Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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.