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Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 151,854	$ 272,893
Accounts receivable, net	2,166,712	1,386,700
Inventories	427,497	211,526
Prepaid expenses	99,713	96,461
Transaction taxes receivable	89,876	55,125
Short-term derivative assets, net	19,952	7,686
Other current assets	84,562	37,476
Total current assets	3,040,166	2,067,867
Property and equipment, net	89,492	64,106
Goodwill	343,480	287,434
Identifiable intangible assets, net	109,095	117,726
Non-current other assets	34,663	29,317
Total assets	3,616,896	2,566,450
Current liabilities:
Short-term debt	18,265	17,076
Accounts payable	1,707,705	1,131,228
Customer deposits	86,789	65,480
Transaction taxes payable	83,351	59,910
Short-term derivative liabilities, net	5,130	8,591
Accrued expenses and other current liabilities	88,302	76,199
Total current liabilities	1,989,542	1,358,484
Long-term debt	274,495	24,566
Non-current income tax liabilities, net	50,480	45,328
Other long-term liabilities	6,490	11,508
Total liabilities	2,321,007	1,439,886
Commitments and contingencies
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 100 shares authorized, none issued
Common stock, $0.01 par value; 100,000 shares authorized, 71,126 and 69,602 issued and outstanding at September 30, 2011 and December 31, 2010, respectively	711	696
Capital in excess of par value	499,424	468,963
Retained earnings	788,814	652,796
Accumulated other comprehensive (loss) income	(4,927)	4,753
Total World Fuel shareholders' equity	1,284,022	1,127,208
Noncontrolling interest equity (deficit)	11,867	(644)
Total equity	1,295,889	1,126,564
Total liabilities and equity	$ 3,616,896	$ 2,566,450

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2011	Dec. 31, 2010
Consolidated Balance Sheets
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized	100	100
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	71,126	69,602
Common stock, shares outstanding	71,126	69,602

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenue	$ 9,510,792	$ 4,987,074	$ 25,298,907	$ 13,302,370
Cost of revenue	9,339,945	4,874,967	24,826,190	12,983,876
Gross profit	170,847	112,107	472,717	318,494
Operating expenses:
Compensation and employee benefits	57,215	43,048	159,161	116,749
Provision for bad debt	2,422	1,097	6,749	3,162
General and administrative	40,285	22,875	114,254	66,307
Total operating expenses	99,922	67,020	280,164	186,218
Income from operations	70,925	45,087	192,553	132,276
Non-operating expense, net:
Interest expense and other financing costs, net	(4,791)	(989)	(11,614)	(2,470)
Other (expense) income, net	(1,643)	(209)	(2,654)	420
Total non-operating expenses, net	(6,434)	(1,198)	(14,268)	(2,050)
Income before income taxes	64,491	43,889	178,285	130,226
Provision for income taxes	10,649	7,515	32,113	22,961
Net income including noncontrolling interest	53,842	36,374	146,172	107,265
Net income (loss) attributable to noncontrolling interest	1,187	(381)	2,205	(170)
Net income attributable to World Fuel	$ 52,655	$ 36,755	$ 143,967	$ 107,435
Basic earnings per common share (in dollars per share)	$ 0.74	$ 0.61	$ 2.04	$ 1.80
Basic weighted average common shares (in shares)	70,939	60,496	70,593	59,768
Diluted earnings per common share (in dollars per share)	$ 0.74	$ 0.60	$ 2.02	$ 1.76
Diluted weighted average common shares (in shares)	71,587	61,663	71,415	60,985

Consolidated Statements of Shareholders' Equity and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	Total	World Fuel Shareholders' Equity	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest (Deficit) Equity	Comprehensive Income
Balance at Dec. 31, 2009	$ 733,249	$ 733,021	$ 594	$ 213,414	$ 515,218	$ 3,795	$ 228
Balance (in shares) at Dec. 31, 2009			59,385
Comprehensive income:
Net income (loss)	107,265	107,435			107,435		(170)	$ 107,265
Foreign currency translation adjustment	544	544				544		544
Comprehensive income	107,809	107,979					(170)	107,809
Cash dividends declared	(6,685)	(6,685)			(6,685)
Amortization of share-based payment awards	6,438	6,438		6,438
Issuance of shares related to share-based payment awards including income tax benefit of $4,011 and $6,152 for period ended September 30, 2011 and 2010 respectively	6,361	6,361	$ 2	6,359
Issuance of shares related to share-based payment awards including income tax benefit of $4,011 and $6,152 for period ended September 30, 2011 and 2010 respectively (in shares)			187
Public offering of shares	218,816	218,816	$ 92	218,724
Public offering of shares (in shares)			9,200
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(1,554)	(1,554)	$ (1)	(1,553)
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)			(55)
Balance at Sep. 30, 2010	1,064,434	1,064,376	$ 687	443,382	615,968	4,339	58
Balance (in shares) at Sep. 30, 2010			68,717
Balance at Dec. 31, 2010	$ 1,126,564	1,127,208	$ 696	468,963	652,796	4,753	(644)
Balance (in shares) at Dec. 31, 2010	69,602		69,602
Comprehensive income:
Net income (loss)	$ 146,172	143,967			143,967		2,205	146,172
Foreign currency translation adjustment	(9,680)	(9,680)				(9,680)		(9,680)
Comprehensive income	136,492	134,287					2,205	$ 136,492
Initial noncontrolling interest upon consolidation of joint venture	614						614
Capital contribution for joint ventures	10,371						10,371
Cash dividends declared	(7,949)	(7,949)			(7,949)
Distribution of noncontrolling interest	(679)						(679)
Amortization of share-based payment awards	6,539	6,539		6,539
Issuance of shares related to share-based payment awards including income tax benefit of $4,011 and $6,152 for period ended September 30, 2011 and 2010 respectively	5,460	5,460	$ 9	5,451
Issuance of shares related to share-based payment awards including income tax benefit of $4,011 and $6,152 for period ended September 30, 2011 and 2010 respectively (in shares)			911
Issuance of shares related to acquisition	27,498	27,498	$ 7	27,491
Issuance of shares related to acquisition (in shares)			691
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(9,021)	(9,021)	$ (1)	(9,020)
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)			(78)
Balance at Sep. 30, 2011	$ 1,295,889	$ 1,284,022	$ 711	$ 499,424	$ 788,814	$ (4,927)	$ 11,867
Balance (in shares) at Sep. 30, 2011	71,126		71,126

Consolidated Statements of Shareholders' Equity and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Consolidated Statements of Shareholders' Equity and Comprehensive Income
Issuance of shares related to share-based payment awards, income tax benefit	$ 4,011	$ 6,152

