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QUARTERLY INFORMATION (Unaudited)
 12 Months Ended
Dec. 31, 2014
QUARTERLY INFORMATION (Unaudited)  
QUARTERLY INFORMATION (Unaudited)

15.QUARTERLY INFORMATION (Unaudited)

 

Segment results by quarter for 2013 and 2012 are listed below (in millions, except per-share amounts):

 

 

 

Quarters During the Year Ended December 31, 2014

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue:

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$
294.6

 

$
321.1

 

$
329.5

 

$
333.2

 

Logistics

 
97.9

 
115.3

 
112.3

 
110.3

 

Total operating revenue

 

$
392.5

 

$
436.4

 

$
441.8

 

$
443.5

 

Operating Income:

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$
9.4

 

$
32.8

 

$
42.6

 

$
46.3

 

Logistics

 
0.5

 
2.9

 
2.4

 
3.1

 

Total operating income

 
9.9

 
35.7

 
45.0

 
49.4

 

Interest Expense

 
(4.1

)
(4.5

)
(4.4

)
(4.3

)

Income before Income Taxes

 
5.8

 
31.2

 
40.6

 
45.1

 

Income tax expense

 
(2.4

)
(13.1

)
(19.1

)
(17.3

)

Net Income

 

$
3.4

 

$
18.1

 

$
21.5

 

$
27.8

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

$
0.08

 

$
0.42

 

$
0.50

 

$
0.65

 

Diluted Earnings Per Share:

 

$
0.08

 

$
0.42

 

$
0.50

 

$
0.63

 

                                                                                                                                                                                           

 

 

Quarters During the Year Ended December 31, 2013

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Revenue:

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$
299.9

 

$
310.0

 

$
310.1

 

$
309.4

 

Logistics

 
94.8

 
106.6

 
104.9

 
101.5

 

Total operating revenue

 

$
394.7

 

$
416.6

 

$
415.0

 

$
410.9

 

Operating Income (loss):

 

 

 

 

 

 

 

 

 

Ocean Transportation

 

$
18.5

 

$
34.3

 

$
25.5

 

$
16.0

 

Logistics

 
0.2

 
2.2

 
1.7

 
1.9

 

Total operating income

 
18.7

 
36.5

 
27.2

 
17.9

 

Interest Expense

 
(3.7

)
(3.6

)
(3.6

)
(3.5

)

Income before Income Taxes

 
15.0

 
32.9

 
23.6

 
14.4

 

Income tax expense

 
(5.9

)
(12.8

)
(6.4

)
(7.1

)

Net Income

 

$
9.1

 

$
20.1

 

$
17.2

 

$
7.3

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

$
0.21

 

$
0.47

 

$
0.40

 

$
0.17

 

Diluted Earnings Per Share:

 

$
0.21

 

$
0.47

 

$
0.40

 

$
0.17