| | | | | | | | | | | | | | | | Fiscal | Initiatives: | | 2016 | | 2015 | | 2014 | Global Expense Rationalization | | $ | 5.2 |
| | $ | 17.1 |
| | $ | 13.4 |
| HHI Business Rationalization Initiatives | | 1.8 |
| | 10.3 |
| | 4.5 |
| GAC Business Rationalization Initiatives | | 5.3 |
| | — |
| | — |
| Other restructuring activities | | 2.9 |
| | 1.3 |
| | 5.0 |
| Total restructuring and related charges | | $ | 15.2 |
| | $ | 28.7 |
| | $ | 22.9 |
| Reported as: | | | | | | | Cost of consumer products and other goods sold | | $ | 0.5 |
| | $ | 2.1 |
| | $ | 3.7 |
| Selling, acquisition, operating and general expenses | | 14.7 |
| | 26.6 |
| | 19.2 |
|
The following table summarizes restructuring and related charges for the Fiscal 2016, 2015 and 2014, and cumulative costs on restructuring initiatives as of September 30, 2016, by cost type:
| | | | | | | | | | | | | | | | | | | | Fiscal | | | Cost Type: | | 2016 | | 2015 | | 2014 | | Charges Since Inception | Termination benefits | | $ | 4.3 |
| | $ | 7.0 |
| | $ | 11.2 |
| | $ | 32.4 |
| Other costs | | 10.9 |
| | 21.7 |
| | 11.7 |
| | 39.4 |
| Total restructuring and related charges | | $ | 15.2 |
| | $ | 28.7 |
| | $ | 22.9 |
| | $ | 71.8 |
|
(21) Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (share amounts in thousands):
| | | | | | | | | | | | | | | | Fiscal | | | 2016 | | 2015 | | 2014 | Net income (loss) from continuing operations attributable to controlling interest | | $ | 44.6 |
| | $ | (313.3 | ) | | $ | (158.3 | ) | Net (loss) income from discontinued operations attributable to controlling interest | | (243.4 | ) | | (243.5 | ) | | 74.4 |
| Net loss attributable to controlling interest | | $ | (198.8 | ) | | $ | (556.8 | ) | | $ | (83.9 | ) | | | | | | | | Participating common shares at the end of period | | 198,814 |
| | 197,106 |
| | 196,878 |
| | | | | | | | Net loss attributable to common shares - basic and diluted | | $ | (198.8 | ) | | $ | (556.8 | ) | | $ | (83.9 | ) | | | | | | | | Weighted-average common shares outstanding - basic | | 198,374 |
| | 198,142 |
| | 162,941 |
| Dilutive effect of unvested restricted stock and restricted stock units | | 1,914 |
| | — |
| | — |
| Dilutive effect of stock options | | 1,300 |
| | — |
| | — |
| Weighted-average shares outstanding - diluted | | 201,588 |
| | 198,142 |
| | 162,941 |
| | | | | | | | Net loss per common share attributable to controlling interest: | | | | | | | Basic income (loss) from continuing operations | | $ | 0.23 |
| | $ | (1.58 | ) | | $ | (0.97 | ) | Basic (loss) income from discontinued operations | | (1.23 | ) | | (1.23 | ) | | 0.46 |
| Basic | | $ | (1.00 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) | | | | | | | | Diluted income (loss) from continuing operations | | $ | 0.22 |
| | $ | (1.58 | ) | | $ | (0.97 | ) | Diluted (loss) income from discontinued operations | | (1.21 | ) | | (1.23 | ) | | 0.46 |
| Diluted | | $ | (0.99 | ) | | $ | (2.81 | ) | | $ | (0.51 | ) |
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HRG common stock outstanding, excluding unvested restricted stock.
|
