J.B. Hunt Transport Services (JBHT) 10-K 23 Feb 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 14, 2017	Jun. 30, 2016
Document Information [Line Items]
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)		111,310,853
Entity Public Float			$ 7.2
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 6,377	$ 5,566
Trade accounts receivable, net	745,288	624,294
Other receivables	67,926	106,986
Inventories	18,577	23,191
Prepaid expenses	107,513	97,888
Total current assets	945,681	857,925
Property and equipment, at cost:
Revenue and service equipment	3,820,439	3,636,767
Land	46,827	39,026
Structures and improvements	175,900	154,142
Furniture and office equipment	215,749	189,516
Total property and equipment	4,258,915	4,019,451
Less accumulated depreciation	1,440,124	1,318,122
Net property and equipment	2,818,791	2,701,329
Other assets	64,516	70,290
Total assets	3,828,988	3,629,544
Current liabilities:
Trade accounts payable	384,308	340,332
Claims accruals	109,745	104,220
Accrued payroll	51,929	59,420
Other accrued expenses	27,152	28,445
Total current liabilities	573,134	532,417
Long-term debt	986,278	998,003
Other long-term liabilities	64,881	58,552
Deferred income taxes	790,634	740,220
Total liabilities	2,414,927	2,329,192
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, 2016 and 2015, of which 111,305,021 shares and 113,947,780 shares were outstanding at December 31, 2016 and 2015, respectively)	1,671	1,671
Additional paid-in capital	293,087	268,728
Retained earnings	3,218,943	2,885,843
Treasury stock, at cost (55,794,411 shares at December 31, 2016, and 53,151,652 shares at December 31, 2015)	(2,099,640)	(1,855,890)
Total stockholders’ equity	1,414,061	1,300,352
Total liabilities and stockholders' equity	$ 3,828,988	$ 3,629,544

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
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)	111,305,021	113,947,780
Treasury stock, shares (in shares)	55,794,411	53,151,652

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating revenues, excluding fuel surcharge revenues	$ 6,007,347	$ 5,516,282	$ 5,082,827
Fuel surcharge revenues	548,112	671,364	1,082,614
Total operating revenues	6,555,459	6,187,646	6,165,441
Operating expenses:
Rents and purchased transportation	3,255,692	2,994,586	3,085,276
Salaries, wages and employee benefits	1,469,187	1,394,239	1,290,404
Depreciation and amortization	361,510	339,613	294,496
Fuel and fuel taxes	283,437	313,034	453,919
Operating supplies and expenses	233,223	220,597	218,539
General and administrative expenses, net of asset dispositions	87,053	72,522	50,596
Insurance and claims	78,410	73,689	81,062
Operating taxes and licenses	45,954	43,084	38,796
Communication and utilities	19,973	20,588	20,811
Total operating expenses	5,834,439	5,471,952	5,533,899
Operating income	721,020	715,694	631,542
Interest income	71	86	87
Interest expense	25,294	25,577	27,028
Earnings before income taxes	695,797	690,203	604,601
Income taxes	263,707	262,968	229,809
Net earnings	$ 432,090	$ 427,235	$ 374,792
Weighted average basic shares outstanding (in shares)	112,474	115,677	117,000
Basic earnings per share (in dollars per share)	$ 3.84	$ 3.69	$ 3.20
Weighted average diluted shares outstanding (in shares)	113,361	116,728	118,445
Diluted earnings per share (in dollars per share)	$ 3.81	$ 3.66	$ 3.16
Dividends declared per common share (in dollars per share)	$ 0.88	$ 0.84	$ 0.80

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2013	$ 1,671	$ 226,595	$ 2,274,784	$ (1,490,598)	$ 1,012,452
Comprehensive income:
Net earnings			374,792		374,792
Cash dividend declared and paid			(93,604)		(93,604)
Tax benefit of stock options exercised and restricted shares issued		16,645			16,645
Purchase of treasury shares				(125,000)	(125,000)
Share-based compensation		35,333			35,333
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(30,932)		14,837	(16,095)
Balances at Dec. 31, 2014	1,671	247,641	2,555,972	(1,600,761)	1,204,523
Comprehensive income:
Net earnings			427,235		427,235
Cash dividend declared and paid			(97,364)		(97,364)
Tax benefit of stock options exercised and restricted shares issued		12,877			12,877
Purchase of treasury shares				(262,275)	(262,275)
Share-based compensation		37,228			37,228
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(29,018)		7,146	(21,872)
Balances at Dec. 31, 2015	1,671	268,728	2,885,843	(1,855,890)	1,300,352
Comprehensive income:
Net earnings			432,090		432,090
Cash dividend declared and paid			(98,990)		(98,990)
Tax benefit of stock options exercised and restricted shares issued		7,044			7,044
Purchase of treasury shares				(249,760)	(249,760)
Share-based compensation		40,625			40,625
Stock option exercises and restricted share issuances, net of stock repurchased for payroll taxes		(23,310)		6,010	(17,300)
Balances at Dec. 31, 2016	$ 1,671	$ 293,087	$ 3,218,943	$ (2,099,640)	$ 1,414,061

