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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Reconciliation of Average Number of Common Shares Outstanding to Average Number of Diluted Shares Outstanding

The following table provides a reconciliation of the average number of common shares outstanding used to calculate earnings per common share attributable to Landstar System, Inc. and subsidiary to the average number of common shares and common share equivalents outstanding used to calculate diluted earnings per share attributable to Landstar System, Inc. and subsidiary (in thousands):

 

     Thirty Nine Weeks Ended      Thirteen Weeks Ended  
     September 30,
2017
     September 24,
2016
     September 30,
2017
     September 24,
2016
 

Average number of common shares outstanding

     41,924        42,223        41,957        42,039  

Incremental shares from assumed exercises of stock options

     89        118        71        131  
  

 

 

    

 

 

    

 

 

    

 

 

 

Average number of common shares and common share equivalents outstanding

     42,013        42,341        42,028        42,170