| Selected Quarterly Data (Unaudited) |
The following table shows selected quarterly data for 2019 and 2018, in thousands, except earnings per share.
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2019 Quarters |
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1st |
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2nd |
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3rd |
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4th |
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Revenues |
$ |
169,919 |
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$ |
189,111 |
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$ |
198,326 |
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$ |
195,271 |
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Costs and operating expenses |
$ |
158,106 |
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$ |
172,695 |
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$ |
181,111 |
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$ |
180,458 |
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Operating income
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$ |
11,813 |
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$ |
16,416 |
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$ |
17,215 |
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$ |
14,813 |
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Net income
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$ |
6,603 |
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$ |
9,898 |
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$ |
10,527 |
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$ |
9,996 |
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Basic earnings per share: |
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Net income
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$ |
0.60 |
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$ |
0.90 |
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$ |
0.96 |
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$ |
0.92 |
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Basic weighted average shares outstanding |
10,920 |
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10,970 |
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10,970 |
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10,882 |
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Diluted earnings per share: |
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Net income
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$ |
0.60 |
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$ |
0.89 |
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$ |
0.95 |
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$ |
0.90 |
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Diluted weighted average shares outstanding |
10,974 |
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|
11,073 |
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|
11,060 |
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|
11,071 |
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2018 Quarters |
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1st |
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2nd |
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3rd |
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4th |
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Revenues |
$ |
176,897 |
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$ |
170,394 |
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$ |
168,931 |
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$ |
180,996 |
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Costs and operating expenses |
$ |
165,304 |
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$ |
156,539 |
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$ |
154,934 |
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$ |
167,911 |
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Operating income |
$ |
11,593 |
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$ |
13,855 |
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$ |
15,697 |
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$ |
13,085 |
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Net income (1)
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$ |
7,052 |
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$ |
8,751 |
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$ |
10,034 |
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$ |
9,243 |
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Basic earnings per share: |
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Net income (1)
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$ |
0.65 |
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$ |
0.80 |
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$ |
0.92 |
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$ |
0.85 |
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Basic weighted average shares outstanding |
10,861 |
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|
10,881 |
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10,881 |
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10,882 |
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Diluted earnings per share: |
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Net income
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$ |
0.65 |
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$ |
0.80 |
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$ |
0.92 |
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$ |
0.84 |
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Diluted weighted average shares outstanding |
10,897 |
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|
10,919 |
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10,935 |
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|
10,991 |
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(1) Operating income for the third quarter of 2018 includes a $1.7 million gain from the sale of a contract.
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