Note 17 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Quarterly Financial Information [Text Block]

17

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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

	(in thousands except per share amounts)
Quarters ended	Mar. 31, 2015(2)		June 30, 2015(3)		Sep. 30, 2015		Dec. 31, 2015
Total revenue	$	167,216	$	175,451	$	173,512	$	208,061
Operating income		10,043		18,774		14,629		24,336
Net income		10,227		11,001		7,627		13,230
Basic income per share		0.56		0.60		0.42		0.74
Diluted income per share		0.56		0.60		0.42		0.72

	(in thousands except per share amounts)
Quarters ended	Mar. 31, 2014			June 30, 2014		Sep. 30, 2014 (4)		Dec. 31, 2014
Total revenue	$	160,957		$	173,654	$	177,581	$	206,788
Operating income		354			9,056		5,586		24,650
Net income (loss)		(1,374	)		3,780		1,857		13,545
Basic (loss) income per share (1)		(0.09	)		0.25		0.12		0.84
Diluted (loss) income per share (1)		(0.09	)		0.25		0.12		0.82

(1)	Quarter totals do not aggregate to annual results due to the dilution related to the follow-on stock offering.
(2)	Includes $4.7 million after tax one-time federal income tax credit.
(3)	Includes $3.6 million in return of previously expensed insurance premiums for the commutation of our primary auto liability policy for the period of April 1, 2013, through September 30, 2014.
(4)	Includes $7.5 million increase to claims reserves for a 2008 cargo claim.