XML 52 R24.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Acquisitions and Significant Accounting Policies (Details)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2010
USD ($)
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Apr. 02, 2011
USD ($)
Mar. 31, 2011
USD ($)
Jun. 30, 2011
2011 Acquisitions
USD ($)
Jun. 30, 2011
2011 Acquisitions
Aviation segment
USD ($)
Jun. 30, 2011
2011 Acquisitions
Marine segment
USD ($)
Jun. 30, 2011
Ascent Aviation Group, Inc. ("Ascent") and other immaterial acquisition
USD ($)
Apr. 02, 2011
Ascent Aviation Group, Inc. ("Ascent") and other immaterial acquisition
USD ($)
Jun. 30, 2011
Nordic Camp Supply ApS ("NCS")
Apr. 02, 2011
Nordic Camp Supply ApS ("NCS")
USD ($)
Mar. 01, 2011
Nordic Camp Supply ApS ("NCS")
USD ($)
Jun. 30, 2011
2010 Acquisitions
USD ($)
Jun. 30, 2011
2010 Acquisitions
Aviation segment
USD ($)
Jun. 30, 2011
2010 Acquisitions
Land segment
USD ($)
Jun. 30, 2011
2010 Acquisitions
Marine segment
USD ($)
Apr. 30, 2009
Henty Oil Limited, Tank and Marine Engineering Limited and Henty Shipping Services Limited (collectively, "Henty")
Jun. 30, 2011
Henty Oil Limited, Tank and Marine Engineering Limited and Henty Shipping Services Limited (collectively, "Henty")
USD ($)
Jun. 30, 2011
Henty Oil Limited, Tank and Marine Engineering Limited and Henty Shipping Services Limited (collectively, "Henty")
GBP (£)
Acquisitions                                        
Number of businesses acquired                 2                      
Minimum number of airports and fixed base operators acquired company supplies branded aviation fuel and deicing fluid to                   450                    
Estimated purchase price                   $ 48,900,000     $ 94,800,000              
Estimated purchase price - cash                   37,900,000     67,300,000              
Promissory notes issued for acquisition       7,500,000           7,500,000                    
Amount due to sellers                 3,500,000                      
Goodwill anticipated to be deductible for tax purposes           16,300,000                            
Estimated purchase price for acquisition paid in shares of common stock         27,500,000               27,500,000              
Increase (decrease) in the aggregate purchase price of acquisitions                           3,900,000            
Increase (decrease) in goodwill                             (4,300,000) 11,700,000 1,500,000      
Increase (decrease) in identifiable intangible assets                             (3,900,000)          
Increase (decrease) in fixed assets                             (500,000)          
Increase (decrease) in long-term liabilities                             800,000          
Amortization period of identifiable intangible assets (in years)                 2.5   1.0                  
Puchase price allocation                                        
Fixed assets                   18,200,000     1,600,000              
Identifiable intangible assets                   8,000,000     13,600,000              
Goodwill             30,400,000 2,800,000   19,100,000     14,100,000              
Working capital                   3,600,000     68,900,000              
Cash                   2,100,000   600,000                
Long-term deferred tax liabilities                         3,400,000              
Pro Forma Information                                        
Revenue 4,495,436,000 15,974,965,000 8,490,596,000                                  
Net income attributable to World Fuel 38,189,000 98,903,000 71,441,000                                  
Earnings per share:                                        
Basic (in dollars per share) $ 0.64 $ 1.39 $ 1.19                                  
Diluted (in dollars per share) $ 0.62 $ 1.37 $ 1.16                                  
Earn-out                                        
Period for acquiree to meet certain operating targets for earn-out payment (in years)                                   3    
Maximum Earn-out payment prior to purchase agreement amendment                                     9,600,000 6,000,000
Minimum Earn-out payment established in consideration for the reduction in the maximum Earn-out                                     4,300,000 2,700,000
Fair value of the earn-out liability                                     5,200,000 3,200,000
Business Acquisition, Cost of Acquired Entity, Liabilities Incurred       $ 7,500,000           $ 7,500,000