLM Taiwan has not yet closed. Spectrum Brands paid Stanley Black & Decker the negotiated sales price of $100.0 on December 17, 2012, which is being held in escrow until the close of the TLM Taiwan acquisition. This payment was made in conjunction with the close of the HHI Business acquisition and is classified within Other assets in the Company’s Condensed Consolidated Statements of Operations The results of HHI Business operations since December 17, 2012 are included in the Company’s Condensed Consolidated Statements of Operations. Preliminary Valuation of Assets and Liabilities The preliminary fair values of net tangible and intangible assets acquired and liabilities assumed in connection with the purchase of the HHI Business have been recognized in the Condensed Consolidated Balance Sheets based upon their preliminary values at December 17, 2012, as set forth below. The excess of the purchase price over the preliminary net tangible assets and intangible assets was recorded as goodwill, the majority of which is not expected to be deductible for income tax purposes. The preliminary fair values were based upon a preliminary valuation and the estimates and assumptions that are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary valuation that are not yet finalized relate to the fair values of certain tangible assets and liabilities acquired, certain legal matters, amounts for income taxes including deferred tax accounts, amounts for uncertain tax positions, and net operating loss carryforwards inclusive of associated limitations and valuation allowance, the determination of identifiable intangible assets and the final amount of residual goodwill. Additionally, finalized fair values associated with deferred tax accounts could have a material affect on Spectrum Brands’ estimated reversal of its consolidated U.S. valuation allowances recognized during the three month period ended December 30, 2012. See Note 10, Income Taxes, for further information. Spectrum Brands expects to continue to obtain information to assist it in determining the fair values of the net assets acquired at the acquisition date during the measurement period. The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business is as follows:
Preliminary Pre-Acquisition Contingencies Assumed Spectrum Brands has evaluated and continues to evaluate pre-acquisition contingencies relating to the HHI Business that existed as of the acquisition date. Based on the evaluation to date, Spectrum Brands has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, Spectrum Brands has preliminarily recorded its best estimates for these contingencies as part of the preliminary valuation of the assets and liabilities acquired for the HHI Business. Spectrum Brands continues to gather information relating to all pre-acquisition contingencies that it has assumed from the HHI Business. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period any adjustments to pre-acquisition contingency amounts will be reflected in the Company’s Condensed Consolidated Statements of Operations. Preliminary Valuation Adjustments Spectrum Brands performed a preliminary valuation of the assets and liabilities of the HHI Business at December 17, 2012. Significant adjustments as a result of the valuation and he bases for their determination are summarized as follows:
Shaser On November 8, 2012, Spectrum Brands completed the cash acquisition of an approximately 56% interest in Shaser Biosciences, Inc. (“Shaser”). Shaser is a global technology leader in developing energy-based, aesthetic dermatological technology for home use devices. This acquisition was not significant individually. The following table summarizes the preliminary consideration paid for Shaser:
The purchase agreement provides Spectrum Brands with an option, exercisable solely at Spectrum Brands discretion, to acquire the remaining 44% interest of Shaser (the “Call Option”). The Call Option is exercisable any time between January 1, 2017 and March 31, 2017 at a price equal to 1.0x trailing revenues or 7.0x adjusted trailing EBITDA, as defined, for calendar year ended December 31, 2016. As of December 30, 2012, Spectrum Brands has paid approximately half of the negotiated sales price to the seller. The remaining purchase consideration is payable no later than April 2, 2013. The results of Shaser’s operations since November 8, 2012 are included in the Company’s Condensed Consolidated Statements of Operations. Preliminary Valuation of Assets and Liabilities The assets acquired and liabilities assumed in the Shaser acquisition have been measured at their fair values at November 8, 2012 as set forth below. The excess of the purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill, which is not expected to be deductible for income tax purposes. The preliminary fair values recorded were determined based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to the preliminary valuation, amounts for income taxes including deferred tax accounts, uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, certain legal matters and residual goodwill.
The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:
Preliminary Pre-Acquisition Contingencies Assumed Spectrum Brands evaluated and continues to evaluate pre-acquisition contingencies relating to Shaser that existed as of the acquisition date. Based on the evaluation to date, Spectrum Brands has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, Spectrum Brands has preliminarily recorded its best estimates for these contingencies as part of the preliminary accounting for Shaser. Spectrum Brands continues to gather information relating to all pre-acquisition contingencies that it has assumed from Shaser. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period any adjustments to pre-acquisition contingency amounts will be reflected in Spectrum Brands’ results of operations. Preliminary Valuation Adjustments Spectrum Brands performed a preliminary valuation of the acquired proprietary technology assets, the non-controlling interest and the Call Option related to Shaser at November 8, 2012. A summary of the significant key inputs is as follows:
FGL Acquisition Update On April 6, 2011, the Company acquired all of the outstanding shares of capital stock of FGL and certain intercompany loan agreements between the seller, as lender, and FGL, as borrower, for cash consideration of $350.0 (including $5.0 re-characterized as an expense), which amount could be reduced by up to $50.0 post closing (as discussed further below). Contingent Purchase Price Reduction As contemplated by the terms of the F&G Stock Purchase Agreement, Front Street Re, Ltd. (“Front Street”), a then recently formed Bermuda-based reinsurer and wholly-owned subsidiary of the Company sought to enter into a reinsurance agreement (the “Front Street Reinsurance Transaction”) with FGL whereby Front Street would reinsure up to $3,000.0 of insurance obligations under annuity contracts of FGL, and Harbinger Capital Partners II LP (“HCP II”), an affiliate of the Principal Stockholders, would be appointed the investment manager of up to $1,000.0 of assets securing Front Street’s reinsurance obligations under the reinsurance agreement. These assets would be deposited in a reinsurance trust account for the benefit of FGL. The Front Street Reinsurance Transaction required the approval of the Maryland Insurance Administration (the “MIA”). The F&G Stock Purchase Agreement provides that, the seller may be required to pay up to $50.0 as a post-closing reduction in purchase price if, among other things, the Front Street Reinsurance Transaction is not approved by the MIA or is approved subject to certain restrictions or conditions. FGL received written notice, dated January 10, 2012, from the MIA, rejecting the Front Street Reinsurance Transaction, as proposed by the respective parties. HGI is pursuing all available options to recover the full purchase price reduction, including the commencement of litigation against the seller; however, the outcome of any such action is subject to risk and uncertainty and there can be no assurance that any or all of the $50.0 purchase price reduction will be obtained by HGI. Prior to the receipt of the written rejection notice from the MIA, management believed, based on the facts and circumstances at that time, that the likelihood was remote that the purchase price would be required to be reduced. Therefore a fair value of zero had been assigned to the contingent purchase price reduction as of the FGL Acquisition date and at each subsequent quarterly remeasurement date through January 1, 2012. Management now believes that it is near certain that the purchase price will be required to be reduced by the full $50.0 amount and has estimated a fair value of $41.0 for the contingent receivable as of December 30, 2012 (essentially unchanged from September 30, 2012, and April 1, 2012), reflecting appropriate discounts for potential litigation and regulatory action, length of time until expected payment is received and a credit insurance risk premium. Such $41.0 estimated fair value of the contingent receivable has been reflected in “Receivables, net” in the Condensed Consolidated Balance Sheets as of December 30, 2012. A corresponding credit to “Gain on contingent purchase price reduction” was recorded in earnings during Fiscal 2012.
Supplemental Pro Forma Information The following table reflects the Company’s pro forma results as if the Hardware Acquisition was completed on October 1, 2011 and the results of the HHI Business had been included in the full three months ended December 30, 2012 and January 1, 2012.
Acquisition and Integration Related Charges Acquisition and integration related charges reflected in “Selling, acquisition, operating and general expenses” in the accompanying Condensed Consolidated Statements of Operations include, but are not limited to transaction costs such as banking, legal and accounting professional fees directly related to an acquisition or potential acquisition, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses. Such charges for the three months ended December 30, 2012 relate primarily to the Hardware Acquisition and the EXCO/HGI Production Partners Acquisition, and for the three months ended January 1, 2012 relate primarily to the Spectrum Brands merger with Russell Hobbs, Inc. (the “SB/RH Merger”) and the FURminator acquisition.
The following table summarizes acquisition and integration related charges incurred by the Company for the three months ended December 30, 2012 and January 1, 2012:
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The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Required Disclosures
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Other Required Disclosures | (14) Other Required Disclosures Receivables and Concentrations of Credit Risk “Receivables, net” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Trade receivables subject Spectrum Brands to credit risk. Trade accounts receivable are carried at net realizable value. Spectrum Brands extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. Spectrum Brands monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provision for losses on uncollectible trade receivables are determined based on ongoing evaluations of Spectrum Brands’ receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer. Spectrum Brands has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represented approximately 21% and 24% of Spectrum Brands’ net sales during the three months ended December 30, 2012 and January 1, 2012, respectively. This customer also represented approximately 8% and 13% of Spectrum Brands’ trade accounts receivable, net at December 30, 2012 and September 30, 2012, respectively.
Approximately 50% and 49% of Spectrum Brands’ net sales during the three months ended December 30, 2012 and January 1, 2012, respectively, occurred outside the United States. These sales and related receivables are subject to varying degrees of credit, currency, political and economic risk. Spectrum Brands monitors these risks and makes appropriate provisions for collectability based on an assessment of the risks present. Inventories Inventories of Spectrum Brands, which are stated at the lower of cost (using the first-in, first-out method) or market, consist of the following:
Properties Properties, net consist of the following:
Shipping and Handling Costs Spectrum Brands incurred shipping and handling costs of $50.0 and $50.3 for the three months ended December 30, 2012 and January 1, 2012, respectively. These costs are included in “Selling, acquisition, operating and general expenses” expenses in the accompanying Condensed Consolidated Statements of Operations. Shipping and handling costs include costs incurred with third-party carriers to transport products to customers as well as salaries and overhead costs related to activities to prepare Spectrum Brands’ products for shipment from its distribution facilities. Other Assets “Other assets” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Accounts payable and other current liabilities “Accounts payable and other current liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Other liabilities “Other liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Restructuring and Related Charges The Company reports restructuring and related charges associated with manufacturing and related initiatives of Spectrum Brands in “Consumer products cost of goods sold.” Restructuring and related charges reflected in “Consumer products cost of goods sold” include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented. The Company reports restructuring and related charges relating to administrative functions of Spectrum Brands in “Selling, acquisition, operating and general expenses,” such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in “Selling, acquisition, operating and general expenses” include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives. In 2009, Spectrum Brands implemented a series of initiatives to reduce operating costs and to evaluate opportunities to improve its capital structure (the “Global Cost Reduction Initiatives”). The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended December 30, 2012 and January 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the three months ended December 30, 2012:
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Other Required Disclosures No definition available.
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Related Party Transactions
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Dec. 30, 2012
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Related Party Transactions | (15) Related Party Transactions In November 2012, the Company and Harbinger Capital Partners LLC (“Harbinger Capital”), an affiliate of the Company and the Principal Stockholders, entered into a reciprocal services agreement (the “Services Agreement”) with respect to the provision of services to each other going forward. Pursuant to the Services Agreement, the parties each agreed to provide or cause to be provided services to each other, including their respective affiliates and subsidiaries. The services may include providing office space and operational support and each party making available their respective employees to provide services as reasonably requested by the other party, subject to any limitations contained in applicable employment agreements and the terms of the Services Agreement. Each party will pay the other party a service fee for the services provided and such service fee is intended to be the actual cost of the service without profit but including, as applicable, one-time costs, out-of pocket costs, costs of consents, fully loaded hourly rates and any pass through or allocation of payments. The Services Agreement provides that the parties are subject to confidentiality obligations and that the parties will indemnify each other and their related parties against certain costs and liabilities arising out of the performance of the Services Agreement. The Services Agreement will continue in effect until terminated by either party, following thirty (30) days advance written notice. A special committee of the Company’s board of directors, comprised of independent directors under the rules of the New York Stock Exchange, advised by independent counsel, determined that it is in the best interests of the Company and its stockholders (other than Harbinger Capital and its affiliates) for the Company to enter into the Services Agreement and recommended to the Company’s board directors that they approve entry into the Services Agreement. Following such determination, the Company’s board of directors approved the Services Agreement. The Company recognized $0.3 of expenses under these Service Agreement with respect to the three months ended December 30, 2012. During the three months ended January 1, 2012, prior to entering into the Services Agreement discussed above, Harbinger Capital provided the Company with certain advisory and consulting services and office space for certain of the Company’s employees and officers. The Company reimbursed Harbinger Capital for its out-of-pocket expenses and the cost of advisory and consulting services and office space provided to the Company by Harbinger Capital. In addition, on January 9, 2012, the Company hired certain former personnel of Harbinger Capital effective as of October 1, 2011. The Company reimbursed Harbinger Capital for employment and other costs associated with the above employees to the extent their services related to the Company from October 1, 2011 to the January 9, 2012. The Company recognized $0.7 of expenses under these arrangements with respect to the three month period ended January 1, 2012. Such amounts have been approved by a special committee of the Company’s board of directors, comprised solely of independent directors under the NYSE rules, which was advised by independent counsel. The Company believes that the amount of expenses recognized is reasonable; however, it does not necessarily represent the costs that would have been incurred by the Company on a stand-alone basis. In addition, pursuant to the terms of an existing registration rights agreement between the Company and the Principal Stockholders, the Company undertook a registered secondary offering of 23.0 million shares of the Company’s common stock owned by the Principal Stockholders. The Company incurred $0.4 related to such offering. The Company also provided customary representations, warranties and indemnifications to the underwriters. |
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The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Data
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Segment Data | The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in three reporting segments: (i) Consumer Products through Spectrum Brands, (ii) Insurance through FGL and (iii) Other Financial Services.