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net income including noncontrolling interest	$ 146,172	$ 107,265
Adjustments to reconcile net income including noncontrolling interest to net cash used in operating activities:
Depreciation and amortization	29,111	13,093
Provision for bad debt	6,749	3,162
Gain on short-term investments		(1,900)
Deferred income tax benefit	(2,069)	(1,519)
Share-based payment award compensation costs	8,199	6,438
Foreign currency losses, net	3,844	71
Other	1,277	47
Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net	(730,993)	(183,779)
Inventories	(179,573)	(93,083)
Prepaid expenses	7,939	(7,001)
Transaction taxes receivable	(34,853)	(29,623)
Other current assets	(43,334)	(3,504)
Short-term derivative assets, net	(9,274)	1,838
Non-current other assets	(615)	(3,890)
Accounts payable	542,235	163,824
Customer deposits	18,702	(13,526)
Transaction taxes payable	21,685	7,242
Short-term derivative liabilities, net	(3,435)	(2,915)
Accrued expenses and other current liabilities	2,978	3,762
Non-current income tax and other long-term liabilities	(1,608)	1,026
Total adjustments	(363,035)	(140,237)
Net cash used in operating activities	(216,863)	(32,972)
Cash flows from investing activities:
Capital expenditures	(15,807)	(7,900)
Issuance of notes receivable	(11,121)
Repayment of notes receivable	8,415
Proceeds from the sale of short-term investments		10,000
Acquisition of businesses, net of cash acquired	(112,315)	(46,015)
Net cash used in investing activities	(130,828)	(43,915)
Cash flows from financing activities:
Dividends paid on common stock	(7,949)	(6,685)
Capital contribution for joint venture	10,000
Payment of assumed employee benefits	(5,421)
Borrowings under senior term loan facility	250,000
Borrowings under senior revolving credit facility	3,411,000
Repayments under senior revolving credit facility	(3,411,000)
Repayments of debt - other	(8,082)	(5,523)
Payments of senior revolving credit facility and senior term loan facility loan costs	(2,483)	(8,518)
Federal and state tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based payment awards	4,011	6,152
Proceeds from sale of equity shares, net of expenses		218,816
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(9,021)	(1,554)
Other	(679)	85
Net cash provided by financing activities	230,376	202,773
Effect of exchange rate changes on cash and cash equivalents	(3,724)	140
Net (decrease) increase in cash and cash equivalents	(121,039)	126,026
Cash and cash equivalents, at beginning of period	272,893	298,843
Cash and cash equivalents, at end of period	$ 151,854	$ 424,869

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Jan. 31, 2011	Jan. 31, 2010
Supplemental Schedule of Noncash Investing and Financing Activities:
Cash dividends declared (in dollars per share)	$ 0.0375	$ 0.0375
Cash dividends declared, but not yet paid	$ 2,700	$ 2,200	$ 2,700	$ 2,200
Capital expenditure accrual			900
Equity issued for acquisition	27,500		27,500
Promissory notes issued for acquisition	$ 8,300		8,300
Noncontrolling interest upon consolidation of joint venture					$ 600
Extinguishment of receivables related to acquisition						$ 6,400
Extinguishment of receivables related to funding arrangement						$ 3,300
Issuance of equity awards to employees in grant of service			1,500
Assets acquired, net of cash			203,979	83,766
Liabilities assumed			$ 49,603	$ 23,217

Acquisitions and Significant Accounting Policies

9 Months Ended

Sep. 30, 2011

Acquisitions and Significant Accounting Policies

Acquisitions and Significant Accounting Policies

1. Acquisitions and Significant Accounting Policies

Acquisitions

2011 Acquisitions

During the three months ended September 30, 2011, we completed four acquisitions, which were not material. We acquired certain assets of three companies in our aviation segment and one company in our land segment. The financial position, results of operations and cash flows of these acquisitions have been included in our consolidated financial statements since their respective acquisition dates.

During the three months ended June 30, 2011, we completed two acquisitions. We acquired all of the outstanding stock of Ascent Aviation Group, Inc. (“Ascent”) based in Parish, New York on April 1, 2011. Ascent supplies branded aviation fuel and de-icing fluid to more than 450 airports and fixed base operators throughout North America. The other acquisition was in our marine segment and was not material. The financial position, results of operations and cash flows of these acquisitions have been included in our consolidated financial statements since their respective acquisition dates. In connection with the Ascent acquisition, we paid certain assumed employee benefits which have been classified as a financing activity in the consolidated statement of cash flows due to the fact that the liability was paid on behalf of the seller subsequent to closing.

On March 1, 2011, we completed the acquisition of all of the outstanding stock of Nordic Camp Supply ApS and certain affiliates (“NCS”) based in Aalborg, Denmark. NCS is a full-service supplier of aviation fuel and related logistics solutions supporting NATO, US and other European armed forces operations in Iraq and Afghanistan. The financial position, results of operations and cash flows of NCS have been included in our consolidated financial statements since its acquisition date.

The estimated aggregate purchase price for the 2011 acquisitions was $153.2 million, and is subject to change based on the final value of the net assets acquired. The following reconciles the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired (in thousands):

Estimated purchase price	$	153,213
Less: Promissory notes issued	8,278
Less: Common stock issued	27,491
Estimated cash consideration	117,444
Less: Amounts due to sellers, net	6,007
Cash consideration paid	111,437
Less: Cash acquired	2,638
Cash paid for acquisition of businesses, net of cash acquired	$	108,799

The fair value of the common stock issued as part of the consideration paid for our acquisitions was determined on the basis of the closing market price of the common shares on the acquisition date.

The estimated purchase price for each of the 2011 acquisitions was allocated to the assets acquired and liabilities assumed based on their estimated fair value at the acquisition date. Since the valuations of the assets acquired and liabilities assumed in connection with the 2011 acquisitions have not been finalized, the allocation of the purchase price of these acquisitions may change. On an aggregate basis, the estimated purchase price allocation for the 2011 acquisitions is as follows (in thousands):

Assets acquired:
Cash and cash equivalents	$	2,638
Accounts receivable	60,923
Inventories	38,045
Other current and long-term assets	15,713
Property and equipment	22,559
Identifiable intangible assets	18,780
Goodwill	42,850
Liabilities assumed:
Accounts payable	(36,434		)
Assumed employee benefits	(5,421		)
Accrued expenses and other current liabilities	(3,031		)
Other long-term liabilities	(3,409		)
Estimated purchase price	$	153,213

In connection with the 2011 acquisitions, we recorded goodwill of $39.5 million in our aviation segment, $2.8 million in our marine segment and $0.6 million in our land segment, of which $25.9 million is anticipated to be deductible for tax purposes.

The revenues and net income of the 2011 acquisitions were $163.6 million and $4.7 million, respectively, for the three months ended September 30, 2011 and $349.6 million and $9.2 million, respectively, for the nine months ended September 30, 2011.

Pro Forma Information

The following presents the unaudited pro forma results for the nine months ended September 30, 2011 and the three and nine months ended September 30, 2010 as if the 2011 acquisitions had been completed on January 1, 2010 (in thousands, except per share data):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(pro forma)		(pro forma)		(pro forma)		(pro forma)

Revenue	$	9,510,792	$	5,100,149	$	25,486,686	$	13,592,036

Net income attributable to World Fuel	$	52,655	$	38,123	$	151,582	$	109,700

Earnings per common share:
Basic	$	0.74	$	0.62	$	2.14	$	1.81
Diluted	$	0.74	$	0.61	$	2.12	$	1.78

The acquisitions completed during the three months ended September 30, 2011 are not included in the pro forma information for the three months ended September 30, 2011 as their impact on the pro forma amounts is not significant.

2010 Acquisitions

Based on our ongoing fair value assessment of certain of our 2010 acquisitions, we recorded an increase in acquired net assets of $3.9 million with a related increase in the aggregate estimated purchase price of these acquisitions during the nine months ended September 30, 2011. The increase in acquired net assets was mainly attributable to 1) an increase in goodwill of $11.6 million and $2.8 million in our land and marine segments, respectively, 2) a reduction of goodwill of $0.4 million in our aviation segment, 3) a reduction in identifiable intangible assets of $9.3 million, 4) a reduction in fixed assets of $0.5 million and 5) an increase in long-term liabilities of $0.5 million. Since the valuations of the assets acquired and liabilities assumed in connection with the acquisitions completed in the last three months of 2010 have not been finalized, the allocation of the purchase price of these acquisitions may change.

