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Earnings per Common Share | 9 Months Ended
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Sep. 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 Nine Months ended |
|  | September 30, |  | September 30, |
|  | 2011 |  | 2010 |  | 2011 |  | 2010 |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to World Fuel |  | $ | 52,655 |  | $ | 36,755 |  | $ | 143,967 |  | $ | 107,435 |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common shares for basic earnings per common share |  | 70,939 |  | 60,496 |  | 70,593 |  | 59,768 |
Effect of dilutive securities |  | 648 |  | 1,167 |  | 822 |  | 1,217 |
Weighted average common shares for diluted earnings per common share |  | 71,587 |  | 61,663 |  | 71,415 |  | 60,985 |
Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share |  | 119 |  | 222 |  | 85 |  | 268 |
Basic earnings per common share |  | $ | 0.74 |  | $ | 0.61 |  | $ | 2.04 |  | $ | 1.80 |
Diluted earnings per common share |  | $ | 0.74 |  | $ | 0.60 |  | $ | 2.02 |  | $ | 1.76

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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