10-Q Filing

LANDSTAR SYSTEM INC CIK: 853816 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-237402`
Period End Date	20180630
Filing Date	20180803
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	lstr-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 82 Cash Flow Statement 70 Stockholders Equity 17 Comprehensive Income 24

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance on trade accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.55M	USD	Point-in-time
Allowance on trade accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.13M	USD	Point-in-time
Allowance on other receivables	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$6.01M	USD	Point-in-time
Allowance on other receivables	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$6.50M	USD	Point-in-time
Accumulated depreciation and amortization on operating property	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$218.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.90M	USD	Point-in-time
Accumulated depreciation and amortization on operating property	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$232.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.42M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$40.32M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$48.93M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Trade accounts receivable, less allowance of $6,549 and $6,131	`ReceivablesNetCurrent`	$641.04M	USD	Point-in-time
Trade accounts receivable, less allowance of $6,549 and $6,131	`ReceivablesNetCurrent`	$688.96M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other receivables, including advances to independent contractors, less allowance of $6,495 and $6,012	`OtherReceivables`	$20.74M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	67.85M	shares	Point-in-time
Other receivables, including advances to independent contractors, less allowance of $6,495 and $6,012	`OtherReceivables`	$24.30M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	67.74M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.93M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	26.75M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.75M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$29.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$961.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$928.22M	USD	Point-in-time
Operating property, less accumulated depreciation and amortization of $232,760 and $218,700	`PropertyPlantAndEquipmentNet`	$276.01M	USD	Point-in-time
Operating property, less accumulated depreciation and amortization of $232,760 and $218,700	`PropertyPlantAndEquipmentNet`	$256.10M	USD	Point-in-time
Goodwill	`Goodwill`	$39.06M	USD	Point-in-time
Goodwill	`Goodwill`	$31.13M	USD	Point-in-time
Goodwill	`Goodwill`	$38.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$76.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$85.88M	USD	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Cash overdraft	`BankOverdrafts`	$45.37M	USD	Point-in-time
Cash overdraft	`BankOverdrafts`	$42.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$293.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$311.77M	USD	Point-in-time
Current maturities of long-term debt	`CapitalLeaseObligationsCurrent`	$38.87M	USD	Point-in-time
Current maturities of long-term debt	`CapitalLeaseObligationsCurrent`	$42.05M	USD	Point-in-time
Insurance claims	`SelfInsuranceReserveCurrent`	$38.92M	USD	Point-in-time
Insurance claims	`SelfInsuranceReserveCurrent`	$42.55M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$62.98M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$30.10M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$19.04M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$508.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$548.64M	USD	Point-in-time
Long-term debt, excluding current maturities	`CapitalLeaseObligationsNoncurrent`	$65.09M	USD	Point-in-time
Long-term debt, excluding current maturities	`CapitalLeaseObligationsNoncurrent`	$83.06M	USD	Point-in-time
Insurance claims	`SelfInsuranceReserveNoncurrent`	$30.14M	USD	Point-in-time
Insurance claims	`SelfInsuranceReserveNoncurrent`	$30.20M	USD	Point-in-time
Deferred income taxes and other noncurrent liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$43.79M	USD	Point-in-time
Deferred income taxes and other noncurrent liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$36.74M	USD	Point-in-time
Landstar System, Inc. and subsidiary shareholders' equity Common stock, $0.01 par value, authorized 160,000,000 shares, issued 67,847,692 and 67,740,380 shares	`CommonStockValue`	$677.00K	USD	Point-in-time
Landstar System, Inc. and subsidiary shareholders' equity Common stock, $0.01 par value, authorized 160,000,000 shares, issued 67,847,692 and 67,740,380 shares	`CommonStockValue`	$678.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$216.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$209.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.61B	USD	Point-in-time
Cost of 26,754,810 and 25,749,493 shares of common stock in treasury	`TreasuryStockValue`	$1.17B	USD	Point-in-time
Cost of 26,754,810 and 25,749,493 shares of common stock in treasury	`TreasuryStockValue`	$1.27B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.16M	USD	Point-in-time
Total Landstar System, Inc. and subsidiary shareholders' equity	`StockholdersEquity`	$650.67M	USD	Point-in-time
Total Landstar System, Inc. and subsidiary shareholders' equity	`StockholdersEquity`	$657.71M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$3.21M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$3.23M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$653.88M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$660.93M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.65B	USD	2 Qtrs
Revenue	`Revenues`	$1.18B	USD	1 Quarter
Revenue	`Revenues`	$2.23B	USD	2 Qtrs
Revenue	`Revenues`	$870.43M	USD	1 Quarter
Investment income	`InterestIncomeOperating`	$1.02M	USD	2 Qtrs
Investment income	`InterestIncomeOperating`	$1.75M	USD	2 Qtrs
Investment income	`InterestIncomeOperating`	$891.00K	USD	1 Quarter
Investment income	`InterestIncomeOperating`	$608.00K	USD	1 Quarter
Purchased transportation	`PurchasedTransportationCosts`	$1.26B	USD	2 Qtrs
Purchased transportation	`PurchasedTransportationCosts`	$1.73B	USD	2 Qtrs
Purchased transportation	`PurchasedTransportationCosts`	$667.59M	USD	1 Quarter
