Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Nov. 24, 2014 | Mar. 31, 2014 | |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'NBTY INC | ' | ' |
Entity Central Index Key | '0000070793 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 30-Sep-14 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--09-30 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'Yes | ' | ' |
Entity Current Reporting Status | 'No | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $0 |
Entity Common Stock, Shares Outstanding | ' | 1,000 | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $139,488 | $198,561 | $315,136 | $393,335 |
Accounts receivable, net | 175,701 | 171,670 | ' | ' |
Inventories | 853,226 | 739,952 | ' | ' |
Deferred income taxes | 28,915 | 23,637 | ' | ' |
Other current assets | 78,824 | 78,579 | ' | ' |
Total current assets | 1,276,154 | 1,212,399 | ' | ' |
Property, plant and equipment, net | 597,202 | 571,529 | ' | ' |
Goodwill | 1,163,282 | 1,260,802 | 1,220,315 | ' |
Intangible assets, net | 1,791,592 | 1,960,352 | ' | ' |
Other assets | 49,492 | 68,234 | ' | ' |
Total assets | 4,877,722 | 5,073,316 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion long-term debt | 261 | 376 | ' | ' |
Accounts payable | 227,877 | 259,060 | ' | ' |
Accrued expenses and other current liabilities | 221,056 | 219,766 | ' | ' |
Total current liabilities | 449,194 | 479,202 | ' | ' |
Long-term debt, net of current portion | 2,158,087 | 2,158,405 | ' | ' |
Deferred income taxes | 707,962 | 751,419 | ' | ' |
Other liabilities | 53,386 | 59,451 | ' | ' |
Total liabilities | 3,368,629 | 3,448,477 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock, $0.01 par; one thousand shares authorized, issued and outstanding | ' | ' | ' | ' |
Capital in excess of par | 1,561,014 | 1,556,926 | ' | ' |
(Accumulated deficit) retained earnings | -22,718 | 81,497 | ' | ' |
Accumulated other comprehensive loss | -29,203 | -13,584 | -18,594 | ' |
Total stockholder's equity | 1,509,093 | 1,624,839 | 1,705,232 | 1,536,895 |
Total liabilities and stockholder's equity | $4,877,722 | $5,073,316 | ' | ' |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
Consolidated Balance Sheets | ' | ' |
Common stock, par (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized (in shares) | 1,000 | 1,000 |
Common stock, shares issued (in shares) | 1,000 | 1,000 |
Common stock, shares outstanding (in shares) | 1,000 | 1,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Consolidated Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $792,686 | $806,961 | $779,026 | $827,105 | $813,111 | $802,829 | $757,874 | $789,227 | $3,205,778 | $3,163,041 | $2,999,733 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,740,417 | 1,700,909 | 1,608,436 |
Advertising, promotion and catalog | ' | ' | ' | ' | ' | ' | ' | ' | 202,754 | 189,485 | 164,298 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 952,533 | 910,187 | 832,629 |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 207,334 | ' | ' |
Facility restructuring charges | ' | ' | ' | ' | ' | ' | 30,200 | ' | ' | 32,695 | ' |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,103,038 | 2,833,276 | 2,605,363 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | 102,740 | 329,765 | 394,370 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest | ' | ' | ' | ' | ' | ' | ' | ' | -136,038 | -147,100 | -158,584 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | -709 | 1,693 | -1,003 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -136,747 | -145,407 | -159,587 |
(Loss) income from continuing operations before income taxes | -177,856 | 48,028 | 15,468 | 80,353 | 63,764 | 70,203 | -18,050 | 68,440 | -34,007 | 184,358 | 234,783 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 10,145 | 54,878 | 65,264 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -44,152 | 129,480 | 169,519 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | 43,461 | 51,250 | -10,401 | 45,171 | ' | ' | -23,048 |
Net (loss) income | -141,140 | 33,267 | 9,900 | 53,821 | ' | ' | ' | ' | -44,152 | 129,480 | 146,471 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of taxes of $(3,437), $958, $5406 | ' | ' | ' | ' | ' | ' | ' | ' | -18,799 | 605 | 16,740 |
Change in fair value of interest rate swaps, net of taxes of $(2,003), $(2,790), $(1,529) | ' | ' | ' | ' | ' | ' | ' | ' | 3,180 | 4,405 | 2,431 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -15,619 | 5,010 | 19,171 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ($59,771) | $134,490 | $165,642 |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Consolidated Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' |
Foreign currency translation adjustment, tax | ($3,437) | $958 | $5,406 |
Change in fair value of interest rate swaps, tax | ($2,003) | ($2,790) | ($1,529) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Common Stock | Capital in Excess of Par | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total |
In Thousands, unless otherwise specified | USD ($) | USD ($) | USD ($) | USD ($) | |
Balance at Sep. 30, 2011 | ' | $1,552,188 | $22,472 | ($37,765) | $1,536,895 |
Balance (in shares) at Sep. 30, 2011 | 1 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Net income | ' | ' | 146,471 | ' | 146,471 |
Other comprehensive income, net of tax | ' | ' | ' | 19,171 | 19,171 |
Capital contribution | ' | 15 | ' | ' | 15 |
Stock-based compensation | ' | 2,680 | ' | ' | 2,680 |
Balance at Sep. 30, 2012 | ' | 1,554,883 | 168,943 | -18,594 | 1,705,232 |
Balance (in shares) at Sep. 30, 2012 | 1 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Net income | ' | ' | 129,480 | ' | 129,480 |
Other comprehensive income, net of tax | ' | ' | ' | 5,010 | 5,010 |
Dividend to Holdings | ' | ' | -216,926 | ' | -216,926 |
Stock-based compensation | ' | 2,043 | ' | ' | 2,043 |
Balance at Sep. 30, 2013 | ' | 1,556,926 | 81,497 | -13,584 | 1,624,839 |
Balance (in shares) at Sep. 30, 2013 | 1 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' |
Net income | ' | ' | -44,152 | ' | -44,152 |
Other comprehensive income, net of tax | ' | ' | ' | -15,619 | -15,619 |
Dividend to Holdings | ' | ' | -60,063 | ' | -60,063 |
Stock-based compensation | ' | 4,088 | ' | ' | 4,088 |
Balance at Sep. 30, 2014 | ' | $1,561,014 | ($22,718) | ($29,203) | $1,509,093 |
Balance (in shares) at Sep. 30, 2014 | 1 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flow (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' | ' |
Net (loss) income | ($44,152) | $129,480 | $146,471 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' |
Impairments and disposals of assets | 214,813 | 5,269 | 764 |
Loss from discontinued operations | ' | ' | 23,048 |
Depreciation of property, plant and equipment | 60,530 | 64,883 | 58,311 |
Amortization of intangible assets | 46,027 | 45,753 | 43,960 |
Foreign currency transaction loss (gain) | 1,702 | -946 | -289 |
Amortization and write-off of deferred financing fees | 19,033 | 22,504 | 23,700 |
Stock-based compensation | 4,088 | 2,043 | 2,680 |
Allowance for doubtful accounts | 988 | -2,587 | 297 |
Amortization of incremental inventory fair value | ' | 2,417 | ' |
Inventory reserves | 6,006 | 2,042 | -2,652 |
Deferred income taxes | -48,881 | 5,293 | -17,057 |
Call premium on term loan | ' | -15,075 | ' |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable | -6,700 | -4,696 | -22,380 |
Inventories | -123,071 | -14,350 | -44,790 |
Other assets | 372 | -3,733 | -2,147 |
Accounts payable | -30,932 | 45,753 | 16,097 |
Accrued expenses and other liabilities | 2,921 | 27,526 | 5,491 |
Net cash provided by operating activities | 102,744 | 311,576 | 231,504 |
Cash provided by operating activities of discontinued operations | ' | ' | 2,546 |
Net cash provided by operating activities | 102,744 | 311,576 | 234,050 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property, plant and equipment | -105,207 | -129,220 | -86,314 |
Proceeds from sale of buildings and equipment | 7,188 | 7,548 | ' |
Cash paid for acquisitions, net of cash acquired | ' | -82,473 | ' |
Net proceeds from sale of discontinued operations | ' | ' | 515 |
Net cash used in investing activities | -98,019 | -204,145 | -85,799 |
Cash flows from financing activities: | ' | ' | ' |
Principal payments | -378 | -603 | -229,375 |
Proceeds from borrowings under the revolver | ' | 80,000 | ' |
Paydowns of borrowings under the revolver | ' | -80,000 | ' |
Payments for financing fees | ' | -7,387 | ' |
Dividends paid | -60,063 | -216,926 | ' |
Capital contribution | ' | ' | 15 |
Cash used in by financing activities | -60,441 | -224,916 | -229,360 |
Effect of exchange rate changes on cash and cash equivalents | -3,357 | 910 | 1,839 |
Net decrease in cash and cash equivalents | -59,073 | -116,575 | -79,270 |
Change in cash for discontinued operations | ' | ' | 1,071 |
Cash and cash equivalents at beginning of year | 198,561 | 315,136 | 393,335 |
Cash and cash equivalents at end of year | $139,488 | $198,561 | $315,136 |
Nature_of_Business
Nature of Business | 12 Months Ended |
Sep. 30, 2014 | |
Nature of Business | ' |
Nature of Business | ' |
1. Nature of Business | |
NBTY, Inc. and together with its subsidiaries, (the "Company," "we," or "us") is the leading global vertically integrated manufacturer, marketer, distributor and retailer of a broad line of high-quality vitamins, nutritional supplements and related products in the United States, with operations worldwide. Our products are marketed through four operating segments: Wholesale, European Retail, Direct Response/E-Commerce and North American Retail. We market over 25,000 individual stock keeping units ("SKUs") under numerous owned and private-label brands, including Nature's Bounty®, Ester-C®, Balance Bar®, Solgar®, MET-Rx®, American Health®, Osteo Bi-Flex®, SISU®, Sundown®, Pure Protein®, Body Fortress®, Natural Wealth®, Puritan's Pride®, Holland & Barrett®, GNC® (UK), Physiologics®, De Tuinen®, Essenza® and Vitamin World®. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Summary of Significant Accounting Policies | ' | |||||||
Summary of Significant Accounting Policies | ' | |||||||
2. Summary of Significant Accounting Policies | ||||||||
Basis of Presentation and Consolidation | ||||||||
On October 1, 2010, pursuant to an Agreement and Plan of Merger, dated as of July 15, 2010, among NBTY, Holdings formed by an affiliate of TC Group, L.L.C. (d/b/a The Carlyle Group) and Alphabet Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Holdings ("Merger Sub") formed solely for the purpose of entering into the Merger, Merger Sub merged with and into NBTY with NBTY as the surviving corporation (also referred herein as the "Merger"). As a result of the Merger, NBTY became a wholly owned subsidiary of Holdings. | ||||||||
Our financial statements are prepared in conformity with U.S. generally accepted accounting principles ("GAAP"). The consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions are eliminated in consolidation. | ||||||||
Effective July 2, 2012, Julian Graves Limited was placed into administration under the laws of the United Kingdom and Wales, and this former subsidiary is reported as discontinued operations in the accompanying financial statements. During the course of the administration, attempts to sell the business were unsuccessful and the operations were wound down by the end of August 2012. The operations of this subsidiary were previously reported in the European Retail segment. | ||||||||
Effective August 31, 2012, we sold certain assets and liabilities of Le Naturiste, Inc., and have reported this former subsidiary as discontinued operations in the accompanying financial statements. The operations of this subsidiary were previously reported in the North American Retail segment. | ||||||||
All amounts related to discontinued operations are excluded from the notes to the consolidated financial statements unless otherwise indicated. See Note 4 for additional information about discontinued operations. | ||||||||
Estimates | ||||||||
The preparation of financial statements in conformity with GAAP requires that we make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and reported amounts of revenues and expenses during the reporting periods. These judgments can be subjective and complex, and consequently actual results could differ materially from those estimates and assumptions. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Our most significant estimates include: sales returns, promotions and other allowances; inventory valuation and obsolescence; valuation and recoverability of long-lived assets, including goodwill and intangible assets; stock-based compensation; income taxes; and accruals for the outcome of current litigation. | ||||||||
Cash and Cash Equivalents | ||||||||
We consider all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. | ||||||||
Revenue Recognition | ||||||||
We recognize product revenue when title and risk of loss have transferred to the customer, there is persuasive evidence of an arrangement to deliver a product, delivery has occurred, the sales price is fixed or determinable and collectibility is reasonably assured. The delivery terms for most sales within the Wholesale and Direct Response/E-Commerce segments are F.O.B. destination. Generally, title and risk of loss transfer to the customer at the time the product is received by the customer. With respect to retail store operations, we recognize revenue upon the sale of products to customers. Net sales represent gross sales invoiced to customers, less certain related charges for discounts, returns and other promotional program incentive allowances. | ||||||||
Sales Returns and Other Allowances | ||||||||
Allowance for sales returns: Estimates for sales returns are based on a variety of factors, including actual return experience of specific products or similar products. We are able to make reasonable and reliable estimates of product returns based on our 40 plus year history in this business. We also review our estimates for product returns based on expected return data communicated to us by customers. Additionally, we monitor the levels of inventory at our largest customers to avoid excessive customer stocking of merchandise. Allowances for returns of new products are estimated by reviewing data of any prior relevant new product return information. We also monitor the buying patterns of the end-users of our products based on sales data received by our retail outlets in North America and Europe. | ||||||||
Promotional program incentive allowances: We estimate our allowance for promotional program incentives based upon specific outstanding marketing programs and historical experience. The allowance for sales incentives offered to customers is based on various contractual terms or other arrangements agreed to in advance with certain customers. Generally, customers earn such incentives as specified sales volumes are achieved. We accrue these incentives as a reduction to sales either at the time of sale or over the period of time in which they are earned, depending on the nature of the program. | ||||||||
Allowance for doubtful accounts: We perform on-going credit evaluations of our customers and adjust credit limits based upon payment history and the customer's current credit worthiness, as determined by our review of current credit information. We estimate bad debt expense based upon historical experience as well as specifically identified customer collection issues to adjust the carrying amount of the related receivable to its estimated net realizable value. | ||||||||
Accounts receivable are presented net of the following reserves at September 30: | ||||||||
2014 | 2013 | |||||||
Promotional program incentive allowances | $ | 83,768 | $ | 82,827 | ||||
Allowance for sales returns | 15,409 | 13,549 | ||||||
Allowance for doubtful accounts | 2,564 | 2,472 | ||||||
$ | 101,741 | $ | 98,848 | |||||
Inventories | ||||||||
Inventories are stated at the lower of cost (first-in first-out method) or market. The cost elements of inventories include materials, labor and overhead. In evaluating whether inventories are stated at the lower of cost or market, we consider such factors as the amount of inventory on hand, estimated time required to sell such inventory, remaining shelf life and current and expected market conditions, including levels of competition. Based on this evaluation, we record an adjustment to cost of sales to reduce inventories to its estimated net realizable value. | ||||||||
Property, Plant and Equipment | ||||||||
Property, plant and equipment are carried at cost. Depreciation is charged on a straight-line basis over the estimated useful lives of the related assets. The costs of normal maintenance and repairs are charged to expense when incurred. Expenditures which significantly improve or extend the life of an asset are capitalized and depreciated over the asset's remaining useful life. Amortization of leasehold improvements is computed using the straight-line method over the shorter of the estimated useful lives of the related assets or the remaining lease term. Upon sale or disposition, the related cost and accumulated depreciation are removed from the accounts and the resulting gain or loss, if any, is reflected in operations. | ||||||||
Capitalized Software Costs | ||||||||
We capitalize certain costs related to the acquisition and development of software for internal use and amortize these costs using the straight-line method over the estimated useful life of the software. These costs are included in property, plant and equipment in the accompanying Consolidated Balance Sheets. | ||||||||
Goodwill and Intangible Assets | ||||||||
Goodwill and indefinite-lived intangible assets are tested for impairment annually or more frequently if impairment indicators are present. We consider the following to be some examples of important indicators that may trigger an impairment review: (i) a history of cash flow losses at retail stores; (ii) significant changes in the manner or use of the acquired assets in our overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; and (v) regulatory changes. Our annual impairment testing date is as of July 1, the first day of our fourth quarter. | ||||||||
Goodwill is tested for impairment using a two-step process. In the first step, the fair value of a reporting unit is compared to its carrying value. If the fair value of a reporting unit exceeds the carrying value of the net assets assigned to a reporting unit, goodwill is not considered impaired and no further testing is required. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, the amount of the impairment. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit's goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. We use a combination of the income and market approaches, weighted equally, to estimate the fair value of our reporting units. | ||||||||
The fair value of our trademarks is determined based on the relief from royalty method under the income approach, which requires us to estimate a reasonable royalty rate, identify relevant projected revenues and expenses, and select an appropriate discount rate. The evaluation of indefinite-lived intangible assets for impairment requires management to use significant judgments and estimates including, but not limited to, projected future net sales, operating results, and cash flows of our business. | ||||||||
We base our fair value estimates on assumptions we believe to be reasonable, but such assumptions are subject to inherent uncertainties. Accordingly, if actual results fall short of such estimates, significant future impairments could result. An impairment charge would reduce income from operations in the period it was determined that the charge was needed. Goodwill and intangible assets are further discussed in Note 8 to the Consolidated Financial Statements. | ||||||||
Impairment of Long-Lived Assets | ||||||||
We evaluate the need for an impairment charge relating to long-lived assets, including definite lived intangible assets, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset group to its expected future net cash flows generated by the asset group. If the carrying amount of an asset group exceeds its estimated undiscounted future cash flows, the carrying amount is compared to its fair value and an impairment charge is recognized to the extent of the difference. On a quarterly basis, we assess whether events or changes in circumstances occur that potentially indicate that the carrying value of long-lived assets may not be recoverable. Considerable management judgment is necessary to estimate projected future operating cash flows. Accordingly, if actual results fall short of such estimates, significant future impairments could result. | ||||||||
Income Taxes | ||||||||
We recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. We estimate the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined that such assets will, more likely than not, go unused. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reversed. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, we operate within multiple taxing jurisdictions and are subject to audit in these jurisdictions. We believe adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. | ||||||||
Accruals for Litigation and Other Contingencies | ||||||||
We are subject to legal proceedings, lawsuits and other claims related to various matters. We are required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. We determine the amount of reserves needed, if any, for each individual issue based on our knowledge and experience and discussions with legal counsel. These reserves may change in the future due to new developments in each matter (including the enactment of new laws), the ultimate resolution of each matter or changes in approach, such as a change in settlement strategy. In some instances, we may be unable to make a reasonable estimate of the liabilities that may result from the final resolution of certain contingencies disclosed and accordingly, no reserve is recorded until such time that a reasonable estimate may be made. | ||||||||
Shipping and Handling Costs | ||||||||
We incur shipping and handling costs in all segments of our operations. These costs, included in selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss), were $97,382, $92,062 and $85,784 for the fiscal years ended September 30, 2014, 2013 and 2012, respectively. Of these amounts, $20,862, $14,050 and $13,831 have been billed to customers and are included in net sales for the fiscal years ended September 30, 2014, 2013 and 2012, respectively. | ||||||||
Advertising, Promotion and Catalog | ||||||||
We expense the production costs of advertising as incurred, except for the cost of mail order catalogs, which are capitalized and amortized over our expected period of future benefit, which typically approximates two months. Capitalized costs for mail order catalogs at September 30, 2014 and 2013 were $671 and $740, respectively. Total mail order catalog expense was $9,093, $7,713 and $9,378 for the fiscal years ended September 30, 2014, 2013 and 2012, respectively, and is included in advertising, promotion and catalog in the Consolidated Statements of Operations and Comprehensive Income (Loss). | ||||||||
Foreign Currency | ||||||||
The functional currency of our foreign subsidiaries is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts and cash flows using average rates of exchange prevailing during the year. Adjustments resulting from the translation of foreign currency financial statements are accumulated in a separate component of stockholders' equity. | ||||||||
Derivatives and Hedging Activities | ||||||||
All derivative financial instruments are recognized as either assets or liabilities in the Consolidated Balance Sheets and measurement of those instruments is at fair value. Changes in the fair values of these derivatives are reported in operations or accumulated other comprehensive income (loss) depending on the designation of the derivative and whether it qualifies for hedge accounting. For derivatives that have been formally designated as cash flow hedges (interest rate swap agreements), the effective portion of changes in the fair value of the derivative is recorded in accumulated other comprehensive income (loss) and reclassified into operations when interest expense on the underlying borrowings is recognized. For hedges of the net investment in foreign subsidiaries (cross currency swap agreements), changes in fair value of the derivative are recorded in accumulated other comprehensive income (loss) to offset the change in the value of the net investment being hedged. We do not use derivative financial instruments for trading purposes. | ||||||||
Revision | ||||||||
A revision was made to the Statements of Operations and Comprehensive Income (Loss) to correct the prior year presentation, whereby changes in the fair value of the cross-currency swap were reclassified from changes in the fair value of interest rate swaps to foreign currency translation adjustments. In addition, see Note 21 for a revision that was made to the Condensed Consolidating Financial Statements of Guarantors. | ||||||||
Recent Accounting Developments | ||||||||
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance has been effective for us since October 1, 2014. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In July 2013, the FASB issued guidance which amends the guidance related to the presentation of unrecognized tax benefits and allows for the reduction of a deferred tax asset for a net operating loss carryforward whenever the net operating loss carryforward or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. The new guidance has been effective for us since October 1, 2014. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In April 2014, the FASB issued revised guidance to reduce diversity in practice for reporting discontinued operations. The revised guidance only allows disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity's operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The revised guidance is effective for all disposals (or classifications as held for sale) of components for us beginning October 1, 2015, and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede virtually all existing revenue recognition guidance, including industry-specific guidance, and is designed to create greater comparability for financial statement users across industries and jurisdictions. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. The guidance is effective for us beginning October 1, 2017 (early adoption is not permitted). The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial statements and related disclosures. | ||||||||
In June 2014, the FASB issued guidance to clarify the proper method of accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for us beginning October 1, 2016, and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In August 2014, the FASB issued guidance which requires management to assess an entity's ability to continue as a going concern every reporting period, and provide certain disclosures if management has substantial doubt about the entity's ability to operate as a going concern, or an express statement if not, by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. The guidance is effective for us for the annual period ending September 30, 2017, and for interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have an impact on our consolidated financial statements. | ||||||||
Facility_Restructuring_Charge
Facility Restructuring Charge | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Facility Restructuring Charge | ' | ||||||||||
Facility Restructuring Charge | ' | ||||||||||
3. Facility Restructuring Charge | |||||||||||
On March 12, 2013, NBTY initiated a restructuring plan to streamline its operations and improve the profitability and return on invested capital of its manufacturing/packaging and distribution facilities. The restructuring involved the sale or closure of seven of NBTY's manufacturing/packaging and distribution facilities. The restructuring plan commenced in the second quarter of fiscal 2013 and was completed in fiscal 2014. The restructuring resulted in cumulative charges of $32,695 before tax over that period, of which non-cash charges consisted primarily of accelerated depreciation of approximately $12,588. | |||||||||||
The following summarizes the restructuring cash charges recorded and reconciles these charges to accrued expenses: | |||||||||||
Workforce | Facility | Total | |||||||||
Reductions | Costs | ||||||||||
Restructuring accrual—October 1, 2012 | $ | — | $ | — | $ | — | |||||
Charges | 16,752 | 3,355 | 20,107 | ||||||||
Cash payments | (4,316 | ) | (564 | ) | (4,880 | ) | |||||
Other | — | (142 | ) | (142 | ) | ||||||
Restructuring accrual—September 30, 2013 | 12,436 | 2,649 | 15,085 | ||||||||
Cash payments | (10,140 | ) | (1,729 | ) | (11,869 | ) | |||||
Other | — | (246 | ) | (246 | ) | ||||||
Restructuring accrual—September 30, 2014 | $ | 2,296 | $ | 674 | $ | 2,970 | |||||
Discontinued_Operations
Discontinued Operations | 12 Months Ended | ||||
Sep. 30, 2014 | |||||
Discontinued Operations | ' | ||||
Discontinued Operations | ' | ||||
4. Discontinued Operations | |||||
Julian Graves | |||||
On July 2, 2012, the board of directors of Julian Graves Limited, a company organized under the laws of the United Kingdom and Wales (the "UK Debtor") and an indirect, wholly-owned subsidiary of the Company, Deloitte LLP (the "Administrators") were appointed as administrators in respect of the UK Debtor (the "UK Administration"). The UK Administration, which was limited to the UK Debtor, was initiated in response to continuing operating losses of the UK Debtor and their related impact on the Company's cash flows. The effect of the UK Debtor's entry into administration was to place the management, affairs, business and property of the UK Debtor under the direct control of the Administrators. The Administrators have wound the operations down and there are no material adjustments anticipated. | |||||
The results of the Julian Graves business included in discontinued operations (previously in the European Retail Segment) for the fiscal year ended September 30, 2012 are summarized in the following table: | |||||
2012 | |||||
Net sales | $ | 43,999 | |||
Impairments and deconsolidation loss | (27,509 | ) | |||
Loss from operations, before income taxes | (27,682 | ) | |||
Benefit for income taxes | (9,065 | ) | |||
Loss, net of income taxes | (18,617 | ) | |||
As of June 30, 2012, the carrying value of all assets relating to the UK Debtor were evaluated and an impairment of $20,106, primarily relating to the Julian Graves Tradename, was recorded. As of July 2, 2012, concurrent with the transfer of control of the UK Debtor to the Administrator, a deconsolidation loss of approximately $7,403 was recorded. | |||||
Le Naturiste | |||||
On August 31, 2012 we sold certain assets and liabilities of our subsidiary Le Naturiste, Inc. for a net sales price of $1,600. The sale of Le Naturiste resulted in a loss of approximately $3,088 which is included in discontinued operations for the year ended September 30, 2012. The results of the Le Naturiste business included in discontinued operations (previously in the North American Retail Segment) for the fiscal year ended September 30, 2012 are summarized in the following table: | |||||
2012 | |||||
Net sales | $ | 17,228 | |||
Loss on sale of business | (3,088 | ) | |||
Loss from operations, before income taxes | (4,431 | ) | |||
Benefit for income taxes | — | ||||
Loss, net of income taxes | (4,431 | ) | |||
Acquisitions
Acquisitions | 12 Months Ended |
Sep. 30, 2014 | |
Acquisitions | ' |
Acquisitions | ' |
5. Acquisitions | |
Balance Bar | |
On November 26, 2012, NBTY acquired all of the outstanding shares of Balance Bar Company ("Balance Bar"), a company that markets and sells nutritional bars, for a purchase price of $77,978 of cash. NBTY used funds drawn from the revolving portion of its senior secured credit facilities to finance this acquisition. | |
The purchase price has been allocated to assets acquired and liabilities assumed based on the fair value of such assets and liabilities at the date of the acquisition. The fair values of the net assets acquired were determined using discounted cash flow analyses and estimates made by management. The purchase price was allocated to intangible assets as follows: approximately $35,500 to goodwill, which is non-amortizable under GAAP and is not currently deductible for income tax purposes, approximately $26,000 to tradenames, which are amortizable over 30 years and approximately $29,000 to customer relationships, which are amortizable over 22 years. Amortization of the acquired intangible assets is not currently deductible for income tax purposes. The acquisition of Balance Bar has expanded our operations in the Wholesale segment in the distribution of nutritional bars. | |
Essenza | |
In June 2013, our subsidiary, NBTY Europe Limited, acquired Essenza N.V. ("Essenza"), a Belgian company operating 13 retail stores, for a net purchase price of approximately $4,163 (€3,200 euros). The allocation of net assets acquired consisted of cash, inventory, property, plant and equipment, tradename, goodwill, accounts payable and accrued liabilities and long term debt. The goodwill of approximately $4,200 associated with this acquisition is not currently deductible for tax purposes. | |
Pro forma financial information and actual year to date results related to Essenza and Balance Bar are not provided as their impact was not material to our consolidated financial statements, individually or in the aggregate. | |
Inventories
Inventories | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Inventories | ' | |||||||
Inventories | ' | |||||||
6. Inventories | ||||||||
The components of inventories are as follows at September 30: | ||||||||
2014 | 2013 | |||||||
Raw materials | $ | 217,697 | $ | 195,713 | ||||
Work-in-process | 20,898 | 25,068 | ||||||
Finished goods | 614,631 | 519,171 | ||||||
Total | $ | 853,226 | $ | 739,952 | ||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 12 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment | ' | ||||||||
Property, Plant and Equipment | ' | ||||||||
7. Property, Plant and Equipment | |||||||||
Property, plant and equipment is as follows at September 30: | |||||||||
2014 | 2013 | Depreciation | |||||||
and | |||||||||
amortization | |||||||||
period (years) | |||||||||
Land | $ | 66,833 | $ | 70,597 | |||||
Buildings and leasehold improvements | 279,112 | 272,833 | 4–40 | ||||||
Machinery and equipment | 163,095 | 166,810 | 3–13 | ||||||
Furniture and fixtures | 121,907 | 103,259 | 3–10 | ||||||
Computer software and equipment | 140,628 | 81,356 | 3–7 | ||||||
Transportation equipment | 6,138 | 6,044 | 3–4 | ||||||
Construction in progress | 22,769 | 42,487 | |||||||
800,482 | 743,386 | ||||||||
Less accumulated depreciation and amortization | (203,280 | ) | (171,857 | ) | |||||
$ | 597,202 | $ | 571,529 | ||||||
Included in construction in process are assets related to implementing a new world-wide ERP system. | |||||||||
Depreciation and amortization of property, plant and equipment for the fiscal years ended September 30, 2014, 2013 and 2012 was approximately $60,530, $64,883 and $58,311, respectively. | |||||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||
8. Goodwill and Intangible Assets | |||||||||||||||||
The Company's goodwill and intangible assets relate primarily to assets valued as a result of the Merger on October 1, 2010. The Company does not amortize its goodwill or indefinite lived intangible assets. Instead, the Company performs an assessment to test these assets for impairment annually, or more frequently if events or changes in circumstances indicate they may be impaired. | |||||||||||||||||
On a quarterly basis, we monitor the key drivers of fair value to detect events or other changes that would warrant an interim impairment test of our goodwill and intangibles. The key assumptions that drive the cash flows of our reporting units and intangible assets are estimated revenue growth rates and levels of profitability. Terminal value growth rate assumptions, weighted average cost of capital rates ("WACC") as well as royalty rates are used in conjunction with these key assumptions in order to derive the estimated fair value. These assumptions are subject to uncertainty, including our ability to grow revenue and improve or maintain profitability levels. Relatively small declines in the future performance and cash flows of a reporting unit or asset group or small changes in other key assumptions may result in the recognition of significant asset impairment charges. | |||||||||||||||||
Goodwill and Other Intangible Asset Impairment Charges | |||||||||||||||||
The North American Retail and Direct Response/E-Commerce segments have seen increased competition as well as increased use of promotions in order to maintain sales levels. During the fourth fiscal quarter of 2014, the Direct Response/E-Commerce and North American Retail segments recorded impairment charges of $61,590 and $25,744, respectively, related to goodwill. This was in connection with our annual impairment assessment and the completion of a strategic planning process relating to the rates of growth of sales, profit and cash flow and expectations for future performance. In addition, as a part of this process, we recorded impairment charges of $110,000 and $10,000 on the indefinite lived tradenames of the Direct Response/E-Commerce and North American Retail segments, respectively. | |||||||||||||||||
Goodwill | |||||||||||||||||
The changes in the carrying amount of goodwill by segment for the fiscal years ended September 30, 2014 and 2013 are as follows: | |||||||||||||||||
Wholesale | European | Direct | North | Consolidated | |||||||||||||
Retail | Response/ | American | |||||||||||||||
E-Commerce | Retail | ||||||||||||||||
Balance at September 30, 2012 | $ | 613,561 | $ | 281,025 | $ | 317,985 | $ | 7,744 | $ | 1,220,315 | |||||||
Reassignment of goodwill(1) | — | 35,000 | (53,000 | ) | 18,000 | — | |||||||||||
Acquisitions | 35,500 | 4,147 | — | — | 39,647 | ||||||||||||
Foreign currency translation | (3,841 | ) | 4,681 | — | — | 840 | |||||||||||
Balance at September 30, 2013 | 645,220 | 324,853 | 264,985 | 25,744 | 1,260,802 | ||||||||||||
Purchase price adjustments | — | 517 | — | — | 517 | ||||||||||||
Impairment of goodwill | — | — | (61,590 | ) | (25,744 | ) | (87,334 | ) | |||||||||
Foreign currency translation | (6,590 | ) | (4,113 | ) | — | — | (10,703 | ) | |||||||||
Balance at September 30, 2014 | $ | 638,630 | $ | 321,257 | $ | 203,395 | $ | — | $ | 1,163,282 | |||||||
-1 | Goodwill was reassigned based on the relative fair values of the elements transferred and the elements remaining in the respective segment. | ||||||||||||||||
Other Intangible Assets | |||||||||||||||||
The carrying amounts of acquired other intangible assets are as follows at September 30: | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | Amortization | |||||||||||||
carrying | amortization | carrying | amortization | period | |||||||||||||
amount | amount | (years) | |||||||||||||||
Definite lived intangible assets | |||||||||||||||||
Brands and customer relationships | $ | 912,200 | $ | 155,776 | $ | 913,972 | $ | 116,330 | 17–25 | ||||||||
Tradenames and other | 175,872 | 22,644 | 177,903 | 16,677 | 20–30 | ||||||||||||
1,088,072 | 178,420 | 1,091,875 | 133,007 | ||||||||||||||
Indefinite lived intangible asset | |||||||||||||||||
Tradenames | 881,940 | — | 1,001,484 | — | |||||||||||||
Total intangible assets | $ | 1,970,012 | $ | 178,420 | $ | 2,093,359 | $ | 133,007 | |||||||||
