Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (Unaudited)

NOTE 11. QUARTERLY RESULTS (UNAUDITED)

	1st		2nd		3rd		4th
2019
Revenues1	$	2,020,051		2,035,579		2,074,855		2,044,941
Operating income1		187,601		192,201		206,550		180,340
Net earnings		140,111		153,530		160,627		137,748
Net earnings attributable to shareholders		139,699		153,149		160,221		137,326
Diluted earnings attributable to shareholders per share		0.80		0.88		0.92		0.79
Basic earnings attributable to shareholders per share		0.81		0.90		0.94		0.81
2018
Revenues1	$	1,854,262		1,957,559		2,090,947		2,235,597
Operating income1		192,818		183,584		203,154		217,007
Net earnings		136,200		140,946		163,067		179,577
Net earnings attributable to shareholders		135,692		140,605		162,692		179,210
Diluted earnings attributable to shareholders per share		0.76		0.79		0.92		1.02
Basic earnings attributable to shareholders per share		0.77		0.80		0.94		1.04

The sum of quarterly per share data may not equal the per share total reported for the year.

¹ The fourth quarter of 2019 was significantly impacted by declines in results in our China operations due to the slowing of trade to and from China, which impacted overall freight movement around the globe. The Company’s consolidated financial results are expected to be further impacted in 2020 due to the significance of its China operations and the effects of the recent outbreak of the Novel Coronavirus (COVID-19). See Note 12 for further detail. In the fourth quarter 2019 and 2018, the People's Republic of China, including Hong Kong, represented 25% and 31%, respectively, of the Company’s total revenues and 25% and 27%, respectively, of the Company’s total operating income.