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidating Financial Information
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Dec. 30, 2012
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Consolidating Financial Information | (17) Consolidating Financial Information The following schedules present the Company’s consolidating balance sheet information at December 30, 2012 and September 30, 2012, and consolidating statements of operations information for the three months ended December 30, 2012 and January 1, 2012. These schedules present the individual segments of the Company and their contribution to the consolidated condensed financial statements. Amounts presented will not necessarily be the same as those in the individual financial statements of the Company’s subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests. In addition, some of the Company’s subsidiaries use a classified balance sheet which also leads to differences in amounts reported for certain line items. The Corporate and Other column primarily reflects the parent company’s investment in its subsidiaries, invested cash portfolio and corporate long term debt. The elimination adjustments are for intercompany assets and liabilities, interest and dividends, the parent company’s investment in capital stocks of subsidiaries, and various reclasses of debit or credit balances to the amounts in consolidation. Purchase accounting adjustments have been pushed down to the appropriate subsidiary.
Harbinger Group Inc. — Condensed Consolidating Balance Sheet Information
Harbinger Group Inc. — Condensed Consolidating Statements of Operations Information
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Consolidating Financial Information [Text Block] No definition available.
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Subsequent Events
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Dec. 30, 2012
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Subsequent Events | FGL coinsurance agreement with FSR On December 31, 2012, subsequent to the end of the quarter, FGL entered into a coinsurance agreement (the “Reinsurance Agreement”) with Front Street Cayman, also an indirect subsidiary of the Company. Pursuant to the Reinsurance Agreement, Front Street Cayman will reinsure approximately 10%, or approximately $1.5 billion of FGL’s policy liabilities. In connection with the Reinsurance Agreement, Front Street Cayman, FGL and an indirect subsidiary of the Company, HGI Asset Management, LLC (“ HGI Asset Management”), entered into an investment management agreement, pursuant to which HGI Asset Management will manage the assets securing Front Street Cayman’s reinsurance obligations under the Reinsurance Agreement, which assets are held by FGL in a segregated account. The assets in the segregated account will be invested in accordance with FGL’s existing guidelines. This agreement meets the risk transfer requirements to qualify as reinsurance under US GAAP. Under the terms of the agreement, FSR will pay FGL an initial ceding allowance of $15.0. Salus Collateralized Loan Obligation Transaction On February 7, 2013, Salus announced the closing of Salus CLO 2012-1, Ltd., a $250.0 collateralized loan obligation (“CLO”) vehicle. A Salus subsidiary will act as the collateral manager of the CLO, which will invest in senior secured asset-based loans originated by Salus. As part of the transaction, Salus and its affiliates contributed to the CLO approximately $221.0 of their existing portfolio of loans. Securities of $63.5 were placed with unaffiliated investors, and Salus and its affiliate, FGL, retained $50.0 and $111.5 of the CLO’s notes, respectively, including the subordinated notes. The CLO will have a reinvestment period of two years, a non-call period of two years and a final maturity of eight years. |
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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Description of Business, Basis of Presentation and Recent Accounting Pronouncements (Policies)
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Dec. 30, 2012
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Description of the Business | Description of the Business Harbinger Group Inc. (“HGI” and, collectively with its respective subsidiaries, the “Company”) is a diversified holding company, the outstanding common stock of which is 76.7% and 74.6% owned, respectively, as of December 30, 2012 and the date of this filing, collectively, by Harbinger Capital Partners Master Fund I, Ltd. (the “Master Fund”), Global Opportunities Breakaway Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, the “Principal Stockholders”), not giving effect to the conversion rights of the Company’s Series A Participating Convertible Preferred Stock (the “Series A Preferred Stock”) or the Series A-2 Participating Convertible Preferred Stock (the “Series A-2 Preferred Stock”, together the “Preferred Stock”). Such common stock ownership by the Principal Stockholders represents a voting interest of 57.2% in relation to the existing voting rights of all HGI’s common and preferred stockholders. HGI’s shares of common stock trade on the New York Stock Exchange (“NYSE”) under the symbol “HRG.” HGI is focused on obtaining controlling equity stakes in companies that operate across a diversified set of industries and growing acquired businesses. As such, the Company has gained controlling interests in Spectrum Brands Holdings, Inc., a Delaware corporation (collectively with its consolidated subsidiaries, where applicable, “Spectrum Brands”), Fidelity & Guaranty Life Holdings, Inc., a Delaware corporation (“FGL”) and Salus Capital Partners, LLC (“Salus”). As of December 30, 2012, the Company’s beneficial ownership of the outstanding common stock of Spectrum Brands was 57.4%. Spectrum Brands is a global branded consumer products company which trades on the NYSE under the symbol “SPB.” FGL, a wholly-owned subsidiary, is a provider of annuity and life insurance products in the United States of America. Salus is a provider of secured asset-based loans to entities across a variety of industries. In addition to acquiring controlling interests, HGI may make investments in debt instruments, acquire minority equity interests in companies and expand its operating businesses. The Company also owns 97.9% of Zap.Com Corporation (“Zap.Com”), a public shell company that may seek assets or businesses to acquire or may sell assets and/or liquidate. In November, the Company announced a joint venture with EXCO Resources Inc. (“EXCO”) to create a private oil and gas limited partnership (the “EXCO/HGI Partnership”) that will purchase and operate EXCO’s producing U.S. conventional oil and gas assets, for a total consideration of $725.0 million (the “EXCO/HGI Production Partners Acquisition”). The Partnership will constitute the Company’s initial operating business in the energy sector. In December 2012, the Company closed a secondary offering, in which the Principal Stockholders offered 20.0 million shares of common stock at a price to the public of $7.50 per share. In addition, in January 2013, the underwriters exercised their option to purchase an additional 3.0 million shares of common stock from the Principal Stockholders. The Company did not receive any proceeds from the sale of shares in this offering. In December 2012, the Company issued $700.0 aggregate principal amount 7.875% Senior Secured Notes due 2019 (the “7.875% Notes”) and used part of the proceeds of the offering to accept for purchase $498.0 aggregate principal amount of its 10.625% Senior Secured Notes due 2015 (the “10.625% Notes”) pursuant to a tender offer (the “Tender Offer”) for the 10.625% Notes. Additionally, the Company deposited sufficient funds in trust with the trustee under the indenture governing the 10.625% Notes in satisfaction and discharge of the remaining $2.0 aggregate principal amount of the 10.625% Notes. The remainder of the proceeds will be used for working capital by the Company and its subsidiaries and for general corporate purposes, including the financing of future acquisitions and businesses.
In December, Spectrum Brands acquired the residential hardware and home improvement business (the “HHI Business”) from Stanley Black & Decker, Inc. (“Stanley Black & Decker”), which includes (i) the equity interests of certain subsidiaries of Stanley Black & Decker engaged in the business and (ii) certain assets of Stanley Black & Decker used or held for use in connection with the business (the “Hardware Acquisition”). The HHI Business has a broad portfolio of recognized brands names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. A portion of the Hardware Acquisition has not yet closed, consisting of the purchase of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation (“TLM Taiwan”), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 13, Acquisitions. Also in December 2012, Spectrum Brands Escrow Corp. issued $520.0 aggregate principal amount of 6.375% Senior Notes due 2020 (the “6.375% Notes”) and $570.0 aggregate principal amount of 6.625% Senior Notes due 2022 (the “6.625% Notes”). The 6.375% Notes and the 6.625% Notes were assumed by Spectrum Brands, in connection with the Hardware Acquisition. Spectrum Brands used the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the Hardware Acquisition. Spectrum Brands financed the remaining portion of the Hardware Acquisition with a new $800.0 term loan facility, of which $100.0 is in Canadian dollar equivalents (the “Term Loan”). A portion of the Term Loan proceeds were also used to refinance the former term loan facility, maturing June 17, 2016, which had an aggregate amount outstanding of $370.2 prior to refinancing. Refer to Note 6, Debt, as well as Note 13, Acquisitions, to our Condensed Consolidated Financial Statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in three reporting segments: (i) Consumer Products through Spectrum Brands, (ii) Insurance through FGL and (iii) Other Financial Services. For the results of operations by segment, and other segment data, see Note 16, Segment Data. |
Basis of Presentation | Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), have been condensed or omitted pursuant to such rules and regulations. Certain prior year amounts have been reclassified or combined to conform to the current year presentation. These reclassifications and combinations had no effect on previously reported results of operations or accumulated deficit. These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on November 27, 2012 (the “Form 10-K”). The results of operations for the three months ended December 30, 2012 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending September 30, 2013. |
Presentation of Comprehensive Income | Presentation of Comprehensive Income In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income,” which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. A deferral of provisions of the guidance requiring disclosure of the income statement location were gains and losses reclassified out of comprehensive income are located was issued in December 2011. In November 2012, the FASB issued a statement of opinion to clarify their position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The Company implemented the new guidance effective October 1, 2012, electing to present comprehensive income in two separate but consecutive statements, however the final disclosure requirements for reclassification adjustments are not effective until the second quarter of Fiscal 2013. The Company has implemented all required disclosures except the deferred reclassification provisions which will be implemented in the second quarter of Fiscal 2013. |
Impairment Testing | Impairment Testing Also effective October 1, 2012, the Company implemented new guidance intended to simplify how the Company tests for impairments of goodwill and indefinite-lived intangible assets. The guidance will allow the Company to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative impairment tests for goodwill and indefinite-lived intangible assets. The Company will no longer be required to calculate, respectively for goodwill and indefinite-lived intangible assets, the fair value of a reporting unit, or the fair value of an indefinite-lived intangible asset, unless the Company determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The Company will apply this new guidance upon its annual impairment analysis of its goodwill and indefinite-lived intangible assets, in August 2013. The Company does not expect the adoption of this guidance to have a significant impact on our consolidated financial statements. |
Offsetting Assets and Liabilities | Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for us beginning in the first quarter of our fiscal year ending September 30, 2014. We are currently evaluating the impact of this new accounting guidance on the disclosures included in our consolidated financial statements. |
Financial Instruments | The Company’s measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk, which may include the Company’s own credit risk. The Company’s estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability (“exit price”) in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability (“entry price”). The Company categorizes financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows: Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date. Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads and yield curves. Level 3 — Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lower level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources. |
Earnings Per Share | The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share (“EPS”) utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. |
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- Definition
Offsetting assets and liabilities. No definition available.
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- Definition
The entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity. No definition available.
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- Definition
The entire disclosure for the business description and accounting policies concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Accounting policies describe all significant accounting policies of the reporting entity. No definition available.
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Disclosure of accounting policy for comprehensive income. No definition available.
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Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments (Tables)
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Dec. 30, 2012
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Available-for-Sale Securities | The Company’s consolidated investments are summarized as follows:
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Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities | The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations.
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Fair Value and Gross Unrealized Losses of Available-for-Sale-Securities | The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:
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Reconciliation of Other-than-Temporary Impairment on Fixed Maturity | The following table provides a reconciliation of the beginning and ending balances of the credit loss portion of other-than-temporary impairments on fixed maturity securities held by FGL at December 30, 2012 and January 1, 2012, for which a portion of the other-than-temporary impairment was recognized in AOCI:
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Other-than-Temporary Impairments | Details underlying write-downs taken as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities were as follows:
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Portfolio of Asset-Backed Loans and Other Invested Assets | Salus’ portfolio of asset-backed loans receivable, included in “Asset-backed loans” in the Condensed Consolidated Balance Sheets as of December 30, 2012 and September 30, 2012, consisted of the following:
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Schedule of Allowance for Credit Losses | The following table presents the activity in its allowance for credit losses for the three months ended December 30, 2012 and January 1, 2012:
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Schedule of Credit Quality of Asset-Based Loan Portfolio | The following tables present information about the credit quality of Salus’ asset-based loan portfolio, based on National Association of Insurance Commissioners (“NAIC”) risk rating, as of December 30, 2012 and September 30, 2012:
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Net Investment Income | The major sources of “Net investment income” on the accompanying Condensed Consolidated Statements of Operations were as follows:
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Net Investment Gains | “Net investment gains” reported on the accompanying Condensed Consolidated Statements of Operations were as follows:
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X | ||||||||||
- Definition
Other than temporary impairment losses investments portion recognized in earnings net by investment category. No definition available.
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X | ||||||||||
- Definition
Schedule of amortized cost and fair value of fixed maturity available for sale securities and periodic payments from other securities. No definition available.
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X | ||||||||||
- Definition
Schedule Of Asset Backed Loans Other Invested Assets [Table Text Block] No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
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Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on Accompanying Condensed Consolidated Statements of Operations, and Within AOCI | The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three months ended December 30, 2012 and January 1, 2012:
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Summary of Gain (Loss) Recognized in Income on Derivatives | During the three months ended December 30, 2012 and January 1, 2012 the Company recognized the following gains on these derivatives:
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Call options [Member]
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FGL's Exposure to Credit Loss on Call Options Held | Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
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X | ||||||||||
- Definition
Schedule of cash flow hedging instruments statements of financial performance location. No definition available.
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- Definition
Schedule of exposure to credit loss on derivative instrument. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Assets and Liabilities Carrying at Fair Value on Recurring Basis | The carrying amounts and estimated fair values of the Company’s consolidated financial instruments for which the disclosure of fair values is required, including (i) financial assets and liabilities measured and carried at fair value on a recurring basis, and (ii) financial assets and liabilities not measured at fair value but for which fair value disclosures are required; are summarized according to the hierarchy previously described as follows:
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Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis | Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of December 30, 2012 is as follows:
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Changes in Fair Value of Financial Instruments | The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three months ended December 30, 2012 and January 1, 2012. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
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X | ||||||||||
- Definition
Fair value assets and liabilities measured on recurring basis unobservable input reconciliation. No definition available.
