Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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


	Three Months Ended
	March 31,
	2020		2019
	(In thousands, except per share amounts)
Net Earnings (Loss) Attributable to PNMR	$	(15,260)	$	18,700
Average Number of Common Shares:
Outstanding during period	79,654		79,654
Vested awards of restricted stock	217		239
Average Shares – Basic	79,871		79,893
Dilutive Effect of Common Stock Equivalents:
Restricted stock	—		78
Average Shares – Diluted⁽¹⁾	79,871		79,971

Net Earnings (Loss) Per Share of Common Stock:
Basic	$	(0.19)	$	0.23
Diluted	$	(0.19)	$	0.23

⁽¹⁾ No potentially dilutive restricted stock or PNMR common stock under the PNMR 2020 Forward Equity Sale Agreements have been included in the computation of Average Shares – Diluted for the three months ended March 31, 2020 since the effect would be anti-dilutive.