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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenue $ 1,045,040 $ 1,182,786 $ 2,078,040 $ 2,230,712
Investment income 1,283 891 2,421 1,752
Costs and expenses:        
Purchased transportation 799,371 916,940 1,591,126 1,727,237
Commissions to agents 87,623 94,399 173,294 176,524
Other operating costs, net of gains on asset sales/dispositions 9,861 7,606 18,100 15,210
Insurance and claims 16,286 21,539 31,279 38,899
Selling, general and administrative 41,297 48,998 82,565 94,249
Depreciation and amortization 11,034 10,769 22,350 21,766
Total costs and expenses 965,472 1,100,251 1,918,714 2,073,885
Operating income 80,851 83,426 161,747 158,579
Interest and debt expense 709 839 1,514 1,639
Income before income taxes 80,142 82,587 160,233 156,940
Income taxes 19,042 20,095 35,833 36,975
Net income 61,100 62,492 124,400 119,965
Less: Net loss attributable to noncontrolling interest 0 (31) (17) (75)
Net income attributable to Landstar System, Inc. and subsidiary $ 61,100 $ 62,523 $ 124,417 $ 120,040
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.53 $ 1.51 $ 3.11 $ 2.88
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.53 $ 1.51 $ 3.11 $ 2.87
Average number of shares outstanding:        
Earnings per common share 39,945,000 41,450,000 40,053,000 41,744,000
Diluted earnings per share 39,945,000 41,491,000 40,053,000 41,795,000
Dividends per common share $ 0.165 $ 0.150 $ 0.330 $ 0.300