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Quarterly Financial Data
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Financial Data (Unaudited)
Quarterly results of operations for the years ended December 31 are summarized below:
 
 
Three Months Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per share amounts)
2011
 
 
 
 
 
 
 
 
Operating revenue
 
$
232,662

 
$
275,891

 
$
288,714

 
$
273,919

Operating income
 
26,844

 
34,959

 
44,556

 
38,023

Net income (loss)
 
7,883

 
16,917

 
27,657

 
23,991

Basic earnings (loss) per share
 
0.30

 
0.41

 
0.38

 
0.33

Diluted earnings (loss) per share
 
0.30

 
0.41

 
0.38

 
0.33

 
 
 
 
 
 
 
 
 
2010
 
 
 
 
 
 
 
 
Operating revenue
 
$
184,051

 
$
177,359

 
$
203,655

 
$
216,200

Operating income
 
24,124

 
1,791

 
20,982

 
21,976

Net income (loss) (1)
 
11,276

 
(10,066
)
 
61,740

 
9,531

Basic earnings (loss) per share
 
0.43

 
(0.38
)
 
2.35

 
0.36

Diluted earnings (loss) per share
 
0.42

 
(0.38
)
 
2.33

 
0.36

(1)    Net income for the three months ended September 30, 2010 includes a $53.0 million net tax benefit primarily due to the release of a valuation
allowance resulting in a deferred tax benefit of $53.5 million. Absent the release of the valuation allowance and corresponding tax benefit, our net income would have been $8.2 million for the three months ended September 30, 2010.