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Note 17 - Summary of Quarterly Operating Results (Unaudited)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Quarterly Financial Information [Text Block]

17.

SUMMARY OF QUARTERLY OPERATING RESULTS (UNAUDITED)

		(Unaudited) Year Ended December 31, 2019
(dollars in thousands, except per share amounts)		First Quarter ⁽¹⁾				Second Quarter ⁽²⁾				Third Quarter ⁽²⁾				Fourth Quarter ⁽³⁾
Revenues		$	278,605			$	285,650			$	284,991			$	318,751
Total costs and expenses		$	210,908			$	211,536			$	204,858			$	230,244
Income from operations		$	67,697			$	74,114			$	80,133			$	88,507
Net income		$	38,739			$	36,395			$	49,835			$	53,613

Net Income per Common Share:
Basic		$	6.83			$	6.41			$	8.77			$	9.43
Diluted		$	6.78			$	6.35			$	8.68			$	9.32

Weighted Average Common Shares Outstanding:
Basic			5,674,120				5,673,669				5,682,167				5,685,840
Diluted			5,716,585				5,730,238				5,741,666				5,751,970

⁽¹⁾	^{Includes Clearwave operations beginning January 8, 2019.}
⁽²⁾	^{Includes Clearwave operations.}
⁽³⁾	^{Includes Clearwave and Fidelity operations.}

		(Unaudited) Year Ended December 31, 2018
(dollars in thousands, except per share amounts)		First Quarter				Second Quarter				Third Quarter				Fourth Quarter
Revenues		$	265,761			$	268,414			$	268,268			$	269,852
Total costs and expenses		$	201,100			$	197,746			$	204,949			$	200,588
Income from operations		$	64,661			$	70,668			$	63,319			$	69,264
Net income		$	40,653			$	43,785			$	38,314			$	42,008

Net Income per Common Share:
Basic		$	7.13			$	7.70			$	6.75			$	7.40
Diluted		$	7.08			$	7.65			$	6.70			$	7.34

Weighted Average Common Shares Outstanding:
Basic			5,702,539				5,687,095				5,674,224				5,674,067
Diluted			5,742,648				5,722,869				5,717,575				5,723,528