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Stock-based Compensation | 12 Months Ended
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Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock Compensation | The Company recognized consolidated stock compensation expense of $78.0, $72.6 and $73.7 during Fiscal 2016, 2015 and 2014, respectively. Stock compensation expense is principally included in “Selling, acquisition, operating and general expenses” in the accompanying Consolidated Statements of Operations. A summary of stock options outstanding as of September 30, 2016 and related activity during the year then ended are as follows (option amounts in thousands):
|  | HRG
Stock Option Awards |  | Options |  | Weighted Average Exercise Price |  | Weighted Average Grant Date Fair Value
Stock options outstanding at September 30, 2015 |  | 4,770 |  |  | $ | 9.25 |  |  | $ | 3.70 |
Granted |  | 28 |  |  | 13.93 |  |  | 5.07 |
Exercised |  | (567 | ) |  | 7.82 |  |  | 3.05 |
Stock options outstanding at September 30, 2016 |  | 4,231 |  |  | 9.48 |  |  | 3.80 |
Stock options vested and exercisable at September 30, 2016 |  | 3,273 |  |  | 8.56 |  |  | 3.42 |
Stock options outstanding and expected to vest |  | 4,231 |  |  | 9.48 |  |  | 3.80 |
A summary of restricted stock and restricted stock units outstanding as of September 30, 2016 and related activity during the year then ended, under HRG and Spectrum Brands are as follows (share amounts in thousands):
|  | HRG
Restricted Stock Awards |  | Shares |  | Weighted Average Grant Date Fair Value
Nonvested restricted stock outstanding at September 30, 2015 |  | 4,283 |  |  | $ | 11.74 |
Granted |  | 99 |  |  | 13.93 |
Exercised / Released |  | (2,407 | ) |  | 11.01 |
Nonvested restricted stock outstanding at September 30, 2016 |  | 1,975 |  |  | 12.74 |
|  | HRG |  | 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, 2015 |  | 42 |  |  | $ | 12.33 |  |  | 608 |  |  | $ | 87.50 |
Granted |  | 6 |  |  | 13.93 |  |  | 590 |  |  | 94.88 |
Exercised / Released |  | (6 | ) |  | 13.93 |  |  | (549 | ) |  | 86.97 |
Forfeited |  | — |  |  | — |  |  | (72 | ) |  | 92.26 |
Restricted stock units outstanding at September 30, 2016 |  | 42 |  |  | 12.33 |  |  | 577 |  |  | 94.97 |
A summary of warrants outstanding as of September 30, 2016 and related activity during the year 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, 2015 |  | 1,800 |  |  | $ | 13.13 |  |  | $ | 3.22 |
Exercised / Released |  | (600 | ) |  | 13.13 |  |  | 3.22 |
Warrants outstanding at September 30, 2016 |  | 1,200 |  |  | 13.13 |  |  | 3.22 |
Warrants vested and exercisable at September 30, 2016 |  | — |  |  | — |  |  | — |
Warrants outstanding and expected to vest |  | 1,200 |  |  | 13.13 |  |  | 3.22 |
HRG On September 15, 2011, the Company’s stockholders approved the HRG Group, Inc. 2011 Omnibus Equity Award Plan (formerly, Harbinger Group Inc. 2011 Omnibus Equity Award Plan, as amended (the “2011 HRG Plan”)). The 2011 HRG Plan provides for the issuance of stock options or stock appreciation rights (“SARs”) for up to 17 million shares of common stock. Such authorization was increased by 7 million shares upon the approval of an amendment to the 2011 Plan by HRG’s shareholders at the annual meeting held on May 30, 2015. Further, at that meeting, HRG’s shareholders approved the adoption of the Harbinger Group Inc. 2014 Warrant Award Plan, authorizing the issuance of 3 million warrants on HRG common stock to HRG’s former Chief Executive Officer, Mr. Philip Falcone. The 2011 HRG Plan, as amended, prohibits granting stock options with exercise prices and SARs with grant prices lower than the fair market value of the common stock on the date of grant, except in connection with the issuance or assumption of awards in connection with certain mergers, consolidations, acquisitions of property or stock or reorganizations. As of September 30, 2016, 9,065 thousand shares were available for issuance under the 2011 HRG Plan. During Fiscal 2016, HRG granted stock option awards, restricted stock awards and restricted stock unit awards representing approximately 28 thousand, 99 thousand and 6 thousand shares, respectively. All of these grants are time based, and vest either immediately, or over a period of up to 3 years. The total fair value of the stock grants during Fiscal 2016 on their respective grant dates was approximately $1.6. During Fiscal 2016, stock option awards, restricted stock awards and restricted stock unit awards with a total fair value of $31.7 