J.B. Hunt Transport Services (JBHT) 10-Q 24 Apr 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	HUNT J B TRANSPORT SERVICES INC
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding	116,555,820
Amendment Flag	FALSE
Entity Central Index Key	728535
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	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Earnings (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating revenues, excluding fuel surcharge revenues	$1,263,910	$1,152,349
Fuel surcharge revenues	176,270	254,559
Total operating revenues	1,440,180	1,406,908
Operating expenses:
Rents and purchased transportation	693,685	705,414
Salaries, wages and employee benefits	330,510	304,394
Fuel and fuel taxes	81,813	119,950
Depreciation and amortization	81,378	68,967
Operating supplies and expenses	50,481	50,788
Insurance and claims	17,428	15,832
General and administrative expenses, net of asset dispositions	13,933	9,925
Operating taxes and licenses	10,088	8,973
Communication and utilities	5,644	5,358
Total operating expenses	1,284,960	1,289,601
Operating income	155,220	117,307
Net interest expense	6,703	6,380
Earnings before income taxes	148,517	110,927
Income taxes	56,585	42,263
Net earnings	$91,932	$68,664
Weighted average basic shares outstanding (in Shares)	116,558	117,250
Basic earnings per share (in Dollars per share)	$0.79	$0.59
Weighted average diluted shares outstanding (in Shares)	117,800	118,943
Diluted earnings per share (in Dollars per share)	$0.78	$0.58
Dividends declared per common share (in Dollars per share)	$0.21	$0.20

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$5,646	$5,961
Trade accounts receivable, net	631,172	653,795
Prepaid expenses and other	148,063	201,743
Deferred income taxes	18,631	18,631
Total current assets	803,512	880,130
Property and equipment, at cost	3,801,192	3,719,757
Less accumulated depreciation	1,248,329	1,237,225
Net property and equipment	2,552,863	2,482,532
Other assets	72,622	34,455
Total assets	3,428,997	3,397,117
Current liabilities:
Current portion of long-term debt	250,000	250,000
Trade accounts payable	328,111	325,838
Claims accruals	99,196	96,719
Accrued payroll	72,106	80,547
Other accrued expenses	12,918	17,966
Total current liabilities	762,331	771,070
Long-term debt	628,203	683,539
Other long-term liabilities	60,565	59,561
Deferred income taxes	700,518	678,424
Stockholders' equity	1,277,380	1,204,523
Total liabilities and stockholders' equity	$3,428,997	$3,397,117

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net earnings	$91,932	$68,664
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	81,378	68,967
Share-based compensation	10,129	9,972
Gain on sale of revenue equipment and other	-804	-2,691
Deferred income taxes	22,094	-5,287
Changes in operating assets and liabilities:
Trade accounts receivable	22,623	-66,592
Other assets	5,678	8,259
Trade accounts payable	1,742	35,038
Income taxes payable or receivable	30,883	42,764
Claims accruals	2,477	8,826
Accrued payroll and other accrued expenses	-12,589	-8,875
Net cash provided by operating activities	255,543	159,045
Cash flows from investing activities:
Additions to property and equipment	-180,158	-198,264
Net proceeds from sale of equipment	38,814	40,052
Change in other assets	-20,000
Net cash used in investing activities	-161,344	-158,212
Cash flows from financing activities:
Proceeds from issuances of long-term debt		499,642
Payments on long-term debt		-150,000
Proceeds from revolving lines of credit and other	439,762	397,946
Payments on revolving lines of credit and other	-505,071	-607,078
Purchase of treasury stock	-6,354
Stock option exercises and other	1,063	267
Stock repurchased for payroll taxes	-505	-99
Tax benefit of stock options exercised	1,060	320
Dividends paid	-24,468	-23,450
Net cash provided by/(used in) financing activities	-94,513	117,548
Net change in cash and cash equivalents	-314	118,381
Cash and cash equivalents at beginning of period	5,961	5,831
Cash and cash equivalents at end of period	5,646	124,212
Cash paid during the period for:
Interest	12,786	8,802
Income taxes	$1,638	$3,663

Note_1_General

Note 1 - General	3 Months Ended
	Mar. 31, 2015
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, 2014. 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, 2015, 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.
	In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which amends the current presentation of debt issuance costs in the financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The amendments are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015.  The adoption of the new guidance is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Note_2_Earnings_Per_Share

Note 2 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
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 or 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 first quarter 2015, compared to 1.7 million shares during the first quarter 2014.

