XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 25, 2011
Jun. 30, 2012
Jun. 25, 2011
Revenue $ 735,973 $ 675,561 $ 1,384,996 $ 1,247,547
Investment income 405 393 792 921
Costs and expenses:        
Purchased transportation 562,781 509,982 1,055,703 941,360
Commissions to agents 56,460 54,004 106,692 98,175
Other operating costs 4,716 7,679 11,188 15,623
Insurance and claims 9,306 13,449 20,401 24,715
Selling, general and administrative 37,662 35,782 76,461 73,046
Depreciation and amortization 6,664 6,388 13,404 12,787
Total costs and expenses 677,589 627,284 1,283,849 1,165,706
Operating income 58,789 48,670 101,939 82,762
Interest and debt expense 770 777 1,494 1,605
Income before income taxes 58,019 47,893 100,445 81,157
Income taxes 22,164 18,295 37,743 31,002
Net income 35,855 29,598 62,702 50,155
Less: Net loss attributable to noncontrolling interest       (62)
Net income attributable to Landstar System, Inc. and subsidiary $ 35,855 $ 29,598 $ 62,702 $ 50,217
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 0.76 $ 0.62 $ 1.34 $ 1.05
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 0.76 $ 0.62 $ 1.33 $ 1.05
Average number of shares outstanding:        
Earnings per common share 46,915,000 47,782,000 46,856,000 47,826,000
Diluted earnings per share 47,104,000 47,912,000 47,083,000 47,907,000
Dividends paid per common share $ 0.055 $ 0.050 $ 0.110 $ 0.100