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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Revenue $ 1,202,081 $ 943,430 $ 3,432,793 $ 2,594,772
Investment income 1,002 711 2,754 1,733
Costs and expenses:        
Purchased transportation 931,473 726,827 2,658,710 1,989,938
Commissions to agents 99,304 76,598 275,828 210,678
Other operating costs, net of gains on asset sales/dispositions 8,966 8,097 24,176 22,497
Insurance and claims 18,819 17,927 57,718 46,333
Selling, general and administrative 46,699 43,995 140,948 123,179
Depreciation and amortization 10,754 10,130 32,520 29,961
Total costs and expenses 1,116,015 883,574 3,189,900 2,422,586
Operating income 87,068 60,567 245,647 173,919
Interest and debt expense 816 657 2,455 2,559
Income before income taxes 86,252 59,910 243,192 171,360
Income taxes 19,304 17,490 56,279 59,047
Net income 66,948 42,420 186,913 112,313
Less: Net loss attributable to noncontrolling interest (37) (23) (112) (23)
Net income attributable to Landstar System, Inc. and subsidiary $ 66,985 $ 42,443 $ 187,025 $ 112,336
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.63 $ 1.01 $ 4.50 $ 2.68
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.63 $ 1.01 $ 4.50 $ 2.67
Average number of shares outstanding:        
Earnings per common share 41,101,000 41,957,000 41,530,000 41,924,000
Diluted earnings per share 41,137,000 42,028,000 41,576,000 42,013,000
Dividends per common share $ 0.165 $ 0.100 $ 0.465 $ 0.280