Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

17. Quarterly Financial Information (Unaudited)

The Company’s quarterly operating results are presented in the following table (dollars in thousands, except per share amounts):

							Earnings		Earnings
					Net		(Loss)		(Loss)
	Operating		Operating		Income		per share -		per share -
	Revenues		Income		(Loss)		basic		diluted
Year Ended December 31, 2016:
First Quarter	$	98,794	$	4,500	$	154	$	0.01	$	0.01
Second Quarter		99,541		6,889		1,445		0.13		0.13
Third Quarter		97,848		3,703		(279)		(0.02)		(0.02)
Fourth Quarter		96,780		3,700		(214)		(0.02)		(0.02)
Total	$	392,963	$	18,792	$	1,106	$	0.10	$	0.10
Year Ended December 31, 2015:
First Quarter	$	97,114	$	5,919	$	975	$	0.09	$	0.09
Second Quarter		96,187		5,260		455		0.04		0.04
Third Quarter		100,905		4,195		105		0.01		0.01
Fourth Quarter		99,207		3,888		(435)		(0.04)		(0.04)
Total	$	393,413	$	19,262	$	1,100	$	0.10	$	0.10

The quarterly results of operations for the year ended December 31, 2016 include pension settlement losses (see Note 8) for the third and fourth quarters amounting to $0.5 million and $0.8 million, respectively.  The quarterly results of operations for the year ended December 31, 2015 include pension settlement losses for the first, second, third and fourth quarters amounting to $0.9 million, $1.4 million, $4.1 million and $1.7 million, respectively.  In addition, in the third quarter of 2015, the Company recognized $2.2 million in CAF Phase II funding as revenue (see Note 13).