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Earnings per Common Share
 6 Months Ended
Jun. 30, 2011
Earnings per Common Share  
Earnings per Common Share

3.              Earnings per Common Share

 

The following table sets forth the computation of basic and diluted earnings per common share for the periods presented (in thousands, except per share amounts): 

 

 

 

For the Three Months ended

 

For the Six Months ended

 

 

 

June 30,

 

June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

$

50,203

 

$

36,977

 

$

91,312

 

$

70,680

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per common share

 

70,856

 

59,418

 

70,400

 

59,371

 

Effect of dilutive securities

 

702

 

1,267

 

899

 

1,275

 

Weighted average common shares for diluted earnings per common share

 

71,558

 

60,685

 

71,299

 

60,646

 

 

 

 

 

 

 

 

 

 

 

Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share

 

124

 

297

 

70

 

205

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.71

 

$

0.62

 

$

1.30

 

$

1.19

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.70

 

$

0.61

 

$

1.28

 

$

1.17