XML 35 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 2018
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,
 
2018
 
2017
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
14,990

 
$
22,862

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

 
79,654

    Vested awards of restricted stock
205

 
112

Average Shares – Basic
79,859

 
79,766

Dilutive Effect of Common Stock Equivalents:
 
 
 
Stock options and restricted stock
154

 
346

Average Shares – Diluted
80,013

 
80,112

Net Earnings Per Share of Common Stock:
 
 
 
Basic
$
0.19

 
$
0.29

Diluted
$
0.19

 
$
0.29