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Earnings Per Share (Tables)
9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
43,662

 
$
48,552

 
$
64,366

 
$
62,981

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

 
86,673

 
86,673

 
86,673

Equivalents from convertible preferred stock (Note 7)
4,363

 
4,778

 
4,638

 
4,778

    Vested awards of restricted stock
164

 
111

 
154

 
105

Average Shares - Basic
91,200

 
91,562

 
91,465

 
91,556

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
 
 
Stock options and restricted stock
542

 
219

 
516

 
258

Average Shares - Diluted
91,742

 
91,781

 
91,981

 
91,814

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.48

 
$
0.53

 
$
0.70

 
$
0.69

Diluted
$
0.48

 
$
0.53

 
$
0.70

 
$
0.69


(1)
Excludes the effect of out-of-the-money options for 1,923,608 shares of common stock at September 30, 2011.