Stock Compensation (Tables)

6 Months Ended

Mar. 31, 2014

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 March 31, 2014 and related activity during the six 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		4.91		—		—		249		17.00		3.76
Exercised	(497	)	4.96		1.77		(28	)	41.79		—		—		—
Forfeited or expired	(25	)	7.67		2.98		(3	)	46.43		(2	)	17.00		5.26
Stock options outstanding at March 31, 2014	4,758		8.14		3.28		304		44.43		247		17.00		3.74
Stock options vested and exercisable at March 31, 2014	1,379		7.39		2.93		129		42.56		—		—		—
Stock options outstanding and expected to vest	3,379		8.45		3.43		168		44.37		242		17.00		3.71

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 March 31, 2014 and related activity during the six 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		171		18.11
Vested	(1,126	)	10.15		—		—
Forfeited	(26	)	9.26		(3	)	19.98
Restricted stock outstanding at March 31, 2014	5,606		9.75		168		18.08
Restricted stock expected to vest	5,606		9.75		164		18.03

	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	436		69.00		—		—
Vested	(949	)	39.62		(15	)	49.45
Forfeited	—		—		(1	)	49.45
Restricted stock units outstanding at March 31, 2014	605		59.84		30		49.59
Restricted stock units expected to vest	605		59.84		27		49.59

	FGL
Performance Restricted Stock Units	Units	Weighted Average Grant Date Fair Value
Performance restricted stock units outstanding at September 30, 2013	—	$	—
Granted	541	17.37
Performance restricted stock units outstanding at March 31, 2014	541	17.37
Performance restricted stock units expected to vest	541	17.37

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%	0.85%
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%