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Quarterly Financial Data | 12 Months Ended
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Dec. 26, 2015
Quarterly Financial Data | LANDSTAR SYSTEM, INC. AND SUBSIDIARY QUARTERLY FINANCIAL DATA (Dollars in thousands, except per share amounts) (Unaudited)
|  | Fourth Quarter 2015 |  |  | Third Quarter 2015 |  |  | Second Quarter 2015 |  |  | First Quarter 2015 |
Revenue |  | $ | 848,602 |  |  | $ | 841,726 |  |  | $ | 868,383 |  |  | $ | 762,380 |
Operating income |  | $ | 62,648 |  |  | $ | 63,980 |  |  | $ | 66,033 |  |  | $ | 49,045 |
Income before income taxes |  | $ | 61,907 |  |  | $ | 63,266 |  |  | $ | 65,320 |  |  | $ | 48,264 |
Income taxes |  |  | 24,052 |  |  |  | 23,918 |  |  |  | 24,849 |  |  |  | 18,249 |
Net income |  | $ | 37,855 |  |  | $ | 39,348 |  |  | $ | 40,471 |  |  | $ | 30,015 |
Earnings per common share(1) |  | $ | 0.89 |  |  | $ | 0.91 |  |  | $ | 0.92 |  |  | $ | 0.67 |
Diluted earnings per share(1) |  | $ | 0.88 |  |  | $ | 0.90 |  |  | $ | 0.92 |  |  | $ | 0.67 |
Dividends per common share |  | $ | 0.08 |  |  | $ | 0.08 |  |  | $ | 0.07 |  |  | $ | 0.07 |
|  | Fourth Quarter 2014 |  |  | Third Quarter 2014 |  |  | Second Quarter 2014 |  |  | First Quarter 2014 |
Revenue |  | $ | 862,830 |  |  | $ | 819,320 |  |  | $ | 814,443 |  |  | $ | 688,197 |
Operating income |  | $ | 61,209 |  |  | $ | 59,577 |  |  | $ | 58,572 |  |  | $ | 45,014 |
Income before income taxes |  | $ | 60,292 |  |  | $ | 58,803 |  |  | $ | 57,854 |  |  | $ | 44,246 |
Income taxes |  |  | 21,801 |  |  |  | 22,048 |  |  |  | 21,929 |  |  |  | 16,608 |
Net income |  | $ | 38,491 |  |  | $ | 36,755 |  |  | $ | 35,925 |  |  | $ | 27,638 |
Earnings per common share(1) |  | $ | 0.86 |  |  | $ | 0.82 |  |  | $ | 0.80 |  |  | $ | 0.61 |
Diluted earnings per share(1) |  | $ | 0.86 |  |  | $ | 0.82 |  |  | $ | 0.80 |  |  | $ | 0.61 |
Dividends per common share |  | $ | 1.07 |  |  | $ | 0.07 |  |  | $ | 0.06 |  |  | $ | 0.06 |
(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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- 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=51655806&loc=d3e765-108305 Reference 2: 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=51825399&loc=d3e1280-108306 Reference 3: 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=51655806&loc=d3e725-108305 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
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