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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Sep. 30, 2017
Sep. 24, 2016
Revenue $ 943,430 $ 787,938 $ 2,594,772 $ 2,274,805
Investment income 711 357 1,733 1,100
Costs and expenses:        
Purchased transportation 726,827 601,002 1,989,938 1,730,745
Commissions to agents 76,598 65,144 210,678 189,075
Other operating costs, net of gains on asset sales/dispositions 8,097 7,492 22,497 21,484
Insurance and claims 17,927 12,488 46,333 42,795
Selling, general and administrative 43,995 34,692 123,179 106,211
Depreciation and amortization 10,130 9,016 29,961 26,109
Total costs and expenses 883,574 729,834 2,422,586 2,116,419
Operating income 60,567 58,461 173,919 159,486
Interest and debt expense 657 948 2,559 2,725
Income before income taxes 59,910 57,513 171,360 156,761
Income taxes 17,490 21,235 59,047 58,985
Net income 42,420 36,278 112,313 97,776
Less: Net loss attributable to noncontrolling interest (23)   (23)  
Net income attributable to Landstar System, Inc. and subsidiary $ 42,443 $ 36,278 $ 112,336 $ 97,776
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.01 $ 0.86 $ 2.68 $ 2.32
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.01 $ 0.86 $ 2.67 $ 2.31
Average number of shares outstanding:        
Earnings per common share 41,957,000 42,039,000 41,924,000 42,223,000
Diluted earnings per share 42,028,000 42,170,000 42,013,000 42,341,000
Dividends per common share $ 0.10 $ 0.09 $ 0.28 $ 0.25