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Retained Earnings [Member]
Cash dividend declared and paid per share (in dollars per share)	$ 0.88	$ 0.84	$ 0.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net earnings	$ 432,090	$ 427,235	$ 374,792
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	361,510	339,613	294,496
Share-based compensation	40,625	37,228	35,333
(Gain)/loss on sale of revenue equipment and other	5,490	(1,281)	(6,342)
Provision for deferred income taxes	50,414	80,427	79,343
Changes in operating assets and liabilities:
Trade accounts receivable	(120,994)	8,011	(72,339)
Income taxes receivable or payable	60,956	3,055	(72,291)
Other current assets	(37,101)	(26,493)	(42,730)
Trade accounts payable	60,818	8,600	15,284
Claims accruals	5,524	7,502	28,498
Accrued payroll and other accrued expenses	(5,189)	(10,589)	12,735
Net cash provided by operating activities	854,143	873,308	646,779
Cash flows from investing activities:
Additions to property and equipment	(638,430)	(725,122)	(808,569)
Proceeds from sale of equipment	153,174	168,686	148,859
Change in other assets	(132)	(20,096)	29
Net cash used in investing activities	(485,388)	(576,532)	(659,681)
Cash flows from financing activities:
Proceeds from issuances of long-term debt		349,129	499,642
Payments on long-term debt		(250,000)	(250,000)
Proceeds from revolving lines of credit and other	1,715,427	2,110,800	2,092,193
Payments on revolving lines of credit and other	(1,724,365)	(2,138,466)	(2,110,749)
Purchase of treasury stock	(249,760)	(262,275)	(125,000)
Stock option exercises and other	1,341	2,978	7,324
Stock repurchased for payroll taxes	(18,641)	(24,850)	(23,419)
Tax benefit of stock options exercised and restricted shares issued	7,044	12,877	16,645
Dividends paid	(98,990)	(97,364)	(93,604)
Net cash provided by/(used in) financing activities	(367,944)	(297,171)	13,032
Net increase/(decrease) in cash and cash equivalents	811	(395)	130
Cash and cash equivalents at beginning of year	5,566	5,961	5,831
Cash and cash equivalents at end of year	6,377	5,566	5,961
Supplemental disclosure of cash flow information:
Interest	24,800	27,245	26,685
Income taxes	$ 143,634	$ 163,304	$ 192,955

Note 1 - Business

Note 1 - Business	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Business J.B. Hunt Transport Services, Inc. is one four

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
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 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. Reclassifications Certain prior year amounts have been reclassified to conform with the 2016 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 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 $13.4 $9.9 December 31, 2016 2015, 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, 2016 2015, 8, Property and Equipment Depreciation of property and equipment is calculated on the straight-line method over the estimated useful lives of 4 10 7 20 10 40 3 10 10% 30% 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 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 Statements of Earnings. 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, 2016 2015 2014 Weighted average shares outstanding – basic 112,474 115,677 117,000 Effect of common stock equivalents 887 1,051 1,445 Weighted average shares outstanding – diluted 113,361 116,728 118,445 Concentrations of Credit Risk Financial instruments, which potentially subject us to concentrations of credit risk, include trade receivables. For the years ended December 31, 2016, 2015, 2014, 10 29%, 29%, 28%, 10 28% 27% December 31, 2016 2015, 10% Share-based Compensation We have a share-based compensation plan 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 and performance share units and in the past have also utilized 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 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 2014 2016, $500,000 $100,000 2017 2016 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 December 31, 2016 2015, $98 $95 December 31, 2016 2015, $93 $87 Recent Accounting Pronouncements In May 2014, 2014 09, In August 2015, 2015 14, 2014 09, one December 15, 2017. December 15, 2016. We have selected an implementation team and have begun accumulation of contracts for review and documentation in accordance with the standard. We intend to adopt this new standard in the first 2018, In January 2016, 2016 01, December 15, 2017. In February 2016, 2016 02, 2016 02 December 15, 2018, In March 2016, 2016 09, December 15, 2016, Accounting Pronouncements Adopted in 201 6 In April 2015, 2015 03, 2015 03 December 15, 2015. 2015 03 2016, $1.4 $5.6 $7.0 December 31, 2015.

Note 3 - Financing Arrangements

Note 3 - Financing Arrangements	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	3. Financing Arrangements Outstanding borrowings, net of unamortized discount, debt issuance cost, and fair value swap, under our current financing arrangements consist of the following (in millions): December 31, 2016 2015 Senior revolving line of credit $ 139.0 $ 148.7 Senior notes 847.3 849.3 Less current portion of long-term debt - - Total long-term debt $ 986.3 $ 998.0 Aggregate maturities of long-term debt subsequent to December 31, 2016, $250.9 2019, $139.0 2020, $596.4 Senior Revolving Line of Credit At December 31, 2016, $500 September 2020. $250 one December 31, 2016, $140.0 1.76% Senior Notes Our senior notes consist of three first second $250 2.40% March 2019 $250 3.85% March 2024, March 2014. March September third $350 3.30% August 2022, August 2015. February August February 2016. three 1933, February 2014. may 4, $250 2.40% March 2019 $350 3.30% August 2022. 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, 2016.