Note_3_Sharebased_Compensation

Note 3 - Share-based Compensation	3 Months Ended
	Mar. 31, 2015
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
			March 31,
			2015		2014
	Restricted share units:
	Pretax compensation expense		$	7,651	$	7,760
	Tax benefit			2,915		2,957
	Restricted share unit expense, net of tax		$	4,736	$	4,803
	Performance share units:
	Pretax compensation expense		$	2,478	$	2,115
	Tax benefit			944		806
	Performance share unit expense, net of tax		$	1,534	$	1,309
	Stock options:
	Pretax compensation expense		$	-	$	97
	Tax benefit			-		37
	Stock option expense, net of tax		$	-	$	60
	As of March 31, 2015, we had $51.8 million and $14.3 million of total unrecognized compensation expense related to restricted share units and performance share units, respectively, that is to be recognized over the remaining weighted-average period of approximately 3.8 years for restricted share units and 2.6 years for performance share units. During the first quarter 2015, we issued 14,209 shares for vested restricted share units and 52,200 shares as a result of stock option exercises.

Note_4_Financing_Arrangements

Note 4 - Financing Arrangements	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4	Financing Arrangements
	Outstanding borrowings under our current financing arrangements consist of the following (in millions):
			31-Mar-15			December 31, 2014
	Senior revolving line of credit		$	126.5		$	183
	Senior notes, net of unamortized discount			751.7			750.5
	Less current portion of long-term debt			(250.0	)		(250.0	)
	Total long-term debt		$	628.2		$	683.5
	Senior Revolving Line of Credit
	At March 31, 2015, 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 March 31, 2015, we had $126.5 million outstanding at an average interest rate of 1.13% under this agreement.
	Senior Notes
	Our 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. At March 31, 2014 we had $100 million dollars outstanding on our 6.08% senior notes, which was paid in full in April 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 March 31, 2015.

Note_5_Derivative_Financial_In

Note 5 - Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2015
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 1.12% at March 31, 2015. The swap expires March 15, 2019, when the related senior notes are due. The fair value of this swap is recorded in other assets in our Condensed Consolidated Balance Sheet at March 31, 2015. 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	3 Months Ended
	Mar. 31, 2015
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 $207 million was remaining at March 31, 2015. We purchased approximately 79,500 shares, or $6.4 million, of our common stock under our repurchase authorization during the three months ended March 31, 2015. On January 29, 2015, we announced an increase in our quarterly cash dividend from $0.20 to $0.21, which was paid February 26, 2015, to stockholders of record on February 12, 2015. On April 23, 2015, our Board of Directors declared a regular quarterly dividend of $0.21 per common share, which will be paid on May 22, 2015, to stockholders of record on May 8, 2015.

Note_7_Fair_Value_Measurements

Note 7 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 (in millions):
			Asset/(Liability)			Input Level
			Balance
	Trading investments		$	13.7			1
	Interest rate swap		$	2.1			2
	Senior notes		$	(252.0	)		2
	Trading investments and the interest rate swap are classified in other assets in our Condensed Consolidated Balance Sheets and 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 March 31, 2015, using the income method (Level 2), based on their net present value, discounted at our current borrowing rate, of our remaining senior notes not measured at fair value on a recurring basis, were $628.2 million and $775.3 million, respectively.
	The carrying amounts of all other instruments at March 31, 2015, approximate their fair value due to the short maturity of these instruments.

Note_8_Income_Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	8	Income Taxes
	Our effective income tax rate was 38.10% for the three months ended March 31, 2015 and March 31, 2014. 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 March 31, 2015, 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, $21.0 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 $3.9 million at March 31, 2015.

Note_9_Legal_Proceedings

Note 9 - Legal Proceedings	3 Months Ended
	Mar. 31, 2015
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 action 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	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	10	Business Segments
	We reported four distinct business segments during the three months ended March 31, 2015 and 2014. 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, 2014. A summary of certain segment information is presented below (in millions):
			Assets
			(Excludes intercompany accounts)
			As of
			31-Mar-15			31-Dec-14
	JBI		$	1,776		$	1,733
	DCS			857			832
	ICS			87			106
	JBT			311			289
	Other (includes corporate)			398			437
	Total		$	3,429		$	3,397
			Operating Revenues
			For The Three Months Ended
			March 31,
			2015			2014
	JBI		$	844		$	836
	DCS			345			322
	ICS			163			163
	JBT			91			92
	Subtotal			1,443			1,413
	Inter-segment eliminations			(3	)		(6	)
	Total		$	1,440		$	1,407
			Operating Income
			For The Three Months Ended
			March 31,
			2015			2014
	JBI		$	104.3		$	93.2
	DCS			35.8			15.6
	ICS			6.6			6.1
	JBT			8.5			2.4
	Total		$	155.2		$	117.3
			Depreciation and Amortization Expense
			For The Three Months Ended
			March 31,
			2015			2014
	JBI		$	35.1		$	30.5
	DCS			31.9			27.7
	ICS			0.3			0.2
	JBT			10.2			7
	Other (includes corporate)			3.9			3.6
	Total		$	81.4		$	69

