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Earnings per Common Share
 9 Months Ended
Sep. 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 Nine Months ended

 

 

 

September 30,

 

September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

$

51,494

 

$

52,655

 

$

146,509

 

$

143,967

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per common share

 

71,216

 

70,939

 

71,128

 

70,593

 

Effect of dilutive securities

 

600

 

648

 

663

 

822

 

Weighted average common shares for diluted earnings per common share

 

71,816

 

71,587

 

71,791

 

71,415

 

 

 

 

 

 

 

 

 

 

 

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

 

452

 

119

 

307

 

85

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

0.72

 

$

0.74

 

$

2.06

 

$

2.04

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.72

 

$

0.74

 

$

2.04

 

$

2.02