Note 4 - Derivative Financial I

Note 4 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
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 2.40% March 2019 $350 3.30% August 2022, 1.81% $250 2.40% 2.26% $350 3.30% December 31, 2016. December 31, 2016. 9,

Note 5 - Capital Stock

Note 5 - Capital Stock	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5. Capital Stock We have one one no December 31, 2016 2015. one December 31, 2016, 2.0 6.9 2016, 3.1 $249.8 December 31, 2016, $201.2

Note 6 - Share-based Compensati

Note 6 - Share-based Compensation	12 Months Ended
	Dec. 31, 2016
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 shares, and nonstatutory stock options to compensate our employees and directors. We currently are utilizing restricted and performance share units. Our restricted share units have various vesting schedules generally ranging from 3 10 Our performance share units vest based on the passage of time (generally 2 10 In the past, nonstatutory stock options have been granted to key employees for the purchase of our common stock for 100% 10 55. not December 31, 2016, 2015, 2014. An employee is allowed to surrender shares of common stock that the employee has owned for at least six 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, 2016 2015 2014 Restricted share units Pretax compensation expense $ 29,938 $ 27,898 $ 27,256 Tax benefit 11,347 10,629 10,360 Restricted share units, net of tax $ 18,591 $ 17,269 $ 16,896 Performance share units Pretax compensation expense $ 10,687 $ 9,330 $ 7,882 Tax benefit 4,050 3,555 2,996 Performance share awards, net of tax $ 6,637 $ 5,775 $ 4,886 Stock options Pretax compensation expense $ - $ - $ 195 Tax benefit - - 74 Stock option expense, net of tax $ - $ - $ 121 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, 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 Granted 540,746 75.03 Vested (520,619 ) 54.78 Forfeited (34,221 ) 69.14 Unvested at December 31, 2016 1,502,656 $ 71.16 Performance Share Units Number of Shares Weighted Average Grant Date Fair Value 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 Granted 142,114 74.71 Vested (148,733 ) 62.84 Forfeited - - Unvested at December 31, 2016 484,054 $ 70.58 Stock Options Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) 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 Exercised (2 ) 20.76 - - Forfeited - - - - Outstanding at December 31, 2016 - $ - - $ - Exercisable - $ - - $ - At December 31, 2016, $66.9 $19.4 3.6 2.5 The aggregate intrinsic value of restricted and performance share units vested and options exercised during the years ended December 31, 2016, 2015, 2014, $56.7 $80.8 $88.5 $192.8 December 31, 2016. December 31, 2016, 2015, 2014, $38.1 $37.3 $37.5

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2014 Current: Federal $ 191,422 $ 160,235 $ 130,761 State and local 21,871 22,306 19,705 213,293 182,541 150,466 Deferred: Federal 45,846 71,292 72,547 State and local 4,568 9,135 6,796 50,414 80,427 79,343 Total tax expense $ 263,707 $ 262,968 $ 229,809 Income tax expense attributable to earnings before income taxes differed from the amounts computed using the statutory federal income tax rate of 35% Years ended December 31, 2016 2015 2014 Income tax at federal statutory rate $ 243,529 $ 241,571 $ 211,610 State tax, net of federal effect 19,165 18,671 17,357 Nondeductible meals and entertainment 1,419 1,420 1,395 Change in effective state tax rate, net of federal benefit (1,055 ) 1,761 256 Other, net 649 (455 ) (809 ) Total tax expense $ 263,707 $ 262,968 $ 229,809 Income taxes receivable was $15.7 $76.7 December 31, 2016 2015, December 31, 2016 2015, December 31, 2016 2015 Deferred tax assets: Insurance accruals $ 34,788 $ 33,522 Allowance for doubtful accounts 2,347 2,335 Compensation accrual 10,443 13,991 Deferred compensation accrual 26,062 24,687 Federal benefit of state uncertain tax positions 14,085 12,751 Other 3,853 4,036 Total gross deferred tax assets 91,578 91,322 Valuation allowance - (552 ) Total deferred tax assets, net of valuation allowance 91,578 90,770 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 831,555 786,840 Prepaid permits and insurance, principally due to expensing for income tax purposes 37,119 33,064 Other 13,538 11,086 Total gross deferred tax liabilities 882,212 830,990 Net deferred tax liability $ 790,634 $ 740,220 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 Sheets, as follows (in millions): December 31, 2016 2015 2014 Beginning balance $ 32.0 $ 31.6 $ 29.7 Additions based on tax positions related to the current year 10.3 9.4 8.2 Additions/(reductions) based on tax positions taken in prior years (3.2 ) (2.5 ) 0.4 Reductions due to settlements (0.4 ) (3.0 ) (3.7 ) Reductions due to lapse of applicable statute of limitations (3.3 ) (3.5 ) (3.0 ) Ending balance $ 35.4 $ 32.0 $ 31.6 At December 31, 2016 2015, $35.4 $32.0 $23.0 $20.8 2016 2015, December 31, 2016, 2015, 2014, $1.9 $1.9 $1.8 December 31, 2016 2015, $4.4 $4.0 Tax years 2013 2005

Note 8 - Employee Benefit Plans

Note 8 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
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) December 31, 2016, 2015, 2014, $15.6 $14.7 $11.6 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 one 2 25 55, 15 $14.9 December 31, 2016, $13.6 December 31, 2015. $14.9 December 31, 2016, $13.6 December 31, 2015.

