Quarterly Financial Data (Unaudited) |
QUARTERLY FINANCIAL DATA (UNAUDITED) In our opinion, the quarterly financial information shown below includes all adjustments necessary for a fair presentation of the operations for such periods. Due to the seasonal nature of our business, there are substantial variations in operations reported on a quarterly basis. | | | | | | | | | | | | | | | | | | | | | | | | | For the Quarters Ended | | March 31 | | June 30 | | September 30 | | December 31 | (in thousands except per share amounts) | | | | | | | | 2020 (1) | | | | | | | | Operating Revenues | $ | 152,690 | | | $ | 97,051 | | | $ | 101,419 | | | $ | 137,038 | | Operating Income | $ | 42,134 | | | $ | 17,977 | | | $ | 17,406 | | | $ | 35,206 | | Net Income: | | | | | | | | Income from Continuing Operations | $ | 29,041 | | | $ | 10,661 | | | $ | 9,280 | | | $ | 21,661 | | Earnings/(Loss) from Discontinued Operations, Net of Tax | (111) | | | 125 | | | (19) | | | 691 | | Gain on sale of Discontinued Operations, Net of Tax | — | | | 170 | | | — | | | — | | Net Income | $ | 28,930 | | | $ | 10,956 | | | $ | 9,261 | | | $ | 22,352 | | Basic Earnings Per Share of Common Stock | | | | | | | | Earnings Per Share from Continuing Operations | $ | 1.77 | | | $ | 0.65 | | | $ | 0.56 | | | $ | 1.23 | | Earnings/(Loss) Per Share from Discontinued Operations | (0.01) | | | 0.02 | | | — | | | 0.04 | | Basic Earnings Per Share of Common Stock | $ | 1.76 | | | $ | 0.67 | | | $ | 0.56 | | | $ | 1.27 | | | | | | | | | | Diluted Earnings Per Share of Common Stock | | | | | | | | Earnings Per Share from Continuing Operations | $ | 1.77 | | | $ | 0.64 | | | $ | 0.56 | | | $ | 1.22 | | Earnings/(Loss) Per Share from Discontinued Operations | (0.01) | | | 0.02 | | | — | | | 0.04 | | Diluted Earnings Per Share of Common Stock | $ | 1.76 | | | $ | 0.66 | | | $ | 0.56 | | | $ | 1.26 | | | | | | | | | | 2019 (1) | | | | | | | | Operating Revenues | $ | 160,464 | | | $ | 94,542 | | | $ | 92,626 | | | $ | 131,974 | | Operating Income | $ | 44,122 | | | $ | 18,165 | | | $ | 14,357 | | | $ | 29,641 | | Net Income: | | | | | | | | Income from Continuing Operations | $ | 28,811 | | | $ | 8,914 | | | $ | 6,251 | | | $ | 17,123 | | Earnings/(Loss) from Discontinued Operations, Net of Tax | (148) | | | (610) | | | (630) | | | 39 | | Gain on sale of Discontinued Operations, Net of Tax | — | | | — | | | — | | | 5,402 | | Net Income | $ | 28,663 | | | $ | 8,304 | | | $ | 5,621 | | | $ | 22,564 | | Basic Earnings Per Share of Common Stock | | | | | | | | Earnings Per Share from Continuing Operations | $ | 1.76 | | | $ | 0.54 | | | $ | 0.38 | | | $ | 1.05 | | Earnings/(Loss) Per Share from Discontinued Operations | (0.01) | | | (0.03) | | | (0.04) | | | 0.33 | | Basic Earnings Per Share of Common Stock | $ | 1.75 | | | $ | 0.51 | | | $ | 0.34 | | | $ | 1.38 | | | | | | | | | | Diluted Earnings Per Share of Common Stock | | | | | | | | Earnings Per Share from Continuing Operations | $ | 1.75 | | | $ | 0.54 | | | $ | 0.38 | | | $ | 1.04 | | Earnings/(Loss) Per Share from Discontinued Operations | (0.01) | | | (0.04) | | | (0.04) | | | 0.33 | | Diluted Earnings Per Share of Common Stock | $ | 1.74 | | | $ | 0.50 | | | $ | 0.34 | | | $ | 1.37 | |
(1) The sum of the four quarters does not equal the total for the year due to rounding.
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