Comprehensive Income

9 Months Ended

Sep. 24, 2011

Comprehensive Income

Comprehensive Income

(8) Comprehensive Income

The following table includes the components of comprehensive income attributable to Landstar System, Inc. and subsidiary for the thirty-nine-week and thirteen-week periods ended September 24, 2011 and September 25, 2010 (in thousands):

	Thirty Nine Weeks Ended						Thirteen Weeks Ended
	September 24, 2011			September 25, 2010			September 24, 2011			September 25, 2010
Net income attributable to Landstar System, Inc. and subsidiary	$	80,375		$	63,415		$	30,158		$	21,802
Unrealized holding gains (losses) on available-for-sale investments		230			948			(224	)		752
Income tax benefit (expense) on unrealized holding gains (losses) on available-for-sale investments		(82	)		(336	)		79			(266	)
Net unrealized holding gains (losses) on available-for-sale investments		148			612			(145	)		486
Foreign currency translation gains (losses)		169			71			(44	)		14
Comprehensive income attributable to Landstar System, Inc. and subsidiary	$	80,692		$	64,098		$	29,969		$	22,302

The foreign currency translation gain (loss) for each period represents the unrealized net gain (loss) on the translation of the financial statements of the Company's Canadian operations. Accumulated other comprehensive income as reported as a component of equity at September 24, 2011 of $1,198,000 represents the unrealized net gain on the translation of the financial statements of the Company's Canadian operations of $559,000 and the cumulative unrealized holding gains on available-for-sale investments, net of income taxes, of $639,000.