XML 35 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Share Based Compensation | 9 Months Ended
--- | ---
Jun. 30, 2018
Share Based Compensation [Abstract] |
Share Based Compensation | NOTE 14 - SHARE BASED COMPENSATION ﻿ ﻿ Share based compensation expense is recognized as General and Administrative Expenses on the Condensed Consolidated Statements of Income and consists of costs from the Spectrum equity plan and the HRG equity plan. The following is a summary of share based compensation expense for the three and nine month periods ended June 30, 2018 and 2017.
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three Month Periods Ended |  | Nine Month Periods Ended
﻿(in millions) |  | June 30, 2018 |  | June 30, 2017 |  |  | June 30, 2018 |  |  | June 30, 2017
﻿Spectrum equity plan |  | $ | 4.9 |  | $ | 4.4 |  | $ | 5.3 |  | $ | 23.9
﻿HRG equity plan |  |  | 0.4 |  |  | 0.6 |  |  | 1.1 |  |  | 4.6
﻿SBH share based compensation expense |  |  | 5.3 |  |  | 5.0 |  |  | 6.4 |  |  | 28.5
﻿SB/RH share based compensation expense |  |  | 4.5 |  |  | 3.9 |  |  | 4.0 |  |  | 21.6
﻿ Spectrum ﻿ The following summary of the activity in Spectrum RSUs during the nine month period ended June 30, 2018: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Spectrum |  | SB/RH
﻿ |  |  |  | Weighted |  | Fair |  |  |  | Weighted |  | Fair
﻿ |  |  |  | Average |  | Value |  |  |  | Average |  | Value
﻿ |  |  |  | Grant Date |  | at Grant |  |  |  | Grant Date |  | at Grant
﻿(in millions, except per share data) |  | Shares |  | Fair Value |  | Date |  | Shares |  | Fair Value |  | Date
﻿Time-based grants |  | 0.1 |  | $ | 111.31 |  | $ | 11.0 |  | 0.1 |  | $ | 112.33 |  | $ | 9.6
﻿Performance-based grants |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Vesting in less than 24 months |  | 0.1 |  |  | 109.10 |  |  | 12.9 |  | 0.1 |  |  | 109.10 |  |  | 12.9
﻿ Vesting in more than 24 months |  | 0.1 |  |  | 109.45 |  |  | 12.6 |  | 0.1 |  |  | 109.45 |  |  | 12.6
﻿Total performance-based grants |  | 0.2 |  | $ | 109.27 |  | $ | 25.5 |  | 0.2 |  | $ | 109.27 |  | $ | 25.5
﻿Total grants |  | 0.3 |  | $ | 109.88 |  | $ | 36.5 |  | 0.3 |  | $ | 110.09 |  | $ | 35.1
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Spectrum |  | SB/RH
﻿ |  |  |  | Weighted |  | Fair |  |  |  | Weighted |  | Fair
﻿ |  |  |  | Average |  | Value |  |  |  | Average |  | Value
﻿ |  |  |  | Grant Date |  | at Grant |  |  |  | Grant Date |  | at Grant
﻿(in millions, except per share data) |  | Shares |  | Fair Value |  | Date |  | Shares |  | Fair Value |  | Date
﻿At September 30, 2017 |  | 0.8 |  | $ | 114.67 |  | $ | 87.2 |  | 0.7 |  | $ | 116.32 |  | $ | 82.4
﻿Granted |  | 0.3 |  |  | 109.88 |  |  | 36.5 |  | 0.3 |  |  | 110.09 |  |  | 35.1
﻿Forfeited |  | (0.1) |  |  | 116.13 |  |  | (10.0) |  | (0.1) |  |  | 116.13 |  |  | (10.0)
﻿Vested |  | (0.5) |  |  | 113.21 |  |  | (55.1) |  | (0.4) |  |  | 114.19 |  |  | (50.9)
﻿At June 30, 2018 |  | 0.5 |  | $ | 112.74 |  | $ | 58.6 |  | 0.5 |  | $ | 114.27 |  | $ | 56.6
﻿ In addition to RSUs, Spectrum also provides for a portion of its annual management incentive compensation plan to be paid in common stock of the Company, in lieu of cash payment, and is considered a liability plan. Share based compensation expense associated with the annual management incentive plan was $3.2 million and $1.9 million for the three month periods ended June 30, 2018 and 2017, respectively, and $6.4 million and $5.7 million for the nine month periods ended June 30, 2018 and 2017, respectively. The remaining unrecognized pre-tax compensation cost for SBH and SB/RH at June 30, 2018 was $1.6 million and $1.2 million, respectively. Effective the close of the Spectrum Merger, all outstanding awards under the Spectrum plan are modified and the underlying Spectrum shares are exchanged for shares in SBH. ﻿ HRG ﻿ The following is a summary of HRG share-based awards during the nine month period ended June 30, 2018: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Stock Options |  | Warrants |  | Restricted Stock Awards
﻿ |  |  |  | Weighted |  | Weighted |  |  |  | Weighted |  | Weighted |  |  |  | Weighted |  | Fair
﻿ |  |  |  | Average |  | Average |  |  |  | Average |  | Average |  |  |  | Average |  | Value
﻿ |  |  |  | Exercise |  | Grant Date |  |  |  | Exercise |  | Grant Date |  |  |  | Grant Date |  | at Grant
﻿(in millions, except per share data) |  | Options |  | Price |  | Fair Value |  | Units |  | Price |  | Fair Value |  | Shares |  | Fair Value |  | Date
﻿As of September 30, 2017 |  | 4.0 |  | $ | 9.69 |  | $ | 3.88 |  | 0.6 |  | $ | 13.13 |  | $ | 3.22 |  | 0.1 |  | $ | 13.36 |  | $ | 1.9
﻿Granted |  | — |  |  | — |  |  | — |  | — |  |  | — |  |  | — |  | 0.1 |  |  | 16.85 |  |  | 0.4
﻿Exercised |  | (2.5) |  |  | (8.38) |  |  | (3.33) |  | (0.6) |  |  | (13.13) |  |  | (3.22) |  | (0.1) |  |  | (13.56) |  |  | (1.9)
﻿Outstanding at June 30, 2018 |  | 1.5 |  | $ | 11.82 |  | $ | 4.78 |  | — |  | $ | — |  | $ | — |  | 0.1 |  | $ | 16.85 |  | $ | 0.4
﻿Vested/Exercisable at June 30, 2018 |  | 1.3 |  |  | 11.09 |  | $ | 4.53 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ During the nine month period ended June 30, 2018, HRG stock option awards with a total fair value of $0.8 million vested. The intrinsic value of HRG share options exercised during the nine month period ended June 30, 2018 was $21.5 million, which HRG received $19.9 million in cash settlement. The remaining unrecognized pre-tax compensation cost for HRG at June 30, 2018 was $0.3 million. Effective the close of the Spectrum Merger, all HRG awards become fully vested and exercisable.

X
- 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 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration