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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Revenue $ 4,084,577 $ 4,615,144 $ 3,646,364
Investment income 5,041 3,816 2,498
Costs and expenses:      
Purchased transportation 3,127,474 3,569,961 2,805,109
Commissions to agents 342,226 378,002 297,410
Other operating costs, net of gains on asset sales/dispositions 37,274 31,803 28,687
Insurance and claims 80,319 75,677 62,545
Selling, general and administrative 158,953 188,212 170,583
Depreciation and amortization 44,468 43,570 40,560
Total costs and expenses 3,790,714 4,287,225 3,404,894
Operating income 298,904 331,735 243,968
Interest and debt expense 3,141 3,354 3,166
Income before income taxes 295,763 328,381 240,802
Income taxes 68,060 73,168 63,806
Net income 227,703 255,213 176,996
Less: Net loss attributable to noncontrolling interest (17) (68) (92)
Net income attributable to Landstar System, Inc. and subsidiary $ 227,720 $ 255,281 $ 177,088
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 5.72 $ 6.19 $ 4.22
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 5.72 $ 6.18 $ 4.21
Average number of shares outstanding:      
Earnings per common share 39,786,000 41,273,000 41,938,000
Diluted earnings per share 39,786,000 41,310,000 42,024,000
Dividends per common share $ 2.70 $ 0.63 $ 1.88