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Earnings Per Share | 6 Months Ended
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Jun. 30, 2020
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. PNMR’s potentially dilutive shares consist of restricted stock and PNMR common stock issuable under the PNMR 2020 Forward Equity Sale Agreements, which are calculated under the treasury stock method. See Note 9. Information regarding the computation of earnings per share is as follows:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 30, |  |  |  | June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands, except per share amounts) |  |  |  |  |  |
Net Earnings (Loss) Attributable to PNMR | $ | 57,489 |  |  | $ | (75,914) |  |  | $ | 42,229 |  |  | $ | (57,214) |
Average Number of Common Shares: |  |  |  |  |  |  |
Outstanding during period | 79,654 |  |  | 79,654 |  |  | 79,654 |  |  | 79,654 |
Vested awards of restricted stock | 186 |  |  | 263 |  |  | 202 |  |  | 251 |
Average Shares – Basic | 79,840 |  |  | 79,917 |  |  | 79,856 |  |  | 79,905 |
Dilutive Effect of Common Stock Equivalents: |  |  |  |  |  |  |
PNMR 2020 Forward Equity Sale Agreements | — |  |  | — |  |  | 86 |  |  | — |
Restricted stock | 36 |  |  | — |  |  | 37 |  |  | — |
Average Shares – Diluted(1) | 79,876 |  |  | 79,917 |  |  | 79,979 |  |  | 79,905 |
Net Earnings (Loss) Per Share of Common Stock: |  |  |  |  |  |  |
Basic | $ | 0.72 |  |  | $ | (0.95) |  |  | $ | 0.53 |  |  | $ | (0.72) |
Diluted | $ | 0.72 |  |  | $ | (0.95) |  |  | $ | 0.53 |  |  | $ | (0.72) |
(1) No potentially dilutive restricted stock have been included in the computation of Average Shares – Diluted for the three and six months ended June 30, 2019 since the effect would be anti-dilutive.

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