Quarterly Financial Data

12 Months Ended

Dec. 30, 2017

Quarterly Financial Data

QUARTERLY FINANCIAL DATA

(Dollars in thousands, except per share amounts)

(Unaudited)

	Fourth Quarter 2017			Third Quarter 2017			Second Quarter 2017		First Quarter 2017
Revenue	$	1,051,592		$	943,430		$	870,434	$	780,908
Operating income	$	70,049		$	60,567		$	61,018	$	52,334
Income before income taxes	$	69,442		$	59,910		$	60,199	$	51,251
Income taxes		4,759			17,490			22,689		18,868
Net income	$	64,683		$	42,420		$	37,510	$	32,383
Less: Net loss attributable to noncontrolling interest		(69	)		(23	)		—		—
Net income attributable to Landstar System, Inc. and subsidiary	$	64,752		$	42,443		$	37,510	$	32,383
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)	$	1.54		$	1.01		$	0.89	$	0.77
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)	$	1.54		$	1.01		$	0.89	$	0.77
Dividends per common share	$	1.60		$	0.10		$	0.09	$	0.09
	Fourth Quarter 2016			Third Quarter 2016			Second Quarter 2016		First Quarter 2016
Revenue	$	892,829		$	787,938		$	775,223	$	711,644
Operating income	$	63,765		$	58,461		$	53,093	$	47,932
Income before income taxes	$	62,696		$	57,513		$	52,205	$	47,043
Income taxes		23,122			21,235			19,891		17,859
Net income	$	39,574		$	36,278		$	32,314	$	29,184
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)	$	0.95		$	0.86		$	0.77	$	0.69
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)	$	0.94		$	0.86		$	0.76	$	0.69
Dividends per common share	$	0.09		$	0.09		$	0.08	$	0.08

(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.