There were no significant adjustments in total acquired net assets during the three months ended September 30, 2011.

2009 Acquisitions

In April 2009, we acquired all of the outstanding stock of Henty Oil Limited, Tank and Marine Engineering Limited and Henty Shipping Services Limited (collectively, “Henty”), a provider of marine and land based fuels in the United Kingdom. The Henty purchase agreement includes an Earn-out based on Henty meeting certain operating targets over the three-year period ending April 30, 2012. The maximum Earn-out that may be paid is £6.0 million ($9.3 million as of September 30, 2011) if all operating targets are achieved with a minimum Earn-out of £2.7 million ($4.2 million as of September 30, 2011). We estimate the fair value of the Earn-out at each reporting period based on our assessment of the probability of Henty achieving such operating targets over the three-year period. As of September 30, 2011, we have recorded an Earn-out liability of £3.2 million ($5.0 million). The impact of Henty’s revenues and net income did not have a significant impact on our results for the three and nine months ended September 30, 2011.

Significant Accounting Policies

Except as updated below, the significant accounting policies we use for quarterly financial reporting are the same as those disclosed in Note 1 of the “Notes to the Consolidated Financial Statements” included in our 2010 10-K Report.

Basis of Presentation

The accompanying consolidated financial statements and related notes to the consolidated financial statements include our accounts and those of our majority-owned or controlled subsidiaries, after elimination of all significant intercompany accounts, transactions, and profits.

Certain amounts in prior periods have been reclassified to conform to the current period’s presentation.

Accounts Receivable Purchase Agreement

We have a Receivables Purchase Agreement (“RPA”) to sell up to $100.0 million of certain of our accounts receivable. The sale price is an amount equal to either 90% or 100%, depending on the customer, of the sold accounts receivable balance less a discount margin equivalent to a floating market rate plus 2% and certain other fees, as applicable. Under the terms of the RPA, we retain a beneficial interest in certain of the sold accounts receivable of 10%, which is included in accounts receivable, net in the accompanying consolidated balance sheet.

As of September 30, 2011, we had sold accounts receivable of $41.8 million and recorded a retained beneficial interest of $4.1 million. During the three and nine months ended September 30, 2011, the fees and interest paid under the RPA were not significant.

Goodwill

Goodwill represents the future earnings and cash flow potential of the acquired business in excess of the fair values that are assigned to all other identifiable assets and liabilities. Goodwill arises because the purchase price paid reflects numerous factors, including the strategic fit and expected synergies these targets bring to existing operations and the prevailing market value for comparable companies. Of the increase in goodwill from December 31, 2010, $56.9 million was related to acquisitions (see Acquisitions above), which was partially offset by a reduction in goodwill of $0.8 million as a result of foreign currency translation adjustments of our Brazilian subsidiary in our marine segment.

Extinguishment of Liability

In the normal course of business, we accrue liabilities for fuel and services received for which invoices have not yet been received. These liabilities are derecognized, or extinguished, if either 1) payment is made to relieve our obligation for the liability or 2) we are legally released from our obligation for the liability, such as when our legal obligations with respect to such liabilities lapse or otherwise no longer exist. During the three and nine months ended September 30, 2011, we derecognized vendor liability accruals due to the legal release of our obligations in the amount of $2.7 million and $5.9 million, as compared to $3.3 million and $7.9 million during the three and nine months ended September 30, 2010, which is reflected as a reduction of cost of revenue in the accompanying consolidated statements of income.

Recent Accounting Pronouncements

Testing Goodwill for Impairment. In September 2011, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) intended to simplify how entities test goodwill for impairment. This update permits an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. This ASU becomes effective on a prospective basis at the beginning of our 2012 fiscal year. We do not believe that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures.

Disclosure Relating to Comprehensive Income. In June 2011, the FASB issued an ASU aimed at increasing the prominence of items reported in other comprehensive income in the financial statements. This update requires companies to present comprehensive income in a single statement below net income or in a separate statement of comprehensive income immediately following the income statement. This ASU becomes effective on a prospective basis at the beginning of our 2012 fiscal year. We do not believe that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures.

Fair Value Measurements. In May 2011, the FASB issued an ASU to provide a consistent definition of fair value and common requirements for measurement and disclosure of fair value between International Financial Reporting Standards and U.S. Generally Accepted Accounting Principals. This ASU changes some fair value measurement principles and enhances disclosure requirements related to activities in Level 3 of the fair value hierarchy. The guidance becomes effective on a prospective basis at the beginning our 2012 fiscal year. We do not believe that the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures.

Transfers and Servicing: Reconsideration of Effective Control for Repurchase Agreements. In April 2011, the FASB issued an ASU that affects all entities that enter into agreements to transfer financial assets that both entitle and obligate the transferor to repurchase or redeem the financial assets before their maturity. This ASU removes from the assessment of effective control the criterion relating to the transferor’s ability to repurchase or redeem financial assets on substantially the agreed terms, even in the event of default by the transferee, and also eliminates the requirement to demonstrate that the transferor possesses adequate collateral to fund substantially all of the cost purchasing replacement financial assets. This ASU is effective at the beginning of our 2012 fiscal year and is required to be applied prospectively to transactions or modifications of existing transactions that occur on or after January 1, 2012. We are currently evaluating whether the adoption of this ASU will have a material impact on our consolidated financial statements and disclosures.

Disclosure of Supplementary Pro Forma Information for Business Combinations. In January 2011, we adopted an ASU which clarifies the acquisition date that should be used for reporting pro forma financial information when comparative financial statements are presented and also expands the supplemental pro forma disclosures required. The adoption of this ASU did not have a material impact on our consolidated financial statements and disclosures.

When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts. In January 2011, we adopted an ASU which modifies the requirements of step 1 of the goodwill impairment test for reporting units with zero or negative carrying amounts. The adoption of this ASU did not have a material impact on our consolidated financial statements and disclosures.

Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses. In July 2010, the FASB issued an ASU relating to improved disclosures about the credit quality of financing receivables and the related allowance for credit losses. In December 2010, we adopted the portion of the guidance which pertains to disclosures as of the end of the reporting period. In January 2011, we adopted the portion of the guidance which pertains to the disclosures for activity that occur during a reporting period. The adoption of this ASU did not have a material impact on our consolidated financial statements and disclosures.

Derivatives

9 Months Ended

Sep. 30, 2011

Derivatives

Derivatives

2. Derivatives

We enter into financial derivative contracts in order to mitigate the risk of market price fluctuations in aviation, marine and land fuel, to offer our customers fuel pricing alternatives to meet their needs and to mitigate the risk of fluctuations in foreign currency exchange rates. We also enter into proprietary derivative transactions, primarily intended to capitalize on arbitrage opportunities related to basis or time spreads for fuel products that we sell. We have applied the normal purchase and normal sales exception (“NPNS”), as provided by accounting guidance for derivative instruments and hedging activities, to certain of our physical forward sales and purchase contracts. While these contracts are considered derivative instruments under the guidance for derivative instruments and hedging activities, they are not recorded at fair value, but rather are recorded in our consolidated financial statements when physical settlement of the contracts occurs. If it is determined that a transaction designated as NPNS no longer meets the scope of the exception, the fair value of the related contract is recorded as an asset or liability on the consolidated balance sheet and the difference between the fair value and the contract amount is immediately recognized through earnings.

