J.B. Hunt Transport Services (JBHT) 10-K 23 Feb 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 16, 2016	Jun. 30, 2015
Entity Registrant Name	HUNT J B TRANSPORT SERVICES INC
Entity Central Index Key	728,535
Trading Symbol	jbht
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		112,774,244
Entity Public Float			$ 7.5
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 5,566,000	$ 5,961,000
Trade accounts receivable, net	654,542,000	653,795,000
Inventories	23,191,000	27,740,000
Prepaid licenses and permits	25,057,000	22,886,000
Prepaid insurance	60,599,000	55,660,000
Other current assets	90,412,000	95,457,000
Total current assets	859,367,000	861,499,000
Property and equipment, at cost:
Revenue and service equipment	3,636,767,000	3,336,529,000
Land	39,026,000	38,978,000
Structures and improvements	154,142,000	153,704,000
Furniture and office equipment	189,516,000	190,546,000
Total property and equipment	4,019,451,000	3,719,757,000
Less accumulated depreciation	1,318,122,000	1,237,225,000
Net property and equipment	2,701,329,000	2,482,532,000
Other assets	75,871,000	34,455,000
Total assets	$ 3,636,567,000	3,378,486,000
Current liabilities:
Current portion of long-term debt		250,000,000
Trade accounts payable	$ 340,332,000	325,838,000
Claims accruals	104,220,000	96,719,000
Accrued payroll	59,420,000	80,547,000
Other accrued expenses	28,445,000	17,966,000
Total current liabilities	532,417,000	771,070,000
Long-term debt	1,005,026,000	683,539,000
Other long-term liabilities	58,552,000	59,561,000
Deferred income taxes	740,220,000	659,793,000
Total liabilities	$ 2,336,215,000	$ 2,173,963,000
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $100 par value. 10 million shares authorized; none outstanding	$ 0	$ 0
Common stock, $.01 par value. 1 billion shares authorized; (167,099,432 shares issued at December 31, 2015 and 2014, of which 113,947,780 shares and 116,575,163 shares were outstanding at December 31, 2015 and 2014, respectively)	1,671,000	1,671,000
Additional paid-in capital	268,728,000	247,641,000
Retained earnings	2,885,843,000	2,555,972,000
Treasury stock, at cost (53,151,652 shares at December 31, 2015, and 50,524,269 shares at December 31, 2014)	(1,855,890,000)	(1,600,761,000)
Total stockholders’ equity	1,300,352,000	1,204,523,000
Total liabilities and stockholders' equity	$ 3,636,567,000	$ 3,378,486,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	167,099,432	167,099,432
Common stock, shares outstanding (in shares)	113,947,780	116,575,163
Treasury stock, shares (in shares)	53,151,652	50,524,269

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating revenues, excluding fuel surcharge revenues	$ 5,516,282	$ 5,082,827	$ 4,527,238
Fuel surcharge revenues	671,364	1,082,614	1,057,333
Total operating revenues	6,187,646	6,165,441	5,584,571
Operating expenses:
Rents and purchased transportation	2,994,586	3,085,276	2,805,568
Salaries, wages and employee benefits	1,394,239	1,290,404	1,138,213
Fuel and fuel taxes	313,034	453,919	455,926
Depreciation and amortization	339,613	294,496	253,380
Operating supplies and expenses	220,597	218,539	202,700
Insurance and claims	73,689	81,062	55,158
General and administrative expenses, net of asset dispositions	72,522	50,596	45,469
Operating taxes and licenses	43,084	38,796	32,307
Communication and utilities	20,588	20,811	19,142
Total operating expenses	5,471,952	5,533,899	5,007,863
Operating income	715,694	631,542	576,708
Interest income	86	87	69
Interest expense	25,577	27,028	23,209
Earnings before income taxes	690,203	604,601	553,568
Income taxes	262,968	229,809	211,186
Net earnings	$ 427,235	$ 374,792	$ 342,382
Weighted average basic shares outstanding (in shares)	115,677	117,000	117,449
Basic earnings per share (in dollars per share)	$ 3.69	$ 3.20	$ 2.92
Weighted average diluted shares outstanding (in shares)	116,728	118,445	119,404
Diluted earnings per share (in dollars per share)	$ 3.66	$ 3.16	$ 2.87
Dividends declared per common share (in dollars per share)	$ 0.84	$ 0.80	$ 0.45

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Parent [Member]	Total
Balances at Dec. 31, 2012	$ 1,671,000	$ 207,073,000	$ 1,985,213,000	$ (1,402,097,000)	$ 791,860,000
Comprehensive income:
Net earnings			342,382,000		342,382,000	$ 342,382,000
Cash dividend declared and paid			(52,811,000)		(52,811,000)
Tax benefit of stock options exercised		21,950,000			21,950,000	21,950,000
Purchase of treasury shares				(114,723,000)	(114,723,000)
Share-based compensation		32,354,000			32,354,000	32,354,000
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(34,782,000)		26,222,000	(8,560,000)
Balances at Dec. 31, 2013	1,671,000	226,595,000	2,274,784,000	(1,490,598,000)	1,012,452,000
Comprehensive income:
Net earnings			374,792,000		374,792,000	374,792,000
Cash dividend declared and paid			(93,604,000)		(93,604,000)
Tax benefit of stock options exercised		16,645,000			16,645,000	16,645,000
Purchase of treasury shares				(125,000,000)	(125,000,000)
Share-based compensation		35,333,000			35,333,000	35,333,000
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(30,932,000)		14,837,000	(16,095,000)
Balances at Dec. 31, 2014	1,671,000	247,641,000	2,555,972,000	(1,600,761,000)	1,204,523,000	1,204,523,000
Comprehensive income:
Net earnings			427,235,000		427,235,000	427,235,000
Cash dividend declared and paid			(97,364,000)		(97,364,000)
Tax benefit of stock options exercised		12,877,000			12,877,000	12,877,000
Purchase of treasury shares				(262,275,000)	(262,275,000)
Share-based compensation		37,228,000			37,228,000	37,228,000
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(29,018,000)		7,146,000	(21,872,000)
Balances at Dec. 31, 2015	$ 1,671,000	$ 268,728,000	$ 2,885,843,000	$ (1,855,890,000)	$ 1,300,352,000	$ 1,300,352,000

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Retained Earnings [Member]
Cash dividend declared and paid per share (in dollars per share)	$ 0.84	$ 0.80	$ 0.45

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net earnings	$ 427,235,000	$ 374,792,000	$ 342,382,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	339,613,000	294,496,000	253,380,000
Share-based compensation	37,228,000	35,333,000	32,354,000
Gain on sale of revenue equipment and other	(1,281,000)	(6,342,000)	(5,334,000)
Provision for deferred income taxes	80,427,000	79,343,000	48,076,000
Changes in operating assets and liabilities:
Trade accounts receivable	(747,000)	(85,276,000)	(102,508,000)
Income taxes receivable or payable	3,055,000	(72,291,000)	(5,381,000)
Other current assets	(17,735,000)	(29,793,000)	(23,254,000)
Trade accounts payable	8,600,000	15,284,000	11,530,000
Claims accruals	7,502,000	28,498,000	20,779,000
Accrued payroll and other accrued expenses	(10,589,000)	12,735,000	2,327,000
Net cash provided by operating activities	873,308,000	646,779,000	574,351,000
Cash flows from investing activities:
Additions to property and equipment	(725,122,000)	(808,569,000)	(493,431,000)
Proceeds from sale of equipment	168,686,000	148,859,000	50,927,000
Change in other assets	(20,096,000)	29,000	(37,000)
Net cash used in investing activities	(576,532,000)	(659,681,000)	$ (442,541,000)
Cash flows from financing activities:
Proceeds from issuances of long-term debt	349,129,000	499,642,000
Payments on long-term debt	(250,000,000)	(250,000,000)	$ (100,000,000)
Proceeds from revolving lines of credit and other	2,110,800,000	2,092,193,000	1,933,753,000
Payments on revolving lines of credit and other	(2,138,466,000)	(2,110,749,000)	(1,811,177,000)
Purchase of treasury stock	(262,275,000)	(125,000,000)	(114,723,000)
Stock option exercises and other	2,978,000	7,324,000	9,403,000
Stock repurchased for payroll taxes	(24,850,000)	(23,419,000)	(17,963,000)
Tax benefit of stock options exercised	12,877,000	16,645,000	21,950,000
Dividends paid	(97,364,000)	(93,604,000)	(52,811,000)
Net cash provided by/(used in) financing activities	(297,171,000)	13,032,000	(131,568,000)
Net increase/(decrease) in cash and cash equivalents	(395,000)	130,000	242,000
Cash and cash equivalents at beginning of year	5,961,000	5,831,000	5,589,000
Cash and cash equivalents at end of year	5,566,000	5,961,000	5,831,000
Cash paid during the year for:
Interest	27,245,000	26,685,000	24,722,000
Income taxes	$ 163,304,000	$ 192,955,000	$ 141,968,000

