Earnings Per Share (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Net Earnings Attributable to PNMR	$	55,653	$	54,555	$	97,262	$	92,859
Average Number of Common Shares:
Outstanding during period	79,654		79,654		79,654		79,654
Vested awards of restricted stock	112		177		134		194
Average Shares – Basic	79,766		79,831		79,788		79,848
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	457		503		491		608
Average Shares – Diluted	80,223		80,334		80,279		80,456
Net Earnings Per Share of Common Stock:
Basic	$	0.70	$	0.68	$	1.22	$	1.16
Diluted	$	0.69	$	0.68	$	1.21	$	1.15

⁽¹⁾  Excludes the effect of out-of-the-money options for 435,472 shares of common stock at September 30, 2014.