The following describes our derivative classifications:

Cash Flow Hedges. Includes certain of our foreign currency forward contracts we enter into in order to mitigate the risk of currency exchange rate fluctuations.

Fair Value Hedges. Includes derivatives we enter into in order to hedge price risk associated with our inventory and certain firm commitments relating to fixed price purchase and sale contracts.

Non-designated Derivatives. Includes derivatives we primarily enter into in order to mitigate the risk of market price fluctuations in aviation, marine and land fuel in the form of swaps and other financial instruments, as well as certain fixed price purchase and sale contracts (which do not qualify for hedge accounting or are not elected for as normal purchase normal sale) to offer our customers fuel pricing alternatives to meet their needs and for proprietary trading. In addition, non-designated derivatives are also entered into to hedge the risk of currency rate fluctuations.

As of September 30, 2011, our derivative instruments, at their respective fair value positions were as follows (in thousands, except mark-to-market prices):

Hedge Strategy	Settlement Period	Derivative Instrument	Notional	Unit	Mark-to- Market Prices			Mark-to- Market

Fair Value Hedge	2011	Commodity contracts for firm commitment hedging (long)	1,423	GAL	$	(0.16	)	$	(232	)
	2011	Commodity contracts for firm commitment hedging (short)	3,696	GAL	0.11			422
	2011	Commodity contracts for inventory hedging (short)	38,183	GAL	0.14			5,396
	2011	Commodity contracts for firm commitment hedging (long)	81	MT	(2.40		)	(196		)
	2011	Commodity contracts for inventory hedging (short)	86	MT	17.77			1,519
	2012	Commodity contracts for firm commitment hedging (long)	610	GAL	(0.18)			(109		)
	2012	Commodity contracts for firm commitment hedging (long)	155	MT	(11.65		)	(1,805		)
								$	4,995

Non-Designated	2011	Commodity contracts (long)	62,201	GAL	$	(0.00	)	$	(309	)
	2011	Commodity contracts (short)	63,021	GAL	0.02			1,271
	2011	Commodity contracts (long)	2,721	MT	(12.74		)	(34,676		)
	2011	Commodity contracts (short)	2,086	MT	17.96			37,454
	2011	Foreign currency contracts (long)	407	BRL	(0.04		)	(18		)
	2011	Foreign currency contracts (short)	5,200	CAD	0.02			103
	2011	Foreign currency contracts (long)	2,640,202	CLP	(0.00		)	(396		)
	2011	Foreign currency contracts (short)	7,500	EUR	0.02			140
	2011	Foreign currency contracts (long)	18,451	GBP	(0.03		)	(574		)
	2011	Foreign currency contracts (short)	71,968	GBP	0.04			2,980
	2011	Foreign currency contracts (long)	126,381	MXN	0.00			112
	2011	Foreign currency contracts (short)	47,863	MXN	0.00			—
	2011	Foreign currency contracts (long)	1,231	SGD	(0.01		)	(12		)
	2011	Foreign currency contracts (short)	382	AUD	0.07			29
	2011	Foreign currency contracts (short)	13,000,000	COP	0.00			571
	2011	Foreign currency contracts (long)	9,160	UYU	(0.00		)	(30		)
	2012	Commodity contracts (long)	19,038	GAL	(0.01		)	(243		)
	2012	Commodity contracts (short)	71,642	GAL	0.11			7,648
	2012	Commodity contracts (long)	1,878	MT	(16.07		)	(30,182		)
	2012	Commodity contracts (short)	1,185	MT	19.45			23,063
	2013	Commodity contracts (long)	2,153	GAL	(0.08		)	(173		)
	2013	Commodity contracts (short)	5,408	GAL	0.26			1,403
	2013	Commodity contracts (long)	58	MT	(22.86		)	(1,328		)
	2013	Commodity contracts (short)	14	MT	50.24			703
	2014	Commodity contracts (long)	3	MT	(61.85		)	(186		)
	2014	Commodity contracts (short)	3	MT	63.59			191
								$	7,541

The following table presents information about our derivative instruments measured at fair value and their locations on the consolidated balance sheet (in thousands):

		As of
		September 30,		December 31,
	Balance Sheet Location	2011		2010
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	914	$	439
Commodity contracts	Non-current other assets	—		448
Commodity contracts	Short-term derivative liabilities, net	6,910		—
Total hedging instrument derivatives		7,824		887
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	23,031		11,296
Commodity contracts	Short-term derivative liabilities, net	72,408		2,195
Commodity contracts	Non-current other assets	4,738		637
Commodity contracts	Other long-term liabilities	2,570		—
Foreign currency contracts	Short-term derivative assets, net	3,512		369
Foreign currency contracts	Short-term derivative liabilities, net	584		92
Total non-designated derivatives		106,843		14,589
Total derivative assets		$	114,667	$	15,476

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	91	$	229
Commodity contracts	Short-term derivative liabilities, net	2,156		2,853
Commodity contracts	Other long-term liabilities	581		—
Total hedging instrument derivatives		2,828		3,082
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	6,803		4,001
Commodity contracts	Short-term derivative liabilities, net	83,534		9,519
Commodity contracts	Non-current other assets	152		81
Commodity contracts	Other long-term liabilities	7,623		502
Foreign currency contracts	Short-term derivative assets, net	336		185
Foreign currency contracts	Short-term derivative liabilities, net	855		389
Total non-designated derivatives		99,303		14,677
Total derivative liabilities		$	102,131	$	17,759

The following table presents the effect and financial statement location of our derivative instruments and related hedged items in fair value hedging relationships on our consolidated statements of income (in thousands):

Derivatives	Location	Realized and Unrealized Gain (Loss)						Hedged Items	Location	Realized and Unrealized Gain (Loss)
		2011			2010					2011			2010

Three months ended September 30,
Commodity contracts	Revenue	$	(7,081	)	$	7,622		Firm commitments	Revenue	$	7,284		$	(6,411	)
Commodity contracts	Cost of revenue	1,112			(1,844		)	Firm commitments	Cost of revenue	(855		)	1,290
Commodity contracts	Cost of revenue	14,375			(9,537		)	Inventories	Cost of revenue	(9,136		)	13,079
		$	8,406		$	(3,759	)			$	(2,707	)	$	7,958

Nine months ended September 30,
Commodity contracts	Revenue	$	9,124		$	5,076		Firm commitments	Revenue	$	(9,505	)	$	(3,116	)
Commodity contracts	Cost of revenue	(6,718		)	900			Firm commitments	Cost of revenue	7,456			(2,393		)
Commodity contracts	Cost of revenue	(19,219		)	(817		)	Inventories	Cost of revenue	35,160			7,565
		$	(16,813	)	$	5,159				$	33,111		$	2,056

There were no gains or losses for the three and nine months ended September 30, 2011 and 2010 that were excluded from the assessment of the effectiveness of our fair value hedges.