Note 1 - Business

Note 1 - Business	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Business J.B. Hunt Transport Services, Inc. is one of the largest surface transportation and delivery service companies in North America. We operate four distinct, but complementary, business segments and provide a wide range of general and specifically tailored freight and logistics services to our customers. We generate revenues from the actual movement of freight from shippers to consignees, customized labor and delivery services, and serving as a logistics provider by offering or arranging for others to provide the transportation service. Unless otherwise indicated by the context, “we,” “us,” “our” and “JBHT” refer to J.B. Hunt Transport Services, Inc. and its consolidated subsidiaries.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Consolidation Our Consolidated Financial Statements include all of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. J.B. Hunt Transport Services, Inc. is a parent-level holding company with no significant assets or operations. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of J.B. Hunt Transport Services, Inc. and is the primary operating subsidiary. All other subsidiaries of J.B. Hunt Transport Services, Inc. are minor. Use of Estimates The Consolidated Financial Statements contained in this report have been prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of these statements requires us to make estimates and assumptions that directly affect the amounts reported in such statements and accompanying notes. We evaluate these estimates on an ongoing basis utilizing historical experience, consulting with experts and using other methods we consider reasonable in the particular circumstances. Nevertheless, our actual results may differ significantly from our estimates. We believe certain accounting policies and estimates are of more significance in our financial statement preparation process than others. We believe the most critical accounting policies and estimates include the economic useful lives and salvage values of our assets, provisions for uncollectible accounts receivable, estimates of exposures under our insurance and claims policies, and estimates for taxes. To the extent that actual, final outcomes are different from our estimates, or that additional facts and circumstances cause us to revise our estimates, our earnings during that accounting period will be affected. Cash and Cash Equivalents Cash in excess of current operating requirements is invested in short-term, highly liquid investments. We consider all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. Accounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts and revenue adjustments. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts and revenue adjustments is based on historical experience, as well as any known trends or uncertainties related to customer billing and account collectability. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not be recovered. The allowance for uncollectible accounts and revenue adjustments was $9.9 million and $9.5 million at December 31, 2015 and 2014, respectively. Inventory Our inventories consist primarily of revenue equipment parts, tires, supplies, and fuel and are valued using the lower of average cost or market. Investments in Marketable Equity Securities Our investments consist of marketable equity securities stated at fair value and are designated as either trading securities or available-for-sale securities at the time of purchase based upon the intended holding period. Changes in the fair value of our trading securities are recognized currently in “general and administrative expenses, net of asset dispositions” in our Consolidated Statements of Earnings. Changes in the fair value of our available-for-sale securities are recognized in “accumulated other comprehensive income” on our Consolidated Balance Sheets, unless we determine that an unrealized loss is other-than-temporary. If we determine that an unrealized loss is other-than-temporary, we recognize the loss in earnings. Cost basis is determined using average cost. At December 31, 2015 and 2014, we had no available-for-sale securities. See Note 8, Employee Benefit Plans, for a discussion of our trading securities. Property and Equipment Depreciation of property and equipment is calculated on the straight-line method over the estimated useful lives of 4 to 10 years for tractors, 7 to 20 years for trailing equipment, 10 to 40 years for structures and improvements, and 3 to 10 years for furniture and office equipment. Salvage values are typically 10% to 30% of original cost for tractors and trailing equipment and reflect any agreements with tractor suppliers for residual or trade-in values for certain new equipment. We capitalize tires placed in service on new revenue equipment as a part of the equipment cost. Replacement tires and costs for recapping tires are expensed at the time the tires are placed in service. Gains and losses on the sale or other disposition of equipment are recognized at the time of the disposition and are classified in general and administrative expenses, net of asset dispositions. Revenue Recognition We recognize revenue based on relative transit time in each reporting period and as other services are provided, with expenses recognized as incurred. Accordingly, a portion of the total revenue that will be billed to the customer once a load is delivered is recognized in each reporting period based on the percentage of the freight pickup and delivery service that has been completed at the end of the reporting period. We record revenues on the gross basis at amounts charged to our customers because we are the primary obligor, we are a principal in the transaction, we invoice our customers and retain all credit risks, and we maintain discretion over pricing. Additionally, we are responsible for selection of third-party transportation providers to the extent used to satisfy customer freight requirements. Derivative Instruments We periodically utilize derivative instruments to manage exposure to changes in interest rates. 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. Income Taxes Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. We record valuation allowances for deferred tax assets to the extent we believe these assets are not more likely than not to be realized through the reversal of existing taxable temporary differences, projected future taxable income, or tax-planning strategies. We record a liability for unrecognized tax benefits when the benefits of tax positions taken on a tax return are not more likely than not to be sustained upon audit. Interest and penalties related to uncertain tax positions are classified as interest expense in the Consolidated Financial Statements. 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 reflect the potential dilution that could occur if holders of unvested restricted and performance share units or options exercised or converted their holdings into common stock. Outstanding unvested restricted share units and stock options represent the dilutive effects on weighted average shares. A reconciliation of the number of shares used in computing basic and diluted earnings per share is shown below (in thousands): Years ended December 31, 2015 2014 2013 Weighted average shares outstanding – basic 115,677 117,000 117,449 Effect of common stock equivalents 1,051 1,445 1,955 Weighted average shares outstanding – diluted 116,728 118,445 119,404 Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, include trade receivables. For the years ended December 31, 2015, 2014, and 2013, our top 10 customers, based on revenue, accounted for approximately 29%, 28%, and 29%, respectively, of our total revenue. Our top 10 customers, based on revenue, accounted for approximately 27% and 29% of our total trade accounts receivable at December 31, 2015 and 2014, respectively. We had no individual customers with revenues greater than 10% of total revenues. Share-based Compensation We have share-based compensation plans covering certain employees, including officers and directors. We account for share-based compensation utilizing the fair value recognition provisions of current accounting standards for share-based payments. We currently utilize restricted share units, performance share units, and nonstatutory stock options. Issuances of our stock upon restricted share unit and performance share unit vesting or share option exercise are made from treasury stock. Our restricted share unit and performance share unit awards may include both graded-vesting and cliff-vesting awards and therefore vest in increments during the requisite service period or at the end of the requisite service period, as appropriate for each type of vesting. We recognize compensation expense on a straight-line basis over the requisite service periods within each award. Claims Accruals We purchase insurance coverage for a portion of expenses related to employee injuries, vehicular collisions, accidents, and cargo damage. We are substantially self-insured for loss of and damage to our owned and leased revenue equipment. Certain insurance arrangements include a level of self-insurance (deductible) coverage applicable to each claim. We have umbrella policies to limit our exposure to catastrophic claim costs. The amounts of self-insurance change from time to time based on measurement dates, policy expiration dates, and claim type. For 2013 through 2015, we were self-insured for $500,000 per occurrence for personal injury and property damage and self-insured for $100,000 per workers’ compensation claim. We have policies in place for 2016 with substantially the same terms as our 2015 policies for personal injury, workers’ compensation, and cargo and property damage. Our claims accrual policy for all self-insured claims is to recognize a liability at the time of the incident based on our analysis of the nature and severity of the claims and analyses provided by third-party claims administrators, as well as legal, economic, and regulatory factors. Our safety and claims personnel work directly with representatives from the insurance companies to continually update the estimated cost of each claim. The ultimate cost of a claim develops over time as additional information regarding the nature, timing, and extent of damages claimed becomes available. Accordingly, we use an actuarial method to develop current claim information to derive an estimate of our ultimate claim liability. This process involves the use of loss-development factors based on our historical claims experience and includes a contractual premium adjustment factor, if applicable. In doing so, the recorded liability considers future claims growth and, if applicable, conversion to fully insured status and provides an allowance for incurred-but-not-reported claims. We do not discount our estimated losses. At December 31, 2015 and 2014, we had an accrual of approximately $95 million and $88 million, respectively, for estimated claims. In addition, we are required to pay certain advanced deposits and monthly premiums. At December 31, 2015 and 2014, we had an aggregate prepaid insurance asset of approximately $87 million and $68 million, respectively, which represented prefunded premiums. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) 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. We have the option of using either a full retrospective or a modified retrospective approach when adopting this new standard. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of ASU 2014-09 one year to interim and annual periods beginning after December 15, 2017. Early adoption is permitted after the original effective date of December 15, 2016. 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, Interest – Imputation of Interest: 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, but early adoption is permitted. The adoption of the new guidance is not expected to have a material impact on our financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, which amends certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments are to be applied by means of a cumulative-effect adjustment to the balance sheet and are effective for interim and annual periods beginning after December 15, 2017. With certain exceptions, early adoption is not permitted. The adoption of the new guidance is not expected to have a material impact on our financial statements. Accounting Pronouncements Adopted in 2015 In November 2015, the FASB issued ASU 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes, which amends the current presentation of deferred taxes in the financial statements. ASU 2015-17 requires that deferred tax assets and deferred tax liabilities be presented in the balance sheet as noncurrent, which simplifies the current guidance that requires entities to separately present these items as current and noncurrent in the balance sheet. The amendments can be applied retrospectively or prospectively and are effective for interim and annual periods beginning after December 15, 2016, but early adoption is permitted. We retroactively adopted ASU 2015-17 at December 31, 2015, and have reclassified all prior periods to be consistent with the amendments outlined in the ASU. The impact of the prior period reclassification was an $18.6 million reduction of current assets and working capital at December 31, 2014.

