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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data  
Quarterly Financial Information
Selected Quarterly Financial Data (Unaudited)
The following table summarizes the Company’s unaudited results of operations on a quarterly basis. The quarterly earnings per share amounts for a year will not add to the earnings per share for that year due to the weighting of shares used in calculating per share data.
 
 
2012 Quarters
 
2011 Quarters
 
4th
 
3rd
 
2nd
 
1st
 
4th
 
3rd
 
2nd
 
1st
 
 
 
 
 
(In thousands except for share data)
 
 
 
 
Operating revenues (1)
$
188,802

 
$
267,249

 
$
228,252

 
$
168,578

 
$
191,663

 
$
307,633

 
$
242,605

 
$
176,112

Operating income
13,708

 
86,396

 
56,512

 
12,042

 
15,994

 
102,215

 
58,121

 
14,473

Net income
4,819

 
51,789

 
30,894

 
3,344

 
5,453

 
58,321

 
32,990

 
6,775

Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
0.12

 
1.29

 
0.77

 
0.08

 
0.14

 
1.41

 
0.78

 
0.16

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
0.12

 
1.29

 
0.77

 
0.08

 
0.13

 
1.40

 
0.78

 
0.16

Dividends declared per share of common stock
0.25

 
0.25

 
0.25

 
0.22

 
0.22

 
0.22

 
0.22

 

 ________________
(1)
Operating revenues are seasonal in nature, with the peak sales periods generally occurring during the summer months. Comparisons among quarters of a year may not represent overall trends and changes in operations.