XML 1070 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Quarterly Financial Data | 12 Months Ended
--- | ---
Dec. 28, 2013
Quarterly Financial Data | LANDSTAR SYSTEM, INC. AND SUBSIDIARY QUARTERLY FINANCIAL DATA (Dollars in thousands, except per share amounts) (Unaudited)
|  | Fourth Quarter 2013 |  |  | Third Quarter 2013 |  |  | Second Quarter 2013 |  |  | First Quarter 2013 |
Revenue |  | $ | 691,975 |  |  | $ | 675,535 |  |  | $ | 674,390 |  |  | $ | 622,880 |
Operating income |  | $ | 39,741 |  |  | $ | 46,614 |  |  | $ | 48,427 |  |  | $ | 41,808 |
Income from continuing operations before income taxes |  | $ | 38,897 |  |  | $ | 45,758 |  |  | $ | 47,656 |  |  | $ | 41,068 |
Income taxes |  |  | 13,721 |  |  |  | 17,255 |  |  |  | 18,164 |  |  |  | 15,317 |
Income from continuing operations |  |  | 25,176 |  |  |  | 28,503 |  |  |  | 29,492 |  |  |  | 25,751 |
Income from discontinued operations, net of income taxes |  |  | 34,381 |  |  |  | 743 |  |  |  | 934 |  |  |  | 1,029 |
Net income |  | $ | 59,557 |  |  | $ | 29,246 |  |  | $ | 30,426 |  |  | $ | 26,780 |
Earnings per common share(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.55 |  |  | $ | 0.62 |  |  | $ | 0.64 |  |  | $ | 0.55 |
Income from discontinued operations |  |  | 0.75 |  |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.02 |
Earnings per common share |  |  | 1.30 |  |  |  | 0.64 |  |  |  | 0.66 |  |  |  | 0.58 |
Diluted earnings per share(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.55 |  |  | $ | 0.62 |  |  | $ | 0.64 |  |  |  | 0.55 |
Income from discontinued operations |  |  | 0.75 |  |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.02 |
Diluted earnings per share |  |  | 1.30 |  |  |  | 0.64 |  |  |  | 0.66 |  |  |  | 0.57 |
Dividends per common share |  | $ | 0.35 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Fourth Quarter 2012 |  |  | Third Quarter 2012 |  |  | Second Quarter 2012 |  |  | First Quarter 2012 |
Revenue |  | $ | 685,093 |  |  | $ | 711,467 |  |  | $ | 730,160 |  |  | $ | 644,079 |
Operating income |  | $ | 47,800 |  |  | $ | 53,056 |  |  | $ | 57,247 |  |  | $ | 42,636 |
Income from continuing operations before income taxes |  | $ | 47,002 |  |  | $ | 52,238 |  |  | $ | 56,477 |  |  | $ | 41,912 |
Income taxes |  |  | 14,146 |  |  |  | 19,977 |  |  |  | 21,577 |  |  |  | 15,363 |
Income from continuing operations |  |  | 32,856 |  |  |  | 32,261 |  |  |  | 34,900 |  |  |  | 26,549 |
Income from discontinued operations, net of income taxes |  |  | 1,122 |  |  |  | 840 |  |  |  | 955 |  |  |  | 298 |
Net income |  | $ | 33,978 |  |  | $ | 33,101 |  |  | $ | 35,855 |  |  | $ | 26,847 |
Earnings per common share(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.71 |  |  | $ | 0.69 |  |  | $ | 0.74 |  |  | $ | 0.57 |
Income from discontinued operations |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.01 |
Earnings per common share |  |  | 0.73 |  |  |  | 0.71 |  |  |  | 0.76 |  |  |  | 0.57 |
Diluted earnings per share(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.70 |  |  | $ | 0.69 |  |  | $ | 0.74 |  |  | $ | 0.56 |
Income from discontinued operations |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.02 |  |  |  | 0.01 |
Diluted earnings per share |  |  | 0.73 |  |  |  | 0.71 |  |  |  | 0.76 |  |  |  | 0.57 |
Dividends per common share |  | $ | 0.560 |  |  | $ | 0.060 |  |  | $ | 0.055 |  |  | $ | 0.055 |
(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.

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration