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Earnings Per Share
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
27,076

 
$
31,673

 
$
37,622

 
$
46,013

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

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
97

 
99

 
101

 
105

Average Shares – Basic
79,751

 
79,753

 
79,755

 
79,759

Dilutive Effect of Common Stock Equivalents:
 
 
 
 
 
 
 
Stock options and restricted stock
357

 
380

 
381

 
384

Average Shares – Diluted
80,108

 
80,133

 
80,136

 
80,143

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.34

 
$
0.40

 
$
0.47

 
$
0.58

Diluted
$
0.34

 
$
0.40

 
$
0.47

 
$
0.57