Note_3_Sharebased_Compensation1

Note 3 - Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
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
		March 31,
		2015		2014
	Restricted share units:
	Pretax compensation expense	$	7,651	$	7,760
	Tax benefit		2,915		2,957
	Restricted share unit expense, net of tax	$	4,736	$	4,803
	Performance share units:
	Pretax compensation expense	$	2,478	$	2,115
	Tax benefit		944		806
	Performance share unit expense, net of tax	$	1,534	$	1,309
	Stock options:
	Pretax compensation expense	$	-	$	97
	Tax benefit		-		37
	Stock option expense, net of tax	$	-	$	60

Note_4_Financing_Arrangements_

Note 4 - Financing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]		31-Mar-15			December 31, 2014
	Senior revolving line of credit	$	126.5		$	183
	Senior notes, net of unamortized discount		751.7			750.5
	Less current portion of long-term debt		(250.0	)		(250.0	)
	Total long-term debt	$	628.2		$	683.5

Note_7_Fair_Value_Measurements1

Note 7 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
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	$	13.7			1
	Interest rate swap	$	2.1			2
	Senior notes	$	(252.0	)		2

Note_10_Business_Segments_Tabl

Note 10 - Business Segments (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Reconciliation of Assets from Segment to Consolidated [Table Text Block]		Assets
		(Excludes intercompany accounts)
		As of
		31-Mar-15			31-Dec-14
	JBI	$	1,776		$	1,733
	DCS		857			832
	ICS		87			106
	JBT		311			289
	Other (includes corporate)		398			437
	Total	$	3,429		$	3,397
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]		Operating Revenues
		For The Three Months Ended
		March 31,
		2015			2014
	JBI	$	844		$	836
	DCS		345			322
	ICS		163			163
	JBT		91			92
	Subtotal		1,443			1,413
	Inter-segment eliminations		(3	)		(6	)
	Total	$	1,440		$	1,407
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]		Operating Income
		For The Three Months Ended
		March 31,
		2015			2014
	JBI	$	104.3		$	93.2
	DCS		35.8			15.6
	ICS		6.6			6.1
	JBT		8.5			2.4
	Total	$	155.2		$	117.3
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]		Depreciation and Amortization Expense
		For The Three Months Ended
		March 31,
		2015			2014
	JBI	$	35.1		$	30.5
	DCS		31.9			27.7
	ICS		0.3			0.2
	JBT		10.2			7
	Other (includes corporate)		3.9			3.6
	Total	$	81.4		$	69

Note_2_Earnings_Per_Share_Deta

Note 2 - Earnings Per Share (Details)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1.2	1.7

Note_3_Sharebased_Compensation2

Note 3 - Share-based Compensation (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015
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	$51.80
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 292 days
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	14,209
Performance Shares [Member]
Note 3 - Share-based Compensation (Details) [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$14.30
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 219 days
Employee Stock Option [Member]
Note 3 - Share-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	52,200

Note_3_Sharebased_Compensation3

Note 3 - Share-based Compensation (Details) - Components of Share-based Compensation (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Restricted share units:
Pretax compensation expense	$10,129	$9,972
Restricted Stock Units (RSUs) [Member]
Restricted share units:
Pretax compensation expense	7,651	7,760
Tax benefit	2,915	2,957
Share-based compensation expense, net of tax	4,736	4,803
Performance Shares [Member]
Restricted share units:
Pretax compensation expense	2,478	2,115
Tax benefit	944	806
Share-based compensation expense, net of tax	1,534	1,309
Employee Stock Option [Member]
Restricted share units:
Pretax compensation expense		97
Tax benefit		37
Share-based compensation expense, net of tax		$60

Note_4_Financing_Arrangements_1

Note 4 - Financing Arrangements (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Millions, unless otherwise specified
Senior Notes First Issuance [Member] | Senior Notes [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Unsecured Debt	$250
Debt Instrument, Interest Rate, Stated Percentage	3.38%
Senior Notes Second Issuance [Member] | Senior Notes [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Unsecured Debt	250
Debt Instrument, Interest Rate, Stated Percentage	2.40%
Senior Notes Third Issuance [Member] | Senior Notes [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Unsecured Debt	250
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Line of Credit [Member] | Senior Debt Obligations [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	500
Long-term Line of Credit	126.5	183
Debt, Weighted Average Interest Rate	1.13%
Senior Notes [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Unsecured Debt			100
Debt Instrument, Interest Rate, Stated Percentage			6.08%
Senior Debt Obligations [Member]
Note 4 - Financing Arrangements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Increase	$250

