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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Revenue $ 1,033,000 $ 1,047,926
Investment income 1,138 861
Costs and expenses:    
Purchased transportation 791,755 810,297
Commissions to agents 85,671 82,125
Other operating costs, net of gains on asset sales/dispositions 8,239 7,604
Insurance and claims 14,993 17,360
Selling, general and administrative 41,268 45,251
Depreciation and amortization 11,316 10,997
Total costs and expenses 953,242 973,634
Operating income 80,896 75,153
Interest and debt expense 805 800
Income before income taxes 80,091 74,353
Income taxes 16,791 16,880
Net income 63,300 57,473
Less: Net loss attributable to noncontrolling interest (17) (44)
Net income attributable to Landstar System, Inc. and subsidiary $ 63,317 $ 57,517
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.58 $ 1.37
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.58 $ 1.37
Average number of shares outstanding:    
Earnings per common share 40,161,000 42,038,000
Diluted earnings per share 40,166,000 42,098,000
Dividends per common share $ 0.165 $ 0.150