XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.19.2

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Jun. 30, 2019
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | (12) EARNINGS PER SHARE The following table presents the components of basic and diluted earnings per share for the three months and six months ended June 30, 2019 and 2018 (in thousands, except per share amounts):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net earnings attributable to Kirby |  | $ | 47,287 |  |  | $ | 28,602 |  |  | $ | 91,583 |  |  | $ | 61,073 |
Undistributed earnings allocated to restricted shares |  |  | (122 | ) |  |  | (116 | ) |  |  | (241 | ) |  |  | (269 | )
Income available to Kirby common stockholders – basic |  |  | 47,165 |  |  |  | 28,486 |  |  |  | 91,342 |  |  |  | 60,804 |
Undistributed earnings allocated to restricted shares |  |  | 122 |  |  |  | 116 |  |  |  | 241 |  |  |  | 269 |
Undistributed earnings reallocated to restricted shares |  |  | (122 | ) |  |  | (115 | ) |  |  | (240 | ) |  |  | (269 | )
Income available to Kirby common stockholders – diluted |  | $ | 47,165 |  |  | $ | 28,487 |  |  | $ | 91,343 |  |  | $ | 60,804 |
Shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common stock issued and outstanding |  |  | 59,894 |  |  |  | 59,790 |  |  |  | 59,882 |  |  |  | 59,735 |
Weighted average unvested restricted stock |  |  | (154 | ) |  |  | (242 | ) |  |  | (157 | ) |  |  | (263 | )
Weighted average common stock outstanding – basic |  |  | 59,740 |  |  |  | 59,548 |  |  |  | 59,725 |  |  |  | 59,472 |
Dilutive effect of stock options and restricted stock units |  |  | 167 |  |  |  | 172 |  |  |  | 140 |  |  |  | 137 |
Weighted average common stock outstanding – diluted |  |  | 59,907 |  |  |  | 59,720 |  |  |  | 59,865 |  |  |  | 59,609 |
Net earnings per share attributable to Kirby common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.79 |  |  | $ | 0.48 |  |  | $ | 1.53 |  |  | $ | 1.02 |
Diluted |  | $ | 0.79 |  |  | $ | 0.48 |  |  | $ | 1.53 |  |  | $ | 1.02 |
Certain outstanding options to purchase approximately 297,000 and 189,000 shares of common stock were excluded in the computation of diluted earnings per share as of June 30, 2019 and 2018, respectively, as such stock options would have been antidilutive. Certain outstanding RSUs to convert to 4,000 shares of common stock were also excluded in the computation of diluted earnings per share as of June 30, 2019 as such RSUs would have been antidilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration