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Earnings Per Share
3 Months Ended
Mar. 31, 2013
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,
 
2013
 
2012
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
10,626

 
$
17,080

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

 
79,654

    Vested awards of restricted stock
211

 
200

Average Shares - Basic
79,865

 
79,854

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
Stock options and restricted stock
715

 
621

Average Shares - Diluted
80,580

 
80,475

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.13

 
$
0.21

Diluted
$
0.13

 
$
0.21


(1) 
Excludes the effect of out-of-the-money options for 827,977 shares of common stock at March 31, 2013.