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Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Results (Unaudited) [Abstract] |
Quarterly Results (Unaudited) |
(16) | Quarterly Results (Unaudited)
The unaudited quarterly results were as follows (in thousands, except per share amounts):
|  | Three Months Ended |
|  | March 31, 2020 |  |  | June 30, 2020 |  |  | September 30, 2020 |  |  | December 31, 2020 |
Revenues |  | $ | 643,926 |  |  | $ | 541,159 |  |  | $ | 496,567 |  |  | $ | 489,756 |
Costs and expenses |  |  | 1,154,114 |  |  |  | 506,718 |  |  |  | 466,340 |  |  |  | 465,113 |
Gain (loss) on disposition of assets |  |  | 492 |  |  |  | (189 | ) |  |  | (316 | ) |  |  | 131 |
Operating income (loss) |  |  | (509,696 | ) |  |  | 34,252 |  |  |  | 29,911 |  |  |  | 24,774 |
Other income |  |  | 2,723 |  |  |  | 2,290 |  |  |  | 1,172 |  |  |  | 1,962 |
Interest expense |  |  | (12,799 | ) |  |  | (12,708 | ) |  |  | (11,809 | ) |  |  | (11,423 | )
Earnings (loss) before taxes on income |  |  | (519,772 | ) |  |  | 23,834 |  |  |  | 19,274 |  |  |  | 15,313 |
Benefit for taxes on income |  |  | 172,809 |  |  |  | 1,429 |  |  |  | 8,419 |  |  |  | 7,102 |
Net earnings (loss) |  |  | (346,963 | ) |  |  | 25,263 |  |  |  | 27,693 |  |  |  | 22,415 |
Less: Net earnings attributable to noncontrolling interests |  |  | (278 | ) |  |  | (261 | ) |  |  | (204 | ) |  |  | (211 | )
Net earnings (loss) attributable to Kirby |  | $ | (347,241 | ) |  | $ | 25,002 |  |  | $ | 27,489 |  |  | $ | 22,204 |
Net earnings (loss) per share attributable to Kirby common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (5.80 | ) |  | $ | 0.42 |  |  | $ | 0.46 |  |  | $ | 0.37 |
Diluted |  | $ | (5.80 | ) |  | $ | 0.42 |  |  | $ | 0.46 |  |  | $ | 0.37 |
|  | Three Months Ended |
|  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |  |  | December 31, 2019 |
Revenues |  | $ | 744,621 |  |  | $ | 771,042 |  |  | $ | 666,809 |  |  | $ | 655,927 |
Costs and expenses |  |  | 674,672 |  |  |  | 698,317 |  |  |  | 588,534 |  |  |  | 643,001 |
Gain (loss) on disposition of assets |  |  | 2,157 |  |  |  | 3,118 |  |  |  | (374 | ) |  |  | 3,251 |
Operating income |  |  | 72,106 |  |  |  | 75,843 |  |  |  | 77,901 |  |  |  | 16,177 |
Other income (expense) |  |  | (568 | ) |  |  | 2,381 |  |  |  | 864 |  |  |  | 1,110 |
Interest expense |  |  | (13,201 | ) |  |  | (15,515 | ) |  |  | (14,310 | ) |  |  | (12,968 | )
Earnings before taxes on income |  |  | 58,337 |  |  |  | 62,709 |  |  |  | 64,455 |  |  |  | 4,319 |
Provision for taxes on income |  |  | (13,880 | ) |  |  | (15,269 | ) |  |  | (16,305 | ) |  |  | (1,347 | )
Net earnings |  |  | 44,457 |  |  |  | 47,440 |  |  |  | 48,150 |  |  |  | 2,972 |
Less: Net earnings attributable to noncontrolling interests |  |  | (161 | ) |  |  | (153 | ) |  |  | (163 | ) |  |  | (195 | )
Net earnings attributable to Kirby |  | $ | 44,296 |  |  | $ | 47,287 |  |  | $ | 47,987 |  |  | $ | 2,777 |
Net earnings per share attributable to Kirby common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.74 |  |  | $ | 0.79 |  |  | $ | 0.80 |  |  | $ | 0.05 |
Diluted |  | $ | 0.74 |  |  | $ | 0.79 |  |  | $ | 0.80 |  |  | $ | 0.05 |
Quarterly basic and diluted earnings per share may not total to the full year per share amounts, as the weighted average number of shares outstanding for each quarter fluctuates as a result of the assumed exercise of stock options.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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