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- Definition
Unobservable Data Used In Recurring Valuations Of Level Three Table [Text Block] No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Intangibles, including DAC and VOBA (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances | A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s DAC and VOBA balances, are as follows:
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Summary of Definite Lived Intangible Assets | Definite lived intangible assets are summarized as follows:
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Summary of Amortization Expense of Definite Lived Intangible Assets | Amortization expense for definite lived intangible assets is as follows:
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Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods | The weighted average amortization period for VOBA and DAC are approximately 5.3 and 6.1 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
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X | ||||||||||
- Definition
Amortization expense. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Summary of Debt | The Company’s consolidated debt consists of the following:
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X | ||||||||||
- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Defined Benefit Plans (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made | The components of consolidated net periodic benefit and deferred compensation benefit costs and contributions made are as follows:
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X | ||||||||||
- Definition
Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reinsurance (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes | The effect of reinsurance on premiums earned, benefits incurred and reserve changes were as follows:
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X | ||||||||||
- Definition
Schedule of effect of reinsurance on premiums earned and benefits incurred and reserve changes. No definition available.
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Stock Compensation (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Consolidated Stock Compensation Expense | The Company recognized consolidated stock compensation expense as follows:
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Summary of Stock Options Outstanding and Related Activity | A summary of stock options outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and FGL’s respective incentive plans are as follows (share amounts in thousands):
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Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity | A summary of restricted stock and restricted stock units outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and Spectrum Brands’ respective incentive plans are as follows (share amounts in thousands):
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Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model | The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
|
X | ||||||||||
- Definition
Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Summary of Basic and Diluted EPS | The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
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X | ||||||||||
- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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Acquisitions (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Company's Pro Forma Results | The following table reflects the Company’s pro forma results as if the Hardware Acquisition was completed on October 1, 2011 and the results of the HHI Business had been included in the full three months ended December 30, 2012 and January 1, 2012.
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Summary of Acquisition and Integration Related Charges Incurred | The following table summarizes acquisition and integration related charges incurred by the Company for the three months ended December 30, 2012 and January 1, 2012:
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HHI Business [Member]
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Schedule of Preliminary Purchase Price | The following table summarizes the preliminary consideration paid for the HHI Business:
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Summary of Amounts Recorded in Connection with Acquisition of Business | The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business is as follows:
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Shaser Biosciences, Inc. [Member]
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Schedule of Preliminary Purchase Price | The following table summarizes the preliminary consideration paid for Shaser:
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Summary of Amounts Recorded in Connection with Acquisition of Business | The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:
|
X | ||||||||||
- Definition
Business Combination Preliminary Allocation Of Purchase Price Disclosure Table [Text Block] No definition available.
|
X | ||||||||||
- Definition
Summary of acquisition and integration related charges incurred. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Required Disclosures (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2012
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Components of Receivables, Net | “Receivables, net” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Components of Inventories | Inventories Inventories of Spectrum Brands, which are stated at the lower of cost (using the first-in, first-out method) or market, consist of the following:
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Components of Properties | Properties, net consist of the following:
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Schedule of Other Assets | “Other assets” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Components of Accounts Payable and Other Current Liabilities | “Accounts payable and other current liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Schedule of Other Liabilities | “Other liabilities” in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Summarization of Restructuring and Related Charges | The following table summarizes restructuring and related charges incurred by the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended December 30, 2012 and January 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
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Summarization of Remaining Accrual Balance Associated with Initiatives and Activity | The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the three months ended December 30, 2012:
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Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. No definition available.
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Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Data (Tables)
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Dec. 30, 2012
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Segment Information | Accordingly, the Company currently operates its
business in three reporting segments: (i) Consumer Products
through Spectrum Brands, (ii) Insurance through FGL and
(iii) Other Financial Services.
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidating Financial Information (Tables)
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Dec. 30, 2012
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Schedule of Balance Sheet Information | Harbinger Group Inc. — Condensed Consolidating Balance Sheet Information
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Schedule of Income Statement Information | Harbinger Group Inc. — Condensed Consolidating Statements of Operations Information
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Schedule Of Income Statement Information Table [Text Block] No definition available.
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Description of Business, Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Detail)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2012
USD ($)
|
Jan. 01, 2013
|
Sep. 30, 2012
USD ($)
|
Dec. 30, 2012
EXCO/HGI Partnership [Member]
USD ($)
|
Feb. 07, 2013
Subsequent Event [Member]
|
Dec. 14, 2012
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 14, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Dec. 30, 2012
Former term loan facility [Member]
USD ($)
|
Dec. 30, 2012
Zap Com Corporation [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
6.375% Senior Notes, due November 15, 2020 [Member]
|
Nov. 30, 2012
Spectrum Brands [Member]
6.375% Senior Notes, due November 15, 2020 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
6.625% Senior Notes, due November 15, 2022 [Member]
|
Nov. 30, 2012
Spectrum Brands [Member]
6.625% Senior Notes, due November 15, 2022 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
CAD
|
Nov. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Nov. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
CAD
|
Dec. 30, 2012
Spectrum Brands [Member]
Former term loan facility [Member]
USD ($)
|
|
Nature Of Operations [Line Items] | |||||||||||||||||||
Percentage of common stock outstanding collectively held by principal stockholders | 76.70% | 74.60% | |||||||||||||||||
Voting interest | 57.20% | ||||||||||||||||||
Company' s beneficial ownership of outstanding common stock | 57.40% | ||||||||||||||||||
Percentage of ownership interest acquired | 97.90% | ||||||||||||||||||
Total consideration | $ 725.0 | ||||||||||||||||||
Secondary offering, Principal Stockholders offered shares | 20.0 | ||||||||||||||||||
Secondary offering, Principal Stockholders offered common stock price | $ 7.50 | ||||||||||||||||||
Secondary offering, underwriters exercised their option to purchase | 3.0 | ||||||||||||||||||
Long-term debt | 700.0 | 520.0 | 570.0 | 800.0 | 100.0 | 800.0 | 100.0 | ||||||||||||
Purchase of 10.625% Senior Secured Notes due on 2015 | 498.0 | ||||||||||||||||||
Discharge of remaining 10.625% Senior Secured Notes due on 2015 | 2.0 | ||||||||||||||||||
Long-term debt, interest rate | 7.875% | 10.625% | 6.375% | 6.375% | 6.625% | 6.625% | |||||||||||||
Long-term Debt | $ 3,925.9 | $ 2,165.0 | $ 370.2 | $ 370.2 | |||||||||||||||
Debt maturity date | Jun. 17, 2016 | Dec. 17, 2019 | Dec. 17, 2019 | Jun. 17, 2016 |
X | ||||||||||
- Definition
Business Acquisition Cost Purchase Consideration No definition available.
|
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- Definition
Common Stock Purchased By Underwriters No definition available.
|
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- Definition
Percentage Of Beneficial Ownership No definition available.
|
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- Definition
Percentage of common stock outstanding collectively held by principal stockholders. No definition available.
|
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- Definition
Percentage of ownership interest acquired. No definition available.
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X | ||||||||||
- Definition
Percentage of voting interest represented by common stock ownership by principal stockholders. No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Common Stock Price Per Share No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Of Common Stock No definition available.
|
X | ||||||||||
- Definition
Decrease for amounts repaid on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value amount of debt instrument that was repurchased. No definition available.
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Asset Backed Securities Fair Value Disclosure No definition available.
|
X | ||||||||||
- Definition
Available for sale securities amortized cost derivatives. No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Carrying Value No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Fair Value No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross gain derivatives. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross unrealized gains Investment. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross unrealized losses investment. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities losses derivatives. No definition available.
|
X | ||||||||||
- Definition
Other investments amortized cost. No definition available.
|
X | ||||||||||
- Definition
Other Investments Gross Unrealized Gain No definition available.
|
X | ||||||||||
- Definition
Other Short Term Investments Gross Unrealized Losses No definition available.
|
X | ||||||||||
- Definition
Unrealized amortized cost on securities. No definition available.
|
X | ||||||||||
- Definition
Investments in notes or bonds that are collateralized by a specific group of underlying assets owned by the issuer of the notes or bonds which are short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the gross unrealized gains for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
X | ||||||||||
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amortized cost of investments with other than temporary impairments. No definition available.
|
X | ||||||||||
- Definition
Available for sale depressed securities fair value disclosure. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities on fixed maturity under commitment agreement. No definition available.
|
X | ||||||||||
- Definition
Equity Investment Ownership Percentage No definition available.
|
X | ||||||||||
- Definition
Exposure to sub prime and alternative A residential mortgage backed securities. No definition available.
|
X | ||||||||||
- Definition
Fair value of investments with other than temporary impairments. No definition available.
|
X | ||||||||||
- Definition
Investment exposure to sub prime. No definition available.
|
X | ||||||||||
- Definition
Investment percentage exposure to sub prime. No definition available.
|
X | ||||||||||
- Definition
Non Credit Related Losses Recognized In Other Comprehensive Income No definition available.
|
X | ||||||||||
- Definition
Number of investment issuers. No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Change Of Intent Operations No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Including Credit Impairments No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Other No definition available.
|
X | ||||||||||
- Definition
Percentage of available for sale depressed securities above amortized cost. No definition available.
|
X | ||||||||||
- Definition
Percentage of available for sale depressed securities in relation to carrying values of all investments. No definition available.
|
X | ||||||||||
- Definition
Percentage of exposure to sub prime and alternative A residential mortgage backed securities to invested assets. No definition available.
|
X | ||||||||||
- Definition
Percentage of investment in industry relation to aggregate holdings in industry. No definition available.
|
X | ||||||||||
- Definition
Percentage of investments fair value in relation to invested assets portfolio. No definition available.
|
X | ||||||||||
- Definition
Unrealized gain related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
Unrealized losses related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investment securities as of the balance sheet date which may include marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
All other marketable securities, which aren't categorized as trading, available-for-sale, or held-to-maturity and which are not otherwise listed in the existing taxonomy, intended to be held for less than one year or the normal operating cycle, whichever is longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount by which the fair value of an investment in debt and equity securities categorized as Available-for-sale is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Available for sale securities debt maturities amortized cost excluding single maturity date. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities debt maturities fair value excluding single maturity date. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities fair value on debt maturities. No definition available.
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at fair value maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at fair value maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing after the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at fair value maturing after the tenth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, which include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, maturing in the next fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at fair value maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at cost, net of adjustments, that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the cost over several maturity groupings. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings (less any cumulative-effect adjustments, as defined) and fair value hedge accounting adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of available-for-sale debt securities at fair value that do not have a single maturity date and which the entity has decided to disclose separately rather than allocating the fair value over several maturity groupings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Number Of Positions No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Number Of Positions No definition available.
|
X | ||||||||||
- Definition
Number of available for sale securities in unrealized loss position. No definition available.
|
X | ||||||||||
- Definition
Amount of the excess of amortized cost basis over fair value of securities that have been in a loss position for twelve months or longer for securities which are categorized neither as held-to-maturity nor trading securities. No definition available.
|
X | ||||||||||
- Definition
Amount of the excess of amortized cost basis over fair value of securities in a loss position and categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the aggregate fair value of investments in debt and equity securities in an unrealized loss position which are categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the excess of amortized cost basis over fair value of securities that have been in a loss position for less than twelve months for securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments - Reconciliation of Other than Temporary Impairment on Fixed Maturity (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Balance at the beginning of the period | $ 2.7 | $ 0.7 |
Increases attributable to credit losses on securities: | ||
Other-than-temporary impairment was not previously recognized | 1.5 | |
Balance at the end of the period | $ 2.7 | $ 2.2 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which no such other than temporary impairment (OTTI) was previously recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments - Other-than-Temporary Impairments (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Other-than-temporary impairments recognized in net income: | ||
Total other-than-temporary impairments | $ 0.5 | $ 13.2 |
Corporates [Member]
|
||
Other-than-temporary impairments recognized in net income: | ||
Total other-than-temporary impairments | 0.7 | |
Non-agency residential mortgage-backed securities [Member]
|
||
Other-than-temporary impairments recognized in net income: | ||
Total other-than-temporary impairments | 0.5 | 2.8 |
Hybrids [Member]
|
||
Other-than-temporary impairments recognized in net income: | ||
Total other-than-temporary impairments | $ 9.7 |
X | ||||||||||
- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Investments - Portfolio of Asset-Backed Loans and Other Invested Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Asset-backed loans, by major industry: | ||
Total asset-backed loans | $ 207.4 | $ 181.5 |
Less: Allowance for credit losses | 2.6 | 1.4 |
Total asset-backed loans, net | 204.8 | 180.1 |
Wholesale [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 101.9 | 77.2 |
Apparel [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 49.1 | 70.1 |
Jewelry [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 23.0 | 27.9 |
Other [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | $ 33.4 | $ 6.3 |
X | ||||||||||
- Definition
Allowance For Credit Losses No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Asset backed loans and other invested assets. No definition available.
|
X | ||||||||||
- Definition
Asset Backed Loans And Other Invested Assets Gross No definition available.
|
Investments - Schedule of Allowance for Credit Losses (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Allowance for credit losses: | ||
Balance at beginning of period | $ 1.4 | |
Provision for credit losses | 1.2 | |
Charge-offs | ||
Recoveries | ||
Balance at end of period | $ 2.6 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of recovery of financing receivables doubtful of collection that were previously charged off. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of direct write-downs of financing receivables charged against the allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the periodic provision charged to earnings, based on an assessment of uncollectibility from the counterparty on account of loan, lease or other credit losses, to reduce these accounts to the amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments - Schedule of Credit Quality of Asset-Based Loan Portfolio (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | $ 207.4 | $ 181.5 |
Total asset-backed loans, percent | 100.00% | 100.00% |
Asset-based loans, by credit quality Rating 1 [Member] | Credit Rating AAA/AA/A [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 18.1 | 75.8 |
Total asset-backed loans, percent | 8.70% | 41.70% |
Asset-based loans, by credit quality Rating 2 [Member] | Credit Rating BBB [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 165.9 | 94.9 |
Total asset-backed loans, percent | 80.00% | 52.30% |
Asset-based loans, by credit quality Rating 3 [Member] | Credit Rating B [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 10.8 | |
Total asset-backed loans, percent | 6.00% | |
Asset-based loans, by credit quality Rating 4 [Member] | Credit Rating B [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | ||
Total asset-backed loans, percent | ||
Asset-based loans, by credit quality Rating 5 [Member] | Credit Rating CCC [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 23.4 | |
Total asset-backed loans, percent | 11.30% | |
Not Rated [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | ||
Total asset-backed loans, percent |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Asset Backed Loans And Other Invested Assets Gross No definition available.
