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Earnings Per Share
9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
73,739

 
$
54,418

 
$
134,156

 
$
92,040

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

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
284

 
96

 
215

 
99

Average Shares – Basic
79,938

 
79,750

 
79,869

 
79,753

Dilutive Effect of Common Stock Equivalents:
 
 
 
 
 
 
 
Stock options and restricted stock
216

 
367

 
263

 
377

Average Shares – Diluted
80,154

 
80,117

 
80,132

 
80,130

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.92

 
$
0.68

 
$
1.68

 
$
1.15

Diluted
$
0.92

 
$
0.68

 
$
1.67

 
$
1.15