NOTE 18 SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

(in thousands, except per share amounts)


2018	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total (1)
Operating revenues	$	564,087	$	577,484	$	648,872	$	696,825	$	2,487,268
Operating income (loss)		3,520		(1,253)		6,217		23,118		31,602
Income (loss) from continuing operations		500,642		(1,633)		(8,174)		2,175		493,010
Net income (loss)		500,106		(11,879)		(8,008)		2,453		482,672
Basic earnings per common share:
Income (loss) from continuing operations		4.57		(0.03)		(0.08)		0.02		4.49
Net income (loss)		4.57		(0.12)		(0.08)		0.02		4.39
Diluted earnings per common share:
Income (loss) from continuing operations		4.55		(0.03)		(0.08)		0.02		4.47
Net income (loss)		4.55		(0.12)		(0.08)		0.02		4.37

(1)

The sum of earnings per share for the four quarters may not equal the total earnings per share for the fiscal year due to changes in the average number of common shares outstanding.

In the first quarter of fiscal year 2018, net income includes a tax benefit of approximately $502.1 million, or $4.59 per share on a diluted basis, an after-tax gain from the sale of assets of $4.2 million, or $0.04 per share on a diluted basis. In the second quarter of fiscal year 2018, net loss includes an after-tax gain from the sale of assets of $3.8 million, or $0.04 per share on a diluted basis. In the third quarter of fiscal year 2018, net loss includes an after-tax gain from the sale of assets of $3.1 million, or $0.02 per share on a diluted basis. In the fourth quarter of fiscal year 2018, net loss includes an after-tax gain from the sale of assets of $5.5 million, or $0.05 per share on a diluted basis and an after-tax loss from asset impairments of approximately $17.2 million, or $0.16 per share on a diluted basis.


2017	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total (1)
Operating revenues	$	368,590	$	405,283	$	498,564	$	532,304	$	1,804,741
Operating loss		(49,164)		(65,672)		(28,028)		(29,677)		(172,541)
Loss from continuing operations		(34,554)		(48,473)		(23,125)		(21,711)		(127,863)
Net loss		(35,063)		(48,818)		(21,799)		(22,532)		(128,212)
Basic earnings per common share:
Loss from continuing operations		(0.33)		(0.45)		(0.22)		(0.20)		(1.20)
Net loss		(0.33)		(0.45)		(0.21)		(0.21)		(1.20)
Diluted earnings per common share:
Loss from continuing operations		(0.33)		(0.45)		(0.22)		(0.20)		(1.20)
Net loss		(0.33)		(0.45)		(0.21)		(0.21)		(1.20)

(1)

The sum of earnings per share for the four quarters may not equal the total earnings per share for the year due to changes in the average number of common shares outstanding.

In the first quarter of fiscal year 2017, net loss includes an after-tax gain from the sale of assets of $0.6 million, or $0.01 per share on a diluted basis. In the second quarter of fiscal year 2017, net loss includes an after-tax gain from the sale of assets of $10.1 million, or $0.09 per share on a diluted basis. In the third quarter of fiscal year 2017, net loss includes an after-tax gain from the sale of assets of $1.3 million, or $0.01 per share on a diluted basis. In the fourth quarter of fiscal year 2017, net loss includes an after-tax gain from the sale of assets of $2.3 million, or $0.02 per share on a diluted basis.