Note 3 - Financing Arrangements

Note 3 - Financing Arrangements	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	3. Financing Arrangements Outstanding borrowings under our current financing arrangements consist of the following (in millions): December 31, 2015 2014 Senior revolving line of credit $ 150.0 $ 183.0 Senior notes, net of unamortized discount 855.0 750.5 Less current portion of long-term debt - (250.0 ) Total long-term debt $ 1,005.0 $ 683.5 Aggregate maturities of long-term debt subsequent to December 31, 2015, are as follows: $252.3 million in 2019, $150.0 million in 2020, and $602.7 million thereafter. Senior Revolving Line of Credit In September 2015, we replaced our $500 million senior revolving credit facility established in August 2011 with a new credit facility authorizing us 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. This new senior credit facility has a five-year term expiring in September 2020, and 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 December 31, 2015, we had $150 million outstanding at an average interest rate of 1.39% under this agreement. Senior Notes Our senior notes consist of three separate issuances. The first and second 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. Interest payments under both notes are due semiannually in March and September of each year. The third issuance is $350 million of 3.30% senior notes due August 2022, issued in August 2015. Interest payments under this note are due semiannually in February and August of each year, beginning February 2016. All three senior notes were issued by J.B. Hunt Transport Services, Inc., a parent-level holding company with no significant assets or operations. The notes are guarantied 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. 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 4, Derivative Financial Instruments, for terms of interest rate swaps entered into on the $250 million of 2.40% senior notes due March 2019 and the $350 million of 3.30% senior notes due August 2022. Our $250 million of 3.375% senior notes matured in September 2015. The entire outstanding balance was paid in full at maturity. Our financing arrangements require us to maintain certain covenants and financial ratios. We were in compliance with all covenants and financial ratios at December 31, 2015.

Note 4 - Derivative Financial I

Note 4 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	4. 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. We entered into receive fixed-rate and pay variable-rate interest rate swap agreements simultaneously with the issuance of our $250 million of 2.40% senior notes due March 2019 and $350 million of 3.30% senior notes due August 2022, to effectively convert this fixed-rate debt to variable-rate. The notional amounts of these interest rate swap agreements equal those of the corresponding fixed-rate debt. The applicable interest rates under these agreements is based on LIBOR plus an established margin, resulting in an interest rate of 1.36% for our $250 million of 2.40% senior notes and 1.72% for our $350 million of 3.30% senior notes at December 31, 2015. The swaps expire when the corresponding senior notes are due. The fair values of these swaps are recorded in other assets in our Consolidated Balance Sheet at December 31, 2015. See Note 9, Fair Value Measurements, for disclosure of fair value. These derivatives meet the required criteria to be designated as fair value hedges and as the specific terms and notional amounts of these derivative instruments match those of the fixed-rate debt being hedged, these derivative instruments are 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 these interest rate swaps recorded in earnings is offset by a corresponding change in the fair value of the related debt.

Note 5 - Capital Stock

Note 5 - Capital Stock	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5. Capital Stock We have one class of preferred stock and one class of common stock. We had no outstanding shares of preferred stock at December 31, 2015 or 2014. Holders of shares of common stock are entitled to receive dividends when and if declared by the Board of Directors and are entitled to one vote per share on all matters submitted to a vote of the stockholders. At December 31, 2015, we had 2.0 million shares of common stock to be issued upon the exercise or vesting of equity awards and 7.5 million shares reserved for future issuance pursuant to share-based payment plans. During calendar year 2015, we purchased approximately 3.3 million shares, or $262.3 million, of our common stock in accordance with plans authorized by our Board. At December 31, 2015, we had $451.0 million available under an authorized plan to purchase our common stock.

Note 6 - Share-based Compensati

Note 6 - Share-based Compensation	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	6. Share-based Compensation We maintain a Management Incentive Plan (the “Plan”) that provides various share-based financial methods to compensate our key employees with shares of our common stock or common stock equivalents. Under the Plan, as amended, we have, from time to time, utilized restricted share units, performance share units, restricted options, and nonstatutory stock options to compensate our employees and directors. We currently are utilizing restricted and performance share units and nonstatutory stock options. Our restricted share units have various vesting schedules generally ranging from 3 to 10 years when awarded. These restricted share units do not contain rights to vote or receive dividends until the vesting date. Unvested restricted share units are forfeited if the employee terminates for any reason other than death, disability, or special circumstances as determined by the Compensation Committee. Restricted share units are valued based on the fair value of the award on the grant date, adjusted for dividend estimates based on grant date dividend rates. Our performance share units vest based on the passage of time (generally 3 to 10 years) and achievement of performance criteria. Performance share units do not contain rights to vote or receive dividends until the vesting date. Unvested performance share units are forfeited if the employee terminates for any reason other than death or disability. Performance shares are valued based on the fair value of the award on the grant date, adjusted for dividend estimates based on grant date dividend rates. Our nonstatutory stock options may be granted to key employees for the purchase of our common stock for 100% of the fair market value of the common stock at the grant date as awarded by the Compensation Committee. These options generally vest over a 10-year period and are forfeited immediately if the employee terminates for any reason other than death, disability or retirement after age 55. We did not grant any stock options during the years ended December 31, 2015, 2014, and 2013. An employee is allowed to surrender shares of common stock that the employee has owned for at least six months in full or partial payment of the option price of an option being exercised and/or to satisfy tax withholding obligations incident to the vesting of restricted share units, performance share units, or the exercise of an option. We account for our restricted share units, performance share units, and stock options in accordance with current accounting standards for share-based payments. These standards require that the cost of all share-based payments to employees, including grants of employee stock options, be recognized in our Consolidated Financial Statements based on the grant date fair value of those awards. This cost is recognized over the period for which an employee is required to provide service in exchange for the award, subject to the attainment of performance metrics established for performance share units. Share-based compensation expense is recorded in salaries, wages, and employee benefits in our Consolidated Statements of Earnings, along with other compensation expenses to employees. The following table summarizes the components of our share-based compensation program expense (in thousands): Years ended December 31, 2015 2014 2013 Restricted share units Pretax compensation expense $ 27,898 $ 27,256 $ 25,606 Tax benefit 10,629 10,360 9,769 Restricted share units, net of tax $ 17,269 $ 16,896 $ 15,837 Performance share units Pretax compensation expense $ 9,330 $ 7,882 $ 5,941 Tax benefit 3,555 2,996 2,266 Performance share awards, net of tax $ 5,775 $ 4,886 $ 3,675 Stock options Pretax compensation expense $ - $ 195 $ 807 Tax benefit - 74 308 Stock option expense, net of tax $ - $ 121 $ 499 A summary of our restricted share units, performance share units, and nonstatutory stock options is as follows: Restricted Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 2012 2,835,466 $ 32.75 Granted 522,062 71.50 Vested (865,147 ) 31.92 Forfeited (70,951 ) 36.67 Unvested at December 31, 2013 2,421,430 $ 41.49 Granted 447,780 75.61 Vested (808,914 ) 37.33 Forfeited (119,298 ) 47.81 Unvested at December 31, 2014 1,940,998 $ 51.74 Granted 390,143 74.86 Vested (783,483 ) 39.45 Forfeited (30,908 ) 54.89 Unvested at December 31, 2015 1,516,750 $ 63.96 Performance Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 2012 309,500 $ 47.07 Granted 160,500 71.90 Vested (61,975 ) 47.48 Forfeited - - Unvested at December 31, 2013 408,025 $ 56.78 Granted 106,945 76.22 Vested (81,075 ) 53.26 Forfeited - - Unvested at December 31, 2014 433,895 $ 62.23 Granted 160,574 74.37 Vested (103,796 ) 58.28 Forfeited - - Unvested at December 31, 2015 490,673 $ 67.04 Stock Options Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 2012 1,031 $ 16.63 2.35 $ 44.4 Exercised (585 ) 14.77 - 34.0 Forfeited (6 ) 19.89 - - Outstanding at December 31, 2013 440 $ 19.08 1.67 $ 25.6 Exercised (341 ) 18.70 - 19.9 Forfeited (1 ) 19.08 - - Outstanding at December 31, 2014 98 $ 20.40 0.86 $ 6.3 Exercised (95 ) 20.35 - 5.8 Forfeited (1 ) 24.27 - - Outstanding at December 31, 2015 2 $ 20.76 0.05 $ 0.1 Exercisable 2 $ 20.76 0.05 $ 0.1 At December 31, 2015, we had $58.5 million and $19.4 million of total unrecognized compensation expense related to restricted share units and performance share units, respectively, that is expected to be recognized on a straight-line basis over the remaining weighted average vesting period of approximately 3.6 years for restricted share units and 2.6 years for performance share units. The aggregate intrinsic value of restricted and performance share units vested and options exercised during the years ended December 31, 2015, 2014, and 2013, was $80.8 million, $88.5 million, and $104.5 million, respectively. The aggregate intrinsic value of unvested restricted and performance share units was $147.3 million at December 31, 2015. The total fair value of shares vested for restricted share, performance share, and stock option plans during the years ended December 31, 2015, 2014, and 2013, was $37.3 million, $37.5 million, and $35.4 million, respectively.

