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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Revenue $ 927,566 $ 1,033,000
Investment income 1,167 1,138
Costs and expenses:    
Purchased transportation 709,257 791,755
Commissions to agents 75,376 85,671
Other operating costs, net of gains on asset sales/dispositions 8,306 8,239
Insurance and claims 24,957 14,993
Selling, general and administrative 45,327 41,268
Depreciation and amortization 11,505 11,316
Total costs and expenses 874,728 953,242
Operating income 54,005 80,896
Interest and debt expense 952 805
Income before income taxes 53,053 80,091
Income taxes 12,158 16,791
Net income 40,895 63,300
Less: Net loss attributable to noncontrolling interest   (17)
Net income attributable to Landstar System, Inc. and subsidiary $ 40,895 $ 63,317
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.04 $ 1.58
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.04 $ 1.58
Average number of shares outstanding:    
Earnings per common share 39,254,000 40,161,000
Diluted earnings per share 39,254,000 40,166,000
Dividends per common share $ 0.185 $ 0.165