XML 90 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Summary of Significant Accounting Policies [Abstract]  
Condensed Consolidated Financial Statements Impacted by ASU 2014-09

The following table summarizes 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
)