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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Loss Per Share

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

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net earnings (loss) attributable to Kirby

 

$

39,091

 

 

$

(264,730

)

 

$

84,982

 

 

$

(257,915

)

Undistributed earnings allocated to restricted shares

 

 

(18

)

 

 

 

 

 

(27

)

 

 

 

Earnings (loss) available to Kirby common stockholders – basic

 

 

39,073

 

 

 

(264,730

)

 

 

84,955

 

 

 

(257,915

)

Undistributed earnings allocated to restricted shares

 

 

18

 

 

 

 

 

 

27

 

 

 

 

Undistributed earnings reallocated to restricted shares

 

 

(18

)

 

 

 

 

 

(27

)

 

 

 

Earnings (loss) available to Kirby common stockholders – diluted

 

$

39,073

 

 

$

(264,730

)

 

$

84,955

 

 

$

(257,915

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock issued and outstanding

 

 

59,923

 

 

 

60,109

 

 

 

60,107

 

 

 

60,095

 

Weighted average unvested restricted stock

 

 

(27

)

 

 

(47

)

 

 

(19

)

 

 

(51

)

Weighted average common stock outstanding – basic

 

 

59,896

 

 

 

60,062

 

 

 

60,088

 

 

 

60,044

 

Dilutive effect of stock options and restricted stock units

 

 

286

 

 

 

 

 

 

281

 

 

 

 

Weighted average common stock outstanding – diluted

 

 

60,182

 

 

 

60,062

 

 

 

60,369

 

 

 

60,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share attributable to Kirby common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.65

 

 

$

(4.41

)

 

$

1.41

 

 

$

(4.30

)

Diluted

 

$

0.65

 

 

$

(4.41

)

 

$

1.41

 

 

$

(4.30

)