Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 11/23/2016
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NOTE 22 - QUARTERLY RESULTS (UNAUDITED)
Spectrum Brands Holdings, Inc.
 
Quarter Ended
2016 (in millions, except per share)
 
September 30, 2016
 
July 3, 2016
 
April 3, 2016
 
January 3, 2016
Net sales
 
$
1,249.8

 
$
1,361.5

 
$
1,209.6

 
$
1,218.8

Gross profit
 
485.8

 
530.6

 
462.8

 
440.7

Net income attributable to controlling interest
 
89.0

 
101.9

 
92.6

 
73.6

Basic earnings per share
 
$
1.50

 
$
1.72

 
$
1.56

 
$
1.24

Diluted earnings per share
 
$
1.49

 
$
1.71

 
$
1.55

 
$
1.24

 
Spectrum Brands Holdings, Inc.
 
Quarter Ended
2015 (in millions, except per share)
 
September 30, 2015
 
June 28, 2015
 
March 29, 2015
 
December 28, 2014
Net sales
 
$
1,308.1

 
$
1,247.5

 
$
1,067.0

 
$
1,067.8

Gross profit
 
467.4

 
458.0

 
374.7

 
370.2

Net income attributable to controlling interest
 
26.4

 
44.9

 
27.8

 
49.8

Basic earnings per share
 
$
0.44

 
$
0.79

 
$
0.52

 
$
0.94

Diluted earnings per share
 
$
0.44

 
$
0.79

 
$
0.52

 
$
0.94

SB/RH Holdings, LLC
 
Quarter Ended
2016 (in millions)
 
September 30, 2016
 
July 3, 2016
 
April 3, 2016
 
January 3, 2016
Net sales
 
$
1,249.8

 
$
1,361.5

 
$
1,209.6

 
$
1,218.8

Gross profit
 
485.8

 
530.6

 
462.8

 
440.7

Net income attributable to controlling interest
 
88.9

 
105.1

 
82.5

 
75.4

SB/RH Holdings, LLC
 
Quarter Ended
2015 (in millions)
 
September 30, 2015
 
June 28, 2015
 
March 29, 2015
 
December 28, 2014
Net sales
 
$
1,308.1

 
$
1,247.5

 
$
1,067.0

 
$
1,067.8

Gross profit
 
467.4

 
458.0

 
374.7

 
370.2

Net income attributable to controlling interest
 
28.4

 
46.6

 
29.6

 
50.8

As previously discussed in Note 2, “Significant Accounting Policies and Practices”, the Company adopted ASU No. 2016-09. The Company had elected to early adopt the ASU during the quarter ended July 3, 2016 effective as if adopted the first day of the fiscal year, October 1, 2015. The adoption of the new standard impacted our previously reported quarterly results for the recognition of excess tax benefits in our provision for income taxes rather than paid in capital. Due to the valuation allowance on deferred taxes, there was no impact to our quarterly results for the quarter ended January 3, 2016. The following summarizes the impact to the quarter ended April 3, 2016:
 
 
Quarter Ended April 3, 2016
SBH (in millions, except per share)
 
As Reported
 
Adjustment
 
As Adjusted
Net income attributable to controlling interest
 
75.2

 
17.4

 
92.6

Basic earnings per share
 
$
1.27

 
$
0.29

 
$
1.56

Diluted earnings per share
 
$
1.26

 
$
0.29

 
$
1.55

 
 
Quarter Ended April 3, 2016
SB/RH (in millions)
 
As Reported
 
Adjustment
 
As Adjusted
Net income attributable to controlling interest
 
72.1

 
10.4

 
82.5





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