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Repurchase of Helen of Troy Common Stock (Tables)
 9 Months Ended
Nov. 30, 2016
Repurchase of Helen of Troy Common Stock  
Summary of share repurchase activity

SHARE REPURCHASES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended November 30, 

 

Nine Months Ended November 30, 

 

    

2016

    

2015

 

2016

    

2015

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

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 
922,731

 

 

 -

 

 
922,731

 

 
556,591

Aggregate value of shares (in thousands)

 

$
75,000

 

$

 -

 

$
75,000

 

$
50,000

Average price per share

 

$
81.28

 

$

 -

 

$
81.28

 

$
89.83

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock received in connection with share-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 
961

 

 
116,012

(1)

 
6,235

 

 
117,294

Aggregate value of shares (in thousands)

 

$
83

 

$
6,292

(1)

$
590

 

$
6,411

Average price per share

 

$
85.97

 

$
54.24

(1)

$
94.60

 

$
54.66

 

 

(1)

On November 17, 2015, in connection with the settlement of a dispute with our former CEO, the Company issued 276,548 shares of common stock as payment of separation compensation due to our former CEO under his employment and separation agreements. Our former CEO tendered 116,012 shares back to the Company as payment for related federal tax obligations. Under the terms of the settlement, employment and separation agreements, the number of shares issued and tendered were computed based upon a value of $54.24 per share. This was the fair value of the shares on September 4, 2014, the date the compensation payment would have settled, if settlement had not been delayed by the associated dispute. The Company previously accrued and disclosed the separation compensation in fiscal year 2014.