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QUARTERLY INFORMATION (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2012
QUARTERLY INFORMATION (Unaudited)  
Schedule of quarterly financial information

Segment results by quarter for 2012 and 2011 are listed below (in millions, except per-share amounts):

 

 

 

2012

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue:

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

279.5

 

$

299.5

 

$

307.1

 

$

303.7

 

Logistics

 

86.6

 

94.7

 

94.3

 

94.6

 

Total operating revenue

 

$

366.1

 

$

394.2

 

$

401.4

 

$

398.3

 

Operating Income (loss):

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

5.8

 

$

31.2

 

$

32.9

 

$

26.7

 

Logistics services

 

0.3

 

1.3

 

1.3

 

(2.8

)

Total operating income

 

6.1

 

32.5

 

34.2

 

23.9

 

Interest Expense

 

(2.0

)

(1.9

)

(4.0

)

(3.8

)

Income From Continuing Operations before Income Taxes

 

4.1

 

30.6

 

30.2

 

20.1

 

Income tax expense

 

2.1

 

15.3

 

11.2

 

4.4

 

Income From Continuing Operations

 

2.0

 

15.3

 

19.0

 

15.7

 

Discontinued Operations(1)

 

1.4

 

(7.5

)

0.1

 

(0.1

)

Net Income

 

$

3.4

 

$

7.8

 

$

19.1

 

$

15.6

 

 

 

 

 

 

 

 

 

 

 

Income From Continuing Operations

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.05

 

$

0.36

 

$

0.45

 

$

0.37

 

Diluted

 

$

0.05

 

$

0.36

 

$

0.45

 

$

0.37

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.08

 

$

0.18

 

$

0.45

 

$

0.37

 

Diluted

 

$

0.08

 

$

0.18

 

$

0.45

 

$

0.36

 

 

 

 

2011

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue:

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

238.4

 

$

274.3

 

$

281.4

 

$

282.1

 

Logistics

 

91.3

 

103.1

 

99.2

 

92.8

 

Total operating revenue

 

$

329.7

 

$

377.4

 

$

380.6

 

$

374.9

 

Operating Income (loss):

 

 

 

 

 

 

 

 

 

Ocean transportation

 

$

5.2

 

$

27.1

 

$

28.9

 

$

12.5

 

Logistics services

 

1.5

 

2.1

 

2.0

 

(0.7

)

Total operating income

 

6.7

 

29.2

 

30.9

 

11.8

 

Interest Expense

 

(1.9

)

(1.9

)

(1.9

)

(2.0

)

Income From Continuing Operations before Income Taxes

 

4.8

 

27.3

 

29.0

 

9.8

 

Income tax expense

 

1.8

 

9.6

 

10.6

 

3.1

 

Income From Continuing Operations

 

3.0

 

17.7

 

18.4

 

6.7

 

Discontinued Operations(1)

 

2.2

 

1.0

 

(9.7

)

(5.1

)

Net Income

 

$

5.2

 

$

18.7

 

$

8.7

 

$

1.6

 

 

 

 

 

 

 

 

 

 

 

Income From Continuing Operations

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.07

 

$

0.42

 

$

0.44

 

$

0.16

 

Diluted

 

$

0.07

 

$

0.42

 

$

0.44

 

$

0.16

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

 

 

 

 

 

 

 

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.12

 

$

0.45

 

$

0.21

 

$

0.04

 

Diluted

 

$

0.12

 

$

0.44

 

$

0.21

 

$

0.04

 

 

(1)See Note 2 for discussion of discontinued operations.