Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended |
Sep. 30, 2014 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'HUNT J B TRANSPORT SERVICES INC |
Document Type | '10-Q |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 117,154,271 |
Amendment Flag | 'false |
Entity Central Index Key | '0000728535 |
Entity Current Reporting Status | 'Yes |
Entity Voluntary Filers | 'No |
Entity Filer Category | 'Large Accelerated Filer |
Entity Well-known Seasoned Issuer | 'Yes |
Document Period End Date | 30-Sep-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q3 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Earnings (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Operating revenues, excluding fuel surcharge revenues | $1,316,951 | $1,165,965 | $3,737,936 | $3,325,070 |
Fuel surcharge revenues | 284,205 | 269,885 | 817,994 | 785,225 |
Total operating revenues | 1,601,156 | 1,435,850 | 4,555,930 | 4,110,295 |
Operating expenses: | ' | ' | ' | ' |
Rents and purchased transportation | 802,092 | 724,417 | 2,282,992 | 2,062,745 |
Salaries, wages and employee benefits | 327,106 | 289,789 | 951,517 | 835,765 |
Fuel and fuel taxes | 115,503 | 114,147 | 352,452 | 340,987 |
Depreciation and amortization | 75,416 | 64,291 | 216,109 | 187,304 |
Operating supplies and expenses | 56,978 | 55,378 | 165,939 | 149,918 |
Insurance and claims | 21,904 | 13,878 | 57,622 | 38,759 |
General and administrative expenses, net of asset dispositions | 15,057 | 10,172 | 36,525 | 33,581 |
Operating taxes and licenses | 9,893 | 8,168 | 28,517 | 23,723 |
Communication and utilities | 5,107 | 4,881 | 15,620 | 14,338 |
Total operating expenses | 1,429,056 | 1,285,121 | 4,107,293 | 3,687,120 |
Operating income | 172,100 | 150,729 | 448,637 | 423,175 |
Net interest expense | 6,649 | 5,835 | 21,358 | 18,320 |
Earnings before income taxes | 165,451 | 144,894 | 427,279 | 404,855 |
Income taxes | 63,037 | 55,422 | 162,793 | 154,337 |
Net earnings | $102,414 | $89,472 | $264,486 | $250,518 |
Weighted average basic shares outstanding (in Shares) | 117,050 | 117,723 | 117,020 | 117,472 |
Basic earnings per share (in Dollars per share) | $0.87 | $0.76 | $2.26 | $2.13 |
Weighted average diluted shares outstanding (in Shares) | 118,221 | 119,357 | 118,567 | 119,552 |
Diluted earnings per share (in Dollars per share) | $0.87 | $0.75 | $2.23 | $2.10 |
Dividends declared per common share (in Dollars per share) | $0.20 | $0.15 | $0.60 | $0.30 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $5,859 | $5,831 |
Trade accounts receivable, net | 671,298 | 568,519 |
Prepaid expenses and other | 60,521 | 105,853 |
Total current assets | 737,678 | 680,203 |
Property and equipment, at cost | 3,584,953 | 3,259,814 |
Less accumulated depreciation | 1,199,847 | 1,147,610 |
Net property and equipment | 2,385,106 | 2,112,204 |
Other assets | 36,134 | 26,997 |
Total assets | 3,158,918 | 2,819,404 |
Current liabilities: | ' | ' |
Current portion of long-term debt | 250,000 | 250,000 |
Trade accounts payable | 352,645 | 305,465 |
Claims accruals | 87,413 | 68,221 |
Accrued payroll | 74,862 | 72,063 |
Other accrued expenses | 11,585 | 14,062 |
Deferred income taxes | 13,787 | 2,485 |
Total current liabilities | 790,292 | 712,296 |
Long-term debt | 587,074 | 458,417 |
Other long-term liabilities | 65,384 | 58,274 |
Deferred income taxes | 556,349 | 577,965 |
Stockholders' equity | 1,159,819 | 1,012,452 |
Total liabilities and stockholders' equity | $3,158,918 | $2,819,404 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net earnings | $264,486 | $250,518 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 216,109 | 187,304 |
Share-based compensation | 26,122 | 23,602 |
Gain on sale of revenue equipment and other | -5,413 | -4,625 |
Provision for deferred income taxes | -10,315 | 15,798 |
Changes in operating assets and liabilities: | ' | ' |
Trade accounts receivable | -102,779 | -118,903 |
Other assets | 29,126 | 17,890 |
Trade accounts payable | 39,070 | 37,396 |
Income taxes payable or receivable | 7,500 | 2,120 |
Claims accruals | 19,192 | 14,381 |
Accrued payroll and other accrued expenses | 3,267 | -14,253 |
Net cash provided by operating activities | 486,365 | 411,228 |
Cash flows from investing activities: | ' | ' |
Additions to property and equipment | -599,824 | -372,564 |
Net proceeds from sale of equipment | 120,599 | 38,940 |
Changes in other assets | 21 | -35 |
Net cash used in investing activities | -479,204 | -333,659 |
Cash flows from financing activities: | ' | ' |
Proceeds from issuances of long-term debt | 499,642 | ' |
Payments on long-term debt | -250,000 | -100,000 |
