Stock Compensation (Tables)

6 Months Ended

Mar. 31, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair Value, Measurement Inputs, Disclosure [Text Block]

The following assumptions were used in the determination of the grant date fair values using the Black-Scholes option pricing model for the former Chief Executive Officer's modified stock options and based on the value of FGL's common stock:



	2015
Weighted average fair value per option granted	$2.53
Risk-free interest rate	0.2%
Assumed dividend yield	1.18%
Expected option term	0.75 years
Volatility	25%

The fair values of restricted stock and restricted stock unit awards are determined based on the market price of FGL's common stock on the grant date. The fair value of stock options awarded by FGL during the six months ended March 31, 2015 and March 31, 2014 is determined using the 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:



	2015	2014
Weighted average fair value per option granted	$5.02	$3.76
Risk-free interest rate	1.4%	1.4%
Assumed dividend yield	1.2%	1.5%
Expected option term	4.5 years	4.5 years
Volatility	25%	25%

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

A summary of warrants outstanding as of March 31, 2015 and related activity during the six months then ended, under HRG's incentive plan are as follows (share amounts in thousands):



	HRG
Warrants	Units	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Warrants outstanding at September 30, 2014	3,000	$	13.13	$	3.22
Warrants outstanding at March 31, 2015	3,000	13.13		3.22
Warrants vested and exercisable at March 31, 2015	1,200	13.13		3.22
Warrants outstanding and expected to vest	1,800	13.13		3.22

Summary of Stock Options Outstanding and Related Activity

A summary of stock options outstanding as of March 31, 2015 and related activity during the six months then ended, under HRG, Fidelity & Guaranty Life Holdings, Inc. ("FGH"), and FGL’s respective incentive plans are as follows (option amounts in thousands):



	HRG						FGH				FGL
Stock Option Awards	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Options		Weighted Average Exercise Price
Stock options outstanding at September 30, 2014	4,624		$	8.14	$	3.28	225		$	46.19	242		$	17.00
Granted	822		13.36		5.25		—		—		182		24.87
Exercised	(306	)	6.32		2.41		(47	)	43.36		(3	)	17.00
Forfeited or expired	(35	)	10.38		4.29		(1	)	49.45		(12	)	20.08
Stock options outstanding at March 31, 2015	5,105		9.08		3.65		177		46.94		409		20.35
Stock options vested and exercisable at March 31, 2015	2,462		7.93		3.16		149		46.45		221		19.52
Stock options outstanding and expected to vest	2,643		10.15		4.10		26		46.91		176		20.30

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

A summary of restricted stock, restricted stock units and performance restricted stock units outstanding as of March 31, 2015 and related activity during the six months then ended, under HRG, Spectrum Brands, FGH and FGL’s respective incentive plans are as follows (share amounts in thousands):



	HRG				FGL
Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Nonvested restricted stock outstanding at September 30, 2014	5,438		$	9.75	172		$	18.18
Granted	1,885		13.36		298		23.81
Exercised / Released	(2,497	)	8.76		(228	)	21.64
Forfeited	(40	)	11.92		(13	)	20.62
Restricted stock units released as restricted stock awards	7		11.84		—		—
Nonvested restricted stock outstanding at March 31, 2015	4,793		11.67		229		21.96



	HRG				Spectrum Brands				FGH
Restricted Stock Units	Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value
Restricted stock units outstanding at September 30, 2014	7		$	11.84	827		$	67.66	26		$	49.55
Granted	6		13.36		529		90.43		—		—
Exercised / Released	(7	)	11.84		(704	)	68.28		(14	)	49.45
Forfeited	—		—		(16	)	84.13		—		—
Restricted stock units outstanding at March 31, 2015	6		13.36		636		85.50		12		49.68



	FGL
Performance Restricted Stock Units	Units		Weighted Average Grant Date Fair Value
Performance restricted stock units outstanding at September 30, 2014	578		$	17.37
Granted, including 8 additional units based on 2014 financial performance	40		20.36
Vested	(45	)	17.00
Forfeited	(72	)	17.00
Nonvested performance restricted stock units outstanding at March 31, 2015	501		17.69

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 for options awarded using the Black-Scholes option pricing model:



	2015	2014
Risk-free interest rate	1.58% to 1.87%	1.46% to 1.75%
Assumed dividend yield	—%	—%
Expected option term	5.0 to 6.5 years	5.3 to 6.0 years
Volatility	38.0% to 39.0%	41.2%