Aggregate amortization expense of other definite lived intangible assets included in the Consolidated Statements of Operations and Comprehensive Income (Loss) in selling, general and administrative expenses in fiscal 2014, 2013 and 2012 was $46,027, $45,753 and $43,960, respectively. | |||||||||||||||||
Assuming no changes in our other intangible assets, estimated amortization expense for each of the five succeeding years will be approximately $46,000 per year. | |||||||||||||||||
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
9. Accrued Expenses and Other Current Liabilities | ||||||||
The components of accrued expenses and other current liabilities are as follows at September 30: | ||||||||
2014 | 2013 | |||||||
Accrued compensation and benefits | $ | 44,189 | $ | 53,491 | ||||
Accrued interest | 29,273 | 29,281 | ||||||
Income taxes payable | 37,147 | 16,833 | ||||||
Other | 96,221 | 120,161 | ||||||
$ | 110,447 | $ | 219,766 | |||||
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Long-Term Debt | ' | |||||||
Long-Term Debt | ' | |||||||
10. Long-Term Debt | ||||||||
Long-term debt consists of the following at September 30: | ||||||||
2014 | 2013 | |||||||
Senior Credit Facilities: | ||||||||
Term loan B-2 | $ | 1,507,500 | $ | 1,507,500 | ||||
Notes | 650,000 | 650,000 | ||||||
Other | 848 | 1,281 | ||||||
2,158,348 | 2,158,781 | |||||||
Less: current portion | (261 | ) | (376 | ) | ||||
Total | $ | 2,158,087 | $ | 2,158,405 | ||||
Senior secured credit facilities | ||||||||
On October 1, 2010, NBTY entered into its senior secured credit facilities (the "senior secured credit facilities") consisting of a $250,000 revolving credit facility, a $250,000 term loan A and a $1,500,000 term loan B. | ||||||||
On March 1, 2011, NBTY, Holdings and Barclays Bank PLC, as administrative agent, and several other lenders entered into the First Amendment and Refinancing Agreement pursuant to which NBTY repriced its loans. Under the terms of the agreement, the $1,750,000 term loan B-1 and revolving credit facility of $200,000 were established. Substantially all other terms are consistent with the original term loan B, including the amortization schedule of term loan B-1 and maturity dates. | ||||||||
On December 30, 2011, NBTY prepaid $225,000 of its future principal payments on its term loan B-1. As a result of this prepayment $9,289 of deferred financing costs were charged to interest expense. In accordance with the prepayment provisions of the credit agreement governing the senior secured credit facilities, future scheduled payments of principal will not be required until the final balloon payment in October 2017. | ||||||||
On October 11, 2012, NBTY amended its credit agreement to allow Holdings, our parent company, to issue and sell the Holdco Notes. In addition, among other things, the amendment (i) increased the general restricted payments basket to $50,000, (ii) increased the maximum total leverage ratio test which governs the making of restricted payments using Cumulative Credit (as defined in the credit agreement) and (iii) modified the definition of Cumulative Credit so that it conforms to the builder basket used in NBTY's indenture governing the Notes. Interest on the Holdco Notes is paid via dividends from NBTY to Holdings, to the extent that NBTY is permitted under its credit agreement and the indenture governing the Notes. Expenses of $6,121 related to the amendment were capitalized as a deferred financing cost and are being amortized using the effective interest method. In conjunction with the amendment, NBTY paid Holdings a dividend of $193,956 in October 2012. | ||||||||
On March 21, 2013 (the "Second Refinancing Date"), NBTY, Holdings, Barclays Bank PLC, as administrative agent, and several other lenders entered into the Third Amendment and Second Refinancing Agreement (the "Second Refinancing") pursuant to which NBTY repriced its term loan B-1 under its credit agreement. Under the terms of the Second Refinancing, the $1,750,000 term loan B-1 was replaced with a new $1,507,500 term loan B-2. Borrowings under term loan B-2 and the revolving credit facility bear interest at a floating rate which can be, at NBTY's option, either (i) eurodollar (LIBOR) rate plus an applicable margin, or (ii) base rate plus an applicable margin, in each case, subject to a eurodollar (LIBOR) rate floor of 1.00% or a base rate floor of 2.00%, as applicable. The applicable margin for term loan B-2 is 2.50% per annum for eurodollar (LIBOR) loans and 1.50% per annum for base rate loans. The applicable margin for the revolving credit facility remained at 3.25% per annum for eurodollar (LIBOR) loans and 2.25% per annum for base rate loans, with a step-down of 25 basis points upon the achievement of a total senior secured leverage ratio as set forth in the senior secured credit facilities. Substantially all other terms are consistent with the original term loan B-1, including the maturity dates. As a result of the Second Refinancing, $4,232 of previously capitalized deferred financing costs, as well as $1,151 of the call premium on term loan B-1, were expensed and included in interest expense. In addition, costs incurred and recorded as deferred financing costs were approximately $15,190, including $13,924 of the call premium paid on term loan B-1, and are being amortized using the effective interest method. | ||||||||
On November 20, 2014, NBTY amended its senior secured revolving credit facility, extending its maturity to September 2017 and reducing the commitment from $200,000 to $175,000. In connection with this amendment, deferred financing costs of approximately $600 were incurred and will be amortized over the remaining period. | ||||||||
The following fees are applicable under the revolving credit facility: (i) an unused line fee of 0.50% per annum, based on the unused portion of the revolving credit facility; (ii) a letter of credit participation fee on the aggregate stated amount of each letter of credit available to be drawn equal to the applicable margin for eurodollar rate loans; (iii) a letter of credit fronting fee equal to 0.25% per annum on the daily amount of each letter of credit available to be drawn; and (iv) certain other customary fees and expenses of our letter of credit issuers. | ||||||||
As of September 30, 2014, there were no borrowings drawn from our $200,000 revolving credit facility and there were letters of credit totaling $4,400, reducing the net availability to $195,600. | ||||||||
NBTY may voluntarily prepay loans or reduce commitments under its senior secured credit facilities, in whole or in part, subject to minimum amounts, with prior notice but without premium or penalty. | ||||||||
NBTY must make prepayments on the term loan B-2 facility with the net cash proceeds of certain asset sales, casualty and condemnation events, the incurrence or issuance of indebtedness (other than indebtedness permitted to be incurred under its senior secured credit facilities unless specifically incurred to refinance a portion of its senior secured credit facilities) and 50% of excess cash flow, as defined in the credit agreement (such percentage subject to reduction based on achievement of total senior secured leverage ratios), in each case, subject to certain reinvestment rights and other exceptions. NBTY is also required to make prepayments under its revolving credit facility at any time when, and to the extent that, the aggregate amount of the outstanding loans and letters of credit under the revolving credit facility exceeds the aggregate amount of commitments in respect of the revolving credit facility. | ||||||||
Obligations under the senior secured credit facilities are guaranteed by Holdings and each of NBTY's current and future direct and indirect subsidiaries other than (i) foreign subsidiaries, (ii) unrestricted subsidiaries, (iii) non-wholly owned subsidiaries, (iv) certain receivables financing subsidiaries, (v) certain immaterial subsidiaries and (vi) certain holding companies of foreign subsidiaries, and are secured by a first lien on substantially all of their assets, including capital stock of subsidiaries (subject to certain exceptions). | ||||||||
The senior secured credit facilities contain customary negative covenants, including, but not limited to, restrictions on NBTY and its restricted subsidiaries' ability to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, make acquisitions, loans, advances or investments, pay dividends, sell or otherwise transfer assets, prepay or modify terms of certain junior indebtedness, enter into transactions with affiliates, amend organizational documents, or change our line of business or fiscal year. In addition, NBTY's senior secured credit facilities require the maintenance of a maximum total senior secured leverage ratio on a quarterly basis, calculated with respect to Consolidated EBITDA, as defined therein, if at any time amounts are outstanding under the revolving credit facility, including swingline loans and letters of credit. NBTY was in compliance with all covenants under the senior secured credit facilities at September 30, 2014. | ||||||||
The senior secured credit facilities provide that, upon the occurrence of certain events of default, the obligations thereunder may be accelerated and the lending commitments terminated. Such events of default include payment defaults to the lenders, material inaccuracies of representations and warranties, covenant defaults, cross-defaults to other material indebtedness, voluntary and involuntary bankruptcy proceedings, material money judgments, material ERISA/pension plan events, certain change of control events and other customary events of default. | ||||||||
Holdco Notes | ||||||||
On October 17, 2012, Holdings, our parent company, issued $550,000 in aggregate principal amount of 7.75%/8.50% contingent cash pay senior notes ("Holdco Notes") that mature on November 1, 2017. Interest on the Holdco Notes accrues at the rate of 7.75% per annum with respect to cash interest and 8.50% per annum with respect to any paid-in-kind interest ("PIK Interest"). Interest on the Holdco Notes is payable semi-annually in arrears on May 1 and November 1 of each year. All interest payments made to date have been in cash. Holdings is a holding company with no operations and has no ability to service interest or principal on the Holdco Notes, other than through dividends it may receive from NBTY. NBTY is restricted, in certain circumstances, from paying dividends to Holdings by the terms of the indenture governing NBTY's 9.00% Senior Notes due 2018 ("Notes") and the senior secured credit facilities. NBTY has not guaranteed the indebtedness of Holdings, nor pledged any of its assets as collateral, and the Holdco Notes are not reflected in NBTY's financial statements. The proceeds from the offering of the Holdco Notes, along with $200,000 of cash on hand from NBTY, as described below, were used to pay transaction fees and expenses, including a consent fee, totaling $17,345 and a $721,682 dividend to Holdings' shareholders in October 2012. | ||||||||
On December 12, 2013, Holdings, our parent company, issued an additional $450,000 in aggregate principal amount of Holdco Notes that mature on November 1, 2017. The additional $450,000 Holdco Notes and the $550,000 of original Holdco Notes previously issued on October 17, 2012 have identical terms and are treated as a single class for all purposes under the indenture governing the Holdco Notes. The gross proceeds from the offering of the $450,000 additional Holdco Notes was $460,125, inclusive of a $10,125 premium, which were used to pay transaction fees and expenses, including a consent fee, totaling $18,560 and a $445,537 dividend to Holdings' shareholders in December 2013. | ||||||||
Interest on the Holdco Notes is payable semi-annually in arrears on May 1 and November 1 of each year. Holdings is a holding company with no operations of its own and has no ability to service interest or principal on the Holdco Notes, other than through dividends it may receive from NBTY. NBTY is restricted, in certain circumstances, from paying dividends to Holdings by the terms of the indenture governing the Notes and the senior secured credit facilities. NBTY has not guaranteed the indebtedness of Holdings, nor pledged any of its assets as collateral and the Holdco Notes are not reflected on NBTY's balance sheet. | ||||||||
Interest on the Holdco Notes shall be payable entirely in cash ("Cash Interest") to the extent that it is less than the maximum amount of allowable dividends and distributions plus any cash at Holdings ("Applicable Amount") as defined by the indenture governing the Holdco Notes. For any interest period after May 1, 2013 (other than the final interest period ending at stated maturity), if the Applicable Amount for such interest period will: | ||||||||
(i) equal or exceed 75%, but be less than 100%, of the aggregate amount of Cash Interest that would otherwise be due on the relevant interest payment date, then Holdings may, at its option, elect to pay interest on (a) 25% of the then outstanding principal amount of the Holdco Notes by increasing the principal amount of the outstanding Holdco Notes or by issuing payment in kind notes ("PIK Notes") in a principal amount equal to such interest and (b) 75% of the then outstanding principal amount of the Holdco Notes as Cash Interest; | ||||||||
(ii) equal or exceed 50%, but be less than 75%, of the aggregate amount of Cash Interest that would otherwise be due on the relevant interest payment date, then Holdings may, at its option, elect to pay interest on (a) 50% of the then outstanding principal amount of the Holdco Notes as PIK Interest and (b) 50% of the then outstanding principal amount of the Holdco Notes as Cash Interest; | ||||||||
(iii) equal or exceed 25%, but be less than 50%, of the aggregate amount of Cash Interest that would otherwise be due on the relevant interest payment date, then Holdings may, at its option, elect to pay interest on (a) 75% of the then outstanding principal amount of the Holdco Notes as PIK Interest and (b) 25% of the then outstanding principal amount of the Holdco Notes as Cash Interest; or | ||||||||
(iv) be less than 25% of the aggregate amount of Cash Interest that would otherwise be due on the relevant interest payment date, then Holdings may, at its option, elect to pay interest on the Holdco Notes as PIK Interest. | ||||||||
As described above, Holdings' ability to pay PIK Interest depends on the calculation of the Applicable Amount regardless of the availability of cash at Holdings. | ||||||||
The interest on the Holdco Notes was paid in cash on May 1, 2013, November 1, 2013 and May 1, 2014 and was funded by a dividend of $22,970, $21,313 and $38,750, respectively from NBTY. | ||||||||
On or after November 1, 2013, Holdings may redeem the Holdco Notes, at its option, in whole at any time or in part from time to time, at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on November 1 of the years set forth below: | ||||||||
Period | Redemption | |||||||
Price | ||||||||
2014 | 102.00 | % | ||||||
2015 | 101.00 | % | ||||||
2016 and thereafter | 100.00 | % | ||||||
On March 10, 2014 and June 21, 2013, $450,000 and $549,925, respectively, in aggregate principal amount of the Holdco Notes were exchanged for substantially identical notes that were registered under the Securities Act of 1933, as amended, and therefore are freely tradable. | ||||||||
Notes | ||||||||
On October 1, 2010, NBTY issued $650,000 in aggregate principal amount of senior notes bearing interest at 9% in a private placement. On August 2, 2011, these privately placed notes were exchanged for substantially identical notes that were registered under the Securities Act of 1933, as amended, and therefore are freely tradable (the privately placed notes and such registered notes exchanged therefor, the "Notes"). The Notes are senior unsecured obligations and mature on October 1, 2018. Interest on the Notes is paid on April 1 and October 1 of each year, and commenced on April 1, 2011. | ||||||||
On or after October 1, 2014, NBTY may redeem the Notes, at its option, in whole at any time or in part from time to time, at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on October 1 of the years set forth below: | ||||||||
Period | Redemption | |||||||
Price | ||||||||
2014 | 104.50 | % | ||||||
2015 | 102.25 | % | ||||||
2016 and thereafter | 100.00 | % | ||||||
The Notes are jointly and severally irrevocably and unconditionally guaranteed by each of NBTY's subsidiaries that is a guarantor under the credit agreement. The Notes are uncollateralized and rank senior in right of payment to existing and future indebtedness that is expressly subordinated to the Notes, rank equally in right of payment to NBTY and its subsidiary guarantors' senior unsecured debt, and are effectively junior to any of NBTY or its subsidiary guarantors' secured debt, to the extent of the value of the collateral securing such debt. The Notes contain certain customary covenants including, but not limited to, restrictions on NBTY and its restricted subsidiaries' ability to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, make acquisitions, loans, advances or investments, or pay dividends. NBTY was in compliance with all covenants under the Notes at September 30, 2014. | ||||||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||||||||||
11. Fair Value of Financial Instruments | ||||||||||||||||||||
GAAP establishes a framework for measuring fair value and includes disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value: | ||||||||||||||||||||
• | Level 1—Quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||
• | Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||||||||||||
• | Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||||
The following table summarizes the liabilities measured at fair value on a recurring basis at September 30: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Current (included in accrued expenses and other current liabilities): | ||||||||||||||||||||
Interest rate swaps | $ | — | $ | 1,151 | $ | — | $ | — | $ | 5,268 | $ | — | ||||||||
Cross currency swaps | $ | — | $ | — | $ | 3,857 | $ | — | $ | — | $ | 3,855 | ||||||||
Non-current (included in other liabilities): | ||||||||||||||||||||
Interest rate swaps | $ | — | $ | — | $ | — | $ | — | $ | 1,066 | $ | — | ||||||||
Cross currency swaps | $ | — | $ | — | $ | 14,773 | $ | — | $ | — | $ | 18,399 | ||||||||
The Company's swap contracts are measured at fair value based on a market approach valuation technique. With the market approach, fair value is derived using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Although non-performance risk of the Company and the counterparty is present in all swap contracts and is a component of the estimated fair values, we do not view non-performance risk to be a significant input to the fair value for the interest rate swap contracts. However, with respect to our cross currency swap contracts, we believe that non-performance risk is higher; therefore the Company classifies these swap contracts as "Level 3" in the fair value hierarchy and, accordingly, records estimated fair value adjustments based on internal projections and views of those contracts. The performance risk for the cross currency swap contracts as a percentage of the unadjusted liabilities ranged from 8.1% to 8.5% (8.3% weighted average) as of September 30, 2014 and 9.5% to 10.3% (9.8% weighted average) as of September 30, 2013. | ||||||||||||||||||||
The following table shows the Level 3 activity related to our cross currency swaps for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Beginning balance: | $ | (22,254 | ) | $ | (24,862 | ) | ||||||||||||||
Unrealized gain on hedging instruments | 3,624 | 2,608 | ||||||||||||||||||
Ending balance: | $ | (18,630 | ) | $ | (22,254 | ) | ||||||||||||||
Assets Re-measured at Fair Value on a Non-recurring Basis | ||||||||||||||||||||
In connection with our annual impairment assessment of goodwill and intangible assets, an impairment was recorded for the Direct Response/E-Commerce and North American Retail segments of $171,590and $35,744, respectively (See Note 8). In connection with the UK Administration (See Note 4), we re-measured the Julian Graves tradename and certain fixed assets using Level 3 inputs, which resulted in an impairment of $20,106 in fiscal 2012. | ||||||||||||||||||||
Interest Rate Swaps | ||||||||||||||||||||
To manage the potential risk arising from changing interest rates and their impact on long-term debt, our policy is to maintain a combination of available fixed and variable rate financial instruments. | ||||||||||||||||||||
During March 2011, in connection with the Refinancing, we entered into three interest rate swap contracts to fix the LIBOR indexed interest rates on a portion of our senior credit facilities until the indicated expiration dates of these swap contracts. Each swap contract has an initial notional amount of $333,333 (for a total of one billion dollars), with a fixed interest rate of 1.92% and a term ending December 30, 2014. The notional amount of each swap decreased to $266,666 in December 2012, decreased to $166,666 in December 2013 and has a maturity date of December 2014. Under the terms of the swap contracts, variable interest payments for a portion of our senior credit facilities are swapped for fixed interest payments. These interest rate swap contracts were designated as a cash flow hedge of the variable interest payments on a portion of our term loan debt. Hedge effectiveness will be assessed based on the overall changes in the fair value of the interest rate swap contracts. Any potential ineffectiveness is measured using the hypothetical derivative method and will be recognized in current operations. Hedge ineffectiveness from inception to September 30, 2014 was insignificant and recorded in Miscellaneous, net. | ||||||||||||||||||||
Cross Currency Swaps | ||||||||||||||||||||
To manage the potential exposure from adverse changes in currency exchange rates, specifically the British pound, arising from our net investment in British pound denominated operations, during December 2010, we entered into three cross currency swap contracts to hedge a portion of the net investment in our British pound denominated foreign operations. The aggregate notional amount of the swap contracts is 194,200 British pounds (approximately $300,000 U.S. dollars), with a forward rate of 1.56, and a termination date of September 30, 2017. | ||||||||||||||||||||
These cross currency contracts were designated as a net investment hedge to the net investment in our British pound denominated operations. Hedge effectiveness is assessed based on the overall changes in the fair value of the cross currency swap contracts. Any potential hedge ineffectiveness is measured using the hypothetical derivative method and is recognized in current operations. Hedge ineffectiveness for the years ended September 30, 2014, 2013 and 2012 resulted in gains (losses) of $966, $1,611 and ($3,358), respectively, and is recorded in Miscellaneous, net. | ||||||||||||||||||||
The following table shows the effect of the Company's derivative instruments designated as cash flow and net investment hedging instruments for the years ended September 30, 2014 and 2013: | ||||||||||||||||||||
Amount of Gain or | Amount of Gain or | Amount of Gain or | Amount of Gain or | |||||||||||||||||
(Loss) Recognized in | (Loss) Reclassified | (Loss) Recognized in | (Loss) Reclassified | |||||||||||||||||
Accumulated | from Accumulated | Accumulated | from Accumulated | |||||||||||||||||
OCI on Derivative | OCI into Operations | OCI on Derivative | OCI into Operations | |||||||||||||||||
(Effective Portion) | (Effective Portion) | (Effective Portion) | (Effective Portion) | |||||||||||||||||
2014 | 2014 | 2013 | 2013 | |||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||
Interest rate swaps | $ | (2,166 | ) | $ | (5,346 | ) | $ | (3,499 | ) | $ | (7,904 | ) | ||||||||
Net Investment Hedges: | ||||||||||||||||||||
Cross currency swaps | 1,266 | — | 612 | — | ||||||||||||||||
Total | $ | (900 | ) | $ | (5,346 | ) | $ | (2,887 | ) | $ | (7,904 | ) | ||||||||
Notes | ||||||||||||||||||||
The fair value of the Notes, based on quoted market prices (Level 2), was approximately $676,000, as of September 30, 2014. | ||||||||||||||||||||
Term loan B-2 | ||||||||||||||||||||
The face amount of the term loan B-2 is $1,507,500, which approximates fair value based on Level 2 inputs, as this loan accrues interest at a variable interest rate. | ||||||||||||||||||||
Other Fair Value Considerations | ||||||||||||||||||||
During the fourth quarter of each year, the Company evaluates goodwill at the reporting unit level and indefinite-lived intangibles for impairment using market data and a cash flow model using Level 3 inputs. Additionally, on a nonrecurring basis, the Company uses fair value measures when analyzing asset impairment. Long-lived assets and certain identifiable intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If it is determined such indicators are present and the review indicates that the assets will not be fully recoverable, based on undiscounted estimated cash flows over the remaining amortization periods, their carrying values are reduced to estimated fair value. | ||||||||||||||||||||
Litigation_Summary
Litigation Summary | 12 Months Ended |
Sep. 30, 2014 | |
Litigation Summary | ' |
Litigation Summary | ' |
12. Litigation Summary | |
Glucosamine-Based Dietary Supplements | |
Beginning in June 2011, certain putative class actions have been filed in various jurisdictions against NBTY, its subsidiary Rexall Sundown, Inc. ("Rexall"), and/or other companies as to which there may be a duty to defend and indemnify, challenging the marketing of glucosamine- based dietary supplements, under various states' consumer protection statutes. The lawsuits against NBTY and its subsidiaries are: Cardenas v. NBTY, Inc. and Rexall Sundown, Inc. (filed June 14, 2011) in the United States District Court for the Eastern District of California, on behalf of a putative class of California consumers seeking unspecified compensatory damages based on theories of restitution and disgorgement, plus punitive damages and injunctive relief; Jennings v. Rexall Sundown, Inc. (filed August 22, 2011) in the United States District Court for the District of Massachusetts, on behalf of a putative class of Massachusetts consumers seeking unspecified trebled compensatory damages; and Nunez v. NBTY, Inc. et al. (filed March 1, 2013) in the United States District Court for the Southern District of California (the "Nunez Case"), on behalf of a putative class of California consumers seeking unspecified compensatory damages based on theories of restitution and disgorgement, plus injunctive relief, as well as other cases in California and Illinois against certain wholesale customers as to which we may have certain indemnification obligations. The Nunez Case settled on an individual basis on June 20, 2013. | |
In March 2013, NBTY agreed upon a proposed settlement with the remaining plaintiffs, which includes all cases and resolves all pending claims without any admission of or concession of liability by NBTY, and which provides for a release of all claims in return for payments to the class, together with attorneys' fees, and notice and administrative costs. Fairness Hearings took place on October 4, 2013 and November 20, 2013. On January 3, 2014, the court issued an opinion and order approving the settlement as modified (the "Order"). The final judgment was issued on January 22, 2014 (the "Judgment"). Certain objectors filed a notice of appeal of the Order and the Judgment on January 29, 2014 and the plaintiffs filed a notice of appeal on February 3, 2014. On November 19, 2014, the appellate court issued a decision granting the objectors' appeal. The appellate court reversed and remanded the matter to the district court for further proceedings consistent with the appellate court's decision. | |
In fiscal 2013, NBTY recorded a provision of $12 million reflecting its best estimate of exposure for payments to the class together with attorney's fees, and notice and administrative costs in connection with this class action settlement. As a result of the court's approval of the settlement and the closure of the claims period, NBTY reduced its estimate of exposure to $6 million. This reduction in the estimated exposure was reflected in the Company's first quarter results for fiscal 2014. Until the cases are is resolved, no final determination can be made as to the ultimate outcome of the litigation or the amount of liability on the part of NBTY. | |
Telephone Consumer Protection Act Claim | |
NBTY, and certain of its subsidiaries, are defendants in a class-action lawsuit, captioned John H. Lary Jr. v. Rexall Sundown, Inc.; Rexall Sundown 3001, LLC; Rexall, Inc.; NBTY, Inc.; Corporate Mailings, Inc. d/b/a CCG Marketing Solutions ("CCG") and John Does 1-10 (originally filed October 22, 2013), brought in the United States District Court, Eastern District of New York. The plaintiff alleges that the defendants faxed advertisements to plaintiff and others without invitation or permission, in violation of the Telephone Consumer Protection Act ("TCPA"). | |
On May 2, 2014, NBTY and its named subsidiary defendants cross-claimed against CCG, who was a third party vendor engaged by NBTY, and CCG cross-claimed against NBTY and named subsidiary defendants on June 13, 2014. CCG brought a third party complaint against an unrelated entity, Healthcare Data Experts, LLC, on June 27, 2014. On July 21, 2014, CCG filed a motion to dismiss the amended complaint and that motion is pending. | |
At this time, no determination can be made as to the ultimate outcome of the litigation or the amount of liability on the part of NBTY, however, we do not believe the ultimate outcome will have a material adverse effect on each of our consolidated financial statements. | |
Claims in the Ordinary Course | |
In addition to the foregoing, other regulatory inquiries, claims, suits and complaints (including product liability, false advertising, intellectual property and Proposition 65 claims) arise from time to time in the ordinary course of our business. We believe that such other inquiries, claims, suits and complaints would not have a material adverse effect on each of our consolidated financial statements, if adversely determined against us. | |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
13. Income Taxes | ||||||||||||||||||||
(Loss) income from continuing operations before income taxes consists of the following components for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
United States | $ | (225,767 | ) | $ | 10,452 | $ | 76,096 | |||||||||||||
Foreign | 191,760 | 173,906 | 158,687 | |||||||||||||||||
$ | (34,007 | ) | $ | 184,358 | $ | 234,783 | ||||||||||||||
(Benefit) provision for income taxes consists of the following for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Federal | ||||||||||||||||||||
Current | $ | 10,668 | $ | 6,831 | $ | 32,287 | ||||||||||||||
Deferred | (43,708 | ) | 10,231 | (15,315 | ) | |||||||||||||||
State | ||||||||||||||||||||
Current | 3,495 | 2,727 | 5,261 | |||||||||||||||||
Deferred | (5,689 | ) | (4,106 | ) | (2,275 | ) | ||||||||||||||
Foreign | ||||||||||||||||||||
Current | 44,863 | 40,027 | 44,773 | |||||||||||||||||
Deferred | 516 | (832 | ) | 533 | ||||||||||||||||
Total (benefit) provision | $ | 10,145 | $ | 54,878 | $ | 65,264 | ||||||||||||||
The following is a reconciliation of the (benefit) provision for income taxes on continuing operations computed using the statutory Federal income tax rate to the actual income tax expense and the effective income tax rate for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Amount | Percent | Amount | Percent | Amount | Percent | |||||||||||||||
of pretax | of pretax | of pretax | ||||||||||||||||||
income | income | income | ||||||||||||||||||
Income tax expense at statutory rate | $ | (11,902 | ) | 35 | % | $ | 64,525 | 35 | % | $ | 82,174 | 35 | % | |||||||
State income taxes, net of federal income tax benefit | (3,415 | ) | 10 | % | (1,379 | ) | (0.7 | )% | 1,566 | 0.7 | % | |||||||||
Change in valuation allowance | — | 0 | % | (1,259 | ) | (0.7 | )% | (539 | ) | (0.2 | )% | |||||||||
Effect of international operations, including foreign export benefit and earnings indefinitely reinvested | (38 | ) | 0.1 | % | (5,645 | ) | (3.1 | )% | (8,476 | ) | (3.6 | )% | ||||||||
Domestic manufacturing deduction | (1,071 | ) | 3.1 | % | (1,715 | ) | (0.9 | )% | (1,918 | ) | (0.8 | )% | ||||||||
Tax benefit attributable to Le Naturiste sale | — | 0 | % | — | 0 | % | (7,792 | ) | (3.3 | )% | ||||||||||
Goodwill impairment | 30,567 | (89.9 | )% | |||||||||||||||||
Change in tax reserves | (4,801 | ) | 14.1 | % | — | — | — | — | ||||||||||||
Other | 805 | (2.4 | )% | 351 | 0.2 | % | 249 | 0.1 | % | |||||||||||
$ | 10,145 | (29.8 | )% | $ | 54,878 | 29.8 | % | $ | 65,264 | 27.8 | % | |||||||||
The difference in the effective rate in fiscal 2014 as compared to the statutory rate is mainly attributable to the impact of the goodwill impairment during fiscal 2014 for which no income tax benefit was recorded. | ||||||||||||||||||||
The difference in the effective rate in fiscal 2013 as compared to the statutory rate is mainly attributable to the restructuring which had a favorable impact on our state tax rate due to the closing of facilities in California (a relatively high tax state) and the partial indefinite reinvestment of foreign earnings. | ||||||||||||||||||||
The difference in the effective rate in fiscal 2012 as compared to the statutory rate is mainly attributable to the benefit attributable to the sale of Le Naturiste, as well as the partial indefinite reinvestment of certain foreign earnings in the year. | ||||||||||||||||||||
The components of deferred tax assets and liabilities are as follows as of September 30: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Deferred tax assets: | ||||||||||||||||||||
Inventory reserves and UNICAP | $ | 15,524 | $ | 10,543 | ||||||||||||||||
Accrued expenses and reserves not currently deductible | 19,936 | 20,874 | ||||||||||||||||||
Other comprehensive income | 8,670 | 13,282 | ||||||||||||||||||
Foreign and state tax credits | 107,460 | 109,895 | ||||||||||||||||||
Foreign and state net operating losses | 8,434 | 11,863 | ||||||||||||||||||
Valuation allowance | (9,543 | ) | (14,116 | ) | ||||||||||||||||
Total deferred income tax assets, net of valuation allowance | 150,481 | 152,341 | ||||||||||||||||||
Deferred tax liabilities: | ||||||||||||||||||||
Depreciation | (50,307 | ) | (52,557 | ) | ||||||||||||||||
Intangibles | (656,843 | ) | (707,679 | ) | ||||||||||||||||
Undistributed foreign earnings | (122,378 | ) | (119,887 | ) | ||||||||||||||||
Total deferred income tax liabilities | (829,528 | ) | (880,123 | ) | ||||||||||||||||
Total net deferred income tax liabilities | (679,047 | ) | (727,782 | ) | ||||||||||||||||
Less current deferred income tax assets | (28,915 | ) | (23,637 | ) | ||||||||||||||||
Long-term deferred income tax liabilities | $ | (707,962 | ) | $ | (751,419 | ) | ||||||||||||||
At September 30, 2014 and 2013, we had the following foreign net operating losses, foreign tax credit and New York State ("NYS") investment tax credit carryforwards: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Foreign net operating losses | $ | 19,600 | $ | 30,798 | ||||||||||||||||
Foreign tax credit | 104,923 | 109,959 | ||||||||||||||||||
NYS investment tax credit carryforwards | 2,537 | 3,807 | ||||||||||||||||||
At September 30, 2014 and 2013, we maintained the following valuation allowances: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
NYS investment tax credit carryforwards | $ | 2,537 | $ | 3,807 | ||||||||||||||||
Foreign loss carryforwards | 7,005 | 10,309 | ||||||||||||||||||
The NYS investment tax credits expire primarily between 2014 and 2029 and the foreign net operating loss carryforwards expire in accordance with applicable tax law. We provide a valuation allowance for these credit and loss carryforwards because we do not consider realization of such assets to be more likely than not. We continue to monitor the need for these valuation allowances on an on-going basis. | ||||||||||||||||||||
At September 30, 2014, we had $111,547 of undistributed international earnings on which we have not provided any U.S. tax expense as we intend to permanently reinvest these earnings outside of the U.S. If these earnings are repatriated to the United States, or if the Company determines that such earnings will be remitted in the foreseeable future, additional tax provisions may be required. Due to the complexities in the tax laws and the assumptions that would have to be made, it is not practicable to estimate the amounts of income tax provisions that may be required. | ||||||||||||||||||||
The following table summarizes the changes in the valuation allowance for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Beginning balance | $ | (14,116 | ) | $ | (14,867 | ) | $ | (15,404 | ) | |||||||||||
NYS investment tax credit carryforwards expired/(generated) | 1,269 | (321 | ) | (694 | ) | |||||||||||||||
Foreign net operating losses utilized | 3,304 | 1,580 | 1,231 | |||||||||||||||||
Foreign net operating losses acquired | — | (508 | ) | — | ||||||||||||||||
Balance at September 30 | $ | (9,543 | ) | $ | (14,116 | ) | $ | (14,867 | ) | |||||||||||
The following table summarizes the activity related to gross unrecognized tax benefits for the fiscal years ended September 30: | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Beginning balance | $ | 13,635 | $ | 12,888 | $ | 10,687 | ||||||||||||||
Increase related to current year tax positions | 1,260 | — | — | |||||||||||||||||
Increases related to prior year tax positions | 85 | 1,512 | 2,201 | |||||||||||||||||
Decreases related to settlements with taxing authorities | (5,305 | ) | (249 | ) | — | |||||||||||||||
Decreases related to lapsing of statute of limitations | (1,646 | ) | (516 | ) | — | |||||||||||||||
Balance as of September 30 | $ | 8,029 | $ | 13,635 | $ | 12,888 | ||||||||||||||
These liabilities are primarily included as a component of other liabilities in our consolidated balance sheet because we generally do not anticipate that settlement of the liabilities will require payment of cash within the next twelve months. | ||||||||||||||||||||
Our total unrecognized tax benefits that, if recognized, would affect our effective tax rate were $5,961 and $10,263 as of September 30, 2014 and 2013, respectively. We do not believe that the amount will significantly change in the next 12 months. | ||||||||||||||||||||
We accrue interest and penalties related to unrecognized tax benefits in income tax expense. This methodology is consistent with previous periods. At September 30, 2014, we had accrued $332 and $174 for the potential payment of interest and penalties, respectively. As of September 30, 2014, we were subject to U.S. Federal Income Tax examinations for the tax years 2011 through 2013, and to non-US examinations for the tax years of 2008 through 2014. In addition, we are generally subject to state and local examinations for fiscal years 2011 through 2014. The changes to accrued penalties and interest during the fiscal year ended September 30, 2014 were primarily a result of the effective settlement of the IRS examination for the years 2007 through 2010. The Company received an effective settlement with the IRS for tax years 2007 through 2010 which resulted in a reduction of its unrecognized tax benefit. | ||||||||||||||||||||
The Company is under an Internal Revenue Service ("IRS") examination for tax years 2011 through 2012. Among other issues, the IRS has questioned the values used by the Company to transfer product and provide services to an international subsidiary. The Company believes it has appropriately valued such product transfers and services and intends to continue to support this position as the IRS examination continues to progress. | ||||||||||||||||||||
