XML 39 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 9 Months Ended
Sep. 29, 2012
Sep. 24, 2011
Sep. 29, 2012
Sep. 24, 2011
Revenue $ 717,168 $ 684,013 $ 2,102,164 $ 1,931,560
Investment income 393 373 1,185 1,294
Costs and expenses:        
Purchased transportation 548,162 518,300 1,603,865 1,459,660
Commissions to agents 56,036 54,990 162,728 153,165
Other operating costs 6,447 6,427 17,635 22,050
Insurance and claims 8,010 9,381 28,411 34,096
Selling, general and administrative 37,455 39,206 113,916 112,252
Depreciation and amortization 7,072 6,549 20,476 19,336
Total costs and expenses 663,182 634,853 1,947,031 1,800,559
Operating income 54,379 49,533 156,318 132,295
Interest and debt expense 818 735 2,312 2,340
Income before income taxes 53,561 48,798 154,006 129,955
Income taxes 20,460 18,640 58,203 49,642
Net income 33,101 30,158 95,803 80,313
Less: Net loss attributable to noncontrolling interest       (62)
Net income attributable to Landstar System, Inc. and subsidiary $ 33,101 $ 30,158 $ 95,803 $ 80,375
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 0.71 $ 0.64 $ 2.05 $ 1.69
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 0.71 $ 0.64 $ 2.04 $ 1.68
Average number of shares outstanding:        
Earnings per common share 46,614,000 47,358,000 46,775,000 47,670,000
Diluted earnings per share 46,732,000 47,387,000 46,964,000 47,735,000
Dividends paid per common share $ 0.060 $ 0.055 $ 0.170 $ 0.155