XML 43 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2019
Dec. 29, 2018
Current Assets    
Cash and cash equivalents $ 284,434 $ 199,736
Short-term investments 31,596 40,058
Trade accounts receivable, less allowance of $7,296 and $6,413 598,415 691,604
Other receivables, including advances to independent contractors, less allowance of $8,593 and $6,216 25,384 23,744
Other current assets 30,921 16,287
Total current assets 970,750 971,429
Operating property, less accumulated depreciation and amortization of $274,000 and $250,153 270,430 284,032
Goodwill 38,232 38,232
Other assets 106,319 86,871
Total assets 1,385,731 1,380,564
Current Liabilities    
Cash overdraft 44,625 55,339
Accounts payable 285,442 314,134
Current maturities of long-term debt 39,375 43,561
Insurance claims 51,320 40,176
Accrued compensation 10,477 29,489
Contractor escrow 25,521 25,202
Other current liabilities 26,996 27,917
Total current liabilities 483,756 535,818
Long-term debt, excluding current maturities 61,390 84,864
Insurance claims 33,024 30,429
Deferred income taxes and other noncurrent liabilities 51,586 40,320
Equity    
Landstar System, Inc. and subsidiary shareholders' equity Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,072,834 and 67,870,926 shares 681 679
Additional paid-in capital 225,937 226,852
Retained earnings 1,998,362 1,841,279
Cost of 28,609,926 and 27,755,001 shares of common stock in treasury (1,465,284) (1,376,111)
Accumulated other comprehensive loss (3,721) (5,875)
Total Landstar System, Inc. and subsidiary shareholders' equity 755,975 686,824
Noncontrolling interest   2,309
Total equity 755,975 689,133
Total liabilities and equity $ 1,385,731 $ 1,380,564