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Summary Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Summary Quarterly Information (Unaudited)
Summary Quarterly Information (Unaudited)
The following is a summary of the unaudited quarterly results for 2016 and 2015 (in millions, except earnings per share data):
 
March 31,

 
June 30,

 
September 30,

 
December 31,

 
2016

 
2016

 
2016 (1)

 
2016 (1)(2)

Revenue
$
5,190.8

 
$
6,633.0

 
$
7,399.8

 
$
7,792.1

Gross profit
$
221.5

 
$
218.5

 
$
236.7

 
$
222.3

Net income including noncontrolling interest
$
51.6

 
$
29.8

 
$
43.0

 
$
2.1

Net income attributable to World Fuel
$
51.8

 
$
30.0

 
$
42.7

 
$
2.2

Basic earnings per common share (5)
$
0.74

 
$
0.43

 
$
0.62

 
$
0.03

Diluted earnings per common share (5)
$
0.74

 
$
0.43

 
$
0.61

 
$
0.03

 
March 31,

 
June 30,

 
September 30,

 
December 31,

 
2015 (3)

 
2015 (3)

 
2015 (3)(4)

 
2015 (3)(4)

Revenue
$
7,340.7

 
$
8,496.4

 
$
7,810.7

 
$
6,733.6

Gross profit
$
213.6

 
$
190.4

 
$
226.7

 
$
230.2

Net income including noncontrolling interest
$
49.3

 
$
29.0

 
$
42.7

 
$
49.6

Net income attributable to World Fuel
$
50.3

 
$
30.5

 
$
43.7

 
$
49.9

Basic earnings per common share (5)
$
0.71

 
$
0.43

 
$
0.62

 
$
0.72

Diluted earnings per common share
$
0.70

 
$
0.43

 
$
0.62

 
$
0.71

 
(1)Includes the PAPCO and APP operations since July 1, 2016 as a result of the two acquisitions.
(2)Includes the operating results of certain affiliates from ExxonMobil in Canada and France since November 1, 2016 and additional affiliates from ExxonMobil in the U.K. and France since December 1, 2016 as a result of the acquisition.
(3)Includes the after-tax termination of employment agreement of $2.3 million, or $0.03 per basic and diluted share in the first quarter of 2015.
(4)Includes the Pester Marketing Company operations since September 1, 2015 as a result of the acquisition.
(5)Basic and diluted earnings per share are computed independently for each quarter and the full year based upon respective weighted average shares outstanding. Therefore, the sum of the quarterly basic and diluted earnings per share amounts may not equal the annual basic and diluted earnings per share amounts reported.