StockBased_Compensation_and_Em
Stock-Based Compensation and Employee Benefit Plans | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Stock-Based Compensation and Employee Benefit Plans | ' | |||||||||||||||||||
Stock-Based Compensation and Employee Benefit Plans | ' | |||||||||||||||||||
14. Stock-Based Compensation and Employee Benefit Plans | ||||||||||||||||||||
On November 30, 2010, Holdings adopted the Equity Incentive Plan of Alphabet Holding Company, Inc. (the "Plan"), pursuant to which Holdings may grant options to selected employees and directors of the Company. The aggregate number of shares which may be issued under the Plan is 50,268 shares of the Class A common stock and 208,404 shares of the Class B common stock. Options granted under the Plan expire no later than 10 years from the date of grant and the exercise price may not be less than the fair market value of the common stock on the date of grant. | ||||||||||||||||||||
During fiscal 2014, 2013 and 2012, Holdings granted 13,430, 19,180 and 24,850, respectively, of Class B common stock options to certain Company employees under the Plan. Vesting of the awards is based on the passage of time, in equal installments over five years /or the achievement of a performance condition (i.e., a liquidity event as defined in the plan agreement) and market conditions (i.e., the achievement of a minimum investor rate of return). The fair value of each of the Holdings time-based stock option awards is expensed in the Company's records on a straight-line basis over the requisite service period, which is generally the five year vesting period of the options. However, for options granted with a performance condition, compensation expense is recognized when it is probable that the performance condition will be met. As the Company has determined it is not probable the performance condition will be achieved, no compensation cost has been recognized relating to the performance based awards. Pursuant to the Plan, Holdings is required to modify all options in an equitable manner under certain circumstances. The dividends of $445,537 and $721,682 in fiscal 2014 and 2013, respectively, as described in the Long-Term Debt Note, required this modification. | ||||||||||||||||||||
The weighted-average grant date fair value per share of options granted in fiscal 2014 was $147 for time based vesting and $98 for performance based vesting. The weighted-average grant date fair value per share of options granted in fiscal 2013 was $167 for time based vesting and $96 for performance based vesting. The weighted-average grant date fair value per share of options granted in fiscal 2012 was $239 for time based vesting and $108 for performance based vesting. The fair value of each option award is estimated on the date of grant utilizing a Monte Carlo simulation model. The following weighted-average assumptions were used for the options granted: | ||||||||||||||||||||
Fiscal year ended September 30, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Significant assumptions: | ||||||||||||||||||||
Time based vesting | ||||||||||||||||||||
Risk-free rate(1) | .02%–3.65 | % | .11%–4.59 | % | .10%–3.12 | % | ||||||||||||||
Expected term(2) | 6.5 years | 6.5 years | 6.5 years | |||||||||||||||||
Expected volatility(3) | 37% | 36% | 37% | |||||||||||||||||
Expected dividends | 0.0% | 0.0% | 0.0% | |||||||||||||||||
Performance based vesting | ||||||||||||||||||||
Risk-free rate(1) | .02%–3.65 | % | .11%–4.59 | % | .10%–3.12 | % | ||||||||||||||
Expected term(4) | 3.1 years | 4.5 years | 5.6 years | |||||||||||||||||
Expected volatility(3) | 33% | 37% | 38% | |||||||||||||||||
Expected dividends | 0.0% | 0.0% | 0.0% | |||||||||||||||||
-1 | The risk free interest rate assumption was based on yields of U.S. Treasury securities in effect at the date of grant with terms similar to the expected term. | |||||||||||||||||||
-2 | The expected term of the options was estimated utilizing the simplified method. We utilize the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The simplified method was used for all stock options that require only a service vesting condition. | |||||||||||||||||||
-3 | Expected volatility was estimated based on historical volatility of peer companies over a period equivalent to the expected term. Peer companies are determined based on relevant industry and/or market capitalization. | |||||||||||||||||||
-4 | The expected term of the options was estimated utilizing a Monte Carlo simulation model. | |||||||||||||||||||
A summary of stock option activity follows: | ||||||||||||||||||||
Fiscal Year Ended September 30, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Number | Weighted | Number | Weighted | |||||||||||||||||
of shares | average | of shares | average | |||||||||||||||||
exercise | exercise | |||||||||||||||||||
price | price | |||||||||||||||||||
Outstanding at beginning of period | 173,183 | $ | 179 | 162,951 | $ | 151 | ||||||||||||||
Granted | 13,430 | $ | 473 | 19,180 | $ | 397 | ||||||||||||||
Exercised | (614 | ) | $ | 133 | (730 | ) | $ | 124 | ||||||||||||
Forfeited | (46,352 | ) | $ | 153 | (8,218 | ) | $ | 124 | ||||||||||||
Outstanding at end of period | 139,647 | $ | 212 | 173,183 | $ | 179 | ||||||||||||||
Exercisable at end of period | 50,360 | $ | 152 | 29,833 | $ | 139 | ||||||||||||||
Number of shares available for future grant | 117,269 | |||||||||||||||||||
As share-based compensation expense recognized is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures of 0% and 5% per year for senior management and other management, respectively. Forfeitures are required to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on historical and forecasted turnover. | ||||||||||||||||||||
The following table summarizes information about stock options outstanding at September 30, 2014: | ||||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||
Range of | Shares | Weighted | Weighted | Shares | Weighted | Intrinsic | ||||||||||||||
Exercise Prices | Outstanding | Average | Average | Exercisable | Average | Value | ||||||||||||||
Remaining | Exercise | Exercise | ||||||||||||||||||
Contractual | Price | Price | ||||||||||||||||||
Life | ||||||||||||||||||||
$124 | 87,047 | 4.9 | $ | 124 | 43,090 | $ | 124 | $ | 15,056 | |||||||||||
$299 | 29,890 | 7.8 | $ | 299 | 5,664 | $ | 299 | $ | 988 | |||||||||||
$396 | 10,630 | 8.6 | $ | 396 | 1,456 | $ | 396 | $ | 112 | |||||||||||
$473 | 12,080 | 9.6 | $ | 473 | 150 | $ | 473 | $ | — | |||||||||||
As of September 30, 2014, $4,748 of total unrecognized compensation cost related to the non-vested time-based vesting options is expected to be recognized over the weighted average period of 2.7 years. | ||||||||||||||||||||
As of September 30, 2014, the total potential unrecognized compensation cost related to the performance-based vesting options is $4,022 and no compensation cost will be recognized until the related performance condition is deemed probable of occurring. | ||||||||||||||||||||
Employee Benefit Plans | ||||||||||||||||||||
We sponsor a Retirement Savings Plan consisting of a 401(k) plan covering substantially all employees with more than six months of service. As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides tax-deferred salary deductions for eligible employees. Employees may contribute from one to fifty percent of their annual compensation to the Plan, limited to a maximum annual amount as set, and periodically updated, by the Internal Revenue Service. We provide a Company match of 100% of employee contributions, up to three percent of the employee's gross earnings and 50% match of the next two percent of earnings, limited to an annual match contribution of $10 per employee. Employees become fully vested in employer match contributions after three years of service. | ||||||||||||||||||||
We also have an Associate Profit Sharing Plan ("PSP), which is allocated among participants who have completed 1,000 hours of service in the plan year end who were employed on the last day of the plan year, based upon their relative compensation for the year. Contributions are discretionary and are based on performance targets set forth by management. As of September 30, 2014 and 2013, the amount allocated and accrued for the PSP was approximately $0 and $3,723, respectively. | ||||||||||||||||||||
Commitments
Commitments | 12 Months Ended | ||||
Sep. 30, 2014 | |||||
Commitments | ' | ||||
Commitments | ' | ||||
15. Commitments | |||||
Operating Leases | |||||
We conduct retail operations under operating leases, which expire at various dates through 2034. Some of the leases contain escalation clauses, as well as renewal options, and provide for contingent rent based upon sales plus certain tax and maintenance costs. | |||||
Future minimum rental payments (excluding real estate tax and maintenance costs) for retail locations and other leases that have initial or noncancelable lease terms are as follows for the fiscal year ending September 30: | |||||
2015 | $ | 116,215 | |||
2016 | 106,415 | ||||
2017 | 93,178 | ||||
2018 | 80,047 | ||||
2019 | 69,596 | ||||
Thereafter | 219,801 | ||||
$ | 685,252 | ||||
Operating lease rent expense (including real estate taxes and maintenance costs) and leases on a month to month basis were approximately $154,889, $146,843 and $153,763 during fiscal years ended September 30, 2014, 2013 and 2012, respectively. | |||||
Purchase Commitments | |||||
We were committed to make future purchases primarily for inventory related items, such as raw materials and finished goods, under various purchase arrangements with fixed price provisions aggregating approximately $185,178 at September 30, 2014. | |||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Sep. 30, 2014 | |
Related Party Transactions | ' |
Related Party Transactions | ' |
16. Related Party Transactions | |
Consulting Agreement—Carlyle | |
NBTY entered into a consulting agreement with Carlyle under which it pays Carlyle a fee for consulting services Carlyle provides to it and its subsidiaries. Under this agreement, subject to certain conditions, NBTY expects to pay an annual consulting fee to Carlyle of $3,000; NBTY will reimburse them for out-of-pocket expenses, and may pay Carlyle additional fees associated with other future transactions. For the years ended September 30, 2014, 2013 and 2012 these fees totaled $3,000 and are recorded in Selling, general and administrative expenses. Out of pocket expenditures paid to Carlyle for the years ended September 30, 2014, 2013 and 2012 were $915, $311 and $0, respectively. | |
Holdings | |
Holdings does not have any operations or cashflow other than dividends from NBTY. Holdings has $1,000,000 of Holdco Notes and relies on dividends from NBTY to service the debt. See the Long-Term Debt Note for further information. | |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Accumulated Other Comprehensive Income (Loss). | ' | ||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||
17. Accumulated Other Comprehensive Income (Loss) | |||||||||||
Additions to and reclassifications out of accumulated other comprehensive income (loss) attributable to the Company were as follows: | |||||||||||
Fiscal year ended | |||||||||||
September 30, 2014(1) | |||||||||||
Foreign | Gains and | Total | |||||||||
currency | losses on | ||||||||||
translation | cash flow | ||||||||||
adjustments | hedges | ||||||||||
Balance at September 30, 2013 | $ | (9,683 | ) | $ | (3,901 | ) | $ | (13,584 | ) | ||
Other comprehensive income (loss) before reclassifications | (18,799 | ) | (2,166 | ) | (20,965 | ) | |||||
Amounts reclassified from accumulated other comprehensive income (loss)(2) | — | 5,346 | 5,346 | ||||||||
Balance at September 30, 2014 | $ | (28,482 | ) | $ | (721 | ) | $ | (29,203 | ) | ||
-1 | All amounts are net of tax, amounts in parentheses indicate debits. | ||||||||||
-2 | These (gains) losses are reclassified into Interest expense. See Note 11, Fair Value of Financial Instruments. | ||||||||||
Fiscal year ended | |||||||||||
September 30, 2013(1) | |||||||||||
Foreign | Gains and | Total | |||||||||
currency | losses on | ||||||||||
translation | cash flow | ||||||||||
adjustments | hedges | ||||||||||
Balance at September 30, 2012 | $ | (10,288 | ) | $ | (8,306 | ) | $ | (18,594 | ) | ||
Other comprehensive income (loss) before reclassifications | 605 | (3,499 | ) | (2,894 | ) | ||||||
Amounts reclassified from accumulated other comprehensive income (loss)(2) | — | 7,904 | 7,904 | ||||||||
Balance at September 30, 2013 | $ | (9,683 | ) | $ | (3,901 | ) | $ | (13,584 | ) | ||
-1 | All amounts are net of tax, amounts in parentheses indicate debits. | ||||||||||
-2 | These (gains) losses are reclassified into Interest expense. See Note 11, Fair Value of Financial Instruments. | ||||||||||
During the fiscal years ended September 30, 2014, 2013 and 2012 we recorded an (increase) decrease in our deferred tax liability relating to other comprehensive income (loss) incurred during the year of ($7,722), ($240) and $2,136, respectively. | |||||||||||
Business_and_Credit_Concentrat
Business and Credit Concentration | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Business and Credit Concentration | ' | |||||||||||||||||||
Business and Credit Concentration | ' | |||||||||||||||||||
18. Business and Credit Concentration | ||||||||||||||||||||
Financial instruments | ||||||||||||||||||||
Financial instruments which potentially subject us to credit risk consist primarily of cash and cash equivalents (the amounts of which may, at times, exceed Federal Deposit Insurance Corporation limits on insurable amounts), investments and trade accounts receivable. We mitigate our risk by investing in or through major financial institutions. | ||||||||||||||||||||
Customers | ||||||||||||||||||||
We perform on-going credit evaluations of our customers and adjust credit limits based upon payment history and the customers' current creditworthiness, as determined by review of their current credit information. Customers' account activity is continuously monitored. As a result of this review process, we record bad debt expense, which is based upon historical experience as well as specific customer collection issues that have been identified, to adjust the carrying amount of the related receivable to its estimated realizable value. While such bad debt expenses historically have been within expectations and the allowances established, if the financial condition of one or more of our customers were to deteriorate, additional bad debt provisions may be required. | ||||||||||||||||||||
One customer accounted for the following percentages of net sales for the fiscal years ended September 30: | ||||||||||||||||||||
Wholesale Segment | Total Consolidated | |||||||||||||||||||
Net Sales | Net Sales | |||||||||||||||||||
2014 | 2013 | 2012 | 2014 | 2013 | 2012 | |||||||||||||||
Customer A | 19 | % | 21 | % | 23 | % | 11 | % | 13 | % | 14 | % | ||||||||
The loss of this customer, or any of our other major customers, would have a material adverse effect on our consolidated results of operations if we were unable to replace such customer(s). | ||||||||||||||||||||
The following customers accounted for the following percentages of the Wholesale Segment's gross accounts receivable at fiscal years ended: | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Customer A | 13 | % | 12 | % | ||||||||||||||||
Customer B | 11 | % | 11 | % | ||||||||||||||||
Suppliers | ||||||||||||||||||||
During fiscal 2014, 2013 and 2012, no one supplier provided more than 10% of our raw material purchases. We do not believe that the loss of any single supplier would have a material adverse effect on our consolidated financial condition or results of operations. | ||||||||||||||||||||
Supplemental_Disclosure_of_Cas
Supplemental Disclosure of Cash Flow Information | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Supplemental Disclosure of Cash Flow Information | ' | ||||||||||
Supplemental Disclosure of Cash Flow Information | ' | ||||||||||
19. Supplemental Disclosure of Cash Flow Information | |||||||||||
2014 | 2013 | 2012 | |||||||||
Cash interest paid, net of capitalized interest | $ | 116,988 | $ | 125,803 | $ | 138,419 | |||||
Cash income taxes paid | $ | 48,824 | $ | 43,241 | $ | 73,638 | |||||
Non-cash investing and financing information: | |||||||||||
Acquisitions accounted for under the acquisition method: | |||||||||||
Fair value of assets acquired | $ | — | $ | 111,141 | $ | — | |||||
Liabilities assumed | — | (28,537 | ) | — | |||||||
Less: Cash acquired | — | (131 | ) | — | |||||||
Net cash paid | $ | — | $ | 82,473 | $ | — | |||||
Property, plant and equipment additions included in accounts payable | 9,488 | 8,242 | 11,986 | ||||||||
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||||
20. Segment Information | |||||||||||||||||||||||
We are organized by segments on a worldwide basis. We evaluate performance based on a number of factors; however, the primary measures of performance are the net sales and income or loss from operations (before corporate allocations) of each segment, as these are the key performance indicators that we review. Operating income or loss for each segment does not include the impact of any intercompany transfer pricing mark-up, corporate general and administrative expenses, interest expense and other miscellaneous income/expense items. Corporate general and administrative expenses include, but are not limited to, human resources, legal, finance, and various other corporate level activity related expenses. Such unallocated expenses remain within Corporate/Manufacturing. | |||||||||||||||||||||||
All of our products fall into one or more of these four segments: | |||||||||||||||||||||||
• | Wholesale—This segment sells products worldwide under various brand names and third-party private labels, each targeting specific market groups which include virtually all major mass merchandisers, club stores, drug store chains and supermarkets in the United States. This segment also sells products to independent pharmacies, health food stores, the military and other retailers. | ||||||||||||||||||||||
• | European Retail—This segment generates revenue through its 755 Holland & Barrett stores (including franchised stores in the following countries: 29 in China, 28 in Singapore, 11 in United Arab Emirates, 9 in Cyprus, four in Malta and one in each of Gibraltar and Iceland), 146 De Tuinen stores (including 6 franchised locations) in the Netherlands, 53 GNC branded UK stores, 47 Nature's Way stores in Ireland and 15 Essenza stores in Belgium, as well as internet-based sales from www.hollandandbarrett.com, www.hollandandbarrett.co.uk, www.hollandandbarrett.ie, www.detuinen.nl and www.gnc.co.uk. Such revenue consists of sales of proprietary brand and third-party products as well as franchise fees. | ||||||||||||||||||||||
• | Direct Response/E-Commerce—This segment generates revenue through the sale of proprietary brand and third-party products primarily through mail order catalog and the internet under the Puritan's Pride tradename. Catalogs are strategically mailed to customers who order by mail, internet, or phone. | ||||||||||||||||||||||
• | North American Retail—This segment generates revenue through its 414 owned and operated Vitamin World stores selling proprietary brand and third-party products, as well as internet-based sales from www.vitaminworld.com. | ||||||||||||||||||||||
The following table represents key financial information of our business segments: | |||||||||||||||||||||||
Total Reportable Business Segments | |||||||||||||||||||||||
Wholesale | European | Direct | North | Total | Corporate / | Consolidated | |||||||||||||||||
Retail | Response/ | American | Manufacturing | ||||||||||||||||||||
E-Commerce | Retail | ||||||||||||||||||||||
Fiscal 2014: | |||||||||||||||||||||||
Net sales | $ | 1,879,481 | $ | 850,797 | $ | 250,224 | $ | 225,276 | $ | 3,205,778 | $ | — | $ | 3,205,778 | |||||||||
Income (loss) from operations(1) | 177,069 | 191,207 | (141,660 | ) | (26,975 | ) | 199,641 | (96,901 | ) | 102,740 | |||||||||||||
Depreciation and amortization | 36,092 | 18,048 | 11,319 | 3,344 | 68,803 | 37,754 | 106,557 | ||||||||||||||||
Capital expenditures | 482 | 42,315 | 1,456 | 14,095 | 58,348 | 46,859 | 105,207 | ||||||||||||||||
Fiscal 2013: | |||||||||||||||||||||||
Net sales | $ | 1,938,921 | $ | 743,861 | $ | 246,731 | $ | 233,528 | $ | 3,163,041 | $ | — | $ | 3,163,041 | |||||||||
Income (loss) from operations(2) | 231,812 | 170,479 | 39,104 | 24,538 | 465,933 | (136,168 | ) | 329,765 | |||||||||||||||
Depreciation and amortization | 36,517 | 14,320 | 10,137 | 2,708 | 63,682 | 46,954 | 110,636 | ||||||||||||||||
Capital expenditures | 971 | 27,198 | 4,411 | 5,557 | 38,137 | 91,083 | 129,220 | ||||||||||||||||
Fiscal 2012: | |||||||||||||||||||||||
Net sales | $ | 1,826,780 | $ | 699,675 | $ | 239,409 | $ | 233,869 | $ | 2,999,733 | $ | — | $ | 2,999,733 | |||||||||
Income (loss) from operations | 241,504 | 157,540 | 46,179 | 26,758 | 471,981 | (77,611 | ) | 394,370 | |||||||||||||||
Depreciation and amortization | 39,692 | 13,988 | 10,504 | 3,196 | 67,380 | 34,891 | 102,271 | ||||||||||||||||
Capital expenditures | 804 | 22,428 | 131 | 596 | 23,959 | 62,355 | 86,314 | ||||||||||||||||
-1 | Includes charges of $171,590 and $35,744 for the Direct Response/E-Commerce and North American Retail segments, respectively, relating to the goodwill and intangible asset impairment charges (see Note 8). | ||||||||||||||||||||||
-2 | Includes charges of $32,695 relating to the facility restructuring (see Note 3) and $12,000 relating to the accrual of an anticipated legal settlement (see Note 12). | ||||||||||||||||||||||
Total assets by segment as of September 30 are as follows: | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Reportable Business Segments: | |||||||||||||||||||||||
Wholesale | $ | 2,581,069 | $ | 2,553,857 | |||||||||||||||||||
European Retail | 948,010 | 924,979 | |||||||||||||||||||||
Direct Response / E-Commerce | 512,642 | 692,685 | |||||||||||||||||||||
North American Retail | 107,442 | 119,395 | |||||||||||||||||||||
Total Reportable Business Segments: | 4,149,163 | 4,290,916 | |||||||||||||||||||||
Corporate / Manufacturing | 728,559 | 782,400 | |||||||||||||||||||||
Consolidated assets | $ | 4,877,722 | $ | 5,073,316 | |||||||||||||||||||
Total net sales by location of customer for the fiscal years ended September 30, are as follows: | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||
United States | $ | 1,934,668 | $ | 2,024,178 | $ | 1,938,751 | |||||||||||||||||
United Kingdom | 767,173 | 675,378 | 641,752 | ||||||||||||||||||||
Canada | 118,814 | 129,476 | 111,047 | ||||||||||||||||||||
Netherlands | 116,107 | 98,673 | 84,167 | ||||||||||||||||||||
Ireland | 40,235 | 36,655 | 33,341 | ||||||||||||||||||||
Other foreign countries | 228,781 | 198,681 | 190,675 | ||||||||||||||||||||
Consolidated net sales | $ | 3,205,778 | $ | 3,163,041 | $ | 2,999,733 | |||||||||||||||||
Long-lived assets—Property, plant and equipment as of September 30, are as follows: | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
United States | $ | 399,296 | $ | 397,464 | |||||||||||||||||||
United Kingdom | 146,814 | 124,666 | |||||||||||||||||||||
Netherlands | 15,778 | 13,768 | |||||||||||||||||||||
Ireland | 4,454 | 5,486 | |||||||||||||||||||||
Canada | 10,687 | 11,752 | |||||||||||||||||||||
Other foreign countries | 20,173 | 18,393 | |||||||||||||||||||||
Consolidated long-lived assets | $ | 597,202 | $ | 571,529 | |||||||||||||||||||
Approximately 35%, 32% and 31% of our net sales for the fiscal years ended September 30, 2014, 2013 and 2012, respectively, were denominated in currencies other than U.S. dollars, principally British pounds, euros, Renminbi and Canadian dollars. A significant weakening of such currencies versus the U.S. dollar could have a material adverse effect on the Company, as this would result in a decrease in our consolidated operating results. | |||||||||||||||||||||||
Foreign subsidiaries accounted for the following percentages of total assets and total liabilities as of September 30: | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Total Assets | 27 | % | 26 | % | |||||||||||||||||||
Total Liabilities | 6 | % | 3 | % | |||||||||||||||||||
Condensed_Consolidating_Financ
Condensed Consolidating Financial Statements of Guarantors | 12 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||
Condensed Consolidating Financial Statements of Guarantors | ' | |||||||||||||||||||||||||
Condensed Consolidating Financial Statements of Guarantors | ' | |||||||||||||||||||||||||
21. Condensed Consolidating Financial Statements of Guarantors | ||||||||||||||||||||||||||
The Notes were issued by NBTY and are guaranteed by each of its current and future direct and indirect 100% owned subsidiaries, subject to certain exceptions. These guarantees are full, unconditional and joint and several. The following condensed consolidating financial information presents: | ||||||||||||||||||||||||||
1 | Condensed consolidating financial statements as of September 30, 2014 and 2013 and for the fiscal years ended September 30, 2014, 2013 and 2012 of (a) NBTY, the parent and issuer, (b) the guarantor subsidiaries, (c) the non-guarantor subsidiaries and (d) NBTY on a consolidated basis; and | |||||||||||||||||||||||||
2 | Elimination entries necessary to consolidate NBTY, the parent, with guarantor and non-guarantor subsidiaries. | |||||||||||||||||||||||||
The condensed consolidating financial statements are presented using the equity method of accounting for investments in wholly owned subsidiaries. Under this method, the investments in subsidiaries are recorded at cost and adjusted for our share of the subsidiaries' cumulative results of operations, other comprehensive income, capital contributions, distributions and other equity changes. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. For cashflow presentation purposes, cash transfers between the Guarantors and Nonguarantors (the "Operating Entities") are presented as operating activities and cash transfers between the Parent and the Operating Entities are presented as financing cashflows, unless the cash transfers relate to a statutorily recorded dividend or a formally documented loan agreement. Cash transfers which are statutorily recorded as dividends are presented as a financing outflow by the remitting entity and an operating inflow for the receiving entity, provided that the dividends remitted do not exceed the cumulative earnings of the remitting entity. Cash transfers related to formally documented loans are treated as financing activities for all entities that are party to the transfer. This financial information should be read in conjunction with the financial statements and other notes related thereto. | ||||||||||||||||||||||||||
We revised the presentation of certain amounts related to the application of push-down accounting in connection with the acquisition of the Company by Carlyle on October 1, 2010 which resulted in a revised presentation of a debt balance and the associated intercompany interest between the parent and guarantors and the presentation of certain transactions previously reflected as intercompany activities as equity transactions. In addition, we revised the cash flow presentation for dividends remitted from the non-guarantor subsidiaries as well as funds remitted from the guarantor to the parent. Furthermore, we revised the consolidating statements of operations and comprehensive income (loss) to reflect the earnings of certain non-guarantor entities within the guarantor's operations, with a corresponding offset in the eliminations column. These revisions impacted the consolidating balance sheet as of September 30, 2013, the consolidating statements of operations and comprehensive income (loss) and cash flows for the fiscal years ended September 30, 2013 and 2012. The revisions to this supplemental information did not impact any amounts reported in our previously issued Consolidated Financial Statements. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108, we assessed the materiality of these revisions and concluded that the revisions were not material to any of our previously issued consolidating financial statements. | ||||||||||||||||||||||||||
NBTY, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 77,550 | $ | 751 | $ | 61,187 | $ | 139,488 | ||||||||||||||||||
Accounts receivable, net | — | 130,749 | 44,952 | 175,701 | ||||||||||||||||||||||
Intercompany | 30,425 | — | 32,102 | (62,527 | ) | — | ||||||||||||||||||||
Inventories | — | 650,484 | 202,742 | — | 853,226 | |||||||||||||||||||||
Deferred income taxes | — | 27,002 | 1,913 | — | 28,915 | |||||||||||||||||||||
Other current assets | 19,932 | 18,049 | 40,843 | — | 78,824 | |||||||||||||||||||||
Total current assets | 127,907 | 827,035 | 383,739 | (62,527 | ) | 1,276,154 | ||||||||||||||||||||
Property, plant and equipment, net | 95,022 | 304,274 | 197,906 | — | 597,202 | |||||||||||||||||||||
Goodwill | — | 726,354 | 436,928 | — | 1,163,282 | |||||||||||||||||||||
Other intangible assets, net | — | 1,439,374 | 352,218 | — | 1,791,592 | |||||||||||||||||||||
Other assets | 41,286 | 8,115 | 91 | — | 49,492 | |||||||||||||||||||||
Intercompany loan receivable | 2,497,343 | 1,060,793 | — | (3,558,136 | ) | — | ||||||||||||||||||||
Investments in subsidiaries | 2,037,163 | 148,921 | — | (2,186,084 | ) | — | ||||||||||||||||||||
Total assets | $ | 4,798,721 | $ | 4,514,866 | $ | 1,370,882 | $ | (5,806,747 | ) | $ | 4,877,722 | |||||||||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 261 | $ | — | $ | 261 | ||||||||||||||||
Accounts payable | — | 140,761 | 87,116 | — | 227,877 | |||||||||||||||||||||
Intercompany | — | 62,527 | — | (62,527 | ) | — | ||||||||||||||||||||
Accrued expenses and other current liabilities | 34,282 | 112,136 | 74,638 | — | 221,056 | |||||||||||||||||||||
Total current liabilities | 34,282 | 315,424 | 162,015 | (62,527 | ) | 449,194 | ||||||||||||||||||||
Intercompany loan payable | 1,060,793 | 2,157,500 | 339,843 | (3,558,136 | ) | — | ||||||||||||||||||||
Long-term debt, net of current portion | 2,157,500 | — | 587 | — | 2,158,087 | |||||||||||||||||||||
Deferred income taxes | 22,280 | 586,116 | 99,566 | — | 707,962 | |||||||||||||||||||||
Other liabilities | 14,773 | 13,732 | 24,881 | — | 53,386 | |||||||||||||||||||||
Total liabilities | 3,289,628 | 3,072,772 | 626,892 | (3,620,663 | ) | 3,368,629 | ||||||||||||||||||||
Commitments and contingencies | ||||||||||||||||||||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Common stock | — | — | — | — | — | |||||||||||||||||||||
Capital in excess of par | 1,561,014 | 1,358,862 | 739,911 | (2,098,773 | ) | 1,561,014 | ||||||||||||||||||||
(Accumulated deficit) retained earnings | (22,718 | ) | 89,265 | 24,570 | (113,835 | ) | (22,718 | ) | ||||||||||||||||||
Accumulated other comprehensive income (loss) | (29,203 | ) | (6,033 | ) | (20,491 | ) | 26,524 | (29,203 | ) | |||||||||||||||||
Total stockholder's equity | 1,509,093 | 1,442,094 | 743,990 | (2,186,084 | ) | 1,509,093 | ||||||||||||||||||||
Total liabilities and stockholder's equity | $ | 4,798,721 | $ | 4,514,866 | $ | 1,370,882 | $ | (5,806,747 | ) | $ | 4,877,722 | |||||||||||||||
NBTY, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 81,356 | $ | 35,357 | $ | 81,848 | $ | — | $ | 198,561 | ||||||||||||||||
Accounts receivable, net | — | 127,894 | 43,776 | — | 171,670 | |||||||||||||||||||||
Intercompany | 34,549 | — | 29,082 | (63,631 | ) | — | ||||||||||||||||||||
Inventories | — | 561,276 | 178,676 | — | 739,952 | |||||||||||||||||||||
Deferred income taxes | — | 23,004 | 633 | — | 23,637 | |||||||||||||||||||||
Other current assets | 19,033 | 24,104 | 35,442 | — | 78,579 | |||||||||||||||||||||
Total current assets | 134,938 | 771,635 | 369,457 | (63,631 | ) | 1,212,399 | ||||||||||||||||||||
Property, plant and equipment, net | 88,612 | 308,852 | 174,065 | — | 571,529 | |||||||||||||||||||||
Goodwill | — | 813,688 | 447,114 | — | 1,260,802 | |||||||||||||||||||||
Other intangible assets, net | — | 1,601,964 | 358,388 | — | 1,960,352 | |||||||||||||||||||||
Other assets | 61,218 | 6,937 | 79 | — | 68,234 | |||||||||||||||||||||
Intercompany loan receivable | 2,480,760 | 1,091,982 | — | (3,572,742 | ) | — | ||||||||||||||||||||
Investments in subsidiaries | 2,180,814 | 152,680 | — | (2,333,494 | ) | — | ||||||||||||||||||||
Total assets | $ | 4,946,342 | $ | 4,747,738 | $ | 1,349,103 | $ | (5,969,867 | ) | $ | 5,073,316 | |||||||||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 376 | $ | — | $ | 376 | ||||||||||||||||
Accounts payable | — | 195,712 | 63,348 | — | 259,060 | |||||||||||||||||||||
Intercompany | — | 63,631 | — | (63,631 | ) | — | ||||||||||||||||||||
Accrued expenses and other current liabilities | 38,407 | 109,865 | 71,494 | — | 219,766 | |||||||||||||||||||||
Total current liabilities | 38,407 | 369,208 | 135,218 | (63,631 | ) | 479,202 | ||||||||||||||||||||
Intercompany loan payable | 1,091,982 | 2,157,500 | 323,260 | (3,572,742 | ) | — | ||||||||||||||||||||
Long-term debt, net of current portion | 2,157,500 | — | 905 | — | 2,158,405 | |||||||||||||||||||||
Deferred income taxes | 14,151 | 637,726 | 99,542 | — | 751,419 | |||||||||||||||||||||
Other liabilities | 19,463 | 14,650 | 25,338 | — | 59,451 | |||||||||||||||||||||
Total liabilities | 3,321,503 | 3,179,084 | 584,263 | (3,636,373 | ) | 3,448,477 | ||||||||||||||||||||
Commitments and contingencies | ||||||||||||||||||||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Common stock | — | — | — | — | — | |||||||||||||||||||||
Capital in excess of par | 1,556,926 | 1,358,862 | 733,411 | (2,092,273 | ) | 1,556,926 | ||||||||||||||||||||
Retained earnings | 81,497 | 216,501 | 30,198 | (246,699 | ) | 81,497 | ||||||||||||||||||||
Accumulated other comprehensive income (loss) | (13,584 | ) | (6,709 | ) | 1,231 | 5,478 | (13,584 | ) | ||||||||||||||||||
Total stockholder's equity | 1,624,839 | 1,568,654 | 764,840 | (2,333,494 | ) | 1,624,839 | ||||||||||||||||||||
Total liabilities and stockholder's equity | $ | 4,946,342 | $ | 4,747,738 | $ | 1,349,103 | $ | (5,969,867 | ) | $ | 5,073,316 | |||||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2014 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,158,213 | $ | 1,160,397 | $ | (112,832 | ) | $ | 3,205,778 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,339,925 | 513,324 | (112,832 | ) | 1,740,417 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 163,894 | 38,860 | — | 202,754 | |||||||||||||||||||||
Selling, general and administrative | 96,771 | 459,309 | 396,453 | — | 952,533 | |||||||||||||||||||||
Goodwill and intangible asset impairment charges | — | 207,334 | — | — | 207,334 | |||||||||||||||||||||
96,771 | 2,170,462 | 948,637 | (112,832 | ) | 3,103,038 | |||||||||||||||||||||
Income (loss) from operations | (96,771 | ) | (12,249 | ) | 211,760 | — | 102,740 | |||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 157,567 | (137,589 | ) | (19,978 | ) | — | — | |||||||||||||||||||
Interest | (137,589 | ) | 1,106 | 445 | — | (136,038 | ) | |||||||||||||||||||
Miscellaneous, net | 1,497 | (1,665 | ) | (541 | ) | — | (709 | ) | ||||||||||||||||||
21,475 | (138,148 | ) | (20,074 | ) | — | (136,747 | ) | |||||||||||||||||||
Income (loss) before income taxes | (75,296 | ) | (150,397 | ) | 191,686 | — | (34,007 | ) | ||||||||||||||||||
Provision (benefit) for income taxes | (10,816 | ) | (24,416 | ) | 45,377 | — | 10,145 | |||||||||||||||||||
Equity in income of subsidiaries | 20,328 | 24,086 | — | (44,414 | ) | — | ||||||||||||||||||||
Net income (loss) | (44,152 | ) | (101,895 | ) | 146,309 | (44,414 | ) | (44,152 | ) | |||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | (18,799 | ) | (2,503 | ) | (21,722 | ) | 24,225 | (18,799 | ) | |||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 3,180 | 3,180 | — | (3,180 | ) | 3,180 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | (15,619 | ) | 677 | (21,722 | ) | 21,045 | (15,619 | ) | ||||||||||||||||||
Comprehensive income (loss) | $ | (59,771 | ) | $ | (101,218 | ) | $ | 124,587 | $ | (23,369 | ) | $ | (59,771 | ) | ||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,226,010 | $ | 1,040,601 | $ | (103,570 | ) | $ | 3,163,041 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,343,613 | 460,866 | (103,570 | ) | 1,700,909 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 153,418 | 36,067 | — | 189,485 | |||||||||||||||||||||
Selling, general and administrative | 103,625 | 458,065 | 348,497 | — | 910,187 | |||||||||||||||||||||
Facility restructuring charges | — | 32,695 | 32,695 | |||||||||||||||||||||||
103,625 | 1,987,791 | 845,430 | (103,570 | ) | 2,833,276 | |||||||||||||||||||||
Income (loss) from operations | (103,625 | ) | 238,219 | 195,171 | — | 329,765 | ||||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 162,091 | (147,676 | ) | (14,415 | ) | — | — | |||||||||||||||||||
Interest | (147,676 | ) | — | 576 | — | (147,100 | ) | |||||||||||||||||||
Miscellaneous, net | (341 | ) | 9,532 | (7,498 | ) | — | 1,693 | |||||||||||||||||||
14,074 | (138,144 | ) | (21,337 | ) | — | (145,407 | ) | |||||||||||||||||||
Income (loss) before income taxes | (89,551 | ) | 100,075 | 173,834 | — | 184,358 | ||||||||||||||||||||
Provision (benefit) for income taxes | (26,871 | ) | 33,075 | 48,674 | — | 54,878 | ||||||||||||||||||||
Equity in income of subsidiaries | 192,160 | 20,010 | — | (212,170 | ) | — | ||||||||||||||||||||
Net income (loss) | 129,480 | 87,010 | 125,160 | (212,170 | ) | 129,480 | ||||||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | 605 | (2,950 | ) | 2,191 | 759 | 605 | ||||||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 4,405 | 4,405 | — | (4,405 | ) | 4,405 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | 5,010 | 1,455 | 2,191 | (3,646 | ) | 5,010 | ||||||||||||||||||||
Comprehensive income (loss) | $ | 134,490 | $ | 88,465 | $ | 127,351 | $ | (215,816 | ) | $ | 134,490 | |||||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,173,443 | $ | 947,941 | $ | (121,651 | ) | $ | 2,999,733 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,303,122 | 426,965 | (121,651 | ) | 1,608,436 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 134,076 | 30,222 | — | 164,298 | |||||||||||||||||||||
Selling, general and administrative | 77,156 | 431,047 | 324,426 | — | 832,629 | |||||||||||||||||||||
77,156 | 1,868,245 | 781,613 | (121,651 | ) | 2,605,363 | |||||||||||||||||||||
Income (loss) from operations | (77,156 | ) | 305,198 | 166,328 | — | 394,370 | ||||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 163,353 | (158,584 | ) | (4,769 | ) | — | — | |||||||||||||||||||
Interest | (158,584 | ) | — | — | — | (158,584 | ) | |||||||||||||||||||
Miscellaneous, net | 365 | 1,564 | (2,932 | ) | — | (1,003 | ) | |||||||||||||||||||
5,134 | (157,020 | ) | (7,701 | ) | — | (159,587 | ) | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | (72,022 | ) | 148,178 | 158,627 | — | 234,783 | ||||||||||||||||||||
(Benefit) provision for income taxes | (27,021 | ) | 47,870 | 44,415 | — | 65,264 | ||||||||||||||||||||
Equity in income of subsidiaries | 191,472 | 16,525 | — | (207,997 | ) | — | ||||||||||||||||||||
Income (loss) from continuing operations | 146,471 | 116,833 | 114,212 | (207,997 | ) | 169,519 | ||||||||||||||||||||
Loss from discontinued operations, net of income taxes | — | — | (23,048 | ) | — | (23,048 | ) | |||||||||||||||||||
