XML 86 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2011
Summary Quarterly Information (Unaudited)  
Summary Quarterly Information (Unaudited)

12. Summary Quarterly Information (Unaudited)

The following is a summary of the unaudited quarterly results for 2011 and 2010 (in thousands, except earnings per share data):

 
   March 31,
2011 (1)
   June 30,
2011 (1)(2)
   September 30,
2011 (1)(2)
   December 31,
2011 (1)(2)
 

Revenue

   $7,079,406   $8,708,709   $9,510,792   $9,323,947
 

Gross profit

   $136,768   $165,102   $170,847   $162,286
 

Net income including noncontrolling interest

   $41,657   $50,673   $53,842   $53,030
 

Net income attributable to World Fuel

   $41,109   $50,203   $52,655   $50,062
 

Basic earnings per share

   $0.59   $0.71   $0.74   $0.70
 

Diluted earnings per share (5)

   $0.58   $0.70   $0.74   $0.70
 

 
   March 31,
2010
   June 30,
2010
   September 30,
2010 (3)
   December 31,
2010 (3)(4)
 

Revenue

   $3,918,021   $4,397,275   $4,987,074   $5,828,777
 

Gross profit

   $98,818   $107,569   $112,107   $123,647
 

Net income including noncontrolling interest

   $33,840   $37,051   $36,374   $39,238
 

Net income attributable to World Fuel

   $33,703   $36,977   $36,755   $39,430
 

Basic earnings per share (5)

   $0.57   $0.62   $0.61   $0.57
 

Diluted earnings per share (5)

   $0.56   $0.61   $0.60   $0.56
 
(1)
Includes NCS business operations since March 1, 2011 as a result of the acquisition.

(2)
Includes Ascent business operations since April 1, 2011 as a result of the acquisition.

(3)
Includes the Lakeside business operations since July 1, 2010 as a result of the acquisition.

(4)
Includes Western business operations since October 1, 2010, Gib Oil business operations since December 1, 2010 and Hiller business operations since December 31, 2010 as a result of the acquisitions.

(5)
Basic and diluted earnings per share are computed independently for each quarter and the full year based upon respective weighted average shares outstanding. Therefore, the sum of the quarterly basic and diluted earnings per share amounts may not equal the annual basic earnings per share amount reported.