22. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
Unaudited quarterly results of operations for the years ended December 31, 2011 and 2010 are presented below.
|
|
Quarter Ended |
|
|
|
March 31,
2011 |
|
June 30,
2011 |
|
September 30,
2011 |
|
December 31,
2011 |
|
|
|
(In thousands, except per share amounts) |
|
Revenues |
|
$ |
740,436 |
|
$ |
740,458 |
|
$ |
844,844 |
|
$ |
847,549 |
|
Operating expenses |
|
528,528 |
|
548,667 |
|
617,165 |
|
666,247 |
|
Operating income |
|
211,908 |
|
191,791 |
|
227,679 |
|
181,302 |
|
Interest expense, net |
|
71,459 |
|
78,794 |
|
74,356 |
|
73,976 |
|
Income before income taxes |
|
140,449 |
|
112,997 |
|
153,323 |
|
107,326 |
|
Provision for income taxes |
|
54,073 |
|
43,974 |
|
59,342 |
|
41,420 |
|
Net income |
|
$ |
86,376 |
|
$ |
69,023 |
|
$ |
93,981 |
|
$ |
65,906 |
|
Net income per share—basic |
|
$ |
1.69 |
|
$ |
1.35 |
|
$ |
1.86 |
|
$ |
1.31 |
|
Net income per share—diluted |
|
$ |
1.56 |
|
$ |
1.19 |
|
$ |
1.60 |
|
$ |
1.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended |
|
|
|
March 31,
2010 |
|
June 30,
2010 |
|
September 30,
2010 |
|
December 31,
2010 |
|
|
|
(In thousands, except per share amounts) |
|
Revenues |
|
$ |
663,537 |
|
$ |
669,718 |
|
$ |
702,443 |
|
$ |
755,723 |
|
Operating expenses |
|
505,339 |
|
509,338 |
|
532,434 |
|
615,090 |
|
Operating income |
|
158,198 |
|
160,380 |
|
170,009 |
|
140,633 |
|
Interest expense, net |
|
82,706 |
|
83,848 |
|
84,119 |
|
67,657 |
|
Income from continuing operations before income taxes |
|
75,492 |
|
76,532 |
|
85,890 |
|
72,976 |
|
Provision for income taxes |
|
28,838 |
|
29,212 |
|
32,831 |
|
24,371 |
|
Income from continuing operations |
|
46,654 |
|
47,320 |
|
53,059 |
|
48,605 |
|
Loss from discontinued operations |
|
— |
|
— |
|
— |
|
(1,901 |
) |
Net income |
|
$ |
46,654 |
|
$ |
47,320 |
|
$ |
53,059 |
|
$ |
46,704 |
|
Income from continuing operations per share—basic |
|
$ |
0.89 |
|
$ |
0.89 |
|
$ |
1.01 |
|
$ |
0.94 |
|
Income from continuing operations per share—diluted |
|
$ |
0.84 |
|
$ |
0.83 |
|
$ |
0.96 |
|
$ |
0.88 |
|
Net income per share—basic |
|
$ |
0.89 |
|
$ |
0.89 |
|
$ |
1.01 |
|
$ |
0.90 |
|
Net income per share—diluted |
|
$ |
0.84 |
|
$ |
0.83 |
|
$ |
0.96 |
|
$ |
0.84 |
|
|