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Repurchase of Helen of Troy Common Stock (Tables)
 9 Months Ended
Nov. 30, 2015
Repurchase of Helen of Troy Common Stock  
Summary of share repurchase activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended November 30, 

 

Nine Months Ended November 30, 

 

 

    

2015

    

2014

 

2015

    

2014

 

Common stock repurchased on the open market or through tender offer

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

 -

 

 

 -

 

 
556,591

 

 
4,102,143

(2)

Aggregate value of shares (in thousands)

 

$

 -

 

$

 -

 

$
50,000

 

$
273,599

 

Average price per share

 

$

 -

 

$

 -

 

$
89.83

 

$
66.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock received in connection with share-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 
116,012

(1)

 

 -

 

 
117,294

 

 
70,079

(3)

Aggregate value of shares (in thousands)

 

$
6,292

(1)

$

 -

 

$
6,411

 

$
4,686

 

Average price per share

 

$
54.24

(1)

$

 -

 

$
54.66

 

$
66.87

 

(1)

On November 17, 2015, in connection with the settlement of the lawsuit previously discussed in Note 3 to the accompanying consolidated condensed financial statements, the Company issued 276,548 shares of common stock as payment of separation compensation due to our former CEO under his employment and separation agreements. Our former CEO tendered 116,012 shares back to the Company as payment for related federal tax obligations. Under the terms of the settlement, employment and separation agreements, the number of shares issued and tendered was computed based upon a value of $54.24 per share. This was the fair value of the shares on September 4, 2014, the date the compensation payment would have been made, if payment had not been delayed by the associated dispute. The Company previously accrued and disclosed the separation compensation in fiscal year 2014.

(2)

Includes a modified “Dutch auction” tender offer completed on March 14, 2014, resulting in the repurchase of 3,693,816 shares of our outstanding common stock at a total cost of $247.83 million, including tender offer transaction-related costs.

(3)

Includes 68,086 shares of common stock having a market value of $67.10 per share, or $4.57 million in the aggregate, which were tendered by our former CEO as payment for related federal tax obligations arising from the vesting and settlement of performance-based restricted stock units and restricted stock awards.