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Repurchase of Helen of Troy Common Stock (Tables)
 12 Months Ended
Feb. 28, 2017
Repurchase of Helen of Troy Common Stock  
Summary of share repurchase activity

 

 

 

 

 

 

 

 

 

 

Year Ended the Last Day of February

(in thousands, except per share data)

2017

    

2016

    

2015

Common stock repurchased on the open market or through tender offer (1):

 

 

 

 

 

 

 

 

Number of shares

 

922,731

 

 

1,126,796

 

 

4,102,143

Aggregate value of shares (in thousands)

$

75,000

 

$

100,000

 

$

273,599

Average price per share

$

81.28

 

$

88.75

 

$

66.70

 

 

 

 

 

 

 

 

 

Common stock received in connection with share-based compensation (2):

 

 

 

 

 

 

 

 

Number of shares

 

6,286

 

 

117,294

 

 

71,950

Aggregate value of shares (in thousands)

$

595

 

$

6,411

 

$

4,826

Average price per share

$

94.61

 

$

54.66

 

$

67.08

 

 

(1)

Includes various open market purchases made in each of the three fiscal years including a modified “Dutch auction” tender offer completed during fiscal 2015, resulting in the repurchase of 3,693,816 shares of our outstanding common stock at a total cost of $247.8 million, including tender offer transaction-related costs.

(2)

In fiscal 2016, we issued 276,548 shares of common stock as payment of separation compensation due to our former CEO under his employment and separation agreements. In connection with this transaction, the former CEO tendered 116,012 shares back to the Company as payment for related federal tax obligations. The Company previously accrued and disclosed the separation compensation in fiscal 2014. Fiscal 2015 includes 68,086 shares of common stock having a market value of $67.10 per share, or $4.6 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.