Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

20. QUARTERLY FINANCIAL DATA (UNAUDITED)

In our opinion, the quarterly financial information shown below includes all adjustments necessary for a fair presentation of the operations for such periods. Due to the seasonal nature of our business, there are substantial variations in operations reported on a quarterly basis.


For the Quarters Ended	March 31		June 30		September 30		December 31
(in thousands except per share amounts)
2012 ⁽¹⁾
Operating Revenue	$	120,914	$	83,897	$	78,175	$	109,516
Operating Income	$	20,073	$	10,455	$	7,564	$	18,543
Net Income	$	10,727	$	5,060	$	3,219	$	9,857
Earnings per share:
Basic	$	1.12	$	0.53	$	0.34	$	1.03
Diluted	$	1.11	$	0.52	$	0.33	$	1.02
2011 ⁽¹⁾
Operating Revenue	$	146,597	$	86,831	$	80,610	$	103,988
Operating Income	$	24,839	$	7,776	$	5,594	$	15,495
Net Income	$	13,747	$	3,520	$	2,397	$	7,957
Earnings per share:
Basic	$	1.44	$	0.37	$	0.25	$	0.83
Diluted	$	1.43	$	0.37	$	0.25	$	0.83

⁽¹⁾	The sum of the four quarters does not equal the total year due to rounding.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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