XML 71 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1

Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of share-based compensation expense and related income tax benefit

Share-based compensation expense and the related income tax benefit were as follows:

(in millions)	2018				2017				2016
HEI consolidated
Share-based compensation expense1	$	7.8			$	5.4			$	4.8
Income tax benefit	1.1				1.9				1.6
Hawaiian Electric consolidated
Share-based compensation expense1	2.7				1.9				1.4
Income tax benefit	0.5				0.7				0.5

¹  For 2018, 2017 and 2016, the Company has not capitalized any share-based compensation.

Schedule of common stock granted to nonemployee directors

HEI granted HEI common stock to nonemployee directors of HEI, Hawaiian Electric and ASB under the 2011 Director Plan as follows:

(dollars in millions)	2018				2017				2016
Shares granted	38,821				35,770				19,846
Fair value	$	1.3			$	1.2			$	0.6
Income tax benefit	0.3				0.5				0.2

Schedule of restricted stock units

Information about HEI’s grants of restricted stock units was as follows:

	2018								2017								2016
	Shares				(1)				Shares				(1)				Shares				(1)
Outstanding, January 1	197,047				$	31.53			220,683				$	29.57			210,634				$	28.82
Granted	93,853				34.12				97,873				33.47				114,431				29.70
Vested	(75,683		)		30.56				(92,147		)		28.88				(85,003		)		27.84
Forfeited	(14,859		)		32.35				(29,362		)		31.57				(19,379		)		29.82
Outstanding, December 31	200,358				$	33.05			197,047				$	31.53			220,683				$	29.57
Total weighted-average grant-date fair value of shares granted (in millions)	$	3.2							$	3.3							$	3.4

(1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.

Schedule of long-term incentive plan (LTIP) linked to total return to shareholders

Information about HEI’s LTIP grants linked to TSR was as follows:

	2018								2017								2016
	Shares				(1)				Shares				(1)				Shares				(1)
Outstanding, January 1	32,904				$	39.51			83,106				$	22.95			162,500				$	27.66
Granted	37,832				38.21				37,204				39.51				—				—
Vested (issued or unissued and cancelled)	—				—				(83,106		)		22.95				(78,553		)		32.69
Forfeited	(5,158		)		38.84				(4,300		)		39.51				(841		)		22.95
Outstanding, December 31	65,578				$	38.81			32,904				$	39.51			83,106				$	22.95
Total weighted-average grant-date fair value of shares granted (in millions)	$	1.4							$	1.5							$	—

(1) Weighted-average grant-date fair value per share determined using a Monte Carlo simulation model.

Schedule of assumptions used to determine the fair value of Long-Term Incentive Plan (LTIP) linked to total return to shareholders (TRS)

The following table summarizes the assumptions used to determine the fair value of the LTIP awards linked to TSR and the resulting fair value of LTIP awards granted:

		2018				2017
Risk-free interest rate		2.29		%		1.46		%
Expected life in years		3				3
Expected volatility		17.0		%		20.1		%
Range of expected volatility for Peer Group		15.1% to 26.2%				15.4% to 26.0%
Grant date fair value (per share)		$	38.20			$	39.51

Schedule of long-term incentive plan (LTIP) linked to other performance conditions

Information about HEI’s LTIP awards payable in shares linked to other performance conditions was as follows:

	2018								2017								2016
	Shares				(1)				Shares				(1)				Shares				(1)
Outstanding, January 1	131,616				$	33.47			109,816				$	25.18			222,647				$	26.02
Granted	151,328				34.12				148,818				33.47				—				—
Vested	—				—				(109,816		)		25.18				(109,097		)		26.89
Increase above target (cancelled)	13,858				33.49				—				—				(1,989		)		25.26
Forfeited	(20,633		)		33.80				(17,202		)		33.48				(1,745		)		25.19
Outstanding, December 31	276,169				$	33.80			131,616				$	33.47			109,816				$	25.18
Total weighted-average grant-date fair value of shares granted (at target performance levels) (in millions)	$	5.2							$	5.0							$	—

(1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value of shares that were outstanding at the beginning and end of the year, and the number of Long-Term Incentive Plan awards that were granted, vested, or forfeited during the year that were linked to other performance conditions.

+ References

No definition available.

+ Details

Name:	he_ScheduleOfShareBasedCompensationLongTermIncentivePlanLinkedToOtherPerformanceConditionsActivityTableTextBlock
Namespace Prefix:	he_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for long-term incentive plan awards that were outstanding at the beginning and end of the year, and the number that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	he_ScheduleOfShareBasedCompensationLongTermIncentivePlanLinkedToTotalReturnToShareholdersTableTextBlock
Namespace Prefix:	he_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of Long-Term Incentive Plan linked to total return to shareholders, including, but not limited to: (a) expected term of awards, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

No definition available.

+ Details

Name:	he_ScheduleOfShareBasedPaymentAwardLongTermIncentivePlanLinkedToTotalReturnToShareholdersValuationAssumptionsTableTextBlock
Namespace Prefix:	he_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationNonemployeeDirectorStockAwardPlanActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration