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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2013
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.
 
 
2013 Quarters
 
2012 Quarters
 
4th
 
3rd
 
2nd
 
1st
 
4th
 
3rd
 
2nd
 
1st
 
 
 
 
 
(In thousands except for share data)
 
 
 
 
Operating revenues (1)
$
190,297

 
$
282,661

 
$
240,114

 
$
177,290

 
$
188,802

 
$
267,249

 
$
228,252

 
$
168,578

Operating income
6,050

 
85,896

 
54,344

 
19,345

 
13,708

 
86,396

 
56,512

 
12,042

Net income
1,191

 
50,565

 
29,193

 
7,634

 
4,819

 
51,789

 
30,894

 
3,344

Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
0.03

 
1.26

 
0.73

 
0.19

 
0.12

 
1.29

 
0.77

 
0.08

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
0.03

 
1.26

 
0.72

 
0.19

 
0.12

 
1.29

 
0.77

 
0.08

Dividends declared per share of common stock
0.265

 
0.265

 
0.265

 
0.25

 
0.25

 
0.25

 
0.25

 
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.