XML 79 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Comprehensive Income
12 Months Ended
Dec. 31, 2011
Comprehensive Income [Abstract]  
Comprehensive Income
(3) Comprehensive Income

The following table includes the components of comprehensive income attributable to Landstar System, Inc. and subsidiary for the fiscal years ended December 31, 2011, December 25, 2010 and December 26, 2009 (in thousands):

 

     Fiscal Year  
     2011     2010     2009  

Net income attributable to Landstar System, Inc. and subsidiary

   $ 113,007      $ 87,514      $ 70,395   

Unrealized holding gains on available-for-sale investments

     26        312        791   

Income tax expense on unrealized holding gains on available-for-sale investments

     (9     (111     (279
  

 

 

   

 

 

   

 

 

 

Net unrealized holding gains on available-for-sale investments

     17        201        512   

Foreign currency translation gains (losses)

     (171     182        547   
  

 

 

   

 

 

   

 

 

 

Comprehensive income attributable to Landstar System, Inc. and subsidiary

   $ 112,853      $ 87,897      $ 71,454   
  

 

 

   

 

 

   

 

 

 

The foreign currency translation loss during 2011 represents the unrealized net loss on the translation of the financial statements of the Company's Canadian operations. The foreign currency translation gains during 2010 and 2009 represent the unrealized net gain 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 December 31, 2011 of $727,000 represents the unrealized net gain on the translation of the financial statements of the Company's Canadian operations of $219,000 and the cumulative unrealized holding gains on available-for-sale investments, net of income taxes, of $508,000.