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. Income Taxes Income tax expense attributable to earnings before income taxes consists of (in thousands): Years ended December 31, 2015 2014 2013 Current: Federal $ 160,235 $ 130,761 $ 144,299 State and local 22,306 19,705 18,811 182,541 150,466 163,110 Deferred: Federal 71,292 72,547 41,811 State and local 9,135 6,796 6,265 80,427 79,343 48,076 Total tax expense $ 262,968 $ 229,809 $ 211,186 Income tax expense attributable to earnings before income taxes differed from the amounts computed using the statutory federal income tax rate of 35% as follows (in thousands): Years ended December 31, 2015 2014 2013 Income tax at federal statutory rate $ 241,571 $ 211,610 $ 193,749 State tax, net of federal effect 18,671 17,357 13,551 Nondeductible meals and entertainment 1,420 1,395 1,543 Change in effective state tax rate, net of federal benefit 1,761 256 3,708 Change in valuation allowance - - (755 ) Other, net (455 ) (809 ) (610 ) Total tax expense $ 262,968 $ 229,809 $ 211,186 Income taxes receivable was $76.7 million and $79.8 million at December 31, 2015 and 2014, respectively. These amounts have been included in other current assets in our Consolidated Balance Sheets. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2015 and 2014, are presented below (in thousands): December 31, 2015 2014 Deferred tax assets: Insurance accruals $ 33,522 $ 30,565 Allowance for doubtful accounts 2,335 2,291 Compensation accrual 13,991 15,260 Deferred compensation accrual 24,687 25,042 Federal benefit of state uncertain tax positions 12,751 12,268 Capital loss carry-forward - 1,443 Other 4,036 3,954 Total gross deferred tax assets 91,322 90,823 Valuation allowance (552 ) (1,994 ) Total deferred tax assets, net of valuation allowance 90,770 88,829 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 786,840 707,071 Prepaid permits and insurance, principally due to expensing for income tax purposes 33,064 30,012 Other 11,086 11,539 Total gross deferred tax liabilities 830,990 748,622 Net deferred tax liability $ 740,220 $ 659,793 Guidance on accounting for uncertainty in income taxes prescribes recognition and measurement criteria and requires that we assess whether the benefits of our tax positions taken are more likely than not of being sustained under tax audits. We have made adjustments to the balance of unrecognized tax benefits, a component of other long-term liabilities on our Consolidated Balance Sheet, as follows (in millions): December 31, 2015 2014 2013 Beginning balance $ 31.6 $ 29.7 $ 25.8 Additions based on tax positions related to the current year 9.4 8.2 7.0 Additions/(reductions) based on tax positions taken in prior years (2.5 ) 0.4 (1.2 ) Reductions due to settlements (3.0 ) (3.7 ) (0.1 ) Reductions due to lapse of applicable statute of limitations (3.5 ) (3.0 ) (1.8 ) Ending balance $ 32.0 $ 31.6 $ 29.7 At December 31, 2015 and 2014, we had a total of $32.0 million and $31.6 million, respectively, in gross unrecognized tax benefits. Of these amounts, $20.8 million and $20.5 million represent the amount of unrecognized tax benefits that, if recognized, would impact our effective tax rate in 2015 and 2014, respectively. Interest and penalties related to income taxes are classified as interest expense in our Consolidated Financial Statements. The amount of accrued interest and penalties recognized during the years ended December 31, 2015, 2014, and 2013, was $1.9 million, $1.8 million, and $1.9 million, respectively. Future changes to unrecognized tax benefits will be recognized as income tax expense and interest expense, as appropriate. The total amount of accrued interest and penalties for such unrecognized tax benefits at December 31, 2015 and 2014, was $4.0 million and $3.5 million, respectively. Tax years 2012 and forward remain subject to examination by federal tax jurisdictions, while tax years 2005 and forward remain open for state jurisdictions.

Note 8 - Employee Benefit Plans

Note 8 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	8. Employee Benefit Plans We maintain a defined contribution employee retirement plan, which includes a 401(k) option, under which all employees are eligible to participate. We match a specified percentage of employee contributions, subject to certain limitations. For the years ended December 31, 2015, 2014, and 2013, our matching contributions to the plan were $14.7 million, $11.6 million, and $11.4 million, respectively. We have a nonqualified deferred compensation plan that allows eligible employees to defer a portion of their compensation. The compensation deferred under this plan is credited with earnings or losses on investments elected by plan participants. Each participant is fully vested in all deferred compensation and earnings; however, these amounts are subject to general creditor claims until actually distributed to the employee. A participant may elect to receive deferred amounts in one payment or in quarterly installments payable over a period of 2 to 25 years upon reaching age 55, having 15 years of service, or becoming disabled. Our total liability under this plan was $13.6 million as of December 31, 2015, and $13.5 million as of December 31, 2014. These amounts are included in other long-term liabilities in our Consolidated Balance Sheets. Participant withholdings are held by a trustee and invested in equity securities as directed by participants. These investments are classified as trading securities and recorded at fair value. Realized and unrealized gains and losses are recognized currently in earnings. The investments are included in other assets in our Consolidated Balance Sheets and totaled $13.6 million as of December 31, 2015, and $13.5 million as of December 31, 2014.

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9. 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 valuation techniques which consider prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. These valuation methods are based on either quoted market prices (Level 1) or inputs, other than 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 December 31, 2015 (in millions): Asset/(Liability) Balance Input Level Trading investments $ 13.6 1 Interest rate swap $ 6.1 2 Senior notes $ (605.2 ) 2 The fair value of trading investments has been measured using the market approach (Level 1) and reflect quoted market prices. The fair values of interest rate swaps and corresponding senior notes have been measured using the income approach (Level 2), which include relevant interest rate curve inputs. Trading investments and interest rate swaps are classified in other assets in our Consolidated Balance Sheets, and the senior notes are classified in long-term debt in our Consolidated Balance Sheets. Financial Instruments The carrying amount and estimated fair value at December 31, 2015, using the income approach (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 $399.8 million and $407.7 million, respectively. The carrying amounts of all other instruments at December 31, 2015, approximate their fair value due to the short maturity of these instruments.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10. Commitments and Contingencies As of December 31, 2015, we had approximately $28.1 million of obligations remaining under operating lease arrangements related primarily to terminal and support facilities. Future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of December 31, 2015, are approximately $28.1 million, with payment streams as follows (in millions): 2016 - $13.5; 2017 - $8.7; 2018 - $3.9, 2019 - $1.3, 2020 - $0.5, and thereafter - $0.2. Total rent expense was $39.5 million in 2015, $39.1 million in 2014, and $33.2 million in 2013. At December 31, 2015, we had outstanding commitments of approximately $463 million, net of proceeds from sales or trade-ins during 2016 and 2017, which is primarily related to the acquisition of containers, chassis, and tractors. During 2015, we issued financial standby letters of credit as a guaranty of our performance under certain operating agreements and self-insurance arrangements. If we default on our commitments under the agreements or other arrangements, we are required to perform under these guaranties. The undiscounted maximum amount of our obligation to make future payments in the event of defaults is approximately $4.4 million as of December 31, 2015. 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 where it is currently pending. 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 11 - Segment Information

Note 11 - Segment Information	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. Segment Information We have four reportable business segments – Intermodal (JBI), Dedicated Contract Services ® Our customers are geographically dispersed across the United States. A summary of certain segment information as of December 31 is presented below (in millions): Assets (Excludes intercompany accounts) December 31, 2015 2014 2013 JBI $ 1,848 $ 1,733 $ 1,611 DCS 949 832 721 ICS 99 106 78 JBT 286 289 164 Other (includes corporate) 455 418 245 Total $ 3,637 $ 3,378 $ 2,819 Revenues Years ended December 31, 2015 2014 2013 JBI $ 3,665 $ 3,687 $ 3,456 DCS 1,451 1,394 1,231 ICS 699 718 537 JBT 386 386 391 Total segment revenues 6,201 6,185 5,615 Intersegment eliminations (13 ) (20 ) (30 ) Total $ 6,188 $ 6,165 $ 5,585 Operating Income Years ended December 31, 2015 2014 2013 JBI $ 477 $ 461 $ 447 DCS 163 117 110 ICS 36 30 16 JBT 40 24 4 Total $ 716 $ 632 $ 577 Depreciation and Amortization Expense Years ended December 31, 2015 2014 2013 JBI $ 148 $ 130 $ 116 DCS 133 117 97 JBT 42 32 29 Other 17 15 11 Total $ 340 $ 294 $ 253

