XML 80 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified
Total
World Fuel Shareholders' Equity
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interest Equity (Deficit)
Comprehensive Income
Balance at Dec. 31, 2008 $ 608,146 $ 607,887 $ 586 $ 204,749 $ 406,953 $ (4,401) $ 259  
Balance (in shares) at Dec. 31, 2008     58,590          
Comprehensive income:                
Net income 117,563 117,139     117,139   424 117,563
Foreign currency translation adjustment 7,135 7,135       7,135   7,135
Change in effective portion of cash flow hedges, net of income tax provision of $413 1,061 1,061       1,061   1,061
Comprehensive income (loss) 125,759 125,335         424 125,759
Cash dividends declared (8,872) (8,872)     (8,872)      
Distribution of noncontrolling interest (455)           (455)  
Amortization of share-based payment awards 6,763 6,763   6,763        
Issuance of common stock related to share-based payment awards including income tax benefit of $10,380 and $5,952 for the years ended December 31, 2010 and 2011, respectively 6,859 6,859 11 6,848        
Issuance of common stock related to share-based payment awards (in shares)     1,095          
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (4,954) (4,954) (3) (4,951)        
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)     (278)          
Other 3 3   5 (2)      
Other (in Shares)     (22)          
Balance at Dec. 31, 2009 733,249 733,021 594 213,414 515,218 3,795 228  
Balance (in shares) at Dec. 31, 2009     59,385          
Comprehensive income:                
Net income 146,503 146,865     146,865   (362) 146,503
Foreign currency translation adjustment 958 958       958   958
Comprehensive income (loss) 147,461 147,823         (362) 147,461
Cash dividends declared (9,287) (9,287)     (9,287)      
Distribution of noncontrolling interest (510)           (510)  
Amortization of share-based payment awards 8,789 8,789   8,789        
Issuance of common stock related to share-based payment awards including income tax benefit of $10,380 and $5,952 for the years ended December 31, 2010 and 2011, respectively 10,800 10,800 4 10,796        
Issuance of common stock related to share-based payment awards (in shares)     383          
Public offering of common stock 218,816 218,816 92 218,724        
Public offering of common stock (in shares)     9,200          
Issuance of common stock related to acquisitions 21,070 21,070 7 21,063        
Issuance of common stock related to acquisitions (in shares)     690          
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (3,824) (3,824) (1) (3,823)        
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)     (56)          
Balance at Dec. 31, 2010 1,126,564 1,127,208 696 468,963 652,796 4,753 (644)  
Balance (in shares) at Dec. 31, 2010     69,602          
Comprehensive income:                
Net income 199,202 194,029     194,029   5,173 199,202
Foreign currency translation adjustment (11,277) (11,277)       (11,277)   (11,277)
Comprehensive income (loss) 187,925 182,752         5,173 187,925
Initial noncontrolling interest upon consolidation of joint venture 614           614  
Capital contribution for joint ventures 10,411           10,411  
Cash dividends declared (10,603) (10,603)     (10,603)      
Distribution of noncontrolling interest (1,797)           (1,797)  
Amortization of share-based payment awards 8,906 8,906   8,906        
Issuance of common stock related to share-based payment awards including income tax benefit of $10,380 and $5,952 for the years ended December 31, 2010 and 2011, respectively 7,409 7,409 10 7,399        
Issuance of common stock related to share-based payment awards (in shares)     944          
Issuance of common stock related to acquisitions 27,491 27,491 7 27,484        
Issuance of common stock related to acquisitions (in shares)     691          
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (10,202) (10,202) (1) (10,201)        
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)     (83)          
Balance at Dec. 31, 2011 $ 1,346,718 $ 1,332,961 $ 712 $ 502,551 $ 836,222 $ (6,524) $ 13,757  
Balance (in shares) at Dec. 31, 2011     71,154