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
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) 2). December 31, 2016 Asset/(Liability) Balance Input Level Trading investments $ 14.9 1 Interest rate swap $ 2.9 2 Senior notes, net of unamortized discount and debt issuance costs $ (599.0 ) 2 The fair value of trading investments has been measured using the market approach (Level 1) 2), Financial Instruments The carrying amount and estimated fair value at December 31, 2016, 2), $387.3 $402.3 The carrying amounts of all other instruments at December 31, 2016,

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10. Commitments and Contingencies As of December 31, 2016, $36.7 one December 31, 2016, $36.7 2017 $15.2; 2018 $9.4; 2019 $5.9; 2020 $4.3; 2021 $1.8; $0.1. Total rent expense was $44.1 2016, $39.5 2015, $39.1 2014. December 31, 2016, $967 2017 2018, During 2016, $4.4 December 31, 2016. 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 2014, may In January, 2017, May 1, 2016, tendering, 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, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	11. Segment Information We have four ® third third Our customers are geographically dispersed across the United States. A summary of certain segment information as of December 31 Assets (Excludes intercompany accounts) December 31, 2016 2015 2014 JBI $ 2,032 $ 1,848 $ 1,733 DCS 951 949 832 ICS 136 99 106 JBT 279 286 289 Other (includes corporate) 431 448 414 Total $ 3,829 $ 3,630 $ 3,374 Revenues Years ended December 31, 2016 2015 2014 JBI $ 3,796 $ 3,665 $ 3,687 DCS 1,533 1,451 1,394 ICS 852 699 718 JBT 388 386 386 Total segment revenues 6,569 6,201 6,185 Intersegment eliminations (14 ) (13 ) (20 ) Total $ 6,555 $ 6,188 $ 6,165 Operating Income Years ended December 31, 2016 2015 2014 JBI $ 450 $ 477 $ 461 DCS 205 163 117 ICS 36 36 30 JBT 30 40 24 Total $ 721 $ 716 $ 632 Depreciation and Amortization Expense Years ended December 31, 2016 2015 2014 JBI $ 160 $ 148 $ 130 DCS 143 133 117 JBT 41 42 32 Other 18 17 15 Total $ 362 $ 340 $ 294

Note 12 - Quarterly Financial I

Note 12 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	12. Quarterly Financial Information (Unaudited) Operating results by quarter for the years ended December 31, 2016 2015 (in thousands, except per share data): Quarter First Second Third Fourth 2016: Operating revenues $ 1,528,712 $ 1,615,026 $ 1,690,659 $ 1,721,062 Operating income $ 167,890 $ 175,792 $ 182,977 $ 194,361 Net earnings $ 100,098 $ 105,011 $ 109,425 $ 117,556 Basic earnings per share $ 0.89 $ 0.93 $ 0.97 $ 1.05 Diluted earnings per share $ 0.88 $ 0.92 $ 0.97 $ 1.05 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

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
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, 2014 $ 8.1 $ 19.0 $ (17.6 ) $ 9.5 December 31, 2015 9.5 9.5 (9.1 ) 9.9 December 31, 2016 9.9 19.5 (16.0 ) 13.4

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
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 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.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain prior year amounts have been reclassified to conform with the 2016
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
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 $13.4 $9.9 December 31, 2016 2015,
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, 2016 2015, 8,
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 10 7 20 10 40 3 10 10% 30%
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
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 Statements of Earnings.
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, 2016 2015 2014 Weighted average shares outstanding – basic 112,474 115,677 117,000 Effect of common stock equivalents 887 1,051 1,445 Weighted average shares outstanding – diluted 113,361 116,728 118,445
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, 2016, 2015, 2014, 10 29%, 29%, 28%, 10 28% 27% December 31, 2016 2015, 10%
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based Compensation We have a share-based compensation plan 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 and performance share units and in the past have also utilized 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
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 2014 2016, $500,000 $100,000 2017 2016 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 December 31, 2016 2015, $98 $95 December 31, 2016 2015, $93 $87
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, 2014 09, In August 2015, 2015 14, 2014 09, one December 15, 2017. December 15, 2016. We have selected an implementation team and have begun accumulation of contracts for review and documentation in accordance with the standard. We intend to adopt this new standard in the first 2018, In January 2016, 2016 01, December 15, 2017. In February 2016, 2016 02, 2016 02 December 15, 2018, In March 2016, 2016 09, December 15, 2016, Accounting Pronouncements Adopted in 201 6 In April 2015, 2015 03, 2015 03 December 15, 2015. 2015 03 2016, $1.4 $5.6 $7.0 December 31, 2015.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years ended December 31, 2016 2015 2014 Weighted average shares outstanding – basic 112,474 115,677 117,000 Effect of common stock equivalents 887 1,051 1,445 Weighted average shares outstanding – diluted 113,361 116,728 118,445

Note 3 - Financing Arrangemen23

Note 3 - Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2016 2015 Senior revolving line of credit $ 139.0 $ 148.7 Senior notes 847.3 849.3 Less current portion of long-term debt - - Total long-term debt $ 986.3 $ 998.0