The following table presents the effect and financial statement location of our derivative instruments in cash flow hedging relationships on our accumulated other comprehensive income and consolidated statements of income (in thousands):

	Unrealized Gain (Loss)
	Recorded in Accumulated					Location of
	Other Comprehensive Income					Realized Gain (Loss)	Realized Gain (Loss)
Derivatives	(Effective Portion)					(Effective Portion)	(Effective Portion)
	2011		2010				2011		2010

Three months ended September 30,
Foreign currency contracts	$	—	$	(122	)	Revenue	$	—	$	(122	)
Foreign currency contracts	—		(327		)	Other (expense) income, net	—		(327		)
	$	—	$	(449	)		$	—	$	(449	)

Nine months ended September 30,
Foreign currency contracts	$	—	$	1,780		Revenue	$	—	$	1,088
Foreign currency contracts	—		(75		)	Other (expense) income, net	—		(75		)
	$	—	$	1,705			$	—	$	1,013

In the event forecasted cash outflows are less than the hedged amounts, a portion or all of the gains or losses recorded in accumulated other comprehensive income (loss) are reclassified to the consolidated statement of income.

The following table presents the effect and financial statement location of our derivative instruments not designated as hedging instruments on our consolidated statements of income for the three and nine months ended September 30, 2011 and 2010 (in thousands):

		Realized and Unrealized
Derivatives	Location	Gain (Loss)
		2011			2010

Three months ended September 30,
Commodity contracts	Revenue	$	3,703		$	2,356
Commodity contracts	Cost of revenue	(379		)	(398		)
Foreign currency contracts	Revenue	1,361			—
Foreign currency contracts	Other (expense) income, net	2,054			(556		)
		$	6,739		$	1,402

Nine months ended September 30,
Commodity contracts	Revenue	$	6,751		$	3,127
Commodity contracts	Cost of revenue	2,844			1,850
Foreign currency contracts	Revenue	1,361			—
Foreign currency contracts	Other (expense) income, net	(818		)	(174		)
		$	10,138		$	4,803

We enter into derivative instrument contracts which may require us to periodically post collateral. Certain of these derivative contracts contain clauses that are similar to credit-risk-related contingent features, including material adverse change, general adequate assurance and internal credit review clauses that may require additional collateral to be posted and/or settlement of the instruments in the event an aforementioned clause is triggered. The triggering events are not a quantifiable measure; rather they are based on good faith and reasonable determination by the counterparty that the triggers have occurred. The net liability position for such contracts, the collateral posted and the amount of assets required to be posted and/or to settle the positions should a contingent feature be triggered were not significant as of September 30, 2011.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings per Common Share

9 Months Ended

Sep. 30, 2011

Earnings per Common Share

Earnings per Common Share

3. Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the periods presented (in thousands, except per share amounts):

	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2011		2010		2011		2010

Numerator:
Net income attributable to World Fuel	$	52,655	$	36,755	$	143,967	$	107,435

Denominator:
Weighted average common shares for basic earnings per common share	70,939		60,496		70,593		59,768
Effect of dilutive securities	648		1,167		822		1,217
Weighted average common shares for diluted earnings per common share	71,587		61,663		71,415		60,985

Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share	119		222		85		268

Basic earnings per common share	$	0.74	$	0.61	$	2.04	$	1.80

Diluted earnings per common share	$	0.74	$	0.60	$	2.02	$	1.76

Debt

9 Months Ended

Sep. 30, 2011

Debt

Debt

4. Debt

On July 28, 2011, we amended our $800.0 million senior revolving credit facility (“Credit Facility”) to, among other things, (i) add a $250.0 million senior term loan facility with a maturity date of July 2016 (“Term Loan Facility”), the full amount of which we received on the date of the Credit Facility amendment, (ii) extend the maturity date of the Credit Facility to July 2016 and (iii) reduce certain fees, including applicable margins for Base Rate Loans and Eurodollar Rate Loans. Borrowings under the Term Loan Facility may be designated as Base Rate Loans or Eurodollar Rate Loans and bear floating interest rates plus applicable margins. The Term Loan Facility requires principal payments as follows: $2.5 million in 2012, $7.5 million in 2013, $12.5 million in 2014, $17.5 million in 2015 and $210.0 million in 2016.

The following table provides additional information about our interest income, expense and other financing costs, for the periods presented (in thousands):

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2011			2010			2011			2010

Interest income	$	165		$	223		$	391		$	572
Interest expense and other financing costs, net	(4,956		)	(1,212		)	(12,005		)	(3,042		)
	$	(4,791	)	$	(989	)	$	(11,614	)	$	(2,470	)

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes

Income Taxes

5. Income Taxes

Our income tax provision for the periods presented and the respective effective tax rates for such periods are as follows (in thousands, except for tax rates):

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2011			2010			2011			2010

Income tax provision	$	10,649		$	7,515		$	32,113		$	22,961

Effective income tax rate	16.5		%	17.1		%	18.0		%	17.6		%

Our provision for income taxes for each of the three and nine month periods ended September 30, 2011 and 2010 were calculated based on the estimated effective tax rate for the full 2011 and 2010 fiscal years. However, the actual effective tax rate for the full 2011 fiscal year may be materially different as a result of differences between estimated versus actual results and the geographic tax jurisdictions in which the results are earned. The change in the effective tax rate for the three and nine months ended September 30, 2011 as compared to the corresponding period in 2010 resulted primarily from differences in the actual and forecasted results of our subsidiaries in tax jurisdictions with different tax rates as compared to the corresponding periods in 2010.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.4-08.(h))
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+ Details

Commitments and Contingencies

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies

Commitments and Contingencies

6. Commitments and Contingencies

Lease Commitments

As of September 30, 2011, our future minimum lease payments under non-cancelable operating leases were as follows (in thousands):

Period Ended December 31,

2011 (3 months)	$	5,271
2012	18,484
2013	16,394
2014	15,435
2015	14,150
Thereafter	40,200
	$	109,934

We incurred rental expense for all properties and equipment of $4.7 million and $2.5 million for the third quarter of 2011 and 2010, respectively and $13.2 million and $7.2 million for the first nine months of 2011 and 2010, respectively.

Legal Matters

Miami Airport Litigation

In April 2001, Miami-Dade County, Florida (the “County”) filed suit (the “County Suit”) in the state circuit court in and for Miami-Dade County against 17 defendants to seek reimbursement for the cost of remediating environmental contamination at Miami International Airport (the “Airport”).

Also in April 2001, the County sent a letter to approximately 250 potentially responsible parties (“PRP’s”), including World Fuel Services Corporation and one of our subsidiaries, advising of our potential liability for the clean-up costs of the contamination that is the subject of the County Suit. The County has threatened to add the PRP’s as defendants in the County Suit, unless they agree to share in the cost of the environmental clean-up at the Airport. We have advised the County that: (i) neither we nor any of our subsidiaries were responsible for any environmental contamination at the Airport, and (ii) to the extent that we or any of our subsidiaries were so responsible, our liability was subject to indemnification by the County pursuant to the indemnity provisions contained in our lease agreement with the County.

If we are added as a defendant in the County Suit, we would vigorously defend any claims, and we believe our liability in these matters (if any) should be adequately covered by the indemnification obligations of the County.

