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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Consolidated Statements of Income and Comprehensive Income        
Revenue $ 11,713,463 $ 10,493,661 $ 33,606,834 $ 31,157,294
Cost of revenue 11,498,855 10,307,320 33,012,678 30,600,116
Gross profit 214,608 186,341 594,156 557,178
Operating expenses:        
Compensation and employee benefits 85,171 72,184 233,609 214,358
Provision for bad debt 1,193 1,863 3,533 5,675
General and administrative 54,141 48,091 158,795 137,265
Total operating expenses 140,505 122,138 395,937 357,298
Income from operations 74,103 64,203 198,219 199,880
Non-operating expenses, net:        
Interest expense and other financing costs, net (8,785) (4,580) (17,826) (12,818)
Other income (expense), net 2,583 (1,135) 5,921 (1,207)
Total non-operating expenses, net (6,202) (5,715) (11,905) (14,025)
Income before income taxes 67,901 58,488 186,314 185,855
Provision for income taxes 13,441 8,191 34,964 32,090
Net income including noncontrolling interest 54,460 50,297 151,350 153,765
Net (loss) income attributable to noncontrolling interest (1,200) (1,175) (3,263) 2,552
Net income attributable to World Fuel 55,660 51,472 154,613 151,213
Basic earnings per common share (in dollars per share) $ 0.79 $ 0.72 $ 2.18 $ 2.12
Basic weighted average common shares (in shares) 70,796 71,371 70,770 71,387
Diluted earnings per common share (in dollars per share) $ 0.78 $ 0.72 $ 2.17 $ 2.10
Diluted weighted average common shares (in shares) 71,346 71,877 71,340 71,970
Comprehensive income:        
Net income including noncontrolling interest 54,460 50,297 151,350 153,765
Other comprehensive income:        
Foreign currency translation adjustments (17,300) 121 (8,409) (8,975)
Cash flow hedges, net of income taxes of $2 and $25 for the three and nine months ended September 30, 2013, respectively   (10)   (85)
Other comprehensive income (loss) (17,300) 111 (8,409) (9,060)
Comprehensive income including noncontrolling interest 37,160 50,408 142,941 144,705
Comprehensive (loss) income attributable to noncontrolling interest (1,200) (1,175) (3,263) 2,552
Comprehensive income attributable to World Fuel $ 38,360 $ 51,583 $ 146,204 $ 142,153