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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,957,559 $ 1,672,279 $ 3,811,821 $ 3,217,411
Operating Expenses:        
Salaries and related costs 350,948 318,529 690,843 611,109
Rent and occupancy costs 38,071 29,163 74,984 57,293
Depreciation and amortization 13,576 12,042 27,498 23,969
Selling and promotion 10,788 10,953 21,753 21,868
Other 45,579 24,706 86,904 62,645
Total operating expenses 1,773,975 1,504,039 3,435,419 2,903,057
Operating income 183,584 168,240 376,402 314,354
Other Income (Expense):        
Interest income 5,153 3,380 9,467 6,121
Other, net 1,167 2,190 1,791 2,488
Other income (expense), net 6,320 5,570 11,258 8,609
Earnings before income taxes 189,904 173,810 387,660 322,963
Income tax expense 48,958 65,055 110,514 120,641
Net earnings 140,946 108,755 277,146 202,322
Less net earnings (loss) attributable to the noncontrolling interest 341 (96) 849 207
Net earnings attributable to shareholders $ 140,605 $ 108,851 $ 276,297 $ 202,115
Diluted earnings attributable to shareholders per share $ 0.79 $ 0.60 $ 1.54 $ 1.11
Basic earnings attributable to shareholders per share 0.80 0.60 1.58 1.12
Dividends declared and paid per common share $ 0.45 $ 0.42 $ 0.45 $ 0.42
Weighted average diluted shares outstanding 178,603 182,033 179,120 182,091
Weighted average basic shares outstanding 174,754 180,012 175,324 180,037
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 801,761 $ 671,868 $ 1,532,988 $ 1,287,413
Operating Expenses:        
Direct Operating Costs 593,325 499,418 1,106,829 942,822
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 530,008 528,585 1,050,891 1,022,344
Operating Expenses:        
Direct Operating Costs 385,156 385,927 764,574 751,990
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 625,790 471,826 1,227,942 907,654
Operating Expenses:        
Direct Operating Costs $ 336,532 $ 223,301 $ 662,034 $ 431,361