XML 35 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Earnings per Common Share
9 Months Ended
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