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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Revenue $ 4,132,981 $ 4,084,577 $ 4,615,144
Investment income 3,399 5,041 3,816
Costs and expenses:      
Purchased transportation 3,192,850 3,127,474 3,569,961
Commissions to agents 340,780 342,226 378,002
Other operating costs, net of gains/losses on asset sales/dispositions 30,463 37,274 31,803
Insurance and claims 87,773 80,319 75,677
Selling, general and administrative 167,633 158,953 188,212
Depreciation and amortization 45,855 44,468 43,570
Impairment of intangible and other assets 2,582    
Commission program termination costs 15,494    
Total costs and expenses 3,883,430 3,790,714 4,287,225
Operating income 252,950 298,904 331,735
Interest and debt expense 3,953 3,141 3,354
Income before income taxes 248,997 295,763 328,381
Income taxes 56,891 68,060 73,168
Net income 192,106 227,703 255,213
Less: Net loss attributable to noncontrolling interest   (17) (68)
Net income attributable to Landstar System, Inc. and subsidiary $ 192,106 $ 227,720 $ 255,281
Earnings per common share attributable to Landstar System, Inc. and subsidiary $ 4.98 $ 5.72 $ 6.19
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 4.98 $ 5.72 $ 6.18
Average number of shares outstanding:      
Earnings per common share 38,602,000 39,786,000 41,273,000
Diluted earnings per share 38,602,000 39,786,000 41,310,000
Dividends per common share $ 2.79 $ 2.70 $ 0.63