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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
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. Information regarding the computation of earnings per share is as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
54,555

 
$
57,864

 
$
92,859

 
$
96,456

Average Number of Common Shares:
 
 
 
 
 
 
 
Outstanding during period
79,654

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
177

 
114

 
194

 
156

Average Shares - Basic
79,831

 
79,768

 
79,848

 
79,810

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
 
 
Stock options and restricted stock
503

 
622

 
608

 
600

Average Shares - Diluted
80,334

 
80,390

 
80,456

 
80,410

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.68

 
$
0.73

 
$
1.16

 
$
1.21

Diluted
$
0.68

 
$
0.72

 
$
1.15

 
$
1.20


(1) 
Excludes the effect of out-of-the-money options for 793,010 shares of common stock at September 30, 2013.