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Earnings per Common Share
 6 Months Ended
Jun. 30, 2012
Earnings per Common Share  
Earnings per Common Share

6.              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 Six Months ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

$

48,600

 

$

50,203

 

$

95,015

 

$

91,312

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per common share

 

71,173

 

70,856

 

71,083

 

70,400

 

Effect of dilutive securities

 

594

 

702

 

690

 

899

 

Weighted average common shares for diluted earnings per common share

 

71,767

 

71,558

 

71,773

 

71,299

 

 

 

 

 

 

 

 

 

 

 

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met

 

774

 

124

 

422

 

70

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.68

 

$

0.71

 

$

1.34

 

$

1.30

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.68

 

$

0.70

 

$

1.32

 

$

1.28