Proceeds from revolving lines of credit and other | 1,380,887 | 1,372,752 |
Payments on revolving lines of credit and other | -1,494,421 | -1,264,438 |
Purchase of treasury stock | -75,000 | -64,723 |
Stock option exercises and other | 7,070 | 8,772 |
Stock repurchased for payroll taxes | -22,789 | -17,964 |
Tax benefit of stock options exercised | 17,645 | 23,637 |
Dividends paid | -70,167 | -35,226 |
Net cash used in financing activities | -7,133 | -77,190 |
Net change in cash and cash equivalents | 28 | 379 |
Cash and cash equivalents at beginning of period | 5,831 | 5,589 |
Cash and cash equivalents at end of period | 5,859 | 5,968 |
Supplemental disclosure of cash flow information: | ' | ' |
Interest | 25,635 | 23,514 |
Income taxes | $136,116 | $111,404 |
Note_1_General
Note 1 - General | 9 Months Ended | |
Sep. 30, 2014 | ||
Disclosure Text Block [Abstract] | ' | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' | |
1 | General | |
Basis of Presentation | ||
The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information. We believe such statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of our financial position, results of operations and cash flows at the dates and for the periods indicated. Pursuant to the requirements of the Securities and Exchange Commission (SEC) applicable to quarterly reports on Form 10-Q, the accompanying financial statements do not include all disclosures required by GAAP for annual financial statements. While we believe the disclosures presented are adequate to make the information not misleading, these unaudited interim Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2013. Operating results for the periods presented in this report are not necessarily indicative of the results that may be expected for the calendar year ending December 31, 2014, or any other interim period. Our business is somewhat seasonal with slightly higher freight volumes typically experienced during August through early November in our full-load freight transportation business. | ||
Recent Accounting Pronouncements | ||
In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which supersedes virtually all existing revenue recognition guidance. The new standard requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. This update also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The provisions of ASU 2014-09 are effective for interim and annual periods beginning after December 15, 2016, and we have the option of using either a full retrospective or a modified retrospective approach when adopting this new standard. We are currently evaluating the alternative transition methods and the potential effects of the adoption of this update on our financial statements. |
Note_2_Earnings_Per_Share
Note 2 - Earnings Per Share | 9 Months Ended | |
Sep. 30, 2014 | ||
Earnings Per Share [Abstract] | ' | |
Earnings Per Share [Text Block] | ' | |
2 | Earnings Per Share | |
We compute basic earnings per share by dividing net earnings available to common stockholders by the actual weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if holders of unvested restricted and performance share units or vested and unvested stock options exercised or converted their holdings into common stock. The dilutive effect of restricted and performance share units and stock options was 1.2 million shares during the third quarter 2014, compared to 1.6 million shares during third quarter 2013. During the nine months ended September 30, 2014 and 2013, the dilutive effect of restricted and performance share units and stock options was 1.5 million shares and 2.1 million shares, respectively. |
Note_3_Sharebased_Compensation
Note 3 - Share-based Compensation | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
3 | Share-based Compensation | ||||||||||||||||
The following table summarizes the components of our share-based compensation program expense (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Restricted share units: | |||||||||||||||||
Pretax compensation expense | $ | 5,812 | $ | 4,467 | $ | 20,243 | $ | 18,764 | |||||||||
Tax benefit | 2,214 | 1,709 | 7,713 | 7,153 | |||||||||||||
Restricted share unit expense, net of tax | $ | 3,598 | $ | 2,758 | $ | 12,530 | $ | 11,611 | |||||||||
Performance share units: | |||||||||||||||||
Pretax compensation expense | $ | 1,462 | $ | 1,001 | $ | 5,716 | $ | 4,161 | |||||||||
Tax benefit | 557 | 383 | 2,178 | 1,586 | |||||||||||||
Performance share unit expense, net of tax | $ | 905 | $ | 618 | $ | 3,538 | $ | 2,575 | |||||||||
Stock options: | |||||||||||||||||
Pretax compensation expense | $ | 33 | $ | 156 | $ | 163 | $ | 677 | |||||||||
