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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING REVENUES $ 574,661 $ 519,108
OPERATING EXPENSES:    
Labor and benefits 183,716 167,138
Equipment rents 34,087 33,871
Purchased services 64,102 51,001
Depreciation and amortization 65,990 60,774
Diesel fuel used in train operations 46,151 38,153
Electricity used in train operations 2,234 3,173
Casualties and insurance 9,966 12,543
Materials 32,469 20,546
Trackage rights 20,978 22,223
Net gain on sale and impairment of assets (1,036) (427)
Restructuring costs 283 3,755
Other expenses 28,808 30,458
Total operating expenses 487,748 443,208
OPERATING INCOME 86,913 75,900
Interest income 498 227
Interest expense (25,236) (26,365)
Other loss, net (2,040) (545)
Income before income taxes 60,135 49,217
Benefit from/(provision for) income taxes 15,890 (21,928)
Net income 76,025 27,289
Net income attributable to noncontrolling interest 927 1,051
Net income attributable to Genesee & Wyoming Inc. $ 75,098 $ 26,238
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 1.21 $ 0.43
Weighted average shares - Basic 61,918 61,413
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 1.19 $ 0.42
Weighted average shares - Diluted 62,887 62,353