World Fuel Services 2011 Annual Report Download - page 70

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND
COMPREHENSIVE INCOME – (CONTINUED)
(In thousands)
Accumulated Noncontrolling
Capital in Other World Fuel Interest
Common Stock Excess of Retained Comprehensive Shareholders’ Equity
Shares Amount Par Value Earnings (Loss) Income Equity (Deficit) Total
Balance as of December 31, 2010 69,602 $696 $468,963 $652,796 $ 4,753 $1,127,208 $ (644) $1,126,564
Comprehensive income:
Net income — — — 194,029 — 194,029 5,173 199,202
Foreign currency translation adjustment — — — — (11,277) (11,277) — (11,277)
Comprehensive income 182,752 5,173 187,925
Initial noncontrolling interest upon consolidation
of joint venture — — — — — — 614 614
Capital contribution for joint ventures — — — — — — 10,411 10,411
Cash dividends declared — — — (10,603) — (10,603) — (10,603)
Distribution of noncontrolling interest — — — — — — (1,797) (1,797)
Amortization of share-based payment awards — — 8,906 — — 8,906 — 8,906
Issuance of common stock related to share-
based payment awards including income tax
benefit of $5,952 944 10 7,399 — — 7,409 — 7,409
Issuance of common stock related to
acquisitions 691 7 27,484 — — 27,491 — 27,491
Purchases of common stock tendered by
employees to satisfy the required
withholding taxes related to share-based
payment awards (83) (1) (10,201) — — (10,202) — (10,202)
Balance as of December 31, 2011 71,154 $712 $502,551 $836,222 $ (6,524) $1,332,961 $13,757 $1,346,718
The accompanying notes are an integral part of these consolidated financial statements.
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