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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Results (Unaudited) [Abstract]  
Quarterly Results (Unaudited)
(16)
Quarterly Results (Unaudited)


The unaudited quarterly results were as follows (in thousands, except per share amounts):

  
Three Months Ended
  
   
March 31,
2020
    
June 30,
2020
    
September 30,
2020
    
December 31,
2020
  
Revenues
  
$
643,926
    
$
541,159
    
$
496,567
    
$
489,756
  
Costs and expenses
    
1,154,114
      
506,718
      
466,340
      
465,113
  
Gain (loss) on disposition of assets
    
492
      
(189
)
    
(316
)
    
131
  
Operating income (loss)
    
(509,696
)
    
34,252
      
29,911
      
24,774
  
Other income
    
2,723
      
2,290
      
1,172
      
1,962
  
Interest expense
    
(12,799
)
    
(12,708
)
    
(11,809
)
    
(11,423
)
Earnings (loss) before taxes on income
    
(519,772
)
    
23,834
      
19,274
      
15,313
  
Benefit for taxes on income
    
172,809
      
1,429
      
8,419
      
7,102
  
Net earnings (loss)
    
(346,963
)
    
25,263
      
27,693
      
22,415
  
Less: Net earnings attributable to noncontrolling interests
    
(278
)
    
(261
)
    
(204
)
    
(211
)
Net earnings (loss) attributable to Kirby
  
$
(347,241
)
  
$
25,002
    
$
27,489
    
$
22,204
  
                                 
Net earnings (loss) per share attributable to Kirby common stockholders:
                                
Basic
  
$
(5.80
)
  
$
0.42
    
$
0.46
    
$
0.37
  
Diluted
  
$
(5.80
)
  
$
0.42
    
$
0.46
    
$
0.37
  

 
Three Months Ended
  
   
March 31,
2019
    
June 30,
2019
    
September 30,
2019
    
December 31,
2019
  
Revenues
  
$
744,621
    
$
771,042
    
$
666,809
    
$
655,927
  
Costs and expenses
    
674,672
      
698,317
      
588,534
      
643,001
  
Gain (loss) on disposition of assets
    
2,157
      
3,118
      
(374
)
    
3,251
  
Operating income
    
72,106
      
75,843
      
77,901
      
16,177
  
Other income (expense)
    
(568
)
    
2,381
      
864
      
1,110
  
Interest expense
    
(13,201
)
    
(15,515
)
    
(14,310
)
    
(12,968
)
Earnings before taxes on income
    
58,337
      
62,709
      
64,455
      
4,319
  
Provision for taxes on income
    
(13,880
)
    
(15,269
)
    
(16,305
)
    
(1,347
)
Net earnings
    
44,457
      
47,440
      
48,150
      
2,972
  
Less: Net earnings attributable to noncontrolling interests
    
(161
)
    
(153
)
    
(163
)
    
(195
)
Net earnings attributable to Kirby
  
$
44,296
    
$
47,287
    
$
47,987
    
$
2,777
  
                                 
Net earnings per share attributable to Kirby common stockholders:
                                
Basic
  
$
0.74
    
$
0.79
    
$
0.80
    
$
0.05
  
Diluted
  
$
0.74
    
$
0.79
    
$
0.80
    
$
0.05
  


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.