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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES $ 540,433 $ 501,375 $ 1,059,541 $ 983,991
OPERATING EXPENSES:        
Labor and benefits 162,615 155,948 328,199 319,062
Equipment rents 33,237 38,426 67,108 76,856
Purchased services 56,795 51,632 107,796 98,134
Depreciation and amortization 61,513 50,924 122,287 100,254
Diesel fuel used in train operations 33,030 28,251 71,183 53,717
Electricity used in train operations 2,134 3,304 5,307 6,669
Casualties and insurance 10,179 9,442 22,722 19,562
Materials 26,651 21,393 47,197 42,984
Trackage rights 21,797 21,152 44,020 41,728
Net (gain)/loss on sale and impairment of assets (354) (308) (781) 12,517
Restructuring costs 2,361 4,970 6,116 6,097
Other expenses 29,135 29,047 59,593 62,221
Total operating expenses 439,093 414,181 880,747 839,801
OPERATING INCOME 101,340 87,194 178,794 144,190
Interest income 581 336 808 411
Interest expense (25,785) (17,741) (52,150) (35,716)
Other income/(loss), net 1,589 722 (510) 1,453
Income before income taxes 77,725 70,511 126,942 110,338
Provision for income taxes (29,597) (22,112) (51,525) (34,920)
Net income 48,128 48,399 75,417 75,418
Net Income Attributable to Noncontrolling Interest 2,121 0 3,172 0
Net income attributable to Genesee & Wyoming Inc. $ 46,007 $ 48,399 $ 72,245 $ 75,418
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 0.75 $ 0.85 $ 1.18 $ 1.32
Weighted average shares - Basic 61,551 57,187 61,472 57,106
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 0.74 $ 0.83 $ 1.16 $ 1.30
Weighted average shares - Diluted 62,415 58,117 62,371 58,036