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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
(PPL)
 
Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by incremental shares that would be outstanding if potentially dilutive non-participating securities were converted to common shares as calculated using the Treasury Stock Method. Incremental non-participating securities that have a dilutive impact are detailed in the table below.
 
Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended June 30 used in the EPS calculation are:
 
 
Three Months
 
Six Months
 
2016
 
2015
 
2016
 
2015
Income (Numerator)
 

 
 

 
 

 
 

Income from continuing operations after income taxes
$
483

 
$
250

 
$
964

 
$
802

Less amounts allocated to participating securities
1

 
1

 
3

 
2

Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted
$
482

 
$
249

 
$
961

 
$
800

 
 
 
 
 
 
 
 
Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted
$
—

 
$
(1,007
)
 
$
—

 
$
(912
)
 
 
 
 
 
 
 
 
Net income (loss)
$
483

 
$
(757
)
 
$
964

 
$
(110
)
Less amounts allocated to participating securities
1

 
1

 
3

 
2

Net income (loss) available to PPL common shareowners - Basic and Diluted
$
482

 
$
(758
)
 
$
961

 
$
(112
)
 
 
 
 
 
 
 
 
Shares of Common Stock (Denominator)
 

 
 

 
 

 
 

Weighted-average shares - Basic EPS
677,145

 
668,415

 
676,293

 
667,698

Add incremental non-participating securities:
 

 
 

 
 

 
 

Share-based payment awards
3,584

 
2,871

 
3,480

 
2,315

Weighted-average shares - Diluted EPS
680,729

 
671,286

 
679,773

 
670,013

 
 
 
 
 
 
 
 
Basic EPS
 

 
 

 
 

 
 

Available to PPL common shareowners:
 

 
 

 
 

 
 

Income from continuing operations after income taxes
$
0.71

 
$
0.37

 
$
1.42

 
$
1.20

Income (loss) from discontinued operations (net of income taxes)
—

 
(1.50
)
 
—

 
(1.37
)
Net Income (loss)
$
0.71

 
$
(1.13
)
 
$
1.42

 
$
(0.17
)
 
 
 
 
 
 
 
 
Diluted EPS
 

 
 

 
 

 
 

Available to PPL common shareowners:
 

 
 

 
 

 
 

Income from continuing operations after income taxes
$
0.71

 
$
0.37

 
$
1.41

 
$
1.19

Income (loss) from discontinued operations (net of income taxes)
—

 
(1.50
)
 
—

 
(1.36
)
Net Income (loss)
$
0.71

 
$
(1.13
)
 
$
1.41

 
$
(0.17
)
 
For the periods ended June 30, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands):
 
 
Three Months
 
Six Months
 
2016
 
2015
 
2016
 
2015
Stock-based compensation plans (a)
795

 
992

 
2,920

 
2,437

DRIP
370

 
424

 
772

 
843

 
(a)
Includes stock options exercised, vesting of performance units, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

For the periods ended June 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.
 
 
Three Months
 
Six Months
 
2016
 
2015
 
2016
 
2015
Stock options
696

 
348

 
696

 
1,085

Performance units
78

 
—

 
39

 
73