Purchased transportation	`PurchasedTransportationCosts`	$916.94M	USD	1 Quarter
Commissions to agents	`SalesCommissionsAndFees`	$134.08M	USD	2 Qtrs
Commissions to agents	`SalesCommissionsAndFees`	$176.52M	USD	2 Qtrs
Commissions to agents	`SalesCommissionsAndFees`	$94.40M	USD	1 Quarter
Commissions to agents	`SalesCommissionsAndFees`	$70.28M	USD	1 Quarter
Other operating costs, net of gains on asset sales/dispositions	`OtherCostAndExpenseOperating`	$7.50M	USD	1 Quarter
Other operating costs, net of gains on asset sales/dispositions	`OtherCostAndExpenseOperating`	$14.40M	USD	2 Qtrs
Other operating costs, net of gains on asset sales/dispositions	`OtherCostAndExpenseOperating`	$7.61M	USD	1 Quarter
Other operating costs, net of gains on asset sales/dispositions	`OtherCostAndExpenseOperating`	$15.21M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$28.41M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$38.90M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$13.89M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$21.54M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$94.25M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$49.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$79.18M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$40.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.83M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$1.54B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$1.10B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$810.02M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.07B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$158.58M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$113.35M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$83.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$61.02M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$839.00K	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$819.00K	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$1.90M	USD	2 Qtrs
Interest and debt expense	`InterestAndDebtExpense`	$1.64M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$156.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.45M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$20.09M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$22.69M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$36.98M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$41.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$119.97M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.49M	USD	1 Quarter
Net income	`ProfitLoss`	$69.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.51M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-31.00K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-75.00K	USD	2 Qtrs
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$37.51M	USD	1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$62.52M	USD	1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$69.89M	USD	2 Qtrs
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$120.04M	USD	2 Qtrs
Earnings per common share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareBasic`	$1.67	USD	2 Qtrs
Earnings per common share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareBasic`	$1.51	USD	1 Quarter
Earnings per common share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Earnings per common share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareBasic`	$2.88	USD	2 Qtrs
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareDiluted`	$1.51	USD	1 Quarter
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareDiluted`	$0.89	USD	1 Quarter
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareDiluted`	$2.87	USD	2 Qtrs
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary	`EarningsPerShareDiluted`	$1.66	USD	2 Qtrs
Earnings per common share	`WeightedAverageNumberOfSharesOutstandingBasic`	41.74M	shares	2 Qtrs
Earnings per common share	`WeightedAverageNumberOfSharesOutstandingBasic`	41.45M	shares	1 Quarter
Earnings per common share	`WeightedAverageNumberOfSharesOutstandingBasic`	41.91M	shares	2 Qtrs
Earnings per common share	`WeightedAverageNumberOfSharesOutstandingBasic`	41.94M	shares	1 Quarter
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.01M	shares	1 Quarter
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.00M	shares	2 Qtrs
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.80M	shares	2 Qtrs
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.49M	shares	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$119.97M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.49M	USD	1 Quarter
Net income	`ProfitLoss`	$69.89M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.51M	USD	1 Quarter
Depreciation and amortization of operating property and intangible assets	`DepreciationAndAmortization`	$9.90M	USD	1 Quarter
Depreciation and amortization of operating property and intangible assets	`DepreciationAndAmortization`	$21.77M	USD	2 Qtrs
Depreciation and amortization of operating property and intangible assets	`DepreciationAndAmortization`	$10.77M	USD	1 Quarter
Depreciation and amortization of operating property and intangible assets	`DepreciationAndAmortization`	$19.83M	USD	2 Qtrs
Non-cash interest charges	`AmortizationOfDeferredCharges`	$127.00K	USD	2 Qtrs
Non-cash interest charges	`AmortizationOfDeferredCharges`	$126.00K	USD	2 Qtrs
Provisions for losses on trade and other accounts receivable	`ProvisionForDoubtfulAccounts`	$4.30M	USD	2 Qtrs
Provisions for losses on trade and other accounts receivable	`ProvisionForDoubtfulAccounts`	$3.60M	USD	2 Qtrs
Gains on sales/disposals of operating property	`GainLossOnSaleOfPropertyPlantEquipment`	$701.00K	USD	2 Qtrs
Gains on sales/disposals of operating property	`GainLossOnSaleOfPropertyPlantEquipment`	$988.00K	USD	2 Qtrs
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.58M	USD	2 Qtrs
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.77M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.24M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.39M	USD	1 Quarter
Increase in trade and other accounts receivable	`IncreaseDecreaseInReceivables`	$22.92M	USD	2 Qtrs
Increase in trade and other accounts receivable	`IncreaseDecreaseInReceivables`	$48.65M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.54M	USD	2 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.66M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.83M	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.16M	USD	2 Qtrs
