XML 35 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Results (Unaudited) [Abstract]  
Quarterly Results (Unaudited)
(14)
Quarterly Results (Unaudited)

The unaudited quarterly results for the year ended December 31, 2018 were as follows (in thousands, except per share amounts):

  
Three Months Ended
 
  
March 31,
2018
  
June 30,
2018
  
September 30,
2018
  
December 31,
2018
 
Revenues
 
$
741,688
  
$
802,671
  
$
704,845
  
$
721,493
 
Costs and expenses
  
692,866
   
747,260
   
636,906
   
740,344
 
Gain (loss) on disposition of assets
  
1,898
   
442
   
18
   
(390
)
Operating income (loss)
  
50,720
   
55,853
   
67,957
   
(19,241
)
Other income
  
1,591
   
1,541
   
1,454
   
1,140
 
Interest expense
  
(9,780
)
  
(12,540
)
  
(12,345
)
  
(12,191
)
Earnings (loss) before taxes on income
  
42,531
   
44,854
   
57,066
   
(30,292
)
Benefit (provision) for taxes on income
  
(9,865
)
  
(16,061
)
  
(15,116
)
  
5,961
 
Net earnings (loss)
  
32,666
   
28,793
   
41,950
   
(24,331
)
Less: Net earnings attributable to noncontrolling interests
  
(195
)
  
(191
)
  
(134
)
  
(106
)
Net earnings (loss) attributable to Kirby
 
$
32,471
  
$
28,602
  
$
41,816
  
$
(24,437
)
                 
Net earnings (loss) per share attributable to Kirby common stockholders:
                
Basic
 
$
0.54
  
$
0.48
  
$
0.70
  
$
(0.41
)
Diluted
 
$
0.54
  
$
0.48
  
$
0.70
  
$
(0.41
)

The unaudited quarterly results for the year ended December 31, 2017 were as follows (in thousands, except per share amounts):

  
Three Months Ended
 
  
March 31,
2017
  
June 30,
2017
  
September 30,
2017
  
December 31,
2017
 
Revenues
 
$
491,705
  
$
473,328
  
$
541,274
  
$
708,111
 
Costs and expenses
  
445,760
   
425,937
   
488,186
   
756,423
 
Gain (loss) on disposition of assets
  
99
   
(139
)
  
(159
)
  
(4,288
)
Operating income (loss)
  
46,044
   
47,252
   
52,929
   
(52,600
)
Other income (expense)
  
(589
)
  
228
   
320
   
902
 
Interest expense
  
(4,457
)
  
(4,465
)
  
(5,388
)
  
(7,162
)
Earnings (loss) before taxes on income
  
40,998
   
43,015
   
47,861
   
(58,860
)
Benefit (provision) for taxes on income
  
(13,353
)
  
(17,043
)
  
(19,072
)
  
290,357
 
Net earnings
  
27,645
   
25,972
   
28,789
   
231,497
 
Less: Net earnings attributable to noncontrolling interests
  
(162
)
  
(194
)
  
(182
)
  
(178
)
Net earnings attributable to Kirby
 
$
27,483
  
$
25,778
  
$
28,607
  
$
231,319
 
                 
Net earnings per share attributable to Kirby common stockholders:
                
Basic
 
$
0.51
  
$
0.48
  
$
0.52
  
$
3.88
 
Diluted
 
$
0.51
  
$
0.48
  
$
0.52
  
$
3.87
 

Quarterly basic and diluted earnings per share may not total to the full year per share amounts, as the weighted average number of shares outstanding for each quarter fluctuates as a result of the assumed exercise of stock options.