vested. The total intrinsic value of share options exercised during Fiscal 2016 was $3.3, for which HRG received cash of $4.4 in settlement. During Fiscal 2015, HRG granted stock option awards, restricted stock awards and restricted stock unit awards representing approximately 977 thousand, 1,885 thousand and 48 thousand shares, respectively. All of these grants are time based, and vest either immediately, or over a period of up to 3 years. The total fair value of the stock grants during Fiscal 2015 on their respective grant dates was approximately $30.8. During Fiscal 2015, stock option awards and restricted stock awards with a total fair value of $32.0 vested. The total intrinsic value of share options exercised during Fiscal 2015 was $4.0, for which HRG received cash of $4.1 in settlement. During Fiscal 2014, HRG granted stock option awards, restricted stock awards and restricted stock units representing approximately 1,356 thousand, 3,325 thousand and 7 thousand shares, respectively. All of these grants are time based, and vest over a period of up to 3 years. The total fair value of the stock grants during Fiscal 2014 on their respective grant dates was approximately $46.7. During Fiscal 2014, stock option awards, restricted stock awards and restricted stock units with a total fair value of $15.2 vested. The total intrinsic value of share options exercised during Fiscal 2014 was $3.6, for which HRG received cash of $2.8 in settlement. In March 2014, the Company awarded warrants to HRG’s former Chief Executive Officer, Philip Falcone, representing the right to purchase approximately 3.0 million shares of HRG’s common stock, at an exercise price of $13.13 per share. A portion of the warrants, representing 600 thousand shares, vested immediately upon approval of the grant, and the remainder would vest over a period of 4 years. The estimated grant date fair value of this award was $9.6. As of September 30, 2016, there was approximately $4.7 of total unrecognized compensation cost related to unvested share-based compensation agreements previously granted, which is expected to be recognized over a weighted-average period of 0.94 years. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
| 2016 |  | 2015 |  | 2014
Risk-free interest rate | 1.65% to 1.74% |  | 1.57% to 1.87% |  | 1.37% to 1.70%
Assumed dividend yield | —% |  | —% |  | —%
Expected option term | 5.0 to 5.5 years |  | 5.0 to 6.5 years |  | 5.0 to 5.9 years
Volatility | 37.4% to 37.9% |  | 36.3% to 39.0% |  | 37.8% to 39.8%
The weighted-average remaining contractual term of outstanding stock option awards and warrants at September 30, 2016, was 6.70 years. Spectrum Brands On October 21, 2010, Spectrum Brands’ board of directors adopted the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan (the “2011 Plan”). During Fiscal 2014, the 2011 Plan was amended to increase the shares issuable to 5,626 thousand shares of common stock of Spectrum Brands, net of cancellations. Spectrum Brands granted restricted stock units representing approximately 590 thousand shares during Fiscal 2016. Of these grants, 423 thousand restricted stock units are performance and time-based and vest immediately or within 12 months, and the remaining 167 thousand restricted stock units vest within a 2 year period. The total market value of the restricted shares on the date of the grant was approximately $56.0. Spectrum Brands granted restricted stock units representing approximately 573 thousand shares during Fiscal 2015. Of these grants, 119 thousand restricted stock units vested immediately or within 12 months and 160 thousand restricted stock units are time-based and vest over a period of 1 year. The remaining 294 thousand restricted stock units are performance-based and vest over a period of up to 2 years. The total market value of the restricted shares on the date of the grant was approximately $52.9. Spectrum Brands granted restricted stock units representing approximately 669 thousand shares during Fiscal 2014. Of these grants, 203 thousand restricted stock units vested immediately or within 12 months and 143 thousand restricted stock units are time-based and vest over a period of 1 year. The remaining 323 thousand restricted stock units are performance-based and vest over 2 years. The total market value of the restricted shares on the date of the grant was approximately $50.5.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65895303&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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