Net income (loss) | 146,471 | 116,833 | 91,164 | (207,997 | ) | 146,471 | ||||||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | 16,740 | 2,500 | 13,193 | (15,693 | ) | 16,740 | ||||||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 2,431 | 2,431 | — | (2,431 | ) | 2,431 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | 19,171 | 4,931 | 13,193 | (18,124 | ) | 19,171 | ||||||||||||||||||||
Comprehensive income (loss) | $ | 165,642 | $ | 121,764 | $ | 104,357 | $ | (226,121 | ) | $ | 165,642 | |||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2014 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net (loss) income | $ | (44,152 | ) | $ | (101,895 | ) | $ | 146,309 | $ | (44,414 | ) | $ | (44,152 | ) | ||||||||||||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (20,328 | ) | (24,086 | ) | — | 44,414 | — | |||||||||||||||||||
Impairments and disposals of assets | — | 213,314 | 1,499 | — | 214,813 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 11,956 | 28,234 | 20,340 | — | 60,530 | |||||||||||||||||||||
Amortization of intangible assets | — | 42,590 | 3,437 | — | 46,027 | |||||||||||||||||||||
Foreign currency transaction loss (gain) | — | 1,372 | 330 | — | 1,702 | |||||||||||||||||||||
Amortization and write-off of financing fees | 19,033 | — | — | — | 19,033 | |||||||||||||||||||||
Stock-based compensation | 3,521 | 185 | 382 | — | 4,088 | |||||||||||||||||||||
Allowance for doubtful accounts | — | 407 | 581 | — | 988 | |||||||||||||||||||||
Inventory reserves | — | 2,874 | 3,132 | — | 6,006 | |||||||||||||||||||||
Deferred income taxes | — | (49,158 | ) | 277 | — | (48,881 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||
Accounts receivable | — | (3,956 | ) | (2,744 | ) | — | (6,700 | ) | ||||||||||||||||||
Inventories | — | (88,597 | ) | (34,474 | ) | — | (123,071 | ) | ||||||||||||||||||
Other assets | — | 7,451 | (7,079 | ) | — | 372 | ||||||||||||||||||||
Accounts payable | — | (56,196 | ) | 25,264 | — | (30,932 | ) | |||||||||||||||||||
Accrued expenses and other liabilities | — | (973 | ) | 3,894 | — | 2,921 | ||||||||||||||||||||
Dividends received | 126,596 | 25,341 | — | (151,937 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | (545 | ) | 545 | — | — | ||||||||||||||||||||
Cash (used in) provided by operating activities | 96,626 | (3,638 | ) | 161,693 | (151,937 | ) | 102,744 | |||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (22,031 | ) | (34,701 | ) | (48,475 | ) | — | (105,207 | ) | |||||||||||||||||
Proceeds from sale of building | — | 7,178 | 10 | — | 7,188 | |||||||||||||||||||||
Investment in subsidiary | (6,500 | ) | — | — | 6,500 | — | ||||||||||||||||||||
Net cash used in investing activities | (28,531 | ) | (27,523 | ) | (48,465 | ) | 6,500 | (98,019 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term agreements | — | — | (378 | ) | — | (378 | ) | |||||||||||||||||||
Dividends paid | (60,063 | ) | — | (151,937 | ) | 151,937 | (60,063 | ) | ||||||||||||||||||
Capital contribution | — | — | 6,500 | (6,500 | ) | — | ||||||||||||||||||||
Intercompany accounts | (11,838 | ) | (3,445 | ) | 15,283 | — | — | |||||||||||||||||||
Net cash used in financing activities | (71,901 | ) | (3,445 | ) | (130,532 | ) | 145,437 | (60,441 | ) | |||||||||||||||||
Effect of exchange rate changes on cash | — | — | (3,357 | ) | — | (3,357 | ) | |||||||||||||||||||
Net decrease in cash and cash equivalents | (3,806 | ) | (34,606 | ) | (20,661 | ) | — | (59,073 | ) | |||||||||||||||||
Cash and cash equivalents at beginning of year | 81,356 | 35,357 | 81,848 | — | 198,561 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 77,550 | $ | 751 | $ | 61,187 | $ | — | $ | 139,488 | ||||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2013 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net (loss) income | $ | 129,480 | $ | 87,010 | $ | 125,160 | $ | (212,170 | ) | $ | 129,480 | |||||||||||||||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (192,160 | ) | (20,010 | ) | — | 212,170 | — | |||||||||||||||||||
Impairments and disposals of assets | — | 5,014 | 255 | — | 5,269 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 8,213 | 40,124 | 16,546 | — | 64,883 | |||||||||||||||||||||
Amortization of intangible assets | — | 42,341 | 3,412 | — | 45,753 | |||||||||||||||||||||
Foreign currency transaction loss (gain) | (745 | ) | — | (201 | ) | — | (946 | ) | ||||||||||||||||||
Amortization and write-off of financing fees | 22,504 | — | — | — | 22,504 | |||||||||||||||||||||
Stock-based compensation | 1,845 | 72 | 126 | — | 2,043 | |||||||||||||||||||||
Allowance for doubtful accounts | — | (2,587 | ) | — | — | (2,587 | ) | |||||||||||||||||||
Amortization of incremental inventory fair value | — | 2,417 | — | — | 2,417 | |||||||||||||||||||||
Inventory reserves | — | 2,042 | — | — | 2,042 | |||||||||||||||||||||
Deferred income taxes | — | 5,293 | — | — | 5,293 | |||||||||||||||||||||
Call premium on term loan | (15,075 | ) | — | — | — | (15,075 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||
Accounts receivable | — | 9,126 | (13,822 | ) | — | (4,696 | ) | |||||||||||||||||||
Inventories | — | (11,297 | ) | (3,053 | ) | — | (14,350 | ) | ||||||||||||||||||
Other assets | — | 1,721 | (5,454 | ) | — | (3,733 | ) | |||||||||||||||||||
Accounts payable | — | 42,331 | 3,422 | — | 45,753 | |||||||||||||||||||||
Accrued expenses and other liabilities | — | 20,544 | 6,982 | — | 27,526 | |||||||||||||||||||||
Dividends received | 62,010 | 27,589 | — | (89,599 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | 44,124 | (44,124 | ) | — | — | ||||||||||||||||||||
Net cash provided by operating activities | 16,072 | 295,854 | 89,249 | (89,599 | ) | 311,576 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (35,186 | ) | (59,039 | ) | (34,995 | ) | — | (129,220 | ) | |||||||||||||||||
Proceeds from sale of building | 7,548 | — | — | — | 7,548 | |||||||||||||||||||||
Cash paid for acquisitions, net of cash acquired | (77,936 | ) | (4,537 | ) | — | — | (82,473 | ) | ||||||||||||||||||
Cash used in investing activities | (105,574 | ) | (63,576 | ) | (34,995 | ) | — | (204,145 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term agreements | — | — | (603 | ) | — | (603 | ) | |||||||||||||||||||
Proceeds from borrowings under the revolver | 80,000 | — | — | — | 80,000 | |||||||||||||||||||||
Paydowns of borrowings under the revolver | (80,000 | ) | — | — | — | (80,000 | ) | |||||||||||||||||||
Payments for financing fees | (7,387 | ) | — | — | — | (7,387 | ) | |||||||||||||||||||
Dividends paid | (216,926 | ) | — | (89,599 | ) | 89,599 | (216,926 | ) | ||||||||||||||||||
Intercompany | 211,510 | (211,510 | ) | — | — | — | ||||||||||||||||||||
Net cash used in financing activities | (12,803 | ) | (211,510 | ) | (90,202 | ) | 89,599 | (224,916 | ) | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 910 | — | 910 | |||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (102,305 | ) | 20,768 | (35,038 | ) | — | (116,575 | ) | ||||||||||||||||||
Cash and cash equivalents at beginning of year | 183,661 | 14,589 | 116,886 | — | 315,136 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 81,356 | $ | 35,357 | $ | 81,848 | $ | — | $ | 198,561 | ||||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2012 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net income | $ | 146,471 | $ | 116,833 | $ | 91,164 | $ | (207,997 | ) | $ | 146,471 | |||||||||||||||
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (191,472 | ) | (16,525 | ) | — | 207,997 | — | |||||||||||||||||||
Impairments and disposals of assets, net | — | 266 | 498 | — | 764 | |||||||||||||||||||||
Loss from discontinued operations | — | — | 23,048 | — | 23,048 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 5,275 | 37,603 | 15,433 | — | 58,311 | |||||||||||||||||||||
Amortization of intangible assets | — | 40,680 | 3,280 | — | 43,960 | |||||||||||||||||||||
Foreign currency transaction gain | (12 | ) | — | (277 | ) | — | (289 | ) | ||||||||||||||||||
Stock-based compensation | 2,482 | 72 | 126 | — | 2,680 | |||||||||||||||||||||
Amortization and write-off of deferred charges | 23,700 | — | — | — | 23,700 | |||||||||||||||||||||
Allowance for doubtful accounts | — | 297 | — | — | 297 | |||||||||||||||||||||
Inventory reserves | — | (2,652 | ) | — | — | (2,652 | ) | |||||||||||||||||||
Deferred income taxes | — | (23,852 | ) | 6,795 | — | (17,057 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisition: | ||||||||||||||||||||||||||
Accounts receivable | — | (18,843 | ) | (3,537 | ) | — | (22,380 | ) | ||||||||||||||||||
Inventories | — | (28,139 | ) | (16,651 | ) | — | (44,790 | ) | ||||||||||||||||||
Other assets | — | 2,066 | (4,213 | ) | — | (2,147 | ) | |||||||||||||||||||
Accounts payable | — | 14,220 | 1,877 | — | 16,097 | |||||||||||||||||||||
Accrued expenses and other liabilities | — | (14,924 | ) | 20,415 | — | 5,491 | ||||||||||||||||||||
Dividends recevied | 145,174 | 3,186 | — | (148,360 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | (22,778 | ) | 22,778 | — | — | ||||||||||||||||||||
Cash provided by operating activities of continuing operations | 131,618 | 87,510 | 160,736 | (148,360 | ) | 231,504 | ||||||||||||||||||||
Cash provided by operating activities of discontinued operations | — | — | 2,546 | — | 2,546 | |||||||||||||||||||||
Net cash provided by operating activities | 131,618 | 87,510 | 163,282 | (148,360 | ) | 234,050 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (20,287 | ) | (41,182 | ) | (24,845 | ) | — | (86,314 | ) | |||||||||||||||||
Net proceeds from sale of discontinued operations | 515 | — | — | — | 515 | |||||||||||||||||||||
Net cash used in investing activities of continuing operations | (19,772 | ) | (41,182 | ) | (24,845 | ) | — | (85,799 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term debt agreements and capital leases | (224,325 | ) | — | (5,050 | ) | — | (229,375 | ) | ||||||||||||||||||
Capital contribution | 15 | — | — | — | 15 | |||||||||||||||||||||
Dividends paid | — | — | (148,360 | ) | 148,360 | — | ||||||||||||||||||||
Intercompany | 35,027 | (35,027 | ) | — | — | — | ||||||||||||||||||||
Net cash used in financing activities | (189,283 | ) | (35,027 | ) | (153,410 | ) | 148,360 | (229,360 | ) | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 1,839 | — | 1,839 | |||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (77,437 | ) | 11,301 | (13,134 | ) | — | (79,270 | ) | ||||||||||||||||||
Change in cash for discontinued operations | — | — | 1,071 | — | 1,071 | |||||||||||||||||||||
Cash and cash equivalents at beginning of year | 261,098 | 3,288 | 128,949 | — | 393,335 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 183,661 | $ | 14,589 | $ | 116,886 | $ | — | $ | 315,136 | ||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor | Eliminations | |||||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||||
($ in millions) | As Reported | As Revised | As Reported | As Revised | As Reported | As Revised | As Reported | As Revised | ||||||||||||||||||
Consolidating Balance sheets as of September 30, 2013 | ||||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||
Intercompany | $ | 857.7 | $ | 34.5 | $ | — | $ | — | $ | 264.1 | $ | 29.1 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Other current assets | $ | — | $ | 19 | $ | 43.1 | $ | 24.1 | $ | 35.4 | $ | 35.4 | $ | — | $ | — | ||||||||||
Total current assets | $ | 939 | $ | 134.9 | $ | 790.7 | $ | 771.6 | $ | 604.4 | $ | 369.5 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Other assets | 61.2 | 68.2 | 6.9 | 0.1 | 0.1 | |||||||||||||||||||||
$ | — | $ | $ | $ | $ | $ | $ | — | $ | — | ||||||||||||||||
Intercompany | $ | 323.3 | $ | 2,480.80 | $ | — | $ | 1,092.00 | $ | — | $ | — | $ | (323.3 | ) | $ | (3,572.7 | ) | ||||||||
Investments in subsidiaries | $ | 3,211.10 | $ | 2,180.80 | $ | — | $ | 152.7 | $ | — | $ | — | $ | (3,211.1 | ) | $ | (2,333.5 | ) | ||||||||
Total assets | $ | 4,562.00 | $ | 4,946.30 | $ | 3,583.30 | $ | 4,747.70 | $ | 1,584.10 | $ | 1,349.10 | $ | (4,656.1 | ) | $ | (5,969.9 | ) | ||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Intercompany | $ | — | $ | — | $ | 1,121.80 | $ | 63.6 | $ | — | $ | — | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Total current liabilities | $ | 38.4 | $ | 38.4 | $ | 1,427.30 | $ | 369.2 | $ | 135.2 | $ | 135.2 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Intercompany | 1,092.00 | 2,157.50 | 323.3 | 323.3 | (323.3 | (3,572.7 | ||||||||||||||||||||
$ | — | $ | $ | — | $ | $ | $ | $ | ) | $ | ) | |||||||||||||||
Deferred income taxes | $ | 721.8 | $ | 14.2 | $ | 22 | $ | 637.7 | $ | 7.5 | $ | 99.5 | $ | — | $ | — | ||||||||||
Total liabilities | $ | 2,937.20 | $ | 3,321.50 | $ | 1,464.00 | $ | 3,179.00 | $ | 492.3 | $ | 584.3 | $ | (1,445.0 | ) | $ | (3,636.4 | ) | ||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Capital in excess of par | $ | 1,556.90 | $ | 1,556.90 | $ | 352 | $ | 1,358.90 | $ | 301.3 | $ | 733.4 | $ | (653.3 | ) | $ | (2,092.3 | ) | ||||||||
Retained earnings | $ | 81.5 | $ | 81.5 | $ | 1,767.30 | $ | 216.5 | $ | 789.3 | $ | 30.2 | $ | (2,556.6 | ) | $ | (246.7 | ) | ||||||||
Accumulated other comprehensive income (loss) | $ | (13.6 | ) | $ | (13.6 | ) | $ | — | $ | (6.7 | ) | $ | 1.2 | $ | 1.2 | $ | (1.2 | ) | $ | 5.5 | ||||||
Total stockholder's equity | $ | 1,624.80 | $ | 1,624.80 | $ | 2,119.30 | $ | 1,568.70 | $ | 1,091.80 | $ | 764.8 | $ | (3,211.1 | ) | $ | (2,333.5 | ) | ||||||||
Total liabilities and stockholder's equity | $ | 4,562.00 | $ | 4,946.30 | $ | 3,583.30 | $ | 4,747.70 | $ | 1,584.10 | $ | 1,349.10 | $ | (4,656.1 | ) | $ | (5,969.9 | ) | ||||||||
Consolidating Statements of Operations and Comprehensive Income (Loss) for the year ended September 30, 2013 | ||||||||||||||||||||||||||
Selling, general and administrative | 103.6 | 103.6 | 458.1 | 458.1 | 348.5 | 348.5 | ||||||||||||||||||||
$ | $ | $ | $ | $ | $ | $ | — | $ | — | |||||||||||||||||
Income (loss) from operations | $ | (103.6 | ) | $ | (103.6 | ) | $ | 238.2 | $ | 238.2 | $ | 195.2 | $ | 195.2 | $ | — | $ | — | ||||||||
Intercompany interest | $ | 14.4 | $ | 162.1 | $ | — | $ | (147.7 | ) | $ | (14.4 | ) | $ | (14.4 | ) | $ | — | $ | — | |||||||
Miscellaneous, net | $ | (0.3 | ) | $ | (0.3 | ) | $ | 9.5 | $ | 9.5 | $ | (7.5 | ) | $ | (7.5 | ) | $ | — | $ | — | ||||||
Total other income (expense) | $ | (133.6 | ) | $ | 14.1 | $ | 9.5 | $ | (138.1 | ) | $ | (21.3 | ) | $ | (21.3 | ) | $ | — | $ | — | ||||||
Income (loss) before income taxes | $ | (237.2 | ) | $ | (89.6 | ) | $ | 247.8 | $ | 100.1 | $ | 173.8 | $ | 173.8 | $ | — | $ | — | ||||||||
Provision (benefit) for income taxes | $ | (71.2 | ) | $ | (26.9 | ) | $ | 77.4 | $ | 33.1 | $ | 48.7 | $ | 48.7 | $ | — | $ | — | ||||||||
Equity in income of subsidiaries | $ | 295.5 | $ | 192.2 | $ | — | $ | 20 | $ | — | $ | — | $ | (295.5 | ) | $ | (212.2 | ) | ||||||||
Net income (loss) | $ | 129.5 | $ | 129.5 | $ | 170.4 | $ | 87 | $ | 125.2 | $ | 125.2 | $ | (295.5 | ) | $ | (212.2 | ) | ||||||||
Foreign currency translation adjustment, net of taxes | $ | (0.7 | ) | $ | 0.6 | $ | — | $ | (3.0 | ) | $ | 2.2 | $ | 2.2 | $ | (2.2 | ) | $ | 0.8 | |||||||
Change in fair value of interest rate swaps, net of taxes | $ | 5.7 | $ | 4.4 | $ | — | $ | 4.4 | $ | — | $ | — | $ | — | $ | (4.4 | ) | |||||||||
Comprehensive income (loss) | $ | 134.5 | $ | 134.5 | $ | 170.4 | $ | 88.5 | $ | 127.4 | $ | 127.4 | $ | (297.7 | ) | $ | (215.8 | ) | ||||||||
Consolidating Statements of Operations and Comprehensive Income (Loss) for the year ended September 30, 2012 | ||||||||||||||||||||||||||
Selling, general and administrative | 77.2 | 77.2 | 431 | 431 | 324.4 | 324.4 | ||||||||||||||||||||
$ | $ | $ | $ | $ | $ | $ | — | $ | — | |||||||||||||||||
Income (loss) from operations | $ | (77.2 | ) | $ | (77.2 | ) | $ | 305.2 | $ | 305.2 | $ | 166.3 | $ | 166.3 | $ | — | $ | — | ||||||||
Intercompany interest | $ | 4.8 | $ | 163.4 | $ | — | $ | (158.6 | ) | $ | (4.8 | ) | $ | (4.8 | ) | $ | — | $ | — | |||||||
Miscellaneous, net | $ | 0.4 | $ | 0.4 | $ | 1.6 | $ | 1.6 | $ | (2.9 | ) | $ | (2.9 | ) | $ | — | $ | — | ||||||||
Total other income (expense) | $ | (153.5 | ) | $ | 5.1 | $ | 1.6 | $ | (157.0 | ) | $ | (7.7 | ) | $ | (7.7 | ) | $ | — | $ | — | ||||||
Income (loss) before income taxes | $ | (230.6 | ) | $ | (72.0 | ) | $ | 306.8 | $ | 148.2 | $ | 158.6 | $ | 158.6 | $ | — | $ | — | ||||||||
Provision (benefit) for income taxes | $ | (86.5 | ) | $ | (27.0 | ) | $ | 107.4 | $ | 47.9 | $ | 44.4 | $ | 44.4 | $ | — | $ | — | ||||||||
Equity in income of subsidiaries | $ | 290.6 | $ | 191.5 | $ | — | $ | 16.5 | $ | — | $ | — | $ | (290.6 | ) | $ | (208.0 | ) | ||||||||
Net income (loss) | $ | 146.5 | $ | 146.5 | $ | 199.4 | $ | 116.8 | $ | 91.2 | $ | 91.2 | $ | (290.6 | ) | $ | (208.0 | ) | ||||||||
Foreign currency translation adjustment, net of taxes | $ | 23.1 | $ | 16.7 | $ | — | $ | 2.5 | $ | 13.2 | $ | 13.2 | $ | (13.2 | ) | $ | (15.7 | ) | ||||||||
Change in fair value of interest rate swaps, net of taxes | $ | (3.9 | ) | $ | 2.4 | $ | — | $ | 2.4 | $ | — | $ | — | $ | — | $ | (2.4 | ) | ||||||||
Comprehensive income (loss) | $ | 165.6 | $ | 165.6 | $ | 199.4 | $ | 121.8 | $ | 104.4 | $ | 104.4 | $ | (303.8 | ) | $ | (226.1 | ) | ||||||||
Consolidating Statements of cash flows for the year ended September 30, 2013 | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | $ | (295.5 | ) | $ | (192.2 | ) | $ | — | $ | (20.0 | ) | $ | — | $ | — | $ | 295.5 | $ | 212.2 | |||||||
Dividends received | $ | — | $ | 62 | $ | — | $ | 27.6 | $ | — | $ | — | $ | — | $ | (89.6 | ) | |||||||||
Intercompany accounts | $ | 378 | $ | — | $ | (243.7 | ) | $ | 44.1 | $ | (134.3 | ) | $ | (44.1 | ) | $ | — | $ | — | |||||||
Cash provided by (used in) operating activities | $ | 227.6 | $ | 16.1 | $ | 84.9 | $ | 295.9 | $ | (1.0 | ) | $ | 89.2 | $ | — | $ | (89.6 | ) | ||||||||
Cash paid for acquisitions, net of cash acquired | $ | (77.9 | ) | $ | (77.9 | ) | $ | (4.5 | ) | $ | (4.5 | ) | $ | — | $ | — | $ | — | $ | — | ||||||
Cash used in investing activities | $ | (105.6 | ) | $ | (105.6 | ) | $ | (63.6 | ) | $ | (63.6 | ) | $ | (35.0 | ) | $ | (35.0 | ) | $ | — | $ | — | ||||
Dividends paid | $ | (216.9 | ) | $ | (216.9 | ) | $ | — | $ | — | $ | — | $ | (89.6 | ) | $ | — | $ | 89.6 | |||||||
Cash used in financing activities | $ | (224.3 | ) | $ | (12.8 | ) | $ | (0.6 | ) | $ | (211.5 | ) | $ | — | $ | (90.2 | ) | $ | — | $ | 89.6 | |||||
Consolidating Statements of cash flows for the year ended September 30, 2012 | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | $ | (290.6 | ) | $ | (191.5 | ) | $ | — | $ | (16.5 | ) | $ | — | $ | — | $ | 290.6 | $ | 208 | |||||||
Dividends received | $ | — | $ | 145.2 | $ | — | $ | 3.2 | $ | — | $ | — | $ | — | $ | (148.4 | ) | |||||||||
Intercompany accounts | $ | 279.3 | $ | — | $ | (153.7 | ) | $ | (22.8 | ) | $ | (125.6 | ) | $ | 22.8 | $ | — | $ | — | |||||||
Cash provided by (used in) operating activities | $ | 166.6 | $ | 131.6 | $ | 52.5 | $ | 87.5 | $ | 14.9 | $ | 163.3 | $ | — | $ | (148.4 | ) | |||||||||
Dividends paid | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (148.4 | ) | $ | — | $ | 148.4 | |||||||||
Cash used in financing activities | $ | (224.3 | ) | $ | (189.3 | ) | $ | — | $ | (35.0 | ) | $ | (5.1 | ) | $ | (153.4 | ) | $ | — | $ | 148.4 | |||||
Quarterly_Results_of_Operation
Quarterly Results of Operations (Unaudited) | 12 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Quarterly Results of Operations (Unaudited) | ' | |||||||||||||
Quarterly Results of Operations (Unaudited) | ' | |||||||||||||
22. Quarterly Results of Operations (Unaudited) | ||||||||||||||
The following is a summary of the unaudited quarterly results of operations for fiscal 2014 and 2013 (amounts may not equal fiscal year totals due to rounding) | ||||||||||||||
Quarter ended | ||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||
2013 | 2014 | 2014 | 2014(1) | |||||||||||
Fiscal 2014: | ||||||||||||||
Net sales | $ | 827,105 | $ | 779,026 | $ | 806,961 | $ | 792,686 | ||||||
Gross profit | 385,387 | 347,945 | 375,757 | 356,272 | ||||||||||
Income (loss) from continuing operations before income taxes | 80,353 | 15,468 | 48,028 | (177,856 | ) | |||||||||
Net income (loss) | 53,821 | 9,900 | 33,267 | (141,140 | ) | |||||||||
Quarter ended | ||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||
2012 | 2013(2) | 2013 | 2013 | |||||||||||
Fiscal 2013: | ||||||||||||||
Net sales | $ | 789,227 | $ | 757,874 | $ | 802,829 | $ | 813,111 | ||||||
Gross profit | 360,478 | 343,858 | 377,959 | 379,836 | ||||||||||
Income (loss) from continuing operations before income taxes | 68,440 | (18,050 | ) | 70,203 | 63,764 | |||||||||
Net income (loss) | 45,171 | (10,401 | ) | 51,250 | 43,461 | |||||||||
-1 | Includes charges of $207,334 relating to the goodwill and intangible asset impairment charges (see Note 8). | |||||||||||||
-2 | Includes charges of $30,200 relating to the facility restructuring (see Note 3) and $12,000 relating to the accrual of an anticipated legal settlement (see Note 12). | |||||||||||||
SCHEDULE_II_Valuation_and_Qual
SCHEDULE II Valuation and Qualifying Accounts | 12 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
SCHEDULE II Valuation and Qualifying Accounts | ' | ||||||||||||||||
SCHEDULE II Valuation and Qualifying Accounts | ' | ||||||||||||||||
SCHEDULE II | |||||||||||||||||
NBTY, Inc. and Subsidiaries | |||||||||||||||||
Valuation and Qualifying Accounts | |||||||||||||||||
Column A | Column B | Column C | Column D | Column E | |||||||||||||
Additions | |||||||||||||||||
Description | Balance at | Charged to | Charged to | Deductions | Balance at | ||||||||||||
beginning | costs and | other | end of | ||||||||||||||
of period | expenses | accounts | period | ||||||||||||||
Fiscal year ended September 30, 2014: | |||||||||||||||||
Inventory reserves | $ | 21,753 | $ | 6,006 | $ | — | $ | — | $ | 27,759 | |||||||
Allowance for doubtful accounts | $ | 2,472 | $ | 988 | $ | — | $ | (896 | )(a) | $ | 2,564 | ||||||
Promotional program incentive allowance | $ | 82,827 | $ | 329,562 | $ | — | $ | (328,621 | ) | $ | 83,768 | ||||||
Allowance for sales returns | $ | 13,549 | $ | 37,521 | $ | — | $ | (35,661 | )(b) | $ | 15,409 | ||||||
Valuation allowance for deferred tax assets | $ | 14,116 | $ | (1,269 | ) | $ | — | $ | (3,304 | ) | $ | 9,543 | |||||
Fiscal year ended September 30, 2013: | |||||||||||||||||
Inventory reserves | $ | 19,712 | $ | 2,041 | $ | — | $ | — | $ | 21,753 | |||||||
Allowance for doubtful accounts | $ | 5,244 | $ | (2,588 | ) | $ | — | $ | (184 | )(a) | $ | 2,472 | |||||
Promotional program incentive allowance | $ | 71,845 | $ | 329,683 | $ | — | $ | (318,701 | ) | $ | 82,827 | ||||||
Allowance for sales returns | $ | 10,360 | $ | 31,087 | $ | — | $ | (27,898 | )(b) | $ | 13,549 | ||||||
Valuation allowance for deferred tax assets | $ | 14,867 | $ | 829 | $ | — | $ | (1,580 | ) | $ | 14,116 | ||||||
Fiscal year ended September 30, 2012: | |||||||||||||||||
Inventory reserves | $ | 22,364 | $ | (2,652 | ) | $ | — | $ | — | $ | 19,712 | ||||||
Allowance for doubtful accounts | $ | 5,376 | $ | 297 | $ | — | $ | (429 | )(a) | $ | 5,244 | ||||||
Promotional program incentive allowance | $ | 74,593 | $ | 307,371 | $ | — | $ | (310,119 | ) | $ | 71,845 | ||||||
Allowance for sales returns | $ | 10,793 | $ | 28,333 | $ | — | $ | (28,766 | )(b) | $ | 10,360 | ||||||
Valuation allowance for deferred tax assets | $ | 15,404 | $ | 1,240 | $ | — | $ | (1,777 | ) | $ | 14,867 | ||||||
$ | — | ||||||||||||||||
(a) | Uncollectible accounts written off. | ||||||||||||||||
(b) | Represents actual product returns. | ||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Summary of Significant Accounting Policies | ' | |||||||
Basis of Presentation and Consolidation | ' | |||||||
Basis of Presentation and Consolidation | ||||||||
On October 1, 2010, pursuant to an Agreement and Plan of Merger, dated as of July 15, 2010, among NBTY, Holdings formed by an affiliate of TC Group, L.L.C. (d/b/a The Carlyle Group) and Alphabet Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Holdings ("Merger Sub") formed solely for the purpose of entering into the Merger, Merger Sub merged with and into NBTY with NBTY as the surviving corporation (also referred herein as the "Merger"). As a result of the Merger, NBTY became a wholly owned subsidiary of Holdings. | ||||||||
Our financial statements are prepared in conformity with U.S. generally accepted accounting principles ("GAAP"). The consolidated financial statements include the financial statements of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions are eliminated in consolidation. | ||||||||
Effective July 2, 2012, Julian Graves Limited was placed into administration under the laws of the United Kingdom and Wales, and this former subsidiary is reported as discontinued operations in the accompanying financial statements. During the course of the administration, attempts to sell the business were unsuccessful and the operations were wound down by the end of August 2012. The operations of this subsidiary were previously reported in the European Retail segment. | ||||||||
Effective August 31, 2012, we sold certain assets and liabilities of Le Naturiste, Inc., and have reported this former subsidiary as discontinued operations in the accompanying financial statements. The operations of this subsidiary were previously reported in the North American Retail segment. | ||||||||
All amounts related to discontinued operations are excluded from the notes to the consolidated financial statements unless otherwise indicated. See Note 4 for additional information about discontinued operations. | ||||||||
Estimates | ' | |||||||
Estimates | ||||||||
The preparation of financial statements in conformity with GAAP requires that we make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and reported amounts of revenues and expenses during the reporting periods. These judgments can be subjective and complex, and consequently actual results could differ materially from those estimates and assumptions. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Our most significant estimates include: sales returns, promotions and other allowances; inventory valuation and obsolescence; valuation and recoverability of long-lived assets, including goodwill and intangible assets; stock-based compensation; income taxes; and accruals for the outcome of current litigation. | ||||||||
Cash and Cash Equivalents | ' | |||||||
Cash and Cash Equivalents | ||||||||
We consider all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents. | ||||||||
Revenue Recognition | ' | |||||||
Revenue Recognition | ||||||||
We recognize product revenue when title and risk of loss have transferred to the customer, there is persuasive evidence of an arrangement to deliver a product, delivery has occurred, the sales price is fixed or determinable and collectibility is reasonably assured. The delivery terms for most sales within the Wholesale and Direct Response/E-Commerce segments are F.O.B. destination. Generally, title and risk of loss transfer to the customer at the time the product is received by the customer. With respect to retail store operations, we recognize revenue upon the sale of products to customers. Net sales represent gross sales invoiced to customers, less certain related charges for discounts, returns and other promotional program incentive allowances. | ||||||||
Sales Returns and Other Allowances | ' | |||||||
Sales Returns and Other Allowances | ||||||||
Allowance for sales returns: Estimates for sales returns are based on a variety of factors, including actual return experience of specific products or similar products. We are able to make reasonable and reliable estimates of product returns based on our 40 plus year history in this business. We also review our estimates for product returns based on expected return data communicated to us by customers. Additionally, we monitor the levels of inventory at our largest customers to avoid excessive customer stocking of merchandise. Allowances for returns of new products are estimated by reviewing data of any prior relevant new product return information. We also monitor the buying patterns of the end-users of our products based on sales data received by our retail outlets in North America and Europe. | ||||||||
Promotional program incentive allowances: We estimate our allowance for promotional program incentives based upon specific outstanding marketing programs and historical experience. The allowance for sales incentives offered to customers is based on various contractual terms or other arrangements agreed to in advance with certain customers. Generally, customers earn such incentives as specified sales volumes are achieved. We accrue these incentives as a reduction to sales either at the time of sale or over the period of time in which they are earned, depending on the nature of the program. | ||||||||
Allowance for doubtful accounts: We perform on-going credit evaluations of our customers and adjust credit limits based upon payment history and the customer's current credit worthiness, as determined by our review of current credit information. We estimate bad debt expense based upon historical experience as well as specifically identified customer collection issues to adjust the carrying amount of the related receivable to its estimated net realizable value. | ||||||||
Accounts receivable are presented net of the following reserves at September 30: | ||||||||
2014 | 2013 | |||||||
Promotional program incentive allowances | $ | 83,768 | $ | 82,827 | ||||
Allowance for sales returns | 15,409 | 13,549 | ||||||
Allowance for doubtful accounts | 2,564 | 2,472 | ||||||
$ | 101,741 | $ | 98,848 | |||||
Inventories | ' | |||||||
Inventories | ||||||||
Inventories are stated at the lower of cost (first-in first-out method) or market. The cost elements of inventories include materials, labor and overhead. In evaluating whether inventories are stated at the lower of cost or market, we consider such factors as the amount of inventory on hand, estimated time required to sell such inventory, remaining shelf life and current and expected market conditions, including levels of competition. Based on this evaluation, we record an adjustment to cost of sales to reduce inventories to its estimated net realizable value. | ||||||||
Property, Plant and Equipment | ' | |||||||
Property, Plant and Equipment | ||||||||
Property, plant and equipment are carried at cost. Depreciation is charged on a straight-line basis over the estimated useful lives of the related assets. The costs of normal maintenance and repairs are charged to expense when incurred. Expenditures which significantly improve or extend the life of an asset are capitalized and depreciated over the asset's remaining useful life. Amortization of leasehold improvements is computed using the straight-line method over the shorter of the estimated useful lives of the related assets or the remaining lease term. Upon sale or disposition, the related cost and accumulated depreciation are removed from the accounts and the resulting gain or loss, if any, is reflected in operations. | ||||||||
Capitalized Software Costs | ' | |||||||
Capitalized Software Costs | ||||||||
We capitalize certain costs related to the acquisition and development of software for internal use and amortize these costs using the straight-line method over the estimated useful life of the software. These costs are included in property, plant and equipment in the accompanying Consolidated Balance Sheets. | ||||||||
Goodwill and Intangible Assets | ' | |||||||
Goodwill and Intangible Assets | ||||||||
Goodwill and indefinite-lived intangible assets are tested for impairment annually or more frequently if impairment indicators are present. We consider the following to be some examples of important indicators that may trigger an impairment review: (i) a history of cash flow losses at retail stores; (ii) significant changes in the manner or use of the acquired assets in our overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; and (v) regulatory changes. Our annual impairment testing date is as of July 1, the first day of our fourth quarter. | ||||||||
Goodwill is tested for impairment using a two-step process. In the first step, the fair value of a reporting unit is compared to its carrying value. If the fair value of a reporting unit exceeds the carrying value of the net assets assigned to a reporting unit, goodwill is not considered impaired and no further testing is required. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, the amount of the impairment. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit's goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. We use a combination of the income and market approaches, weighted equally, to estimate the fair value of our reporting units. | ||||||||
The fair value of our trademarks is determined based on the relief from royalty method under the income approach, which requires us to estimate a reasonable royalty rate, identify relevant projected revenues and expenses, and select an appropriate discount rate. The evaluation of indefinite-lived intangible assets for impairment requires management to use significant judgments and estimates including, but not limited to, projected future net sales, operating results, and cash flows of our business. | ||||||||
We base our fair value estimates on assumptions we believe to be reasonable, but such assumptions are subject to inherent uncertainties. Accordingly, if actual results fall short of such estimates, significant future impairments could result. An impairment charge would reduce income from operations in the period it was determined that the charge was needed. Goodwill and intangible assets are further discussed in Note 8 to the Consolidated Financial Statements. | ||||||||
Impairment of Long-Lived Assets | ' | |||||||
Impairment of Long-Lived Assets | ||||||||
We evaluate the need for an impairment charge relating to long-lived assets, including definite lived intangible assets, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset group to its expected future net cash flows generated by the asset group. If the carrying amount of an asset group exceeds its estimated undiscounted future cash flows, the carrying amount is compared to its fair value and an impairment charge is recognized to the extent of the difference. On a quarterly basis, we assess whether events or changes in circumstances occur that potentially indicate that the carrying value of long-lived assets may not be recoverable. Considerable management judgment is necessary to estimate projected future operating cash flows. Accordingly, if actual results fall short of such estimates, significant future impairments could result. | ||||||||
Income Taxes | ' | |||||||
Income Taxes | ||||||||
We recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. We estimate the degree to which tax assets and credit carryforwards will result in a benefit based on expected profitability by tax jurisdiction. A valuation allowance for such tax assets and loss carryforwards is provided when it is determined that such assets will, more likely than not, go unused. If it becomes more likely than not that a tax asset will be used, the related valuation allowance on such assets would be reversed. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, we operate within multiple taxing jurisdictions and are subject to audit in these jurisdictions. We believe adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. | ||||||||
Accruals for Litigation and Other Contingencies | ' | |||||||
Accruals for Litigation and Other Contingencies | ||||||||
We are subject to legal proceedings, lawsuits and other claims related to various matters. We are required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable losses. We determine the amount of reserves needed, if any, for each individual issue based on our knowledge and experience and discussions with legal counsel. These reserves may change in the future due to new developments in each matter (including the enactment of new laws), the ultimate resolution of each matter or changes in approach, such as a change in settlement strategy. In some instances, we may be unable to make a reasonable estimate of the liabilities that may result from the final resolution of certain contingencies disclosed and accordingly, no reserve is recorded until such time that a reasonable estimate may be made. | ||||||||
Shipping and Handling Costs | ' | |||||||
Shipping and Handling Costs | ||||||||
We incur shipping and handling costs in all segments of our operations. These costs, included in selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss), were $97,382, $92,062 and $85,784 for the fiscal years ended September 30, 2014, 2013 and 2012, respectively. Of these amounts, $20,862, $14,050 and $13,831 have been billed to customers and are included in net sales for the fiscal years ended September 30, 2014, 2013 and 2012, respectively. | ||||||||
Advertising, Promotion and Catalog | ' | |||||||
Advertising, Promotion and Catalog | ||||||||
We expense the production costs of advertising as incurred, except for the cost of mail order catalogs, which are capitalized and amortized over our expected period of future benefit, which typically approximates two months. Capitalized costs for mail order catalogs at September 30, 2014 and 2013 were $671 and $740, respectively. Total mail order catalog expense was $9,093, $7,713 and $9,378 for the fiscal years ended September 30, 2014, 2013 and 2012, respectively, and is included in advertising, promotion and catalog in the Consolidated Statements of Operations and Comprehensive Income (Loss). | ||||||||
Foreign Currency | ' | |||||||
Foreign Currency | ||||||||
The functional currency of our foreign subsidiaries is the applicable local currency. The translation of the applicable foreign currencies into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts and cash flows using average rates of exchange prevailing during the year. Adjustments resulting from the translation of foreign currency financial statements are accumulated in a separate component of stockholders' equity. | ||||||||
Derivatives and Hedging Activities | ' | |||||||
Derivatives and Hedging Activities | ||||||||
All derivative financial instruments are recognized as either assets or liabilities in the Consolidated Balance Sheets and measurement of those instruments is at fair value. Changes in the fair values of these derivatives are reported in operations or accumulated other comprehensive income (loss) depending on the designation of the derivative and whether it qualifies for hedge accounting. For derivatives that have been formally designated as cash flow hedges (interest rate swap agreements), the effective portion of changes in the fair value of the derivative is recorded in accumulated other comprehensive income (loss) and reclassified into operations when interest expense on the underlying borrowings is recognized. For hedges of the net investment in foreign subsidiaries (cross currency swap agreements), changes in fair value of the derivative are recorded in accumulated other comprehensive income (loss) to offset the change in the value of the net investment being hedged. We do not use derivative financial instruments for trading purposes. | ||||||||
Revision | ' | |||||||
Revision | ||||||||
A revision was made to the Statements of Operations and Comprehensive Income (Loss) to correct the prior year presentation, whereby changes in the fair value of the cross-currency swap were reclassified from changes in the fair value of interest rate swaps to foreign currency translation adjustments. In addition, see Note 21 for a revision that was made to the Condensed Consolidating Financial Statements of Guarantors. | ||||||||
Recent Accounting Developments | ' | |||||||
Recent Accounting Developments | ||||||||
