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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,357,540 $ 1,901,864
Operating Expenses:    
Direct Operating Costs [1] 2,406,004 1,286,728
Salaries and related 452,105 342,040
Rent and occupancy 45,280 42,524
Depreciation and amortization 12,987 12,660
Selling and promotion 3,070 8,243
Other 52,579 50,614
Total operating expenses 2,972,025 1,742,809
Operating income 385,515 159,055
Other Income (Expense):    
Interest income 1,946 4,807
Other, net 3,000 3,384
Other income, net 4,946 8,191
Earnings before income taxes 390,461 167,246
Income tax expense 102,511 44,464
Net earnings 287,950 122,782
Less net earnings attributable to the noncontrolling interest 730 438
Net earnings attributable to shareholders $ 287,220 $ 122,344
Diluted earnings attributable to shareholders per share $ 1.67 $ 0.71
Basic earnings attributable to shareholders per share $ 1.70 $ 0.73
Weighted average diluted shares outstanding 171,551 171,450
Weighted average basic shares outstanding 169,214 168,735
Airfreight services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,476,961 $ 709,039
Operating Expenses:    
Direct Operating Costs 1,105,590 520,169
Ocean freight and ocean services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 958,178 493,427
Operating Expenses:    
Direct Operating Costs 746,701 366,483
Customs brokerage and other services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 922,401 699,398
Operating Expenses:    
Direct Operating Costs $ 553,713 $ 400,076
[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.