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QUARTERLY FINANCIAL DATA | 12 Months Ended
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Dec. 29, 2012
QUARTERLY FINANCIAL DATA | LANDSTAR SYSTEM, INC. AND SUBSIDIARY QUARTERLY FINANCIAL DATA (Dollars in thousands, except per share amounts) (Unaudited)
|  | Fourth Quarter 2012 |  |  | Third Quarter 2012 |  |  | Second Quarter 2012 |  |  | First Quarter 2012 |
Revenue |  | $ | 691,256 |  |  | $ | 717,168 |  |  | $ | 735,973 |  |  | $ | 649,023 |
Operating income |  | $ | 49,535 |  |  | $ | 54,379 |  |  | $ | 58,789 |  |  | $ | 43,150 |
Income before income taxes |  | $ | 48,743 |  |  | $ | 53,561 |  |  | $ | 58,019 |  |  | $ | 42,426 |
Income taxes |  |  | 14,765 |  |  |  | 20,460 |  |  |  | 22,164 |  |  |  | 15,579 |
Net income |  | $ | 33,978 |  |  | $ | 33,101 |  |  | $ | 35,855 |  |  | $ | 26,847 |
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 0.73 |  |  | $ | 0.71 |  |  | $ | 0.76 |  |  | $ | 0.57 |
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 0.73 |  |  | $ | 0.71 |  |  | $ | 0.76 |  |  | $ | 0.57 |
Dividends paid per common share |  | $ | 0.560 |  |  | $ | 0.060 |  |  | $ | 0.055 |  |  | $ | 0.055 |
|  | Fourth Quarter 2011 |  |  | Third Quarter 2011 |  |  | Second Quarter 2011 |  |  | First Quarter 2011 |
Revenue |  | $ | 717,522 |  |  | $ | 684,013 |  |  | $ | 675,561 |  |  | $ | 571,986 |
Operating income |  | $ | 50,950 |  |  | $ | 49,533 |  |  | $ | 48,670 |  |  | $ | 34,092 |
Income before income taxes |  | $ | 50,178 |  |  | $ | 48,798 |  |  | $ | 47,893 |  |  | $ | 33,264 |
Income taxes |  |  | 17,546 |  |  |  | 18,640 |  |  |  | 18,295 |  |  |  | 12,707 |
Net income |  | $ | 32,632 |  |  | $ | 30,158 |  |  | $ | 29,598 |  |  | $ | 20,557 |
Less: Net loss attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (62 | )
Net income attributable to Landstar System, Inc. and subsidiary |  | $ | 32,632 |  |  | $ | 30,158 |  |  | $ | 29,598 |  |  | $ | 20,619 |
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 0.70 |  |  | $ | 0.64 |  |  | $ | 0.62 |  |  | $ | 0.43 |
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 0.70 |  |  | $ | 0.64 |  |  | $ | 0.62 |  |  | $ | 0.43 |
Dividends paid per common share |  | $ | 0.055 |  |  | $ | 0.055 |  |  | $ | 0.050 |  |  | $ | 0.050 |
(1) | Due to the changes in the number of average common shares and common stock equivalents outstanding during the year, the sum of earnings per share amounts for each quarter do not necessarily sum in the aggregate to the earnings per share amounts for the full year.

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