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Summary Quarterly Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Data [Abstract] |
Summary Quarterly Information (Unaudited) | The following is a summary of the unaudited quarterly results for 2017 and 2016 (in millions, except earnings per share data):
| March 31, |  | June 30, |  | September 30, |  | December 31,
| 2017 |  | 2017 |  | 2017 (1) |  | 2017 (2)
Revenue | $ | 8,194.3 |  |  | $ | 8,086.2 |  |  | $ | 8,543.0 |  |  | $ | 8,872.0 |
Gross profit | $ | 231.4 |  |  | $ | 231.0 |  |  | $ | 239.9 |  |  | $ | 229.9 |
Net income including noncontrolling interest | $ | 31.1 |  |  | $ | 30.3 |  |  | $ | (37.9 | ) |  | $ | (193.7 | )
Net income attributable to World Fuel | $ | 31.3 |  |  | $ | 30.0 |  |  | $ | (38.5 | ) |  | $ | (193.1 | )
Basic earnings per common share (3) | $ | 0.46 |  |  | $ | 0.44 |  |  | $ | (0.57 | ) |  | $ | (2.86 | )
Diluted earnings per common share (3) | $ | 0.45 |  |  | $ | 0.44 |  |  | $ | (0.57 | ) |  | $ | (2.86 | )
| March 31, |  | June 30, |  | September 30, |  | December 31,
| 2016 |  | 2016 |  | 2016 |  | 2016
Revenue | $ | 5,190.8 |  |  | $ | 6,633.0 |  |  | $ | 7,399.8 |  |  | $ | 7,792.1 |
Gross profit | $ | 221.5 |  |  | $ | 218.5 |  |  | $ | 236.7 |  |  | $ | 222.3 |
Net income including noncontrolling interest | $ | 51.6 |  |  | $ | 29.8 |  |  | $ | 43.0 |  |  | $ | 2.1 |
Net income attributable to World Fuel | $ | 51.8 |  |  | $ | 30.0 |  |  | $ | 42.7 |  |  | $ | 2.2 |
Basic earnings per common share (3) | $ | 0.74 |  |  | $ | 0.43 |  |  | $ | 0.62 |  |  | $ | 0.03 |
Diluted earnings per common share (3) | $ | 0.74 |  |  | $ | 0.43 |  |  | $ | 0.61 |  |  | $ | 0.03 |
(1) | Includes a valuation allowance on our U.S. deferred tax assets of $76.9 million, due to our U.S. operations generating a three-year cumulative loss during the quarter.
(2) | In the fourth quarter of 2017, we included in our operating expenses $91.9 million for goodwill and other impairment related charges, $59.6 million for restructuring related charges and a one-time transition tax charge of $143.7 million which was reduced by the reversal of the third quarter valuation allowance on our U.S. deferred tax assets of $76.9 million.
(3) 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 Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=84173487&loc=d3e1280-108306 + Details
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