Tax benefit | 13 | 60 | 62 | 258 | |||||||||||||
Stock option expense, net of tax | $ | 20 | $ | 96 | $ | 101 | $ | 419 | |||||||||
As of September 30, 2014, we had $36.0 million, $10.8 million, and $33 thousand of total unrecognized compensation expense related to restricted share units, performance share units, and stock options, respectively, that is to be recognized over the remaining weighted-average period of approximately 3.9 years for restricted share units and 2.9 years for performance share units. The expense for stock options will be recognized in the fourth quarter 2014. During the nine months ended September 30, 2014, we issued 777,088 shares for vested restricted share units, 81,075 shares for vested performance share units, and 328,600 shares as a result of stock option exercises. Of these totals, 747,153 shares for vested restricted share units, 81,075 shares for performance share units, and 48,600 shares resulting from stock option exercises were issued during the third quarter 2014. |
Note_4_Financing_Arrangements
Note 4 - Financing Arrangements | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
4 | Financing Arrangements | ||||||||
Outstanding borrowings under our current financing arrangements consist of the following (in millions): | |||||||||
30-Sep-14 | 31-Dec-13 | ||||||||
Senior revolving line of credit | $ | 90.3 | $ | 208.7 | |||||
Senior term loan | - | 150 | |||||||
Senior notes, net of unamortized discount | 746.8 | 349.7 | |||||||
Less current portion of long-term debt | (250.0 | ) | (250.0 | ) | |||||
Total long-term debt | $ | 587.1 | $ | 458.4 | |||||
Senior Revolving Line of Credit | |||||||||
At September 30, 2014, we were authorized to borrow up to $500 million under a senior revolving line of credit, which is supported by a credit agreement with a group of banks and expires in August 2016. This senior credit facility allows us to request an increase in the total commitment by up to $250 million and to request a one-year extension of the maturity date. The applicable interest rate under this agreement is based on either the Prime Rate, the Federal Funds Rate or LIBOR, depending upon the specific type of borrowing, plus an applicable margin based on our credit rating and other fees. At September 30, 2014, we had $90.3 million outstanding at an average interest rate of 1.11% under this agreement. | |||||||||
Senior Term Loan | |||||||||
Our senior term loan matured in March 2014. The entire outstanding balance was paid in full at maturity. | |||||||||
Senior Notes | |||||||||
In April 2014, we paid in full, with accrued interest and make whole amount, the $100 million outstanding balance of our 6.08% senior notes, which were scheduled to mature in July 2014. Our remaining senior notes consist of three separate issuances. The first issuance is $250 million of 3.375% senior notes, which mature in September 2015, with interest payments due semiannually in March and September of each year. The second and third issuances are $250 million of 2.40% senior notes due March 2019 and $250 million of 3.85% senior notes due March 2024, respectively, both of which were issued in March 2014 by J.B. Hunt Transport Services, Inc., a parent-level holding company with no significant assets or operations. The notes are guaranteed on a full and unconditional basis by a wholly-owned subsidiary. All other subsidiaries of the parent are minor. We registered these offerings and the sale of the notes under the Securities Act of 1933, pursuant to a shelf registration statement filed in February 2014. Interest payments under both notes are due semiannually in March and September of each year, beginning September 2014. All notes are unsecured obligations and rank equally with our existing and future senior unsecured debt. We may redeem for cash some or all of the notes based on a redemption price set forth in the note indenture. See Note 5, Derivative Financial Instruments, for terms of an interest rate swap entered into on the $250 million of 2.40% senior notes due March 2019. | |||||||||
Our financing arrangements require us to maintain certain covenants and financial ratios. We were in compliance with all covenants and financial ratios at September 30, 2014. |
Note_5_Derivative_Financial_In
Note 5 - Derivative Financial Instruments | 9 Months Ended | |
Sep. 30, 2014 | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |
5 | Derivative Financial Instruments | |
