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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 25, 2011
Dec. 25, 2010
Current Assets    
Cash and cash equivalents $ 39,544 $ 44,706
Short-term investments 30,489 23,266
Trade accounts receivable, less allowance of $4,155 and $5,324 385,540 307,350
Other receivables, including advances to independent contractors, less allowance of $4,987 and $5,511 25,493 23,943
Deferred income taxes and other current assets 21,008 21,652
Total current assets 502,074 420,917
Operating property, less accumulated depreciation and amortization of $146,476 and $137,830 123,895 132,649
Goodwill 57,470 57,470
Other assets 60,873 72,846
Total assets 744,312 683,882
Current Liabilities    
Cash overdraft 26,347 24,877
Accounts payable 175,325 137,297
Current maturities of long-term debt 17,260 22,172
Insurance claims 44,442 40,215
Other current liabilities 53,077 53,785
Total current liabilities 316,451 278,346
Long-term debt, excluding current maturities 93,894 99,439
Insurance claims 31,273 31,468
Deferred income taxes 20,214 23,662
Landstar System, Inc. and subsidiary shareholders' equity    
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 66,589,780 and 66,535,169 shares 666 665
Additional paid-in capital 163,355 169,268
Retained earnings 889,561 844,132
Cost of 18,872,652 and 18,674,902 shares of common stock in treasury (772,489) (763,182)
Accumulated other comprehensive income 1,387 881
Total Landstar System, Inc. and subsidiary shareholders' equity 282,480 251,764
Noncontrolling interest   (797)
Total equity 282,480 250,967
Total liabilities and equity $ 744,312 $ 683,882