XML 60 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Information regarding accumulated other comprehensive income (loss) for the six months ended June 30, 2014 and 2013 is as follows:
 
Accumulated Other Comprehensive Income (Loss)
 
Unrealized
 
 
 
Fair Value
 
 
 
Gain on
 
Pension
 
Adjustment
 
 
 
Available-for-
 
Liability
 
for Cash Flow
 
 
 
Sale Securities
 
Adjustment
 
Hedges
 
Total
 
(In thousands)
PNMR
 
 
 
 
 
 
 
Balance at December 31, 2013
$
25,748

 
$
(83,625
)
 
$
(263
)
 
$
(58,140
)
 Amounts reclassified from AOCI (pre-tax)
(8,857
)
 
2,576

 
176

 
(6,105
)
Income tax impact of amounts reclassified
3,488

 
(1,016
)
 
(61
)
 
2,411

 Other OCI changes (pre-tax)
9,855

 
—

 
(153
)
 
9,702

Income tax impact of other OCI changes
(3,809
)
 
—

 
53

 
(3,756
)
Net change after income taxes
677

 
1,560

 
15

 
2,252

Balance at June 30, 2014
$
26,425

 
$
(82,065
)
 
$
(248
)
 
$
(55,888
)
PNM
 
 
 
 
 
 
 
Balance at December 31, 2013
$
25,748

 
$
(83,625
)
 
$
—

 
$
(57,877
)
 Amounts reclassified from AOCI (pre-tax)
(8,857
)
 
2,576

 
—

 
(6,281
)
Income tax impact of amounts reclassified
3,488

 
(1,016
)
 
—

 
2,472

 Other OCI changes (pre-tax)
9,855

 
—

 
—

 
9,855

Income tax impact of other OCI changes
(3,809
)
 
—

 
—

 
(3,809
)
Net change after income taxes
677

 
1,560

 
—

 
2,237

Balance at June 30, 2014
$
26,425

 
$
(82,065
)
 
$
—

 
$
(55,640
)
TNMP
 
 
 
 
 
 
 
Balance at December 31, 2013
$
—

 
$
—

 
$
(263
)
 
$
(263
)
 Amounts reclassified from AOCI (pre-tax)
—

 
—

 
176

 
176

Income tax impact of amounts reclassified
—

 
—

 
(61
)
 
(61
)
 Other OCI changes (pre-tax)
—

 
—

 
(153
)
 
(153
)
Income tax impact of other OCI changes
—

 
—

 
53

 
53

Net change after income taxes
—

 
—

 
15

 
15

Balance at June 30, 2014
$
—

 
$
—

 
$
(248
)
 
$
(248
)


 
Accumulated Other Comprehensive Income (Loss)
 
Unrealized
 
 
 
Fair Value
 
 
 
Gain on
 
Pension
 
Adjustment
 
 
 
Available-for-
 
Liability
 
for Cash Flow
 
 
 
Sale Securities
 
Adjustment
 
Hedges
 
Total
 
(In thousands)
PNMR
 
 
 
 
 
 
 
Balance at December 31, 2012
$
16,406

 
$
(97,820
)
 
$
(216
)
 
$
(81,630
)
 Amounts reclassified from AOCI (pre-tax)
(6,854
)
 
3,182

 
99

 
(3,573
)
Income tax impact of amounts reclassified
2,714

 
(1,262
)
 
(35
)
 
1,417

 Other OCI changes (pre-tax)
8,591

 
—

 
3

 
8,594

Income tax impact of other OCI changes
(3,401
)
 
—

 
(1
)
 
(3,402
)
Net change after income taxes
1,050

 
1,920

 
66

 
3,036

Balance at June 30, 2013
$
17,456

 
$
(95,900
)
 
$
(150
)
 
$
(78,594
)
PNM
 
 
 
 
 
 
 
Balance at December 31, 2012
$
16,406

 
$
(97,820
)
 
$
—

 
$
(81,414
)
 Amounts reclassified from AOCI (pre-tax)
(6,854
)
 
3,182

 
—

 
(3,672
)
Income tax impact of amounts reclassified
2,714

 
(1,262
)
 
—

 
1,452

 Other OCI changes (pre-tax)
8,591

 
—

 
—

 
8,591

Income tax impact of other OCI changes
(3,401
)
 
—

 
—

 
(3,401
)
Net change after income taxes
1,050

 
1,920

 
—

 
2,970

Balance at June 30, 2013
$
17,456

 
$
(95,900
)
 
$
—

 
$
(78,444
)
TNMP
 
 
 
 
 
 
 
Balance at December 31, 2012
$
—

 
$
—

 
$
(216
)
 
$
(216
)
 Amounts reclassified from AOCI (pre-tax)
—

 
—

 
99

 
99

Income tax impact of amounts reclassified
—

 
—

 
(35
)
 
(35
)
 Other OCI changes (pre-tax)
—

 
—

 
3

 
3

Income tax impact of other OCI changes
—

 
—

 
(1
)
 
(1
)
Net change after income taxes
—

 
—

 
66

 
66

Balance at June 30, 2013
$
—

 
$
—

 
$
(150
)
 
$
(150
)



Pre-tax amounts reclassified from AOCI related to “Unrealized Gain on Available-for-Sale Securities” are included in “Gains on available-for-sale securities” in the Condensed Consolidated Statements of Earnings. Pre-tax amounts reclassified from AOCI related to “Pension Liability Adjustment” are reclassified to “Operating Expenses – Administrative and general” in the Condensed Consolidated Statements of Earnings. For the six months ended June 30, 2014 and 2013, approximately 23.0% and 16.4% of the amount reclassified was capitalized into construction work in process and approximately 2.1% and 2.5% was capitalized into other accounts. Pre-tax amounts reclassified from AOCI related to “Fair Value Adjustment for Cash Flow Hedges” are reclassified to “Interest Charges” in the Condensed Consolidated Statements of Earnings. An insignificant amount was capitalized as AFUDC. The income tax impacts of all amounts reclassified from AOCI are included in “Income Taxes” in the Condensed Consolidated Statements of Earnings.