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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2012
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
 
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.