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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES $ 482,616 $ 397,030
OPERATING EXPENSES:    
Labor and benefits 163,114 132,118
Equipment rents 38,430 22,032
Purchased services 46,502 24,381
Depreciation and amortization 49,330 42,217
Diesel fuel used in train operations 25,466 29,697
Electricity used in train operations 3,365 389
Casualties and insurance 10,120 8,523
Materials 21,591 18,695
Trackage rights 20,576 13,333
Net loss/(gain) on sale and impairment of assets 12,825 (317)
Restructuring costs 1,127 0
Other expenses 33,174 33,342
Total operating expenses 425,620 324,410
INCOME FROM OPERATIONS 56,996 72,620
Interest income 75 26
Interest expense (17,975) (13,508)
Loss on settlement of foreign currency forward purchase contracts 0 (18,686)
Other income, net 731 314
Income before income taxes 39,827 40,766
Provision for income taxes (12,808) (16,862)
Net income $ 27,019 $ 23,904
Basic earnings per common share $ 0.47 $ 0.43
Weighted average shares - Basic 57,025 55,826
Diluted earnings per common share $ 0.47 $ 0.42
Weighted average shares - Diluted 57,964 57,121