Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Information regarding the computation of earnings per share is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	21,512	$	4,067	$	38,592	$	20,704
Average Number of Common Shares:
Outstanding during period	79,654		86,673		79,654		86,673
Equivalents from convertible preferred stock (Note 7)	—		4,778		—		4,778
Vested awards of restricted stock	154		139		177		149
Average Shares - Basic	79,808		91,590		79,831		91,600
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	558		546		590		502
Average Shares - Diluted	80,366		92,136		80,421		92,102
Net Earnings Per Share of Common Stock:
Basic	$	0.27	$	0.04	$	0.48	$	0.23
Diluted	$	0.27	$	0.04	$	0.48	$	0.22

⁽¹⁾  Excludes the effect of out-of-the-money options for 1,356,468 shares of common stock at June 30, 2012.