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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
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):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Net earnings (loss) attributable to Kirby

 

$

222,935

 

 

$

122,291

 

 

$

(246,954

)

Undistributed earnings allocated to restricted shares

 

 

(62

)

 

 

(33

)

 

 

 

Earnings (loss) available to Kirby common stockholders — basic

 

 

222,873

 

 

 

122,258

 

 

 

(246,954

)

Undistributed earnings allocated to restricted shares

 

 

62

 

 

 

33

 

 

 

 

Undistributed earnings reallocated to restricted shares

 

 

(62

)

 

 

(33

)

 

 

 

Earnings (loss) available to Kirby common stockholders — diluted

 

$

222,873

 

 

$

122,258

 

 

$

(246,954

)

 

 

 

 

 

 

 

 

 

 

Shares outstanding:

 

 

 

 

 

 

 

 

 

Weighted average common stock issued and outstanding

 

 

59,548

 

 

 

60,055

 

 

 

60,099

 

Weighted average unvested restricted stock

 

 

(17

)

 

 

(17

)

 

 

(46

)

Weighted average common stock outstanding — basic

 

 

59,531

 

 

 

60,038

 

 

 

60,053

 

Dilutive effect of stock options and restricted stock units

 

 

326

 

 

 

291

 

 

 

 

Weighted average common stock outstanding — diluted

 

 

59,857

 

 

 

60,329

 

 

 

60,053

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Basic

 

$

3.74

 

 

$

2.04

 

 

$

(4.11

)

Diluted

 

$

3.72

 

 

$

2.03

 

 

$

(4.11

)