|
X | ||||||||||
- Definition
Financing Receivable Credit Quality Percentage No definition available.
|
Investments - Net Investment Income (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Schedule of Investments [Line Items] | ||
Gross investment income | $ 182.1 | $ 189.9 |
External investment expense | (4.1) | (3.1) |
Net investment income | 178.0 | 186.8 |
Fixed maturity available-for-sale securities [Member]
|
||
Schedule of Investments [Line Items] | ||
Gross investment income | 167.6 | 187.2 |
Equity available-for-sale securities [Member]
|
||
Schedule of Investments [Line Items] | ||
Gross investment income | 4.7 | 2.6 |
Policy loans [Member]
|
||
Schedule of Investments [Line Items] | ||
Gross investment income | 0.3 | 0.3 |
Invested cash and short-term investments [Member]
|
||
Schedule of Investments [Line Items] | ||
Gross investment income | 0.8 | 0.1 |
Other investments [Member]
|
||
Schedule of Investments [Line Items] | ||
Gross investment income | $ 8.7 | $ (0.3) |
X | ||||||||||
- Definition
External investment expense. No definition available.
|
X | ||||||||||
- Definition
Gross investment income. No definition available.
|
X | ||||||||||
- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Investments - Net Investment Gains (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Net Investment Gains (Losses) | ||
Net realized gains before other-than-temporary impairments | $ 172.5 | $ 81.9 |
Gross other-than-temporary impairments | (0.5) | (13.2) |
Non-credit portion of other-than-temporary impairments included in other comprehensive income | 0.9 | |
Net realized gains on fixed maturity available-for-sale securities | 172.0 | 68.7 |
Realized gains on equity securities | 0.3 | |
Net realized gains on securities | 172.0 | 69.0 |
Realized gains (losses) on certain derivative instruments | 15.6 | (15.5) |
Unrealized (losses) gains on certain derivative instruments | (41.2) | 50.3 |
Change in fair value of derivatives | (25.6) | 34.8 |
Realized gains on other invested assets | 0.1 | 0.1 |
Net investment gains | $ 146.5 | $ 103.9 |
X | ||||||||||
- Definition
Change in fair value of derivatives. No definition available.
|
X | ||||||||||
- Definition
Gain loss on sale of available for sale securities. No definition available.
|
X | ||||||||||
- Definition
Gain loss on sale of equity securities. No definition available.
|
X | ||||||||||
- Definition
Non credit portion of other than temporary impairments included in other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the book value and the sale price of other nonspecific investments. This element is used when other, more specific, elements are not appropriate. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the total realized gain (loss) included in earnings for the period as a result of selling marketable securities categorized as trading, available-for-sale, or held-to-maturity. No definition available.
|
X | ||||||||||
- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments - Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets (Detail) (USD $)
|
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | $ 156,400,000 | $ 200,700,000 |
Derivatives designated as hedging instruments [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 2,400,000 | 3,200,000 |
Total liability derivatives | 2.1 | 3.1 |
Derivatives designated as hedging instruments [Member] | Commodity swap and option agreements [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 1,100,000 | 1,000,000 |
Derivatives designated as hedging instruments [Member] | Commodity swap and option agreements [Member] | Other assets [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 700,000 | 1,000,000 |
Derivatives designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 600,000 | 1,200,000 |
Derivatives designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 2.1 | 3.1 |
Derivatives not designated as hedging instruments [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 158,800,000 | 203,900,000 |
Total liability derivatives | 1,690.7 | 1,793.7 |
Derivatives not designated as hedging instruments [Member] | Equity conversion feature of preferred stock [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 163.1 | 232.0 |
Derivatives not designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 5.7 | 4.0 |
Derivatives not designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 2.8 | 2.9 |
Derivatives not designated as hedging instruments [Member] | Call options [Member] | Derivative investments [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 152,500,000 | 200,700,000 |
Derivatives not designated as hedging instruments [Member] | FIA embedded derivatives [Member] | Contractholder funds [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 1,517.0 | 1,550.8 |
Derivatives not designated as hedging instruments [Member] | Futures contracts [Member] | Derivative investments [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 3,900,000 | |
Derivatives not designated as hedging instruments [Member] | Futures contracts [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | $ 0.9 |
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Financial Instruments - Summary of Gain (Loss) Recognized in Income on Derivatives (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | $ 73.0 | $ 11.3 |
Equity conversion feature of preferred stock [Member] | Gain from the change in the fair value of the equity conversion feature of preferred stock [Member]
|
||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | 68.9 | 27.9 |
Foreign exchange contracts [Member] | Other (expense) income, net [Member]
|
||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | (4.1) | 7.3 |
Call options [Member] | Net investment gains [Member]
|
||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | (20.9) | 19.9 |
Futures contracts [Member] | Net investment gains [Member]
|
||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | (4.7) | 14.9 |
FIA embedded derivatives [Member] | Benefits and other changes in policy reserves [Member]
|
||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Recognized in Income on Derivatives | $ 33.8 | $ (58.7) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax. No definition available.
|
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax portion attributable to noncontrolling. No definition available.
|
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument tax. No definition available.
|
X | ||||||||||
- Definition
Call options purchased to fund the next index credit. No definition available.
|
X | ||||||||||
- Definition
Call options purchased to match the funding requirements. No definition available.
|
X | ||||||||||
- Definition
Derivative Contracts Market Value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weight of raw material under derivative contract. No definition available.
|
X | ||||||||||
- Definition
The aggregate fair value of assets that are already posted, at the end of the reporting period, as collateral for derivative instruments with credit-risk-related contingent features. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of credit risk derivative assets, which includes all such derivative instruments in hedging and non-hedging relationships that are recognized as assets on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of derivative instruments of a particular group held by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Maximum amount the entity would be obligated to pay on the credit risk derivatives upon occurrence of a credit event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate notional amount of foreign currency exchange rate derivatives. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Derivative instrument credit rating. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value of Financial Instruments - Assets and Liabilities Carrying at Fair Value on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
Jan. 01, 2012
|
Sep. 30, 2011
|
---|---|---|---|---|
Assets | ||||
Cash and cash equivalents | $ 1,103.7 | $ 1,470.7 | $ 2,204.8 | $ 1,137.4 |
Derivatives, Assets | ||||
Derivative investments | 156.4 | 200.7 | ||
Fixed maturity securities, available-for-sale: | ||||
Asset-backed loans | 204.8 | 180.1 | ||
Derivatives, Liabilities | ||||
Equity conversion feature of preferred stock | 163.1 | 232.0 | ||
Recurring [Member] | Fair Value [Member]
|
||||
Assets | ||||
Cash and cash equivalents | 1,103.7 | 1,470.7 | ||
Contingent purchase price reduction receivable | 41.0 | 41.0 | ||
Fixed maturity securities, available-for-sale: | ||||
Asset-backed loans | 204.8 | 180.1 | ||
Total financial assets | 18,363.6 | 18,433.3 | ||
Liabilities | ||||
Total debt | 4,138.3 | 2,328.8 | ||
Derivatives, Liabilities | ||||
Equity conversion feature of preferred stock | 163.1 | 232.0 | ||
Redeemable preferred stock, excluding equity conversion feature | 377.8 | 368.9 | ||
Investment contracts, included in contractholder funds | 12,442.7 | 12,271.9 | ||
Total financial liabilities | 18,649.5 | 16,763.3 | ||
Recurring [Member] | Fair Value [Member] | U.S. Government securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 2,023.1 | 930.4 | ||
Recurring [Member] | Fair Value [Member] | Foreign exchange forward agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 0.6 | 1.2 | ||
Derivatives, Liabilities | ||||
Derivative investments | 10.6 | 10.0 | ||
Recurring [Member] | Fair Value [Member] | Commodity swap and option agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 1.8 | 2.0 | ||
Recurring [Member] | Fair Value [Member] | Call options [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 156.4 | 200.7 | ||
Recurring [Member] | Fair Value [Member] | Available-for-sale embedded derivatives [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - available-for-sale | 263.8 | 248.1 | ||
Recurring [Member] | Fair Value [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 1,517.0 | 1,550.8 | ||
Recurring [Member] | Fair Value [Member] | Future contracts [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 0.9 | |||
Recurring [Member] | Fair Value [Member] | Asset-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,290.7 | 1,027.9 | ||
Recurring [Member] | Fair Value [Member] | Commercial mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 563.6 | 553.8 | ||
Recurring [Member] | Fair Value [Member] | Corporates [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 9,874.2 | 11,009.0 | ||
Recurring [Member] | Fair Value [Member] | Hybrids [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 441.5 | 528.2 | ||
Recurring [Member] | Fair Value [Member] | Municipals [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,174.3 | 1,224.0 | ||
Recurring [Member] | Fair Value [Member] | Agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 140.0 | 155.0 | ||
Recurring [Member] | Fair Value [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 969.2 | 660.6 | ||
Recurring [Member] | Carrying Amount [Member]
|
||||
Assets | ||||
Cash and cash equivalents | 1,103.7 | 1,470.7 | ||
Contingent purchase price reduction receivable | 41.0 | 41.0 | ||
Fixed maturity securities, available-for-sale: | ||||
Asset-backed loans | 204.8 | 180.1 | ||
Total financial assets | 18,363.6 | 18,433.3 | ||
Liabilities | ||||
Total debt | 3,917.8 | 2,167.0 | ||
Derivatives, Liabilities | ||||
Equity conversion feature of preferred stock | 163.1 | 232.0 | ||
Redeemable preferred stock, excluding equity conversion feature | 323.0 | 319.2 | ||
Investment contracts, included in contractholder funds | 13,832.0 | 13,739.6 | ||
Total financial liabilities | 19,763.5 | 18,019.5 | ||
Recurring [Member] | Carrying Amount [Member] | U.S. Government securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 2,023.1 | 930.4 | ||
Recurring [Member] | Carrying Amount [Member] | Foreign exchange forward agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 0.6 | 1.2 | ||
Derivatives, Liabilities | ||||
Derivative investments | 10.6 | 10.0 | ||
Recurring [Member] | Carrying Amount [Member] | Commodity swap and option agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 1.8 | 2.0 | ||
Recurring [Member] | Carrying Amount [Member] | Call options [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 156.4 | 200.7 | ||
Recurring [Member] | Carrying Amount [Member] | Available-for-sale embedded derivatives [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - available-for-sale | 263.8 | 248.1 | ||
Recurring [Member] | Carrying Amount [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 1,517.0 | 1,550.8 | ||
Recurring [Member] | Carrying Amount [Member] | Future contracts [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 0.9 | |||
Recurring [Member] | Carrying Amount [Member] | Asset-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,290.7 | 1,027.9 | ||
Recurring [Member] | Carrying Amount [Member] | Commercial mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 563.6 | 553.8 | ||
Recurring [Member] | Carrying Amount [Member] | Corporates [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 9,874.2 | 11,009.0 | ||
Recurring [Member] | Carrying Amount [Member] | Hybrids [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 441.5 | 528.2 | ||
Recurring [Member] | Carrying Amount [Member] | Municipals [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,174.3 | 1,224.0 | ||
Recurring [Member] | Carrying Amount [Member] | Agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 140.0 | 155.0 | ||
Recurring [Member] | Carrying Amount [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 969.2 | 660.6 | ||
Recurring [Member] | Equity securities [Member] | Fair Value [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - trading | 48.3 | 146.8 | ||
Recurring [Member] | Equity securities [Member] | Carrying Amount [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - trading | 48.3 | 146.8 | ||
Recurring [Member] | Fixed maturities securities [Member] | Fair Value [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 33.9 | 35.0 | ||
Recurring [Member] | Fixed maturities securities [Member] | Carrying Amount [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 33.9 | 35.0 | ||
Recurring [Member] | Policy loans [Member] | Fair Value [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Policy loans and other invested assets | 32.7 | 18.8 | ||
Recurring [Member] | Policy loans [Member] | Carrying Amount [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Policy loans and other invested assets | 32.7 | 18.8 | ||
Recurring [Member] | Level 1 [Member]
|
||||
Assets | ||||
Cash and cash equivalents | 1,103.7 | 1,468.4 | ||
Fixed maturity securities, available-for-sale: | ||||
Total financial assets | 3,175.1 | 2,545.6 | ||
Liabilities | ||||
Total debt | 524.0 | |||
Derivatives, Liabilities | ||||
Total financial liabilities | 524.0 | |||
Recurring [Member] | Level 1 [Member] | U.S. Government securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 2,023.1 | 930.4 | ||
Recurring [Member] | Level 1 [Member] | Equity securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - trading | 48.3 | 146.8 | ||
Recurring [Member] | Level 2 [Member]
|
||||
Assets | ||||
Cash and cash equivalents | 2.3 | |||
Fixed maturity securities, available-for-sale: | ||||
Total financial assets | 14,637.5 | 15,482.8 | ||
Liabilities | ||||
Total debt | 4,138.3 | 1,804.8 | ||
Derivatives, Liabilities | ||||
Total financial liabilities | 4,148.9 | 1,815.7 | ||
Recurring [Member] | Level 2 [Member] | Foreign exchange forward agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 0.6 | 1.2 | ||
Derivatives, Liabilities | ||||
Derivative investments | 10.6 | 10.0 | ||
Recurring [Member] | Level 2 [Member] | Commodity swap and option agreements [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 1.8 | 2.0 | ||
Recurring [Member] | Level 2 [Member] | Call options [Member]
|
||||
Derivatives, Assets | ||||
Derivative investments | 156.4 | 200.7 | ||
Recurring [Member] | Level 2 [Member] | Available-for-sale embedded derivatives [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Equity securities - available-for-sale | 263.8 | 248.1 | ||
Recurring [Member] | Level 2 [Member] | Future contracts [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 0.9 | |||
Recurring [Member] | Level 2 [Member] | Asset-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,285.4 | 1,012.0 | ||
Recurring [Member] | Level 2 [Member] | Commercial mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 557.5 | 548.8 | ||
Recurring [Member] | Level 2 [Member] | Corporates [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 9,618.1 | 10,873.7 | ||
Recurring [Member] | Level 2 [Member] | Hybrids [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 436.5 | 519.4 | ||
Recurring [Member] | Level 2 [Member] | Municipals [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 1,174.3 | 1,224.0 | ||
Recurring [Member] | Level 2 [Member] | Agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 140.0 | 155.0 | ||
Recurring [Member] | Level 2 [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 969.2 | 660.6 | ||
Recurring [Member] | Level 2 [Member] | Fixed maturities securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 33.9 | 35.0 | ||
Recurring [Member] | Level 3 [Member]
|
||||
Assets | ||||
Contingent purchase price reduction receivable | 41.0 | 41.0 | ||
Fixed maturity securities, available-for-sale: | ||||
Asset-backed loans | 204.8 | 180.1 | ||
Total financial assets | 551.0 | 404.9 | ||
Derivatives, Liabilities | ||||
Equity conversion feature of preferred stock | 163.1 | 232.0 | ||
Redeemable preferred stock, excluding equity conversion feature | 377.8 | 368.9 | ||
Investment contracts, included in contractholder funds | 12,442.7 | 12,271.9 | ||
Total financial liabilities | 14,500.6 | 14,423.6 | ||
Recurring [Member] | Level 3 [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||
Derivatives, Liabilities | ||||
Derivative investments | 1,517.0 | 1,550.8 | ||
Recurring [Member] | Level 3 [Member] | Asset-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 5.3 | 15.9 | ||
Recurring [Member] | Level 3 [Member] | Commercial mortgage-backed securities [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 6.1 | 5.0 | ||
Recurring [Member] | Level 3 [Member] | Corporates [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 256.1 | 135.3 | ||
Recurring [Member] | Level 3 [Member] | Hybrids [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Fixed maturity securities, available-for-sale | 5.0 | 8.8 | ||
Recurring [Member] | Level 3 [Member] | Policy loans [Member]
|
||||
Fixed maturity securities, available-for-sale: | ||||
Policy loans and other invested assets | $ 32.7 | $ 18.8 |
X | ||||||||||
- Definition
Asset backed loans and other invested assets. No definition available.
