Earnings and Dividends Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Computation of Earnings per Share and Dividends per Share, Basic and Diluted

Information regarding the computation of earnings per share and dividends per share is as follows:

	Year Ended December 31,
	2015		2014		2013
	(In thousands, except per share amounts)
Earnings Attributable to PNMR	$	15,640	$	116,254	$	100,507
Average Number of Common Shares:
Outstanding during year	79,654		79,654		79,654
Vested awards of restricted stock	105		134		191
Average Shares – Basic	79,759		79,788		79,845
Dilutive Effect of Common Stock Equivalents (1):
Stock options and restricted stock	380		491		586
Average Shares – Diluted	80,139		80,279		80,431
Net Earnings Per Share of Common Stock:
Basic	$	0.20	$	1.46	$	1.26
Diluted	$	0.20	$	1.45	$	1.25
Dividends Declared per Common Share	$	0.820	$	0.755	$	0.680

⁽¹⁾  Excludes out-of-the-money options for 2,100 shares of common stock at December 31, 2015. See Note 13.