XML 49 R18.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings and Dividends Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings and Dividends Per Share
Earnings and Dividends Per Share
In accordance with GAAP, dual presentation of basic and diluted earnings per share has been presented in the Consolidated Statements of Earnings of PNMR. Information regarding the computation of earnings per share and dividends per share is as follows:
 
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands, except per share amounts)
Earnings Attributable to PNMR
$
116,849

 
$
15,640

 
$
116,254

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

 
79,654

 
79,654

Vested awards of restricted stock
104

 
105

 
134

Average Shares – Basic
79,758

 
79,759

 
79,788

Dilutive Effect of Common Stock Equivalents:
 
 
 
 
 
Stock options and restricted stock
374

 
380

 
491

Average Shares – Diluted
80,132

 
80,139

 
80,279

Net Earnings Per Share of Common Stock:
 
 
 
 
 
Basic
$
1.47

 
$
0.20

 
$
1.46

Diluted
$
1.46

 
$
0.20

 
$
1.45

Dividends Declared per Common Share
$
0.9025

 
$
0.8200

 
$
0.7550