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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
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.