XML 42 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share

The following table presents the components of basic and diluted earnings (loss) per share (in thousands, except per share amounts):

 
Three months ended September 30,
   
Nine months ended September 30,
 
   
2020
   
2019
   
2020
   
2019
 
Net earnings (loss) attributable to Kirby
 
$
27,489
   
$
47,987
   
$
(294,750
)
 
$
139,570
 
Undistributed earnings allocated to restricted shares
   
(57
)
   
(128
)
   
     
(369
)
Income (loss) available to Kirby common stockholders – basic
   
27,432
     
47,859
     
(294,750
)
   
139,201
 
Undistributed earnings allocated to restricted shares
   
57
     
128
     
     
369
 
Undistributed earnings reallocated to restricted shares
   
(57
)
   
(128
)
   
     
(368
)
Income (loss) available to Kirby common stockholders – diluted
 
$
27,432
   
$
47,859
   
$
(294,750
)
 
$
139,202
 
                                 
Shares outstanding:
                               
Weighted average common stock issued and outstanding
   
60,038
     
59,908
     
60,015
     
59,891
 
Weighted average unvested restricted stock
   
(123
)
   
(159
)
   
(112
)
   
(158
)
Weighted average common stock outstanding – basic
   
59,915
     
59,749
     
59,903
     
59,733
 
Dilutive effect of stock options and restricted stock units
   
16
     
157
     
     
146
 
Weighted average common stock outstanding – diluted
   
59,931
     
59,906
     
59,903
     
59,879
 
                                 
Net earnings (loss) per share attributable to Kirby common stockholders:
                               
Basic
 
$
0.46
   
$
0.80
   
$
(4.92
)
 
$
2.33
 
Diluted
 
$
0.46
   
$
0.80
   
$
(4.92
)
 
$
2.32