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Earnings Per Share
 6 Months Ended
Jun. 30, 2019
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,
 
2019
 
2018
 
2019
 
2018
 
(In thousands, except per share amounts)
Net Earnings (Loss) Attributable to PNMR
$
(75,914
)
 
$
38,208

 
$
(57,214
)
 
$
53,198

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

 
79,654

 
79,654

 
79,654

    Vested awards of restricted stock
263

 
211

 
251

 
208

Average Shares – Basic
79,917

 
79,865

 
79,905

 
79,862

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

 
114

 
—

 
134

Average Shares – Diluted
79,917

 
79,979

 
79,905

 
79,996

Net Earnings (Loss) Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
(0.95
)
 
$
0.48

 
$
(0.72
)
 
$
0.67

Diluted(1)
$
(0.95
)
 
$
0.48

 
$
(0.72
)
 
$
0.67



(1) Due to the loss in the three and six months ended June 30, 2019, no potentially dilutive shares are reflected in the average number of shares used to compute net earnings (loss) per share of common stock since any impact would be anti-dilutive. At June 30, 2019, PNMR’s potentially dilutive shares consist of stock options and restricted stock (see Note 8).