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance has been effective for us since October 1, 2014. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In July 2013, the FASB issued guidance which amends the guidance related to the presentation of unrecognized tax benefits and allows for the reduction of a deferred tax asset for a net operating loss carryforward whenever the net operating loss carryforward or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. The new guidance has been effective for us since October 1, 2014. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In April 2014, the FASB issued revised guidance to reduce diversity in practice for reporting discontinued operations. The revised guidance only allows disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity's operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The revised guidance is effective for all disposals (or classifications as held for sale) of components for us beginning October 1, 2015, and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede virtually all existing revenue recognition guidance, including industry-specific guidance, and is designed to create greater comparability for financial statement users across industries and jurisdictions. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. The guidance is effective for us beginning October 1, 2017 (early adoption is not permitted). The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial statements and related disclosures. | ||||||||
In June 2014, the FASB issued guidance to clarify the proper method of accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for us beginning October 1, 2016, and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||
In August 2014, the FASB issued guidance which requires management to assess an entity's ability to continue as a going concern every reporting period, and provide certain disclosures if management has substantial doubt about the entity's ability to operate as a going concern, or an express statement if not, by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. The guidance is effective for us for the annual period ending September 30, 2017, and for interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have an impact on our consolidated financial statements. | ||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Basis of Presentation | ' | |||||||
Schedule of accounts receivable reserves | ' | |||||||
2014 | 2013 | |||||||
Promotional program incentive allowances | $ | 83,768 | $ | 82,827 | ||||
Allowance for sales returns | 15,409 | 13,549 | ||||||
Allowance for doubtful accounts | 2,564 | 2,472 | ||||||
$ | 101,741 | $ | 98,848 | |||||
Facility_Restructuring_Charge_
Facility Restructuring Charge (Tables) | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Facility Restructuring Charge | ' | ||||||||||
Summary of restructuring cash charges recorded and reconciliation of these charges to accrued expenses | ' | ||||||||||
Workforce | Facility | Total | |||||||||
Reductions | Costs | ||||||||||
Restructuring accrual—October 1, 2012 | $ | — | $ | — | $ | — | |||||
Charges | 16,752 | 3,355 | 20,107 | ||||||||
Cash payments | (4,316 | ) | (564 | ) | (4,880 | ) | |||||
Other | — | (142 | ) | (142 | ) | ||||||
Restructuring accrual—September 30, 2013 | 12,436 | 2,649 | 15,085 | ||||||||
Cash payments | (10,140 | ) | (1,729 | ) | (11,869 | ) | |||||
Other | — | (246 | ) | (246 | ) | ||||||
Restructuring accrual—September 30, 2014 | $ | 2,296 | $ | 674 | $ | 2,970 | |||||
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | ||||
Sep. 30, 2014 | |||||
Julian Graves | ' | ||||
Discontinued Operations | ' | ||||
Summary of results of discontinued operations | ' | ||||
2012 | |||||
Net sales | $ | 43,999 | |||
Impairments and deconsolidation loss | (27,509 | ) | |||
Loss from operations, before income taxes | (27,682 | ) | |||
Benefit for income taxes | (9,065 | ) | |||
Loss, net of income taxes | (18,617 | ) | |||
Le Naturiste | ' | ||||
Discontinued Operations | ' | ||||
Summary of results of discontinued operations | ' | ||||
2012 | |||||
Net sales | $ | 17,228 | |||
Loss on sale of business | (3,088 | ) | |||
Loss from operations, before income taxes | (4,431 | ) | |||
Benefit for income taxes | — | ||||
Loss, net of income taxes | (4,431 | ) | |||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Inventories | ' | |||||||
Schedule of components of inventories | ' | |||||||
2014 | 2013 | |||||||
Raw materials | $ | 217,697 | $ | 195,713 | ||||
Work-in-process | 20,898 | 25,068 | ||||||
Finished goods | 614,631 | 519,171 | ||||||
Total | $ | 853,226 | $ | 739,952 | ||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment | ' | ||||||||
Schedule of property, plant and equipment | ' | ||||||||
2014 | 2013 | Depreciation | |||||||
and | |||||||||
amortization | |||||||||
period (years) | |||||||||
Land | $ | 66,833 | $ | 70,597 | |||||
Buildings and leasehold improvements | 279,112 | 272,833 | 4–40 | ||||||
Machinery and equipment | 163,095 | 166,810 | 3–13 | ||||||
Furniture and fixtures | 121,907 | 103,259 | 3–10 | ||||||
Computer software and equipment | 140,628 | 81,356 | 3–7 | ||||||
Transportation equipment | 6,138 | 6,044 | 3–4 | ||||||
Construction in progress | 22,769 | 42,487 | |||||||
800,482 | 743,386 | ||||||||
Less accumulated depreciation and amortization | (203,280 | ) | (171,857 | ) | |||||
$ | 597,202 | $ | 571,529 | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||
Schedule of change in carrying amount of goodwill by segment | ' | ||||||||||||||||
Wholesale | European | Direct | North | Consolidated | |||||||||||||
Retail | Response/ | American | |||||||||||||||
E-Commerce | Retail | ||||||||||||||||
Balance at September 30, 2012 | $ | 613,561 | $ | 281,025 | $ | 317,985 | $ | 7,744 | $ | 1,220,315 | |||||||
Reassignment of goodwill(1) | — | 35,000 | (53,000 | ) | 18,000 | — | |||||||||||
Acquisitions | 35,500 | 4,147 | — | — | 39,647 | ||||||||||||
Foreign currency translation | (3,841 | ) | 4,681 | — | — | 840 | |||||||||||
Balance at September 30, 2013 | 645,220 | 324,853 | 264,985 | 25,744 | 1,260,802 | ||||||||||||
Purchase price adjustments | — | 517 | — | — | 517 | ||||||||||||
Impairment of goodwill | — | — | (61,590 | ) | (25,744 | ) | (87,334 | ) | |||||||||
Foreign currency translation | (6,590 | ) | (4,113 | ) | — | — | (10,703 | ) | |||||||||
Balance at September 30, 2014 | $ | 638,630 | $ | 321,257 | $ | 203,395 | $ | — | $ | 1,163,282 | |||||||
-1 | Goodwill was reassigned based on the relative fair values of the elements transferred and the elements remaining in the respective segment. | ||||||||||||||||
Schedule of carrying amounts of acquired other intangible assets | ' | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | Amortization | |||||||||||||
carrying | amortization | carrying | amortization | period | |||||||||||||
amount | amount | (years) | |||||||||||||||
Definite lived intangible assets | |||||||||||||||||
Brands and customer relationships | $ | 912,200 | $ | 155,776 | $ | 913,972 | $ | 116,330 | 17–25 | ||||||||
Tradenames and other | 175,872 | 22,644 | 177,903 | 16,677 | 20–30 | ||||||||||||
1,088,072 | 178,420 | 1,091,875 | 133,007 | ||||||||||||||
Indefinite lived intangible asset | |||||||||||||||||
Tradenames | 881,940 | — | 1,001,484 | — | |||||||||||||
Total intangible assets | $ | 1,970,012 | $ | 178,420 | $ | 2,093,359 | $ | 133,007 | |||||||||
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities (Tables) | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Accrued Expenses and Other Current Liabilities | ' | |||||||
Schedule of components of accrued expenses and other current liabilities | ' | |||||||
2014 | 2013 | |||||||
Accrued compensation and benefits | $ | 44,189 | $ | 53,491 | ||||
Accrued interest | 29,273 | 29,281 | ||||||
Income taxes payable | 37,147 | 16,833 | ||||||
Other | 96,221 | 120,161 | ||||||
$ | 110,447 | $ | 219,766 | |||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Schedule of components of long-term debt | ' | |||||||
2014 | 2013 | |||||||
Senior Credit Facilities: | ||||||||
Term loan B-2 | $ | 1,507,500 | $ | 1,507,500 | ||||
Notes | 650,000 | 650,000 | ||||||
Other | 848 | 1,281 | ||||||
2,158,348 | 2,158,781 | |||||||
Less: current portion | (261 | ) | (376 | ) | ||||
Total | $ | 2,158,087 | $ | 2,158,405 | ||||
Holdco Notes | ' | |||||||
Schedule of redemption prices of Notes | ' | |||||||
Period | Redemption | |||||||
Price | ||||||||
2014 | 102.00 | % | ||||||
2015 | 101.00 | % | ||||||
2016 and thereafter | 100.00 | % | ||||||
Notes | ' | |||||||
Schedule of redemption prices of Notes | ' | |||||||
Period | Redemption | |||||||
Price | ||||||||
2014 | 104.50 | % | ||||||
2015 | 102.25 | % | ||||||
2016 and thereafter | 100.00 | % | ||||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||||||||||
Summary of the assets and liabilities measured at fair value on a recurring basis | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Current (included in accrued expenses and other current liabilities): | ||||||||||||||||||||
Interest rate swaps | $ | — | $ | 1,151 | $ | — | $ | — | $ | 5,268 | $ | — | ||||||||
Cross currency swaps | $ | — | $ | — | $ | 3,857 | $ | — | $ | — | $ | 3,855 | ||||||||
Non-current (included in other liabilities): | ||||||||||||||||||||
Interest rate swaps | $ | — | $ | — | $ | — | $ | — | $ | 1,066 | $ | — | ||||||||
Cross currency swaps | $ | — | $ | — | $ | 14,773 | $ | — | $ | — | $ | 18,399 | ||||||||
Schedule of the Level 3 activity related to cross currency swaps | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Beginning balance: | $ | (22,254 | ) | $ | (24,862 | ) | ||||||||||||||
Unrealized gain on hedging instruments | 3,624 | 2,608 | ||||||||||||||||||
Ending balance: | $ | (18,630 | ) | $ | (22,254 | ) | ||||||||||||||
Schedule of effect of derivative instruments designated as cash flow and net investment hedging instruments | ' | |||||||||||||||||||
Amount of Gain or | Amount of Gain or | Amount of Gain or | Amount of Gain or | |||||||||||||||||
(Loss) Recognized in | (Loss) Reclassified | (Loss) Recognized in | (Loss) Reclassified | |||||||||||||||||
Accumulated | from Accumulated | Accumulated | from Accumulated | |||||||||||||||||
OCI on Derivative | OCI into Operations | OCI on Derivative | OCI into Operations | |||||||||||||||||
(Effective Portion) | (Effective Portion) | (Effective Portion) | (Effective Portion) | |||||||||||||||||
2014 | 2014 | 2013 | 2013 | |||||||||||||||||
Cash Flow Hedges: | ||||||||||||||||||||
Interest rate swaps | $ | (2,166 | ) | $ | (5,346 | ) | $ | (3,499 | ) | $ | (7,904 | ) | ||||||||
Net Investment Hedges: | ||||||||||||||||||||
Cross currency swaps | 1,266 | — | 612 | — | ||||||||||||||||
Total | $ | (900 | ) | $ | (5,346 | ) | $ | (2,887 | ) | $ | (7,904 | ) | ||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Income Taxes | ' | |||||||||||||||||||
Schedule of (loss) income from continuing operations before provision for income taxes | ' | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
United States | $ | (225,767 | ) | $ | 10,452 | $ | 76,096 | |||||||||||||
Foreign | 191,760 | 173,906 | 158,687 | |||||||||||||||||
$ | (34,007 | ) | $ | 184,358 | $ | 234,783 | ||||||||||||||
Schedule of (benefit) provision for income taxes | ' | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Federal | ||||||||||||||||||||
Current | $ | 10,668 | $ | 6,831 | $ | 32,287 | ||||||||||||||
Deferred | (43,708 | ) | 10,231 | (15,315 | ) | |||||||||||||||
State | ||||||||||||||||||||
Current | 3,495 | 2,727 | 5,261 | |||||||||||||||||
Deferred | (5,689 | ) | (4,106 | ) | (2,275 | ) | ||||||||||||||
Foreign | ||||||||||||||||||||
Current | 44,863 | 40,027 | 44,773 | |||||||||||||||||
Deferred | 516 | (832 | ) | 533 | ||||||||||||||||
Total (benefit) provision | $ | 10,145 | $ | 54,878 | $ | 65,264 | ||||||||||||||
Schedule of reconciliation of (benefit) provision for income tax computed using statutory Federal income tax rate to actual income tax expense and effective income tax rate | ' | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Amount | Percent | Amount | Percent | Amount | Percent | |||||||||||||||
of pretax | of pretax | of pretax | ||||||||||||||||||
income | income | income | ||||||||||||||||||
Income tax expense at statutory rate | $ | (11,902 | ) | 35 | % | $ | 64,525 | 35 | % | $ | 82,174 | 35 | % | |||||||
State income taxes, net of federal income tax benefit | (3,415 | ) | 10 | % | (1,379 | ) | (0.7 | )% | 1,566 | 0.7 | % | |||||||||
Change in valuation allowance | — | 0 | % | (1,259 | ) | (0.7 | )% | (539 | ) | (0.2 | )% | |||||||||
Effect of international operations, including foreign export benefit and earnings indefinitely reinvested | (38 | ) | 0.1 | % | (5,645 | ) | (3.1 | )% | (8,476 | ) | (3.6 | )% | ||||||||
Domestic manufacturing deduction | (1,071 | ) | 3.1 | % | (1,715 | ) | (0.9 | )% | (1,918 | ) | (0.8 | )% | ||||||||
Tax benefit attributable to Le Naturiste sale | — | 0 | % | — | 0 | % | (7,792 | ) | (3.3 | )% | ||||||||||
Goodwill impairment | 30,567 | (89.9 | )% | |||||||||||||||||
Change in tax reserves | (4,801 | ) | 14.1 | % | — | — | — | — | ||||||||||||
Other | 805 | (2.4 | )% | 351 | 0.2 | % | 249 | 0.1 | % | |||||||||||
$ | 10,145 | (29.8 | )% | $ | 54,878 | 29.8 | % | $ | 65,264 | 27.8 | % | |||||||||
Schedule of components of deferred tax assets and liabilities | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Deferred tax assets: | ||||||||||||||||||||
Inventory reserves and UNICAP | $ | 15,524 | $ | 10,543 | ||||||||||||||||
Accrued expenses and reserves not currently deductible | 19,936 | 20,874 | ||||||||||||||||||
Other comprehensive income | 8,670 | 13,282 | ||||||||||||||||||
Foreign and state tax credits | 107,460 | 109,895 | ||||||||||||||||||
Foreign and state net operating losses | 8,434 | 11,863 | ||||||||||||||||||
Valuation allowance | (9,543 | ) | (14,116 | ) | ||||||||||||||||
Total deferred income tax assets, net of valuation allowance | 150,481 | 152,341 | ||||||||||||||||||
Deferred tax liabilities: | ||||||||||||||||||||
Depreciation | (50,307 | ) | (52,557 | ) | ||||||||||||||||
Intangibles | (656,843 | ) | (707,679 | ) | ||||||||||||||||
Undistributed foreign earnings | (122,378 | ) | (119,887 | ) | ||||||||||||||||
Total deferred income tax liabilities | (829,528 | ) | (880,123 | ) | ||||||||||||||||
Total net deferred income tax liabilities | (679,047 | ) | (727,782 | ) | ||||||||||||||||
Less current deferred income tax assets | (28,915 | ) | (23,637 | ) | ||||||||||||||||
Long-term deferred income tax liabilities | $ | (707,962 | ) | $ | (751,419 | ) | ||||||||||||||
Summary of foreign net operating losses, foreign tax credit and New York State (NYS) investment tax credit carryforwards | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Foreign net operating losses | $ | 19,600 | $ | 30,798 | ||||||||||||||||
Foreign tax credit | 104,923 | 109,959 | ||||||||||||||||||
NYS investment tax credit carryforwards | 2,537 | 3,807 | ||||||||||||||||||
Summary of valuation allowances | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
NYS investment tax credit carryforwards | $ | 2,537 | $ | 3,807 | ||||||||||||||||
Foreign loss carryforwards | 7,005 | 10,309 | ||||||||||||||||||
Schedule of change in the valuation allowance | ' | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Beginning balance | $ | (14,116 | ) | $ | (14,867 | ) | $ | (15,404 | ) | |||||||||||
NYS investment tax credit carryforwards expired/(generated) | 1,269 | (321 | ) | (694 | ) | |||||||||||||||
Foreign net operating losses utilized | 3,304 | 1,580 | 1,231 | |||||||||||||||||
Foreign net operating losses acquired | — | (508 | ) | — | ||||||||||||||||
Balance at September 30 | $ | (9,543 | ) | $ | (14,116 | ) | $ | (14,867 | ) | |||||||||||
Summary of activity related to gross unrecognized tax benefits | ' | |||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Beginning balance | $ | 13,635 | $ | 12,888 | $ | 10,687 | ||||||||||||||
Increase related to current year tax positions | 1,260 | — | — | |||||||||||||||||
Increases related to prior year tax positions | 85 | 1,512 | 2,201 | |||||||||||||||||
Decreases related to settlements with taxing authorities | (5,305 | ) | (249 | ) | — | |||||||||||||||
Decreases related to lapsing of statute of limitations | (1,646 | ) | (516 | ) | — | |||||||||||||||
Balance as of September 30 | $ | 8,029 | $ | 13,635 | $ | 12,888 | ||||||||||||||
StockBased_Compensation_and_Em1
Stock-Based Compensation and Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Stock-Based Compensation and Employee Benefit Plans | ' | |||||||||||||||||||
Schedule of weighted-average assumptions used for options granted | ' | |||||||||||||||||||
Fiscal year ended September 30, | ||||||||||||||||||||
2014 | 2013 | 2012 | ||||||||||||||||||
Significant assumptions: | ||||||||||||||||||||
Time based vesting | ||||||||||||||||||||
Risk-free rate(1) | .02%–3.65 | % | .11%–4.59 | % | .10%–3.12 | % | ||||||||||||||
Expected term(2) | 6.5 years | 6.5 years | 6.5 years | |||||||||||||||||
Expected volatility(3) | 37% | 36% | 37% | |||||||||||||||||
Expected dividends | 0.0% | 0.0% | 0.0% | |||||||||||||||||
Performance based vesting | ||||||||||||||||||||
Risk-free rate(1) | .02%–3.65 | % | .11%–4.59 | % | .10%–3.12 | % | ||||||||||||||
Expected term(4) | 3.1 years | 4.5 years | 5.6 years | |||||||||||||||||
Expected volatility(3) | 33% | 37% | 38% | |||||||||||||||||
Expected dividends | 0.0% | 0.0% | 0.0% | |||||||||||||||||
-1 | The risk free interest rate assumption was based on yields of U.S. Treasury securities in effect at the date of grant with terms similar to the expected term. | |||||||||||||||||||
-2 | The expected term of the options was estimated utilizing the simplified method. We utilize the simplified method because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The simplified method was used for all stock options that require only a service vesting condition. | |||||||||||||||||||
-3 | Expected volatility was estimated based on historical volatility of peer companies over a period equivalent to the expected term. Peer companies are determined based on relevant industry and/or market capitalization. | |||||||||||||||||||
-4 | The expected term of the options was estimated utilizing a Monte Carlo simulation model. | |||||||||||||||||||
Summary of stock option activity | ' | |||||||||||||||||||
Fiscal Year Ended September 30, | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Number | Weighted | Number | Weighted | |||||||||||||||||
of shares | average | of shares | average | |||||||||||||||||
exercise | exercise | |||||||||||||||||||
price | price | |||||||||||||||||||
Outstanding at beginning of period | 173,183 | $ | 179 | 162,951 | $ | 151 | ||||||||||||||
Granted | 13,430 | $ | 473 | 19,180 | $ | 397 | ||||||||||||||
Exercised | (614 | ) | $ | 133 | (730 | ) | $ | 124 | ||||||||||||
Forfeited | (46,352 | ) | $ | 153 | (8,218 | ) | $ | 124 | ||||||||||||
Outstanding at end of period | 139,647 | $ | 212 | 173,183 | $ | 179 | ||||||||||||||
Exercisable at end of period | 50,360 | $ | 152 | 29,833 | $ | 139 | ||||||||||||||
Number of shares available for future grant | 117,269 | |||||||||||||||||||
Summary of information about stock options outstanding, by range of exercise prices | ' | |||||||||||||||||||
Options Outstanding | Options Exercisable | |||||||||||||||||||
Range of | Shares | Weighted | Weighted | Shares | Weighted | Intrinsic | ||||||||||||||
Exercise Prices | Outstanding | Average | Average | Exercisable | Average | Value | ||||||||||||||
Remaining | Exercise | Exercise | ||||||||||||||||||
Contractual | Price | Price | ||||||||||||||||||
Life | ||||||||||||||||||||
$124 | 87,047 | 4.9 | $ | 124 | 43,090 | $ | 124 | $ | 15,056 | |||||||||||
$299 | 29,890 | 7.8 | $ | 299 | 5,664 | $ | 299 | $ | 988 | |||||||||||
$396 | 10,630 | 8.6 | $ | 396 | 1,456 | $ | 396 | $ | 112 | |||||||||||
$473 | 12,080 | 9.6 | $ | 473 | 150 | $ | 473 | $ | — | |||||||||||
Commitments_Tables
Commitments (Tables) | 12 Months Ended | ||||
Sep. 30, 2014 | |||||
Commitments | ' | ||||
Schedule of future minimum rental payments (excluding real estate tax and maintenance costs) | ' | ||||
2015 | $ | 116,215 | |||
2016 | 106,415 | ||||
2017 | 93,178 | ||||
2018 | 80,047 | ||||
2019 | 69,596 | ||||
Thereafter | 219,801 | ||||
$ | 685,252 | ||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Accumulated Other Comprehensive Income (Loss). | ' | ||||||||||
Schedule of components of accumulated other comprehensive income (loss), net of income taxes | ' | ||||||||||
Fiscal year ended | |||||||||||
September 30, 2014(1) | |||||||||||
Foreign | Gains and | Total | |||||||||
currency | losses on | ||||||||||
translation | cash flow | ||||||||||
adjustments | hedges | ||||||||||
Balance at September 30, 2013 | $ | (9,683 | ) | $ | (3,901 | ) | $ | (13,584 | ) | ||
Other comprehensive income (loss) before reclassifications | (18,799 | ) | (2,166 | ) | (20,965 | ) | |||||
Amounts reclassified from accumulated other comprehensive income (loss)(2) | — | 5,346 | 5,346 | ||||||||
Balance at September 30, 2014 | $ | (28,482 | ) | $ | (721 | ) | $ | (29,203 | ) | ||
-1 | All amounts are net of tax, amounts in parentheses indicate debits. | ||||||||||
-2 | These (gains) losses are reclassified into Interest expense. See Note 11, Fair Value of Financial Instruments. | ||||||||||
Fiscal year ended | |||||||||||
September 30, 2013(1) | |||||||||||
Foreign | Gains and | Total | |||||||||
currency | losses on | ||||||||||
translation | cash flow | ||||||||||
adjustments | hedges | ||||||||||
Balance at September 30, 2012 | $ | (10,288 | ) | $ | (8,306 | ) | $ | (18,594 | ) | ||
Other comprehensive income (loss) before reclassifications | 605 | (3,499 | ) | (2,894 | ) | ||||||
Amounts reclassified from accumulated other comprehensive income (loss)(2) | — | 7,904 | 7,904 | ||||||||
Balance at September 30, 2013 | $ | (9,683 | ) | $ | (3,901 | ) | $ | (13,584 | ) | ||
-1 | All amounts are net of tax, amounts in parentheses indicate debits. | ||||||||||
-2 | These (gains) losses are reclassified into Interest expense. See Note 11, Fair Value of Financial Instruments. | ||||||||||
Business_and_Credit_Concentrat1
Business and Credit Concentration (Tables) | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Net sales | ' | |||||||||||||||||||
Business and Credit Concentration | ' | |||||||||||||||||||
Schedule of specified customers percentages accounted for | ' | |||||||||||||||||||
Wholesale Segment | Total Consolidated | |||||||||||||||||||
Net Sales | Net Sales | |||||||||||||||||||
2014 | 2013 | 2012 | 2014 | 2013 | 2012 | |||||||||||||||
Customer A | 19 | % | 21 | % | 23 | % | 11 | % | 13 | % | 14 | % | ||||||||
Gross accounts receivable | ' | |||||||||||||||||||
Business and Credit Concentration | ' | |||||||||||||||||||
Schedule of specified customers percentages accounted for | ' | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Customer A | 13 | % | 12 | % | ||||||||||||||||
Customer B | 11 | % | 11 | % | ||||||||||||||||
Supplemental_Disclosure_of_Cas1
Supplemental Disclosure of Cash Flow Information (Tables) | 12 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Supplemental Disclosure of Cash Flow Information | ' | ||||||||||
Schedule of supplemental disclosure of cash flow information | ' | ||||||||||
2014 | 2013 | 2012 | |||||||||
Cash interest paid, net of capitalized interest | $ | 116,988 | $ | 125,803 | $ | 138,419 | |||||
Cash income taxes paid | $ | 48,824 | $ | 43,241 | $ | 73,638 | |||||
Non-cash investing and financing information: | |||||||||||
Acquisitions accounted for under the acquisition method: | |||||||||||
Fair value of assets acquired | $ | — | $ | 111,141 | $ | — | |||||
Liabilities assumed | — | (28,537 | ) | — | |||||||
Less: Cash acquired | — | (131 | ) | — | |||||||
Net cash paid | $ | — | $ | 82,473 | $ | — | |||||
Property, plant and equipment additions included in accounts payable | 9,488 | 8,242 | 11,986 | ||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||||
Schedule of financial information of business segments | ' | ||||||||||||||||||||||
Total Reportable Business Segments | |||||||||||||||||||||||
Wholesale | European | Direct | North | Total | Corporate / | Consolidated | |||||||||||||||||
Retail | Response/ | American | Manufacturing | ||||||||||||||||||||
E-Commerce | Retail | ||||||||||||||||||||||
Fiscal 2014: | |||||||||||||||||||||||
Net sales | $ | 1,879,481 | $ | 850,797 | $ | 250,224 | $ | 225,276 | $ | 3,205,778 | $ | — | $ | 3,205,778 | |||||||||
Income (loss) from operations(1) | 177,069 | 191,207 | (141,660 | ) | (26,975 | ) | 199,641 | (96,901 | ) | 102,740 | |||||||||||||
Depreciation and amortization | 36,092 | 18,048 | 11,319 | 3,344 | 68,803 | 37,754 | 106,557 | ||||||||||||||||
Capital expenditures | 482 | 42,315 | 1,456 | 14,095 | 58,348 | 46,859 | 105,207 | ||||||||||||||||
Fiscal 2013: | |||||||||||||||||||||||
Net sales | $ | 1,938,921 | $ | 743,861 | $ | 246,731 | $ | 233,528 | $ | 3,163,041 | $ | — | $ | 3,163,041 | |||||||||
Income (loss) from operations(2) | 231,812 | 170,479 | 39,104 | 24,538 | 465,933 | (136,168 | ) | 329,765 | |||||||||||||||
Depreciation and amortization | 36,517 | 14,320 | 10,137 | 2,708 | 63,682 | 46,954 | 110,636 | ||||||||||||||||
Capital expenditures | 971 | 27,198 | 4,411 | 5,557 | 38,137 | 91,083 | 129,220 | ||||||||||||||||
Fiscal 2012: | |||||||||||||||||||||||
Net sales | $ | 1,826,780 | $ | 699,675 | $ | 239,409 | $ | 233,869 | $ | 2,999,733 | $ | — | $ | 2,999,733 | |||||||||
Income (loss) from operations | 241,504 | 157,540 | 46,179 | 26,758 | 471,981 | (77,611 | ) | 394,370 | |||||||||||||||
Depreciation and amortization | 39,692 | 13,988 | 10,504 | 3,196 | 67,380 | 34,891 | 102,271 | ||||||||||||||||
Capital expenditures | 804 | 22,428 | 131 | 596 | 23,959 | 62,355 | 86,314 | ||||||||||||||||
-1 | Includes charges of $171,590 and $35,744 for the Direct Response/E-Commerce and North American Retail segments, respectively, relating to the goodwill and intangible asset impairment charges (see Note 8). | ||||||||||||||||||||||
-2 | Includes charges of $32,695 relating to the facility restructuring (see Note 3) and $12,000 relating to the accrual of an anticipated legal settlement (see Note 12). | ||||||||||||||||||||||
Schedule of total assets by segment | ' | ||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Reportable Business Segments: | |||||||||||||||||||||||
Wholesale | $ | 2,581,069 | $ | 2,553,857 | |||||||||||||||||||
European Retail | 948,010 | 924,979 | |||||||||||||||||||||
Direct Response / E-Commerce | 512,642 | 692,685 | |||||||||||||||||||||
North American Retail | 107,442 | 119,395 | |||||||||||||||||||||
Total Reportable Business Segments: | 4,149,163 | 4,290,916 | |||||||||||||||||||||
Corporate / Manufacturing | 728,559 | 782,400 | |||||||||||||||||||||
Consolidated assets | $ | 4,877,722 | $ | 5,073,316 | |||||||||||||||||||
Schedule of total net sales by location of customer | ' | ||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||
United States | $ | 1,934,668 | $ | 2,024,178 | $ | 1,938,751 | |||||||||||||||||
United Kingdom | 767,173 | 675,378 | 641,752 | ||||||||||||||||||||
Canada | 118,814 | 129,476 | 111,047 | ||||||||||||||||||||
Netherlands | 116,107 | 98,673 | 84,167 | ||||||||||||||||||||
Ireland | 40,235 | 36,655 | 33,341 | ||||||||||||||||||||
Other foreign countries | 228,781 | 198,681 | 190,675 | ||||||||||||||||||||
Consolidated net sales | $ | 3,205,778 | $ | 3,163,041 | $ | 2,999,733 | |||||||||||||||||
Schedule of long-lived assets - Property, plant and equipment | ' | ||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
United States | $ | 399,296 | $ | 397,464 | |||||||||||||||||||
United Kingdom | 146,814 | 124,666 | |||||||||||||||||||||
Netherlands | 15,778 | 13,768 | |||||||||||||||||||||
Ireland | 4,454 | 5,486 | |||||||||||||||||||||
Canada | 10,687 | 11,752 | |||||||||||||||||||||
Other foreign countries | 20,173 | 18,393 | |||||||||||||||||||||
Consolidated long-lived assets | $ | 597,202 | $ | 571,529 | |||||||||||||||||||
Schedule of foreign subsidiaries accounted for the percentages of total assets and total liabilities | ' | ||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Total Assets | 27 | % | 26 | % | |||||||||||||||||||
Total Liabilities | 6 | % | 3 | % | |||||||||||||||||||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Statements of Guarantors (Tables) | 12 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||
Condensed Consolidating Financial Statements of Guarantors | ' | |||||||||||||||||||||||||
Schedule of condensed consolidating balance sheet | ' | |||||||||||||||||||||||||
NBTY, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||||
As of September 30, 2014 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 77,550 | $ | 751 | $ | 61,187 | $ | 139,488 | ||||||||||||||||||
Accounts receivable, net | — | 130,749 | 44,952 | 175,701 | ||||||||||||||||||||||
Intercompany | 30,425 | — | 32,102 | (62,527 | ) | — | ||||||||||||||||||||
Inventories | — | 650,484 | 202,742 | — | 853,226 | |||||||||||||||||||||
Deferred income taxes | — | 27,002 | 1,913 | — | 28,915 | |||||||||||||||||||||
Other current assets | 19,932 | 18,049 | 40,843 | — | 78,824 | |||||||||||||||||||||
Total current assets | 127,907 | 827,035 | 383,739 | (62,527 | ) | 1,276,154 | ||||||||||||||||||||
Property, plant and equipment, net | 95,022 | 304,274 | 197,906 | — | 597,202 | |||||||||||||||||||||
Goodwill | — | 726,354 | 436,928 | — | 1,163,282 | |||||||||||||||||||||
Other intangible assets, net | — | 1,439,374 | 352,218 | — | 1,791,592 | |||||||||||||||||||||
Other assets | 41,286 | 8,115 | 91 | — | 49,492 | |||||||||||||||||||||
Intercompany loan receivable | 2,497,343 | 1,060,793 | — | (3,558,136 | ) | — | ||||||||||||||||||||
Investments in subsidiaries | 2,037,163 | 148,921 | — | (2,186,084 | ) | — | ||||||||||||||||||||
Total assets | $ | 4,798,721 | $ | 4,514,866 | $ | 1,370,882 | $ | (5,806,747 | ) | $ | 4,877,722 | |||||||||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 261 | $ | — | $ | 261 | ||||||||||||||||
Accounts payable | — | 140,761 | 87,116 | — | 227,877 | |||||||||||||||||||||
Intercompany | — | 62,527 | — | (62,527 | ) | — | ||||||||||||||||||||
Accrued expenses and other current liabilities | 34,282 | 112,136 | 74,638 | — | 221,056 | |||||||||||||||||||||
Total current liabilities | 34,282 | 315,424 | 162,015 | (62,527 | ) | 449,194 | ||||||||||||||||||||
Intercompany loan payable | 1,060,793 | 2,157,500 | 339,843 | (3,558,136 | ) | — | ||||||||||||||||||||
Long-term debt, net of current portion | 2,157,500 | — | 587 | — | 2,158,087 | |||||||||||||||||||||
Deferred income taxes | 22,280 | 586,116 | 99,566 | — | 707,962 | |||||||||||||||||||||
Other liabilities | 14,773 | 13,732 | 24,881 | — | 53,386 | |||||||||||||||||||||
Total liabilities | 3,289,628 | 3,072,772 | 626,892 | (3,620,663 | ) | 3,368,629 | ||||||||||||||||||||
Commitments and contingencies | ||||||||||||||||||||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Common stock | — | — | — | — | — | |||||||||||||||||||||
Capital in excess of par | 1,561,014 | 1,358,862 | 739,911 | (2,098,773 | ) | 1,561,014 | ||||||||||||||||||||
(Accumulated deficit) retained earnings | (22,718 | ) | 89,265 | 24,570 | (113,835 | ) | (22,718 | ) | ||||||||||||||||||
Accumulated other comprehensive income (loss) | (29,203 | ) | (6,033 | ) | (20,491 | ) | 26,524 | (29,203 | ) | |||||||||||||||||
Total stockholder's equity | 1,509,093 | 1,442,094 | 743,990 | (2,186,084 | ) | 1,509,093 | ||||||||||||||||||||
Total liabilities and stockholder's equity | $ | 4,798,721 | $ | 4,514,866 | $ | 1,370,882 | $ | (5,806,747 | ) | $ | 4,877,722 | |||||||||||||||
NBTY, INC. and SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 81,356 | $ | 35,357 | $ | 81,848 | $ | — | $ | 198,561 | ||||||||||||||||
Accounts receivable, net | — | 127,894 | 43,776 | — | 171,670 | |||||||||||||||||||||
Intercompany | 34,549 | — | 29,082 | (63,631 | ) | — | ||||||||||||||||||||
Inventories | — | 561,276 | 178,676 | — | 739,952 | |||||||||||||||||||||
Deferred income taxes | — | 23,004 | 633 | — | 23,637 | |||||||||||||||||||||
Other current assets | 19,033 | 24,104 | 35,442 | — | 78,579 | |||||||||||||||||||||
Total current assets | 134,938 | 771,635 | 369,457 | (63,631 | ) | 1,212,399 | ||||||||||||||||||||
Property, plant and equipment, net | 88,612 | 308,852 | 174,065 | — | 571,529 | |||||||||||||||||||||
Goodwill | — | 813,688 | 447,114 | — | 1,260,802 | |||||||||||||||||||||
Other intangible assets, net | — | 1,601,964 | 358,388 | — | 1,960,352 | |||||||||||||||||||||
Other assets | 61,218 | 6,937 | 79 | — | 68,234 | |||||||||||||||||||||
Intercompany loan receivable | 2,480,760 | 1,091,982 | — | (3,572,742 | ) | — | ||||||||||||||||||||
Investments in subsidiaries | 2,180,814 | 152,680 | — | (2,333,494 | ) | — | ||||||||||||||||||||
Total assets | $ | 4,946,342 | $ | 4,747,738 | $ | 1,349,103 | $ | (5,969,867 | ) | $ | 5,073,316 | |||||||||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 376 | $ | — | $ | 376 | ||||||||||||||||
Accounts payable | — | 195,712 | 63,348 | — | 259,060 | |||||||||||||||||||||
Intercompany | — | 63,631 | — | (63,631 | ) | — | ||||||||||||||||||||
Accrued expenses and other current liabilities | 38,407 | 109,865 | 71,494 | — | 219,766 | |||||||||||||||||||||
Total current liabilities | 38,407 | 369,208 | 135,218 | (63,631 | ) | 479,202 | ||||||||||||||||||||
Intercompany loan payable | 1,091,982 | 2,157,500 | 323,260 | (3,572,742 | ) | — | ||||||||||||||||||||
Long-term debt, net of current portion | 2,157,500 | — | 905 | — | 2,158,405 | |||||||||||||||||||||
Deferred income taxes | 14,151 | 637,726 | 99,542 | — | 751,419 | |||||||||||||||||||||
Other liabilities | 19,463 | 14,650 | 25,338 | — | 59,451 | |||||||||||||||||||||
Total liabilities | 3,321,503 | 3,179,084 | 584,263 | (3,636,373 | ) | 3,448,477 | ||||||||||||||||||||
Commitments and contingencies | ||||||||||||||||||||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Common stock | — | — | — | — | — | |||||||||||||||||||||
Capital in excess of par | 1,556,926 | 1,358,862 | 733,411 | (2,092,273 | ) | 1,556,926 | ||||||||||||||||||||
Retained earnings | 81,497 | 216,501 | 30,198 | (246,699 | ) | 81,497 | ||||||||||||||||||||
Accumulated other comprehensive income (loss) | (13,584 | ) | (6,709 | ) | 1,231 | 5,478 | (13,584 | ) | ||||||||||||||||||
Total stockholder's equity | 1,624,839 | 1,568,654 | 764,840 | (2,333,494 | ) | 1,624,839 | ||||||||||||||||||||
Total liabilities and stockholder's equity | $ | 4,946,342 | $ | 4,747,738 | $ | 1,349,103 | $ | (5,969,867 | ) | $ | 5,073,316 | |||||||||||||||
Schedule of condensed consolidating statement of income | ' | |||||||||||||||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2014 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,158,213 | $ | 1,160,397 | $ | (112,832 | ) | $ | 3,205,778 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,339,925 | 513,324 | (112,832 | ) | 1,740,417 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 163,894 | 38,860 | — | 202,754 | |||||||||||||||||||||
Selling, general and administrative | 96,771 | 459,309 | 396,453 | — | 952,533 | |||||||||||||||||||||
Goodwill and intangible asset impairment charges | — | 207,334 | — | — | 207,334 | |||||||||||||||||||||
96,771 | 2,170,462 | 948,637 | (112,832 | ) | 3,103,038 | |||||||||||||||||||||
Income (loss) from operations | (96,771 | ) | (12,249 | ) | 211,760 | — | 102,740 | |||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 157,567 | (137,589 | ) | (19,978 | ) | — | — | |||||||||||||||||||
Interest | (137,589 | ) | 1,106 | 445 | — | (136,038 | ) | |||||||||||||||||||
Miscellaneous, net | 1,497 | (1,665 | ) | (541 | ) | — | (709 | ) | ||||||||||||||||||
21,475 | (138,148 | ) | (20,074 | ) | — | (136,747 | ) | |||||||||||||||||||
Income (loss) before income taxes | (75,296 | ) | (150,397 | ) | 191,686 | — | (34,007 | ) | ||||||||||||||||||
Provision (benefit) for income taxes | (10,816 | ) | (24,416 | ) | 45,377 | — | 10,145 | |||||||||||||||||||
Equity in income of subsidiaries | 20,328 | 24,086 | — | (44,414 | ) | — | ||||||||||||||||||||
Net income (loss) | (44,152 | ) | (101,895 | ) | 146,309 | (44,414 | ) | (44,152 | ) | |||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | (18,799 | ) | (2,503 | ) | (21,722 | ) | 24,225 | (18,799 | ) | |||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 3,180 | 3,180 | — | (3,180 | ) | 3,180 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | (15,619 | ) | 677 | (21,722 | ) | 21,045 | (15,619 | ) | ||||||||||||||||||
Comprehensive income (loss) | $ | (59,771 | ) | $ | (101,218 | ) | $ | 124,587 | $ | (23,369 | ) | $ | (59,771 | ) | ||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2013 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,226,010 | $ | 1,040,601 | $ | (103,570 | ) | $ | 3,163,041 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,343,613 | 460,866 | (103,570 | ) | 1,700,909 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 153,418 | 36,067 | — | 189,485 | |||||||||||||||||||||
Selling, general and administrative | 103,625 | 458,065 | 348,497 | — | 910,187 | |||||||||||||||||||||
Facility restructuring charges | — | 32,695 | 32,695 | |||||||||||||||||||||||
103,625 | 1,987,791 | 845,430 | (103,570 | ) | 2,833,276 | |||||||||||||||||||||
Income (loss) from operations | (103,625 | ) | 238,219 | 195,171 | — | 329,765 | ||||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 162,091 | (147,676 | ) | (14,415 | ) | — | — | |||||||||||||||||||
Interest | (147,676 | ) | — | 576 | — | (147,100 | ) | |||||||||||||||||||
Miscellaneous, net | (341 | ) | 9,532 | (7,498 | ) | — | 1,693 | |||||||||||||||||||
14,074 | (138,144 | ) | (21,337 | ) | — | (145,407 | ) | |||||||||||||||||||
Income (loss) before income taxes | (89,551 | ) | 100,075 | 173,834 | — | 184,358 | ||||||||||||||||||||
Provision (benefit) for income taxes | (26,871 | ) | 33,075 | 48,674 | — | 54,878 | ||||||||||||||||||||
Equity in income of subsidiaries | 192,160 | 20,010 | — | (212,170 | ) | — | ||||||||||||||||||||
Net income (loss) | 129,480 | 87,010 | 125,160 | (212,170 | ) | 129,480 | ||||||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | 605 | (2,950 | ) | 2,191 | 759 | 605 | ||||||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 4,405 | 4,405 | — | (4,405 | ) | 4,405 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | 5,010 | 1,455 | 2,191 | (3,646 | ) | 5,010 | ||||||||||||||||||||
Comprehensive income (loss) | $ | 134,490 | $ | 88,465 | $ | 127,351 | $ | (215,816 | ) | $ | 134,490 | |||||||||||||||
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||||||
Year Ended September 30, 2012 | ||||||||||||||||||||||||||
Parent | Guarantor | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||||||||
Company | Subsidiaries | Subsidiaries | ||||||||||||||||||||||||
Net sales | $ | — | $ | 2,173,443 | $ | 947,941 | $ | (121,651 | ) | $ | 2,999,733 | |||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of sales | — | 1,303,122 | 426,965 | (121,651 | ) | 1,608,436 | ||||||||||||||||||||
Advertising, promotion and catalog | — | 134,076 | 30,222 | — | 164,298 | |||||||||||||||||||||
Selling, general and administrative | 77,156 | 431,047 | 324,426 | — | 832,629 | |||||||||||||||||||||
77,156 | 1,868,245 | 781,613 | (121,651 | ) | 2,605,363 | |||||||||||||||||||||
Income (loss) from operations | (77,156 | ) | 305,198 | 166,328 | — | 394,370 | ||||||||||||||||||||
Other income (expense): | ||||||||||||||||||||||||||
Intercompany interest | 163,353 | (158,584 | ) | (4,769 | ) | — | — | |||||||||||||||||||
Interest | (158,584 | ) | — | — | — | (158,584 | ) | |||||||||||||||||||
Miscellaneous, net | 365 | 1,564 | (2,932 | ) | — | (1,003 | ) | |||||||||||||||||||
5,134 | (157,020 | ) | (7,701 | ) | — | (159,587 | ) | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | (72,022 | ) | 148,178 | 158,627 | — | 234,783 | ||||||||||||||||||||
(Benefit) provision for income taxes | (27,021 | ) | 47,870 | 44,415 | — | 65,264 | ||||||||||||||||||||