Brendan Airways Litigation

One of our subsidiaries, World Fuel Services, Inc. (“WFSI”), is involved in a dispute with Brendan Airways, LLC (“Brendan”), an aviation fuel customer, with respect to certain amounts Brendan claims to have been overcharged in connection with fuel sale transactions from 2003 to 2006. In August 2007, WFSI filed an action in the state circuit court in and for Miami-Dade County, Florida, seeking declaratory relief with respect to the matters disputed by Brendan. In October 2007, Brendan filed a counterclaim against WFSI. In February 2008, the court dismissed WFSI’s declaratory action. Brendan’s counterclaim remains pending as a separate lawsuit against WFSI, and Brendan is seeking $4.5 million in damages, plus interest and attorney’s fees, in its pending action. We believe Brendan’s claims are without merit, and we intend to vigorously defend all of Brendan’s claims.

As of September 30, 2011, we had recorded certain reserves related to the proceedings described above which were not significant. Because the outcome of litigation is inherently uncertain, we may not prevail in these proceedings and we cannot estimate our ultimate exposure in such proceedings if we do not prevail. Accordingly, a ruling against us in any of the above proceedings could have a material adverse effect on our financial condition, results of operations or cash flows.

Other Matters

In addition to the matters described above, we are involved in litigation and administrative proceedings primarily arising in the normal course of our business. In the opinion of management, except as set forth above, our liability, if any, under any other pending litigation or administrative proceedings, even if determined adversely, would not materially affect our financial condition, results of operations or cash flows.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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-Subparagraph (SX 210.5-02.25)
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+ Details

Fair Value Measurements

9 Months Ended

Sep. 30, 2011

Fair Value Measurements

Fair Value Measurements

7. Fair Value Measurements

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis (in thousands):

As of September 30, 2011	Level 1		Level 2			Level 3		Sub-Total			Netting and Collateral			Total
Assets:
Commodity contracts	$	28,889	$	81,682		$	—	$	110,571		$	(89,894	)	$	20,677
Foreign currency contracts	—		4,096			—		4,096			(920		)	3,176
Hedged item inventories	—		(3,864		)	—		(3,864		)	—			(3,864		)
Hedged item commitments	—		3,490			—		3,490			(304		)	3,186
Total	$	28,889	$	85,404		$	—	$	114,293		$	(91,118	)	$	23,175
Liabilities:
Commodity contracts	$	30,144	$	70,796		$	—	$	100,940		$	(95,064	)	$	5,876
Foreign currency contracts	—		1,191			—		1,191			(920		)	271
Hedged item commitments	—		988			—		988			(304		)	684
Earn-out	—		—			5,007		5,007			—			5,007
Total	$	30,144	$	72,975		$	5,007	$	108,126		$	(96,288	)	$	11,838

As of December 31, 2010
Assets:
Cash equivalents	$	32	$	—		$	—	$	32		$	—		$	32
Commodity contracts	753		14,139			123		15,015			(7,000		)	8,015
Foreign currency contracts	—		461			—		461			(277		)	184
Hedged item inventories	—		2,518			—		2,518			—			2,518
Hedged item commitments	—		797			—		797			(265		)	532
Total	$	785	$	17,915		$	123	$	18,823		$	(7,542	)	$	11,281
Liabilities:
Commodity contracts	$	2,226	$	14,926		$	33	$	17,185		$	(8,391	)	$	8,794
Foreign currency contracts	—		574			—		574			(277		)	297
Hedged item inventories	—		361			—		361			(265		)	96
Earn-out	—		—			5,012		5,012			—			5,012
Total	$	2,226	$	15,861		$	5,045	$	23,132		$	(8,933	)	$	14,199

Fair value of commodity contracts and hedged item commitments is derived using forward prices that take into account commodity prices, basis differentials, interest rates, credit risk ratings, option volatility and currency rates. Fair value of hedged item inventories is derived using spot commodity prices and basis differentials. Fair value of foreign currency forwards is derived using forward prices that take into account interest rates, credit risk ratings and currency rates.

For our derivative contracts, we may enter into master netting, collateral and offset agreements with counterparties. These agreements provide us the ability to offset a counterparty’s rights and obligations, request additional collateral when necessary or liquidate the collateral in the event of counterparty default. We net fair value of cash collateral paid or received against fair value amounts recognized for net derivative positions executed with the same counterparty under the same master netting or offset agreement.

There were no amounts recognized for the obligation to return or reclaim cash collateral that have been offset against fair value assets included within netting and collateral in the above table as of December 31, 2010. The amounts recognized for the obligation to return and reclaim cash collateral that have been offset against fair value assets and liabilities included within netting and collateral in the above table were $1.0 million and $6.1 million, respectively, as of September 30, 2011.

The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs for the periods presented (in thousands):

	Balance, Beginning of Period, Assets (Liabilities)			Realized and Unrealized Gains Included in Earnings		Settlements			Balance, End of Period			Change in Unrealized Gains Relating to Instruments Still Held at end of Period

Three months ended September 30, 2011

Earn-out	$	(5,156	)	$	149	$	—		$	(5,007	)	$	149
Total	$	(5,156	)	$	149	$	—		$	(5,007	)	$	149

Three months ended September 30, 2010

Earn-out	$	(6,225	)	$	252	$	—		$	(5,973	)	$	252
Total	$	(6,225	)	$	252	$	—		$	(5,973	)	$	252

Nine months ended September 30, 2011

Commodity contracts, net	$	90		$	—	$	(90	)	$	—		$	—
Earn-out	(5,012		)	5		—			(5,007		)	5
Total	$	(4,922	)	$	5	$	(90	)	$	(5,007	)	$	5

Nine months ended September 30, 2010

Commodity contracts, net	$	(2	)	$	—	$	2		$	—		$	—
Foreign currency contracts, net	(152		)	—		152			—			—
Earn-out	(6,728		)	755		—			(5,973		)	755
Total	$	(6,882	)	$	755	$	154		$	(5,973	)	$	755

Our policy is to recognize transfers between Level 1, 2 or 3 as of the beginning of the reporting period in which the event or change in circumstances caused the transfer to occur. There were no transfers between Level 1, 2 or 3 during the periods presented. In addition, there were no Level 3 purchases, sales or issuances for the periods presented. The unrealized gains on the Earn-out shown in the above table represent foreign currency gains recorded during the three and nine months ended September 30, 2011.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
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-SubTopic 10
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-Name Accounting Standards Codification
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+ Details

Business Segments

9 Months Ended

Sep. 30, 2011

Business Segments

Business Segments

8. Business Segments

Based on the nature of operations and quantitative thresholds pursuant to accounting guidance for segment reporting, we have three reportable operating business segments: aviation, marine and land. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Please refer to Note 1 for the dates that the results of operations and related assets and liabilities of our acquisitions have been included in our operating segments. The accounting policies of the reportable operating segments are the same as those described in the Summary of Significant Accounting Policies (see Note 1).

