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Stock Compensation (Tables)

9 Months Ended

Jun. 30, 2015

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

Fair Value, Measurement Inputs, Disclosure [Text Block]

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 nine months ended June 30, 2015 and 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	$4.23 - $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%

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	1.2%
Expected option term	0.75 years
Volatility	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 June 30, 2015 and related activity during the nine 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
Forfeited		(600	)		13.13				3.22
Warrants outstanding at June 30, 2015		2,400			13.13				3.22
Warrants vested and exercisable at June 30, 2015		600			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 June 30, 2015 and related activity during the nine 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		900			13.27				5.19				—			—				206			24.40
Exercised		(600	)		6.54				2.54				(75	)		44.89				(3	)		17.00
Forfeited or expired		(204	)		10.87				4.44				(1	)		49.45				(16	)		20.81
Stock options outstanding at June 30, 2015		4,720			9.21				3.69				149			46.81				429			20.41
Stock options vested and exercisable at June 30, 2015		2,298			8.12				3.24				123			46.23				221			19.52
Stock options outstanding and expected to vest		2,422			10.24				4.12				25			46.79				199			20.41

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 June 30, 2015 and related activity during the nine 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				325			23.57
Exercised / Released		(2,710	)		8.92				(227	)		21.61
Forfeited		(343	)		11.44				(18	)		21.62
Restricted stock units released as restricted stock awards		7			11.84				—			—
Nonvested restricted stock outstanding at June 30, 2015		4,277			11.74				252			21.91

		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		48			12.46				551			90.44				—			—
Exercised / Released		(7	)		11.84				(705	)		68.29				(14	)		49.55
Forfeited		—			—				(29	)		85.39				(1	)		49.45
Restricted stock units outstanding at June 30, 2015		48			12.46				644			85.65				11			49.57

		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 June 30, 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	1.57% 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	37.1% to 39.0%		41.2%

X

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

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