Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Information

Summarized unaudited quarterly financial information is as follows:

	Three Months Ended
	March 31		June 30		September 30		December 31
	(In thousands except per share amounts)
2014
Revenues	$	387,988	$	405,431	$	400,974	$	378,551
Gross profit (loss)	$	115,143	$	113,973	$	103,983	$	(89,796	)	(1)
Net income (loss)	$	56,945	$	54,360	$	67,522	$	(42,551	)
Net income (loss) per common share:
Basic	$	1.17	$	1.12	$	1.39	$	(0.88	)
Diluted	$	1.17	$	1.11	$	1.37	$	(0.88	)	(2)
2013
Revenues	$	318,532	$	340,421	$	333,776	$	359,121
Gross profit	$	83,683	$	90,823	$	79,082	$	92,692		(1)
Net income	$	40,206	$	59,007	$	34,232	$	51,301
Net income per common share:
Basic	$	0.84	$	1.22	$	0.71	$	1.06
Diluted	$	0.83	$	1.22	$	0.70	$	1.05

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(1) Gross profit excludes general and administrative expense, interest expense, (gain) loss on disposition of assets, gain (loss) on non-designated hedges and hedge ineffectiveness, income taxes, and other income (loss).

(2) Due to the effect of the loss in the fourth quarter, the diluted earnings per share for the year's four quarters does not equal annual earnings per share.