Information concerning our revenue, gross profit and income from operations by segment is as follows (in thousands):

	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2011		2010		2011		2010
Revenue:
Aviation segment	$	3,540,503	$	1,857,154	$	9,551,924	$	5,007,920
Marine segment	4,045,176		2,356,093		10,577,578		6,731,356
Land segment	1,925,113		773,827		5,169,405		1,563,094
	$	9,510,792	$	4,987,074	$	25,298,907	$	13,302,370

Gross profit:
Aviation segment	$	83,966	$	55,829	$	236,121	$	157,091
Marine segment	50,069		41,194		140,958		123,787
Land segment	36,812		15,084		95,638		37,616
	$	170,847	$	112,107	$	472,717	$	318,494

Income from operations:
Aviation segment	$	41,228	$	31,564	$	117,022	$	86,959
Marine segment	24,899		20,667		68,017		64,647
Land segment	18,653		3,234		43,342		7,362
	84,780		55,465		228,381		158,968
Corporate overhead	13,855		10,378		35,828		26,692
	$	70,925	$	45,087	$	192,553	$	132,276

Information concerning our accounts receivable and total assets by segment is as follows (in thousands):

	As of
	September 30,		December 31,
	2011		2010
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $9,765 and $7,363 at September 30, 2011 and December 31, 2010, respectively	$	610,569	$	420,788
Marine segment, net of allowance for bad debt of $8,850 and $7,761 at September 30, 2011 and December 31, 2010, respectively	1,196,741		761,629
Land segment, net of allowance for bad debt of $6,310 and $5,077 at September 30, 2011 and December 31, 2010, respectively	359,402		204,283
	$	2,166,712	$	1,386,700

Total assets:
Aviation segment	$	1,191,791	$	740,563
Marine segment	1,528,468		1,000,042
Land segment	756,037		524,592
Corporate	140,600		301,253
	$	3,616,896	$	2,566,450

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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+ Details

Acquisitions and Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2011

Acquisitions and Significant Accounting Policies

Accounts Receivable Purchase Agreement

Goodwill

Extinguishment of Liability

Acquisitions and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2011

Acquisitions and Significant Accounting Policies

Reconciliation of the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired

The following reconciles the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired (in thousands):

Estimated purchase price	$	153,213
Less: Promissory notes issued	8,278
Less: Common stock issued	27,491
Estimated cash consideration	117,444
Less: Amounts due to sellers, net	6,007
Cash consideration paid	111,437
Less: Cash acquired	2,638
Cash paid for acquisition of businesses, net of cash acquired	$	108,799

Schedule of estimated purchase price allocation for the 2011 acquisitions

On an aggregate basis, the estimated purchase price allocation for the 2011 acquisitions is as follows (in thousands):

Assets acquired:
Cash and cash equivalents	$	2,638
Accounts receivable	60,923
Inventories	38,045
Other current and long-term assets	15,713
Property and equipment	22,559
Identifiable intangible assets	18,780
Goodwill	42,850
Liabilities assumed:
Accounts payable	(36,434		)
Assumed employee benefits	(5,421		)
Accrued expenses and other current liabilities	(3,031		)
Other long-term liabilities	(3,409		)
Estimated purchase price	$	153,213

Schedule of unaudited pro forma results of acquisitions

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(pro forma)		(pro forma)		(pro forma)		(pro forma)

Revenue	$	9,510,792	$	5,100,149	$	25,486,686	$	13,592,036

Net income attributable to World Fuel	$	52,655	$	38,123	$	151,582	$	109,700

Earnings per common share:
Basic	$	0.74	$	0.62	$	2.14	$	1.81
Diluted	$	0.74	$	0.61	$	2.12	$	1.78

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Derivatives (Tables)

9 Months Ended

Sep. 30, 2011

Derivatives

Schedule of fair value positions of derivative instruments

As of September 30, 2011, our derivative instruments, at their respective fair value positions were as follows (in thousands, except mark-to-market prices):

Hedge Strategy	Settlement Period	Derivative Instrument	Notional	Unit	Mark-to- Market Prices			Mark-to- Market

Fair Value Hedge	2011	Commodity contracts for firm commitment hedging (long)	1,423	GAL	$	(0.16	)	$	(232	)
	2011	Commodity contracts for firm commitment hedging (short)	3,696	GAL	0.11			422
	2011	Commodity contracts for inventory hedging (short)	38,183	GAL	0.14			5,396
	2011	Commodity contracts for firm commitment hedging (long)	81	MT	(2.40		)	(196		)
	2011	Commodity contracts for inventory hedging (short)	86	MT	17.77			1,519
	2012	Commodity contracts for firm commitment hedging (long)	610	GAL	(0.18)			(109		)
	2012	Commodity contracts for firm commitment hedging (long)	155	MT	(11.65		)	(1,805		)
								$	4,995

Non-Designated	2011	Commodity contracts (long)	62,201	GAL	$	(0.00	)	$	(309	)
	2011	Commodity contracts (short)	63,021	GAL	0.02			1,271
	2011	Commodity contracts (long)	2,721	MT	(12.74		)	(34,676		)
	2011	Commodity contracts (short)	2,086	MT	17.96			37,454
	2011	Foreign currency contracts (long)	407	BRL	(0.04		)	(18		)
	2011	Foreign currency contracts (short)	5,200	CAD	0.02			103
	2011	Foreign currency contracts (long)	2,640,202	CLP	(0.00		)	(396		)
	2011	Foreign currency contracts (short)	7,500	EUR	0.02			140
	2011	Foreign currency contracts (long)	18,451	GBP	(0.03		)	(574		)
	2011	Foreign currency contracts (short)	71,968	GBP	0.04			2,980
	2011	Foreign currency contracts (long)	126,381	MXN	0.00			112
	2011	Foreign currency contracts (short)	47,863	MXN	0.00			—
	2011	Foreign currency contracts (long)	1,231	SGD	(0.01		)	(12		)
	2011	Foreign currency contracts (short)	382	AUD	0.07			29
	2011	Foreign currency contracts (short)	13,000,000	COP	0.00			571
	2011	Foreign currency contracts (long)	9,160	UYU	(0.00		)	(30		)
	2012	Commodity contracts (long)	19,038	GAL	(0.01		)	(243		)
	2012	Commodity contracts (short)	71,642	GAL	0.11			7,648
	2012	Commodity contracts (long)	1,878	MT	(16.07		)	(30,182		)
	2012	Commodity contracts (short)	1,185	MT	19.45			23,063
	2013	Commodity contracts (long)	2,153	GAL	(0.08		)	(173		)
	2013	Commodity contracts (short)	5,408	GAL	0.26			1,403
	2013	Commodity contracts (long)	58	MT	(22.86		)	(1,328		)
	2013	Commodity contracts (short)	14	MT	50.24			703
	2014	Commodity contracts (long)	3	MT	(61.85		)	(186		)
	2014	Commodity contracts (short)	3	MT	63.59			191
								$	7,541

Schedule of derivative instruments measured at fair value and their locations on the consolidated balance sheet

		As of
		September 30,		December 31,
	Balance Sheet Location	2011		2010
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	914	$	439
Commodity contracts	Non-current other assets	—		448
Commodity contracts	Short-term derivative liabilities, net	6,910		—
Total hedging instrument derivatives		7,824		887
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	23,031		11,296
Commodity contracts	Short-term derivative liabilities, net	72,408		2,195
Commodity contracts	Non-current other assets	4,738		637
Commodity contracts	Other long-term liabilities	2,570		—
Foreign currency contracts	Short-term derivative assets, net	3,512		369
Foreign currency contracts	Short-term derivative liabilities, net	584		92
Total non-designated derivatives		106,843		14,589
Total derivative assets		$	114,667	$	15,476

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	$	91	$	229
Commodity contracts	Short-term derivative liabilities, net	2,156		2,853
Commodity contracts	Other long-term liabilities	581		—
Total hedging instrument derivatives		2,828		3,082
Derivatives not designated as hedging instruments
Commodity contracts	Short-term derivative assets, net	6,803		4,001
Commodity contracts	Short-term derivative liabilities, net	83,534		9,519
Commodity contracts	Non-current other assets	152		81
Commodity contracts	Other long-term liabilities	7,623		502
Foreign currency contracts	Short-term derivative assets, net	336		185
Foreign currency contracts	Short-term derivative liabilities, net	855		389
Total non-designated derivatives		99,303		14,677
Total derivative liabilities		$	102,131	$	17,759

