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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
14,340

 
$
12,468

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

 
79,654

    Vested awards of restricted stock
112

 
182

Average Shares – Basic
79,766

 
79,836

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
Stock options and restricted stock
387

 
551

Average Shares – Diluted
80,153

 
80,387

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.18

 
$
0.16

Diluted
$
0.18

 
$
0.16


(1) 
Excludes the effect of out-of-the-money options for 248,750 shares of common stock at March 31, 2015.