We periodically utilize derivative instruments for hedging and non-trading purposes to manage exposure to changes in interest rates and to maintain an appropriate mix of fixed and variable-rate debt. At inception of a derivative contract, we document relationships between derivative instruments and hedged items, as well as our risk-management objective and strategy for undertaking various derivative transactions, and assess hedge effectiveness. If it is determined that a derivative is not highly effective as a hedge, or if a derivative ceases to be a highly effective hedge, we discontinue hedge accounting prospectively. | ||
In March, 2014, we entered into a receive fixed-rate and pay variable-rate interest rate swap agreement with a notional amount of $250 million simultaneously with the issuance of our $250 million of 2.40% senior notes due March 2019, to effectively convert this fixed rate debt to a variable rate. The applicable interest rate under this agreement is based on LIBOR plus an established margin, resulting in an interest rate of 1.08% at September 30, 2014. The swap expires March 15, 2019, when the related senior notes are due. The fair value of this swap is recorded in other long-term liabilities in our Condensed Consolidated Balance Sheet at September 30, 2014. See Note 7, Fair Value Measurements, for disclosure of fair value. This derivative meets the required criteria to be designated as a fair value hedge and as the specific terms and notional amount of this derivative instrument match those of the fixed-rate debt being hedged, this derivative instrument is assumed to perfectly hedge the related debt against changes in fair value due to changes in the benchmark interest rate. Accordingly, any change in the fair value of the interest rate swap to be recorded in earnings is offset by a corresponding change in the fair value of the related debt. |
Note_6_Capital_Stock
Note 6 - Capital Stock | 9 Months Ended | |
Sep. 30, 2014 | ||
Stockholders' Equity Note [Abstract] | ' | |
Stockholders' Equity Note Disclosure [Text Block] | ' | |
6 | Capital Stock | |
On October 27, 2011, our Board of Directors authorized the purchase of $500 million of our common stock, of which $263 million was remaining at September 30, 2014. We did not purchase any shares under our repurchase authorization during the three months ended September 30, 2014. On July 22, 2014, our Board of Directors declared a regular quarterly dividend of $0.20 per common share, which was paid on August 15, 2014, to stockholders of record on August 1, 2014. On October 29, 2014, our Board of Directors declared a regular quarterly dividend of $0.20 per common share, which will be paid on November 28, 2014, to stockholders of record on November 14, 2014. |
Note_7_Fair_Value_Measurements
Note 7 - Fair Value Measurements | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||
7 | Fair Value Measurements | ||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||
Our assets and liabilities measured at fair value are based on the market approach valuation technique which considers prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. This valuation method is based on either quoted market prices (Level 1) or inputs, other than the quoted prices in active markets, that are observable either directly or indirectly (Level 2). The following are assets and liabilities measured at fair value on a recurring basis at September 30, 2014 (in millions): | |||||||||
Asset/(Liability) | Input Level | ||||||||
Balance | |||||||||
Trading investments | $ | 13.4 | 1 | ||||||
Interest rate swap | $ | (2.7 | ) | 2 | |||||
Senior notes | $ | (247.2 | ) | 2 | |||||
Trading investments are classified in other assets and the interest rate swap is classified in other long-term liabilities in our Condensed Consolidated Balance Sheets. The senior notes are classified in long-term debt in our Condensed Consolidated Balance Sheets. | |||||||||
Financial Instruments | |||||||||
The carrying amount and estimated fair value at September 30, 2014, using the income method (Level 2), based on their net present value, discounted at our current borrowing rate, of our senior revolving line of credit and remaining senior notes not measured at fair value on a recurring basis, were $589.9 million and $608.2 million, respectively. | |||||||||
The carrying amounts of all other instruments at September 30, 2014, approximate their fair value due to the short maturity of these instruments. |
Note_8_Income_Taxes
Note 8 - Income Taxes | 9 Months Ended | |
Sep. 30, 2014 | ||
Income Tax Disclosure [Abstract] | ' | |
Income Tax Disclosure [Text Block] | ' | |
8 | Income Taxes | |
