QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2014

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE O — QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The tables below present unaudited quarterly financial information for 2014 and 2013:

	2014
	First			Second		Third			Fourth
	Quarter			Quarter		Quarter			Quarter
	(in thousands, except share and per share data)
Revenues	$	577,904		$	658,646	$	711,295		$	664,848
Operating expenses	586,606			631,694		678,354			646,799
Operating income (loss)	(8,702		)	26,952		32,941			18,049
Other income (costs), net	(253		)	419		(385		)	1,591
Income tax provision (benefit)	(3,762		)	10,163		12,938			5,097
Net income (loss)	$	(5,193	)	$	17,208	$	19,618		$	14,543
Earnings (loss) per common share(1)
Basic	$	(0.20	)	$	0.63	$	0.72		$	0.53
Diluted	$	(0.20	)	$	0.63	$	0.72		$	0.53
Average common shares outstanding
Basic	25,876,928			26,005,105		26,054,678			26,073,256
Diluted	25,876,928			26,005,105		26,054,678			26,073,256

	2013
	First			Second			Third		Fourth
	Quarter			Quarter			Quarter		Quarter
	(in thousands, except share and per share data)
Revenues	$	520,687		$	576,899		$	623,414	$	578,549
Operating expenses	544,037			568,482			602,912		565,047
Operating income (loss)	(23,350		)	8,417			20,502		13,502
Other income (costs), net	47			(552		)	502		393
Income tax provision (benefit)	(9,908		)	2,987			7,022		3,549
Net income (loss)	$	(13,395	)	$	4,878		$	13,982	$	10,346
Earnings (loss) per common share(1)
Basic	$	(0.52	)	$	0.18		$	0.52	$	0.38
Diluted	$	(0.52	)	$	0.18		$	0.52	$	0.38
Average common shares outstanding
Basic	25,638,333			25,694,327			25,736,810		25,785,485
Diluted	25,638,333			25,694,327			25,736,810		25,793,366

(1) The Company uses the two-class method for calculating earnings per share. See Note M.