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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

In accordance with GAAP, dual presentation of basic and diluted earnings per share is presented in the Condensed Consolidated Statements of Earnings of PNMR. Information regarding the computation of earnings per share is as follows:
 
Three Months Ended
 
March 31,
 
2012
 
2011
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
17,080

 
$
16,637

Average Number of Common Shares:
 
 
 
Outstanding during period
79,654

 
86,673

Equivalents from convertible preferred stock (Note 7)
—

 
4,778

    Vested awards of restricted stock
200

 
182

Average Shares - Basic
79,854

 
91,633

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
Stock options and restricted stock
621

 
475

Average Shares - Diluted
80,475

 
92,108

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.21

 
$
0.18

Diluted
$
0.21

 
$
0.18


(1) 
Excludes the effect of out-of-the-money options for 1,360,568 shares of common stock at March 31, 2012.