Our effective income tax rate was 38.10% for the three and nine months ended September 30, 2014, compared with 38.25% for the three months ended September 30, 2013 and 38.12% for the nine months ended September 30, 2013. In determining our quarterly provision for income taxes, we use an estimated annual effective tax rate, adjusted for discrete items. This rate is based on our expected annual income, statutory tax rates, best estimate of nontaxable and nondeductible items of income and expense, and the ultimate outcome of tax audits. | ||
At September 30, 2014, we had a total of $32.4 million in gross unrecognized tax benefits, which are a component of other long-term liabilities on our balance sheet. Of this amount, $21.1 million represents the amount of unrecognized tax benefits that, if recognized, would impact our effective tax rate. The total amount of accrued interest and penalties for such unrecognized tax benefits was $5.5 million at September 30, 2014. |
Note_9_Legal_Proceedings
Note 9 - Legal Proceedings | 9 Months Ended | |
Sep. 30, 2014 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies Disclosure [Text Block] | ' | |
9 | Legal Proceedings | |
We are a defendant in certain class-action lawsuits in which the plaintiffs are current and former California-based drivers who allege claims for unpaid wages, failure to provide meal and rest periods, and other items. During the first half of 2014, the Court in the lead class-action granted Judgment in our favor with regard to all claims. The plaintiffs have appealed the case to the Ninth Circuit Court of Appeals and we are currently awaiting the appointment of a panel of judges. The overlapping claims in the remaining two actions have been stayed pending a decision in the lead class-action case. We cannot reasonably estimate at this time the possible loss or range of loss, if any, that may arise from these lawsuits. | ||
We are involved in certain other claims and pending litigation arising from the normal conduct of business. Based on present knowledge of the facts and, in certain cases, opinions of outside counsel, we believe the resolution of these claims and pending litigation will not have a material adverse effect on our financial condition, results of operations, or liquidity. |
Note_10_Business_Segments
Note 10 - Business Segments | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
10 | Business Segments | ||||||||||||||||
We reported four distinct business segments during the three and nine months ended September 30, 2014 and 2013. These segments included Intermodal (JBI), Dedicated Contract Services® (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). The operation of each of these businesses is described in Note 10, Segment Information, of our Annual Report (Form 10-K) for the year ended December 31, 2013. A summary of certain segment information is presented below (in millions): | |||||||||||||||||
Assets | |||||||||||||||||
(Excludes intercompany accounts) | |||||||||||||||||
As of | |||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
JBI | $ | 1,745 | $ | 1,611 | |||||||||||||
DCS | 802 | 721 | |||||||||||||||
ICS | 96 | 78 | |||||||||||||||
JBT | 237 | 164 | |||||||||||||||
Other (includes corporate) | 279 | 245 | |||||||||||||||
Total | $ | 3,159 | $ | 2,819 | |||||||||||||
Operating Revenues | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 964 | $ | 890 | $ | 2,730 | $ | 2,541 | |||||||||
DCS | 361 | 319 | 1,031 | 901 | |||||||||||||
ICS | 185 | 137 | 521 | 391 | |||||||||||||
JBT | 96 | 97 | 289 | 300 | |||||||||||||
Subtotal | 1,606 | 1,443 | 4,571 | 4,133 | |||||||||||||
Inter-segment eliminations | (5 | ) | (7 | ) | (15 | ) | (23 | ) | |||||||||
Total | $ | 1,601 | $ | 1,436 | $ | 4,556 | $ | 4,110 | |||||||||
Operating Income | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 125 | $ | 118 | $ | 331.6 | $ | 325.5 | |||||||||
DCS | 34.3 | 29.3 | 80.2 | 80.9 | |||||||||||||
ICS | 8.4 | 2.8 | 20.8 | 12.2 | |||||||||||||
JBT | 4.3 | 0.6 | 16.1 | 4.7 | |||||||||||||
Other (includes corporate) | 0.1 | - | (0.1 | ) | (0.1 | ) | |||||||||||
Total | $ | 172.1 | $ | 150.7 | $ | 448.6 | $ | 423.2 | |||||||||
Depreciation and Amortization Expense | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 33.5 | $ | 29.5 | $ | 95.5 | $ | 85.9 | |||||||||
DCS | 29.5 | 25.1 | 85.8 | 71.2 | |||||||||||||
ICS | 0.3 | 0.1 | 0.7 | 0.2 | |||||||||||||
JBT | 8.3 | 6.9 | 23 | 22.1 | |||||||||||||
Other (includes corporate) | 3.8 | 2.7 | 11.1 | 7.9 | |||||||||||||
Total | $ | 75.4 | $ | 64.3 | $ | 216.1 | $ | 187.3 | |||||||||
Note_3_Sharebased_Compensation1
Note 3 - Share-based Compensation (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Restricted share units: | |||||||||||||||||
