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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Airfreight services $ 693,812 $ 667,257 $ 1,401,256 $ 1,314,395
Ocean freight and ocean services 576,772 536,438 1,142,489 1,005,662
Customs brokerage and other services 420,969 395,446 825,334 770,729
Total revenues 1,691,553 1,599,141 3,369,079 3,090,786
Operating Expenses:        
Airfreight services 506,988 503,213 1,019,989 986,095
Ocean freight and ocean services 433,356 423,716 878,812 791,091
Customs brokerage and other services 199,068 187,498 388,651 364,300
Salaries and related costs 287,065 260,767 565,943 516,709
Rent and occupancy costs 24,971 25,401 50,359 50,563
Depreciation and amortization 11,420 12,417 22,949 24,799
Selling and promotion 10,529 9,291 19,776 17,464
Other 35,440 34,395 71,001 62,119
Total operating expenses 1,508,837 1,456,698 3,017,480 2,813,140
Operating income 182,716 142,443 351,599 277,646
Other Income (Expense):        
Interest income 2,636 2,764 5,368 5,461
Other, net 3,804 3,190 3,838 2,909
Other income, net 6,440 5,954 9,206 8,370
Earnings before income taxes 189,156 148,397 360,805 286,016
Income tax expense 70,827 56,669 135,144 110,093
Net earnings 118,329 91,728 225,661 175,923
Less net earnings attributable to the noncontrolling interest 569 426 1,197 797
Net earnings attributable to shareholders $ 117,760 $ 91,302 $ 224,464 $ 175,126
Diluted earnings attributable to shareholders per share $ 0.61 $ 0.46 $ 1.17 $ 0.88
Basic earnings attributable to shareholders per share 0.62 0.46 1.17 0.88
Dividends declared and paid per common share $ 0.36 $ 0.32 $ 0.36 $ 0.32
Weighted average diluted shares outstanding 191,917,973 197,126,243 192,425,521 199,482,932
Weighted average basic shares outstanding 190,679,008 196,451,912 191,150,758 198,772,260