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Earnings and Dividends Per Share

12 Months Ended

Dec. 31, 2019

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,
	2019				2018				2017
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	77,362			$	85,642			$	79,874
Average Number of Common Shares:
Outstanding during year	79,654				79,654				79,654
Vested awards of restricted stock	277				236				237
Average Shares – Basic	79,931				79,890				79,891
Dilutive Effect of Common Stock Equivalents:
Stock options and restricted stock	59				122				250
Average Shares – Diluted	79,990				80,012				80,141
Net Earnings Attributable to PNMR Per Share of Common Stock:
Basic	$	0.97			$	1.07			$	1.00
Diluted	$	0.97			$	1.07			$	1.00
Dividends Declared per Common Share	$	1.1775			$	1.0850			$	0.9925

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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