Note 12 - Quarterly Financial I

Note 12 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Quarterly Financial Information [Text Block]	12. Quarterly Financial Information (Unaudited) Operating results by quarter for the years ended December 31, 2015 and 2014 are as follows (in thousands, except per share data): Quarter First Second Third Fourth 2015: Operating revenues $ 1,440,180 $ 1,539,957 $ 1,586,494 $ 1,621,015 Operating income $ 155,220 $ 173,735 $ 193,846 $ 192,893 Net earnings $ 91,932 $ 103,419 $ 115,139 $ 116,746 Basic earnings per share $ 0.79 $ 0.89 $ 1.00 $ 1.02 Diluted earnings per share $ 0.78 $ 0.88 $ 0.99 $ 1.01 2014: Operating revenues $ 1,406,908 $ 1,547,867 $ 1,601,156 $ 1,609,511 Operating income $ 117,307 $ 159,230 $ 172,100 $ 182,905 Net earnings $ 68,664 $ 93,408 $ 102,414 $ 110,306 Basic earnings per share $ 0.59 $ 0.80 $ 0.87 $ 0.94 Diluted earnings per share $ 0.58 $ 0.79 $ 0.87 $ 0.93

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Schedule II – Valuation and Qualifying Accounts (in millions) Allowance for Doubtful Accounts and Revenue Adjustments for the Years Ended: Balance at Beginning of Year Charged to Expense/ Revenue Write-Offs, Net of Recoveries Balance at End of Year December 31, 2013 $ 6.6 $ 14.0 $ (12.5 ) $ 8.1 December 31, 2014 8.1 19.0 (17.6 ) 9.5 December 31, 2015 9.5 9.5 (9.1 ) 9.9 All other schedules have been omitted either because they are not applicable or because the required information is included in our Consolidated Financial Statements or the notes thereto.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Consolidation Our Consolidated Financial Statements include all of our wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. J.B. Hunt Transport Services, Inc. is a parent-level holding company with no significant assets or operations. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of J.B. Hunt Transport Services, Inc. and is the primary operating subsidiary. All other subsidiaries of J.B. Hunt Transport Services, Inc. are minor.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The Consolidated Financial Statements contained in this report have been prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of these statements requires us to make estimates and assumptions that directly affect the amounts reported in such statements and accompanying notes. We evaluate these estimates on an ongoing basis utilizing historical experience, consulting with experts and using other methods we consider reasonable in the particular circumstances. Nevertheless, our actual results may differ significantly from our estimates. We believe certain accounting policies and estimates are of more significance in our financial statement preparation process than others. We believe the most critical accounting policies and estimates include the economic useful lives and salvage values of our assets, provisions for uncollectible accounts receivable, estimates of exposures under our insurance and claims policies, and estimates for taxes. To the extent that actual, final outcomes are different from our estimates, or that additional facts and circumstances cause us to revise our estimates, our earnings during that accounting period will be affected.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash in excess of current operating requirements is invested in short-term, highly liquid investments. We consider all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.
Receivables, Policy [Policy Text Block]	Accounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts and revenue adjustments. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts and revenue adjustments is based on historical experience, as well as any known trends or uncertainties related to customer billing and account collectability. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not be recovered. The allowance for uncollectible accounts and revenue adjustments was $9.9 million and $9.5 million at December 31, 2015 and 2014, respectively.
Inventory, Policy [Policy Text Block]	Inventory Our inventories consist primarily of revenue equipment parts, tires, supplies, and fuel and are valued using the lower of average cost or market.
Investment, Policy [Policy Text Block]	Investments in Marketable Equity Securities Our investments consist of marketable equity securities stated at fair value and are designated as either trading securities or available-for-sale securities at the time of purchase based upon the intended holding period. Changes in the fair value of our trading securities are recognized currently in “general and administrative expenses, net of asset dispositions” in our Consolidated Statements of Earnings. Changes in the fair value of our available-for-sale securities are recognized in “accumulated other comprehensive income” on our Consolidated Balance Sheets, unless we determine that an unrealized loss is other-than-temporary. If we determine that an unrealized loss is other-than-temporary, we recognize the loss in earnings. Cost basis is determined using average cost. At December 31, 2015 and 2014, we had no available-for-sale securities. See Note 8, Employee Benefit Plans, for a discussion of our trading securities.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Depreciation of property and equipment is calculated on the straight-line method over the estimated useful lives of 4 to 10 years for tractors, 7 to 20 years for trailing equipment, 10 to 40 years for structures and improvements, and 3 to 10 years for furniture and office equipment. Salvage values are typically 10% to 30% of original cost for tractors and trailing equipment and reflect any agreements with tractor suppliers for residual or trade-in values for certain new equipment. We capitalize tires placed in service on new revenue equipment as a part of the equipment cost. Replacement tires and costs for recapping tires are expensed at the time the tires are placed in service. Gains and losses on the sale or other disposition of equipment are recognized at the time of the disposition and are classified in general and administrative expenses, net of asset dispositions.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition We recognize revenue based on relative transit time in each reporting period and as other services are provided, with expenses recognized as incurred. Accordingly, a portion of the total revenue that will be billed to the customer once a load is delivered is recognized in each reporting period based on the percentage of the freight pickup and delivery service that has been completed at the end of the reporting period. We record revenues on the gross basis at amounts charged to our customers because we are the primary obligor, we are a principal in the transaction, we invoice our customers and retain all credit risks, and we maintain discretion over pricing. Additionally, we are responsible for selection of third-party transportation providers to the extent used to satisfy customer freight requirements.
Derivatives, Policy [Policy Text Block]	Derivative Instruments We periodically utilize derivative instruments to manage exposure to changes in interest rates. 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.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. We record valuation allowances for deferred tax assets to the extent we believe these assets are not more likely than not to be realized through the reversal of existing taxable temporary differences, projected future taxable income, or tax-planning strategies. We record a liability for unrecognized tax benefits when the benefits of tax positions taken on a tax return are not more likely than not to be sustained upon audit. Interest and penalties related to uncertain tax positions are classified as interest expense in the Consolidated Financial Statements.
Earnings Per Share, Policy [Policy Text Block]	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 reflect the potential dilution that could occur if holders of unvested restricted and performance share units or options exercised or converted their holdings into common stock. Outstanding unvested restricted share units and stock options represent the dilutive effects on weighted average shares. A reconciliation of the number of shares used in computing basic and diluted earnings per share is shown below (in thousands): Years ended December 31, 2015 2014 2013 Weighted average shares outstanding – basic 115,677 117,000 117,449 Effect of common stock equivalents 1,051 1,445 1,955 Weighted average shares outstanding – diluted 116,728 118,445 119,404
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, include trade receivables. For the years ended December 31, 2015, 2014, and 2013, our top 10 customers, based on revenue, accounted for approximately 29%, 28%, and 29%, respectively, of our total revenue. Our top 10 customers, based on revenue, accounted for approximately 27% and 29% of our total trade accounts receivable at December 31, 2015 and 2014, respectively. We had no individual customers with revenues greater than 10% of total revenues.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based Compensation We have share-based compensation plans covering certain employees, including officers and directors. We account for share-based compensation utilizing the fair value recognition provisions of current accounting standards for share-based payments. We currently utilize restricted share units, performance share units, and nonstatutory stock options. Issuances of our stock upon restricted share unit and performance share unit vesting or share option exercise are made from treasury stock. Our restricted share unit and performance share unit awards may include both graded-vesting and cliff-vesting awards and therefore vest in increments during the requisite service period or at the end of the requisite service period, as appropriate for each type of vesting. We recognize compensation expense on a straight-line basis over the requisite service periods within each award.
Claims Accruals Policy [Policy Text Block]	Claims Accruals We purchase insurance coverage for a portion of expenses related to employee injuries, vehicular collisions, accidents, and cargo damage. We are substantially self-insured for loss of and damage to our owned and leased revenue equipment. Certain insurance arrangements include a level of self-insurance (deductible) coverage applicable to each claim. We have umbrella policies to limit our exposure to catastrophic claim costs. The amounts of self-insurance change from time to time based on measurement dates, policy expiration dates, and claim type. For 2013 through 2015, we were self-insured for $500,000 per occurrence for personal injury and property damage and self-insured for $100,000 per workers’ compensation claim. We have policies in place for 2016 with substantially the same terms as our 2015 policies for personal injury, workers’ compensation, and cargo and property damage. Our claims accrual policy for all self-insured claims is to recognize a liability at the time of the incident based on our analysis of the nature and severity of the claims and analyses provided by third-party claims administrators, as well as legal, economic, and regulatory factors. Our safety and claims personnel work directly with representatives from the insurance companies to continually update the estimated cost of each claim. The ultimate cost of a claim develops over time as additional information regarding the nature, timing, and extent of damages claimed becomes available. Accordingly, we use an actuarial method to develop current claim information to derive an estimate of our ultimate claim liability. This process involves the use of loss-development factors based on our historical claims experience and includes a contractual premium adjustment factor, if applicable. In doing so, the recorded liability considers future claims growth and, if applicable, conversion to fully insured status and provides an allowance for incurred-but-not-reported claims. We do not discount our estimated losses. At December 31, 2015 and 2014, we had an accrual of approximately $95 million and $88 million, respectively, for estimated claims. In addition, we are required to pay certain advanced deposits and monthly premiums. At December 31, 2015 and 2014, we had an aggregate prepaid insurance asset of approximately $87 million and $68 million, respectively, which represented prefunded premiums.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) 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. We have the option of using either a full retrospective or a modified retrospective approach when adopting this new standard. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which deferred the effective date of ASU 2014-09 one year to interim and annual periods beginning after December 15, 2017. Early adoption is permitted after the original effective date of December 15, 2016. 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, Interest – Imputation of Interest: 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, but early adoption is permitted. The adoption of the new guidance is not expected to have a material impact on our financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, which amends certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities. The amendments are to be applied by means of a cumulative-effect adjustment to the balance sheet and are effective for interim and annual periods beginning after December 15, 2017. With certain exceptions, early adoption is not permitted. The adoption of the new guidance is not expected to have a material impact on our financial statements. Accounting Pronouncements Adopted in 2015 In November 2015, the FASB issued ASU 2015-17, Income Taxes: Balance Sheet Classification of Deferred Taxes, which amends the current presentation of deferred taxes in the financial statements. ASU 2015-17 requires that deferred tax assets and deferred tax liabilities be presented in the balance sheet as noncurrent, which simplifies the current guidance that requires entities to separately present these items as current and noncurrent in the balance sheet. The amendments can be applied retrospectively or prospectively and are effective for interim and annual periods beginning after December 15, 2016, but early adoption is permitted. We retroactively adopted ASU 2015-17 at December 31, 2015, and have reclassified all prior periods to be consistent with the amendments outlined in the ASU. The impact of the prior period reclassification was an $18.6 million reduction of current assets and working capital at December 31, 2014.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years ended December 31, 2015 2014 2013 Weighted average shares outstanding – basic 115,677 117,000 117,449 Effect of common stock equivalents 1,051 1,445 1,955 Weighted average shares outstanding – diluted 116,728 118,445 119,404

