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Earnings Per Share
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2012
 
2011
 
2012
 
2011
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
21,512

 
$
4,067

 
$
38,592

 
$
20,704

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

 
86,673

 
79,654

 
86,673

Equivalents from convertible preferred stock (Note 7)
—

 
4,778

 
—

 
4,778

    Vested awards of restricted stock
154

 
139

 
177

 
149

Average Shares - Basic
79,808

 
91,590

 
79,831

 
91,600

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
 
 
Stock options and restricted stock
558

 
546

 
590

 
502

Average Shares - Diluted
80,366

 
92,136

 
80,421

 
92,102

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.27

 
$
0.04

 
$
0.48

 
$
0.23

Diluted
$
0.27

 
$
0.04

 
$
0.48

 
$
0.22


(1) 
Excludes the effect of out-of-the-money options for 1,356,468 shares of common stock at June 30, 2012.