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.32M	USD	2 Qtrs
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.49M	USD	2 Qtrs
Increase in insurance claims	`IncreaseDecreaseInInsuranceLiabilities`	$3.69M	USD	2 Qtrs
Increase in insurance claims	`IncreaseDecreaseInInsuranceLiabilities`	$6.47M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$79.80M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$113.03M	USD	2 Qtrs
Sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$18.40M	USD	2 Qtrs
Sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$33.49M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$19.65M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$34.36M	USD	2 Qtrs
Purchases of operating property	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.63M	USD	2 Qtrs
Purchases of operating property	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.12M	USD	2 Qtrs
Purchases of operating property	`PaymentsToAcquirePropertyPlantAndEquipment`	$307.00K	USD	1 Quarter
Purchases of operating property	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.65M	USD	1 Quarter
Proceeds from sales of operating property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.79M	USD	2 Qtrs
Proceeds from sales of operating property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.94M	USD	2 Qtrs
NET CASH USED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-2.44M	USD	2 Qtrs
NET CASH USED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-4.71M	USD	2 Qtrs
Increase (decrease) in cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$3.12M	USD	2 Qtrs
Increase (decrease) in cash overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-2.11M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$75.48M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$7.54M	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.04M	USD	2 Qtrs
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.96M	USD	2 Qtrs
Taxes paid in lieu of shares issued related to stock-based compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.81M	USD	2 Qtrs
Taxes paid in lieu of shares issued related to stock-based compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$365.00K	USD	2 Qtrs
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$105.49M	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$22.77M	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$24.42M	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$985.00K	USD	2 Qtrs
NET CASH USED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-203.37M	USD	2 Qtrs
NET CASH USED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-32.47M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-996.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$585.00K	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-93.78M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.20M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$242.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$242.42M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$653.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$660.93M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$119.97M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$62.49M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$69.89M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$37.51M	USD	1 Quarter
Dividends	`DividendsCommonStockCash`	$12.50M	USD	2 Qtrs
Purchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$105.49M	USD	2 Qtrs
Issuance of stock related to stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.77M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.10M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.03M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$653.88M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$660.93M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$37.51M	USD	1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, tax (benefit) expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-233.00K	USD	2 Qtrs
Unrealized holding (losses) gains on available-for-sale investments, tax (benefit) expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-42.00K	USD	1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, tax (benefit) expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$54.00K	USD	1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$62.52M	USD	1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$69.89M	USD	2 Qtrs
Unrealized holding (losses) gains on available-for-sale investments, tax (benefit) expense	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$89.00K	USD	2 Qtrs
Net income attributable to Landstar System, Inc. and subsidiary	`NetIncomeLoss`	$120.04M	USD	2 Qtrs
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of ($233), $89, ($42) and $54	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-153.00K	USD	1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of ($233), $89, ($42) and $54	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$101.00K	USD	1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of ($233), $89, ($42) and $54	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$165.00K	USD	2 Qtrs
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of ($233), $89, ($42) and $54	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-883.00K	USD	2 Qtrs
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.58M	USD	1 Quarter
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$585.00K	USD	2 Qtrs
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.24M	USD	2 Qtrs
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$448.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$750.00K	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.12M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$549.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.73M	USD	1 Quarter
Comprehensive income attributable to Landstar System, Inc. and subsidiary	`ComprehensiveIncomeNetOfTax`	$38.06M	USD	1 Quarter
Comprehensive income attributable to Landstar System, Inc. and subsidiary	`ComprehensiveIncomeNetOfTax`	$70.64M	USD	2 Qtrs
Comprehensive income attributable to Landstar System, Inc. and subsidiary	`ComprehensiveIncomeNetOfTax`	$60.79M	USD	1 Quarter
Comprehensive income attributable to Landstar System, Inc. and subsidiary	`ComprehensiveIncomeNetOfTax`	$117.92M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.