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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
OPERATING REVENUES $ 209,589 $ 158,453 $ 401,500 $ 304,032
OPERATING EXPENSES:        
Labor and benefits 58,966 51,329 117,048 101,517
Equipment rents 11,011 8,266 21,578 15,915
Purchased services 19,942 12,895 37,384 23,292
Depreciation and amortization 16,297 12,452 32,158 24,900
Diesel fuel used in operations 22,629 10,605 44,027 21,642
Diesel fuel sold to third parties 4,500 3,910 8,579 7,703
Casualties and insurance 6,228 3,123 11,666 7,027
Materials 6,090 6,004 12,673 11,481
Net gain on sale of assets (1,088) (1,399) (2,098) (1,848)
Gain on insurance recoveries (1,018) 0 (1,043) 0
Other operating expenses 14,867 13,395 29,160 24,424
Total operating expenses 158,424 120,580 311,132 236,053
INCOME FROM OPERATIONS 51,165 37,873 90,368 67,979
Interest income 858 471 1,633 894
Interest expense (10,253) (5,411) (20,192) (10,773)
Gain on sale of investments 625 0 894 0
Other income/(expense), net 170 (175) 469 275
Income from continuing operations before income taxes 42,565 32,758 73,172 58,375
Provision for income taxes 11,420 12,067 19,905 21,708
Income from continuing operations, net of tax 31,145 20,691 53,267 36,667
Loss from discontinued operations, net of tax 0 (56) 0 (72)
Net income $ 31,145 $ 20,635 $ 53,267 $ 36,595
Basic earnings per share:        
Basic earnings per common share from continuing operations $ 0.78 $ 0.53 $ 1.34 $ 0.95
Basic loss per common share from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Basic earnings per common share $ 0.78 $ 0.53 $ 1.34 $ 0.95
Weighted average shares - basic 39,903 38,831 39,695 38,711
Diluted earnings per share:        
Diluted earnings per common share from continuing operations $ 0.73 $ 0.50 $ 1.25 $ 0.88
Diluted loss per common share from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Diluted earnings per common share $ 0.73 $ 0.49 $ 1.25 $ 0.88
Weighted average shares - diluted 42,757 41,723 42,654 41,595