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Earnings per Common Share
 3 Months Ended
Mar. 31, 2012
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

 

 

 

March 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

Net income attributable to World Fuel

 

$

46,415

 

$

41,109

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average common shares for basic earnings per common share

 

70,998

 

69,970

 

Effect of dilutive securities

 

776

 

1,012

 

Weighted average common shares for diluted earnings per common share

 

71,774

 

70,982

 

 

 

 

 

 

 

Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share

 

54

 

—

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.65

 

$

0.59

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.65

 

$

0.58