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Repurchase of Helen of Troy Common Stock
6 Months Ended
Aug. 31, 2012
Repurchase of Helen of Troy Common Stock  
Repurchase of Helen of Troy Common Stock

Note 13 – Repurchase of Helen of Troy Common Stock

 

As of August 31, 2012, we are authorized by our Board of Directors to purchase up to 3,019,071 shares of common stock in the open market or through private transactions. Our current equity compensation plans include provisions that allow for the “cashless exercise” of stock options by all plan participants. In a cashless exercise, any required payroll taxes, federal withholding taxes and exercise price of the shares due from the option holder can be paid for by having the option holder tender back to the Company a number of shares at fair value equal to the amounts due. Cashless exercises are accounted for by the Company as a purchase and retirement of shares.

 

For the periods covered in the accompanying consolidated condensed financial statements, there was no open market repurchase activity; however, common stock option exercises and director stock compensation resulted in the following share repurchases:

 

SHARE REPURCHASES

 

 

 

Three Months Ended August 31,

 

Six Months Ended August 31,

 

 

 

2012

 

2011

 

 

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Common stock received from stock option exercises

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

2,595

 

1,040,079

 

 

 

47,039  

 

1,066,262

 

Aggregate market value of shares (in thousands)

 

 

$

82

 

$

37,345

 

 

 

  $

1,558  

 

$

38,182

 

Average price per share

 

 

$

31.46

 

$

35.91

 

 

 

  $

33.11  

 

$

35.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Common stock received from director stock compensation

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

1,122

 

-

 

 

 

2,244  

 

-

 

Aggregate market value of shares (in thousands)

 

 

$

34

 

$

-

 

 

 

  $

72  

 

$

-

 

Average price per share

 

 

$

30.30

 

$

-

 

 

 

  $

32.04  

 

$

-