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Earnings Per Share
 3 Months Ended
Mar. 31, 2014
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,
 
2014
 
2013
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
12,468

 
$
10,626

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

 
79,654

    Vested awards of restricted stock
182

 
211

Average Shares - Basic
79,836

 
79,865

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
Stock options and restricted stock
551

 
715

Average Shares - Diluted
80,387

 
80,580

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.16

 
$
0.13

Diluted
$
0.16

 
$
0.13


(1) 
Excludes the effect of out-of-the-money options for 486,016 shares of common stock at March 31, 2014.