XML 53 R40.htm IDEA: XBRL DOCUMENT
v3.8.0.1

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) |
Schedule of unaudited quarterly financial information |
|  | 2017 |
|  | First |  | Second |  | Third |  | Fourth |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
|  | (in thousands, except share and per share data) |
Revenues |  | $ | 651,088 |  | $ | 720,368 |  | $ | 744,280 |  | $ | 710,721 |
Operating expenses |  |  | 663,341 |  |  | 695,634 |  |  | 719,931 |  |  | 694,041 |
Operating income (loss) |  |  | (12,253) |  |  | 24,734 |  |  | 24,349 |  |  | 16,680 |
Other income (costs) |  |  | (394) |  |  | (599) |  |  | (281) |  |  | (660) |
Income tax provision (benefit)(1) |  |  | (5,240) |  |  | 8,358 |  |  | 9,280 |  |  | (20,548) |
Net income (loss)(1) |  | $ | (7,407) |  | $ | 15,777 |  | $ | 14,788 |  | $ | 36,568 |
Earnings (loss) per common share(1)(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.29) |  | $ | 0.61 |  | $ | 0.57 |  | $ | 1.42 |
Diluted(1) |  | $ | (0.29) |  | $ | 0.60 |  | $ | 0.56 |  | $ | 1.37 |
Average common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 25,684,475 |  |  | 25,767,791 |  |  | 25,671,535 |  |  | 25,637,568 |
Diluted |  |  | 25,684,475 |  |  | 26,291,641 |  |  | 26,393,359 |  |  | 26,540,716 |
|  | 2016 |
|  | First |  | Second |  | Third |  | Fourth |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
|  | (in thousands, except share and per share data) |
Revenues |  | $ | 621,455 |  | $ | 676,627 |  | $ | 713,923 |  | $ | 688,214 |
Operating expenses(3) |  |  | 630,720 |  |  | 659,973 |  |  | 693,553 |  |  | 687,003 |
Operating income (loss)(3) |  |  | (9,265) |  |  | 16,654 |  |  | 20,370 |  |  | 1,211 |
Other income (costs) |  |  | (480) |  |  | (273) |  |  | 185 |  |  | (115) |
Income tax provision (benefit) |  |  | (3,642) |  |  | 6,150 |  |  | 7,615 |  |  | (488) |
Net income (loss)(3) |  | $ | (6,103) |  | $ | 10,231 |  | $ | 12,940 |  | $ | 1,584 |
Earnings (loss) per common share(2) |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.24) |  | $ | 0.39 |  | $ | 0.50 |  | $ | 0.06 |
Diluted(3) |  | $ | (0.24) |  | $ | 0.39 |  | $ | 0.49 |  | $ | 0.06 |
Average common shares outstanding |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 25,822,522 |  |  | 25,791,026 |  |  | 25,724,550 |  |  | 25,669,280 |
Diluted |  |  | 25,822,522 |  |  | 26,246,868 |  |  | 26,211,524 |  |  | 26,272,487 |
| (1) |  | Fourth quarter 2017 includes a provisional tax benefit of $25.8 million, or $0.97 per diluted share, as a result of recognizing a reasonable estimate of the tax effects of the Tax Cuts and Jobs Act. See Note E.
| (2) |  | The Company uses the two-class method for calculating earnings per share. See Note L.
| (3) |  | Fourth quarter 2016 includes restructuring charges of $10.3 million (pre-tax), or $6.3 million (after-tax) and $0.24 per diluted share.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration