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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Consolidated Statements of Income and Comprehensive Income        
Revenue $ 11,342,475 $ 10,479,604 $ 21,893,371 $ 20,663,633
Cost of revenue 11,150,959 10,291,146 21,513,823 20,292,796
Gross profit 191,516 188,458 379,548 370,837
Operating expenses:        
Compensation and employee benefits 77,363 72,745 148,438 142,174
Provision for bad debt 1,186 2,709 2,340 3,812
General and administrative 53,155 44,268 104,654 89,174
Total operating expenses 131,704 119,722 255,432 235,160
Income from operations 59,812 68,736 124,116 135,677
Non-operating expenses, net:        
Interest expense and other financing costs, net (4,685) (4,579) (9,041) (8,238)
Other income (expense), net 1,480 (192) 3,338 (72)
Total non-operating expenses, net (3,205) (4,771) (5,703) (8,310)
Income before income taxes 56,607 63,965 118,413 127,367
Provision for income taxes 10,223 11,608 21,523 23,899
Net income including noncontrolling interest 46,384 52,357 96,890 103,468
Net (loss) income attributable to noncontrolling interest (1,842) 1,341 (2,063) 3,727
Net income attributable to World Fuel 48,226 51,016 98,953 99,741
Basic earnings per common share (in dollars per share) $ 0.68 $ 0.71 $ 1.40 $ 1.40
Basic weighted average common shares (in shares) 70,842 71,516 70,768 71,483
Diluted earnings per common share (in dollars per share) $ 0.68 $ 0.71 $ 1.39 $ 1.38
Diluted weighted average common shares (in shares) 71,419 72,018 71,380 72,099
Comprehensive income:        
Net income including noncontrolling interest 46,384 52,357 96,890 103,468
Other comprehensive income (loss):        
Foreign currency translation adjustments 5,393 (10,205) 8,891 (9,096)
Cash flow hedges, net of income taxes of $2 and $23 for the three and six months ended June 30, 2013, respectively   (6)   (75)
Other comprehensive income (loss) 5,393 (10,211) 8,891 (9,171)
Comprehensive income including noncontrolling interest 51,777 42,146 105,781 94,297
Comprehensive (loss) income attributable to noncontrolling interest (1,842) 1,341 (2,063) 3,727
Comprehensive income attributable to World Fuel $ 53,619 $ 40,805 $ 107,844 $ 90,570