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Stock Compensation (Tables)

9 Months Ended

Jun. 30, 2016

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

Fair Value, Measurement Inputs, Disclosure [Text Block]

The fair value of restricted stock units is determined based on the market price of Spectrum Brands’ common stock on the grant date.

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, 2016 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, 2015		1,800			$	13.13			$	3.22
Warrants outstanding at June 30, 2016		1,800			13.13				3.22
Warrants vested and exercisable at June 30, 2016		600			13.13				3.22
Warrants outstanding and expected to vest		1,200			13.13				3.22

Summary of Stock Options Outstanding and Related Activity

A summary of stock options outstanding as of June 30, 2016 and related activity during the nine months 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		(497	)		8.25				3.24
Stock options outstanding at June 30, 2016		4,301			9.40				3.77
Stock options vested and exercisable at June 30, 2016		3,266			8.39				3.36
Stock options outstanding and expected to vest		4,301			9.40				3.77

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, 2016 and related activity during the nine months 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		(2,315	)		10.93
Nonvested restricted stock outstanding at June 30, 2016		2,067			12.76

		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				588			94.78
Vested/Exercised		—			—				(544	)		86.81
Forfeited or Expired		—			—				(156	)		94.75
Restricted stock units outstanding at June 30, 2016		48			12.52				496			94.63

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:

	Nine months ended June 30,
	2016		2015
Risk-free interest rate	1.65% to 1.74%		1.57% to 1.87%
Assumed dividend yield	—%		—%
Expected option term	5.0 to 5.5 years		5.0 to 6.5 years
Volatility	37.4% to 37.9%		37.1% to 39.0%

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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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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Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible).

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