Pretax compensation expense | $ | 5,812 | $ | 4,467 | $ | 20,243 | $ | 18,764 | |||||||||
Tax benefit | 2,214 | 1,709 | 7,713 | 7,153 | |||||||||||||
Restricted share unit expense, net of tax | $ | 3,598 | $ | 2,758 | $ | 12,530 | $ | 11,611 | |||||||||
Performance share units: | |||||||||||||||||
Pretax compensation expense | $ | 1,462 | $ | 1,001 | $ | 5,716 | $ | 4,161 | |||||||||
Tax benefit | 557 | 383 | 2,178 | 1,586 | |||||||||||||
Performance share unit expense, net of tax | $ | 905 | $ | 618 | $ | 3,538 | $ | 2,575 | |||||||||
Stock options: | |||||||||||||||||
Pretax compensation expense | $ | 33 | $ | 156 | $ | 163 | $ | 677 | |||||||||
Tax benefit | 13 | 60 | 62 | 258 | |||||||||||||
Stock option expense, net of tax | $ | 20 | $ | 96 | $ | 101 | $ | 419 |
Note_4_Financing_Arrangements_
Note 4 - Financing Arrangements (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Debt [Table Text Block] | ' | ||||||||
30-Sep-14 | 31-Dec-13 | ||||||||
Senior revolving line of credit | $ | 90.3 | $ | 208.7 | |||||
Senior term loan | - | 150 | |||||||
Senior notes, net of unamortized discount | 746.8 | 349.7 | |||||||
Less current portion of long-term debt | (250.0 | ) | (250.0 | ) | |||||
Total long-term debt | $ | 587.1 | $ | 458.4 |
Note_7_Fair_Value_Measurements1
Note 7 - Fair Value Measurements (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||
Asset/(Liability) | Input Level | ||||||||
Balance | |||||||||
Trading investments | $ | 13.4 | 1 | ||||||
Interest rate swap | $ | (2.7 | ) | 2 | |||||
Senior notes | $ | (247.2 | ) | 2 |
Note_10_Business_Segments_Tabl
Note 10 - Business Segments (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | ' | ||||||||||||||||
Assets | |||||||||||||||||
(Excludes intercompany accounts) | |||||||||||||||||
As of | |||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
JBI | $ | 1,745 | $ | 1,611 | |||||||||||||
DCS | 802 | 721 | |||||||||||||||
ICS | 96 | 78 | |||||||||||||||
JBT | 237 | 164 | |||||||||||||||
Other (includes corporate) | 279 | 245 | |||||||||||||||
Total | $ | 3,159 | $ | 2,819 | |||||||||||||
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||
Operating Revenues | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 964 | $ | 890 | $ | 2,730 | $ | 2,541 | |||||||||
DCS | 361 | 319 | 1,031 | 901 | |||||||||||||
ICS | 185 | 137 | 521 | 391 | |||||||||||||
JBT | 96 | 97 | 289 | 300 | |||||||||||||
Subtotal | 1,606 | 1,443 | 4,571 | 4,133 | |||||||||||||
Inter-segment eliminations | (5 | ) | (7 | ) | (15 | ) | (23 | ) | |||||||||
Total | $ | 1,601 | $ | 1,436 | $ | 4,556 | $ | 4,110 | |||||||||
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||
Operating Income | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 125 | $ | 118 | $ | 331.6 | $ | 325.5 | |||||||||
DCS | 34.3 | 29.3 | 80.2 | 80.9 | |||||||||||||
ICS | 8.4 | 2.8 | 20.8 | 12.2 | |||||||||||||
JBT | 4.3 | 0.6 | 16.1 | 4.7 | |||||||||||||
Other (includes corporate) | 0.1 | - | (0.1 | ) | (0.1 | ) | |||||||||||
Total | $ | 172.1 | $ | 150.7 | $ | 448.6 | $ | 423.2 | |||||||||
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||
Depreciation and Amortization Expense | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
JBI | $ | 33.5 | $ | 29.5 | $ | 95.5 | $ | 85.9 | |||||||||
DCS | 29.5 | 25.1 | 85.8 | 71.2 | |||||||||||||
ICS | 0.3 | 0.1 | 0.7 | 0.2 | |||||||||||||
JBT | 8.3 | 6.9 | 23 | 22.1 | |||||||||||||
Other (includes corporate) | 3.8 | 2.7 | 11.1 | 7.9 | |||||||||||||
Total | $ | 75.4 | $ | 64.3 | $ | 216.1 | $ | 187.3 |
Note_2_Earnings_Per_Share_Deta
Note 2 - Earnings Per Share (Details) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 1.2 | 1.6 | 1.5 | 2.1 |
Note_3_Sharebased_Compensation2
Note 3 - Share-based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Note 3 - Share-based Compensation (Details) [Line Items] | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $36,000 | $36,000 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '3 years 328 days |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 747,153 | 777,088 |
Performance Shares [Member] | ' | ' |
Note 3 - Share-based Compensation (Details) [Line Items] | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 10,800 | 10,800 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '2 years 328 days |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 81,075 | 81,075 |
Employee Stock Option [Member] | ' | ' |
Note 3 - Share-based Compensation (Details) [Line Items] | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $33 | $33 |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 48,600 | 328,600 |
Note_3_Sharebased_Compensation3