Note 6 - Share-based Compensa24

Note 6 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Years ended December 31, 2016 2015 2014 Restricted share units Pretax compensation expense $ 29,938 $ 27,898 $ 27,256 Tax benefit 11,347 10,629 10,360 Restricted share units, net of tax $ 18,591 $ 17,269 $ 16,896 Performance share units Pretax compensation expense $ 10,687 $ 9,330 $ 7,882 Tax benefit 4,050 3,555 2,996 Performance share awards, net of tax $ 6,637 $ 5,775 $ 4,886 Stock options Pretax compensation expense $ - $ - $ 195 Tax benefit - - 74 Stock option expense, net of tax $ - $ - $ 121
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, 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 Granted 540,746 75.03 Vested (520,619 ) 54.78 Forfeited (34,221 ) 69.14 Unvested at December 31, 2016 1,502,656 $ 71.16
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, 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 Granted 142,114 74.71 Vested (148,733 ) 62.84 Forfeited - - Unvested at December 31, 2016 484,054 $ 70.58
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Stock Options Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) 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 Exercised (2 ) 20.76 - - Forfeited - - - - Outstanding at December 31, 2016 - $ - - $ - Exercisable - $ - - $ -

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years ended December 31, 2016 2015 2014 Current: Federal $ 191,422 $ 160,235 $ 130,761 State and local 21,871 22,306 19,705 213,293 182,541 150,466 Deferred: Federal 45,846 71,292 72,547 State and local 4,568 9,135 6,796 50,414 80,427 79,343 Total tax expense $ 263,707 $ 262,968 $ 229,809
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years ended December 31, 2016 2015 2014 Income tax at federal statutory rate $ 243,529 $ 241,571 $ 211,610 State tax, net of federal effect 19,165 18,671 17,357 Nondeductible meals and entertainment 1,419 1,420 1,395 Change in effective state tax rate, net of federal benefit (1,055 ) 1,761 256 Other, net 649 (455 ) (809 ) Total tax expense $ 263,707 $ 262,968 $ 229,809
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2016 2015 Deferred tax assets: Insurance accruals $ 34,788 $ 33,522 Allowance for doubtful accounts 2,347 2,335 Compensation accrual 10,443 13,991 Deferred compensation accrual 26,062 24,687 Federal benefit of state uncertain tax positions 14,085 12,751 Other 3,853 4,036 Total gross deferred tax assets 91,578 91,322 Valuation allowance - (552 ) Total deferred tax assets, net of valuation allowance 91,578 90,770 Deferred tax liabilities: Plant and equipment, principally due to differences in depreciation 831,555 786,840 Prepaid permits and insurance, principally due to expensing for income tax purposes 37,119 33,064 Other 13,538 11,086 Total gross deferred tax liabilities 882,212 830,990 Net deferred tax liability $ 790,634 $ 740,220
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]	December 31, 2016 2015 2014 Beginning balance $ 32.0 $ 31.6 $ 29.7 Additions based on tax positions related to the current year 10.3 9.4 8.2 Additions/(reductions) based on tax positions taken in prior years (3.2 ) (2.5 ) 0.4 Reductions due to settlements (0.4 ) (3.0 ) (3.7 ) Reductions due to lapse of applicable statute of limitations (3.3 ) (3.5 ) (3.0 ) Ending balance $ 35.4 $ 32.0 $ 31.6

Note 9 - Fair Value Measureme26

Note 9 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Asset/(Liability) Balance Input Level Trading investments $ 14.9 1 Interest rate swap $ 2.9 2 Senior notes, net of unamortized discount and debt issuance costs $ (599.0 ) 2

Note 11 - Segment Information (

Note 11 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets (Excludes intercompany accounts) December 31, 2016 2015 2014 JBI $ 2,032 $ 1,848 $ 1,733 DCS 951 949 832 ICS 136 99 106 JBT 279 286 289 Other (includes corporate) 431 448 414 Total $ 3,829 $ 3,630 $ 3,374
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Revenues Years ended December 31, 2016 2015 2014 JBI $ 3,796 $ 3,665 $ 3,687 DCS 1,533 1,451 1,394 ICS 852 699 718 JBT 388 386 386 Total segment revenues 6,569 6,201 6,185 Intersegment eliminations (14 ) (13 ) (20 ) Total $ 6,555 $ 6,188 $ 6,165
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Operating Income Years ended December 31, 2016 2015 2014 JBI $ 450 $ 477 $ 461 DCS 205 163 117 ICS 36 36 30 JBT 30 40 24 Total $ 721 $ 716 $ 632
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Depreciation and Amortization Expense Years ended December 31, 2016 2015 2014 JBI $ 160 $ 148 $ 130 DCS 143 133 117 JBT 41 42 32 Other 18 17 15 Total $ 362 $ 340 $ 294

Note 12 - Quarterly Financial28

Note 12 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter First Second Third Fourth 2016: Operating revenues $ 1,528,712 $ 1,615,026 $ 1,690,659 $ 1,721,062 Operating income $ 167,890 $ 175,792 $ 182,977 $ 194,361 Net earnings $ 100,098 $ 105,011 $ 109,425 $ 117,556 Basic earnings per share $ 0.89 $ 0.93 $ 0.97 $ 1.05 Diluted earnings per share $ 0.88 $ 0.92 $ 0.97 $ 1.05 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

Schedule II - Valuation and Q29

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2014 $ 8.1 $ 19.0 $ (17.6 ) $ 9.5 December 31, 2015 9.5 9.5 (9.1 ) 9.9 December 31, 2016 9.9 19.5 (16.0 ) 13.4

Note 1 - Business (Details Text

Note 1 - Business (Details Textual)	12 Months Ended
	Dec. 31, 2016
Number of Operating Segments	4

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended			36 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable	$ 13,400,000	$ 9,900,000		$ 13,400,000
Self Insurance Reserve	98,000,000	95,000,000		98,000,000
Prepaid Insurance, Current and Noncurrent	93,000,000	87,000,000		93,000,000
Available-for-sale Securities	0	$ 0		0
Reduction of Current Assets as Result of ASU 2015-03 [Member]
Prior Period Reclassification Adjustment	1,400,000
Reduction of Other Assets as Result of ASU 2015-03 [Member]
Prior Period Reclassification Adjustment	5,600,000
Reduction of Long-term Debt as Result of ASU 2015-03 [Member]
Prior Period Reclassification Adjustment	$ 7,000,000
Personal Injury and Property Damage [Member]
Per Claim Self Insured Portion				500,000
Workers Compensation [Member]
Self Insurance Per Claim Deductible				$ 100,000
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage	29.00%	29.00%	28.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Top 10 Customers [Member]
Concentration Risk, Percentage	28.00%	27.00%
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%
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

Note 2 - Summary of Significa32

Note 2 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share Computation (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Weighted average basic shares outstanding (in shares)	112,474	115,677	117,000
Effect of common stock equivalents (in shares)	887	1,051	1,445
Weighted average shares outstanding – diluted (in shares)	113,361	116,728	118,445

Note 3 - Financing Arrangemen33

Note 3 - Financing Arrangements (Details Textual) $ in Millions	Dec. 31, 2016USD ($)
Long-term Debt, Maturities, Repayments of Principal in Year Three	$ 250.9
Long-term Debt, Maturities, Repayments of Principal in Year Four	139
Long-term Debt, Maturities, Repayments of Principal after Year Four	596.4
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	$ 500
Line of Credit Facility, Maximum Borrowing Capacity Increase	250
Senior Debt Obligations [Member] | Line of Credit [Member]
Long-term Line of Credit	$ 140
Debt, Weighted Average Interest Rate	1.76%

Note 3 - Financing Arrangemen34

Note 3 - Financing Arrangements - Outstanding Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Less current portion of long-term debt
Long-term debt	986,278	998,003
Senior Debt Obligations [Member] | Line of Credit [Member]
Long-term Debt	139,000	148,700
Senior Debt Obligations [Member] | Senior Notes [Member]
Long-term Debt	$ 847,300	$ 849,300

Note 4 - Derivative Financial35

Note 4 - Derivative Financial Instruments (Details Textual) $ in Millions	Dec. 31, 2016USD ($)
Senior Notes, First Issuance [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	1.81%
Senior Notes, Third Issuance [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	2.26%
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%

Note 5 - Capital Stock (Details

Note 5 - Capital Stock (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Treasury Stock, Shares, Acquired	3,100,000
Treasury Stock, Value, Acquired, Cost Method	$ 249.8
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 201.2
Preferred Stock, Shares Outstanding	0	0
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	6,900,000

Note 6 - Share-based Compensa37

Note 6 - Share-based Compensation (Details Textual) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Restricted and Performance Share Units Vested and Options Exercised, Aggregate Intrinsic Value	$ 56.7	$ 80.8	$ 88.5
Share-based Compensation Arrangement by Share-based Payment Award, Unvested, Outstanding, Aggregate Intrinsic Value	192.8
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 66.9
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 219 days
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
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 182 days
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0
Restricted Performance Units and Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Vested in Period, Fair Value	$ 38.1	$ 37.3	$ 37.5

Note 6 - Share-based Compensa38

Note 6 - Share-based Compensation - Components of Share-based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restricted Stock Units (RSUs) [Member]
Pretax compensation expense	$ 29,938	$ 27,898	$ 27,256
Tax benefit	11,347	10,629	10,360
Allocated share-based compensation expense, net of tax	18,591	17,269	16,896
Performance Shares [Member]
Pretax compensation expense	10,687	9,330	7,882
Tax benefit	4,050	3,555	2,996
Allocated share-based compensation expense, net of tax	6,637	5,775	4,886
Employee Stock Option [Member]
Pretax compensation expense			195
Tax benefit			74
Allocated share-based compensation expense, net of tax			$ 121

Note 6 - Share-based Compensa39

Note 6 - Share-based Compensation - Restricted Share Units (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of shares unvested at beginning of period (in shares)	1,516,750	1,940,998	2,421,430
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 63.96	$ 51.74	$ 41.49
Number of shares granted (in shares)	540,746	390,143	447,780
Number of shares granted, weighted average grant date fair value (in dollars per share)	$ 75.03	$ 74.86	$ 75.61
Number of shares vested (in shares)	(520,619)	(783,483)	(808,914)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 54.78	$ 39.45	$ 37.33
Number of shares forfeited (in shares)	(34,221)	(30,908)	(119,298)
Number of shares forfeited, weighted average grant date fair value (in dollars per share)	$ 69.14	$ 54.89	$ 47.81
Number of shares unvested at end of period (in shares)	1,502,656	1,516,750	1,940,998
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 71.16	$ 63.96	$ 51.74

