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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Loss 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 June 30,

 

 

Six months ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net earnings (loss) attributable to Kirby

 

$

10,190

 

 

$

25,002

 

 

$

6,815

 

 

$

(322,239

)

Undistributed earnings allocated to restricted shares

 

 

(8

)

 

 

(46

)

 

 

(6

)

 

 

 

Earnings (loss) available to Kirby common stockholders – basic

 

 

10,182

 

 

 

24,956

 

 

 

6,809

 

 

 

(322,239

)

Undistributed earnings allocated to restricted shares

 

 

8

 

 

 

46

 

 

 

6

 

 

 

 

Undistributed earnings reallocated to restricted shares

 

 

(8

)

 

 

(46

)

 

 

(6

)

 

 

 

Earnings (loss) available to Kirby common stockholders – diluted

 

$

10,182

 

 

$

24,956

 

 

$

6,809

 

 

$

(322,239

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock issued and outstanding

 

 

60,101

 

 

 

60,023

 

 

 

60,088

 

 

 

60,003

 

Weighted average unvested restricted stock

 

 

(48

)

 

 

(111

)

 

 

(53

)

 

 

(105

)

Weighted average common stock outstanding – basic

 

 

60,053

 

 

 

59,912

 

 

 

60,035

 

 

 

59,898

 

Dilutive effect of stock options and restricted stock units

 

 

221

 

 

 

25

 

 

 

185

 

 

 

 

Weighted average common stock outstanding – diluted

 

 

60,274

 

 

 

59,937

 

 

 

60,220

 

 

 

59,898

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share attributable to Kirby common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.17

 

 

$

0.42

 

 

$

0.11

 

 

$

(5.38

)

Diluted

 

$

0.17

 

 

$

0.42

 

 

$

0.11

 

 

$

(5.38

)