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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES $ 558,089 $ 574,661
OPERATING EXPENSES:    
Labor and benefits 184,308 183,716
Equipment rents 32,233 34,087
Purchased services 51,248 64,102
Depreciation and amortization 62,626 65,990
Diesel fuel used in train operations 44,637 46,151
Electricity used in train operations 2,324 2,234
Casualties and insurance 11,372 9,966
Materials 31,220 32,469
Trackage rights 21,640 20,978
Net gain on sale and impairment of assets (1,490) (1,036)
Restructuring and related costs 7,634 283
Other expenses, net 30,627 28,808
Total operating expenses 478,379 487,748
OPERATING INCOME 79,710 86,913
Interest income 547 498
Interest expense (27,610) (25,236)
Other income/(loss), net 419 (2,040)
Income before income taxes 53,066 60,135
(Provision for)/benefit from income taxes (14,260) 15,890
Net income 38,806 76,025
Net income attributable to noncontrolling interest 100 927
Net income attributable to Genesee & Wyoming Inc. $ 38,706 $ 75,098
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 0.69 $ 1.21
Weighted average shares - Basic 56,368 61,918
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 0.68 $ 1.19
Weighted average shares - Diluted 57,132 62,887