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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Revenue $ 1,182,786 $ 870,434 $ 2,230,712 $ 1,651,342
Investment income 891 608 1,752 1,022
Costs and expenses:        
Purchased transportation 916,940 667,588 1,727,237 1,263,111
Commissions to agents 94,399 70,282 176,524 134,080
Other operating costs, net of gains on asset sales/dispositions 7,606 7,503 15,210 14,400
Insurance and claims 21,539 13,893 38,899 28,406
Selling, general and administrative 48,998 40,861 94,249 79,184
Depreciation and amortization 10,769 9,897 21,766 19,831
Total costs and expenses 1,100,251 810,024 2,073,885 1,539,012
Operating income 83,426 61,018 158,579 113,352
Interest and debt expense 839 819 1,639 1,902
Income before income taxes 82,587 60,199 156,940 111,450
Income taxes 20,095 22,689 36,975 41,557
Net income 62,492 37,510 119,965 69,893
Less: Net loss attributable to noncontrolling interest (31)   (75)  
Net income attributable to Landstar System, Inc. and subsidiary $ 62,523 $ 37,510 $ 120,040 $ 69,893
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.51 $ 0.89 $ 2.88 $ 1.67
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.51 $ 0.89 $ 2.87 $ 1.66
Average number of shares outstanding:        
Earnings per common share 41,450,000 41,935,000 41,744,000 41,907,000
Diluted earnings per share 41,491,000 42,010,000 41,795,000 42,004,000
Dividends per common share $ 0.15 $ 0.09 $ 0.30 $ 0.18