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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Revenue $ 6,537,568 $ 4,132,981 $ 4,084,577
Investment income 2,857 3,399 5,041
Costs and expenses:      
Purchased transportation 5,114,667 3,192,850 3,127,474
Commissions to agents 507,209 340,780 342,226
Other operating costs, net of gains on asset sales/dispositions 36,531 30,463 37,274
Insurance and claims 105,463 87,773 80,319
Selling, general and administrative 221,278 167,633 158,953
Depreciation and amortization 49,609 45,855 44,468
Impairment of intangible and other assets 0 2,582 0
Commission program termination costs 0 15,494 0
Total costs and expenses 6,034,757 3,883,430 3,790,714
Operating income 505,668 252,950 298,904
Interest and debt expense 3,976 3,953 3,141
Income before income taxes 501,692 248,997 295,763
Income taxes 120,168 56,891 68,060
Net income 381,524 192,106 227,703
Less: Net loss attributable to noncontrolling interest 0 0 (17)
Net income attributable to Landstar System, Inc. and subsidiary $ 381,524 $ 192,106 $ 227,720
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary $ 9.98 $ 4.98 $ 5.72
Average diluted shares outstanding 38,235,000 38,602,000 39,786,000
Dividends per common share $ 2.92 $ 2.79 $ 2.70