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Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues $ 75,647,000 $ 68,348,000 $ 235,626,000 $ 246,276,000
Operating costs:        
Operating expenses 56,519,000 55,652,000 174,920,000 199,668,000
General and administrative 3,046,000 2,570,000 10,150,000 8,046,000
Depreciation 9,231,000 8,328,000 27,913,000 24,092,000
Operating costs, Total 68,796,000 66,550,000 212,983,000 231,806,000
Income from operations 6,851,000 1,798,000 22,643,000 14,470,000
Other income (expense):        
Interest income 14,000 5,000 49,000 16,000
Interest expense (159,000) (134,000) (524,000) (422,000)
Other (expense) income (107,000) 311,000 71,000 423,000
Income before income tax 6,599,000 1,980,000 22,239,000 14,487,000
Income tax expense (2,536,000) (839,000) (8,969,000) (4,526,000)
Net income $ 4,063,000 $ 1,141,000 [1] $ 13,270,000 $ 9,961,000 [1]
Basic income attributable to common stock $ 0.50 $ 0.14 [1] $ 1.65 $ 1.26 [1]
Diluted income attributable to common stock $ 0.50 $ 0.14 [1] $ 1.64 $ 1.25 [1]
Weighted average equivalent common shares outstanding 7,873,698 7,846,417 [1] 7,861,425 7,839,983 [1]
Weighted average equivalent common shares outstanding -assuming dilution 7,922,556 7,872,423 [1] 7,900,126 7,881,187 [1]
[1] Prior year earnings per share calculations have been adjusted for the two-class method to reflect restricted shares that were not reflected as participating in prior periods. Basic earnings per share as previously reported for the quarter and nine months ended June 30, 2012 was $0.15 and $1.27, respectively. Diluted earnings per share as previously reported for the quarter and nine months ended June 30, 2012 was $0.14 and $1.26, respectively. Basic weighted average shares outstanding as previously reported for the quarter and nine months ended June 30, 2012 were 7,846,417 and 7,839,983, respectively. Diluted weighted average shares outstanding as previously reported for the quarter and nine months ended June 30, 2012 were 7,924,009 and 7,934,367, respectively. The impact on all prior period financial statements is deemed immaterial.