Note 3 - Share-based Compensation (Details) - Components of Share-Based Compensation Program Expense (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Pretax compensation expense | ' | ' | $26,122 | $23,602 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Pretax compensation expense | 5,812 | 4,467 | 20,243 | 18,764 |
Tax benefit | 2,214 | 1,709 | 7,713 | 7,153 |
Expense, net of tax | 3,598 | 2,758 | 12,530 | 11,611 |
Performance Shares [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Pretax compensation expense | 1,462 | 1,001 | 5,716 | 4,161 |
Tax benefit | 557 | 383 | 2,178 | 1,586 |
Expense, net of tax | 905 | 618 | 3,538 | 2,575 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Pretax compensation expense | 33 | 156 | 163 | 677 |
Tax benefit | 13 | 60 | 62 | 258 |
Expense, net of tax | $20 | $96 | $101 | $419 |
Note_4_Financing_Arrangements_1
Note 4 - Financing Arrangements (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Apr. 30, 2014 | Sep. 30, 2014 |
In Millions, unless otherwise specified | Senior Notes First Issuance [Member] | Senior Notes Second Issuance [Member] | Senior Notes Third Issuance [Member] | Line of Credit [Member] | Line of Credit [Member] | Senior Notes [Member] | Senior Debt Obligations [Member] |
Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Debt Obligations [Member] | Senior Debt Obligations [Member] | |||
Note 4 - Financing Arrangements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | $500 | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity, Increase | ' | ' | ' | ' | ' | ' | 250 |
Long-term Line of Credit | ' | ' | ' | 90.3 | 208.7 | ' | ' |
Debt, Weighted Average Interest Rate | ' | ' | ' | 1.11% | ' | ' | ' |
Repayments of Unsecured Debt | ' | ' | ' | ' | ' | 100 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.38% | 2.40% | 3.85% | ' | ' | 6.08% | ' |
Unsecured Debt | $250 | $250 | $250 | ' | ' | ' | ' |
Note_4_Financing_Arrangements_2
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items] | ' | ' |
Less current portion of long-term debt | ($250,000,000) | ($250,000,000) |
Total long-term debt | 587,074,000 | 458,417,000 |
Senior Debt Obligations [Member] | Line of Credit [Member] | ' | ' |
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items] | ' | ' |
Senior revolving line of credit | 90,300,000 | 208,700,000 |
Senior Debt Obligations [Member] | Loans Payable [Member] | ' | ' |
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items] | ' | ' |
Senior | ' | 150,000,000 |
Senior Debt Obligations [Member] | Senior Notes [Member] | ' | ' |
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items] | ' | ' |
Senior | $746,800,000 | $349,700,000 |
Note_5_Derivative_Financial_In1
Note 5 - Derivative Financial Instruments (Details) (USD $) | Sep. 30, 2014 | Mar. 06, 2014 | Sep. 30, 2014 | Apr. 30, 2014 |
In Millions, unless otherwise specified | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Senior Notes [Member] | Senior Notes [Member] |
Fair Value Hedging [Member] | Fair Value Hedging [Member] | Senior Notes Second Issuance [Member] | ||
London Interbank Offered Rate (LIBOR) [Member] | ||||
Note 5 - Derivative Financial Instruments (Details) [Line Items] | ' | ' | ' | ' |
Derivative, Notional Amount | ' | $250 | ' | ' |
Unsecured Debt | ' | ' | $250 | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 2.40% | 6.08% |
Derivative, Variable Interest Rate | 1.08% | ' | ' | ' |
Note_6_Capital_Stock_Details
Note 6 - Capital Stock (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | ||||
Aug. 15, 2014 | Jul. 22, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Oct. 27, 2011 | Oct. 29, 2014 | |
Subsequent Event [Member] | ||||||||
Note 6 - Capital Stock (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | ' | ' | ' | ' | ' | ' | $500,000,000 | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | ' | ' | 263,000,000 | ' | 263,000,000 | ' | ' | ' |
Treasury Stock, Shares, Acquired | ' | ' | 0 | ' | ' | ' | ' | ' |
Treasury Stock, Value, Acquired | ' | ' | $0 | ' | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | ' | $0.20 | $0.20 | $0.15 | $0.60 | $0.30 | ' | $0.20 |
Common Stock, Dividends, Per Share, Cash Paid | $0.20 | ' | ' | ' | ' | ' | ' | ' |
Note_7_Fair_Value_Measurements2
Note 7 - Fair Value Measurements (Details) (Senior Notes [Member], Fair Value, Measurements, Nonrecurring [Member], USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | |
Note 7 - Fair Value Measurements (Details) [Line Items] | ' |
Long-term Debt | $589.90 |
Estimate of Fair Value Measurement [Member] | ' |
Note 7 - Fair Value Measurements (Details) [Line Items] | ' |
Long-term Debt, Fair Value | $608.20 |
