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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2018
Summary of Significant Accounting Policies [Abstract] |
Condensed Consolidated Financial Statements Impacted by ASU 2014-09 | The following tables summarize the financial statement line items within the Company’s condensed consolidated financial statements impacted by ASU 2014-09 for the year ended December 31, 2018 (in thousands):
|  | 2018 |
|  | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change |
Statements of earnings: |  |  |  |  |  |  |  |  |
Distribution and services revenues |  | $ | 1,487,554 |  |  | $ | 1,515,554 |  |  | $ | (28,000 | )
Costs of sales and operating expenses |  | $ | 2,160,946 |  |  | $ | 2,181,046 |  |  | $ | (20,100 | )
Operating income |  | $ | 155,289 |  |  | $ | 163,189 |  |  | $ | (7,900 | )
Earnings before taxes on income |  | $ | 114,159 |  |  | $ | 122,059 |  |  | $ | (7,900 | )
Provision for taxes on income |  | $ | (35,081 | ) |  | $ | (37,187 | ) |  | $ | 2,106 |
Net earnings attributable to Kirby |  | $ | 78,452 |  |  | $ | 84,246 |  |  | $ | (5,794 | )
Statements of comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 79,078 |  |  | $ | 84,872 |  |  | $ | (5,794 | )
Comprehensive income attributable to Kirby |  | $ | 77,346 |  |  | $ | 83,140 |  |  | $ | (5,794 | )
Statements of cash flows: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 79,078 |  |  | $ | 84,872 |  |  | $ | (5,794 | )
Provision for deferred income taxes |  | $ | 34,881 |  |  | $ | 32,775 |  |  | $ | 2,106 |
Decrease in cash flows resulting from changes in: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 12,511 |  |  | $ | (71,624 | ) |  | $ | 84,135 |
Inventory |  | $ | (144,685 | ) |  | $ | (71,985 | ) |  | $ | (72,700 | )
Accrued and other liabilities |  | $ | 30,712 |  |  | $ | 38,459 |  |  | $ | (7,747 | )
The following table summarizes the balance sheet line items within the Company’s condensed consolidated financial statements as of December 31, 2018 impacted by ASU 2014-09 (in thousands):
|  | December 31, 2018 |
|  | As Reported |  |  | Balances without Adoption of ASC 606 |  |  | Effect of Change |
Balance sheets: |  |  |  |  |  |  |  |  |
Trade receivables |  | $ | 417,644 |  |  | $ | 501,779 |  |  | $ | (84,135 | )
Inventories – net |  | $ | 507,441 |  |  | $ | 434,741 |  |  | $ | 72,700 |
Total assets |  | $ | 5,871,594 |  |  | $ | 5,883,029 |  |  | $ | (11,435 | )
Deferred revenues |  | $ | 80,123 |  |  | $ | 70,858 |  |  | $ | 9,265 |
Deferred income taxes |  | $ | 542,785 |  |  | $ | 547,991 |  |  | $ | (5,206 | )
Retained earnings |  | $ | 2,723,592 |  |  | $ | 2,739,086 |  |  | $ | (15,494 | )
Total liabilities and equity |  | $ | 5,871,594 |  |  | $ | 5,883,029 |  |  | $ | (11,435 | )

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