Note 15 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Quarterly Financial Information [Text Block]

15. Quarterly Financial Information (Unaudited)

As further discussed in Note 10, Commitments and Contingencies, our third quarter 2019 and fourth quarter 2018 operating income, net earnings and earnings per share included the impact of pretax charges for contingent liabilities. Operating results by quarter for the years ended December 31, 2019 and 2018 are as follows (in thousands, except per share data):

	Quarter
	First		Second		Third		Fourth
2019:
Operating revenues	$	2,089,627	$	2,261,647	$	2,363,660	$	2,450,323
Operating income	$	167,795	$	193,093	$	167,862	$	205,074
Net earnings	$	119,601	$	133,633	$	118,410	$	144,676
Basic earnings per share	$	1.10	$	1.24	$	1.11	$	1.36
Diluted earnings per share	$	1.09	$	1.23	$	1.10	$	1.35
2018:
Operating revenues	$	1,948,245	$	2,139,027	$	2,209,760	$	2,317,842
Operating income	$	168,781	$	214,812	$	174,688	$	122,740
Net earnings	$	118,142	$	151,652	$	131,110	$	88,681
Basic earnings per share	$	1.08	$	1.39	$	1.20	$	0.81
Diluted earnings per share	$	1.07	$	1.37	$	1.19	$	0.81

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