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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Information regarding the computation of earnings per share is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
4,067


 
$
22,878


 
$
20,704


 
$
14,429


Average Number of Common Shares:
 
 
 
 
 
 
 
Outstanding during period
86,673


 
86,673


 
86,673


 
86,673


Equivalents from convertible preferred stock (Note 7)
4,778


 
4,778


 
4,778


 
4,778


    Vested awards of restricted stock
139


 
109


 
149


 
102


Average Shares - Basic
91,590


 
91,560


 
91,600


 
91,553


Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
 
 
Stock options and restricted stock
546


 
273


 
502


 
141


Average Shares - Diluted
92,136


 
91,833


 
92,102


 
91,694


Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.04


 
$
0.25


 
$
0.23


 
$
0.16


Diluted
$
0.04


 
$
0.25


 
$
0.22


 
$
0.16




(1)
Excludes the effect of out-of-the-money options for 1,978,010 shares of common stock at June 30, 2011.