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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

The following table includes financial information for stock options for each of the years presented:



	2018	2017	2016
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$4.3	$4.4	$4.4
Tax benefit recognized in Entergy’s consolidated net income	$1.1	$1.7	$1.7
Compensation cost capitalized as part of fixed assets and inventory	$0.7	$0.7	$0.7

The stock option weighted-average assumptions used in determining the fair values are as follows:

A summary of stock option activity for the year ended December 31, 2018 and changes during the year are presented below:



	Number of Options		Weighted- Average Exercise Price	Aggregate Intrinsic Value	Weighted- Average Contractual Life
Options outstanding as of January 1, 2018	5,164,854		$83.26
Options granted	687,400		$78.08
Options exercised	(1,419,087	)	$72.76
Options forfeited/expired	(1,439,834	)	$108.00
Options outstanding as of December 31, 2018	2,993,333		$75.14	$32,708,805	6.48 years
Options exercisable as of December 31, 2018	1,709,905		$75.64	$17,826,376	4.99 years
Weighted-average grant-date fair value of options granted during 2018	$6.99

The following table summarizes information about stock options outstanding as of December 31, 2018:



				Options Outstanding			Options Exercisable
Range of				As of	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	Number Exercisable as of	Weighted Average Exercise Price
Exercise Prices				12/31/2018	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	12/31/2018	Weighted Average Exercise Price
	$51	-	$64.99	322,500	4.71	$63.70	322,500	$63.70
	$65	-	$78.99	2,229,833	6.81	$73.88	946,405	$73.07
	$79	-	$91.99	441,000	6.08	$89.90	441,000	$89.90
	$51	-	$91.99	2,993,333	6.48	$75.14	1,709,905	$75.64

The following table includes financial information for restricted stock for each of the years presented:



	2018	2017	2016
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$19.8	$19.7	$19.8
Tax benefit recognized in Entergy’s consolidated net income	$5.1	$7.6	$7.6
Compensation cost capitalized as part of fixed assets and inventory	$5.7	$5.2	$4.5

The following table includes information about the restricted stock awards outstanding as of December 31, 2018:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2018	709,611		$72.92
Granted	364,306		$77.75
Vested	(332,614	)	$75.54
Forfeited	(47,777	)	$73.37
Outstanding shares at December 31, 2018	693,526		$74.17

The following table includes financial information for the long-term performance units for each of the years presented:



	2018	2017		2016
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$11.5		$10.8		$12.3
Tax benefit recognized in Entergy’s consolidated net income	$2.9		$4.2		$4.8
Compensation cost capitalized as part of fixed assets and inventory	$3.3		$3.0		$2.9

The following table includes information about the long-term performance units outstanding at the target level as of December 31, 2018:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2018	534,151		$83.60
Granted	199,859		$82.03
Vested	(50,812	)	$99.02
Forfeited	(116,572	)	$95.51
Outstanding shares at December 31, 2018	566,626		$79.21

The following table includes financial information for restricted stock unit awards for each of the years presented:



	2018	2017	2016
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$2.9	$2.5	$2.2
Tax benefit recognized in Entergy’s consolidated net income	$0.7	$1.0	$0.8
Compensation cost capitalized as part of fixed assets and inventory	$0.7	$0.6	$0.4

The following table includes information about the restricted stock unit awards outstanding as of December 31, 2018:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2018	201,570		$75.48
Granted	22,850		$79.11
Vested	(37,657	)	$72.97
Outstanding shares at December 31, 2018	186,763		$76.43