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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax [1] $ 2,580,632 $ 2,035,579 $ 4,482,496 $ 4,055,630
Operating Expenses:        
Direct Operating Costs [2] 1,831,041 1,373,884 3,117,769 2,739,821
Salaries and related 395,107 356,351 737,147 713,261
Rent and occupancy 41,375 40,897 83,899 82,420
Depreciation and amortization 14,109 12,677 26,769 26,070
Selling and promotion 3,113 11,643 11,356 22,719
Other 48,261 47,926 98,875 91,537
Total operating expenses 2,333,006 1,843,378 4,075,815 3,675,828
Operating income 247,626 192,201 406,681 379,802
Other Income (Expense):        
Interest income 2,559 6,516 7,366 12,622
Other, net 797 2,262 4,181 3,927
Other income, net 3,356 8,778 11,547 16,549
Earnings before income taxes 250,982 200,979 418,228 396,351
Income tax expense 66,794 47,449 111,258 102,710
Net earnings 184,188 153,530 306,970 293,641
Less net earnings attributable to the noncontrolling interest 319 381 757 793
Net earnings attributable to shareholders $ 183,869 $ 153,149 $ 306,213 $ 292,848
Diluted earnings attributable to shareholders per share $ 1.09 $ 0.88 $ 1.80 $ 1.67
Basic earnings attributable to shareholders per share $ 1.10 $ 0.90 $ 1.83 $ 1.71
Weighted average diluted shares outstanding 169,290 174,466 170,382 174,953
Weighted average basic shares outstanding 166,767 171,003 167,751 171,425
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,434,590 $ 741,577 $ 2,143,629 $ 1,456,478
Operating Expenses:        
Direct Operating Costs 1,097,073 542,639 1,617,242 1,051,849
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 491,712 543,809 985,139 1,112,450
Operating Expenses:        
Direct Operating Costs 363,599 390,299 730,082 810,630
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 654,330 750,193 1,353,728 1,486,702
Operating Expenses:        
Direct Operating Costs $ 370,369 $ 440,946 $ 770,445 $ 877,342
[1] Beginning in the second quarter of 2019, the Company revised its process to record the transfer, between its geographic operating segments, of revenues and the directly related cost of transportation and other expenses for freight service transactions between Company origin and destination locations. This change better aligns revenue reporting with the location where the services are performed, as well as the transactional reporting being developed as part of the Company’s new accounting systems and processes. The change in presentation had no impact on consolidated or segment operating income. The impact of these changes on reported segment revenues was immaterial and in the six months ended June 30, 2019, segment revenues have not been revised.
[2] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings