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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,592,589 $ 4,664,298
Operating Expenses:    
Directly related cost of transportation and other expenses [1] 1,719,102 3,516,111
Salaries and related 449,848 538,940
Rent and occupancy 57,632 50,928
Depreciation and amortization 15,261 12,975
Selling and promotion 6,384 4,048
Other 68,393 79,536
Total operating expenses 2,316,620 4,202,538
Operating income 275,969 461,760
Other Income (Expense):    
Interest income 18,775 1,892
Interest Expense (2,645) (503)
Other, net 8,479 8,030
Other income, net 24,609 9,419
Earnings before income taxes 300,578 471,179
Income tax expense 74,580 121,699
Net earnings 225,998 349,480
Less net (losses) earnings attributable to the noncontrolling interest (13) 3,371
Net earnings attributable to shareholders $ 226,011 $ 346,109
Diluted earnings attributable to shareholders per share $ 1.45 $ 2.05
Basic earnings attributable to shareholders per share $ 1.47 $ 2.07
Weighted average diluted shares outstanding 155,472 169,216
Weighted average basic shares outstanding 154,164 167,499
Airfreight services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 904,903 $ 1,598,555
Operating Expenses:    
Directly related cost of transportation and other expenses 666,022 1,142,546
Ocean freight and ocean services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 697,307 1,976,246
Operating Expenses:    
Directly related cost of transportation and other expenses 483,682 1,600,243
Customs brokerage and other services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 990,379 1,089,497
Operating Expenses:    
Directly related cost of transportation and other expenses $ 569,398 $ 773,322
[1] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.