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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table presents the components of basic and diluted earnings per share (in thousands, except per share amounts):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net earnings attributable to Kirby

 

$

28,457

 

 

$

10,190

 

 

$

45,891

 

 

$

6,815

 

Undistributed earnings allocated to restricted shares

 

 

(10

)

 

 

(8

)

 

 

(11

)

 

 

(6

)

Earnings available to Kirby common stockholders – basic

 

 

28,447

 

 

 

10,182

 

 

 

45,880

 

 

 

6,809

 

Undistributed earnings allocated to restricted shares

 

 

10

 

 

 

8

 

 

 

11

 

 

 

6

 

Undistributed earnings reallocated to restricted shares

 

 

(10

)

 

 

(8

)

 

 

(11

)

 

 

(6

)

Earnings available to Kirby common stockholders – diluted

 

$

28,447

 

 

$

10,182

 

 

$

45,880

 

 

$

6,809

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock issued and outstanding

 

 

60,222

 

 

 

60,101

 

 

 

60,202

 

 

 

60,088

 

Weighted average unvested restricted stock

 

 

(20

)

 

 

(48

)

 

 

(14

)

 

 

(53

)

Weighted average common stock outstanding – basic

 

 

60,202

 

 

 

60,053

 

 

 

60,188

 

 

 

60,035

 

Dilutive effect of stock options and restricted stock units

 

 

265

 

 

 

221

 

 

 

277

 

 

 

185

 

Weighted average common stock outstanding – diluted

 

 

60,467

 

 

 

60,274

 

 

 

60,465

 

 

 

60,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share attributable to Kirby common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.47

 

 

$

0.17

 

 

$

0.76

 

 

$

0.11

 

Diluted

 

$

0.47

 

 

$

0.17

 

 

$

0.76

 

 

$

0.11