Quarterly Data (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

The following unaudited information shows selected items by quarter for the years 2020 and 2019:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share amounts)
2020
Operating revenues	$	1,197,373	$	1,362,928	$	1,587,289	$	1,385,160
Operating expenses	1,140,303		1,224,674		1,383,578		1,239,270
Operating income	57,070		138,254		203,711		145,890
Income from continuing operations	25,539		99,842		153,015		112,131
Income (loss) from discontinued operations, net of tax	(409)		(139)		63		163
Net income	25,130		99,703		153,078		112,294
Earnings per share - basic:
Income from continuing operations	.13		.50		.76		.56
Discontinued operations, net of tax	—		—		—		—
Earnings per share - basic	.13		.50		.76		.56
Earnings per share - diluted:
Income from continuing operations	.13		.50		.76		.56
Discontinued operations, net of tax	—		—		—		—
Earnings per share - diluted	.13		.50		.76		.56
Weighted average common shares outstanding:
Basic	200,440		200,522		200,522		200,522
Diluted	200,456		200,539		200,619		200,923

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