XML 43 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Note 21 - Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
21.
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
 
The tables below present quarterly financial information for
2018
and
2017:
 
   
201
8
  
   
Three Months Ended
  
   
March 31
    
June 30
    
September 30
    
December 31
  
   
(in thousands, except per share data)
  
                                 
Operating revenues
   $
119,458
     $
135,302
     $
140,325
     $
138,176
  
Operating expenses and costs
    
115,702
      
125,285
      
127,172
      
123,500
  
                                 
Operating income
    
3,756
      
10,017
      
13,153
      
14,676
  
Non-operating (loss) income
    
(879
 )    
632
      
935
      
(4,704
 )
Interest expense
    
(1,160
 )    
(1,355
 )    
(1,711
 )    
(2,019
 )
Income tax (expense) benefit
    
(330
 )    
(2,005
 )    
(3,129
 )    
(1,883
 )
                                 
Net income
   $
1,387
     $
7,289
     $
9,248
     $
6,070
  
                                 
Net income per common share:
                                
Basic
   $
0.22
     $
1.18
     $
1.53
     $
1.02
  
Diluted
   $
0.22
     $
1.17
     $
1.52
     $
1.01
  
                                 
Average common shares outstanding:
                                
Basic
    
6,168
      
6,159
      
6,034
      
5,975
  
Diluted
    
6,264
      
6,229
      
6,088
      
6,029
  
 
   
201
7
  
   
Three Months Ended
  
   
March 31
    
June 30
    
September 30
    
December 31
  
   
(in thousands, except per share data)
  
                                 
Operating revenues
   $
109,405
     $
108,646
     $
108,899
     $
110,888
  
Operating expenses and costs
    
106,743
      
105,748
      
105,131
      
107,536
  
                                 
Operating income
    
2,662
      
2,898
      
3,768
      
3,352
  
Non-operating income
    
2,052
      
650
      
2,767
      
384
  
Interest expense
    
(977
 )    
(935
 )    
(920
 )    
(1,070
 )
Income tax expense
    
(1,454
 )    
(1,004
 )    
(2,169
 )    
28,895
  
                                 
Net income
   $
2,283
     $
1,609
     $
3,446
     $
31,561
  
                                 
Net income per common share:
                                
Basic
   $
0.36
     $
0.25
     $
0.54
     $
5.07
  
Diluted
   $
0.36
     $
0.25
     $
0.54
     $
5.00
  
                                 
Average common shares outstanding:
                                
Basic
    
6,399
      
6,381
      
6,326
      
6,219
  
Diluted
    
6,425
      
6,430
      
6,373
      
6,312