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Stock Compensation (Tables)

12 Months Ended

Sep. 30, 2012

Consolidated Stock Compensation Expense

The Company recognized consolidated stock compensation expense as follows:

		Year Ended September 30,
		2012				2011				2010
Stock compensation expense		$	31,214			$	30,505			$	16,710
Related tax benefit			10,265				10,636				5,837
Noncontrolling interest			8,177				9,057				4,932
Net		$	12,772			$	10,812			$	5,941

Summary of Outstanding Stock-Based Awards and Options

A summary of stock options outstanding as of September 30, 2011 and 2012, and related activity during Fiscal 2012, under HGI and FGL’s respective incentive plans are as follows:

		HGI												FGL
Stock Option Awards		Options				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value				Options				Weighted Average Exercise Price				Weighted Average Grant Date Fair Value
Stock options outstanding at September 30, 2011			143			$	6.77			$	2.54				—			$	—			$	—
Granted			2,275				4.95				1.76				207				38.20				3.90
Exercised			(8	)			3.33				1.29				—				—				—
Forfeited or expired			(125	)			7.01				2.64				(6	)			38.14				3.90
Stock options outstanding at September 30, 2012			2,285				4.96				1.77				201				38.20				3.90
Vested and exercisable at September 30, 2012			7				6.50				2.35				—				—				—
Outstanding and expected to vest at September 30, 2012			2,285				4.96				1.77				161				38.20				3.90

Summary of Non-Vested Outstanding Restricted Stock Awards and Restricted Stock Units

A summary of restricted stock and restricted stock units outstanding as of September 30, 2011 and 2012, and related activity during Fiscal 2012, under HGI and Spectrum Brands’ respective incentive plans are as follows:

		HGI								Spectrum Brands
Restricted Stock Awards		Shares				Weighted Average Grant Date Fair Value				Shares				Weighted Average Grant Date Fair Value
Restricted stock outstanding at September 30, 2011			—			$	—				123			$	24.20
Granted			838				4.93				—				—
Vested			(9	)			4.61				(110	)			23.75
Forfeited			—				—				—				—
Restricted stock outstanding at September 30, 2012			829				4.93				13				28.00
Outstanding and expected to vest at September 30, 2012			829				4.93				13				28.00

		HGI								Spectrum Brands
Restricted Stock Units		Units				Weighted Average Grant Date Fair Value				Units				Weighted Average Grant Date Fair Value
Restricted stock units outstanding at September 30, 2011			—			$	—				1,645			$	28.97
Granted			22				4.61				863				28.28
Vested			(5	)			4.61				(520	)			29.83
Forfeited			—				—				(57	)			28.49
Restricted stock units outstanding at September 30, 2012			17				4.61				1,931				28.45
Vested and exercisable at September 30, 2012			5				4.61
Outstanding and expected to vest at September 30, 2012			17				4.61				1,931				28.45

HGI [Member]

Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model

The following assumptions were used in Fiscal 2012 and 2010 in the determination of the grant date fair values of HGI’s stock options using the Black-Scholes option pricing model:

		2012		2010
Risk-free interest rate		0.97% - 1.19%		2.60%
Assumed dividend yield		—		—
Expected option term		6 years		6 years
Volatility		33.0% - 35.5%		32.0%

Spectrum Brands [Member]

Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model

The following assumptions were used in the determination of the grant date fair values using the Black-Scholes option pricing model:

		2012
Risk-free interest rate		0.8%
Assumed dividend yield		10.0%
Expected option term		4.5 years
Volatility		35.0%

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- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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