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Earnings Per Share
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
37,555

 
$
27,076

 
$
60,417

 
$
37,622

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

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
251

 
97

 
181

 
101

Average Shares – Basic
79,905

 
79,751

 
79,835

 
79,755

Dilutive Effect of Common Stock Equivalents:
 
 
 
 
 
 
 
Stock options and restricted stock
226

 
357

 
286

 
381

Average Shares – Diluted
80,131

 
80,108

 
80,121

 
80,136

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.47

 
$
0.34

 
$
0.76

 
$
0.47

Diluted
$
0.47

 
$
0.34

 
$
0.75

 
$
0.47