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Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Airfreight services$ 736,946$ 751,555$ 2,187,730$ 2,043,819
Ocean freight and ocean services510,521599,2801,437,4931,474,137
Customs brokerage and other services358,901316,7241,023,361867,482
Total revenues1,606,3681,667,5594,648,5844,385,438
Operating Expenses:    
Airfreight consolidation558,047578,9241,658,9631,577,289
Ocean freight consolidation392,249488,8081,109,6031,190,627
Customs brokerage and other services162,226141,084459,696378,098
Salaries and related costs258,512235,357745,441656,310
Rent and occupancy costs21,35219,29564,08757,221
Depreciation and amortization9,1999,08527,63027,590
Selling and promotion9,3427,87728,52722,462
Other31,68327,50891,37477,183
Total operating expenses1,442,6101,507,9384,185,3213,986,780
Operating income163,758159,621463,263398,658
Other Income (Expense):    
Interest income2,8881,6797,5204,938
Interest expense(279)(140)(722)(378)
Other, net10,792(1,666)12,7669,231
Other income (expense), net13,401(127)19,56413,791
Earnings before income taxes177,159159,494482,827412,449
Income tax expense70,28363,456189,724164,692
Net earnings106,87696,038293,103247,757
Less: net earnings (losses) attributable to the noncontrolling interest272(67)26787
Net earnings attributable to shareholders$ 106,604$ 96,105$ 292,836$ 247,670
Diluted earnings attributable to shareholders per share$ 0.50$ 0.44$ 1.36$ 1.14
Basic earnings attributable to shareholders per share$ 0.50$ 0.45$ 1.38$ 1.17
Dividends declared and paid per common share$ 0.00$ 0.00$ 0.25$ 0.20
Weighted average diluted shares outstanding214,717,451216,342,380215,376,675216,497,838
Weighted average basic shares outstanding212,256,119212,392,286212,160,994212,306,521