|
X | ||||||||||
- Definition
Assets fair value disclosure and measurement. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Contingent purchase price reduction receivable. No definition available.
|
X | ||||||||||
- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
|
X | ||||||||||
- Definition
Held to maturity securities current Fair value disclosure. No definition available.
|
X | ||||||||||
- Definition
Liabilities fair value disclosure and measurement. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. The amount shown on an entity's books for liabilities related to investment contracts (guaranteed investment contract, annuities), net of any reductions or offsets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents the amount of mandatorily redeemable preferred stock which the Company has issued and which is outstanding as of the balance sheet date. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable and, therefore, becomes a liability - if that event occurs, the condition is resolved, or the event becomes certain to occur. A mandatorily redeemable financial instrument is classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, this item represents investments in common and preferred stocks and other forms of securities that provide ownership interests in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This element represents the fair value of assets categorized as other which are not in and of themselves material enough to require separate disclosure. No definition available.
|
X | ||||||||||
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Trading Securities which consist of all investments in certain debt and equity securities that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for which an entity has elected the fair value option. Trading generally reflects active and frequent buying and selling, and trading securities are generally used with the objective of generating profits on short-term differences in price, but this category of investments may also include items which are not intended to be sold in the near term or for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value of Financial Instruments - Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 12 Months Ended |
---|---|---|
Dec. 30, 2012
|
Sep. 30, 2012
|
|
Assets | ||
Assets | $ 313.5 | $ 206.0 |
Assets | 313.5 | 206.0 |
Liabilities | 1,680.1 | 1,782.8 |
Asset-backed securities [Member]
|
||
Assets | ||
Assets | 5.3 | 15.9 |
Assets | 5.3 | 15.9 |
Commercial mortgage-backed securities [Member]
|
||
Assets | ||
Assets | 6.1 | 5.0 |
Assets | 6.1 | 5.0 |
Corporates [Member]
|
||
Assets | ||
Assets | 32.7 | 32.0 |
Assets | 32.7 | 32.0 |
Hybrids [Member]
|
||
Assets | ||
Assets | 5.0 | |
Assets | 5.0 | |
Broker-quoted [Member] | Asset-backed securities [Member]
|
||
Assets | ||
Valuation Technique | Broker-quoted | |
Broker-quoted [Member] | Commercial mortgage-backed securities [Member]
|
||
Assets | ||
Valuation Technique | Market pricing | |
Broker-quoted [Member] | Corporates [Member]
|
||
Assets | ||
Valuation Technique | Broker-quoted | |
Broker-quoted [Member] | Hybrids [Member]
|
||
Assets | ||
Valuation Technique | Market pricing | |
Market pricing [Member] | Corporates [Member]
|
||
Assets | ||
Assets | 223.4 | 103.3 |
Assets | 223.4 | 103.3 |
Valuation Technique | Broker-quoted | |
Market pricing [Member] | Hybrids [Member]
|
||
Assets | ||
Assets | 8.8 | |
Assets | 8.8 | |
Valuation Technique | Broker-quoted | |
Contingent purchase price reduction receivable [Member]
|
||
Assets | ||
Assets | 41.0 | 41.0 |
Assets | 41.0 | 41.0 |
Contingent purchase price reduction receivable [Member] | Discounted cash flow [Member]
|
||
Assets | ||
Valuation Technique | Discounted cash flow | |
FIA embedded derivatives, included in contractholder funds [Member]
|
||
Assets | ||
Liabilities | 1,517.0 | 1,550.8 |
FIA embedded derivatives, included in contractholder funds [Member] | Discounted cash flow [Member]
|
||
Assets | ||
Valuation Technique | Discounted cash flow | |
Equity conversion feature of preferred stock [Member]
|
||
Assets | ||
Liabilities | $ 163.1 | $ 232.0 |
Equity conversion feature of preferred stock [Member] | Monte Carlo simulation / Option model [Member]
|
||
Assets | ||
Valuation Technique | Monte Carlo simulation / Option model | |
Minimum [Member] | Asset-backed securities [Member]
|
||
Assets | ||
Offered quotes | 100.00% | |
Minimum [Member] | Corporates [Member]
|
||
Assets | ||
Quoted prices | 0.00% | 0.00% |
Offered quotes | 88.00% | 88.00% |
Minimum [Member] | Hybrids [Member]
|
||
Assets | ||
Quoted prices | 0.00% | |
Minimum [Member] | Contingent purchase price reduction receivable [Member]
|
||
Assets | ||
Probability of collection | 88.00% | 88.00% |
Minimum [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Assets | ||
Market value of option | 0.00% | 0.00% |
SWAP rates | 0.86% | 0.76% |
Surrender rates | 0.50% | 2.00% |
Non-performance spread | 0.25% | 0.25% |
Minimum [Member] | Equity conversion feature of preferred stock [Member]
|
||
Assets | ||
Annualized volatility of equity | 44.00% | 41.00% |
Discount yield | 11.00% | 12.00% |
Calibration adjustment | 17.00% | 10.00% |
Maximum [Member] | Asset-backed securities [Member]
|
||
Assets | ||
Offered quotes | 109.00% | 110.00% |
Maximum [Member] | Commercial mortgage-backed securities [Member]
|
||
Assets | ||
Offered quotes | 101.00% | |
Maximum [Member] | Corporates [Member]
|
||
Assets | ||
Quoted prices | 149.00% | 141.00% |
Offered quotes | 149.00% | 158.00% |
Maximum [Member] | Hybrids [Member]
|
||
Assets | ||
Quoted prices | 103.00% | |
Maximum [Member] | Contingent purchase price reduction receivable [Member]
|
||
Assets | ||
Probability of collection | 96.00% | 96.00% |
Expected term | 9 months | 9 months |
Discount rate | 0.62% | 0.72% |
Credit insurance risk premium | 12.00% | 12.00% |
Maximum [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Assets | ||
Market value of option | 30.00% | 31.00% |
SWAP rates | 2.00% | 2.00% |
Mortality multiplier | 80.00% | 70.00% |
Surrender rates | 75.00% | 50.00% |
Non-performance spread | 0.25% | 0.25% |
Maximum [Member] | Equity conversion feature of preferred stock [Member]
|
||
Assets | ||
Discount yield | 13.00% | |
Non-cash accretion rate | 0.00% | 0.00% |
Calibration adjustment | 19.00% | 13.00% |
Weighted average [Member] | Asset-backed securities [Member]
|
||
Assets | ||
Offered quotes | 103.00% | |
Weighted average [Member] | Commercial mortgage-backed securities [Member]
|
||
Assets | ||
Offered quotes | 102.00% | |
Weighted average [Member] | Corporates [Member]
|
||
Assets | ||
Quoted prices | 80.00% | 69.00% |
Offered quotes | 95.00% | 98.00% |
Weighted average [Member] | Hybrids [Member]
|
||
Assets | ||
Quoted prices | 25.00% | |
Offered quotes | 100.00% | |
Weighted average [Member] | Contingent purchase price reduction receivable [Member]
|
||
Assets | ||
Probability of collection | 92.00% | 92.00% |
Weighted average [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Assets | ||
Market value of option | 2.00% | 4.00% |
SWAP rates | 1.00% | 1.00% |
Surrender rates | 7.00% | 7.00% |
Non-performance spread | 0.25% | 0.25% |
Weighted average [Member] | Equity conversion feature of preferred stock [Member]
|
||
Assets | ||
Discount yield | 12.00% | |
Calibration adjustment | 18.00% | 11.00% |
X | ||||||||||
- Definition
Fair value inputs market value of option. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements annualized volatility of equity. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements calibration adjustment. No definition available.
|
X | ||||||||||
- Definition
Credit insurance risk premium. No definition available.
|
X | ||||||||||
- Definition
Discount yield. No definition available.
|
X | ||||||||||
- Definition
Mortality multiplier. No definition available.
|
X | ||||||||||
- Definition
Non-cash accretion rate. No definition available.
|
X | ||||||||||
- Definition
Non-performance spread. No definition available.
|
X | ||||||||||
- Definition
Offered quotes. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements probability of collection. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements quoted prices. No definition available.
|
X | ||||||||||
- Definition
Surrender rates. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements swap rates. No definition available.
|
X | ||||||||||
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the inputs and valuation technique(s) used to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the aggregate of the liabilities reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value of Financial Instruments - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Percentage of male contractholder | 50.00% | |
Percentage of female contractholder | 50.00% | |
Net transfer In (Out) of Level 3 | $ (14.1) | $ (10.3) |
Corporates [Member]
|
||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Net transfer In (Out) of Level 3 | 0.1 | (10.4) |
Municipals [Member]
|
||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Net transfer In (Out) of Level 3 | $ 0.1 |
X | ||||||||||
- Definition
Percentage of female contract holder. No definition available.
|
X | ||||||||||
- Definition
Percentage of male contract holder. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents [net] transfers in to and out of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) which have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value of Financial Instruments - Changes in Fair Value of Financial Instruments (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 3 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
Dec. 30, 2012
Asset-backed securities [Member]
|
Jan. 01, 2012
Asset-backed securities [Member]
|
Dec. 30, 2012
Commercial mortgage-backed securities [Member]
|
Dec. 30, 2012
Corporates [Member]
|
Jan. 01, 2012
Corporates [Member]
|
Dec. 30, 2012
Hybrids [Member]
|
Jan. 01, 2012
Hybrids [Member]
|
Dec. 30, 2012
Municipals [Member]
|
Jan. 01, 2012
Municipals [Member]
|
Jan. 01, 2012
Non-agency residential mortgage-backed securities [Member]
|
Dec. 30, 2012
Contingent purchase price reduction receivable [Member]
|
Sep. 30, 2012
Contingent purchase price reduction receivable [Member]
|
Jan. 01, 2012
Agency residential mortgage-backed securities [Member]
|
Dec. 30, 2012
FIA embedded derivatives, included in contractholder funds [Member]
|
Jan. 01, 2012
FIA embedded derivatives, included in contractholder funds [Member]
|
Dec. 30, 2012
Equity conversion feature of preferred stock [Member]
|
Jan. 01, 2012
Equity conversion feature of preferred stock [Member]
|
Jan. 01, 2012
Available-for-sale embedded derivatives [Member]
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||||||||||||||||
Balance at Beginning of Period | $ 206.0 | $ 546.5 | $ 15.9 | $ 374.5 | $ 5.0 | $ 135.3 | $ 159.7 | $ 8.8 | $ 5.2 | $ 3.8 | $ 41.0 | $ 41.0 | $ 3.3 | |||||||
Total Gains (Losses) Included in Earnings | (0.2) | (0.1) | (0.2) | (0.1) | ||||||||||||||||
Total Gains (Losses) Included in AOCI | (2.1) | (5.6) | (0.1) | (4.6) | 0.1 | (2.0) | (0.9) | (0.1) | (0.1) | |||||||||||
Purchases | 134.2 | 38.8 | 38.8 | 1.0 | 133.2 | |||||||||||||||
Sales | (9.6) | (7.0) | (9.6) | (7.0) | ||||||||||||||||
Settlements | (0.7) | (10.9) | (8.0) | (0.7) | (2.8) | (0.1) | ||||||||||||||
Net transfer In (Out) of Level 3 | (14.1) | (10.3) | (10.5) | 0.1 | (10.4) | (3.7) | 0.1 | |||||||||||||
Balance at End of Period | 313.5 | 551.4 | 5.3 | 400.7 | 6.1 | 256.1 | 138.5 | 5.0 | 5.1 | 0.1 | 3.7 | 41.0 | 41.0 | 3.3 | ||||||
Balance at Beginning of Period | 1,782.8 | 1,472.1 | 1,550.8 | 1,396.3 | 232.0 | 75.4 | 0.4 | |||||||||||||
Total Gains (Losses) Included in Earnings | (102.7) | 30.8 | (33.8) | 58.7 | (68.9) | (27.9) | ||||||||||||||
Total Gains (Losses) Included in AOCI | ||||||||||||||||||||
Purchases | ||||||||||||||||||||
Sales | ||||||||||||||||||||
Settlements | ||||||||||||||||||||
Net Transfer in (Out) of Level 3 | ||||||||||||||||||||
Balance at End of Period | $ 1,680.1 | $ 1,502.9 | $ 1,517.0 | $ 1,455.0 | $ 163.1 | $ 47.5 | $ 0.4 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in earnings, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in other comprehensive income, arising from assets measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Purchases that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sales that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents [net] transfers in to and out of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) which have taken place during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents an asset measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in earnings, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in other comprehensive income, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Purchases that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sales that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Settlements that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents [net] transfers in to and out of liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) which have taken place during the period. No definition available.
