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Income Taxes | 12 Months Ended
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Dec. 31, 2011
Income Taxes [Abstract] |
Income Taxes |
(5) | Income Taxes
The provisions for income taxes consisted of the following (in thousands):
|  | Fiscal Year |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 53,413 |  |  | $ | 46,164 |  |  | $ | 35,878 |
State |  |  | 3,247 |  |  |  | 2,199 |  |  |  | 656 |
Canadian |  |  | 1,023 |  |  |  | 878 |  |  |  | 809 |
|  | $ | 57,683 |  |  | $ | 49,241 |  |  | $ | 37,343 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 9,056 |  |  | $ | 801 |  |  | $ | 2,035 |
State |  |  | 449 |  |  |  | (276 | ) |  |  | 384 |
|  |  | 9,505 |  |  |  | 525 |  |  |  | 2,419 |
Income taxes |  | $ | 67,188 |  |  | $ | 49,766 |  |  | $ | 39,762 |
Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities consisted of the following (in thousands):
|  | Dec. 31, 2011 |  |  | Dec. 25, 2010 |
Deferred tax assets: |  |  |  |  |  |  |  |
Receivable valuations |  | $ | 4,570 |  |  | $ | 5,014 |
Share-based payments |  |  | 5,843 |  |  |  | 5,797 |
Self-insured claims |  |  | 5,940 |  |  |  | 5,861 |
Other |  |  | 5,316 |  |  |  | 6,137 |
|  | $ | 21,669 |  |  | $ | 22,809 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Operating property |  | $ | 38,040 |  |  | $ | 29,084 |
Other |  |  | 8,259 |  |  |  | 8,284 |
|  | $ | 46,299 |  |  | $ | 37,368 |
Net deferred tax liability |  | $ | 24,630 |  |  | $ | 14,559 |
The following table summarizes the differences between income taxes calculated at the federal income tax rate of 35% on income before income taxes and the provisions for income taxes (in thousands):
|  | Fiscal Year |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Income taxes at federal income tax rate |  | $ | 63,047 |  |  | $ | 47,722 |  |  | $ | 38,399 |
State income taxes, net of federal income tax benefit |  |  | 2,424 |  |  |  | 695 |  |  |  | 676 |
Meals and entertainment exclusion |  |  | 972 |  |  |  | 691 |  |  |  | 870 |
Share-based payments |  |  | 708 |  |  |  | 550 |  |  |  | 636 |
Other, net |  |  | 37 |  |  |  | 108 |  |  |  | (819 | )
Income taxes |  | $ | 67,188 |  |  | $ | 49,766 |  |  | $ | 39,762 |
As of December 31, 2011 and December 25, 2010, the Company had $5,069,000 and $6,415,000, respectively, of net unrecognized tax benefits representing the provision for the uncertainty of certain tax positions plus a component of interest and penalties. Estimated interest and penalties on the provision for the uncertainty of certain tax positions is included in income tax expense. At December 31, 2011 and December 25, 2010 there was $2,214,000 and $2,797,000, respectively, accrued for estimated interest and penalties related to the uncertainty of certain tax positions. The Company does not currently anticipate any significant increase or decrease to the unrecognized tax benefit during 2012. The Company files a consolidated U.S. federal income tax return. The Company or its subsidiaries file state tax returns in the majority of the U.S. state tax jurisdictions. With few exceptions, the Company and its subsidiaries are no longer subject to U.S. federal or state income tax examinations by tax authorities for 2007 and prior years. The Company's wholly owned Canadian subsidiary, Landstar Canada, Inc., is subject to Canadian income and other taxes. The following table summarizes the rollforward of the total amounts of gross unrecognized tax benefits for fiscal years 2011 and 2010 (in thousands):
|  | Fiscal Year |
|  | 2011 |  |  | 2010 |
Gross unrecognized tax benefits — beginning of the year |  | $ | 9,209 |  |  | $ | 11,966 |
Gross increases related to current year tax positions |  |  | 553 |  |  |  | 210 |
Gross increases related to prior year tax positions |  |  | 755 |  |  |  | 412 |
Gross decreases related to prior year tax positions |  |  | (2,098 | ) |  |  | (2,822 | )
Settlements |  |  | (274 | ) |  |  | — |
Lapse of statute of limitations |  |  | (781 | ) |  |  | (557 | )
Gross unrecognized tax benefits — end of the year |  | $ | 7,364 |  |  | $ | 9,209 |
Landstar paid income taxes of $59,442,000 in 2011, $51,542,000 in 2010 and $32,913,000 in 2009.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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