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Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 28, 2019
Quarterly Financial Data | QUARTERLY FINANCIAL DATA (Dollars in thousands, except per share amounts) (Unaudited)
|  | Fourth Quarter 2019 |  |  | Third Quarter 2019 |  |  | Second Quarter 2019 |  |  | First Quarter 2019 |
Revenue |  | $ | 994,879 |  |  | $ | 1,011,658 |  |  | $ | 1,045,040 |  |  | $ | 1,033,000 |
Operating income |  | $ | 66,519 |  |  | $ | 70,638 |  |  | $ | 80,851 |  |  | $ | 80,896 |
Income before income taxes |  | $ | 65,656 |  |  | $ | 69,874 |  |  | $ | 80,142 |  |  | $ | 80,091 |
Income taxes |  |  | 15,608 |  |  |  | 16,619 |  |  |  | 19,042 |  |  |  | 16,791 |
Net income |  | $ | 50,048 |  |  | $ | 53,255 |  |  | $ | 61,100 |  |  | $ | 63,300 |
Less: Net income/loss attributable to noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (17 | )
Net income attributable to Landstar System, Inc. and subsidiary |  | $ | 50,048 |  |  | $ | 53,255 |  |  | $ | 61,100 |  |  | $ | 63,317 |
Earnings per common share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 1.27 |  |  | $ | 1.35 |  |  | $ | 1.53 |  |  | $ | 1.58 |
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary(1) |  | $ | 1.27 |  |  | $ | 1.35 |  |  | $ | 1.53 |  |  | $ | 1.58 |
Dividends per common share |  | $ | 2.185 |  |  | $ | 0.185 |  |  | $ | 0.165 |  |  | $ | 0.165 |
|  | 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 |
(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 Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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