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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenue $ 1,085,546 $ 1,011,658 $ 2,836,626 $ 3,089,698
Investment income 714 1,315 2,716 3,736
Costs and expenses:        
Purchased transportation 838,753 774,520 2,183,143 2,365,646
Commissions to agents 85,848 84,568 236,490 257,862
Other operating costs, net of gains/losses on asset sales/dispositions 7,361 10,431 23,035 28,531
Insurance and claims 21,855 23,969 66,563 55,248
Selling, general and administrative 38,851 38,152 124,779 120,717
Depreciation and amortization 11,240 10,695 34,212 33,045
Impairment of intangible and other assets     2,582  
Total costs and expenses 1,003,908 942,335 2,670,804 2,861,049
Operating income 82,352 70,638 168,538 232,385
Interest and debt expense 1,008 764 2,936 2,278
Income before income taxes 81,344 69,874 165,602 230,107
Income taxes 19,458 16,619 38,567 52,452
Net income 61,886 53,255 127,035 177,655
Less: Net loss attributable to noncontrolling interest       (17)
Net income attributable to Landstar System, Inc. and subsidiary $ 61,886 $ 53,255 $ 127,035 $ 177,672
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 1.61 $ 1.35 $ 3.28 $ 4.45
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 1.61 $ 1.35 $ 3.28 $ 4.45
Average number of shares outstanding:        
Earnings per common share 38,386,000 39,566,000 38,673,000 39,891,000
Diluted earnings per share 38,386,000 39,566,000 38,673,000 39,891,000
Dividends per common share $ 0.210 $ 0.185 $ 0.580 $ 0.515