Equity in income of subsidiaries | 191,472 | 16,525 | — | (207,997 | ) | — | ||||||||||||||||||||
Income (loss) from continuing operations | 146,471 | 116,833 | 114,212 | (207,997 | ) | 169,519 | ||||||||||||||||||||
Loss from discontinued operations, net of income taxes | — | — | (23,048 | ) | — | (23,048 | ) | |||||||||||||||||||
Net income (loss) | 146,471 | 116,833 | 91,164 | (207,997 | ) | 146,471 | ||||||||||||||||||||
Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes | 16,740 | 2,500 | 13,193 | (15,693 | ) | 16,740 | ||||||||||||||||||||
Change in fair value of interest rate swaps, net of taxes | 2,431 | 2,431 | — | (2,431 | ) | 2,431 | ||||||||||||||||||||
Total other comprehensive income (loss), net of tax | 19,171 | 4,931 | 13,193 | (18,124 | ) | 19,171 | ||||||||||||||||||||
Comprehensive income (loss) | $ | 165,642 | $ | 121,764 | $ | 104,357 | $ | (226,121 | ) | $ | 165,642 | |||||||||||||||
Schedule of condensed consolidating statement of cash flows | ' | |||||||||||||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2014 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net (loss) income | $ | (44,152 | ) | $ | (101,895 | ) | $ | 146,309 | $ | (44,414 | ) | $ | (44,152 | ) | ||||||||||||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (20,328 | ) | (24,086 | ) | — | 44,414 | — | |||||||||||||||||||
Impairments and disposals of assets | — | 213,314 | 1,499 | — | 214,813 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 11,956 | 28,234 | 20,340 | — | 60,530 | |||||||||||||||||||||
Amortization of intangible assets | — | 42,590 | 3,437 | — | 46,027 | |||||||||||||||||||||
Foreign currency transaction loss (gain) | — | 1,372 | 330 | — | 1,702 | |||||||||||||||||||||
Amortization and write-off of financing fees | 19,033 | — | — | — | 19,033 | |||||||||||||||||||||
Stock-based compensation | 3,521 | 185 | 382 | — | 4,088 | |||||||||||||||||||||
Allowance for doubtful accounts | — | 407 | 581 | — | 988 | |||||||||||||||||||||
Inventory reserves | — | 2,874 | 3,132 | — | 6,006 | |||||||||||||||||||||
Deferred income taxes | — | (49,158 | ) | 277 | — | (48,881 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||
Accounts receivable | — | (3,956 | ) | (2,744 | ) | — | (6,700 | ) | ||||||||||||||||||
Inventories | — | (88,597 | ) | (34,474 | ) | — | (123,071 | ) | ||||||||||||||||||
Other assets | — | 7,451 | (7,079 | ) | — | 372 | ||||||||||||||||||||
Accounts payable | — | (56,196 | ) | 25,264 | — | (30,932 | ) | |||||||||||||||||||
Accrued expenses and other liabilities | — | (973 | ) | 3,894 | — | 2,921 | ||||||||||||||||||||
Dividends received | 126,596 | 25,341 | — | (151,937 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | (545 | ) | 545 | — | — | ||||||||||||||||||||
Cash (used in) provided by operating activities | 96,626 | (3,638 | ) | 161,693 | (151,937 | ) | 102,744 | |||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (22,031 | ) | (34,701 | ) | (48,475 | ) | — | (105,207 | ) | |||||||||||||||||
Proceeds from sale of building | — | 7,178 | 10 | — | 7,188 | |||||||||||||||||||||
Investment in subsidiary | (6,500 | ) | — | — | 6,500 | — | ||||||||||||||||||||
Net cash used in investing activities | (28,531 | ) | (27,523 | ) | (48,465 | ) | 6,500 | (98,019 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term agreements | — | — | (378 | ) | — | (378 | ) | |||||||||||||||||||
Dividends paid | (60,063 | ) | — | (151,937 | ) | 151,937 | (60,063 | ) | ||||||||||||||||||
Capital contribution | — | — | 6,500 | (6,500 | ) | — | ||||||||||||||||||||
Intercompany accounts | (11,838 | ) | (3,445 | ) | 15,283 | — | — | |||||||||||||||||||
Net cash used in financing activities | (71,901 | ) | (3,445 | ) | (130,532 | ) | 145,437 | (60,441 | ) | |||||||||||||||||
Effect of exchange rate changes on cash | — | — | (3,357 | ) | — | (3,357 | ) | |||||||||||||||||||
Net decrease in cash and cash equivalents | (3,806 | ) | (34,606 | ) | (20,661 | ) | — | (59,073 | ) | |||||||||||||||||
Cash and cash equivalents at beginning of year | 81,356 | 35,357 | 81,848 | — | 198,561 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 77,550 | $ | 751 | $ | 61,187 | $ | — | $ | 139,488 | ||||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2013 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net (loss) income | $ | 129,480 | $ | 87,010 | $ | 125,160 | $ | (212,170 | ) | $ | 129,480 | |||||||||||||||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (192,160 | ) | (20,010 | ) | — | 212,170 | — | |||||||||||||||||||
Impairments and disposals of assets | — | 5,014 | 255 | — | 5,269 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 8,213 | 40,124 | 16,546 | — | 64,883 | |||||||||||||||||||||
Amortization of intangible assets | — | 42,341 | 3,412 | — | 45,753 | |||||||||||||||||||||
Foreign currency transaction loss (gain) | (745 | ) | — | (201 | ) | — | (946 | ) | ||||||||||||||||||
Amortization and write-off of financing fees | 22,504 | — | — | — | 22,504 | |||||||||||||||||||||
Stock-based compensation | 1,845 | 72 | 126 | — | 2,043 | |||||||||||||||||||||
Allowance for doubtful accounts | — | (2,587 | ) | — | — | (2,587 | ) | |||||||||||||||||||
Amortization of incremental inventory fair value | — | 2,417 | — | — | 2,417 | |||||||||||||||||||||
Inventory reserves | — | 2,042 | — | — | 2,042 | |||||||||||||||||||||
Deferred income taxes | — | 5,293 | — | — | 5,293 | |||||||||||||||||||||
Call premium on term loan | (15,075 | ) | — | — | — | (15,075 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||
Accounts receivable | — | 9,126 | (13,822 | ) | — | (4,696 | ) | |||||||||||||||||||
Inventories | — | (11,297 | ) | (3,053 | ) | — | (14,350 | ) | ||||||||||||||||||
Other assets | — | 1,721 | (5,454 | ) | — | (3,733 | ) | |||||||||||||||||||
Accounts payable | — | 42,331 | 3,422 | — | 45,753 | |||||||||||||||||||||
Accrued expenses and other liabilities | — | 20,544 | 6,982 | — | 27,526 | |||||||||||||||||||||
Dividends received | 62,010 | 27,589 | — | (89,599 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | 44,124 | (44,124 | ) | — | — | ||||||||||||||||||||
Net cash provided by operating activities | 16,072 | 295,854 | 89,249 | (89,599 | ) | 311,576 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (35,186 | ) | (59,039 | ) | (34,995 | ) | — | (129,220 | ) | |||||||||||||||||
Proceeds from sale of building | 7,548 | — | — | — | 7,548 | |||||||||||||||||||||
Cash paid for acquisitions, net of cash acquired | (77,936 | ) | (4,537 | ) | — | — | (82,473 | ) | ||||||||||||||||||
Cash used in investing activities | (105,574 | ) | (63,576 | ) | (34,995 | ) | — | (204,145 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term agreements | — | — | (603 | ) | — | (603 | ) | |||||||||||||||||||
Proceeds from borrowings under the revolver | 80,000 | — | — | — | 80,000 | |||||||||||||||||||||
Paydowns of borrowings under the revolver | (80,000 | ) | — | — | — | (80,000 | ) | |||||||||||||||||||
Payments for financing fees | (7,387 | ) | — | — | — | (7,387 | ) | |||||||||||||||||||
Dividends paid | (216,926 | ) | — | (89,599 | ) | 89,599 | (216,926 | ) | ||||||||||||||||||
Intercompany | 211,510 | (211,510 | ) | — | — | — | ||||||||||||||||||||
Net cash used in financing activities | (12,803 | ) | (211,510 | ) | (90,202 | ) | 89,599 | (224,916 | ) | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 910 | — | 910 | |||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (102,305 | ) | 20,768 | (35,038 | ) | — | (116,575 | ) | ||||||||||||||||||
Cash and cash equivalents at beginning of year | 183,661 | 14,589 | 116,886 | — | 315,136 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 81,356 | $ | 35,357 | $ | 81,848 | $ | — | $ | 198,561 | ||||||||||||||||
NBTY, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||||
Fiscal Year Ended September 30, 2012 | ||||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Consolidated | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||
Net income | $ | 146,471 | $ | 116,833 | $ | 91,164 | $ | (207,997 | ) | $ | 146,471 | |||||||||||||||
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | (191,472 | ) | (16,525 | ) | — | 207,997 | — | |||||||||||||||||||
Impairments and disposals of assets, net | — | 266 | 498 | — | 764 | |||||||||||||||||||||
Loss from discontinued operations | — | — | 23,048 | — | 23,048 | |||||||||||||||||||||
Depreciation of property, plant and equipment | 5,275 | 37,603 | 15,433 | — | 58,311 | |||||||||||||||||||||
Amortization of intangible assets | — | 40,680 | 3,280 | — | 43,960 | |||||||||||||||||||||
Foreign currency transaction gain | (12 | ) | — | (277 | ) | — | (289 | ) | ||||||||||||||||||
Stock-based compensation | 2,482 | 72 | 126 | — | 2,680 | |||||||||||||||||||||
Amortization and write-off of deferred charges | 23,700 | — | — | — | 23,700 | |||||||||||||||||||||
Allowance for doubtful accounts | — | 297 | — | — | 297 | |||||||||||||||||||||
Inventory reserves | — | (2,652 | ) | — | — | (2,652 | ) | |||||||||||||||||||
Deferred income taxes | — | (23,852 | ) | 6,795 | — | (17,057 | ) | |||||||||||||||||||
Changes in operating assets and liabilities, net of acquisition: | ||||||||||||||||||||||||||
Accounts receivable | — | (18,843 | ) | (3,537 | ) | — | (22,380 | ) | ||||||||||||||||||
Inventories | — | (28,139 | ) | (16,651 | ) | — | (44,790 | ) | ||||||||||||||||||
Other assets | — | 2,066 | (4,213 | ) | — | (2,147 | ) | |||||||||||||||||||
Accounts payable | — | 14,220 | 1,877 | — | 16,097 | |||||||||||||||||||||
Accrued expenses and other liabilities | — | (14,924 | ) | 20,415 | — | 5,491 | ||||||||||||||||||||
Dividends recevied | 145,174 | 3,186 | — | (148,360 | ) | — | ||||||||||||||||||||
Intercompany accounts | — | (22,778 | ) | 22,778 | — | — | ||||||||||||||||||||
Cash provided by operating activities of continuing operations | 131,618 | 87,510 | 160,736 | (148,360 | ) | 231,504 | ||||||||||||||||||||
Cash provided by operating activities of discontinued operations | — | — | 2,546 | — | 2,546 | |||||||||||||||||||||
Net cash provided by operating activities | 131,618 | 87,510 | 163,282 | (148,360 | ) | 234,050 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||
Purchase of property, plant and equipment | (20,287 | ) | (41,182 | ) | (24,845 | ) | — | (86,314 | ) | |||||||||||||||||
Net proceeds from sale of discontinued operations | 515 | — | — | — | 515 | |||||||||||||||||||||
Net cash used in investing activities of continuing operations | (19,772 | ) | (41,182 | ) | (24,845 | ) | — | (85,799 | ) | |||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||
Principal payments under long-term debt agreements and capital leases | (224,325 | ) | — | (5,050 | ) | — | (229,375 | ) | ||||||||||||||||||
Capital contribution | 15 | — | — | — | 15 | |||||||||||||||||||||
Dividends paid | — | — | (148,360 | ) | 148,360 | — | ||||||||||||||||||||
Intercompany | 35,027 | (35,027 | ) | — | — | — | ||||||||||||||||||||
Net cash used in financing activities | (189,283 | ) | (35,027 | ) | (153,410 | ) | 148,360 | (229,360 | ) | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 1,839 | — | 1,839 | |||||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | (77,437 | ) | 11,301 | (13,134 | ) | — | (79,270 | ) | ||||||||||||||||||
Change in cash for discontinued operations | — | — | 1,071 | — | 1,071 | |||||||||||||||||||||
Cash and cash equivalents at beginning of year | 261,098 | 3,288 | 128,949 | — | 393,335 | |||||||||||||||||||||
Cash and cash equivalents at end of year | $ | 183,661 | $ | 14,589 | $ | 116,886 | $ | — | $ | 315,136 | ||||||||||||||||
Schedule of condensed financial statements | ' | |||||||||||||||||||||||||
Parent Company | Guarantor Subsidiaries | Non-Guarantor | Eliminations | |||||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||||
($ in millions) | As Reported | As Revised | As Reported | As Revised | As Reported | As Revised | As Reported | As Revised | ||||||||||||||||||
Consolidating Balance sheets as of September 30, 2013 | ||||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||
Intercompany | $ | 857.7 | $ | 34.5 | $ | — | $ | — | $ | 264.1 | $ | 29.1 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Other current assets | $ | — | $ | 19 | $ | 43.1 | $ | 24.1 | $ | 35.4 | $ | 35.4 | $ | — | $ | — | ||||||||||
Total current assets | $ | 939 | $ | 134.9 | $ | 790.7 | $ | 771.6 | $ | 604.4 | $ | 369.5 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Other assets | 61.2 | 68.2 | 6.9 | 0.1 | 0.1 | |||||||||||||||||||||
$ | — | $ | $ | $ | $ | $ | $ | — | $ | — | ||||||||||||||||
Intercompany | $ | 323.3 | $ | 2,480.80 | $ | — | $ | 1,092.00 | $ | — | $ | — | $ | (323.3 | ) | $ | (3,572.7 | ) | ||||||||
Investments in subsidiaries | $ | 3,211.10 | $ | 2,180.80 | $ | — | $ | 152.7 | $ | — | $ | — | $ | (3,211.1 | ) | $ | (2,333.5 | ) | ||||||||
Total assets | $ | 4,562.00 | $ | 4,946.30 | $ | 3,583.30 | $ | 4,747.70 | $ | 1,584.10 | $ | 1,349.10 | $ | (4,656.1 | ) | $ | (5,969.9 | ) | ||||||||
Liabilities and Stockholder's Equity | ||||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||||
Intercompany | $ | — | $ | — | $ | 1,121.80 | $ | 63.6 | $ | — | $ | — | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Total current liabilities | $ | 38.4 | $ | 38.4 | $ | 1,427.30 | $ | 369.2 | $ | 135.2 | $ | 135.2 | $ | (1,121.8 | ) | $ | (63.6 | ) | ||||||||
Intercompany | 1,092.00 | 2,157.50 | 323.3 | 323.3 | (323.3 | (3,572.7 | ||||||||||||||||||||
$ | — | $ | $ | — | $ | $ | $ | $ | ) | $ | ) | |||||||||||||||
Deferred income taxes | $ | 721.8 | $ | 14.2 | $ | 22 | $ | 637.7 | $ | 7.5 | $ | 99.5 | $ | — | $ | — | ||||||||||
Total liabilities | $ | 2,937.20 | $ | 3,321.50 | $ | 1,464.00 | $ | 3,179.00 | $ | 492.3 | $ | 584.3 | $ | (1,445.0 | ) | $ | (3,636.4 | ) | ||||||||
Stockholder's Equity: | ||||||||||||||||||||||||||
Capital in excess of par | $ | 1,556.90 | $ | 1,556.90 | $ | 352 | $ | 1,358.90 | $ | 301.3 | $ | 733.4 | $ | (653.3 | ) | $ | (2,092.3 | ) | ||||||||
Retained earnings | $ | 81.5 | $ | 81.5 | $ | 1,767.30 | $ | 216.5 | $ | 789.3 | $ | 30.2 | $ | (2,556.6 | ) | $ | (246.7 | ) | ||||||||
Accumulated other comprehensive income (loss) | $ | (13.6 | ) | $ | (13.6 | ) | $ | — | $ | (6.7 | ) | $ | 1.2 | $ | 1.2 | $ | (1.2 | ) | $ | 5.5 | ||||||
Total stockholder's equity | $ | 1,624.80 | $ | 1,624.80 | $ | 2,119.30 | $ | 1,568.70 | $ | 1,091.80 | $ | 764.8 | $ | (3,211.1 | ) | $ | (2,333.5 | ) | ||||||||
Total liabilities and stockholder's equity | $ | 4,562.00 | $ | 4,946.30 | $ | 3,583.30 | $ | 4,747.70 | $ | 1,584.10 | $ | 1,349.10 | $ | (4,656.1 | ) | $ | (5,969.9 | ) | ||||||||
Consolidating Statements of Operations and Comprehensive Income (Loss) for the year ended September 30, 2013 | ||||||||||||||||||||||||||
Selling, general and administrative | 103.6 | 103.6 | 458.1 | 458.1 | 348.5 | 348.5 | ||||||||||||||||||||
$ | $ | $ | $ | $ | $ | $ | — | $ | — | |||||||||||||||||
Income (loss) from operations | $ | (103.6 | ) | $ | (103.6 | ) | $ | 238.2 | $ | 238.2 | $ | 195.2 | $ | 195.2 | $ | — | $ | — | ||||||||
Intercompany interest | $ | 14.4 | $ | 162.1 | $ | — | $ | (147.7 | ) | $ | (14.4 | ) | $ | (14.4 | ) | $ | — | $ | — | |||||||
Miscellaneous, net | $ | (0.3 | ) | $ | (0.3 | ) | $ | 9.5 | $ | 9.5 | $ | (7.5 | ) | $ | (7.5 | ) | $ | — | $ | — | ||||||
Total other income (expense) | $ | (133.6 | ) | $ | 14.1 | $ | 9.5 | $ | (138.1 | ) | $ | (21.3 | ) | $ | (21.3 | ) | $ | — | $ | — | ||||||
Income (loss) before income taxes | $ | (237.2 | ) | $ | (89.6 | ) | $ | 247.8 | $ | 100.1 | $ | 173.8 | $ | 173.8 | $ | — | $ | — | ||||||||
Provision (benefit) for income taxes | $ | (71.2 | ) | $ | (26.9 | ) | $ | 77.4 | $ | 33.1 | $ | 48.7 | $ | 48.7 | $ | — | $ | — | ||||||||
Equity in income of subsidiaries | $ | 295.5 | $ | 192.2 | $ | — | $ | 20 | $ | — | $ | — | $ | (295.5 | ) | $ | (212.2 | ) | ||||||||
Net income (loss) | $ | 129.5 | $ | 129.5 | $ | 170.4 | $ | 87 | $ | 125.2 | $ | 125.2 | $ | (295.5 | ) | $ | (212.2 | ) | ||||||||
Foreign currency translation adjustment, net of taxes | $ | (0.7 | ) | $ | 0.6 | $ | — | $ | (3.0 | ) | $ | 2.2 | $ | 2.2 | $ | (2.2 | ) | $ | 0.8 | |||||||
Change in fair value of interest rate swaps, net of taxes | $ | 5.7 | $ | 4.4 | $ | — | $ | 4.4 | $ | — | $ | — | $ | — | $ | (4.4 | ) | |||||||||
Comprehensive income (loss) | $ | 134.5 | $ | 134.5 | $ | 170.4 | $ | 88.5 | $ | 127.4 | $ | 127.4 | $ | (297.7 | ) | $ | (215.8 | ) | ||||||||
Consolidating Statements of Operations and Comprehensive Income (Loss) for the year ended September 30, 2012 | ||||||||||||||||||||||||||
Selling, general and administrative | 77.2 | 77.2 | 431 | 431 | 324.4 | 324.4 | ||||||||||||||||||||
$ | $ | $ | $ | $ | $ | $ | — | $ | — | |||||||||||||||||
Income (loss) from operations | $ | (77.2 | ) | $ | (77.2 | ) | $ | 305.2 | $ | 305.2 | $ | 166.3 | $ | 166.3 | $ | — | $ | — | ||||||||
Intercompany interest | $ | 4.8 | $ | 163.4 | $ | — | $ | (158.6 | ) | $ | (4.8 | ) | $ | (4.8 | ) | $ | — | $ | — | |||||||
Miscellaneous, net | $ | 0.4 | $ | 0.4 | $ | 1.6 | $ | 1.6 | $ | (2.9 | ) | $ | (2.9 | ) | $ | — | $ | — | ||||||||
Total other income (expense) | $ | (153.5 | ) | $ | 5.1 | $ | 1.6 | $ | (157.0 | ) | $ | (7.7 | ) | $ | (7.7 | ) | $ | — | $ | — | ||||||
Income (loss) before income taxes | $ | (230.6 | ) | $ | (72.0 | ) | $ | 306.8 | $ | 148.2 | $ | 158.6 | $ | 158.6 | $ | — | $ | — | ||||||||
Provision (benefit) for income taxes | $ | (86.5 | ) | $ | (27.0 | ) | $ | 107.4 | $ | 47.9 | $ | 44.4 | $ | 44.4 | $ | — | $ | — | ||||||||
Equity in income of subsidiaries | $ | 290.6 | $ | 191.5 | $ | — | $ | 16.5 | $ | — | $ | — | $ | (290.6 | ) | $ | (208.0 | ) | ||||||||
Net income (loss) | $ | 146.5 | $ | 146.5 | $ | 199.4 | $ | 116.8 | $ | 91.2 | $ | 91.2 | $ | (290.6 | ) | $ | (208.0 | ) | ||||||||
Foreign currency translation adjustment, net of taxes | $ | 23.1 | $ | 16.7 | $ | — | $ | 2.5 | $ | 13.2 | $ | 13.2 | $ | (13.2 | ) | $ | (15.7 | ) | ||||||||
Change in fair value of interest rate swaps, net of taxes | $ | (3.9 | ) | $ | 2.4 | $ | — | $ | 2.4 | $ | — | $ | — | $ | — | $ | (2.4 | ) | ||||||||
Comprehensive income (loss) | $ | 165.6 | $ | 165.6 | $ | 199.4 | $ | 121.8 | $ | 104.4 | $ | 104.4 | $ | (303.8 | ) | $ | (226.1 | ) | ||||||||
Consolidating Statements of cash flows for the year ended September 30, 2013 | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | $ | (295.5 | ) | $ | (192.2 | ) | $ | — | $ | (20.0 | ) | $ | — | $ | — | $ | 295.5 | $ | 212.2 | |||||||
Dividends received | $ | — | $ | 62 | $ | — | $ | 27.6 | $ | — | $ | — | $ | — | $ | (89.6 | ) | |||||||||
Intercompany accounts | $ | 378 | $ | — | $ | (243.7 | ) | $ | 44.1 | $ | (134.3 | ) | $ | (44.1 | ) | $ | — | $ | — | |||||||
Cash provided by (used in) operating activities | $ | 227.6 | $ | 16.1 | $ | 84.9 | $ | 295.9 | $ | (1.0 | ) | $ | 89.2 | $ | — | $ | (89.6 | ) | ||||||||
Cash paid for acquisitions, net of cash acquired | $ | (77.9 | ) | $ | (77.9 | ) | $ | (4.5 | ) | $ | (4.5 | ) | $ | — | $ | — | $ | — | $ | — | ||||||
Cash used in investing activities | $ | (105.6 | ) | $ | (105.6 | ) | $ | (63.6 | ) | $ | (63.6 | ) | $ | (35.0 | ) | $ | (35.0 | ) | $ | — | $ | — | ||||
Dividends paid | $ | (216.9 | ) | $ | (216.9 | ) | $ | — | $ | — | $ | — | $ | (89.6 | ) | $ | — | $ | 89.6 | |||||||
Cash used in financing activities | $ | (224.3 | ) | $ | (12.8 | ) | $ | (0.6 | ) | $ | (211.5 | ) | $ | — | $ | (90.2 | ) | $ | — | $ | 89.6 | |||||
Consolidating Statements of cash flows for the year ended September 30, 2012 | ||||||||||||||||||||||||||
Equity in earnings of subsidiaries | $ | (290.6 | ) | $ | (191.5 | ) | $ | — | $ | (16.5 | ) | $ | — | $ | — | $ | 290.6 | $ | 208 | |||||||
Dividends received | $ | — | $ | 145.2 | $ | — | $ | 3.2 | $ | — | $ | — | $ | — | $ | (148.4 | ) | |||||||||
Intercompany accounts | $ | 279.3 | $ | — | $ | (153.7 | ) | $ | (22.8 | ) | $ | (125.6 | ) | $ | 22.8 | $ | — | $ | — | |||||||
Cash provided by (used in) operating activities | $ | 166.6 | $ | 131.6 | $ | 52.5 | $ | 87.5 | $ | 14.9 | $ | 163.3 | $ | — | $ | (148.4 | ) | |||||||||
Dividends paid | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (148.4 | ) | $ | — | $ | 148.4 | |||||||||
Cash used in financing activities | $ | (224.3 | ) | $ | (189.3 | ) | $ | — | $ | (35.0 | ) | $ | (5.1 | ) | $ | (153.4 | ) | $ | — | $ | 148.4 | |||||
Quarterly_Results_of_Operation1
Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Quarterly Results of Operations (Unaudited) | ' | |||||||||||||
Summary of unaudited quarterly results of operations | ' | |||||||||||||
Quarter ended | ||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||
2013 | 2014 | 2014 | 2014(1) | |||||||||||
Fiscal 2014: | ||||||||||||||
Net sales | $ | 827,105 | $ | 779,026 | $ | 806,961 | $ | 792,686 | ||||||
Gross profit | 385,387 | 347,945 | 375,757 | 356,272 | ||||||||||
Income (loss) from continuing operations before income taxes | 80,353 | 15,468 | 48,028 | (177,856 | ) | |||||||||
Net income (loss) | 53,821 | 9,900 | 33,267 | (141,140 | ) | |||||||||
Quarter ended | ||||||||||||||
December 31, | March 31, | June 30, | September 30, | |||||||||||
2012 | 2013(2) | 2013 | 2013 | |||||||||||
Fiscal 2013: | ||||||||||||||
Net sales | $ | 789,227 | $ | 757,874 | $ | 802,829 | $ | 813,111 | ||||||
Gross profit | 360,478 | 343,858 | 377,959 | 379,836 | ||||||||||
Income (loss) from continuing operations before income taxes | 68,440 | (18,050 | ) | 70,203 | 63,764 | |||||||||
Net income (loss) | 45,171 | (10,401 | ) | 51,250 | 43,461 | |||||||||
-1 | Includes charges of $207,334 relating to the goodwill and intangible asset impairment charges (see Note 8). | |||||||||||||
-2 | Includes charges of $30,200 relating to the facility restructuring (see Note 3) and $12,000 relating to the accrual of an anticipated legal settlement (see Note 12). | |||||||||||||
Nature_of_Business_Details
Nature of Business (Details) | 12 Months Ended |
Sep. 30, 2014 | |
item | |
segment | |
Nature of Business | ' |
Number of Operating Segments | 4 |
Number of individual stock keeping units (SKUs) | 25,000 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Promotional program incentive allowances | Promotional program incentive allowances | Promotional program incentive allowances | Promotional program incentive allowances | Allowance for sales returns | Allowance for sales returns | Allowance for sales returns | Allowance for sales returns | Allowance for doubtful accounts | Allowance for doubtful accounts | Allowance for doubtful accounts | Allowance for doubtful accounts | |||||
Sales Returns and Other Allowances | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of past years history in business on which reasonable and reliable estimates of product returns is based | ' | '40 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reserve information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total accounts receivable reserves | $101,741 | $101,741 | $98,848 | ' | $83,768 | $82,827 | $71,845 | $74,593 | $15,409 | $13,549 | $10,360 | $10,793 | $2,564 | $2,472 | $5,244 | $5,376 |
Accruals for Litigation and Other Contingencies | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Litigation and other contingency reserve | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shipping and Handling Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shipping and handling costs | ' | 97,382 | 92,062 | 85,784 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts billed to customers | ' | 20,862 | 14,050 | 13,831 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising, Promotion and Catalog | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising cost amortization period | ' | '2 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized costs for mail order catalogs | 671 | 671 | 740 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total mail order catalog expense | ' | 9,093 | 7,713 | 9,378 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and Intangible Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment adjustments | $207,334 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Facility_Restructuring_Charge_1
Facility Restructuring Charge (Details) (USD $) | 3 Months Ended | 12 Months Ended | 21 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Closure of facilities | Closure of facilities | Closure of facilities | Closure of facilities | Closure of facilities | Closure of facilities | Closure of facilities | Closure of facilities | |||
Accelerated depreciation | Workforce Reductions | Workforce Reductions | Facility Costs | Facility Costs | ||||||
Reconciliation of charges to accrued expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restructuring accrual at the beginning of the period | ' | ' | $15,085 | ' | ' | ' | $12,436 | ' | $2,649 | ' |
Restructuring charge | 30,200 | 32,695 | ' | 20,107 | 32,695 | ' | ' | 16,752 | ' | 3,355 |
Cash payments | ' | ' | -11,869 | -4,880 | ' | ' | -10,140 | -4,316 | -1,729 | -564 |
Other | ' | ' | -246 | -142 | ' | ' | ' | ' | -246 | -142 |
Restructuring accrual at the end of the period | ' | ' | 2,970 | 15,085 | 2,970 | ' | 2,296 | 12,436 | 674 | 2,649 |
Noncash charges, which consists primarily of incremental depreciation | ' | ' | ' | ' | ' | $12,588 | ' | ' | ' | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2012 | Jul. 02, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Aug. 31, 2012 |
Julian Graves | Julian Graves | Julian Graves | Le Naturiste | Le Naturiste | |||||||
Discontinued Operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales price of assets and liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,600 |
Results of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 43,999 | 17,228 | ' |
Impairments and deconsolidation loss | ' | ' | ' | ' | ' | ' | ' | ' | -27,509 | ' | ' |
Loss on sale of business | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,088 | ' |
Loss from operations, before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -27,682 | -4,431 | ' |
Benefit for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -9,065 | ' | ' |
Loss, net of income taxes | 43,461 | 51,250 | -10,401 | 45,171 | ' | -23,048 | ' | ' | -18,617 | -4,431 | ' |
Additional disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | 207,334 | ' | ' | 20,106 | ' | ' | ' |
Deconsolidation loss | ' | ' | ' | ' | ' | ' | $7,403 | ' | ' | ' | ' |
Acquisitions_Details
Acquisitions (Details) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Nov. 26, 2012 | Nov. 26, 2012 | Nov. 26, 2012 | Nov. 26, 2012 | Nov. 26, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | USD ($) | USD ($) | USD ($) | Balance Bar Company | Balance Bar Company | Balance Bar Company | Balance Bar Company | Balance Bar Company | Essenza | Essenza | Essenza |
USD ($) | Tradenames | Tradenames | Customer relationships | Customer relationships | USD ($) | NBTY Europe Limited | NBTY Europe Limited | ||||
USD ($) | USD ($) | USD ($) | EUR (€) | ||||||||
item | item | ||||||||||
Acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash consideration | ' | ' | ' | $77,978 | ' | ' | ' | ' | ' | ' | ' |
Amortization period | ' | ' | ' | ' | '30 years | ' | '22 years | ' | ' | ' | ' |
Number of stores | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 13 |
Total net purchase price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,163 | 3,200 |
Allocated to: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangibles assets | ' | ' | ' | ' | ' | 26,000 | ' | 29,000 | ' | ' | ' |
Goodwill | $1,163,282 | $1,260,802 | $1,220,315 | $35,500 | ' | ' | ' | ' | $4,200 | ' | ' |
Inventories_Details
Inventories (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Inventories | ' | ' |
Raw materials | $217,697 | $195,713 |
Work-in-process | 20,898 | 25,068 |
Finished goods | 614,631 | 519,171 |
Total inventories | $853,226 | $739,952 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | $800,482 | $743,386 | ' |
Less accumulated depreciation and amortization | -203,280 | -171,857 | ' |
Property, plant and equipment, net | 597,202 | 571,529 | ' |
Depreciation and amortization of property, plant and equipment | 60,530 | 64,883 | 58,311 |
Land | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 66,833 | 70,597 | ' |
Buildings and leasehold improvements | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 279,112 | 272,833 | ' |
Buildings and leasehold improvements | Minimum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '4 years | ' | ' |
Buildings and leasehold improvements | Maximum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '40 years | ' | ' |
Machinery and equipment | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 163,095 | 166,810 | ' |
Machinery and equipment | Minimum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '3 years | ' | ' |
Machinery and equipment | Maximum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '13 years | ' | ' |
Furniture and fixtures | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 121,907 | 103,259 | ' |
Furniture and fixtures | Minimum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '3 years | ' | ' |
Furniture and fixtures | Maximum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '10 years | ' | ' |
Computer software and equipment | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 140,628 | 81,356 | ' |
Computer software and equipment | Minimum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '3 years | ' | ' |
Computer software and equipment | Maximum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '7 years | ' | ' |
Transportation equipment | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | 6,138 | 6,044 | ' |
Transportation equipment | Minimum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '3 years | ' | ' |
Transportation equipment | Maximum | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Depreciation and amortization period | '4 years | ' | ' |
Construction in progress | ' | ' | ' |
Property, Plant and Equipment | ' | ' | ' |
Property, plant and equipment, gross | $22,769 | $42,487 | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
Changes in goodwill | ' | ' | ' |
Balance at the beginning of the period | ' | $1,260,802 | $1,220,315 |
Acquisitions | ' | 517 | 39,647 |
Impairment of goodwill | ' | -87,334 | ' |
Foreign currency translation | ' | -10,703 | 840 |
Balance at the end of the period | 1,163,282 | 1,163,282 | 1,260,802 |
Wholesale | ' | ' | ' |
Changes in goodwill | ' | ' | ' |
Balance at the beginning of the period | ' | 645,220 | 613,561 |
Acquisitions | ' | ' | 35,500 |
Foreign currency translation | ' | -6,590 | -3,841 |
Balance at the end of the period | 638,630 | 638,630 | 645,220 |
European Retail | ' | ' | ' |
Changes in goodwill | ' | ' | ' |
Balance at the beginning of the period | ' | 324,853 | 281,025 |
Reassignment of goodwill | ' | ' | 35,000 |
Acquisitions | ' | 517 | 4,147 |
Foreign currency translation | ' | -4,113 | 4,681 |
Balance at the end of the period | 321,257 | 321,257 | 324,853 |
Direct Response / E-Commerce | ' | ' | ' |
Changes in goodwill | ' | ' | ' |
Balance at the beginning of the period | ' | 264,985 | 317,985 |
Reassignment of goodwill | ' | ' | -53,000 |
Impairment of goodwill | 61,590 | -61,590 | ' |
Balance at the end of the period | 203,395 | 203,395 | 264,985 |
Impairment of indefinite lived tradenames | ' | 110,000 | ' |
North American Retail | ' | ' | ' |
Changes in goodwill | ' | ' | ' |
Balance at the beginning of the period | ' | 25,744 | 7,744 |
Reassignment of goodwill | ' | ' | 18,000 |
Impairment of goodwill | 25,744 | -25,744 | ' |
Balance at the end of the period | ' | ' | 25,744 |
Impairment of indefinite lived tradenames | ' | $10,000 | ' |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details 2) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | Brands and customer relationships | Brands and customer relationships | Brands and customer relationships | Brands and customer relationships | Tradenames and other | Tradenames and other | Tradenames and other | Tradenames and other | ||
Minimum | Maximum | Minimum | Maximum | |||||||
Definite lived intangible assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross carrying amount | $1,088,072 | $1,091,875 | $912,200 | $913,972 | ' | ' | $175,872 | $177,903 | ' | ' |
Accumulated amortization | 178,420 | 133,007 | 155,776 | 116,330 | ' | ' | 22,644 | 16,677 | ' | ' |
Amortization period | ' | ' | ' | ' | '17 years | '25 years | ' | ' | '20 years | '30 years |
Indefinite lived intangible asset: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tradenames | 881,940 | 1,001,484 | ' | ' | ' | ' | ' | ' | ' | ' |
Total intangible assets | $1,970,012 | $2,093,359 | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill and Intangible Assets | ' | ' | ' |
Aggregate amortization expense of definite lived intangible assets | $46,027 | $45,753 | $43,960 |
Estimated amortization expense | ' | ' | ' |
2015 | 46,000 | ' | ' |
2016 | 46,000 | ' | ' |
2017 | 46,000 | ' | ' |
2018 | 46,000 | ' | ' |
2019 | $46,000 | ' | ' |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accrued compensation and benefits | $44,189 | $53,491 |
Accrued interest | 29,273 | 29,281 |
Income taxes payable | 37,147 | 16,833 |
Other | 110,447 | 120,161 |
Accrued expenses and other current liabilities | $221,056 | $219,766 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Mar. 21, 2013 | Oct. 11, 2012 | Oct. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2014 | Oct. 11, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 21, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Oct. 01, 2010 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 21, 2013 | Sep. 30, 2014 | Mar. 01, 2011 | Oct. 02, 2010 | Nov. 20, 2014 | Mar. 21, 2013 | Mar. 21, 2013 | Oct. 02, 2010 | Oct. 02, 2010 | 1-May-14 | Dec. 12, 2013 | Nov. 01, 2013 | 1-May-13 | Oct. 17, 2012 | Mar. 10, 2014 | Jun. 21, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Mar. 21, 2013 | Dec. 30, 2011 | Mar. 21, 2013 | Mar. 01, 2011 |
Term loan B-2 | Term loan B-2 | Term loan B-2 | Term loan B-2 | Term loan B-2 | Notes | Notes | Notes | Notes | Notes | Notes | Other | Other | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Revolving credit facility | Term loan A | Term loan B | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Holdco Notes | Term loan B-1 | Term loan B-1 | Term loan B-1 | Term loan B-1 | |||||||
Eurodollar (LIBOR) | Base rate | On or after October 1, 2014 | On or after October 1, 2015 | On and after October 1, 2016 and thereafter | Subsequent event | Eurodollar (LIBOR) | Base rate | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Minimum | Minimum | Minimum | Maximum | Maximum | Maximum | Maximum | On or after October 1, 2014 | On or after October 1, 2015 | On and after October 1, 2016 and thereafter | |||||||||||||||||||||||||
Equal or exceed 75%, but less than 100% | Equal or exceed 50%, but less than 75% | Equal or exceed 25%, but less than 50% | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | Holdings | |||||||||||||||||||||||||||||||||||||||||||
Equal or exceed 75%, but less than 100% | Equal or exceed 50%, but less than 75% | Equal or exceed 25%, but less than 50% | Equal or exceed 75%, but less than 100% | Equal or exceed 50%, but less than 75% | Equal or exceed 25%, but less than 50% | Less than 25% | ||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, gross | ' | ' | ' | $2,158,781 | $2,158,348 | ' | $1,507,500 | $1,507,500 | ' | ' | ' | $650,000 | $650,000 | ' | ' | ' | ' | $848 | $1,281 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,750,000 |
Less: current portion | ' | ' | ' | -376 | -261 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | ' | ' | ' | 2,158,405 | 2,158,087 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Face amount of debt | ' | ' | ' | ' | ' | ' | ' | ' | 1,507,500 | ' | ' | ' | ' | 650,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 1,500,000 | ' | 450,000 | ' | ' | 550,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,750,000 | ' |
Portion of excess cash flow (as defined) as part of additional prepayments on term loan (as a percent) | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | 200,000 | 250,000 | 175,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding balance | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of credit | ' | ' | ' | ' | 4,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net availability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 195,600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floor for reference rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin rate over reference rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.25% | 2.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Step down percentage upon achievement of a total senior secured leverage ratio (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off deferred financing cost | 4,232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,289 | ' | ' |
Call premium on term loan | ' | ' | ' | -15,075 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,151 | ' | ' | ' |
Financing costs capitalized | ' | ' | ' | ' | ' | 6,121 | ' | ' | 15,190 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining portion of the call premium capitalized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,924 | ' |
Prepaid future principal payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,000 | ' | ' |
Borrowings of senior credit facilities to finance the acquisition | ' | ' | ' | 80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash interest rate (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PIK interest (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash on hand from Company used to pay transaction fees and expenses and a dividend | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross proceeds from issuance of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 460,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium on issuance of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consent fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,560 | ' | ' | 17,345 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend paid | ' | ' | 193,956 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 445,537 | ' | ' | 721,682 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in the general restricted payments basket | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on debt instrument (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unused line fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fronting fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price as a percentage of principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104.50% | 102.25% | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102.00% | 101.00% | 100.00% | ' | ' | ' | ' |
Applicable amount for interest period expressed as a percentage of the aggregate amount of cash interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | 50.00% | 25.00% | 100.00% | 75.00% | 50.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding principal amount in which interest is payable by increasing the principal amount of outstanding notes or by issuing PIK Notes equal to such interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding principal amount in which interest is payable in kind | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of outstanding principal amount in which interest is payable in cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | 50.00% | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of interest payment funded by dividend received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,750 | ' | 21,313 | 22,970 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount of the debt exchanged for substantially identical notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $450,000 | $549,925 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Details) (Recurring, USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Level 2 | Interest rate swaps | ' | ' |
