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Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings per Common Share

Computation of basic and diluted 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,
		2013			2012			2013			2012
Numerator:
Net income attributable to World Fuel		$	51,472		$	51,494		$	151,213		$	146,509
Denominator:
Weighted average common shares for basic earnings per common share		71,371			71,216			71,387			71,128
Effect of dilutive securities		506			600			583			663
Weighted average common shares for diluted earnings per common share		71,877			71,816			71,970			71,791
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		457			452			455			307
Basic earnings per common share		$	0.72		$	0.72		$	2.12		$	2.06
Diluted earnings per common share		$	0.72		$	0.72		$	2.10		$	2.04

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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