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Summary Quarterly Information (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Summary Quarterly Information (Unaudited) |
Summary Quarterly Information (Unaudited) | 12. Summary Quarterly Information (Unaudited) The following is a summary of the unaudited quarterly results for 2014 and 2013 (in thousands, except earnings per share data):
|  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | 2014 (1) |  | 2014 (1)(2) |  | 2014 (1)(2)(3) |  | 2014 (1)(2)(3)(4)
Revenue |  | $ | 10,550,896 |  | $ | 11,342,475 |  | $ | 11,713,463 |  | $ | 9,779,555
Gross profit |  | $ | 188,032 |  | $ | 191,516 |  | $ | 214,608 |  | $ | 219,466
Net income including noncontrolling interest |  | $ | 50,506 |  | $ | 46,384 |  | $ | 54,460 |  | $ | 67,057
Net income attributable to World Fuel |  | $ | 50,727 |  | $ | 48,226 |  | $ | 55,660 |  | $ | 67,134
Basic earnings per common share (5) |  | $ | 0.72 |  | $ | 0.68 |  | $ | 0.79 |  | $ | 0.95
Diluted earnings per common share |  | $ | 0.71 |  | $ | 0.68 |  | $ | 0.78 |  | $ | 0.94
|  | March 31, |  | June 30, |  | September 30, |  | December 31,
|  | 2013 |  | 2013 |  | 2013 |  | 2013
Revenue |  | $ | 10,184,029 |  | $ | 10,479,604 |  | $ | 10,493,661 |  | $ | 10,404,653
Gross profit |  | $ | 182,379 |  | $ | 188,458 |  | $ | 186,341 |  | $ | 195,580
Net income including noncontrolling interest |  | $ | 51,111 |  | $ | 52,357 |  | $ | 50,297 |  | $ | 53,395
Net income attributable to World Fuel |  | $ | 48,725 |  | $ | 51,016 |  | $ | 51,472 |  | $ | 51,862
Basic earnings per common share (5) |  | $ | 0.68 |  | $ | 0.71 |  | $ | 0.72 |  | $ | 0.73
Diluted earnings per common share (5) |  | $ | 0.68 |  | $ | 0.71 |  | $ | 0.72 |  | $ | 0.73
| (1) |  | Includes the Watson Petroleum operations since March 7, 2014 as a result of the acquisition.
| (2) |  | Includes after-tax executive non-renewal charge of $3.0 million, or $0.04 per basic and diluted share in the second quarter of 2014.
| (3) |  | Includes the Colt operations since July 29, 2014 as a result of the acquisition.
| (4) |  | Includes after-tax gain on the sale of the crude oil joint ve nture interests of $9.9 million, or $0.14 per basic and diluted share in the fourth quarter of 2014.
| (5) |  | Basic and diluted earnings per share are computed independently for each quarter and the full year based upon respective weighted average shares outstanding. Therefore, the sum of the quarterly basic and diluted earnings per share amounts may not equal the annual basic and diluted earnings per share amounts reported.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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