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Selected Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Unaudited Quarterly Financial Information Selected Unaudited Quarterly Financial Information
The following tables set forth a summary of our quarterly financial information for each of the four quarters in 2019 and 2018:
 
2019
 
Q4
 
Q3
 
Q2
 
Q1
 
(In thousands, except per share data)
Total operating revenues
$
249,307

 
$
240,448

 
$
278,326

 
$
340,514

Total operating expenses
249,550

 
242,635

 
234,363

 
259,129

Operating (loss) income
(243
)
 
(2,187
)
 
43,963

 
81,385

Interest expense, net
89

 
112

 
165

 
1,471

(Loss) income before income taxes
(332
)
 
(2,299
)
 
43,798

 
79,914

Income tax (benefit) expense
(2,025
)
 
(1,768
)
 
9,106

 
15,871

Net income (loss)
$
1,693

 
$
(531
)
 
$
34,692

 
$
64,043

Earnings (loss) per common share
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Class A common stock
$
0.03

 
$
(0.01
)
 
$
0.66

 
$
1.21

Diluted
 
 
 
 
 
 
 
Class A common stock
$
0.03

 
$
(0.01
)
 
$
0.64

 
$
1.17

 
2018
 
Q4
 
Q3
 
Q2
 
Q1
 
(In thousands, except per share data)
Total operating revenues
$
245,108

 
$
236,333

 
$
263,792

 
$
320,342

Total operating expenses
229,712

 
235,662

 
231,168

 
238,618

Operating income
15,396

 
671

 
32,624

 
81,724

Interest expense, net
3,067

 
991

 
1,280

 
1,260

Income before income taxes
12,329

 
(320
)
 
31,344

 
80,464

Income tax (benefit) expense
(1,943
)
 
(4,893
)
 
1,517

 
10,433

Net income
$
14,272

 
$
4,573

 
$
29,827

 
$
70,031

Earnings per common share
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Class A common stock
$
0.27

 
$
0.09

 
$
0.57

 
$
1.36

Diluted
 
 
 
 
 
 
 
Class A common stock
$
0.26

 
$
0.08

 
$
0.55

 
$
1.29