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Earnings and Dividends Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Information regarding the computation of earnings per share and dividends per share is as follows:
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(In thousands, except per share amounts)
Earnings Attributable to PNMR
$
116,254

 
$
100,507

 
$
105,547

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

 
79,654

 
79,654

Vested awards of restricted stock
134

 
191

 
145

Average Shares – Basic
79,788

 
79,845

 
79,799

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
Stock options and restricted stock
491

 
586

 
618

Average Shares – Diluted
80,279

 
80,431

 
80,417

Net Earnings Per Share of Common Stock:
 
 
 
 
 
Basic
$
1.46

 
$
1.26

 
$
1.32

Diluted
$
1.45

 
$
1.25

 
$
1.31

Dividends Declared per Common Share
$
0.755

 
$
0.680

 
0.580


(1) 
Excludes out-of-the-money options for 254,050 shares of common stock at December 31, 2014. See Note 13.