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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
12 Months Ended
Dec. 31, 2011
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)  
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

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