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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
A summary of the Company’s restricted stock and restricted stock unit award activity for Fiscal 2014, Fiscal
2013 and Fiscal 2012, and the non-vested awards outstanding as of September 30, 2014 is as follows:
Restricted Stock Awards Shares
Weighted
Average
Grant Date
Fair Value
Fair Value at
Grant Date
Restricted stock awards at September 30, 2011 ............... 123 24.20 $ 2,977
Vested ............................................... (110) 23.75 (2,613)
Restricted stock awards at September 30, 2012 ............... 13 $28.00 $ 364
Vested ............................................... (13) 28.00 (364)
Restricted stock awards at September 30, 2013 ............... — $ — $ —
Vested ............................................... — — —
Restricted stock awards at September 30, 2014 ............... — $ — $ —
Restricted Stock Units Shares
Weighted
Average
Grant Date
Fair Value
Fair Value at
Grant Date
Non-vested restricted stock units at September 30, 2011 ....... 1,645 $28.97 $ 47,656
Granted ............................................. 863 28.28 24,408
Forfeited ............................................ (57) 28.49 (1,624)
Vested .............................................. (520) 29.83 (15,509)
Non-vested restricted stock units at September 30, 2012 ....... 1,931 $28.45 $ 54,931
Granted ............................................. 700 45.97 32,176
Forfeited ............................................ (302) 30.36 (9,168)
Vested .............................................. (1,211) 28.25 (34,216)
Non-vested restricted stock units at September 30, 2013 ....... 1,118 $39.11 $ 43,723
Granted ............................................. 669 75.50 50,507
Forfeited ............................................ (6) 69.33 (416)
Vested .............................................. (954) 39.69 (37,860)
Non-vested restricted stock units at September 30, 2014 ....... 827 $67.66 $ 55,954
(u) Restructuring and Related Charges
Restructuring charges are recognized and measured in accordance with the provisions of ASC Topic 420: “Exit
or Disposal Cost Obligations,” (“ASC 420”) and ASC Topic 712: “Compensation—Nonretirement Post-
Employment Benefits,” (ASC 712”). Under ASC 420 and ASC 712, restructuring charges include, but are not
limited to, termination and related costs consisting primarily of one-time termination benefits such as severance
costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs.
Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with
exit and integration activities, including impairment of property and other assets, departmental costs of full-time
incremental integration employees, and any other items related to the exit or integration activities. Costs for such
activities are estimated by management after evaluating detailed analyses of the costs to be incurred. The
Company presents restructuring and related charges on a combined basis.
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