|
X | ||||||||||
- Definition
This element represents a liability measured at fair value using significant unobservable inputs (Level 3) which is required for reconciliation purposes of beginning and ending balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Adjustment for change in unrealized investment losses (gains) net. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Deferrals. No definition available.
|
X | ||||||||||
- Definition
Finite Lived Intangible Asset Amortization Expense No definition available.
|
X | ||||||||||
- Definition
Goodwill Amortization No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Indefinite Lived Intangible Assets Excluding Goodwill Amortization Expense No definition available.
|
X | ||||||||||
- Definition
Intangible assets acquired during period. No definition available.
|
X | ||||||||||
- Definition
Intangible assets translation adjustments. No definition available.
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of assets, excluding financial assets and goodwill, lacking physical substance with a finite life acquired. No definition available.
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) to assets, excluding financial assets and goodwill, lacking physical substance with a finite life for foreign currency translation adjustments. No definition available.
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of goodwill acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) to the recorded value of goodwill for foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of indefinite-lived intangible assets acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation. No definition available.
|
X | ||||||||||
- Definition
Carrying amount of assets (excluding financial assets) that lack physical substance, excluding goodwill, having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) to assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity for foreign currency translation adjustments. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Intangibles, including DAC and VOBA - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
Sep. 30, 2012
|
|
Intangible assets amortization method | Straight-line method | ||
Amortization | $ 86.6 | $ 56.7 | |
2012 | 78.5 | ||
2013 | 78.5 | ||
2014 | 78.5 | ||
2015 | 78.5 | ||
2016 | 78.5 | ||
VOBA [Member]
|
|||
Weighted average amortization period | 5 years 3 months 18 days | ||
Cumulative adjustments for net unrealized investment gains | 308.2 | 339.4 | |
Amortization | 58.9 | 36.5 | |
2012 | 28.6 | ||
2013 | 53.9 | ||
2014 | 48.3 | ||
2015 | 43.7 | ||
2016 | 36.4 | ||
DAC [Member]
|
|||
Weighted average amortization period | 6 years 1 month 6 days | ||
Cumulative adjustments for net unrealized investment gains | 53.9 | 50.7 | |
Amortization | 10.6 | 5.6 | |
Deferred sales inducements, net of shadow adjustments | 10.7 | 9.1 | |
2012 | 15.4 | ||
2013 | 26.7 | ||
2014 | 27.2 | ||
2015 | 25.9 | ||
2016 | $ 24.3 | ||
Minimum [Member]
|
|||
Weighted average amortization period | 1 year | ||
Maximum [Member]
|
|||
Weighted average amortization period | 20 years |
X | ||||||||||
- Definition
Cumulative adjustments for net unrealized investment gains. No definition available.
|
X | ||||||||||
- Definition
Deferred sales inducements, net of shadow adjustments. No definition available.
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amortization method of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. The straight-line method is the preferred amortization method, unless another method better reflects the pattern in which the asset is consumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA - Summary of Amortization Expense of Definite Lived Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Finite Lived Intangible Assets Amortization Expense [Line Items] | ||
Amortization expense related to intangibles | $ 86.6 | $ 56.7 |
Customer relationships [Member]
|
||
Finite Lived Intangible Assets Amortization Expense [Line Items] | ||
Amortization expense related to intangibles | 10.4 | 9.6 |
Trade names [Member]
|
||
Finite Lived Intangible Assets Amortization Expense [Line Items] | ||
Amortization expense related to intangibles | 3.6 | 3.1 |
Technology assets [Member]
|
||
Finite Lived Intangible Assets Amortization Expense [Line Items] | ||
Amortization expense related to intangibles | $ 3.1 | $ 1.9 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Intangibles, including DAC and VOBA - Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
---|---|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | $ 78.5 |
2014 | 78.5 |
2015 | 78.5 |
2016 | 78.5 |
2017 | 78.5 |
VOBA [Member]
|
|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | 28.6 |
2014 | 53.9 |
2015 | 48.3 |
2016 | 43.7 |
2017 | 36.4 |
Thereafter | 174.1 |
DAC [Member]
|
|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | 15.4 |
2014 | 26.7 |
2015 | 27.2 |
2016 | 25.9 |
2017 | 24.3 |
Thereafter | $ 125.5 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized after the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. No definition available.
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt - Summary of Debt (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
Dec. 14, 2012
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Dec. 14, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Dec. 30, 2012
Former term loan facility [Member]
|
Dec. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Dec. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Sep. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Former term loan facility [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
9.5% Senior Secured Notes, due June 15, 2018 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
9.5% Senior Secured Notes, due June 15, 2018 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
6.75% Senior Notes, due March 15, 2020 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
6.75% Senior Notes, due March 15, 2020 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
6.375% Senior Notes, due November 15, 2020 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
6.625% Senior Notes, due November 15, 2022 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
Other notes and obligations [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Other notes and obligations [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
Capitalized lease obligations [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Capitalized lease obligations [Member]
|
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | ||||||||||||||||||||||
Long-term Debt | $ 3,925.9 | $ 2,165.0 | $ 370.2 | $ 700.0 | $ 500.0 | $ 799.1 | $ 370.2 | $ 950.0 | $ 950.0 | $ 300.0 | $ 300.0 | $ 520.0 | $ 570.0 | $ 32.0 | $ 26.3 | $ 18.1 | $ 28.5 | $ 26.7 | ||||
Original issuance (discounts) premiums on debt, net | (8.1) | 2.0 | ||||||||||||||||||||
Total Debt | 3,917.8 | 2,167.0 | ||||||||||||||||||||
Less current maturities | 29.2 | 16.4 | ||||||||||||||||||||
Non-current portion of debt | $ 3,917.8 | $ 2,167.0 | ||||||||||||||||||||
Long-term debt, interest rate | 7.875% | 10.625% | 7.875% | 10.625% | 10.625% | 4.60% | 5.10% | 9.50% | 9.50% | 6.75% | 6.75% | 6.375% | 6.625% | 3.80% | 4.30% | 8.60% | 10.90% | 6.20% | 6.20% |
X | ||||||||||
- Definition
Long Term Debt Current And Non Current No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt - Summary of Debt (Parenthetical) (Detail) (ABL Facility, expiring May 24, 2017 [Member])
|
3 Months Ended |
---|---|
Dec. 30, 2012
|
|
ABL Facility, expiring May 24, 2017 [Member]
|
|
Debt Instrument [Line Items] | |
Long-term Debt, expiration date | May 24, 2017 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Debt - Additional Information (Detail)
In Millions, unless otherwise specified |
3 Months Ended | 3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2012
USD ($)
|
Sep. 30, 2012
USD ($)
|
Dec. 30, 2012
ABL Facility, expiring May 24, 2017 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan amendments [Member]
ABL Facility, expiring May 24, 2017 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
USD ($)
|
Dec. 30, 2012
HGI [Member]
USD ($)
|
Dec. 30, 2012
6.375% Notes and 6.625% Notes [Member]
Spectrum Brands [Member]
|
Dec. 14, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Dec. 30, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
HGI [Member]
USD ($)
|
Sep. 30, 2012
10.625% Senior Secured Notes, due November 15, 2015 [Member]
HGI [Member]
USD ($)
|
Dec. 30, 2012
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 14, 2012
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 30, 2012
7.875% Senior Secured Notes, due July 15, 2019 [Member]
HGI [Member]
USD ($)
|
Dec. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
CAD
|
Dec. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
USD ($)
|
Nov. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
USD ($)
|
Nov. 30, 2012
Term Loan, due December 17, 2019 [Member]
Spectrum Brands [Member]
CAD
|
Dec. 30, 2012
Former term loan facility [Member]
USD ($)
|
Sep. 30, 2012
Former term loan facility [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
Former term loan facility [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
6.375% Senior Notes, due November 15, 2020 [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
6.375% Senior Notes, due November 15, 2020 [Member]
Spectrum Brands [Member]
|
Nov. 30, 2012
6.375% Senior Notes, due November 15, 2020 [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
6.625% Senior Notes, due November 15, 2022 [Member]
Spectrum Brands [Member]
USD ($)
|
Dec. 30, 2012
6.625% Senior Notes, due November 15, 2022 [Member]
Spectrum Brands [Member]
|
Nov. 30, 2012
6.625% Senior Notes, due November 15, 2022 [Member]
Spectrum Brands [Member]
USD ($)
|
|
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||
Long-term debt, interest rate | 10.625% | 10.625% | 10.625% | 7.875% | 7.875% | 4.60% | 5.10% | 6.375% | 6.375% | 6.375% | 6.625% | 6.625% | 6.625% | ||||||||||||||||
Long-term debt | $ 498.0 | $ 700.0 | $ 800.0 | 100.0 | $ 800.0 | $ 800.0 | 100.0 | $ 520.0 | $ 570.0 | ||||||||||||||||||||
Discharge of remaining outstanding | 2.0 | 2.0 | |||||||||||||||||||||||||||
Cash charges on Interest Expense | 58.9 | ||||||||||||||||||||||||||||
Cash charges for fees and expenses | 45.7 | ||||||||||||||||||||||||||||
Cash charges related to the Satisfaction and Discharge | 0.2 | ||||||||||||||||||||||||||||
Non-cash charges for the write down/write-off of debt issuance costs and discount/premium | 13.0 | ||||||||||||||||||||||||||||
Long-term debt, percentage | 99.36% | ||||||||||||||||||||||||||||
Original issuance discounts on debt, net | 4.5 | ||||||||||||||||||||||||||||
Other assets | 347.2 | 172.6 | 43.6 | 19.2 | |||||||||||||||||||||||||
Redemption price of debt instrument to percentage of principal amount | 100.00% | ||||||||||||||||||||||||||||
Debt instrument principal amount redemption percentage | 35.00% | ||||||||||||||||||||||||||||
Proceeds from repurchase of equity, percentage | 107.875% | ||||||||||||||||||||||||||||
Original maturity date | 90 | ||||||||||||||||||||||||||||
Redemption percentage of aggregate debt outstanding | 65.00% | ||||||||||||||||||||||||||||
Debt maturity date | Dec. 17, 2019 | Dec. 17, 2019 | Jun. 17, 2016 | Jun. 17, 2016 | |||||||||||||||||||||||||
Long-term Debt | 3,925.9 | 2,165.0 | 500.0 | 700.0 | 799.1 | 370.2 | 370.2 | 370.2 | 520.0 | 570.0 | |||||||||||||||||||
Adjustment to increase interest expense | 5.5 | ||||||||||||||||||||||||||||
Minimum percentage of aggregate outstanding principal held by registered holders | 25.00% | ||||||||||||||||||||||||||||
Asset based lending revolving credit facility, before increase | 300.0 | ||||||||||||||||||||||||||||
Asset based lending revolving credit facility | 400.0 | ||||||||||||||||||||||||||||
Extended Maturity Date | May 24, 2017 | ||||||||||||||||||||||||||||
Aggregate borrowing availability | 133.3 | ||||||||||||||||||||||||||||
Net of lender reserves | 7.9 | ||||||||||||||||||||||||||||
Letter of credit outstanding | 25.4 | ||||||||||||||||||||||||||||
Interest expenses | $ 2.4 |
X | ||||||||||
- Definition
Debt amount reserve by lender. No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Initial Purchasers Discount No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Issue Price As Percentage Of Principle Amount No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Maturity Date Period No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Principal Amount Redemption Percentage No definition available.
|
X | ||||||||||
- Definition
Fees For Refinancing Efforts No definition available.
|
X | ||||||||||
- Definition
Increase in cash charge of interest expenses. No definition available.
|
X | ||||||||||
- Definition
Interest Expenses No definition available.
|
X | ||||||||||
- Definition
Line of credit facility extended maturity date. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of aggregate outstanding principal held by registered holders. No definition available.
|
X | ||||||||||
- Definition
Minimum Percentage Of Original Aggregate Principal Amount Of Notes To Remain Outstanding Immediately After Redemption No definition available.
|
X | ||||||||||
- Definition
Non Cash Portion Of Debt Retirement Charge No definition available.
