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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Consolidated Statements of Income and Comprehensive Income        
Revenue $ 10,493,661 $ 9,911,673 $ 31,157,294 $ 29,009,525
Cost of revenue 10,307,320 9,730,921 30,600,116 28,499,415
Gross profit 186,341 180,752 557,178 510,110
Operating expenses:        
Compensation and employee benefits 72,184 65,843 214,358 176,553
Provision for bad debt 1,863 3,631 5,675 4,413
General and administrative 48,091 40,230 137,265 126,482
Total operating expenses 122,138 109,704 357,298 307,448
Income from operations 64,203 71,048 199,880 202,662
Non-operating expenses, net:        
Interest expense and other financing costs, net (4,580) (4,305) (12,818) (14,403)
Other (expense) income, net (1,135) 838 (1,207) 1,316
Total non-operating expenses, net (5,715) (3,467) (14,025) (13,087)
Income before income taxes 58,488 67,581 185,855 189,575
Provision for income taxes 8,191 14,683 32,090 33,249
Net income including noncontrolling interest 50,297 52,898 153,765 156,326
Net (loss) income attributable to noncontrolling interest (1,175) 1,404 2,552 9,817
Net income attributable to World Fuel 51,472 51,494 151,213 146,509
Basic earnings per common share (in dollars per share) $ 0.72 $ 0.72 $ 2.12 $ 2.06
Basic weighted average common shares (in shares) 71,371 71,216 71,387 71,128
Diluted earnings per common share (in dollars per share) $ 0.72 $ 0.72 $ 2.10 $ 2.04
Diluted weighted average common shares (in shares) 71,877 71,816 71,970 71,791
Comprehensive income:        
Net income including noncontrolling interest 50,297 52,898 153,765 156,326
Other comprehensive income (loss):        
Foreign currency translation adjustments 121 (739) (8,975) (8,818)
Cash flow hedges, net of income taxes of $2 and $25 for the three and nine months ended September 30, 2013, respectively, and $27 for the three and nine months ended September 30, 2012 (10) 87 (85) 87
Other comprehensive loss 111 (652) (9,060) (8,731)
Comprehensive income including noncontrolling interest 50,408 52,246 144,705 147,595
Comprehensive (loss) income attributable to noncontrolling interest (1,175) 1,404 2,552 9,817
Comprehensive income attributable to World Fuel $ 51,583 $ 50,842 $ 142,153 $ 137,778