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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
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
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands, except per share amounts)
Net Earnings Attributable to PNMR
$
29,141

 
$
27,678

 
$
41,609

 
$
38,304

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

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
110

 
194

 
146

 
202

Average Shares – Basic
79,764

 
79,848

 
79,800

 
79,856

Dilutive Effect of Common Stock Equivalents (1):
 
 
 
 
 
 
 
Stock options and restricted stock
464

 
607

 
508

 
661

Average Shares – Diluted
80,228

 
80,455

 
80,308

 
80,517

Net Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.37

 
$
0.35

 
$
0.52

 
$
0.48

Diluted
$
0.36

 
$
0.34

 
$
0.52

 
$
0.48


(1) 
Excludes the effect of out-of-the-money options for 297,350 shares of common stock at June 30, 2014.