Note 3 - Financing Arrangemen23

Note 3 - Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2015 2014 Senior revolving line of credit $ 150.0 $ 183.0 Senior notes, net of unamortized discount 855.0 750.5 Less current portion of long-term debt - (250.0 ) Total long-term debt $ 1,005.0 $ 683.5

Note 6 - Share-based Compensa24

Note 6 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Years ended December 31, 2015 2014 2013 Restricted share units Pretax compensation expense $ 27,898 $ 27,256 $ 25,606 Tax benefit 10,629 10,360 9,769 Restricted share units, net of tax $ 17,269 $ 16,896 $ 15,837 Performance share units Pretax compensation expense $ 9,330 $ 7,882 $ 5,941 Tax benefit 3,555 2,996 2,266 Performance share awards, net of tax $ 5,775 $ 4,886 $ 3,675 Stock options Pretax compensation expense $ - $ 195 $ 807 Tax benefit - 74 308 Stock option expense, net of tax $ - $ 121 $ 499
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Restricted Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 2012 2,835,466 $ 32.75 Granted 522,062 71.50 Vested (865,147 ) 31.92 Forfeited (70,951 ) 36.67 Unvested at December 31, 2013 2,421,430 $ 41.49 Granted 447,780 75.61 Vested (808,914 ) 37.33 Forfeited (119,298 ) 47.81 Unvested at December 31, 2014 1,940,998 $ 51.74 Granted 390,143 74.86 Vested (783,483 ) 39.45 Forfeited (30,908 ) 54.89 Unvested at December 31, 2015 1,516,750 $ 63.96
Schedule of Nonvested Performance-based Units Activity [Table Text Block]	Performance Share Units Number of Shares Weighted Average Grant Date Fair Value Unvested at December 31, 2012 309,500 $ 47.07 Granted 160,500 71.90 Vested (61,975 ) 47.48 Forfeited - - Unvested at December 31, 2013 408,025 $ 56.78 Granted 106,945 76.22 Vested (81,075 ) 53.26 Forfeited - - Unvested at December 31, 2014 433,895 $ 62.23 Granted 160,574 74.37 Vested (103,796 ) 58.28 Forfeited - - Unvested at December 31, 2015 490,673 $ 67.04
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Number of Shares (in thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) Outstanding at December 31, 2012 1,031 $ 16.63 2.35 $ 44.4 Exercised (585 ) 14.77 - 34.0 Forfeited (6 ) 19.89 - - Outstanding at December 31, 2013 440 $ 19.08 1.67 $ 25.6 Exercised (341 ) 18.70 - 19.9 Forfeited (1 ) 19.08 - - Outstanding at December 31, 2014 98 $ 20.40 0.86 $ 6.3 Exercised (95 ) 20.35 - 5.8 Forfeited (1 ) 24.27 - - Outstanding at December 31, 2015 2 $ 20.76 0.05 $ 0.1 Exercisable 2 $ 20.76 0.05 $ 0.1

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years ended December 31, 2015 2014 2013 Current: Federal $ 160,235 $ 130,761 $ 144,299 State and local 22,306 19,705 18,811 182,541 150,466 163,110 Deferred: Federal 71,292 72,547 41,811 State and local 9,135 6,796 6,265 80,427 79,343 48,076 Total tax expense $ 262,968 $ 229,809 $ 211,186
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 2015 2014 2013 Income tax at federal statutory rate $ 241,571 $ 211,610 $ 193,749 State tax, net of federal effect 18,671 17,357 13,551 Nondeductible meals and entertainment 1,420 1,395 1,543 Change in effective state tax rate, net of federal benefit 1,761 256 3,708 Change in valuation allowance - - (755 ) Other, net (455 ) (809 ) (610 ) Total tax expense $ 262,968 $ 229,809 $ 211,186
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2015 2014 Deferred tax assets: Insurance accruals $ 33,522 $ 30,565 Allowance for doubtful accounts 2,335 2,291 Compensation accrual 13,991 15,260 Deferred compensation accrual 24,687 25,042 Federal benefit of state uncertain tax positions 12,751 12,268 Capital loss carry-forward - 1,443 Other 4,036 3,954 Total gross deferred tax assets 91,322 90,823 Valuation allowance (552 ) (1,994 ) Total deferred tax assets, net of valuation allowance 90,770 88,829 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 786,840 707,071 Prepaid permits and insurance, principally due to expensing for income tax purposes 33,064 30,012 Other 11,086 11,539 Total gross deferred tax liabilities 830,990 748,622 Net deferred tax liability $ 740,220 $ 659,793
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]	December 31, 2015 2014 2013 Beginning balance $ 31.6 $ 29.7 $ 25.8 Additions based on tax positions related to the current year 9.4 8.2 7.0 Additions/(reductions) based on tax positions taken in prior years (2.5 ) 0.4 (1.2 ) Reductions due to settlements (3.0 ) (3.7 ) (0.1 ) Reductions due to lapse of applicable statute of limitations (3.5 ) (3.0 ) (1.8 ) Ending balance $ 32.0 $ 31.6 $ 29.7

Note 9 - Fair Value Measureme26

Note 9 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Asset/(Liability) Balance Input Level Trading investments $ 13.6 1 Interest rate swap $ 6.1 2 Senior notes $ (605.2 ) 2

Note 11 - Segment Information (

Note 11 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets (Excludes intercompany accounts) December 31, 2015 2014 2013 JBI $ 1,848 $ 1,733 $ 1,611 DCS 949 832 721 ICS 99 106 78 JBT 286 289 164 Other (includes corporate) 455 418 245 Total $ 3,637 $ 3,378 $ 2,819
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Revenues Years ended December 31, 2015 2014 2013 JBI $ 3,665 $ 3,687 $ 3,456 DCS 1,451 1,394 1,231 ICS 699 718 537 JBT 386 386 391 Total segment revenues 6,201 6,185 5,615 Intersegment eliminations (13 ) (20 ) (30 ) Total $ 6,188 $ 6,165 $ 5,585
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Operating Income Years ended December 31, 2015 2014 2013 JBI $ 477 $ 461 $ 447 DCS 163 117 110 ICS 36 30 16 JBT 40 24 4 Total $ 716 $ 632 $ 577
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Depreciation and Amortization Expense Years ended December 31, 2015 2014 2013 JBI $ 148 $ 130 $ 116 DCS 133 117 97 JBT 42 32 29 Other 17 15 11 Total $ 340 $ 294 $ 253

Note 12 - Quarterly Financial28

Note 12 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Quarterly Financial Information [Table Text Block]	Quarter First Second Third Fourth 2015: Operating revenues $ 1,440,180 $ 1,539,957 $ 1,586,494 $ 1,621,015 Operating income $ 155,220 $ 173,735 $ 193,846 $ 192,893 Net earnings $ 91,932 $ 103,419 $ 115,139 $ 116,746 Basic earnings per share $ 0.79 $ 0.89 $ 1.00 $ 1.02 Diluted earnings per share $ 0.78 $ 0.88 $ 0.99 $ 1.01 2014: Operating revenues $ 1,406,908 $ 1,547,867 $ 1,601,156 $ 1,609,511 Operating income $ 117,307 $ 159,230 $ 172,100 $ 182,905 Net earnings $ 68,664 $ 93,408 $ 102,414 $ 110,306 Basic earnings per share $ 0.59 $ 0.80 $ 0.87 $ 0.94 Diluted earnings per share $ 0.58 $ 0.79 $ 0.87 $ 0.93

