Quarterly Information

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Information (unaudited)

Quarterly information (unaudited)

(Expressed in thousands, except per share amounts)
	Fiscal Quarters
For the Year Ended December 31, 2020	Fourth		Third		Second		First		Year
Revenue	$	422,908	$	276,259	$	264,730	$	234,770	$	1,198,667
Expenses	309,113		254,541		241,466		224,547		1,029,667
Income before income taxes	113,795		21,718		23,264		10,223		169,000
Income taxes	31,915		6,079		5,615		2,405		46,014
Net income	$	81,880	$	15,639	$	17,649	$	7,818	$	122,986
Basic net income per share	$	6.56	$	1.25	$	1.40	$	0.61	$	9.73
Diluted net income per share	$	6.17	$	1.19	$	1.34	$	0.58	$	9.30
Dividends paid per share	$	1.12	$	0.12	$	0.12	$	0.12	$	1.48
Market price of Class A Stock (1)
High	$	33.21	$	26.11	$	24.42	$	28.38	$	33.21
Low	$	22.29	$	20.33	$	17.20	$	14.88	$	14.88

 

(1) The price quotations above were obtained from the New York Stock Exchange website.

(Expressed in thousands, except per share amounts)
	Fiscal Quarters
For the Year Ended December 31, 2019	Fourth		Third		Second		First		Year
Revenue	$	295,881	$	234,793	$	250,935	$	251,770	$	1,033,379
Expenses	260,908		228,297		233,544		235,718		958,467
Income before income taxes	34,973		6,496		17,391		16,052		74,912
Income taxes	9,538		2,547		5,016		4,858		21,959
Net income	$	25,435	$	3,949	$	12,375	$	11,194	$	52,953
Basic net income per share	$	1.99	$	0.31	$	0.95	$	0.86	$	4.10
Diluted net income per share	$	1.83	$	0.29	$	0.89	$	0.81	$	3.82
Dividends paid per share	$	0.12	$	0.12	$	0.11	$	0.11	$	0.46
Market price of Class A Stock (1)
High	$	29.25	$	31.30	$	27.42	$	28.73	$	31.30
Low	$	27.09	$	26.42	$	24.34	$	25.25	$	24.34

 

(1) The price quotations above were obtained from the New York Stock Exchange website.