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QUARTERLY INFORMATION (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2020
QUARTERLY INFORMATION (Unaudited) |
Schedule of quarterly financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarters in the Year Ended December 31, 2020 |
(In millions, except per share amounts) |  | Q1 |  | Q2 |  | Q3 |  | Q4 |
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 400.9 | ​ | $ | 410.8 | ​ | $ | 498.3 | ​ | $ | 543.9 | ​
Logistics | ​ |  | 113.0 | ​ |  | 113.3 | ​ |  | 146.9 | ​ |  | 156.2 | ​
Total Operating Revenue | ​ | $ | 513.9 | ​ | $ | 524.1 | ​ | $ | 645.2 | ​ | $ | 700.1 | ​
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 7.9 | ​ | $ | 42.3 | ​ | $ | 86.5 | ​ | $ | 108.1 | ​
Logistics | ​ |  | 5.1 | ​ |  | 8.9 | ​ |  | 11.9 | ​ |  | 9.6 | ​
Total Operating Income | ​ |  | 13.0 | ​ |  | 51.2 | ​ |  | 98.4 | ​ |  | 117.7 | ​
Interest expense, net | ​ |  | (8.6) | ​ |  | (8.2) | ​ |  | (5.7) | ​ |  | (4.9) | ​
Other income (expense), net | ​ | ​ | 0.6 | ​ | ​ | 1.5 | ​ | ​ | 2.4 | ​ | ​ | 1.6 | ​
Income before Income Taxes | ​ |  | 5.0 | ​ |  | 44.5 | ​ |  | 95.1 | ​ |  | 114.4 | ​
Income Taxes | ​ |  | (1.2) | ​ |  | (11.7) | ​ |  | (24.2) | ​ |  | (28.8) | ​
Net Income | ​ | $ | 3.8 | ​ | $ | 32.8 | ​ | $ | 70.9 | ​ | $ | 85.6 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic Earnings Per Share: | ​ | $ | 0.09 | ​ | $ | 0.76 | ​ | $ | 1.65 | ​ | $ | 1.99 | ​
Diluted Earnings Per Share: | ​ | $ | 0.09 | ​ | $ | 0.76 | ​ | $ | 1.63 | ​ | $ | 1.96 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarters in the Year Ended December 31, 2019 |
(In millions, except per share amounts) |  | Q1 |  | Q2 |  | Q3 |  | Q4 |
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 397.9 | ​ | $ | 415.4 | ​ | $ | 437.2 | ​ | $ | 416.1 | ​
Logistics | ​ |  | 134.5 | ​ |  | 142.5 | ​ |  | 134.9 | ​ |  | 124.6 | ​
Total Operating Revenue | ​ | $ | 532.4 | ​ | $ | 557.9 | ​ | $ | 572.1 | ​ | $ | 540.7 | ​
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 9.4 | ​ | $ | 19.7 | ​ | $ | 43.9 | ​ | $ | 17.8 | ​
Logistics | ​ |  | 8.1 | ​ |  | 11.3 | ​ |  | 11.3 | ​ |  | 7.6 | ​
Total Operating Income | ​ |  | 17.5 | ​ |  | 31.0 | ​ |  | 55.2 | ​ |  | 25.4 | ​
Interest expense, net | ​ |  | (4.6) | ​ |  | (6.1) | ​ |  | (6.2) | ​ |  | (5.6) | ​
Other income (expense), net | ​ | ​ | 0.6 | ​ | ​ | 0.8 | ​ | ​ | (0.5) | ​ | ​ | 0.3 | ​
Income before Income Taxes | ​ |  | 13.5 | ​ |  | 25.7 | ​ |  | 48.5 | ​ |  | 20.1 | ​
Income Taxes | ​ |  | (1.0) | ​ |  | (7.3) | ​ |  | (12.3) | ​ |  | (4.5) | ​
Net Income | ​ | $ | 12.5 | ​ | $ | 18.4 | ​ | $ | 36.2 | ​ | $ | 15.6 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic Earnings Per Share: | ​ | $ | 0.29 | ​ | $ | 0.43 | ​ | $ | 0.84 | ​ | $ | 0.36 | ​
Diluted Earnings Per Share: | ​ | $ | 0.29 | ​ | $ | 0.43 | ​ | $ | 0.84 | ​ | $ | 0.36 | ​
​
Schedule of infrequent transactions impacting the segment results | The following infrequent transactions impacted the Company’s quarterly segment results during the year ended December 31, 2019. There were no infrequent transactions recorded during the year ended December 31, 2020. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarters in the Year Ended December 31, 2019 |
(In millions) |  | Q1 |  | Q2 |  | Q3 |  | Q4 |
Income taxes - Discrete adjustments related to the Tax Act (1) | ​ | $ | 2.9 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​
(1) | Amounts relate to discrete adjustments as a result of applying the Tax Act during the year ended December 31, 2019.

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