Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss)

Information regarding accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019 is as follows:


	Accumulated Other Comprehensive Income (Loss)
	PNM										PNMR
	Unrealized						Fair Value
	Gains on						Adjustment
	Available-for-		Pension				for Cash
	Sale Debt		Liability				Flow
	Securities		Adjustment		Total		Hedges		Total
	(In thousands)


Balance at December 31, 2019	$	10,638	$	(109,693)	$	(99,055)	$	(322)	$	(99,377)
Amounts reclassified from AOCI (pre-tax)	(1,185)		2,075		890		(38)		852
Income tax impact of amounts reclassified	301		(527)		(226)		10		(216)
Other OCI changes (pre-tax)	(4,283)		—		(4,283)		(1,998)		(6,281)
Income tax impact of other OCI changes	1,088		—		1,088		507		1,595
Net after-tax change	(4,079)		1,548		(2,531)		(1,519)		(4,050)
Balance at March 31, 2020	$	6,559	$	(108,145)	$	(101,586)	$	(1,841)	$	(103,427)











Balance at December 31, 2018	$	1,939	$	(112,361)	$	(110,422)	$	1,738	$	(108,684)
Amounts reclassified from AOCI (pre-tax)	(676)		1,851		1,175		270		1,445
Income tax impact of amounts reclassified	172		(470)		(298)		(68)		(366)
Other OCI changes (pre-tax)	7,078		—		7,078		(1,225)		5,853
Income tax impact of other OCI changes	(1,798)		—		(1,798)		311		(1,487)
Net after-tax change	4,776		1,381		6,157		(712)		5,445
Balance at March 31, 2019	$	6,715	$	(110,980)	$	(104,265)	$	1,026	$	(103,239)

The Condensed Consolidated Statements of Earnings include pre-tax amounts reclassified from AOCI related to Unrealized Gains on Available-for-Sale Debt Securities in gains (losses) on investment securities, related to Pension Liability Adjustment in other (deductions), and related to Fair Value Adjustment for Cash Flow Hedges in interest charges. The income tax impacts of all amounts reclassified from AOCI are included in income taxes in the Condensed Consolidated Statements of Earnings.