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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES $ 519,108 $ 482,616
OPERATING EXPENSES:    
Labor and benefits 165,584 163,114
Equipment rents 33,871 38,430
Purchased services 51,001 46,502
Depreciation and amortization 60,774 49,330
Diesel fuel used in train operations 38,153 25,466
Electricity used in train operations 3,173 3,365
Casualties and insurance 12,543 10,120
Materials 20,546 21,591
Trackage rights 22,223 20,576
Net (gain)/loss on sale and impairment of assets (427) 12,825
Restructuring costs 3,755 1,127
Other expenses 30,458 33,174
Total operating expenses 441,654 425,620
OPERATING INCOME 77,454 56,996
Interest income 227 75
Interest expense (26,365) (17,975)
Other (loss)/income, net (2,099) 731
Income before income taxes 49,217 39,827
Provision for income taxes (21,928) (12,808)
Net income 27,289 27,019
Net Income Attributable to Noncontrolling Interest 1,051 0
Net income attributable to Genesee & Wyoming Inc. $ 26,238 $ 27,019
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 0.43 $ 0.47
Weighted average shares - Basic 61,413 57,025
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 0.42 $ 0.47
Weighted average shares - Diluted 62,353 57,964