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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Revenue $ 1,011,658 $ 1,202,081 $ 3,089,698 $ 3,432,793
Investment income 1,315 1,002 3,736 2,754
Costs and expenses:        
Purchased transportation 774,520 931,473 2,365,646 2,658,710
Commissions to agents 84,568 99,304 257,862 275,828
Other operating costs, net of gains/losses on asset sales/dispositions 10,431 8,966 28,531 24,176
Insurance and claims 23,969 18,819 55,248 57,718
Selling, general and administrative 38,152 46,699 120,717 140,948
Depreciation and amortization 10,695 10,754 33,045 32,520
Total costs and expenses 942,335 1,116,015 2,861,049 3,189,900
Operating income 70,638 87,068 232,385 245,647
Interest and debt expense 764 816 2,278 2,455
Income before income taxes 69,874 86,252 230,107 243,192
Income taxes 16,619 19,304 52,452 56,279
Net income 53,255 66,948 177,655 186,913
Less: Net loss attributable to noncontrolling interest   (37) (17) (112)
Net income attributable to Landstar System, Inc. and subsidiary $ 53,255 $ 66,985 $ 177,672 $ 187,025
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.35 $ 1.63 $ 4.45 $ 4.50
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.35 $ 1.63 $ 4.45 $ 4.50
Average number of shares outstanding:        
Earnings per common share 39,566,000 41,101,000 39,891,000 41,530,000
Diluted earnings per share 39,566,000 41,137,000 39,891,000 41,576,000
Dividends per common share $ 0.185 $ 0.165 $ 0.515 $ 0.465