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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,090,947 $ 1,802,166 $ 5,902,768 $ 5,019,577
Operating Expenses:        
Salaries and related costs 351,577 319,050 1,042,420 930,159
Rent and occupancy costs 38,202 30,533 113,186 87,826
Depreciation and amortization 13,335 12,272 40,833 36,241
Selling and promotion 10,632 10,608 32,385 32,476
Other 44,414 39,784 131,318 102,429
Total operating expenses 1,887,793 1,615,271 5,323,212 4,518,328
Operating income 203,154 186,895 579,556 501,249
Other Income (Expense):        
Interest income 4,704 3,444 14,171 9,565
Other, net 566 96 2,357 2,584
Other income (expense), net 5,270 3,540 16,528 12,149
Earnings before income taxes 208,424 190,435 596,084 513,398
Income tax expense 45,357 69,829 155,871 190,470
Net earnings 163,067 120,606 440,213 322,928
Less net earnings attributable to the noncontrolling interest 375 343 1,224 550
Net earnings attributable to shareholders $ 162,692 $ 120,263 $ 438,989 $ 322,378
Diluted earnings attributable to shareholders per share $ 0.92 $ 0.66 $ 2.46 $ 1.77
Basic earnings attributable to shareholders per share 0.94 0.67 2.51 1.79
Dividends declared and paid per common share $ 0.00 $ 0.00 $ 0.45 $ 0.42
Weighted average diluted shares outstanding 177,173 181,788 178,447 181,951
Weighted average basic shares outstanding 173,394 179,416 174,675 179,827
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 833,338 $ 735,164 $ 2,366,326 $ 2,022,577
Operating Expenses:        
Direct Operating Costs 620,554 547,595 1,727,383 1,490,417
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 585,810 563,386 1,636,701 1,585,730
Operating Expenses:        
Direct Operating Costs 435,313 411,061 1,199,887 1,163,051
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 671,799 503,616 1,899,741 1,411,270
Operating Expenses:        
Direct Operating Costs $ 373,766 $ 244,368 $ 1,035,800 $ 675,729