Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

NOTE 15. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The tables below present quarterly financial information for 2018 and 2017 (in thousands, except per share amounts):

	2018
	March 31,		June 30,		September 30,		December 31,
Operating revenue	$	125,013	$	135,381	$	132,583	$	141,083
Operating expenses	122,621		131,070		126,780		132,370
Operating income	2,392		4,311		5,803		8,713
Other, net	938		946		1,231		1,526
Income before income taxes	1,454		3,365		4,572		7,187
Income tax expense	419		821		1,272		1,862
Net income	$	1,035	$	2,544	3,300		$	5,325
Average shares outstanding (basic)	8,035		8,205		8,223		8,268
Basic earnings per share	$	0.13	$	0.31	$	0.40	$	0.65
Average shares outstanding (diluted)	8,040		8,227		8,240		8,288
Diluted earnings per share	$	0.13	$	0.31	$	0.40	$	0.65

	2017
	March 31,		June 30,		September 30,		December 31,
Operating revenue	$	101,670	$	107,358	$	114,235	$	123,270
Operating expenses	108,069		110,324		112,431		117,777
Operating (loss) income	(6,399)		(2,966)		1,804		5,493
Other, net	1,101		1,078		1,056		960
(Loss) income before income taxes	(7,500)		(4,044)		748		4,533
Income tax (benefit) expense	(2,610)		(1,198)		339		(10,291)
Net (loss) income	$	(4,890)	$	(2,846)	$	409	$	14,824
Average shares outstanding (basic)	7,998		8,028		8,027		8,027
Basic (loss) earnings per share	$	(0.61)	$	(0.35)	$	0.05	$	1.85
Average shares outstanding (diluted)	7,998		8,028		8,039		8,036
Diluted (loss) earnings per share	$	(0.61)	$	(0.35)	$	0.05	$	1.84

The amounts reported above have been previously reported in the Company's quarterly reports on Form 10-Q.  Certain line items in those quarterly reports may not total the corresponding amount reported in this Form 10-K due to rounding.