Note_4_Financing_Arrangements_2

Note 4 - Financing Arrangements (Details) - Outstanding Borrowings (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	628,203,000	683,539,000
Senior Debt Obligations [Member] | Line of Credit [Member]
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items]
Senior revolving line of credit	126,500,000	183,000,000
Senior Debt Obligations [Member] | Senior Notes [Member]
Note 4 - Financing Arrangements (Details) - Outstanding Borrowings [Line Items]
Senior notes, net of unamortized discount	$751,700,000	$750,500,000

Note_5_Derivative_Financial_In1

Note 5 - Derivative Financial Instruments (Details) (USD $)	Mar. 31, 2015	Mar. 06, 2014	Mar. 31, 2014
In Millions, unless otherwise specified
Fair Value Hedging [Member] | Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Note 5 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Variable Interest Rate	1.12%
Fair Value Hedging [Member] | Interest Rate Swap [Member]
Note 5 - Derivative Financial Instruments (Details) [Line Items]
Derivative, Notional Amount		$250
Senior Notes [Member] | Senior Notes Second Issuance [Member]
Note 5 - Derivative Financial Instruments (Details) [Line Items]
Unsecured Debt	250
Debt Instrument, Interest Rate, Stated Percentage	2.40%
Senior Notes [Member]
Note 5 - Derivative Financial Instruments (Details) [Line Items]
Unsecured Debt			$100
Debt Instrument, Interest Rate, Stated Percentage			6.08%

Note_6_Capital_Stock_Details

Note 6 - Capital Stock (Details) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended	0 Months Ended
In Millions, except Share data, unless otherwise specified	Jan. 29, 2015	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Apr. 23, 2015	Oct. 27, 2011
Note 6 - Capital Stock (Details) [Line Items]
Stock Repurchase Program, Authorized Amount						$500
Stock Repurchase Program, Remaining Authorized Repurchase Amount		207
Treasury Stock, Shares, Acquired		79,500
Treasury Stock, Value, Acquired		$6.40
Common Stock, Dividends, Per Share, Declared	$0.21	$0.21	$0.20	$0.20
Subsequent Event [Member]
Note 6 - Capital Stock (Details) [Line Items]
Common Stock, Dividends, Per Share, Declared					$0.21

Note_7_Fair_Value_Measurements2

Note 7 - Fair Value Measurements (Details) (Fair Value, Measurements, Nonrecurring [Member], Senior Notes [Member], USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Note 7 - Fair Value Measurements (Details) [Line Items]
Long-term Debt	$628.20
Estimate of Fair Value Measurement [Member]
Note 7 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$775.30

Note_7_Fair_Value_Measurements3

Note 7 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value (USD $)	Mar. 31, 2015
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	$13.70
Fair Value, Inputs, Level 2 [Member]
Note 7 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value [Line Items]
Interest rate swap	2.1
Senior notes	($252)

Note_8_Income_Taxes_Details

Note 8 - Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	38.10%	38.10%
Unrecognized Tax Benefits	$32.40
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	21
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$3.90

Note_10_Business_Segments_Deta

Note 10 - Business Segments (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting [Abstract]
Number of Reportable Segments	4	4

Note_10_Business_Segments_Deta1

Note 10 - Business Segments (Details) - Assets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$3,428,997	$3,397,117
Operating Segments [Member] | JBI [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,776,000	1,733,000
Operating Segments [Member] | DCS [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	857,000	832,000
Operating Segments [Member] | ICS [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	87,000	106,000
Operating Segments [Member] | JBT [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	311,000	289,000
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$398,000	$437,000

Note_10_Business_Segments_Deta2

Note 10 - Business Segments (Details) - Operating Revenues (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$1,440,180	$1,406,908
Operating Segments [Member] | JBI [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	844,000	836,000
Operating Segments [Member] | DCS [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	345,000	322,000
Operating Segments [Member] | ICS [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	163,000	163,000
Operating Segments [Member] | JBT [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	91,000	92,000
Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,443,000	1,413,000
Intersegment Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	($3,000)	($6,000)

Note_10_Business_Segments_Deta3

Note 10 - Business Segments (Details) - Operating Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income	$155,220	$117,307
Operating Segments [Member] | JBI [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income	104,300	93,200
Operating Segments [Member] | DCS [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income	35,800	15,600
Operating Segments [Member] | ICS [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income	6,600	6,100
Operating Segments [Member] | JBT [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income	$8,500	$2,400

Note_10_Business_Segments_Deta4

Note 10 - Business Segments (Details) - Depreciation and Amortization (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	$81,378	$68,967
Operating Segments [Member] | JBI [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	35,100	30,500
Operating Segments [Member] | DCS [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	31,900	27,700
Operating Segments [Member] | ICS [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	300	200
Operating Segments [Member] | JBT [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	10,200	7,000
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization expense	$3,900	$3,600