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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
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,
 
2017
 
2016
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
22,862

 
$
10,546

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

 
79,654

    Vested awards of restricted stock
112

 
104

Average Shares – Basic
79,766

 
79,758

Dilutive Effect of Common Stock Equivalents:
 
 
 
Stock options and restricted stock
346

 
406

Average Shares – Diluted
80,112

 
80,164

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.29

 
$
0.13

Diluted
$
0.29

 
$
0.13