Quarterly data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Supplementary financial Information-quarterly data (Unaudited)

Supplementary Financial Information

Quarterly Data (Unaudited)

The following unaudited information shows selected items by quarter for the years 2019 and 2018:

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(In thousands, except per share amounts)
2019
Operating revenues	$	1,091,191		$	1,303,573		$	1,563,799		$	1,378,213
Operating expenses	1,026,973			1,206,262			1,374,329			1,247,992
Operating income	64,218			97,311			189,470			130,221
Income from continuing operations	41,089			63,145			136,128			94,804
Income (loss) from discontinued operations, net of tax	(163		)	(1,320		)	1,509			261
Net income	40,926			61,825			137,637			95,065
Earnings per share - basic:
Income from continuing operations	.21			.32			.68			.47
Discontinued operations, net of tax	—			(.01		)	.01			—
Earnings per share - basic	.21			.31			.69			.47
Earnings per share - diluted:
Income from continuing operations	.21			.32			.68			.47
Discontinued operations, net of tax	—			(.01		)	.01			—
Earnings per share - diluted	.21			.31			.69			.47
Weighted average common shares outstanding:
Basic	196,401			198,270			199,343			200,383
Diluted	196,414			198,287			199,383			200,478
2018
Operating revenues	$	976,293		$	1,064,597		$	1,280,787		$	1,209,875
Operating expenses	906,917			990,605			1,140,783			1,091,524
Operating income	69,376			73,992			140,004			118,351
Income from continuing operations	41,960			44,075			107,369			75,982
Income (loss) from discontinued operations, net of tax	477			(273		)	(118		)	2,846
Net income	42,437			43,802			107,251			78,828
Earnings per share - basic:
Income from continuing operations	.22			.22			.55			.39
Discontinued operations, net of tax	—			—			—			.01
Earnings per share - basic	.22			.22			.55			.40
Earnings per share - diluted:
Income from continuing operations	.22			.22			.55			.39
Discontinued operations, net of tax	—			—			—			.01
Earnings per share - diluted	.22			.22			.55			.40
Weighted average common shares outstanding:
Basic	195,304			195,524			196,018			196,023
Diluted	195,982			196,169			196,265			196,385

Certain operations of the Company are highly seasonal and revenues from and certain expenses for such operations may fluctuate significantly among quarterly periods. Accordingly, quarterly financial information may not be indicative of results for a full year.