| Earnings Per Share |
(9) Earnings Per Share The following table presents the components of basic and diluted earnings per share (in thousands, except per share amounts):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Net earnings attributable to Kirby |
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$ |
94,277 |
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$ |
83,854 |
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$ |
170,263 |
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$ |
153,922 |
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Undistributed earnings allocated to restricted shares |
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(17 |
) |
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(13 |
) |
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(15 |
) |
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(13 |
) |
Earnings available to Kirby common stockholders – basic |
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94,260 |
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83,841 |
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170,248 |
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153,909 |
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Undistributed earnings allocated to restricted shares |
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17 |
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13 |
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15 |
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13 |
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Undistributed earnings reallocated to restricted shares |
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(17 |
) |
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(13 |
) |
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(15 |
) |
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(13 |
) |
Earnings available to Kirby common stockholders – diluted |
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$ |
94,260 |
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$ |
83,841 |
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$ |
170,248 |
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$ |
153,909 |
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Shares outstanding: |
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Weighted average common stock issued and outstanding |
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56,115 |
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58,190 |
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56,525 |
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58,329 |
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Weighted average unvested restricted stock |
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(10 |
) |
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(9 |
) |
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(5 |
) |
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(5 |
) |
Weighted average common stock outstanding – basic |
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56,105 |
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58,181 |
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56,520 |
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58,324 |
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Dilutive effect of stock options and restricted stock units |
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332 |
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411 |
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349 |
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379 |
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Weighted average common stock outstanding – diluted |
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56,437 |
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58,592 |
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56,869 |
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58,703 |
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Net earnings per share attributable to Kirby common stockholders: |
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Basic |
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$ |
1.68 |
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$ |
1.44 |
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$ |
3.01 |
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$ |
2.64 |
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Diluted |
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$ |
1.67 |
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$ |
1.43 |
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$ |
2.99 |
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$ |
2.62 |
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There were no antidilutive stock options as of June 30, 2025 and 2024. There were no antidilutive RSUs as of June 30, 2025 and 2024.
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