Stock Compensation (Tables)

3 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Options Outstanding and Related Activity

A summary of stock options outstanding as of December 31, 2013 and related activity during the three months then ended, under HGI, Fidelity & Guaranty Life Holdings, Inc. ("FGH"), and FGL’s respective incentive plans are as follows (share amounts in thousands):

	HGI						FGH				FGL
Stock Option Awards	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Options	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Stock options outstanding at September 30, 2013	3,954		$	6.52	$	2.55	335		$	44.23	—	$	—	$	—
Granted	1,326		11.76		5.06		—		—		191	17.00		3.30
Exercised	(121	)	4.85		1.72		(28	)	41.79		—	—		—
Forfeited or expired	—		—		—		(1	)	45.55		—	—		—
Stock options outstanding at December 31, 2013	5,159		7.91		3.21		306		44.44		191	17.00		3.30
Stock options vested and exercisable at December 31, 2013	1,723		6.93		2.72		129		42.56		—	—		—
Stock options outstanding and expected to vest	3,436		8.40		3.45		167		44.40		191	17.00		3.30

Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity

A summary of restricted stock, restricted stock units and Performance Restricted Stock Units ("PRSUs") outstanding as of December 31, 2013 and related activity during the three months then ended, under HGI, Spectrum Brands, FGH and FGL’s respective incentive plans are as follows (share amounts in thousands):

	HGI				FGL
Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Restricted stock outstanding at September 30, 2013	3,456		$	7.72	—	$	—
Granted	3,302		12.00		107	17.00
Vested	(1,126	)	10.15		—	—
Restricted stock outstanding at December 31, 2013	5,632		9.74		107	17.00
Restricted stock expected to vest	5,632		9.74		107	17.00

	Spectrum Brands				FGH
Restricted Stock Units	Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value
Restricted stock units outstanding at September 30, 2013	1,118		$	39.11	46		$	49.60
Granted	414		68.95		—		—
Vested	(904	)	38.93		(15	)	49.45
Restricted stock units outstanding at December 31, 2013	628		59.03		31		49.68
Restricted stock units vested and exercisable at December 31, 2013	—		—		—		—
Restricted stock units expected to vest	628		59.03		28		49.58

	FGL
Performance Restricted Stock Units	Units	Weighted Average Grant Date Fair Value
Performance restricted stock units outstanding at September 30, 2013	—	$	—
Granted	469	17.00
Performance restricted stock units outstanding at December 31, 2013	469	17.00
Performance restricted stock units vested and exercisable at December 31, 2013	—	—
Performance restricted stock units expected to vest	469	17.00

Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model

The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:

	2014	2013
Risk-free interest rate	1.46% to 1.75%	0.84%
Assumed dividend yield	—%	—%
Expected option term	5.3 to 6.0 years	5.3 to 6.0 years
Volatility	41.2%	42.8% to 44.0%