Note_7_Fair_Value_Measurements3
Note 7 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | |
Fair Value, Inputs, Level 1 [Member] | ' |
Note 7 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value [Line Items] | ' |
Trading investments | $13.40 |
Fair Value, Inputs, Level 2 [Member] | ' |
Note 7 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value [Line Items] | ' |
Interest rate swap | -2.7 |
Senior notes | ($247.20) |
Note_8_Income_Taxes_Details
Note 8 - Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Percent | 38.10% | 38.25% | 38.10% | 38.12% |
Unrecognized Tax Benefits (in Dollars) | $32.40 | ' | $32.40 | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate (in Dollars) | 21.1 | ' | 21.1 | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued (in Dollars) | $5.50 | ' | $5.50 | ' |
Note_10_Business_Segments_Deta
Note 10 - Business Segments (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Segment Reporting [Abstract] | ' | ' | ' | ' |
Number of Reportable Segments | 4 | 4 | 4 | 4 |
Note_10_Business_Segments_Deta1
Note 10 - Business Segments (Details) - Assets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | $3,158,918 | $2,819,404 |
Operating Segments [Member] | JBI [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | 1,745,000 | 1,611,000 |
Operating Segments [Member] | DCS [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | 802,000 | 721,000 |
Operating Segments [Member] | ICS [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | 96,000 | 78,000 |
Operating Segments [Member] | JBT [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | 237,000 | 164,000 |
Operating Segments [Member] | Corporate and Other [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | $279,000 | $245,000 |
Note_10_Business_Segments_Deta2
Note 10 - Business Segments (Details) - Operating Revenues (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | $1,601,156 | $1,435,850 | $4,555,930 | $4,110,295 |
Operating Segments [Member] | JBI [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 964,000 | 890,000 | 2,730,000 | 2,541,000 |
Operating Segments [Member] | DCS [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 361,000 | 319,000 | 1,031,000 | 901,000 |
Operating Segments [Member] | ICS [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 185,000 | 137,000 | 521,000 | 391,000 |
Operating Segments [Member] | JBT [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 96,000 | 97,000 | 289,000 | 300,000 |
Operating Segments [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 1,606,000 | 1,443,000 | 4,571,000 | 4,133,000 |
Intersegment Eliminations [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | ($5,000) | ($7,000) | ($15,000) | ($23,000) |
Note_10_Business_Segments_Deta3
Note 10 - Business Segments (Details) - Operating Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | $172,100 | $150,729 | $448,637 | $423,175 |
Operating Segments [Member] | JBI [Member] | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | 125,000 | 118,000 | 331,600 | 325,500 |
Operating Segments [Member] | DCS [Member] | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | 34,300 | 29,300 | 80,200 | 80,900 |
Operating Segments [Member] | ICS [Member] | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | 8,400 | 2,800 | 20,800 | 12,200 |
Operating Segments [Member] | JBT [Member] | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | 4,300 | 600 | 16,100 | 4,700 |
Operating Segments [Member] | Corporate and Other [Member] | ' | ' | ' | ' |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' |
Operating Income | $100 | ' | ($100) | ($100) |
Note_10_Business_Segments_Deta4
Note 10 - Business Segments (Details) - Depreciation and Amortization (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | $75,416 | $64,291 | $216,109 | $187,304 |
Operating Segments [Member] | JBI [Member] | ' | ' | ' | ' |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | 33,500 | 29,500 | 95,500 | 85,900 |
Operating Segments [Member] | DCS [Member] | ' | ' | ' | ' |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | 29,500 | 25,100 | 85,800 | 71,200 |
Operating Segments [Member] | ICS [Member] | ' | ' | ' | ' |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | 300 | 100 | 700 | 200 |
Operating Segments [Member] | JBT [Member] | ' | ' | ' | ' |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | 8,300 | 6,900 | 23,000 | 22,100 |
Operating Segments [Member] | Corporate and Other [Member] | ' | ' | ' | ' |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' |
Depreciation and Amortization Expense | $3,800 | $2,700 | $11,100 | $7,900 |