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Earnings Per Share | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per ShareIn 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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands, except per share amounts)
Net Earnings Attributable to PNMR | $ | 121,768 |  |  | $ | 102,771 |  |  | $ | 163,997 |  |  | $ | 45,557 |
Average Number of Common Shares: |  |  |  |  |  |  |
Outstanding during period | 79,654 |  |  | 79,654 |  |  | 79,654 |  |  | 79,654 |
Vested awards of restricted stock | 213 |  |  | 294 |  |  | 205 |  |  | 265 |
Average Shares – Basic | 79,867 |  |  | 79,948 |  |  | 79,859 |  |  | 79,919 |
Dilutive Effect of Common Stock Equivalents: |  |  |  |  |  |  |
PNMR 2020 Forward Equity Sale Agreements | — |  |  | — |  |  | 57 |  |  | — |
Restricted stock | 39 |  |  | 53 |  |  | 38 |  |  | 61 |
Average Shares – Diluted | 79,906 |  |  | 80,001 |  |  | 79,954 |  |  | 79,980 |
Net Earnings Per Share of Common Stock: |  |  |  |  |  |  |
Basic | $ | 1.52 |  |  | $ | 1.29 |  |  | $ | 2.05 |  |  | $ | 0.57 |
Diluted | $ | 1.52 |  |  | $ | 1.28 |  |  | $ | 2.05 |  |  | $ | 0.57 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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