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Stock Compensation (Tables)

3 Months Ended

Dec. 30, 2012

Consolidated Stock Compensation Expense

The Company recognized consolidated stock compensation expense as follows:

		Three Months Ended
		December 30, 2012				January 1, 2012
Stock compensation expense		$	6.5			$	4.5
Less:
Related tax benefit			0.3				—
Noncontrolling interest			1.4				2.0
Net		$	4.8			$	2.5

Summary of Stock Options Outstanding and Related Activity

A summary of stock options outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and FGL’s respective incentive plans are as follows (share amounts in thousands):

		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, 2012			2,285			$	4.96			$	1.77				201			$	38.20			$	3.90
Granted			1,498				8.52				3.53				—				—				—
Stock options outstanding at December 30, 2012			3,783				6.37				2.46				201				38.20				3.90
Stock options vested and exercisable at December 30, 2012			812				6.13				2.35				—				—				—
Stock options outstanding and expected to vest			2,971				6.43				2.50				179				38.20				3.90

Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity

A summary of restricted stock and restricted stock units outstanding as of December 30, 2012 and related activity during the three months then ended, under HGI and Spectrum Brands’ respective incentive plans are as follows (share amounts in thousands):

		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, 2012			830			$	4.93				13			$	28.00
Granted			3,227				8.52				—				—
Vested			(633	)			8.23				—				—
Forfeited			—				—				—				—
Restricted stock outstanding at December 30, 2012			3,424				7.70				13				28.00
Restricted stock expected to vest			3,424				7.70				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, 2012			17			$	4.61				1,931			$	28.45
Granted			—				—				574				44.63
Vested			(17	)			4.61				(1,004	)			28.30
Forfeited			—				—				(263	)			28.85
Restricted stock units outstanding at December 30, 2012			—				—				1,238				35.98
Restricted stock units vested and exercisable at December 30, 2012			22				4.61				—				—
Restricted stock units expected to vest			—				—				1,238				35.98

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

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

		2013		2012
Risk-free interest rate		0.84%		1.19%
Assumed dividend yield		—%		—%
Expected option term		5.3 to 6.0 years		6.0 years
Volatility		42.8% to 44.0%		33.0%

X

- Definition

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

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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