|
X | ||||||||||
- Definition
Proceeds From Repurchase Of Equity Percentage No definition available.
|
X | ||||||||||
- Definition
Redemption Price Of Debt Instrument To Percentage Of Principal Amount No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decrease for amounts repaid on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Defined Benefit Plans - Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made (Detail) (Net periodic benefit cost [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Net periodic benefit cost [Member]
|
||
Pension Plans, Postretirement and Other Employee Benefits [Line Items] | ||
Service cost | $ 0.8 | $ 0.6 |
Interest cost | 2.6 | 2.2 |
Expected return on assets | (2.5) | (1.5) |
Recognized net actuarial loss | 0.5 | |
Employee contributions | ||
Net periodic benefit expense | 1.4 | 1.3 |
Contributions made during period | $ 0.7 | $ 0.9 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of gain (loss) from a decision to temporarily deviate from the substantive plan, or from a change in benefit obligation or plan asset value from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover or salary scale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase in the fair value of plan assets from contributions made by the employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of contributions made by plan participants. This item represents a periodic increase to the plan obligation and an increase to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Reinsurance - Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items] | ||
Direct, Insurance Premiums | $ 72.4 | $ 76.2 |
Assumed, Insurance Premiums | 12.1 | 12.2 |
Ceded, Insurance Premiums | (70.7) | (71.6) |
Net Insurance Premiums | 13.8 | 16.8 |
Direct, Benefits and Other Changes in Insurance Policy Reserves | 139.6 | 237.7 |
Assumed, Benefits and Other Changes in Insurance Policy Reserves | 6.5 | 8.5 |
Ceded, Benefits and Other Changes in Insurance Policy Reserves | (62.5) | (69.3) |
Net Benefits and Other Changes in Insurance Policy Reserves | $ 83.6 | $ 176.9 |
X | ||||||||||
- Definition
Premiums earned for all life insurance assumed from other insurers as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Premiums assumed and earned by another insurer as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Premiums earned directly for all life insurance before adding contracts assumed from other insurers or subtracting any amounts assumed by other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Premiums recognized as revenue in the period earned on all life insurance and reinsurance contracts after subtracting any amounts ceded to another insurer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the provision for the period for claims and benefits incurred on contract risks assumed from other (ceding) insurers under reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The reduction in the amount of the provision for the period for claims and benefits incurred on contract risks ceded to other insurers under reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net amount of the provision for the period for claims and benefits incurred on contracts directly written, assumed, and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the provision for the period for claims and benefits incurred on contracts acquired by the insurer during the period in other than reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Reinsurance - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | 3 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2012
|
Dec. 30, 2012
|
Oct. 17, 2011
|
Apr. 08, 2011
|
|
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items] | ||||
Fair value of insurance transferred assets | $ 580.7 | $ 535.8 | ||
Pre-tax gain on reinsurance transactions deferred | 18.0 | |||
FGL cedes fund on withheld basis | 10.00% | |||
Nomura [Member]
|
||||
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items] | ||||
Reserve financing facility | 295.0 | |||
Upfront structuring fee | $ 2.8 |
X | ||||||||||
- Definition
Fair value of assets transferred including ceding commission under commitment agreement. No definition available.
|
X | ||||||||||
- Definition
Letter Of Credit No definition available.
|
X | ||||||||||
- Definition
Pretax Gain On Reinsurance Transactions Deferred No definition available.
|
X | ||||||||||
- Definition
Upfront Arrangement Fees Incurred In Connection With Credit Facility No definition available.
|
X | ||||||||||
- Definition
Ratio of premium income to reinsurance. No definition available.
|
X | ||||||||||
- Details
|
Stock Compensation - Consolidated Stock Compensation Expense (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||
Stock compensation expense | $ 6.5 | $ 4.5 |
Related tax benefit | 0.3 | |
Noncontrolling interest | 1.4 | 2.0 |
Net | $ 4.8 | $ 2.5 |
X | ||||||||||
- Definition
Stock compensation expense noncontrolling. No definition available.
|
X | ||||||||||
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of expense, net of income tax, recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Share based compensation arrangement by share based payment award equity instruments options nonvested weighted average grant date fair value. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Awards Expected To Vest Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Number No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Weighted Average Exercise Price No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Weighted Average grant date fair value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
As of the balance sheet date, the weighted-average exercise price for outstanding stock options that are fully vested or expected to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Awards Expected To Vest Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Exercisable In Period No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Exercisable In Period Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
As of the balance sheet date, the number of shares into which fully vested and expected to vest stock options outstanding can be converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Options Fair Value at Grant Date. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Remaining Contractual Term No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Remaining No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Unrecognized Compensation Cost To Be Recognized. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Expense Related To Accelerated Vesting Provisions No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate value of stock related to Restricted Stock Awards issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock Compensation - Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model (Detail) (HGI [Member])
|
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Risk-free interest rate | 0.84% | 1.19% |
Assumed dividend yield | 0.00% | 0.00% |
Expected option term | 6 years | |
Volatility | 33.00% | |
Minimum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected option term | 5 years 3 months 18 days | |
Volatility | 42.80% | |
Maximum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected option term | 6 years | |
Volatility | 44.00% |
X | ||||||||||
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
Sep. 30, 2012
|
|
Income Taxes [Line Items] | |||
Effective tax rate | 48.60% | 46.50% | |
Statutory rate | 35.00% | ||
Valuation allowances on deferred tax assets | $ 45.9 | $ 13.9 | |
Percentage of ownership change | 50.00% | ||
Time period over percentage change of ownership occur | 3 years | ||
Unrecognized tax benefits | 5.5 | 5.9 | |
Uncertain tax positions [Member]
|
|||
Income Taxes [Line Items] | |||
Accrued interest and penalties related to the uncertain tax positions | $ 3.4 | $ 3.6 |
X | ||||||||||
- Definition
Deferred Tax Assets Valuation Release Of Allowance No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage of ownership change. No definition available.
|
X | ||||||||||
- Definition
Time period over percentage change of ownership occur. No definition available.
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of estimated penalties and interest accrued as of the balance sheet date arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Dilutive Adjustments To Income Loss Attributable To Common Stock From Assumed Conversion Of Preferred Stock Net Of Tax No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Incremental Common Shares Attributable To Conversion Of Restricted Stock Units No definition available.
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Participating Common Shares Outstanding No definition available.
|
X | ||||||||||
- Definition
Participating Preferred Shares As Converted Basis No definition available.
|
X | ||||||||||
- Definition
Participating Shares No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage Of Income Loss Allocated To Common Shares No definition available.
|
X | ||||||||||
- Definition
Percentage Of Income Loss Allocated To Preferred Shares No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of accretion of the preferred stock redemption discount during the period. No definition available.
|
X | ||||||||||
- Definition
The excess of (1) the fair value of all securities and other consideration transferred in transactions by the registrant to the holders of the convertible preferred stock over (2) the fair value of securities issuable pursuant to the original conversion terms, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Benefit Expense Net Of Reinsurance To Increase Reserves To Cover Potential Benefits Payable No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Notional amount of unfunded, legally binding lending commitments. No definition available.
|
X | ||||||||||
- Definition
Partially amount of notional amount of unfunded, legally binding lending commitments. No definition available.
|
X | ||||||||||
- Definition
Contingent Liabilities Established Related To Administrative Costs And Potential Liabilities Due To Audits And Examinations No definition available.
|
X | ||||||||||
- Definition
Contingent Liabilities Established Related To External Legal Costs And Potential Liabilities Due To Audits And Examinations No definition available.
|
X | ||||||||||
- Definition
Expiry Dated Of Partial Amount Of Notional Amount No definition available.
|
X | ||||||||||
- Definition
Expiry date of remainder part of notional amount. No definition available.
|
X | ||||||||||
- Definition
Reserves for legal, environmental and regulatory matters. No definition available.
|
X | ||||||||||
- Definition
Shareholder contingencies percentage of notes and preferred stock. No definition available.
|
X | ||||||||||
- Definition
Amount of costs recognized in the balance sheet for known or estimated future costs arising from requirements to perform activities to remediate one or more sites. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of insurance-related assessment liability that is expected to be recovered through a premium tax offset based on current laws applied to in-force policies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The liability as of the balance sheet date representing required funding mandated by statute or regulatory authority that is related directly or indirectly to underwriting activities, including pools for self-insurance and excluding premium taxes and income taxes. The funds derived from the assessments generally enable a government guarantor to pay insurance claims in the event that the underwriting insurer is insolvent or otherwise unable to meet its payment obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions - Schedule of Preliminary purchase price (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 17, 2012
HHI Business [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
|
---|---|---|
Business Acquisition Information [Line Items] | ||
Negotiated sales price, excluding TLM Taiwan | $ 1,300.0 | $ 50.0 |
Preliminary working capital and other adjustments | (10.6) | (0.4) |
Preliminary purchase price | $ 1,289.4 | $ 49.6 |
X | ||||||||||
- Definition
Business Acquisition Cost Of Acquired Entity Preliminary Purchase Price No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Business Acquisition Negotiated Sales Price No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Preliminary Working Capital And Other Adjustments No definition available.
|
Acquisitions - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
Dec. 17, 2012
|
Nov. 08, 2012
|
Dec. 30, 2012
Minimum [Member]
|
Dec. 30, 2012
Maximum [Member]
|
Dec. 30, 2012
Technology assets [Member]
|
Dec. 30, 2012
Technology assets [Member]
Minimum [Member]
|
Dec. 30, 2012
Technology assets [Member]
Maximum [Member]
|
Dec. 30, 2012
Trade name license agreement [Member]
|
Dec. 30, 2012
Trade name license agreement [Member]
Minimum [Member]
|
Dec. 30, 2012
Trade name license agreement [Member]
Maximum [Member]
|
Dec. 30, 2012
Trade name [Member]
|
Dec. 30, 2012
Trade name [Member]
Minimum [Member]
|
Dec. 30, 2012
Trade name [Member]
Maximum [Member]
|
Dec. 30, 2012
Customer relationships [Member]
|
Dec. 30, 2012
Customer relationships [Member]
Minimum [Member]
|
Dec. 30, 2012
Customer relationships [Member]
Maximum [Member]
|
Dec. 30, 2012
Trademarks and trade names [Member]
|
Dec. 30, 2012
Trademarks and trade names [Member]
Minimum [Member]
|
Dec. 30, 2012
Trademarks and trade names [Member]
Maximum [Member]
|
Dec. 17, 2012
HHI Business [Member]
|
Apr. 06, 2011
FGL [Member]
|
Dec. 30, 2012
FGL [Member]
|
Dec. 30, 2012
Call Option exercisable between January 1, 2017 and March 31, 2017 [Member]
Times
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
Non-controlling Interest [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
Technology assets [Member]
|
|
Business Acquisition [Line Items] | |||||||||||||||||||||||||||
Negotiated sales price paid | $ 100.0 | ||||||||||||||||||||||||||
Inventory to fair value | 31.5 | ||||||||||||||||||||||||||
Deferred tax liabilities, net | 111.8 | ||||||||||||||||||||||||||
Property, plant and equipment, net | 8.9 | 104.5 | |||||||||||||||||||||||||
Total fair value of indefinite and definite lived intangibles | 470.0 | ||||||||||||||||||||||||||
Estimated Income tax rate | 48.60% | 46.50% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | ||||||||||||||||||
Discounted rate | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 11.00% | ||||||||||||||||||||
Carrying value, intangible asset | 51.0 | 12.0 | 3.0 | 74.0 | 330.0 | 35.5 | |||||||||||||||||||||
Estimated sales growth rate | 2.50% | 31.00% | 2.50% | 5.00% | 2.50% | 5.00% | 3.00% | 2.50% | 5.00% | 3.00% | 3.00% | ||||||||||||||||
Customer retention rate | 95.00% | ||||||||||||||||||||||||||
Amortization period, intangible asset | 1 year | 20 years | 4 years | 17 years | 5 years | 8 years | 20 years | 15 years | 20 years | 13 years | |||||||||||||||||
Royalty rate | 4.00% | 5.00% | 4.00% | 3.50% | 3.00% | 5.00% | 10.50% | ||||||||||||||||||||
Expected terminal year growth rate | 2.50% | ||||||||||||||||||||||||||
Remaining legal life | |||||||||||||||||||||||||||
Percentage of equity interests acquired | 44.00% | 56.00% | |||||||||||||||||||||||||
Trailing revenues | 1.0 | ||||||||||||||||||||||||||
Adjusted trailing EBITDA | 7.0 | ||||||||||||||||||||||||||
Non-controlling interest | 39.0 | ||||||||||||||||||||||||||
Cash consideration | 1,295.9 | 183.1 | 350.0 | ||||||||||||||||||||||||
Reduction in purchase price | 50.0 | 50.0 | |||||||||||||||||||||||||
Cash consideration re-characterized as expense | 5.0 | ||||||||||||||||||||||||||
Insurance obligations under annuity contract | 3,000.0 | ||||||||||||||||||||||||||
Maximum amount of asset securing reinsurance obligations | 1,000.0 | ||||||||||||||||||||||||||
Maximum amount required to pay under Front Street Reinsurance Transaction | 50.0 | ||||||||||||||||||||||||||
Fair value assigned to the contingent purchase price reduction | 0 | ||||||||||||||||||||||||||
Estimated a fair value for reduction in purchase price | $ 41.0 |
X | ||||||||||
- Definition
Business acquisition contingent consideration, key assumptions, discount rate. No definition available.
|
X | ||||||||||
- Definition
Business acquisition cost of acquired entity re-characterized as an expense. No definition available.
|
X | ||||||||||
- Definition
Business acquisition fair value of contingent consideration. No definition available.
|
X | ||||||||||
- Definition
Business acquisition fair value of contingent purchase price consideration reduction. No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Inventory Adjustment To Fair Value No definition available.
|
X | ||||||||||
- Definition
Business acquisition percentage of equity interests acquired. No definition available.
|
X | ||||||||||
- Definition
Finite Lived Intangible Assets Estimated Useful Life No definition available.
|
X | ||||||||||
- Definition
Insurance obligations under annuity contract. No definition available.
|
X | ||||||||||
- Definition
Market Multiples For Trailing Twelve Month Ebitda Of Comparable Companies No definition available.
|
X | ||||||||||
- Definition
Market Multiples For Trailing Twelve Month Revenue No definition available.
|
X | ||||||||||
- Definition
Maximum amount of asset securing reinsurance obligations. No definition available.
|
X | ||||||||||
- Definition
Maximum amount required to pay under front street reinsurance transaction. No definition available.
|
X | ||||||||||
- Definition
Retention rate. No definition available.
|
X | ||||||||||
- Definition
Revenue growth rate. No definition available.
|
X | ||||||||||
- Definition
Royalty rate. No definition available.
|
X | ||||||||||
- Definition
The aggregate expected value at the end of their useful life of a major finite-lived intangible asset class acquired during the period either individually or as part of a group of assets (in either an asset acquisition or business combination). A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, as of the acquisition date, of potential payments under the contingent consideration arrangement including cash and shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Gross amount of acquisition cost of a business combination allocated to noncurrent deferred tax liabilities. No definition available.
