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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 4,664,298 $ 3,198,820 [1]
Operating Expenses:    
Directly related cost of transportation and other expenses [2] 3,516,111 2,247,284 [1]
Salaries and related 538,940 452,105
Rent and occupancy 50,928 45,280
Depreciation and amortization 12,975 12,987
Selling and promotion 4,048 3,070
Other 79,536 52,579
Total operating expenses 4,202,538 2,813,305
Operating income 461,760 385,515
Other Income (Expense):    
Interest income 1,892 1,946
Other, net 7,527 3,000
Other income, net 9,419 4,946
Earnings before income taxes 471,179 390,461
Income tax expense 121,699 102,511
Net earnings 349,480 287,950
Less net earnings attributable to the noncontrolling interest 3,371 730
Net earnings attributable to shareholders $ 346,109 $ 287,220
Diluted earnings attributable to shareholders per share $ 2.05 $ 1.67
Basic earnings attributable to shareholders per share $ 2.07 $ 1.70
Weighted average diluted shares outstanding 169,216 171,551
Weighted average basic shares outstanding 167,499 169,214
Airfreight services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,598,555 $ 1,325,915
Operating Expenses:    
Directly related cost of transportation and other expenses 1,142,546 954,544
Ocean freight and ocean services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 1,976,246 953,912
Operating Expenses:    
Directly related cost of transportation and other expenses 1,600,243 742,435
Customs brokerage and other services    
Revenues:    
Revenue from Contract with Customer, Excluding Assessed Tax 1,089,497 918,993
Operating Expenses:    
Directly related cost of transportation and other expenses $ 773,322 $ 550,305
[1] See Note 1 A, Summary of Significant Accounting Policies.
[2] 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.