Note 6 - Share-based Compensa40

Note 6 - Share-based Compensation - Performance Share Units (Details) - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of shares unvested at beginning of period (in shares)	490,673	433,895	408,025
Number of shares unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 67.04	$ 62.23	$ 56.78
Number of shares granted (in shares)	142,114	160,574	106,945
Number of shares granted, weighted average grant date fair value (in dollars per share)	$ 74.71	$ 74.37	$ 76.22
Number of shares vested (in shares)	(148,733)	(103,796)	(81,075)
Number of shares vested, weighted average grant date fair value (in dollars per share)	$ 62.84	$ 58.28	$ 53.26
Number of shares forfeited (in shares)
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)
Number of shares unvested at end of period (in shares)	484,054	490,673	433,895
Number of shares unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 70.58	$ 67.04	$ 62.23

Note 6 - Share-based Compensa41

Note 6 - Share-based Compensation - Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Options outstanding, beginning of period (in shares)	2	98	440
Options outstanding, beginning of period, weighted average exercise price (in dollars per share)	$ 20.76	$ 20.40	$ 19.08
Options outstanding, weighted average remaining contractual term (Year)		18 days	313 days	1 year 244 days
Options outstanding, aggregate intrinsic value		$ 0.1	$ 6.3	$ 25.6
Options exercised (in shares)	(2)	(95)	(341)
Options exercised, weighted average exercise price (in dollars per share)	$ 20.76	$ 20.35	$ 18.70
Options exercised, aggregate intrinsic value		$ 5.8	$ 19.9
Options forfeited (in shares)		(1)	(1)
Options forfeited, weighted average exercise price (in dollars per share)		$ 24.27	$ 19.08
Options outstanding, end of period (in shares)		2	98	440
Options outstanding, end of period, weighted average exercise price (in dollars per share)		$ 20.76	$ 20.40	$ 19.08
Options exercisable (in shares)
Options exercisable, weighted average exercise price (in dollars per share)
Options exercisable, weighted average remaining contractual term (Year)
Options exercisable, aggregate intrinsic value

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Income Taxes Receivable	$ 15.7	$ 76.7
Unrecognized Tax Benefits	35.4	32	$ 31.6	$ 29.7
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	23	20.8
Income Tax Examination, Penalties and Interest Accrued	1.9	1.9	$ 1.8
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 4.4	$ 4

Note 7 - Income Taxes - Current

Note 7 - Income Taxes - Current and Deferred Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 191,422	$ 160,235	$ 130,761
State and local	21,871	22,306	19,705
Current income taxes, total	213,293	182,541	150,466
Deferred:
Federal	45,846	71,292	72,547
State and local	4,568	9,135	6,796
Deferred income taxes, total	50,414	80,427	79,343
Total tax expense	$ 263,707	$ 262,968	$ 229,809

Note 7 - Income Taxes - Reconci

Note 7 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income tax at federal statutory rate	$ 243,529	$ 241,571	$ 211,610
State tax, net of federal effect	19,165	18,671	17,357
Nondeductible meals and entertainment	1,419	1,420	1,395
Change in effective state tax rate, net of federal benefit	(1,055)	1,761	256
Other, net	649	(455)	(809)
Total tax expense	$ 263,707	$ 262,968	$ 229,809

Note 7 - Income Taxes - Deferre

Note 7 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Insurance accruals	$ 34,788	$ 33,522
Allowance for doubtful accounts	2,347	2,335
Compensation accrual	10,443	13,991
Deferred compensation accrual	26,062	24,687
Federal benefit of state uncertain tax positions	14,085	12,751
Other	3,853	4,036
Total gross deferred tax assets	91,578	91,322
Valuation allowance		(552)
Total deferred tax assets, net of valuation allowance	91,578	90,770
Deferred tax liabilities:
Plant and equipment, principally due to differences in depreciation	831,555	786,840
Prepaid permits and insurance, principally due to expensing for income tax purposes	37,119	33,064
Other	13,538	11,086
Total gross deferred tax liabilities	882,212	830,990
Net deferred tax liability	$ 790,634	$ 740,220

Note 7 - Income Taxes - Unrecog

Note 7 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Beginning balance	$ 32	$ 31.6	$ 29.7
Additions based on tax positions related to the current year	10.3	9.4	8.2
Additions/(reductions) based on tax positions taken in prior years	(3.2)	(2.5)
Additions/(reductions) based on tax positions taken in prior years			0.4
Reductions due to settlements	(0.4)	(3)	(3.7)
Reductions due to lapse of applicable statute of limitations	(3.3)	(3.5)	(3)
Ending balance	$ 35.4	$ 32	$ 31.6

Note 8 - Employee Benefit Pla47

Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan, Cost Recognized	$ 15.6	$ 14.7	$ 11.6
Deferred Compensation Liability, Current and Noncurrent	14.9	13.6
Other Current Assets [Member] | Equity Securities [Member]
Trading Securities	$ 14.9	$ 13.6

Note 9 - Fair Value Measureme48

Note 9 - Fair Value Measurements (Details Textual) - Senior Notes [Member] - Fair Value, Measurements, Recurring [Member] $ in Millions	Dec. 31, 2016USD ($)
Long-term Debt	$ 387.3
Estimate of Fair Value Measurement [Member]
Long-term Debt, Fair Value	$ 402.3

Note 9 - Fair Value Measureme49

Note 9 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring [Member] $ in Millions	Dec. 31, 2016USD ($)
Fair Value, Inputs, Level 1 [Member]
Trading investments	$ 14.9
Fair Value, Inputs, Level 2 [Member]
Interest rate swap	2.9
Senior notes, net of unamortized discount and debt issuance costs	$ (599)

