Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Abstract]

Quarterly Financial Information

Note 15.   Quarterly Financial Information (Unaudited)

The following table summarizes the unaudited quarterly Statement of Operations for the 2011 and 2010. See Note 2 to the Notes to the Consolidated Financial Statements for a discussion of the nature of the restatement.

	2011
	1st				2nd					3rd					4th
(Dollars in thousands, except share data)	As Reported (2)		Restated (1)		As Reported (2)			Restated (1)		As Reported (2)			Restated (1)		As Reported (2)			Restated (1)
Operating Revenue	$	38,622	$	38,622	$	40,108		$	40,108	$	45,244		$	45,244	$	39,564		$	39,564
Operating income	$	4,666	$	4,666	$	5,002		$	5,002	$	6,342		$	6,342	$	3,645		$	3,645
Net income	$	2,142	$	2,346	$	2,694		$	2,348	$	2,971		$	2,133	$	1,430		$	1,574
Other comprehensive income, net of taxes	$	269	$	65	$	(280	)	$	66	$	(774	)	$	64	$	(643	)	$	(787	)
Total comprehensive income	$	2,411	$	2,411	$	2,414		$	2,414	$	2,197		$	2,197	$	787		$	787
Basic earnings per share	$	0.16	$	0.18	$	0.20		$	0.18	$	0.22		$	0.16	$	0.11		$	0.12
Fully diluted earnings per share	$	0.16	$	0.18	$	0.20		$	0.18	$	0.22		$	0.16	$	0.11		$	0.12
Dividends per share	$	0.135	$	0.135	$	0.135		$	0.135	$	0.135		$	0.135	$	0.14		$	0.14
	2010
	1st				2nd					3rd					4th
	As Reported (2)		Restated (1)		As Reported (2)			Restated (1)		As Reported (2)			Restated (1)		As Reported (2)			Restated (1)
Operating Revenue	$	38,720	$	38,720	$	38,268		$	38,268	$	43,480		$	43,480	$	41,779		$	41,779
Operating income	$	4,460	$	4,460	$	5,657		$	5,657	$	6,388		$	6,388	$	4,463		$	4,463
Net income	$	1,427	$	1,596	$	3,510		$	3,642	$	5,043		$	5,035	$	2,114		$	2,319
Other comprehensive income, net of taxes	$	228	$	59	$	191		$	59	$	52		$	60	$	(240	)	$	(445	)
Total comprehensive income	$	1,655	$	1,655	$	3,701		$	3,701	$	5,095		$	5,095	$	1,874		$	1,874
Basic earnings per share	$	0.11	$	0.12	$	0.27		$	0.28	$	0.38		$	0.38	$	0.16		$	0.17
Fully diluted earnings per share	$	0.11	$	0.12	$	0.27		$	0.28	$	0.38		$	0.38	$	0.16		$	0.17
Dividends per share	$	0.13	$	0.13	$	0.13		$	0.13	$	0.13		$	0.13	$	0.135		$	0.135
(1) See Note 2 related to the restated consolidated financial statements.
(2) Previously reported numbers have been restated due to the change in accounting for interest rate swap agreements.

The summation of quarterly earnings per share computations may not equate to the year-end computation as the quarterly computations are performed on an individual basis.