Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Data (Unaudited) (Tables)

v3.10.0.1
Selected Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Selected Quarterly Data (Unaudited)
The following table shows selected quarterly data for 2018 and 2017, in thousands, except earnings per share.
 
2018 Quarters
 
1st
 
2nd
 
3rd
 
4th
 
 
 
 
 
 
 
 
Revenues
$
176,897

 
$
170,394

 
$
168,931

 
$
180,996

Costs and operating expenses
$
165,304

 
$
156,539

 
$
154,934

 
$
167,911

Operating income (1)
$
11,593

 
$
13,855

 
$
15,697

 
$
13,085

Net income 
$
7,052

 
$
8,751

 
$
10,034

 
$
9,243

 
 
 
 
 
 
 
 
Basic earnings per share:
 

 
 

 
 

 
 

Net income 
$
0.65

 
$
0.80

 
$
0.92

 
$
0.85

Basic weighted average shares outstanding
10,861

 
10,881

 
10,881

 
10,882

 
 
 
 
 
 
 
 
Diluted earnings per share:
 

 
 

 
 

 
 

Net income 
$
0.65

 
$
0.80

 
$
0.92

 
$
0.84

Diluted weighted average shares outstanding
10,897

 
10,919

 
10,935

 
10,993


(1) Operating income for the third quarter of 2018 includes a $1.7 million gain from the sale of a contract.

 
2017 Quarters
 
1st
 
2nd
 
3rd
 
4th
 
 
 
 
 
 
 
 
Revenues
$
197,294

 
$
193,860

 
$
174,164

 
$
194,795

Costs and operating expenses
$
183,098

 
$
178,855

 
$
161,927

 
$
181,908

Operating income
$
14,196

 
$
15,005

 
$
12,237

 
$
12,887

Net income (1)
$
7,293

 
$
7,807

 
$
6,639

 
$
17,357

 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Net income (1)
$
0.67

 
$
0.72

 
$
0.61

 
$
1.60

Basic weighted average shares outstanding
10,823

 
10,838

 
10,838

 
10,838

 
 
 
 
 
 
 
 
Diluted earnings per share:
 

 
 

 
 

 
 

Net income (1)
$
0.67

 
$
0.72

 
$
0.61

 
$
1.59

Diluted weighted average shares outstanding
10,849

 
10,862

 
10,857

 
10,903



(1) For the fourth quarter of 2017 net income and basic and diluted earnings per share were affected by the Tax Cuts and Jobs Act. See Note 10 "Income Taxes" for additional information.