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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Loss Per Share

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net earnings attributable to Kirby

 

$

57,367

 

 

$

28,457

 

 

$

98,065

 

 

$

45,891

 

Undistributed earnings allocated to restricted shares

 

 

(22

)

 

 

(10

)

 

 

(21

)

 

 

(11

)

Earnings available to Kirby common stockholders – basic

 

 

57,345

 

 

 

28,447

 

 

 

98,044

 

 

 

45,880

 

Undistributed earnings allocated to restricted shares

 

 

22

 

 

 

10

 

 

 

21

 

 

 

11

 

Undistributed earnings reallocated to restricted shares

 

 

(22

)

 

 

(10

)

 

 

(21

)

 

 

(11

)

Earnings available to Kirby common stockholders – diluted

 

$

57,345

 

 

$

28,447

 

 

$

98,044

 

 

$

45,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock issued and outstanding

 

 

59,829

 

 

 

60,222

 

 

 

59,905

 

 

 

60,202

 

Weighted average unvested restricted stock

 

 

(23

)

 

 

(20

)

 

 

(13

)

 

 

(14

)

Weighted average common stock outstanding – basic

 

 

59,806

 

 

 

60,202

 

 

 

59,892

 

 

 

60,188

 

Dilutive effect of stock options and restricted stock units

 

 

279

 

 

 

265

 

 

 

287

 

 

 

277

 

Weighted average common stock outstanding – diluted

 

 

60,085

 

 

 

60,467

 

 

 

60,179

 

 

 

60,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share attributable to Kirby common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.96

 

 

$

0.47

 

 

$

1.64

 

 

$

0.76

 

Diluted

 

$

0.95

 

 

$

0.47

 

 

$

1.63

 

 

$

0.76