Quarterly Financial Data (Tables)

12 Months Ended

Dec. 26, 2015

Quarterly Financial Data

LANDSTAR SYSTEM, INC. AND SUBSIDIARY

QUARTERLY FINANCIAL DATA

(Dollars in thousands, except per share amounts)

(Unaudited)

	Fourth Quarter 2015		Third Quarter 2015		Second Quarter 2015		First Quarter 2015
Revenue	$	848,602	$	841,726	$	868,383	$	762,380
Operating income	$	62,648	$	63,980	$	66,033	$	49,045
Income before income taxes	$	61,907	$	63,266	$	65,320	$	48,264
Income taxes		24,052		23,918		24,849		18,249
Net income	$	37,855	$	39,348	$	40,471	$	30,015
Earnings per common share(1)	$	0.89	$	0.91	$	0.92	$	0.67
Diluted earnings per share(1)	$	0.88	$	0.90	$	0.92	$	0.67
Dividends per common share	$	0.08	$	0.08	$	0.07	$	0.07
	Fourth Quarter 2014		Third Quarter 2014		Second Quarter 2014		First Quarter 2014
Revenue	$	862,830	$	819,320	$	814,443	$	688,197
Operating income	$	61,209	$	59,577	$	58,572	$	45,014
Income before income taxes	$	60,292	$	58,803	$	57,854	$	44,246
Income taxes		21,801		22,048		21,929		16,608
Net income	$	38,491	$	36,755	$	35,925	$	27,638
Earnings per common share(1)	$	0.86	$	0.82	$	0.80	$	0.61
Diluted earnings per share(1)	$	0.86	$	0.82	$	0.80	$	0.61
Dividends per common share	$	1.07	$	0.07	$	0.06	$	0.06

(1) Due to the changes in the number of average common shares and common stock equivalents outstanding during the year, the sum of earnings per share amounts for each quarter do not necessarily sum in the aggregate to the earnings per share amounts for the full year.