Schedule II - Valuation and Q29

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Summary of Allowance for Doubtful Accounts and Revenue Adjustments [Table Text Block]	Allowance for Doubtful Accounts and Revenue Adjustments for the Years Ended: Balance at Beginning of Year Charged to Expense/ Revenue Write-Offs, Net of Recoveries Balance at End of Year December 31, 2013 $ 6.6 $ 14.0 $ (12.5 ) $ 8.1 December 31, 2014 8.1 19.0 (17.6 ) 9.5 December 31, 2015 9.5 9.5 (9.1 ) 9.9

Note 1 - Business (Details Text

Note 1 - Business (Details Textual)	12 Months Ended
	Dec. 31, 2015
Number of Operating Segments	4

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended			36 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013	Dec. 31, 2015USD ($)
Tractors [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	4 years
Tractors [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	10 years
Trailing Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	7 years
Trailing Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	20 years
Land, Buildings and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Land, Buildings and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	10 years
Minimum [Member]
Property, Plant and Equipment, Salvage Value, Percentage	10.00%			10.00%
Maximum [Member]
Property, Plant and Equipment, Salvage Value, Percentage	30.00%			30.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage	29.00%	28.00%	29.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage	27.00%	29.00%
Personal Injury and Property Damage [Member]
Per Claim Self Insured Portion				$ 500,000
Workers Compensation [Member]
Self Insurance Per Claim Deductible				100,000
Reclassification of Deferred Current Assets to Deferred Non-current Assets [Member] | As of December 31, 2014 [Member]
Prior Period Reclassification Adjustment	$ 18,600,000
Available-for-sale Securities	$ 0	$ 0		0
Number of Major Customers	0
Allowance for Doubtful Accounts Receivable	$ 9,900,000	9,500,000		9,900,000
Self Insurance Reserve	95,000,000	88,000,000		95,000,000
Prepaid Insurance, Current and Noncurrent	$ 87,000,000	$ 68,000,000		$ 87,000,000

Note 2 - Basic and Diluted Earn

Note 2 - Basic and Diluted Earnings Per Share Computation (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Weighted average shares outstanding – basic (in shares)	115,677	117,000	117,449
Effect of common stock equivalents (in shares)	1,051	1,445	1,955
Weighted average shares outstanding – diluted (in shares)	116,728	118,445	119,404

Note 3 - Financing Arrangemen33

Note 3 - Financing Arrangements (Details Textual) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Line of Credit [Member] | Senior Debt Obligations [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500		$ 500
Debt Instrument, Term	5 years
Long-term Line of Credit		$ 150		$ 183
Debt, Weighted Average Interest Rate		1.39%
Senior Notes [Member] | Senior Notes, First Issuance [Member]
Unsecured Debt		$ 250
Debt Instrument, Interest Rate, Stated Percentage		2.40%
Senior Notes [Member] | Senior Notes, Second Issuance [Member]
Unsecured Debt		$ 250
Debt Instrument, Interest Rate, Stated Percentage		3.85%
Senior Notes [Member] | Senior Notes, Third Issuance [Member]
Unsecured Debt		$ 350
Debt Instrument, Interest Rate, Stated Percentage		3.30%
Senior Debt Obligations [Member]
Line of Credit Facility, Maximum Borrowing Capacity Increase				$ 250
Long-term Debt, Maturities, Repayments of Principal in Year Four		$ 252.3
Long-term Debt, Maturities, Repayments of Principal in Year Five		150
Long-term Debt, Maturities, Repayments of Principal after Year Five		$ 602.7

Note 3 - Outstanding Borrowings

Note 3 - Outstanding Borrowings (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Senior Debt Obligations [Member] | Line of Credit [Member]
Long-term Line of Credit	$ 150,000,000	$ 183,000,000
Senior Debt Obligations [Member] | Senior Notes [Member]
Long-term Debt	855,000,000	750,500,000
Long-term Debt	$ 399,800,000
Less current portion of long-term debt		(250,000,000)
Total long-term debt	$ 1,005,026,000	$ 683,539,000

Note 4 - Derivative Financial35

Note 4 - Derivative Financial Instruments (Details Textual) $ in Millions	Dec. 31, 2015USD ($)
Senior Notes [Member] | Senior Notes, First Issuance [Member]
Unsecured Debt	$ 250
Debt Instrument, Interest Rate, Stated Percentage	2.40%
Senior Notes [Member] | Senior Notes, Third Issuance [Member]
Unsecured Debt	$ 350
Debt Instrument, Interest Rate, Stated Percentage	3.30%
Senior Notes [Member] | Senior Notes, Second Issuance [Member]
Unsecured Debt	$ 250
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Senior Notes, Third Issuance [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	1.72%
Senior Notes, Second Issuance [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	1.36%

Note 5 - Capital Stock (Details

Note 5 - Capital Stock (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Exercise or Vesting [Member]
Common Stock, Capital Shares Reserved for Future Issuance	2,000,000
Future Issuance [Member]
Common Stock, Capital Shares Reserved for Future Issuance	7,500,000
Preferred Stock, Shares Outstanding	0	0
Treasury Stock, Shares, Acquired	3,300,000
Treasury Stock, Value, Acquired, Cost Method	$ 262.3
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 451

Note 6 - Share-based Compensa37

Note 6 - Share-based Compensation (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee Stock Option [Member] | Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		10 years
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 58.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 219 days
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Performance Shares [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 19.4
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 219 days
Restricted Performance Units and Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Vested in Period, Fair Value	$ 37.3	$ 37.5	$ 35.4
Share-based Compensation Arrangement by Share-based Payment Award, Restricted and Performance Share Units Vested and Options Exercised, Aggregate Intrinsic Value	80.8	$ 88.5	$ 104.5
Share-based Compensation Arrangement by Share-based Payment Award, Unvested, Outstanding, Aggregate Intrinsic Value	$ 147.3

Note 6 - Components of Share-ba

Note 6 - Components of Share-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock [Member]
Share-based compensation	$ 27,898	$ 27,256	$ 25,606
Tax benefit	10,629	10,360	9,769
Allocated share-based compensation expense, net of tax	17,269	16,896	15,837
Performance Shares [Member]
Share-based compensation	9,330	7,882	5,941
Tax benefit	3,555	2,996	2,266
Allocated share-based compensation expense, net of tax	$ 5,775	4,886	3,675
Employee Stock Option [Member]
Share-based compensation		195	807
Tax benefit		74	308
Allocated share-based compensation expense, net of tax		121	499
Share-based compensation	$ 37,228	$ 35,333	$ 32,354

Note 6 - Restricted Share Units

Note 6 - Restricted Share Units (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of shares unvested at beginning of period (in shares)	1,940,998	2,421,430	2,835,466
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 51.74	$ 41.49	$ 32.75
Number of shares granted (in shares)	390,143	447,780	522,062
Number of shares granted, weighted average grant date fair value (in dollars per share)	$ 74.86	$ 75.61	$ 71.50
Number of shares vested (in shares)	(783,483)	(808,914)	(865,147)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 39.45	$ 37.33	$ 31.92
Number of shares forfeited (in shares)	(30,908)	(119,298)	(70,951)
Number of shares forfeited, weighted average grant date fair value (in dollars per share)	$ 54.89	$ 47.81	$ 36.67
Number of shares unvested at end of period (in shares)	1,516,750	1,940,998	2,421,430
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 63.96	$ 51.74	$ 41.49

Note 6 - Performance Share Unit

Note 6 - Performance Share Units (Details) - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of shares unvested at beginning of period (in shares)	433,895	408,025	309,500
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 62.23	$ 56.78	$ 47.07
Number of shares granted (in shares)	160,574	106,945	160,500
Number of shares granted, weighted average grant date fair value (in dollars per share)	$ 74.37	$ 76.22	$ 71.90
Number of shares vested (in shares)	(103,796)	(81,075)	(61,975)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 58.28	$ 53.26	$ 47.48
Number of shares forfeited (in shares)
Number of shares unvested at end of period (in shares)	490,673	433,895	408,025
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 67.04	$ 62.23	$ 56.78

Note 6 - Stock Options (Details

Note 6 - Stock Options (Details) - Employee Stock Option [Member] - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Options outstanding, beginning of period (in shares)	98	440	1,031
Options outstanding, beginning of period, weighted average exercise price (in dollars per share)	$ 20.40	$ 19.08	$ 16.63
Options outstanding, beginning of period, weighted average remaining contractual term	18 days	313 days	1 year 244 days	2 years 127 days
Options outstanding, beginning of period, aggregate intrinsic value	$ 6.3	$ 25.6	$ 44.4
Options exercised (in shares)	(95)	(341)	(585)
Options exercised, weighted average exercise price (in dollars per share)	$ 20.35	$ 18.70	$ 14.77
Options exercised, aggregate intrinsic value	$ 5.8	$ 19.9	$ 34
Options forfeited (in shares)	(1)	(1)	(6)
Options forfeited, weighted average exercise price (in dollars per share)	$ 24.27	$ 19.08	$ 19.89
Options outstanding, end of period (in shares)	2	98	440	1,031
Options outstanding, end of period, weighted average exercise price (in dollars per share)	$ 20.76	$ 20.40	$ 19.08	$ 16.63
Options outstanding, end of period, aggregate intrinsic value	$ 0.1	$ 6.3	$ 25.6	$ 44.4
Options exercisable (in shares)	2
Options exercisable, weighted average exercise price (in dollars per share)	$ 20.76
Options exercisable, weighted average remaining contractual term	18 days
Options exercisable, aggregate intrinsic value	$ 0.1

