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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Sep. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
19. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

A summary of financial data for each quarter of fiscal 2019 and 2018 follows. Due to the seasonal nature of the Company’s businesses, quarterly amounts vary significantly during the fiscal year. In the opinion of management, the information furnished reflects all adjustments necessary for a fair presentation of the results of the interim periods.
 
First
Second
Third
Fourth
(Thousands, except per share data)
Quarter
Quarter
Quarter
Quarter
2019
 
 
 
 
Operating revenues
$
811,767

$
866,255

$
434,942

$
479,081

Operating income (loss)
$
88,743

$
77,001

$
(4,019
)
$
(7,790
)
Net income (loss)
$
86,248

$
73,573

$
(8,402
)
$
18,086

Earnings (loss) per share (1)
 
 
 
 
Basic
$0.97
$0.83
$(0.09)
$0.20
Diluted
$0.97
$0.82
$(0.09)
$0.20
2018
 
 
 
 
Operating revenues
$
705,305

$
1,019,043

$
543,435

$
647,326

Operating income (loss) (2)
$
76,196

$
178,744

$
(36,715
)
$
(18,343
)
Net income (loss)
$
123,699

$
140,266

$
(14,274
)
$
(16,255
)
Earnings (loss) per share (1)
 
 
 
 
Basic
$1.42
$1.60
$(0.16)
$(0.18)
Diluted
$1.42
$1.59
$(0.16)
$(0.18)
(1)
The sum of quarterly amounts may not equal the annual amounts due to rounding.
(2)
Quarterly amounts have been reclassified to conform to the current period presentation due to the adoption of ASU No. 2017-07, an amendment to ASC 715, Compensation - Retirement Benefits. See Note 2. Summary of Significant Accounting Policies.