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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING REVENUES $ 594,990 $ 540,433 $ 1,169,651 $ 1,059,541
OPERATING EXPENSES:        
Labor and benefits 179,838 164,222 363,554 331,360
Equipment rents 34,802 33,237 68,889 67,108
Purchased services 61,045 56,795 125,147 107,796
Depreciation and amortization 65,745 61,513 131,735 122,287
Diesel fuel used in train operations 45,623 33,030 91,774 71,183
Electricity used in train operations 2,044 2,134 4,278 5,307
Casualties and insurance 12,984 10,179 22,950 22,722
Materials 32,376 26,651 64,845 47,197
Trackage rights 23,303 21,797 44,281 44,020
Net gain on sale and impairment of assets (823) (354) (1,859) (781)
Restructuring costs 9,362 2,361 9,645 6,116
Other expenses, net 25,566 29,135 54,374 59,593
Total operating expenses 491,865 440,700 979,613 883,908
OPERATING INCOME 103,125 99,733 190,038 175,633
Interest income 584 581 1,082 808
Interest expense (28,940) (25,785) (54,176) (52,150)
Other income/(loss), net 288 3,196 (1,752) 2,651
Income before income taxes 75,057 77,725 135,192 126,942
Provision for income taxes (26,446) (29,597) (10,556) (51,525)
Net income 48,611 48,128 124,636 75,417
Net income attributable to noncontrolling interest 4,443 2,121 5,370 3,172
Net income attributable to Genesee & Wyoming Inc. $ 44,168 $ 46,007 $ 119,266 $ 72,245
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 0.74 $ 0.75 $ 1.96 $ 1.18
Weighted average shares - Basic 59,996 61,551 60,946 61,472
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 0.73 $ 0.74 $ 1.93 $ 1.16
Weighted average shares - Diluted 60,879 62,415 61,841 62,371