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Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING REVENUES $ 542,219,000 $ 414,563,000 $ 939,249,000 $ 790,842,000
OPERATING EXPENSES:        
Labor and benefits 165,296,000 115,871,000 297,414,000 232,027,000
Equipment rents 43,483,000 19,857,000 65,515,000 38,932,000
Purchased services 56,177,000 24,257,000 80,558,000 52,396,000
Depreciation and amortization 48,048,000 38,212,000 90,265,000 75,853,000
Diesel fuel used in train operations 37,895,000 37,379,000 67,592,000 79,314,000
Electricity used in train operations 4,977,000 404,000 5,366,000 472,000
Casualties and insurance 10,038,000 12,737,000 18,561,000 22,369,000
Materials 26,929,000 19,221,000 45,624,000 35,515,000
Trackage rights 22,172,000 14,021,000 35,505,000 26,287,000
Net gain on sale of assets (490,000) (1,369,000) (807,000) (2,207,000)
Other expenses 28,243,000 23,864,000 61,585,000 44,900,000
Total operating expenses 442,768,000 304,454,000 767,178,000 605,858,000
INCOME FROM OPERATIONS 99,451,000 110,109,000 172,071,000 184,984,000
Interest income 124,000 241,000 150,000 1,275,000
Interest expense (17,772,000) (17,814,000) (31,280,000) (31,455,000)
Loss on settlement of foreign currency forward purchase contracts 0 0 (18,686,000) 0
Other income, net 334,000 759,000 648,000 1,395,000
Income before income taxes 82,137,000 93,295,000 122,903,000 156,199,000
Provision for income taxes (29,300,000) (32,567,000) (46,162,000) (55,467,000)
Net income $ 52,837,000 $ 60,728,000 $ 76,741,000 $ 100,732,000
Basic earnings per common share $ 0.94 $ 1.10 $ 1.37 $ 1.83
Weighted average shares - Basic 55,976 55,054 55,902 54,949
Diluted earnings per common share $ 0.92 $ 1.07 $ 1.34 $ 1.77
Weighted average shares - Diluted 57,143 56,948 57,132 56,910