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Income Taxes Receivable	$ 76.7	$ 79.8
Unrecognized Tax Benefits	32	31.6	$ 29.7	$ 25.8
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	20.8	20.5
Income Tax Examination, Penalties and Interest Accrued	1.9	1.8	$ 1.9
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 4	$ 3.5

Note 7 - Current and Deferred I

Note 7 - Current and Deferred Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ 160,235	$ 130,761	$ 144,299
State and local	22,306	19,705	18,811
Current income taxes, total	182,541	150,466	163,110
Deferred:
Federal	71,292	72,547	41,811
State and local	9,135	6,796	6,265
Deferred income taxes, total	80,427	79,343	48,076
Total tax expense	$ 262,968	$ 229,809	$ 211,186

Note 7 - Reconciliation of Inco

Note 7 - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income tax at federal statutory rate	$ 241,571	$ 211,610	$ 193,749
State tax, net of federal effect	18,671	17,357	13,551
Nondeductible meals and entertainment	1,420	1,395	1,543
Change in effective state tax rate, net of federal benefit	$ 1,761	$ 256	3,708
Change in valuation allowance			(755)
Other, net	$ (455)	$ (809)	(610)
Total tax expense	$ 262,968	$ 229,809	$ 211,186

Note 7 - Deferred Tax Assets an

Note 7 - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Insurance accruals	$ 33,522	$ 30,565
Allowance for doubtful accounts	2,335	2,291
Compensation accrual	13,991	15,260
Deferred compensation accrual	24,687	25,042
Federal benefit of state uncertain tax positions	$ 12,751	12,268
Capital loss carry-forward		1,443
Other	$ 4,036	3,954
Total gross deferred tax assets	91,322	90,823
Valuation allowance	(552)	(1,994)
Total deferred tax assets, net of valuation allowance	90,770	88,829
Deferred tax liabilities:
Plant and equipment, principally due to differences in depreciation	786,840	707,071
Prepaid permits and insurance, principally due to expensing for income tax purposes	33,064	30,012
Other	11,086	11,539
Total gross deferred tax liabilities	830,990	748,622
Net deferred tax liability	$ 740,220	$ 659,793

Note 7 - Unrecongnized Tax Bene

Note 7 - Unrecongnized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Beginning balance	$ 31.6	$ 29.7	$ 25.8
Additions based on tax positions related to the current year	9.4	8.2	7
Additions/(reductions) based on tax positions taken in prior years	(2.5)	0.4	(1.2)
Reductions due to settlements	(3)	(3.7)	(0.1)
Reductions due to lapse of applicable statute of limitations	(3.5)	(3)	(1.8)
Ending balance	$ 32	$ 31.6	$ 29.7

Note 8 - Employee Benefit Pla47

Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Current Assets [Member] | Equity Securities [Member]
Trading Securities	$ 13.6	$ 13.5
Defined Contribution Plan, Cost Recognized	14.7	11.6	$ 11.4
Deferred Compensation Liability, Current and Noncurrent	$ 13.6	$ 13.5

Note 9 - Fair Value Measureme48

Note 9 - Fair Value Measurements (Details Textual) $ in Millions	Dec. 31, 2015USD ($)
Estimate of Fair Value Measurement [Member] | Senior Notes [Member] | Fair Value, Measurements, Nonrecurring [Member]
Long-term Debt, Fair Value	$ 407.7
Long-term Debt	$ 399.8

Note 9 - Assets and Liabilities

Note 9 - Assets and Liabilities Measured at Fair Value (Details) $ in Millions	Dec. 31, 2015USD ($)
Fair Value, Inputs, Level 1 [Member]
Trading Securities	$ 13.6
Fair Value, Inputs, Level 2 [Member]
Interest rate swap	6.1
Senior notes	$ (605.2)

Note 10 - Commitments and Con50

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases, Future Minimum Payments Due	$ 28.1
Operating Leases, Future Minimum Payments Due, Next Twelve Months	13.5
Operating Leases, Future Minimum Payments, Due in Two Years	8.7
Operating Leases, Future Minimum Payments, Due in Three Years	3.9
Operating Leases, Future Minimum Payments, Due in Four Years	1.3
Operating Leases, Future Minimum Payments, Due in Five Years	0.5
Operating Leases, Future Minimum Payments, Due Thereafter	0.2
Operating Leases, Rent Expense	39.5	$ 39.1	$ 33.2
Purchase Obligation, Due in Next Twelve Months	463
Loss Contingency, Estimate of Possible Loss	$ 4.4

Note 11 - Segment Information51

Note 11 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2015
Number of Reportable Segments	4

Note 11 - Assets (Details)

Note 11 - Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Segments [Member] | JBI [Member]
Assets	$ 1,848,000,000	$ 1,733,000,000	$ 1,611,000,000
Operating Segments [Member] | DCS [Member]
Assets	949,000,000	832,000,000	721,000,000
Operating Segments [Member] | ICS [Member]
Assets	99,000,000	106,000,000	78,000,000
Operating Segments [Member] | JBT [Member]
Assets	286,000,000	289,000,000	164,000,000
Operating Segments [Member] | Corporate and Other [Member]
Assets	455,000,000	418,000,000	245,000,000
Assets	$ 3,636,567,000	$ 3,378,486,000	$ 2,819,000,000

Note 11 - Operating Revenues (D

Note 11 - Operating Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Segments [Member] | JBI [Member]
Revenues	$ 3,665,000	$ 3,687,000	$ 3,456,000
Operating Segments [Member] | DCS [Member]
Revenues	1,451,000	1,394,000	1,231,000
Operating Segments [Member] | ICS [Member]
Revenues	699,000	718,000	537,000
Operating Segments [Member] | JBT [Member]
Revenues	386,000	386,000	391,000
Operating Segments [Member]
Revenues	6,201,000	6,185,000	5,615,000
Intersegment Eliminations [Member]
Revenues	(13,000)	(20,000)	(30,000)
Revenues	$ 6,187,646	$ 6,165,441	$ 5,584,571

Note 11 - Operating Income (Det

Note 11 - Operating Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
JBI [Member] | Operating Segments [Member]
Operating income	$ 477,000	$ 461,000	$ 447,000
DCS [Member] | Operating Segments [Member]
Operating income	163,000	117,000	110,000
ICS [Member] | Operating Segments [Member]
Operating income	36,000	30,000	16,000
JBT [Member] | Operating Segments [Member]
Operating income	40,000	24,000	4,000
Operating income	$ 715,694	$ 631,542	$ 576,708

Note 11 - Depreciation and Amor

Note 11 - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
JBI [Member] | Operating Segments [Member]
Depreciation and amortization	$ 148,000	$ 130,000	$ 116,000
DCS [Member] | Operating Segments [Member]
Depreciation and amortization	133,000	117,000	97,000
JBT [Member] | Operating Segments [Member]
Depreciation and amortization	42,000	32,000	29,000
Corporate and Other [Member] | Operating Segments [Member]
Depreciation and amortization	17,000	15,000	11,000
Depreciation and amortization	$ 339,613	$ 294,496	$ 253,380

Note 12 - Operating Results by

Note 12 - Operating Results by Quarter (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues	$ 1,621,015	$ 1,586,494	$ 1,539,957	$ 1,440,180	$ 1,609,511	$ 1,601,156	$ 1,547,867	$ 1,406,908	$ 6,187,646	$ 6,165,441	$ 5,584,571
Operating income	192,893	193,846	173,735	155,220	182,905	172,100	159,230	117,307	715,694	631,542	576,708
Net earnings	$ 116,746	$ 115,139	$ 103,419	$ 91,932	$ 110,306	$ 102,414	$ 93,408	$ 68,664	$ 427,235	$ 374,792	$ 342,382
Basic earnings per share (in dollars per share)	$ 1.02	$ 1	$ 0.89	$ 0.79	$ 0.94	$ 0.87	$ 0.80	$ 0.59	$ 3.69	$ 3.20	$ 2.92
Diluted earnings per share (in dollars per share)	$ 1.01	$ 0.99	$ 0.88	$ 0.78	$ 0.93	$ 0.87	$ 0.79	$ 0.58	$ 3.66	$ 3.16	$ 2.87

Schedule II - Valuation and Q57

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Balance at beginning of year	$ 9.5	$ 8.1	$ 6.6
Charged to expense/against revenue	9.5	19	14
Write-offs, net of recoveries	(9.1)	(17.6)	(12.5)
Balance at end of year	$ 9.9	$ 9.5	$ 8.1