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Repurchases of Helen of Troy Common Stock | 3 Months Ended
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May 31, 2017
Repurchase of Helen of Troy Common Stock |
Repurchase of Helen of Troy Common Stock | Note 14 – Repurchase of Helen of Troy Common Stock On May 10, 2017, our Board of Directors authorized the repurchase of up to $400 million of our outstanding common stock. The new authorization is effective for a period of three years and replaced our existing repurchase authorization, of which approximately $82 million remained. These repurchases may include open market purchases, privately negotiated transactions, block trades, accelerated stock repurchase transactions, or any combination of such methods. The number of shares purchased and the timing of the purchases will depend on a number of factors, including share price, trading volume and general market conditions, working capital requirements, general business conditions, financial conditions, any applicable contractual limitations, and other factors, including alternative investment opportunities. As of May 31, 2017, our repurchase authorization allowed for the purchase of $394.3 million of common stock. Our current equity-based compensation plans include provisions that allow for the “net exercise” of share settled awards 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 as a purchase and retirement of shares. The following table summarizes our share repurchase activity for the periods shown:
SHARE REPURCHASES |  |  |  |  |  |
|  | Three Months Ended May 31,
(in thousands, except per share data) |  | 2017 |  | 2016
Common stock received in connection with share-based compensation: |  |  |  |  |  |
Number of shares |  |  | 70,707 |  |  | 4,606
Aggregate value of shares (in thousands) |  | $ | 6,788 |  | $ | 442
Average price per share |  | $ | 95.99 |  | $ | 96.03

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
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