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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
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,
 
2016
 
2015
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
10,546

 
$
14,340

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

 
79,654

    Vested awards of restricted stock
104

 
112

Average Shares – Basic
79,758

 
79,766

Dilutive Effect of Common Stock Equivalents:
 
 
 
Stock options and restricted stock
406

 
387

Average Shares – Diluted
80,164

 
80,153

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.13

 
$
0.18

Diluted
$
0.13

 
$
0.18