XML 72 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Information regarding the computation of earnings (loss) per share is as follows:
 
 
Year Ended December 31,
 
2011
 
2010
 
2009
 
(In thousands, except per share amounts)
Earnings (Loss) Attributable to PNMR:
 
 
 
 
 
Earnings (loss) from continuing operations
$
190,934

 
$
(31,124
)
 
$
65,933

Earnings from continuing operations attributable to Valencia Non-controlling Interest
(14,047
)
 
(13,563
)
 
(11,890
)
Preferred stock dividend requirements of subsidiary
(528
)
 
(528
)
 
(528
)
Earnings (loss) from continuing operations attributable to PNMR
176,359

 
(45,215
)
 
53,515

Earnings from discontinued operations
—

 
—

 
70,801

Net Earnings (Loss) Attributable to PNMR
$
176,359

 
$
(45,215
)
 
$
124,316

Average Number of Common Shares:
 
 
 
 
 
Outstanding during year
85,558

 
86,673

 
86,634

Equivalents from convertible preferred stock (Note 5)
3,469

 
4,778

 
4,778

Vested awards of restricted stock
174

 
106

 
23

Average Shares - Basic
89,201

 
91,557

 
91,435

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
Stock options and restricted stock
556

 
—

 
236

Average Shares – Diluted
89,757

 
91,557

 
91,671

Per Share of Common Stock – Basic:
 
 
 
 
 
Earnings (loss) from continuing operations
$
1.98

 
$
(0.49
)
 
$
0.58

Earnings from discontinued operations
—

 
—

 
0.78

Net Earnings (Loss)
$
1.98

 
$
(0.49
)
 
$
1.36

Per Share of Common Stock – Diluted:
 
 
 
 
 
Earnings (loss) from continuing operations
$
1.96

 
$
(0.49
)
 
$
0.58

Earnings from discontinued operations
—

 
—

 
0.78

Net Earnings (Loss)
$
1.96

 
$
(0.49
)
 
$
1.36


(1) 
Excludes out-of-the-money options for 1,591,648 shares of common stock at December 31, 2011. Due to losses in the year ended December 31, 2010, no potentially dilutive securities are reflected in the average number of common shares used to compute earnings (loss) per share since any impact would be anti-dilutive. See Note 13.