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Quarterly Financial Data (Tables)

12 Months Ended

Dec. 29, 2018

Quarterly Financial Data

QUARTERLY FINANCIAL DATA

(Dollars in thousands, except per share amounts)

(Unaudited)


		Fourth Quarter 2018				Third Quarter 2018				Second Quarter 2018				First Quarter 2018
Revenue		$	1,182,351			$	1,202,081			$	1,182,786			$	1,047,926

Operating income		$	86,088			$	87,068			$	83,426			$	75,153

Income before income taxes		$	85,189			$	86,252			$	82,587			$	74,353
Income taxes			16,889				19,304				20,095				16,880

Net income		$	68,300			$	66,948			$	62,492			$	57,473

Less: Net income/loss attributable to noncontrolling interest			44				(37	)			(31	)			(44	)

Net income attributable to Landstar System, Inc. and subsidiary		$	68,256			$	66,985			$	62,523			$	57,517

Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)		$	1.69			$	1.63			$	1.51			$	1.37

Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)		$	1.68			$	1.63			$	1.51			$	1.37

Dividends per common share		$	0.165			$	0.165			$	0.150			$	0.150


		Fourth Quarter 2017				Third Quarter 2017				Second Quarter 2017				First Quarter 2017
Revenue		$	1,051,592			$	943,430			$	870,434			$	780,908

Operating income		$	70,049			$	60,567			$	61,018			$	52,334

Income before income taxes		$	69,442			$	59,910			$	60,199			$	51,251
Income taxes			4,759				17,490				22,689				18,868

Net income		$	64,683			$	42,420			$	37,510			$	32,383

Less: Net loss attributable to noncontrolling interest			(69	)			(23	)			—				—

Net income attributable to Landstar System, Inc. and subsidiary		$	64,752			$	42,443			$	37,510			$	32,383

Earnings per common share attributable to Landstar System, Inc. and subsidiary(1)		$	1.54			$	1.01			$	0.89			$	0.77

Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1)		$	1.54			$	1.01			$	0.89			$	0.77

Dividends per common share		$	1.60			$	0.10			$	0.09			$	0.09

(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.