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Repurchase of Helen of Troy Common Stock
9 Months Ended
Nov. 30, 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 November 30, 2012, we are authorized by our Board of Directors to purchase up to 2,958,137 shares of common stock in the open market or through private transactions.  Our current equity compensation plans include provisions that allow for the “net exercise” of stock options by all plan participants. In a net 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. Net 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, open market repurchase activity and common stock option exercises resulted in the following share repurchases:

 

SHARE REPURCHASES

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended November 30,

 

Nine Months Ended November 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Common stock repurchased on the open market Number of shares

 

61,426

 

-    

 

61,426

 

-    

 

Aggregate market value of shares (in thousands)

 

  $

1,759

 

$

-    

 

  $

1,759

 

$

-    

 

Average price per share

 

  $

28.64

 

$

-    

 

  $

28.64

 

$

-    

 

 

 

 

 

 

 

 

 

 

 

Common stock received from stock option exercises Number of shares

 

1,752

 

6,616

 

48,791

 

1,072,878

 

Aggregate market value of shares (in thousands)

 

  $

58

 

$

187

 

  $

1,615

 

$

38,368

 

Average price per share

 

  $

33.18

 

$

28.23

 

  $

33.11

 

$

35.76