XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Airfreight services $ 647,138 $ 620,374
Ocean freight and ocean services 469,224 445,479
Customs brokerage and other services 375,283 347,355
Total revenues 1,491,645 1,413,208
Operating Expenses:    
Airfreight services 482,882 464,919
Ocean freight and ocean services 367,375 344,923
Customs brokerage and other services 176,802 155,359
Salaries and related costs 255,942 248,417
Rent and occupancy costs 25,162 24,193
Depreciation and amortization 12,382 11,278
Selling and promotion 8,173 7,257
Other 27,724 28,344
Total operating expenses 1,356,442 1,284,690
Operating income 135,203 128,518
Other Income (Expense):    
Interest income 2,697 3,243
Other, net (281) 1,531
Other income, net 2,416 4,774
Earnings before income taxes 137,619 133,292
Income tax expense 53,424 52,682
Net earnings 84,195 80,610
Less net earnings attributable to the noncontrolling interest 371 295
Net earnings attributable to shareholders $ 83,824 $ 80,315
Diluted earnings attributable to shareholders per share $ 0.42 $ 0.39
Basic earnings attributable to shareholders per share $ 0.42 $ 0.39
Weighted average diluted shares outstanding 201,843,858 207,613,863
Weighted average basic shares outstanding 201,118,390 206,475,095