Fair value measurements | ' | ' |
Derivative liabilities (included in accrued expenses and other current liabilities) | $1,151 | $5,268 |
Derivative liabilities (included in other liabilities) | ' | 1,066 |
Level 3 | Cross currency swaps | ' | ' |
Fair value measurements | ' | ' |
Derivative liabilities (included in accrued expenses and other current liabilities) | 3,857 | 3,855 |
Derivative liabilities (included in other liabilities) | $14,773 | $18,399 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments (Details 2) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2014 |
Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Julian Graves | Julian Graves | Direct Response / E-Commerce | North American Retail | ||
Minimum | Minimum | Maximum | Maximum | Weighted average | Weighted average | Non-recurring | |||||||
Level 3 | Level 3 | Level 3 | Level 3 | Level 3 | Level 3 | ||||||||
Fair Value Measurements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance risk for derivative contracts as a percentage of unadjusted liabilities | ' | ' | ' | 8.10% | 9.50% | 8.50% | 10.30% | 8.30% | 9.80% | ' | ' | ' | ' |
Level 3 activity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance: | ' | ($22,254) | ($24,862) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized gain (loss) on hedging instruments | ' | 3,624 | 2,608 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance: | ' | -18,630 | -22,254 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and intangible asset impairment charges | $207,334 | ' | ' | ' | ' | ' | ' | ' | ' | $20,106 | $20,106 | $171,590 | $35,744 |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments (Details 3) | 1 Months Ended | 12 Months Ended | ||||||
Dec. 31, 2012 | Mar. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2010 | |
Interest rate swaps | Interest rate swaps | Interest rate swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | Cross currency swaps | |
USD ($) | USD ($) | Scenario, forecast | USD ($) | GBP (£) | USD ($) | USD ($) | contract | |
contract | USD ($) | |||||||
Derivative information | ' | ' | ' | ' | ' | ' | ' | ' |
Number of derivative contracts entered into by the entity | ' | 3 | ' | ' | ' | ' | ' | 3 |
Notional amount of each derivative contract | $266,666,000 | $333,333,000 | $166,666,000 | $300,000,000 | £ 194,200,000 | ' | ' | ' |
Notional amount of derivative contracts | ' | 1,000,000,000 | ' | ' | ' | ' | ' | ' |
Fixed interest rate (as a percent) | ' | 1.92% | ' | ' | ' | ' | ' | ' |
Forward rate (as a percent) | ' | ' | ' | 1.56 | 1.56 | ' | ' | ' |
Hedge ineffectiveness (gain) / loss | ' | ' | ' | $966,000 | ' | $1,611,000 | ($3,358,000) | ' |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments (Details 4) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Impact on income statement of derivative instruments designated as cash flow and net investment hedging instruments | ' | ' |
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion) | ($900) | ($2,887) |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | -5,346 | -7,904 |
Interest rate swaps | Cash Flow Hedges: | ' | ' |
Impact on income statement of derivative instruments designated as cash flow and net investment hedging instruments | ' | ' |
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion) | -2,166 | -3,499 |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | -5,346 | -7,904 |
Cross currency swaps | Net Investment Hedges: | ' | ' |
Impact on income statement of derivative instruments designated as cash flow and net investment hedging instruments | ' | ' |
Amount of Gain or (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion) | $1,266 | $612 |
Fair_Value_of_Financial_Instru6
Fair Value of Financial Instruments (Details 5) (USD $) | Mar. 21, 2013 | Oct. 01, 2010 | Sep. 30, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | Term loan B-2 | Notes | Level 2 | Level 2 |
Term loan B-2 | Notes | |||
Fair value measurements | ' | ' | ' | ' |
Face value of debt instrument | $1,507,500 | $650,000 | $1,507,500 | ' |
Fair value of Notes | ' | ' | ' | $676,000 |
Litigation_Summary_Details
Litigation Summary (Details) (USD $) | Sep. 30, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||
Employment class Actions | ' | ' |
Provision as per best estimate | $12,000 | $12,000 |
Glucosamine-Based Dietary Supplements | ' | ' |
Employment class Actions | ' | ' |
Provision as per best estimate | $12,000 | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Income before provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
United States | ' | ' | ' | ' | ' | ' | ' | ' | ($225,767) | $10,452 | $76,096 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | 191,760 | 173,906 | 158,687 |
(Loss) income from continuing operations before income taxes | -177,856 | 48,028 | 15,468 | 80,353 | 63,764 | 70,203 | -18,050 | 68,440 | -34,007 | 184,358 | 234,783 |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 10,668 | 6,831 | 32,287 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | -43,708 | 10,231 | -15,315 |
State | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 3,495 | 2,727 | 5,261 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | -5,689 | -4,106 | -2,275 |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 44,863 | 40,027 | 44,773 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 516 | -832 | 533 |
Total provision | ' | ' | ' | ' | ' | ' | ' | ' | $10,145 | $54,878 | $65,264 |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Reconciliation of the income tax expense computed using the statutory Federal income tax rate to the actual income tax expense | ' | ' | ' |
Income tax expense at statutory rate | ($11,902) | $64,525 | $82,174 |
State income taxes, net of federal income tax benefit | -3,415 | -1,379 | 1,566 |
Change in valuation allowance | ' | -1,259 | -539 |
Effect of international operations, including foreign export benefit and earnings indefinitely reinvested | -38 | -5,645 | -8,476 |
Domestic manufacturing deduction | -1,071 | -1,715 | -1,918 |
Goodwill impairment | 30,567 | ' | ' |
Tax benefit attributable to Le Naturiste sale | ' | ' | -7,792 |
Change in tax reserves | -4,801 | ' | ' |
Other | 805 | 351 | 249 |
Total provision | $10,145 | $54,878 | $65,264 |
Reconciliation of the income tax expense computed using the statutory Federal income tax rate to the effective income tax rate | ' | ' | ' |
Income tax expense at statutory rate (as a percent) | 35.00% | 35.00% | 35.00% |
State income taxes, net of federal income tax benefit (as a percent) | 10.00% | -0.70% | 0.70% |
Change in valuation allowance (as a percent) | 0.00% | -0.70% | -0.20% |
Effect of international operations, including foreign export benefit and earnings indefinitely reinvested (as a percent) | 0.10% | -3.10% | -3.60% |
Domestic manufacturing deduction (as a percent) | 3.10% | -0.90% | -0.80% |
Tax benefit attributable to Le Naturiste sale (as a percent) | 0.00% | 0.00% | -3.30% |
Goodwill impairment (as a percent) | -89.90% | ' | ' |
Change in tax reserves (as a percent) | 14.10% | ' | ' |
Other (as a percent) | -2.40% | 0.20% | 0.10% |
Effective income tax rate (as a percent) | -29.80% | 29.80% | 27.80% |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | ||||
Deferred tax assets: | ' | ' | ' | ' |
Inventory reserves and UNICAP | $15,524 | $10,543 | ' | ' |
Accrued expenses and reserves not currently deductible | 19,936 | 20,874 | ' | ' |
Other comprehensive income | 8,670 | 13,282 | ' | ' |
Foreign and state tax credits | 107,460 | 109,895 | ' | ' |
Foreign and state net operating losses | 8,434 | 11,863 | ' | ' |
Valuation allowance | -9,543 | -14,116 | -14,867 | -15,404 |
Total deferred income tax assets, net of valuation allowance | 150,481 | 152,341 | ' | ' |
Deferred tax liabilities: | ' | ' | ' | ' |
Depreciation | -50,307 | -52,557 | ' | ' |
Intangibles | -656,843 | -707,679 | ' | ' |
Undistributed foreign earnings | -122,378 | -119,887 | ' | ' |
Total deferred income tax liabilities | -829,528 | -880,123 | ' | ' |
Total net deferred income tax liabilities | -679,047 | -727,782 | ' | ' |
Less current deferred income tax assets | -28,915 | -23,637 | ' | ' |
Long-term deferred income tax liabilities | ($707,962) | ($751,419) | ' | ' |
Income_Taxes_Details_4
Income Taxes (Details 4) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Valuation allowances | ' | ' |
NYS investment tax credit carryforwards | $2,537 | $3,807 |
Foreign loss carryforwards | 7,005 | 10,309 |
Foreign | ' | ' |
Income Taxes | ' | ' |
Net operating losses | 19,600 | 30,798 |
Tax credit carryforwards | 104,923 | 109,959 |
New York State (NYS) | Investment tax credit | ' | ' |
Income Taxes | ' | ' |
Tax credit carryforwards | $2,537 | $3,807 |
Income_Taxes_Details_5
Income Taxes (Details 5) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | New York State (NYS) | New York State (NYS) | New York State (NYS) | Foreign | Foreign | Foreign | ||||
Investment tax credit | Investment tax credit | Investment tax credit | ||||||||
Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed international earnings | $111,547 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change in the valuation allowance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | -9,543 | -14,116 | -14,867 | -15,404 | ' | ' | ' | ' | ' | ' |
NYS investment tax credit carryforwards expired/(generated) | ' | ' | ' | ' | 1,269 | -321 | -694 | ' | ' | ' |
Foreign net operating losses utilized | ' | ' | ' | ' | ' | ' | ' | 3,304 | 1,580 | 1,231 |
Foreign net operating losses acquired | ' | ' | ' | ' | ' | ' | ' | ' | -508 | ' |
Balance at the end of the period | ($9,543) | ($14,116) | ($14,867) | ($15,404) | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details_6
Income Taxes (Details 6) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in gross unrecognized tax benefits | ' | ' | ' |
Beginning balance | $13,635 | $12,888 | $10,687 |
Increase related to current year tax positions | 1,260 | ' | ' |
Increases related to prior year tax positions | 85 | 1,512 | 2,201 |
Decreases related to settlements with taxing authorities | -5,305 | -249 | ' |
Decreases related to lapsing of statute of limitations | -1,646 | -516 | ' |
Balance at the end of the period | $8,029 | $13,635 | $12,888 |
Income_Taxes_Details_7
Income Taxes (Details 7) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Income Taxes | ' | ' | ' | ' |
Effective income tax rate (as a percent) | -29.80% | 29.80% | 27.80% | ' |
Unrecognized tax benefits, recognition of which would have an effect on provision for income taxes and effective income tax rate | $5,961 | $10,263 | ' | ' |
Accrued interest | 332 | ' | ' | ' |
Accrued penalties | 174 | ' | ' | ' |
Liability of unrecognized tax benefits | $8,029 | $13,635 | $12,888 | $10,687 |
StockBased_Compensation_and_Em2
Stock-Based Compensation and Employee Benefit Plans (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Oct. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Nov. 30, 2010 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Nov. 30, 2010 | Nov. 30, 2010 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Holdings | Holdings | Senior management | Other management | Time-based awards | Time-based awards | Time-based awards | Performance based awards | Performance based awards | Stock option | Stock option | Stock option | Stock option | Stock option | Stock option | Stock option | Stock option | Stock option | Class A Common stock | Class B Common stock | Class B Common stock | Class B Common stock | Class B Common stock | ||
Time-based awards | Time-based awards | Time-based awards | Performance based awards | Performance based awards | Performance based awards | Stock option | Stock option | Stock option | ||||||||||||||||
Stock-Based Compensation and Employee Benefit Plans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate number of shares which may be issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,268 | 208,404 | ' | ' | ' |
Expiration period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vesting period | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Compensation deduction for tax purposes | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' |
Weighted-average grant date fair value (in dollars per share) | ' | ' | ' | ' | ' | $167 | $239 | $108 | $96 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend paid | $193,956 | $445,537 | $721,682 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted-average assumptions used for the options granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Risk-free rate, minimum (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.02% | 0.11% | 0.10% | 0.02% | 0.11% | 0.10% | ' | ' | ' | ' | ' |
Risk-free rate, maximum (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.65% | 4.59% | 3.12% | 3.65% | 4.59% | 3.12% | ' | ' | ' | ' | ' |
Expected term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 years 6 months | '6 years 6 months | '6 years 6 months | '3 years 1 month 6 days | '4 years 6 months | '5 years 7 months 6 days | ' | ' | ' | ' | ' |
Expected volatility (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37.00% | 36.00% | 37.00% | 33.00% | 37.00% | 38.00% | ' | ' | ' | ' | ' |
Expected dividends (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ' | ' | ' | ' | ' |
Number of shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at beginning of period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173,183 | 162,951 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Granted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,430 | 19,180 | ' | ' | ' | ' | ' | ' | ' | ' | 13,430 | 19,180 | 24,850 |
Exercised (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -614 | -730 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Forfeited (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -46,352 | -8,218 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at end of period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 139,647 | 173,183 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercisable at end of period (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,360 | 29,833 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares available for future grant (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 117,269 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exercise price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at beginning of period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $179 | $151 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Granted (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $473 | $397 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercised (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $133 | $124 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Forfeited (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $153 | $124 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at end of period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $212 | $179 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercisable at end of period (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $152 | $139 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional disclosures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction in percentage of share-based compensation expense for estimated forfeitures | ' | ' | ' | 0.00% | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_and_Em3
Stock-Based Compensation and Employee Benefit Plans (Details 2) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 |
124 | ' |
Stock-Based Compensation and Employee Benefit Plans | ' |
Exercise price (in dollars per share) | $124 |
Options Outstanding | ' |
Shares Outstanding | 87,047 |
Weighted Average Remaining Contractual Life | '4 years 10 months 24 days |
Weighted Average Exercise Price (in dollars per share) | $124 |
Options Exercisable | ' |
Shares Exercisable | 43,090 |
Weighted Average Exercise Price (in dollars per share) | $124 |
Intrinsic value | $15,056 |
299 | ' |
Stock-Based Compensation and Employee Benefit Plans | ' |
Exercise price (in dollars per share) | $299 |
Options Outstanding | ' |
Shares Outstanding | 29,890 |
Weighted Average Remaining Contractual Life | '7 years 9 months 18 days |
Weighted Average Exercise Price (in dollars per share) | $299 |
Options Exercisable | ' |
Shares Exercisable | 5,664 |
Weighted Average Exercise Price (in dollars per share) | $299 |
Intrinsic value | 988 |
396 | ' |
Stock-Based Compensation and Employee Benefit Plans | ' |
Exercise price (in dollars per share) | $396 |
Options Outstanding | ' |
Shares Outstanding | 10,630 |
Weighted Average Remaining Contractual Life | '8 years 7 months 6 days |
Weighted Average Exercise Price (in dollars per share) | $396 |
Options Exercisable | ' |
Shares Exercisable | 1,456 |
Weighted Average Exercise Price (in dollars per share) | $396 |
Intrinsic value | $112 |
473 | ' |
Stock-Based Compensation and Employee Benefit Plans | ' |
Exercise price (in dollars per share) | $473 |
Options Outstanding | ' |
Shares Outstanding | 12,080 |
Weighted Average Remaining Contractual Life | '9 years 7 months 6 days |
Weighted Average Exercise Price (in dollars per share) | $473 |
Options Exercisable | ' |
Shares Exercisable | 150 |
Weighted Average Exercise Price (in dollars per share) | $473 |
StockBased_Compensation_and_Em4
Stock-Based Compensation and Employee Benefit Plans (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Performance based awards | ' | ' |
Stock-Based Compensation and Employee Benefit Plans | ' | ' |
Compensation cost recognized | $0 | $0 |
Stock option | Time-based awards | ' | ' |
Stock-Based Compensation and Employee Benefit Plans | ' | ' |
Total unrecognized compensation cost | 4,748 | ' |
Weighted average period for recognition of unrecognized compensation cost | '2 years 8 months 12 days | ' |
Stock option | Performance based awards | ' | ' |
Stock-Based Compensation and Employee Benefit Plans | ' | ' |
Total unrecognized compensation cost | 4,022 | ' |
Compensation cost recognized | $0 | $0 |
StockBased_Compensation_and_Em5
Stock-Based Compensation and Employee Benefit Plans (Details 4) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based Compensation | $4,088 | $2,043 | $2,680 |
Time-based awards | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Vesting period | '5 years | ' | ' |
Performance based awards | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Compensation cost recognized | 0 | 0 | ' |
Stock option | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Granted (in shares) | 13,430 | 19,180 | ' |
Vesting period | '5 years | ' | ' |
Stock option | Time-based awards | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total unrecognized compensation cost | 4,748 | ' | ' |
Stock option | Performance based awards | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total unrecognized compensation cost | 4,022 | ' | ' |
Compensation cost recognized | $0 | $0 | ' |
Class B Common stock | Stock option | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Granted (in shares) | 13,430 | 19,180 | 24,850 |
StockBased_Compensation_and_Em6
Stock-Based Compensation and Employee Benefit Plans (Details 5) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Retirement Savings Plan | ' | ' |
Employer match of employee contributions up to three percent of the employee's gross earnings under the 401 (k) plan (as a percent) | 100.00% | ' |
Employer match of employee contributions for the next two percent of employee's gross earnings under 401 (k) plan (as a percent) | 50.00% | ' |
Percentage of employee's gross earnings matched 50% by the employer (as a percent) | 2.00% | ' |
Annual match contribution per employee under 401 (k) plan | $10 | ' |
Period of service required for employees to become fully vested in employer match contributions | '3 years | ' |
Period of service required to be completed by employees to become eligible to participate under PSP | '1000 hours | ' |
Amount accrued for PSP | $0 | $3,723 |
Minimum | ' | ' |
Retirement Savings Plan | ' | ' |
Period of service required by employees to become eligible to participate under the 401 (k) plan | '6 months | ' |
Percentage of contribution by employees under 401 (k) plan | 1.00% | ' |
Maximum | ' | ' |
Retirement Savings Plan | ' | ' |
Percentage of contribution by employees under 401 (k) plan | 50.00% | ' |
Percentage of employee's gross earnings matched 100% by the employer | 3.00% | ' |
Commitments_Details
Commitments (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Future minimum rental payments | ' | ' | ' |
2015 | $116,215 | ' | ' |
2016 | 106,415 | ' | ' |
2017 | 93,178 | ' | ' |
2018 | 80,047 | ' | ' |
2019 | 69,596 | ' | ' |
Thereafter | 219,801 | ' | ' |
Total future minimum rental payments | 685,252 | ' | ' |
Commitments | ' | ' | ' |
Rent expense | 154,889 | 146,843 | 153,763 |
Inventory related items | ' | ' | ' |
Commitments | ' | ' | ' |
Future purchase commitments | $185,178 | ' | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Related party transactions | ' | ' | ' |
Debt issued | $2,158,348 | $2,158,781 | ' |
Holdings | Holdco Notes | ' | ' | ' |
Related party transactions | ' | ' | ' |
Debt issued | 1,000,000 | ' | ' |
Carlyle | ' | ' | ' |
Related party transactions | ' | ' | ' |
Expected annual consulting fee | 3,000 | ' | ' |
Expenses incurred from transactions with related party | 3,000 | ' | ' |
Out of pocket expenditures paid to related party | $915 | $311 | $0 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Additions to and reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
(Increase) decrease in deferred tax liability relating to other comprehensive income (loss) | ($7,722) | ($240) | $2,136 |
Balance at beginning of period | -13,584 | -18,594 | ' |
Other comprehensive income before reclassifications, pre-tax | -20,965 | -2,894 | ' |
Balance at end of period | -29,203 | -13,584 | -18,594 |
Reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Additions to and reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Amount reclassified from accumulated other comprehensive income (loss), pre-tax | 5,346 | 7,904 | ' |
Foreign currency translation adjustment | ' | ' | ' |
Additions to and reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Balance at beginning of period | -9,683 | -10,288 | ' |
Other comprehensive income before reclassifications, pre-tax | -18,799 | 605 | ' |
Balance at end of period | -28,482 | -9,683 | ' |
Gains and losses on cash flow hedges | ' | ' | ' |
Additions to and reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Balance at beginning of period | -3,901 | -8,306 | ' |
Other comprehensive income before reclassifications, pre-tax | -2,166 | -3,499 | ' |
Balance at end of period | -721 | -3,901 | ' |
Gains and losses on cash flow hedges | Reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Additions to and reclassifications out of accumulated other comprehensive income (loss) | ' | ' | ' |
Amount reclassified from accumulated other comprehensive income (loss), pre-tax | $5,346 | $7,904 | ' |
Business_and_Credit_Concentrat2
Business and Credit Concentration (Details) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
item | item | item | |
Net sales | One customer | ' | ' | ' |
Business and Credit Concentration | ' | ' | ' |
Number of customers | 1 | 1 | 1 |
Net sales | Customer concentration risk | Customer A | ' | ' | ' |
Business and Credit Concentration | ' | ' | ' |
Percentage of concentration risk | 11.00% | 13.00% | 14.00% |
Net sales | Customer concentration risk | Customer A | Wholesale | ' | ' | ' |
Business and Credit Concentration | ' | ' | ' |
Percentage of concentration risk | 19.00% | 21.00% | 23.00% |
Gross accounts receivable | Customer concentration risk | Customer A | Wholesale | ' | ' | ' |
Business and Credit Concentration | ' | ' | ' |
Percentage of concentration risk | 13.00% | 12.00% | ' |
Gross accounts receivable | Customer concentration risk | Customer B | Wholesale | ' | ' | ' |
Business and Credit Concentration | ' | ' | ' |
Percentage of concentration risk | 11.00% | 11.00% | ' |
Supplemental_Disclosure_of_Cas2
Supplemental Disclosure of Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Cash interest paid, net of capitalized interest | $116,988 | $125,803 | $138,419 |
Cash income taxes paid (net of refunds of $30,984 for Fiscal 2011) | 48,824 | 43,241 | 73,638 |
Acquisitions accounted for under the purchase method: | ' | ' | ' |
Fair value of assets acquired | ' | 111,141 | ' |
Liabilities assumed | ' | -28,537 | ' |
Less: Cash acquired | ' | -131 | ' |
Net cash paid | ' | 82,473 | ' |
Property, plant and equipment additions included in accounts payable | $9,488 | $8,242 | $11,986 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $792,686 | $806,961 | $779,026 | $827,105 | $813,111 | $802,829 | $757,874 | $789,227 | $3,205,778 | $3,163,041 | $2,999,733 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 102,740 | 329,765 | 394,370 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 106,557 | 110,636 | 102,271 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 105,207 | 129,220 | 86,314 |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 207,334 | ' | ' |
Facility restructuring charges | ' | ' | ' | ' | ' | ' | 30,200 | ' | ' | 32,695 | ' |
Provision as per best estimate | ' | ' | ' | ' | 12,000 | ' | 12,000 | ' | ' | 12,000 | ' |
Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 116,107 | 98,673 | 84,167 |
U.K. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 767,173 | 675,378 | 641,752 |
Ireland | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 40,235 | 36,655 | 33,341 |
Reportable Business Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 3,205,778 | 3,163,041 | 2,999,733 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 199,641 | 465,933 | 471,981 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 68,803 | 63,682 | 67,380 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 58,348 | 38,137 | 23,959 |
Corporate/Manufacturing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -96,901 | -136,168 | -77,611 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 37,754 | 46,954 | 34,891 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 46,859 | 91,083 | 62,355 |
Wholesale segment | Reportable Business Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,879,481 | 1,938,921 | 1,826,780 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 177,069 | 231,812 | 241,504 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 36,092 | 36,517 | 39,692 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 482 | 971 | 804 |
European Retail | Belgium | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 15 | ' | ' | ' | ' | ' | ' | ' | 15 | ' | ' |
European Retail | Holland & Barrett | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 755 | ' | ' | ' | ' | ' | ' | ' | 755 | ' | ' |
European Retail | Holland & Barrett | China | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 29 | ' | ' | ' | ' | ' | ' | ' | 29 | ' | ' |
European Retail | Holland & Barrett | Singapore | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 28 | ' | ' | ' | ' | ' | ' | ' | 28 | ' | ' |
European Retail | Holland & Barrett | United Arab Emirates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 11 | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' |
European Retail | Holland & Barrett | Cyprus | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 9 | ' | ' | ' | ' | ' | ' | ' | 9 | ' | ' |
European Retail | Holland & Barrett | Malta | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 4 | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' |
European Retail | Holland & Barrett | Gibraltar | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 1 | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
European Retail | Holland & Barrett | Iceland | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of franchised stores | 1 | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
European Retail | De Tuinen | Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 146 | ' | ' | ' | ' | ' | ' | ' | 146 | ' | ' |
Number of franchised stores | 6 | ' | ' | ' | ' | ' | ' | ' | 6 | ' | ' |
European Retail | GNC (UK) stores | U.K. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 53 | ' | ' | ' | ' | ' | ' | ' | 53 | ' | ' |
European Retail | Nature's Way | Ireland | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 47 | ' | ' | ' | ' | ' | ' | ' | 47 | ' | ' |
European Retail | Reportable Business Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 850,797 | 743,861 | 699,675 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 191,207 | 170,479 | 157,540 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 18,048 | 14,320 | 13,988 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 42,315 | 27,198 | 22,428 |
Direct Response / E-Commerce | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 171,590 | ' | ' |
Direct Response / E-Commerce | Reportable Business Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 250,224 | 246,731 | 239,409 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -141,660 | 39,104 | 46,179 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 11,319 | 10,137 | 10,504 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,456 | 4,411 | 131 |
North American Retail | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 35,744 | ' | ' |
North American Retail | Vitamin World | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of stores | 414 | ' | ' | ' | ' | ' | ' | ' | 414 | ' | ' |
North American Retail | Reportable Business Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 225,276 | 233,528 | 233,869 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -26,975 | 24,538 | 26,758 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 3,344 | 2,708 | 3,196 |
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | $14,095 | $5,557 | $596 |
Segment_Information_Details_2
Segment Information (Details 2) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Total assets by segment | ' | ' |
Consolidated assets | $4,877,722 | $5,073,316 |
Reportable Business Segments | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | 4,149,163 | 4,290,916 |
Corporate/Manufacturing | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | 728,559 | 782,400 |
Wholesale segment | Reportable Business Segments | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | 2,581,069 | 2,553,857 |
European Retail | Reportable Business Segments | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | 948,010 | 924,979 |
Direct Response / E-Commerce | Reportable Business Segments | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | 512,642 | 692,685 |
North American Retail | Reportable Business Segments | ' | ' |
Total assets by segment | ' | ' |
Consolidated assets | $107,442 | $119,395 |
Segment_Information_Details_3
Segment Information (Details 3) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | $792,686 | $806,961 | $779,026 | $827,105 | $813,111 | $802,829 | $757,874 | $789,227 | $3,205,778 | $3,163,041 | $2,999,733 |
Consolidated long-lived assets | 597,202 | ' | ' | ' | 571,529 | ' | ' | ' | 597,202 | 571,529 | ' |
United States | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,934,668 | 2,024,178 | 1,938,751 |
Consolidated long-lived assets | 399,296 | ' | ' | ' | 397,464 | ' | ' | ' | 399,296 | 397,464 | ' |
U.K. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 767,173 | 675,378 | 641,752 |
Consolidated long-lived assets | 146,814 | ' | ' | ' | 124,666 | ' | ' | ' | 146,814 | 124,666 | ' |
Canada | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 118,814 | 129,476 | 111,047 |
Consolidated long-lived assets | 10,687 | ' | ' | ' | 11,752 | ' | ' | ' | 10,687 | 11,752 | ' |
Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 116,107 | 98,673 | 84,167 |
Consolidated long-lived assets | 15,778 | ' | ' | ' | 13,768 | ' | ' | ' | 15,778 | 13,768 | ' |
Ireland | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 40,235 | 36,655 | 33,341 |
Consolidated long-lived assets | 4,454 | ' | ' | ' | 5,486 | ' | ' | ' | 4,454 | 5,486 | ' |
Other foreign countries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net sales by location of customer and long-lived assets-property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net sales | ' | ' | ' | ' | ' | ' | ' | ' | 228,781 | 198,681 | 190,675 |
Consolidated long-lived assets | $20,173 | ' | ' | ' | $18,393 | ' | ' | ' | $20,173 | $18,393 | ' |
Segment_Information_Details_4
Segment Information (Details 4) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
Segment Information | ' | ' | ' |
Percentage of net sales that were denominated in currencies other than U.S. dollars | 35.00% | 32.00% | 31.00% |
Foreign subsidiaries that accounted for the specified percentages of total assets and total liabilities | ' | ' | ' |
Total Assets (as a percent) | 27.00% | 26.00% | ' |
Total Liabilities (as a percent) | 6.00% | 3.00% | ' |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Statements of Guarantors of the Notes (Details) (Notes) | Oct. 01, 2010 |
Notes | ' |
Long-Term Debt | ' |
Interest rate on debt instrument (as a percent) | 9.00% |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Statements of Guarantors (Details 2) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $139,488 | $198,561 | $315,136 | $393,335 |
Accounts receivable, net | 175,701 | 171,670 | ' | ' |
Inventories | 853,226 | 739,952 | ' | ' |
Deferred income taxes | 28,915 | 23,637 | ' | ' |
Other current assets | 78,824 | 78,579 | ' | ' |
Total current assets | 1,276,154 | 1,212,399 | ' | ' |
Property, plant and equipment, net | 597,202 | 571,529 | ' | ' |
Goodwill | 1,163,282 | 1,260,802 | 1,220,315 | ' |
Other intangible assets, net | 1,791,592 | 1,960,352 | ' | ' |
Other assets | 49,492 | 68,234 | ' | ' |
Total assets | 4,877,722 | 5,073,316 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion long-term debt | 261 | 376 | ' | ' |
Accounts payable | 227,877 | 259,060 | ' | ' |
Accrued expenses and other current liabilities | 221,056 | 219,766 | ' | ' |
Total current liabilities | 449,194 | 479,202 | ' | ' |
Long-term debt, net of current portion | 2,158,087 | 2,158,405 | ' | ' |
Deferred income taxes | 707,962 | 751,419 | ' | ' |
Other liabilities | 53,386 | 59,451 | ' | ' |
Total liabilities | 3,368,629 | 3,448,477 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Capital in excess of par | 1,561,014 | 1,556,926 | ' | ' |
(Accumulated deficit) retained earnings | -22,718 | 81,497 | ' | ' |
Accumulated other comprehensive income (loss) | -29,203 | -13,584 | -18,594 | ' |
Total stockholder's equity | 1,509,093 | 1,624,839 | 1,705,232 | 1,536,895 |
Total liabilities and stockholder's equity | 4,877,722 | 5,073,316 | ' | ' |
Reportable Legal Entities | Parent Company | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 77,550 | 81,356 | 183,661 | 261,098 |
Intercompany | 30,425 | 34,549 | ' | ' |
Other current assets | 19,932 | 19,033 | ' | ' |
Total current assets | 127,907 | 134,938 | ' | ' |
Property, plant and equipment, net | 95,022 | 88,612 | ' | ' |
Other assets | 41,286 | 61,218 | ' | ' |
Intercompany loan receivable | 2,497,343 | 2,480,760 | ' | ' |
Investments in subsidiaries | 2,037,163 | 2,180,814 | ' | ' |
Total assets | 4,798,721 | 4,946,342 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accrued expenses and other current liabilities | 34,282 | 38,407 | ' | ' |
Total current liabilities | 34,282 | 38,407 | ' | ' |
Intercompany loan payable | 1,060,793 | 1,091,982 | ' | ' |
Long-term debt, net of current portion | 2,157,500 | 2,157,500 | ' | ' |
Deferred income taxes | 22,280 | 14,151 | ' | ' |
Other liabilities | 14,773 | 19,463 | ' | ' |
Total liabilities | 3,289,628 | 3,321,503 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Capital in excess of par | 1,561,014 | 1,556,926 | ' | ' |
(Accumulated deficit) retained earnings | -22,718 | 81,497 | ' | ' |
Accumulated other comprehensive income (loss) | -29,203 | -13,584 | ' | ' |
Total stockholder's equity | 1,509,093 | 1,624,839 | ' | ' |
Total liabilities and stockholder's equity | 4,798,721 | 4,946,342 | ' | ' |
Reportable Legal Entities | Parent Company | As Reported | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | 857,700 | ' | ' |
Total current assets | ' | 939,000 | ' | ' |
Intercompany loan receivable | ' | 323,300 | ' | ' |
Investments in subsidiaries | ' | 3,211,100 | ' | ' |
Total assets | ' | 4,562,000 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Total current liabilities | ' | 38,400 | ' | ' |
Deferred income taxes | ' | 721,800 | ' | ' |
Total liabilities | ' | 2,937,200 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 1,556,900 | ' | ' |
(Accumulated deficit) retained earnings | ' | 81,500 | ' | ' |
Accumulated other comprehensive income (loss) | ' | -13,600 | ' | ' |
Total stockholder's equity | ' | 1,624,800 | ' | ' |
Total liabilities and stockholder's equity | ' | 4,562,000 | ' | ' |
Reportable Legal Entities | Parent Company | As Revised | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | 34,500 | ' | ' |
Other current assets | ' | 19,000 | ' | ' |
Total current assets | ' | 134,900 | ' | ' |
Other assets | ' | 61,200 | ' | ' |
Intercompany loan receivable | ' | 2,480,800 | ' | ' |
Investments in subsidiaries | ' | 2,180,800 | ' | ' |
Total assets | ' | 4,946,300 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Total current liabilities | ' | 38,400 | ' | ' |
Intercompany loan payable | ' | 1,092,000 | ' | ' |
Deferred income taxes | ' | 14,200 | ' | ' |
Total liabilities | ' | 3,321,500 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 1,556,900 | ' | ' |
(Accumulated deficit) retained earnings | ' | 81,500 | ' | ' |
Accumulated other comprehensive income (loss) | ' | -13,600 | ' | ' |
Total stockholder's equity | ' | 1,624,800 | ' | ' |
Total liabilities and stockholder's equity | ' | 4,946,300 | ' | ' |
Reportable Legal Entities | Guarantor Subsidiaries | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 751 | 35,357 | 14,589 | 3,288 |
Accounts receivable, net | 130,749 | 127,894 | ' | ' |
Inventories | 650,484 | 561,276 | ' | ' |
Deferred income taxes | 27,002 | 23,004 | ' | ' |
Other current assets | 18,049 | 24,104 | ' | ' |
Total current assets | 827,035 | 771,635 | ' | ' |
Property, plant and equipment, net | 304,274 | 308,852 | ' | ' |
Goodwill | 726,354 | 813,688 | ' | ' |
Other intangible assets, net | 1,439,374 | 1,601,964 | ' | ' |
Other assets | 8,115 | 6,937 | ' | ' |
Intercompany loan receivable | 1,060,793 | 1,091,982 | ' | ' |
Investments in subsidiaries | 148,921 | 152,680 | ' | ' |
Total assets | 4,514,866 | 4,747,738 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 140,761 | 195,712 | ' | ' |
Intercompany | 62,527 | 63,631 | ' | ' |
Accrued expenses and other current liabilities | 112,136 | 109,865 | ' | ' |
Total current liabilities | 315,424 | 369,208 | ' | ' |
Intercompany loan payable | 2,157,500 | 2,157,500 | ' | ' |
Deferred income taxes | 586,116 | 637,726 | ' | ' |
Other liabilities | 13,732 | 14,650 | ' | ' |
Total liabilities | 3,072,772 | 3,179,084 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Capital in excess of par | 1,358,862 | 1,358,862 | ' | ' |
(Accumulated deficit) retained earnings | 89,265 | 216,501 | ' | ' |
Accumulated other comprehensive income (loss) | -6,033 | -6,709 | ' | ' |
Total stockholder's equity | 1,442,094 | 1,568,654 | ' | ' |
Total liabilities and stockholder's equity | 4,514,866 | 4,747,738 | ' | ' |
Reportable Legal Entities | Guarantor Subsidiaries | As Reported | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Other current assets | ' | 43,100 | ' | ' |
Total current assets | ' | 790,700 | ' | ' |
Other assets | ' | 68,200 | ' | ' |
Total assets | ' | 3,583,300 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany | ' | 1,121,800 | ' | ' |
Total current liabilities | ' | 1,427,300 | ' | ' |
Deferred income taxes | ' | 22,000 | ' | ' |