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to noncontrolling interests. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the sum of all intangible assets having statutory or estimated useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions - Summary of Amounts Recorded in Connection with Acquisition of Business (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Dec. 17, 2012
HHI Business [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
|
---|---|---|---|
Loans At Acquisition Date [Line Items] | |||
Cash | $ 17.4 | $ 0.9 | |
Current assets | 325.1 | ||
Property, plant and equipment | 8.9 | 104.5 | |
Intangible asset | 470.0 | 35.5 | |
Other assets | 3.1 | 2.6 | |
Total assets acquired | 920.1 | 39.0 | |
Current liabilities | 174.8 | ||
Long-term liabilities | 115.9 | ||
Total liabilities assumed | 290.7 | 14.3 | |
Total identifiable net assets | 629.4 | 24.7 | |
Non-controlling interest | (2.2) | (39.0) | |
Goodwill | 662.2 | 63.9 | |
Total identifiable net assets | $ 1,289.4 | $ 49.6 |
X | ||||||||||
- Definition
Business Acquisition Purchase Price Allocation Goodwill No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Purchase Price Allocation Identifiable Assets Net No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Purchase Price Allocation Net Assets Acquired No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Purchase Price Allocation Noncontrolling Interests No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to assets acquired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to current assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash and cash equivalents acquired in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to current liabilities of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to the current portion of long-term debt of the acquired entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to assets, excluding financial assets and goodwill, lacking physical substance. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of acquisition cost of a business combination allocated to other assets not separately disclosed in the balance sheet. No definition available.
|
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination allocated to property, plant and equipment to be used in ongoing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Business acquisition employee termination charges. No definition available.
|
X | ||||||||||
- Definition
Business acquisition legal and professional fees. No definition available.
|
X | ||||||||||
- Definition
Business combination, acquisition and integration related costs. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
|
Other Required Disclosures - Components of Receivables, Net (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Trade accounts receivable | $ 505.4 | $ 357.2 |
Contingent purchase price reduction receivable | 41.0 | 41.0 |
Other receivables | 44.5 | 38.1 |
Total receivables | 590.9 | 436.3 |
Less: Allowance for doubtful trade accounts receivable | 24.2 | 21.9 |
Total receivables, net | $ 566.7 | $ 414.4 |
X | ||||||||||
- Definition
Contingent purchase price reduction receivable. No definition available.
|
X | ||||||||||
- Definition
Amount due from customers, clients, or other third-parties, or arising from transactions not separately disclosed, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amounts due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold in the normal course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
---|---|---|---|
Dec. 30, 2012
|
Sep. 30, 2012
|
Jan. 01, 2012
|
|
Retail outlet chain customer of Spectrum Brands, net sales | 21.00% | 24.00% | |
Retail outlet chain customer of Spectrum Brands, trade accounts | 8.00% | 13.00% | |
Net sales occurred outside the United States | 50.00% | 49.00% | |
Shipping and handling costs | $ 50.0 | $ 50.3 |
X | ||||||||||
- Definition
Entity wide disclosure on geographic areas revenue from external customers attributed to foreign countries percentage. No definition available.
|
X | ||||||||||
- Definition
Entity wide trade accounts receivable major customer percentage. No definition available.
|
X | ||||||||||
- Definition
Percentage of revenue generated from a single external customer that accounts for 10 percent or more of an entity's revenues. No definition available.
|
X | ||||||||||
- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Components of Inventories (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Inventory Net [Line Items] | ||
Raw materials | $ 103.1 | $ 58.5 |
Work-in-process | 44.2 | 23.4 |
Finished goods | 531.9 | 370.7 |
Total inventories | $ 679.2 | $ 452.6 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before last-in first-out (LIFO) and valuation reserves of merchandise or goods held by the entity that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Components of Properties (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | $ 556.2 | $ 437.7 |
Less accumulated depreciation | 228.2 | 216.1 |
Properties, net | 328.0 | 221.6 |
Land, buildings and improvements [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | 94.9 | 93.6 |
Machinery, equipment and other [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | 441.5 | 325.7 |
Construction in progress [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | $ 19.8 | $ 18.4 |
X | ||||||||||
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Schedule of Other Assets (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Sep. 30, 2012
|
|
Prepaid And Other Current Assets [Line Items] | ||
Prepaid expenses and other current assets | $ 181.2 | $ 53.1 |
Debt issuance costs | 95.7 | 50.9 |
Deferred charges and other assets | 70.3 | 68.6 |
Total other assets | $ 347.2 | $ 172.6 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of debt issuance costs (for example, but not limited to, legal, accounting, broker, and regulatory fees). No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying amount of deferred costs and other assets not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amount for an unclassified balance sheet date of expenditures made in advance of when the economic benefit of the cost will be realized, and which will be expensed in future periods with the passage of time or when a triggering event occurs and the carrying amount as of the balance sheet date of assets not otherwise specified in the taxonomy. Also includes assets not individually reported in the financial statements, or not separately disclosed in notes. No definition available.
|
Other Required Disclosures - Components of Accounts Payable and Other Current Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Accounts Payable And Accrued Liabilities Current [Line Items] | ||
Accounts payable | $ 736.2 | $ 754.2 |
Wages and benefits | 76.1 | 110.9 |
Income taxes payable | 17.6 | 96.6 |
Accrued interest | 22.1 | 50.4 |
Accrued expenses | 27.6 | 25.1 |
Accrued dividends on Preferred Stock | 8.4 | 8.3 |
Restructuring and related charges | 8.5 | 6.6 |
Other | 164.2 | 130.4 |
Total accounts payable and other current liabilities | $ 736.2 | $ 754.2 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Accrued expenses. No definition available.
|
X | ||||||||||
- Definition
Accrued income tax current. No definition available.
|
X | ||||||||||
- Definition
Accrued wages and related expenses. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of known and estimated obligations associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, which are expected to be paid in the next twelve months or in the normal operating cycle if longer. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Schedule of Other Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|
Amounts payable for investment purchases | $ 9.3 | $ 206.7 |
Retained asset account | 192.7 | 203.7 |
Funds withheld from reinsurers | 54.1 | 54.7 |
Amounts payable to reinsurers | 31.8 | 32.0 |
Remittances and items not allocated | 35.9 | 29.5 |
Other | 93.0 | 128.7 |
Total other liabilities | $ 416.8 | $ 655.3 |
X | ||||||||||
- Definition
Other liability noncurrent. No definition available.
|
X | ||||||||||
- Definition
Remittances and items not allocated. No definition available.
|
X | ||||||||||
- Definition
Retained asset account. No definition available.
|
X | ||||||||||
- Definition
Funds held by the ceding insurer on behalf the reinsurer, including funds held in trust, under reinsurance treaties or contracts with the assuming insurer as security for the payment of the obligations thereunder, which represent a liability of the ceding insurer. There is another concept for the corresponding asset of the reinsurer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate amounts payable to broker-dealers and clearing organizations include amounts payable for securities failed to receive, certain deposits received for securities loaned, amounts payable to clearing organizations on open transactions, and floor-brokerage payables. In addition, the net receivable or payable arising from unsettled trades would be reflected in those captions. A broker-dealer that purchases securities, either for its own account or for a customer's account, but does not receive the securities on the settlement date records the amount of money representing the purchase price of the securities, including any accrued interest, as a liability to the selling broker-dealer. This liability is paid when the securities are received by the purchasing broker-dealer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount as of the balance sheet date of the known and estimated amounts owed to insurers under reinsurance treaties or other arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Other Required Disclosures - Summarization of Restructuring and Related Charges (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Charges | $ 6.6 | $ 7.7 |
Global Cost Reduction Initiatives [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Charges | 6.5 | 7.1 |
Charges Since Inception | 89.5 | |
Expected Future Charges | 8.3 | |
Total Projected Costs | 97.8 | |
Expected Completion Date | Jan. 31, 2015 | |
Other initiatives [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Charges | 0.1 | 0.6 |
Consumer products cost of goods sold classification [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Charges | 1.1 | 4.6 |
Selling, acquisition, operating and general expenses classification [Member]
|
||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Charges | $ 5.5 | $ 3.1 |
X | ||||||||||
- Definition
Restructuring and related cost expected future charges. No definition available.
|
X | ||||||||||
- Definition
Date the exit and disposal activities were completed or are expected to be completed, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of costs incurred to date for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount expected to be charged against earnings in the current and future periods for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Restructuring expenses incurred. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Related Party Transactions - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Related Party Transaction [Line Items] | ||
Services Agreement advance written notice period for termination | 30 days | |
Expenses related to Services Agreement | $ 0.3 | |
Reimbursement of Harbinger Capital expenses | 0.7 | |
Repurchase of registered secondary offering which is owned by the Principal Stockholders | 20.0 | |
Registration Rights Agreement [Member]
|
||
Related Party Transaction [Line Items] | ||
Repurchase of registered secondary offering which is owned by the Principal Stockholders | 23.0 | |
Offering cost incurred by company | $ 0.4 |
X | ||||||||||
- Definition
Common Stock Offering Issuance Costs No definition available.
|
X | ||||||||||
- Definition
Related Party Transaction Agreement Prior Written Notice Period For Termination Of Agreement No definition available.
|
X | ||||||||||
- Definition
Related Party Transaction Expenses No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Of Common Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of selling, general and administrative expenses resulting from transactions, excluding transactions that are eliminated in consolidated or combined financial statements, with related party. No definition available.
|
Segment Data - Additional Information (Detail)
|
3 Months Ended |
---|---|
Dec. 30, 2012
Segment
|
|
Segment Information [Line Items] | |
Number of reporting segments | 3 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- Definition
Cash Provided From Segment Operating Activities No definition available.
|
X | ||||||||||
- Definition
Cash Used In Corporate Operating Activities No definition available.
|
X | ||||||||||
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segment Data - Segment Information (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
---|---|---|
Dec. 30, 2012
|
Jan. 01, 2012
|
|
Segment Information [Line Items] | ||
Start-up costs | $ 0.9 | $ 1.1 |
Acquisition related cost | $ 6.4 | $ 1.5 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Start-up Costs. No definition available.
|
X | ||||||||||
- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
|
X | ||||||||||
- Definition
Total Insurance Reserves No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of payable due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, reflects the carrying amount of unpaid loan amounts due from related parties at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
|
X | ||||||||||
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
X | ||||||||||
- Definition
Interest Income From Affiliates No definition available.
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred policy acquisition costs charged to expense in the period, generally in proportion to related revenue earned, estimated gross profits, or over the customer relationship or some other period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An amount that an insurer adds to a policy's premium, or deducts from a policy's cash value or contract holder's account, as compensation for services rendered; may include fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Provision for benefits, claims and claims settlement expenses incurred during the period net of the effects of contracts assumed and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Subsequent Events - Additional Information (Detail) (Subsequent Event [Member], USD $)
|
3 Months Ended | 1 Months Ended | |
---|---|---|---|
Dec. 31, 2012
FGL coinsurance agreement with FSR [Member]
|
Feb. 07, 2013
Salus Capital Partners, LLC [Member]
|
Feb. 07, 2013
FGL [Member]
|
|
Subsequent Event [Line Items] | |||
Reinsurance Agreement, liabilities | $ 1,500,000,000 | ||
Reinsurance Agreement, percentage | 10.00% | ||
Initial ceding allowance | 15,000,000 | ||
Collateralized loan obligation | 250,000,000 | ||
Collateralized loan obligation , amount contributed by affiliates | 221,000,000 | ||
Collateralized loan obligation, securities placed with unaffiliated investors and affiliates | 63,500,000 | ||
Collateralized loan obligation, amount retained by affiliates | 50,000,000 | ||
Collateralized loan obligation, amount retained by affiliates including subordinated notes | $ 111,500,000 | ||
Collateralized loan obligation reinvestment period | 2 years | ||
Collateralized loan obligation non-call period | 2 years | ||
Collateralized loan obligation final maturity period | 8 years |
X | ||||||||||
- Definition
Ceding Allowance No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Amount Contributed By Affiliates No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Amount Retained By Affiliate Including Subordinated Notes No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Amount Retained By Affiliates No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Final Maturity Period No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Non Call Period No definition available.
|
X | ||||||||||
- Definition
Collateralized Loan Obligation Reinvestment Period No definition available.
|
X | ||||||||||
- Definition
Reinsurance Arrangement In Percentage No definition available.
|
X | ||||||||||
- Definition
Cash payments made for reinsurance during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The fair value of trading securities that serve as collateral for borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|