Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 242,593	$ 205,415
Accounts receivable, net	2,290,085	2,160,561
Inventories	450,285	472,584
Prepaid expenses	172,990	109,297
Other current assets	200,680	174,370
Total current assets	3,356,633	3,122,227
Property and equipment, net	89,509	90,710
Goodwill	348,214	346,246
Identifiable intangible assets, net	101,943	107,620
Non-current other assets	29,505	30,443
Total assets	3,925,804	3,697,246
Current liabilities:
Short-term debt	20,516	17,800
Accounts payable	1,880,861	1,739,678
Customer deposits	83,907	105,554
Accrued expenses and other current liabilities	225,450	163,110
Total current liabilities	2,210,734	2,026,142
Long-term debt	265,147	269,348
Non-current income tax liabilities, net	46,194	47,703
Other long-term liabilities	8,153	7,335
Total liabilities	2,530,228	2,350,528
Commitments and contingencies
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 100 shares authorized, none issued
Common stock, $0.01 par value; 100,000 shares authorized, 71,887 and 71,154 issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	719	712
Capital in excess of par value	503,636	502,551
Retained earnings	879,973	836,222
Accumulated other comprehensive loss	(3,717)	(6,524)
Total World Fuel shareholders' equity	1,380,611	1,332,961
Noncontrolling interest equity	14,965	13,757
Total equity	1,395,576	1,346,718
Total liabilities and equity	$ 3,925,804	$ 3,697,246

Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements payable beyond one year (or the operating cycle, if longer). Also includes the aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).

No definition available.