Note 10 - Commitments and Con50

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Future Minimum Payments Due	$ 36.7
Operating Leases, Future Minimum Payments Due, Next Twelve Months	15.2
Operating Leases, Future Minimum Payments, Due in Two Years	9.4
Operating Leases, Future Minimum Payments, Due in Three Years	5.9
Operating Leases, Future Minimum Payments, Due in Four Years	4.3
Operating Leases, Future Minimum Payments, Due in Five Years	1.8
Operating Leases, Future Minimum Payments, Due Thereafter	0.1
Operating Leases, Rent Expense, Net	44.1	$ 39.5	$ 39.1
Purchase Obligation, Due in Next Twelve Months	967
Loss Contingency, Estimate of Possible Loss	$ 4.4

Note 11 - Segment Information51

Note 11 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2016
Number of Reportable Segments	4

Note 11 - Segment Information -

Note 11 - Segment Information - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets	$ 3,828,988	$ 3,629,544	$ 3,374,000
Operating Segments [Member] | JBI [Member]
Assets	2,032,000	1,848,000	1,733,000
Operating Segments [Member] | DCS [Member]
Assets	951,000	949,000	832,000
Operating Segments [Member] | ICS [Member]
Assets	136,000	99,000	106,000
Operating Segments [Member] | JBT [Member]
Assets	279,000	286,000	289,000
Operating Segments [Member] | Corporate and Other [Member]
Assets	$ 431,000	$ 448,000	$ 414,000

Note 11 - Segment Information53

Note 11 - Segment Information - Operating Revenues (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 1,721,062	$ 1,690,659	$ 1,615,026	$ 1,528,712	$ 1,621,015	$ 1,586,494	$ 1,539,957	$ 1,440,180	$ 6,555,459	$ 6,187,646	$ 6,165,441
Operating Segments [Member]
Revenues									6,569,000	6,201,000	6,185,000
Operating Segments [Member] | JBI [Member]
Revenues									3,796,000	3,665,000	3,687,000
Operating Segments [Member] | DCS [Member]
Revenues									1,533,000	1,451,000	1,394,000
Operating Segments [Member] | ICS [Member]
Revenues									852,000	699,000	718,000
Operating Segments [Member] | JBT [Member]
Revenues									388,000	386,000	386,000
Intersegment Eliminations [Member]
Revenues									$ (14,000)	$ (13,000)	$ (20,000)

Note 11 - Segment Information54

Note 11 - Segment Information - Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating income	$ 194,361	$ 182,977	$ 175,792	$ 167,890	$ 192,893	$ 193,846	$ 173,735	$ 155,220	$ 721,020	$ 715,694	$ 631,542
JBI [Member] | Operating Segments [Member]
Operating income									450,000	477,000	461,000
DCS [Member] | Operating Segments [Member]
Operating income									205,000	163,000	117,000
ICS [Member] | Operating Segments [Member]
Operating income									36,000	36,000	30,000
JBT [Member] | Operating Segments [Member]
Operating income									$ 30,000	$ 40,000	$ 24,000

Note 11 - Segment Information55

Note 11 - Segment Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Depreciation and amortization	$ 361,510	$ 339,613	$ 294,496
JBI [Member] | Operating Segments [Member]
Depreciation and amortization	160,000	148,000	130,000
DCS [Member] | Operating Segments [Member]
Depreciation and amortization	143,000	133,000	117,000
JBT [Member] | Operating Segments [Member]
Depreciation and amortization	41,000	42,000	32,000
Corporate and Other [Member] | Operating Segments [Member]
Depreciation and amortization	$ 18,000	$ 17,000	$ 15,000

Note 12 - Quarterly Financial56

Note 12 - Quarterly Financial Information (Unaudited) - Operating Results by Quarter (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating revenues	$ 1,721,062	$ 1,690,659	$ 1,615,026	$ 1,528,712	$ 1,621,015	$ 1,586,494	$ 1,539,957	$ 1,440,180	$ 6,555,459	$ 6,187,646	$ 6,165,441
Operating income	194,361	182,977	175,792	167,890	192,893	193,846	173,735	155,220	721,020	715,694	631,542
Net earnings	$ 117,556	$ 109,425	$ 105,011	$ 100,098	$ 116,746	$ 115,139	$ 103,419	$ 91,932	$ 432,090	$ 427,235	$ 374,792
Basic earnings per share (in dollars per share)	$ 1.05	$ 0.97	$ 0.93	$ 0.89	$ 1.02	$ 1	$ 0.89	$ 0.79	$ 3.84	$ 3.69	$ 3.20
Diluted earnings per share (in dollars per share)	$ 1.05	$ 0.97	$ 0.92	$ 0.88	$ 1.01	$ 0.99	$ 0.88	$ 0.78	$ 3.81	$ 3.66	$ 3.16

Schedule II - Valuation and Q57

Schedule II - Valuation and Qualifying Accounts - Allowance for Doubtful Accounts and Revenue Adjustments (Details) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance at beginning of year	$ 9.9	$ 9.5	$ 8.1
Charged to expense/against revenue	19.5	9.5	19
Write-offs, net of recoveries	(16)	(9.1)	(17.6)
Balance at end of year	$ 13.4	$ 9.9	$ 9.5