Total liabilities | ' | 1,464,000 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 352,000 | ' | ' |
(Accumulated deficit) retained earnings | ' | 1,767,300 | ' | ' |
Total stockholder's equity | ' | 2,119,300 | ' | ' |
Total liabilities and stockholder's equity | ' | 3,583,300 | ' | ' |
Reportable Legal Entities | Guarantor Subsidiaries | As Revised | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Other current assets | ' | 24,100 | ' | ' |
Total current assets | ' | 771,600 | ' | ' |
Other assets | ' | 6,900 | ' | ' |
Intercompany loan receivable | ' | 1,092,000 | ' | ' |
Investments in subsidiaries | ' | 152,700 | ' | ' |
Total assets | ' | 4,747,700 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany | ' | 63,600 | ' | ' |
Total current liabilities | ' | 369,200 | ' | ' |
Intercompany loan payable | ' | 2,157,500 | ' | ' |
Deferred income taxes | ' | 637,700 | ' | ' |
Total liabilities | ' | 3,179,000 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 1,358,900 | ' | ' |
(Accumulated deficit) retained earnings | ' | 216,500 | ' | ' |
Accumulated other comprehensive income (loss) | ' | -6,700 | ' | ' |
Total stockholder's equity | ' | 1,568,700 | ' | ' |
Total liabilities and stockholder's equity | ' | 4,747,700 | ' | ' |
Reportable Legal Entities | Non-Guarantor Subsidiaries | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 61,187 | 81,848 | 116,886 | 128,949 |
Accounts receivable, net | 44,952 | 43,776 | ' | ' |
Intercompany | 32,102 | 29,082 | ' | ' |
Inventories | 202,742 | 178,676 | ' | ' |
Deferred income taxes | 1,913 | 633 | ' | ' |
Other current assets | 40,843 | 35,442 | ' | ' |
Total current assets | 383,739 | 369,457 | ' | ' |
Property, plant and equipment, net | 197,906 | 174,065 | ' | ' |
Goodwill | 436,928 | 447,114 | ' | ' |
Other intangible assets, net | 352,218 | 358,388 | ' | ' |
Other assets | 91 | 79 | ' | ' |
Total assets | 1,370,882 | 1,349,103 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion long-term debt | 261 | 376 | ' | ' |
Accounts payable | 87,116 | 63,348 | ' | ' |
Accrued expenses and other current liabilities | 74,638 | 71,494 | ' | ' |
Total current liabilities | 162,015 | 135,218 | ' | ' |
Intercompany loan payable | 339,843 | 323,260 | ' | ' |
Long-term debt, net of current portion | 587 | 905 | ' | ' |
Deferred income taxes | 99,566 | 99,542 | ' | ' |
Other liabilities | 24,881 | 25,338 | ' | ' |
Total liabilities | 626,892 | 584,263 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Capital in excess of par | 739,911 | 733,411 | ' | ' |
(Accumulated deficit) retained earnings | 24,570 | 30,198 | ' | ' |
Accumulated other comprehensive income (loss) | -20,491 | 1,231 | ' | ' |
Total stockholder's equity | 743,990 | 764,840 | ' | ' |
Total liabilities and stockholder's equity | 1,370,882 | 1,349,103 | ' | ' |
Reportable Legal Entities | Non-Guarantor Subsidiaries | As Reported | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | 264,100 | ' | ' |
Other current assets | ' | 35,400 | ' | ' |
Total current assets | ' | 604,400 | ' | ' |
Other assets | ' | 100 | ' | ' |
Total assets | ' | 1,584,100 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Total current liabilities | ' | 135,200 | ' | ' |
Intercompany loan payable | ' | 323,300 | ' | ' |
Deferred income taxes | ' | 7,500 | ' | ' |
Total liabilities | ' | 492,300 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 301,300 | ' | ' |
(Accumulated deficit) retained earnings | ' | 789,300 | ' | ' |
Accumulated other comprehensive income (loss) | ' | 1,200 | ' | ' |
Total stockholder's equity | ' | 1,091,800 | ' | ' |
Total liabilities and stockholder's equity | ' | 1,584,100 | ' | ' |
Reportable Legal Entities | Non-Guarantor Subsidiaries | As Revised | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | 29,100 | ' | ' |
Other current assets | ' | 35,400 | ' | ' |
Total current assets | ' | 369,500 | ' | ' |
Other assets | ' | 100 | ' | ' |
Total assets | ' | 1,349,100 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Total current liabilities | ' | 135,200 | ' | ' |
Intercompany loan payable | ' | 323,300 | ' | ' |
Deferred income taxes | ' | 99,500 | ' | ' |
Total liabilities | ' | 584,300 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | 733,400 | ' | ' |
(Accumulated deficit) retained earnings | ' | 30,200 | ' | ' |
Accumulated other comprehensive income (loss) | ' | 1,200 | ' | ' |
Total stockholder's equity | ' | 764,800 | ' | ' |
Total liabilities and stockholder's equity | ' | 1,349,100 | ' | ' |
Eliminations | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | -62,527 | -63,631 | ' | ' |
Total current assets | -62,527 | -63,631 | ' | ' |
Intercompany loan receivable | -3,558,136 | -3,572,742 | ' | ' |
Investments in subsidiaries | -2,186,084 | -2,333,494 | ' | ' |
Total assets | -5,806,747 | -5,969,867 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany | -62,527 | -63,631 | ' | ' |
Total current liabilities | -62,527 | -63,631 | ' | ' |
Intercompany loan payable | -3,558,136 | -3,572,742 | ' | ' |
Total liabilities | -3,620,663 | -3,636,373 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Common stock | ' | ' | ' | ' |
Capital in excess of par | -2,098,773 | -2,092,273 | ' | ' |
(Accumulated deficit) retained earnings | -113,835 | -246,699 | ' | ' |
Accumulated other comprehensive income (loss) | 26,524 | 5,478 | ' | ' |
Total stockholder's equity | -2,186,084 | -2,333,494 | ' | ' |
Total liabilities and stockholder's equity | -5,806,747 | -5,969,867 | ' | ' |
Eliminations | As Reported | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | -1,121,800 | ' | ' |
Total current assets | ' | -1,121,800 | ' | ' |
Intercompany loan receivable | ' | -323,300 | ' | ' |
Investments in subsidiaries | ' | -3,211,100 | ' | ' |
Total assets | ' | -4,656,100 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany | ' | -1,121,800 | ' | ' |
Total current liabilities | ' | -1,121,800 | ' | ' |
Intercompany loan payable | ' | -323,300 | ' | ' |
Total liabilities | ' | -1,445,000 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | -653,300 | ' | ' |
(Accumulated deficit) retained earnings | ' | -2,556,600 | ' | ' |
Accumulated other comprehensive income (loss) | ' | -1,200 | ' | ' |
Total stockholder's equity | ' | -3,211,100 | ' | ' |
Total liabilities and stockholder's equity | ' | -4,656,100 | ' | ' |
Eliminations | As Revised | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Intercompany | ' | -63,600 | ' | ' |
Total current assets | ' | -63,600 | ' | ' |
Intercompany loan receivable | ' | -3,572,700 | ' | ' |
Investments in subsidiaries | ' | -2,333,500 | ' | ' |
Total assets | ' | -5,969,900 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany | ' | -63,600 | ' | ' |
Total current liabilities | ' | -63,600 | ' | ' |
Intercompany loan payable | ' | -3,572,700 | ' | ' |
Total liabilities | ' | -3,636,400 | ' | ' |
Stockholder's equity: | ' | ' | ' | ' |
Capital in excess of par | ' | -2,092,300 | ' | ' |
(Accumulated deficit) retained earnings | ' | 246,700 | ' | ' |
Accumulated other comprehensive income (loss) | ' | 5,500 | ' | ' |
Total stockholder's equity | ' | -2,333,500 | ' | ' |
Total liabilities and stockholder's equity | ' | ($5,969,900) | ' | ' |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Statements of Guarantors (Details 3) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Condensed Parent Company Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $792,686 | $806,961 | $779,026 | $827,105 | $813,111 | $802,829 | $757,874 | $789,227 | $3,205,778 | $3,163,041 | $2,999,733 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,740,417 | 1,700,909 | 1,608,436 |
Advertising, promotion and catalog | ' | ' | ' | ' | ' | ' | ' | ' | 202,754 | 189,485 | 164,298 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 952,533 | 910,187 | 832,629 |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 207,334 | ' | ' |
Facility restructuring charges | ' | ' | ' | ' | ' | ' | 30,200 | ' | ' | 32,695 | ' |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 3,103,038 | 2,833,276 | 2,605,363 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | 102,740 | 329,765 | 394,370 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest | ' | ' | ' | ' | ' | ' | ' | ' | -136,038 | -147,100 | -158,584 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | -709 | 1,693 | -1,003 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -136,747 | -145,407 | -159,587 |
(Loss) income from continuing operations before income taxes | -177,856 | 48,028 | 15,468 | 80,353 | 63,764 | 70,203 | -18,050 | 68,440 | -34,007 | 184,358 | 234,783 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 10,145 | 54,878 | 65,264 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -44,152 | 129,480 | 169,519 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | 43,461 | 51,250 | -10,401 | 45,171 | ' | ' | -23,048 |
Net (loss) income | -141,140 | 33,267 | 9,900 | 53,821 | ' | ' | ' | ' | -44,152 | 129,480 | 146,471 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -18,799 | 605 | 16,740 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 3,180 | 4,405 | 2,431 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -15,619 | 5,010 | 19,171 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -59,771 | 134,490 | 165,642 |
Reportable Legal Entities | Parent Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 96,771 | 103,625 | 77,156 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 96,771 | 103,625 | 77,156 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | -96,771 | -103,625 | -77,156 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | 157,567 | 162,091 | 163,353 |
Interest | ' | ' | ' | ' | ' | ' | ' | ' | -137,589 | -147,676 | -158,584 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | 1,497 | -341 | 365 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 21,475 | 14,074 | 5,134 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -75,296 | -89,551 | -72,022 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -10,816 | -26,871 | -27,021 |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 20,328 | 192,160 | 191,472 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 146,471 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -44,152 | 129,480 | 146,471 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -18,799 | 605 | 16,740 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 3,180 | 4,405 | 2,431 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -15,619 | 5,010 | 19,171 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -59,771 | 134,490 | 165,642 |
Reportable Legal Entities | Parent Company | As Reported | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103,600 | 77,200 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -103,600 | -77,200 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,400 | 4,800 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -300 | 400 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -133,600 | -153,500 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -237,200 | -230,600 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -71,200 | -86,500 |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295,500 | 290,600 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 129,500 | 146,500 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -700 | 23,100 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,700 | -3,900 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 134,500 | 165,600 |
Reportable Legal Entities | Parent Company | As Revised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103,600 | 77,200 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -103,600 | -77,200 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | 162,100 | 163,400 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -300 | 400 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,100 | 5,100 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -89,600 | -72,000 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -26,900 | -27,000 |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 192,200 | 191,500 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 129,500 | 146,500 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600 | 16,700 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400 | 2,400 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 134,500 | 165,600 |
Reportable Legal Entities | Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Parent Company Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 2,158,213 | 2,226,010 | 2,173,443 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,339,925 | 1,343,613 | 1,303,122 |
Advertising, promotion and catalog | ' | ' | ' | ' | ' | ' | ' | ' | 163,894 | 153,418 | 134,076 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 459,309 | 458,065 | 431,047 |
Goodwill and intangible asset impairment charges | ' | ' | ' | ' | ' | ' | ' | ' | 207,334 | ' | ' |
Facility restructuring charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,695 | ' |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2,170,462 | 1,987,791 | 1,868,245 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | -12,249 | 238,219 | 305,198 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | -137,589 | -147,676 | -158,584 |
Interest | ' | ' | ' | ' | ' | ' | ' | ' | 1,106 | ' | ' |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | -1,665 | 9,532 | 1,564 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -138,148 | -138,144 | -157,020 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -150,397 | 100,075 | 148,178 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | -24,416 | 33,075 | 47,870 |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 24,086 | 20,010 | 16,525 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 116,833 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -101,895 | 87,010 | 116,833 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -2,503 | -2,950 | 2,500 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 3,180 | 4,405 | 2,431 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 677 | 1,455 | 4,931 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -101,218 | 88,465 | 121,764 |
Reportable Legal Entities | Guarantor Subsidiaries | As Reported | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 458,100 | 431,000 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 238,200 | 305,200 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,500 | 1,600 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,500 | 1,600 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 247,800 | 306,800 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77,400 | 107,400 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,400 | 199,400 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,400 | 199,400 |
Reportable Legal Entities | Guarantor Subsidiaries | As Revised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 458,100 | 431,000 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 238,200 | 305,200 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | -147,700 | -158,600 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,500 | 1,600 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -138,100 | -157,000 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,100 | 148,200 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33,100 | 47,900 |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 16,500 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,000 | 116,800 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,000 | 2,500 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400 | 2,400 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 88,500 | 121,800 |
Reportable Legal Entities | Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Parent Company Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 1,160,397 | 1,040,601 | 947,941 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | 513,324 | 460,866 | 426,965 |
Advertising, promotion and catalog | ' | ' | ' | ' | ' | ' | ' | ' | 38,860 | 36,067 | 30,222 |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 396,453 | 348,497 | 324,426 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | 948,637 | 845,430 | 781,613 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | 211,760 | 195,171 | 166,328 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | -19,978 | -14,415 | -4,769 |
Interest | ' | ' | ' | ' | ' | ' | ' | ' | 445 | 576 | ' |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | -541 | -7,498 | -2,932 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -20,074 | -21,337 | -7,701 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 191,686 | 173,834 | 158,627 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | 45,377 | 48,674 | 44,415 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 114,212 |
Loss from discontinued operations, net of income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,048 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 146,309 | 125,160 | 91,164 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -21,722 | 2,191 | 13,193 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -21,722 | 2,191 | 13,193 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | 124,587 | 127,351 | 104,357 |
Reportable Legal Entities | Non-Guarantor Subsidiaries | As Reported | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 348,500 | 324,400 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 195,200 | 166,300 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14,400 | -4,800 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,500 | -2,900 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -21,300 | -7,700 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173,800 | 158,600 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,700 | 44,400 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,200 | 91,200 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,200 | 13,200 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,400 | 104,400 |
Reportable Legal Entities | Non-Guarantor Subsidiaries | As Revised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Selling, general and administrative | ' | ' | ' | ' | ' | ' | ' | ' | ' | 348,500 | 324,400 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 195,200 | 166,300 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14,400 | -4,800 |
Miscellaneous, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,500 | -2,900 |
Total other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -21,300 | -7,700 |
(Loss) income from continuing operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173,800 | 158,600 |
(Benefit) provision for income taxes on continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48,700 | 44,400 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,200 | 91,200 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,200 | 13,200 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,400 | 104,400 |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Parent Company Statements of Operations and Comprehensive Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | -112,832 | -103,570 | -121,651 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' | ' | ' | ' | ' | -112,832 | -103,570 | -121,651 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | -112,832 | -103,570 | -121,651 |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -44,414 | -212,170 | -207,997 |
(Loss) income from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -207,997 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -44,414 | -212,170 | -207,997 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 24,225 | 759 | -15,693 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -3,180 | -4,405 | -2,431 |
Total other comprehensive income (loss), net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 21,045 | -3,646 | -18,124 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -23,369 | -215,816 | -226,121 |
Eliminations | As Reported | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -295,500 | -290,600 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -295,500 | -290,600 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,200 | -13,200 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -297,700 | -303,800 |
Eliminations | As Revised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other income (expense): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -212,200 | -208,000 |
Net (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -212,200 | -208,000 |
Other comprehensive (loss) income, net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800 | -15,700 |
Change in fair value of interest rate swaps, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,400 | -2,400 |
Comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($215,800) | ($226,100) |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Statements of Guarantors (Details 4) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Mar. 21, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ($141,140) | $33,267 | $9,900 | $53,821 | ' | ' | ' | ' | ($44,152) | $129,480 | $146,471 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairments and disposals of assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 214,813 | 5,269 | 764 |
Loss from discontinued operations | ' | ' | ' | ' | ' | -43,461 | -51,250 | 10,401 | -45,171 | ' | ' | 23,048 |
Depreciation of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,530 | 64,883 | 58,311 |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,027 | 45,753 | 43,960 |
Foreign currency transaction loss (gain) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,702 | -946 | -289 |
Amortization and write-off of deferred financing fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,033 | 22,504 | 23,700 |
Write-off of financing fees | 4,232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,088 | 2,043 | 2,680 |
Allowance for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 988 | -2,587 | 297 |
Amortization of incremental inventory fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,417 | ' |
Inventory reserves | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,006 | 2,042 | -2,652 |
Deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,881 | 5,293 | -17,057 |
Call premium on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,075 | ' |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,700 | -4,696 | -22,380 |
Inventories | ' | ' | ' | ' | ' | ' | ' | ' | ' | -123,071 | -14,350 | -44,790 |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 372 | -3,733 | -2,147 |
Accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -30,932 | 45,753 | 16,097 |
Accrued expenses and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,921 | 27,526 | 5,491 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,744 | 311,576 | 231,504 |
Cash provided by operating activities of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,546 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,744 | 311,576 | 234,050 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | -105,207 | -129,220 | -86,314 |
Proceeds from sale of buildings and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,188 | 7,548 | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -82,473 | ' |
Net proceeds from sale of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 515 |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -98,019 | -204,145 | -85,799 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | -378 | -603 | -229,375 |
Payments for financing fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,387 | ' |
Proceeds from borrowings under the revolver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' |
Paydowns of borrowings under the revolver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -80,000 | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | -60,063 | -216,926 | ' |
Capital contribution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -60,441 | -224,916 | -229,360 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,357 | 910 | 1,839 |
Net decrease in cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -59,073 | -116,575 | -79,270 |
Change in cash for discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,071 |
Cash and cash equivalents at beginning of year | ' | ' | ' | ' | 198,561 | ' | ' | ' | 315,136 | 198,561 | 315,136 | 393,335 |
Cash and cash equivalents at end of year | ' | 139,488 | ' | ' | ' | 198,561 | ' | ' | ' | 139,488 | 198,561 | 315,136 |
Reportable Legal Entities | Parent Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,152 | 129,480 | 146,471 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,328 | 192,160 | 191,472 |
Depreciation of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,956 | 8,213 | 5,275 |
Foreign currency transaction loss (gain) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -745 | -12 |
Amortization and write-off of deferred financing fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,033 | 22,504 | 23,700 |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,521 | 1,845 | 2,482 |
Call premium on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -15,075 | ' |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | 126,596 | 62,010 | 145,174 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96,626 | 16,072 | 131,618 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 131,618 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | -22,031 | -35,186 | -20,287 |
Proceeds from sale of buildings and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,548 | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -77,936 | ' |
Investment in subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,500 | ' | ' |
Net proceeds from sale of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 515 |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -28,531 | -105,574 | -19,772 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224,325 |
Payments for financing fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,387 | ' |
Proceeds from borrowings under the revolver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,000 | ' |
Paydowns of borrowings under the revolver | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -80,000 | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | -60,063 | -216,926 | ' |
Intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11,838 | 211,510 | 35,027 |
Capital contribution | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -71,901 | -12,803 | -189,283 |
Net decrease in cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,806 | -102,305 | -77,437 |
Cash and cash equivalents at beginning of year | ' | ' | ' | ' | 81,356 | ' | ' | ' | 183,661 | 81,356 | 183,661 | 261,098 |
Cash and cash equivalents at end of year | ' | 77,550 | ' | ' | ' | 81,356 | ' | ' | ' | 77,550 | 81,356 | 183,661 |
Reportable Legal Entities | Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -101,895 | 87,010 | 116,833 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,086 | 20,010 | 16,525 |
Impairments and disposals of assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 213,314 | 5,014 | 266 |
Depreciation of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,234 | 40,124 | 37,603 |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,590 | 42,341 | 40,680 |
Foreign currency transaction loss (gain) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,372 | ' | ' |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | 185 | 72 | 72 |
Allowance for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 407 | -2,587 | 297 |
Amortization of incremental inventory fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,417 | ' |
Inventory reserves | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,874 | 2,042 | -2,652 |
Deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -49,158 | 5,293 | -23,852 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,956 | 9,126 | -18,843 |
Inventories | ' | ' | ' | ' | ' | ' | ' | ' | ' | -88,597 | -11,297 | -28,139 |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,451 | 1,721 | 2,066 |
Accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -56,196 | 42,331 | 14,220 |
Accrued expenses and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -973 | 20,544 | -14,924 |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,341 | 27,589 | 3,186 |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 545 | -44,124 | 22,778 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,638 | 295,854 | 87,510 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,510 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,701 | -59,039 | -41,182 |
Proceeds from sale of buildings and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,178 | ' | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,537 | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -27,523 | -63,576 | -41,182 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,445 | -211,510 | -35,027 |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,445 | -211,510 | -35,027 |
Net decrease in cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,606 | 20,768 | 11,301 |
Cash and cash equivalents at beginning of year | ' | ' | ' | ' | 35,357 | ' | ' | ' | 14,589 | 35,357 | 14,589 | 3,288 |
Cash and cash equivalents at end of year | ' | 751 | ' | ' | ' | 35,357 | ' | ' | ' | 751 | 35,357 | 14,589 |
Reportable Legal Entities | Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 146,309 | 125,160 | 91,164 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairments and disposals of assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,499 | 255 | 498 |
Loss from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,048 |
Depreciation of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,340 | 16,546 | 15,433 |
Amortization of intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,437 | 3,412 | 3,280 |
Foreign currency transaction loss (gain) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 330 | -201 | -277 |
Stock-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | 382 | 126 | 126 |
Allowance for doubtful accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 581 | ' | ' |
Inventory reserves | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,132 | ' | ' |
Deferred income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 277 | ' | 6,795 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,744 | -13,822 | -3,537 |
Inventories | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,474 | -3,053 | -16,651 |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7,079 | -5,454 | -4,213 |
Accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,264 | 3,422 | 1,877 |
Accrued expenses and other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,894 | 6,982 | 20,415 |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | -545 | 44,124 | -22,778 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 161,693 | 89,249 | 160,736 |
Cash provided by operating activities of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,546 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163,282 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases of property, plant and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,475 | -34,995 | -24,845 |
Proceeds from sale of buildings and equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | ' | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,465 | -34,995 | -24,845 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | -378 | -603 | -5,050 |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | -151,937 | -89,599 | -148,360 |
Intercompany | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,283 | ' | ' |
Capital contribution | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,500 | ' | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -130,532 | -90,202 | -153,410 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,357 | 910 | 1,839 |
Net decrease in cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,661 | -35,038 | -13,134 |
Change in cash for discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,071 |
Cash and cash equivalents at beginning of year | ' | ' | ' | ' | 81,848 | ' | ' | ' | 116,886 | 81,848 | 116,886 | 128,949 |
Cash and cash equivalents at end of year | ' | 61,187 | ' | ' | ' | 81,848 | ' | ' | ' | 61,187 | 81,848 | 116,886 |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,414 | -212,170 | -207,997 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,414 | -212,170 | -207,997 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | -151,937 | -89,599 | -148,360 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | -151,937 | -89,599 | -148,360 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -148,360 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,500 | ' | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,500 | ' | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | 151,937 | 89,599 | 148,360 |
Capital contribution | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,500 | ' | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 145,437 | 89,599 | 148,360 |
As Reported | Reportable Legal Entities | Parent Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 129,500 | 146,500 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -295,500 | -290,600 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 378,000 | 279,300 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 227,600 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 166,600 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -77,900 | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -105,600 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -216,900 | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -224,300 | -224,300 |
As Reported | Reportable Legal Entities | Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,400 | 199,400 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -243,700 | -153,700 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 84,900 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,500 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,500 | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -63,600 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -600 | ' |
As Reported | Reportable Legal Entities | Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,200 | 91,200 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -134,300 | -125,600 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,900 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -35,000 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,100 |
As Reported | Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -295,500 | -290,600 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295,500 | 290,600 |
As Revised | Reportable Legal Entities | Parent Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 129,500 | 146,500 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -192,200 | -191,500 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,000 | 145,200 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,100 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 131,600 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -77,900 | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -105,600 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -216,900 | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12,800 | -189,300 |
As Revised | Reportable Legal Entities | Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,000 | 116,800 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,000 | -16,500 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,600 | 3,200 |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,100 | -22,800 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 295,900 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,500 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquisitions, net of cash acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,500 | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -63,600 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -211,500 | -35,000 |
As Revised | Reportable Legal Entities | Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,200 | 91,200 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany accounts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -44,100 | 22,800 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 89,200 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163,300 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash used in investing activities of continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -35,000 | ' |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -89,600 | -148,400 |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -90,200 | -153,400 |
As Revised | Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -212,200 | -208,000 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 212,200 | 208,000 |
Changes in operating assets and liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -89,600 | -148,400 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -89,600 | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -148,400 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 89,600 | 148,400 |
Cash used in by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $89,600 | $148,400 |
Quarterly_Results_of_Operation2
Quarterly Results of Operations (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Net sales | $792,686 | $806,961 | $779,026 | $827,105 | $813,111 | $802,829 | $757,874 | $789,227 | $3,205,778 | $3,163,041 | $2,999,733 |
Gross profit | 356,272 | 375,757 | 347,945 | 385,387 | 379,836 | 377,959 | 343,858 | 360,478 | ' | ' | ' |
Income (loss) from continuing operations before income taxes | -177,856 | 48,028 | 15,468 | 80,353 | 63,764 | 70,203 | -18,050 | 68,440 | -34,007 | 184,358 | 234,783 |
Loss from discontinued operations, net of taxes | ' | ' | ' | ' | 43,461 | 51,250 | -10,401 | 45,171 | ' | ' | -23,048 |
Net income (loss) | -141,140 | 33,267 | 9,900 | 53,821 | ' | ' | ' | ' | -44,152 | 129,480 | 146,471 |
Impairment adjustments | 207,334 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Facility restructuring charges | ' | ' | ' | ' | ' | ' | 30,200 | ' | ' | 32,695 | ' |
Amount related to accrual of an anticipated legal settlement | ' | ' | ' | ' | $12,000 | ' | $12,000 | ' | ' | $12,000 | ' |
SCHEDULE_II_Valuation_and_Qual1
SCHEDULE II Valuation and Qualifying Accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at end of period | $101,741 | $98,848 | ' |
Inventory reserves | ' | ' | ' |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at beginning of period | 21,753 | 19,712 | 22,364 |
Additions, Charged to costs and expenses | 6,006 | 2,041 | -2,652 |
Balance at end of period | 27,759 | 21,753 | 19,712 |
Allowance for doubtful accounts | ' | ' | ' |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at beginning of period | 2,472 | 5,244 | 5,376 |
Additions, Charged to costs and expenses | 988 | -2,588 | 297 |
Deductions | -896 | -184 | -429 |
Balance at end of period | 2,564 | 2,472 | 5,244 |
Promotional program incentive allowances | ' | ' | ' |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at beginning of period | 82,827 | 71,845 | 74,593 |
Additions, Charged to costs and expenses | 329,562 | 329,683 | 307,371 |
Deductions | -328,621 | -318,701 | -310,119 |
Balance at end of period | 83,768 | 82,827 | 71,845 |
Allowance for sales returns | ' | ' | ' |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at beginning of period | 13,549 | 10,360 | 10,793 |
Additions, Charged to costs and expenses | 37,521 | 31,087 | 28,333 |
Deductions | -35,661 | -27,898 | -28,766 |
Balance at end of period | 15,409 | 13,549 | 10,360 |
Valuation allowance for deferred tax assets | ' | ' | ' |
Changes in valuation and qualifying accounts | ' | ' | ' |
Balance at beginning of period | 14,116 | 14,867 | 15,404 |
Additions, Charged to costs and expenses | -1,269 | 829 | 1,240 |
Deductions | -3,304 | -1,580 | -1,777 |
Balance at end of period | $9,543 | $14,116 | $14,867 |