Presents the effect and financial statement location of derivative instruments and related hedged items in fair value hedging relationships on consolidated statements of income

Derivatives	Location	Realized and Unrealized Gain (Loss)						Hedged Items	Location	Realized and Unrealized Gain (Loss)
		2011			2010					2011			2010

Three months ended September 30,
Commodity contracts	Revenue	$	(7,081	)	$	7,622		Firm commitments	Revenue	$	7,284		$	(6,411	)
Commodity contracts	Cost of revenue	1,112			(1,844		)	Firm commitments	Cost of revenue	(855		)	1,290
Commodity contracts	Cost of revenue	14,375			(9,537		)	Inventories	Cost of revenue	(9,136		)	13,079
		$	8,406		$	(3,759	)			$	(2,707	)	$	7,958

Nine months ended September 30,
Commodity contracts	Revenue	$	9,124		$	5,076		Firm commitments	Revenue	$	(9,505	)	$	(3,116	)
Commodity contracts	Cost of revenue	(6,718		)	900			Firm commitments	Cost of revenue	7,456			(2,393		)
Commodity contracts	Cost of revenue	(19,219		)	(817		)	Inventories	Cost of revenue	35,160			7,565
		$	(16,813	)	$	5,159				$	33,111		$	2,056

Presents the effect and financial statement location of derivative instruments in cash flow hedging relationships on accumulated other comprehensive income and consolidated statements of income

	Unrealized Gain (Loss)
	Recorded in Accumulated					Location of
	Other Comprehensive Income					Realized Gain (Loss)	Realized Gain (Loss)
Derivatives	(Effective Portion)					(Effective Portion)	(Effective Portion)
	2011		2010				2011		2010

Three months ended September 30,
Foreign currency contracts	$	—	$	(122	)	Revenue	$	—	$	(122	)
Foreign currency contracts	—		(327		)	Other (expense) income, net	—		(327		)
	$	—	$	(449	)		$	—	$	(449	)

Nine months ended September 30,
Foreign currency contracts	$	—	$	1,780		Revenue	$	—	$	1,088
Foreign currency contracts	—		(75		)	Other (expense) income, net	—		(75		)
	$	—	$	1,705			$	—	$	1,013

Presents the effect and financial statement location of derivative instruments not designated as hedging instruments on consolidated statements of income

		Realized and Unrealized
Derivatives	Location	Gain (Loss)
		2011			2010

Three months ended September 30,
Commodity contracts	Revenue	$	3,703		$	2,356
Commodity contracts	Cost of revenue	(379		)	(398		)
Foreign currency contracts	Revenue	1,361			—
Foreign currency contracts	Other (expense) income, net	2,054			(556		)
		$	6,739		$	1,402

Nine months ended September 30,
Commodity contracts	Revenue	$	6,751		$	3,127
Commodity contracts	Cost of revenue	2,844			1,850
Foreign currency contracts	Revenue	1,361			—
Foreign currency contracts	Other (expense) income, net	(818		)	(174		)
		$	10,138		$	4,803

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579245-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41678-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41638-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5580258-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41620-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

+ Details

Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings per Common Share

Computation of basic and diluted earnings per share

	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2011		2010		2011		2010

Numerator:
Net income attributable to World Fuel	$	52,655	$	36,755	$	143,967	$	107,435

Denominator:
Weighted average common shares for basic earnings per common share	70,939		60,496		70,593		59,768
Effect of dilutive securities	648		1,167		822		1,217
Weighted average common shares for diluted earnings per common share	71,587		61,663		71,415		60,985

Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share	119		222		85		268

Basic earnings per common share	$	0.74	$	0.61	$	2.04	$	1.80

Diluted earnings per common share	$	0.74	$	0.60	$	2.02	$	1.76

Debt (Tables)

9 Months Ended

Sep. 30, 2011

Debt

Schedule of interest income, expense and other financing costs

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2011			2010			2011			2010

Interest income	$	165		$	223		$	391		$	572
Interest expense and other financing costs, net	(4,956		)	(1,212		)	(12,005		)	(3,042		)
	$	(4,791	)	$	(989	)	$	(11,614	)	$	(2,470	)

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2011

Income Taxes

Schedule of Income tax provision and the respective effective tax rates

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2011			2010			2011			2010

Income tax provision	$	10,649		$	7,515		$	32,113		$	22,961

Effective income tax rate	16.5		%	17.1		%	18.0		%	17.6		%

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies

Schedule of future minimum lease payments under non-cancelable operating leases

As of September 30, 2011, our future minimum lease payments under non-cancelable operating leases were as follows (in thousands):

Period Ended December 31,

2011 (3 months)	$	5,271
2012	18,484
2013	16,394
2014	15,435
2015	14,150
Thereafter	40,200
	$	109,934

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Measurements

Schedule of assets and liabilities measured at fair value on a recurring basis

As of September 30, 2011	Level 1		Level 2			Level 3		Sub-Total			Netting and Collateral			Total
Assets:
Commodity contracts	$	28,889	$	81,682		$	—	$	110,571		$	(89,894	)	$	20,677
Foreign currency contracts	—		4,096			—		4,096			(920		)	3,176
Hedged item inventories	—		(3,864		)	—		(3,864		)	—			(3,864		)
Hedged item commitments	—		3,490			—		3,490			(304		)	3,186
Total	$	28,889	$	85,404		$	—	$	114,293		$	(91,118	)	$	23,175
Liabilities:
Commodity contracts	$	30,144	$	70,796		$	—	$	100,940		$	(95,064	)	$	5,876
Foreign currency contracts	—		1,191			—		1,191			(920		)	271
Hedged item commitments	—		988			—		988			(304		)	684
Earn-out	—		—			5,007		5,007			—			5,007
Total	$	30,144	$	72,975		$	5,007	$	108,126		$	(96,288	)	$	11,838

As of December 31, 2010
Assets:
Cash equivalents	$	32	$	—		$	—	$	32		$	—		$	32
Commodity contracts	753		14,139			123		15,015			(7,000		)	8,015
Foreign currency contracts	—		461			—		461			(277		)	184
Hedged item inventories	—		2,518			—		2,518			—			2,518
Hedged item commitments	—		797			—		797			(265		)	532
Total	$	785	$	17,915		$	123	$	18,823		$	(7,542	)	$	11,281
Liabilities:
Commodity contracts	$	2,226	$	14,926		$	33	$	17,185		$	(8,391	)	$	8,794
Foreign currency contracts	—		574			—		574			(277		)	297
Hedged item inventories	—		361			—		361			(265		)	96
Earn-out	—		—			5,012		5,012			—			5,012
Total	$	2,226	$	15,861		$	5,045	$	23,132		$	(8,933	)	$	14,199

Schedule of assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs

	Balance, Beginning of Period, Assets (Liabilities)			Realized and Unrealized Gains Included in Earnings		Settlements			Balance, End of Period			Change in Unrealized Gains Relating to Instruments Still Held at end of Period

Three months ended September 30, 2011

Earn-out	$	(5,156	)	$	149	$	—		$	(5,007	)	$	149
Total	$	(5,156	)	$	149	$	—		$	(5,007	)	$	149

Three months ended September 30, 2010

Earn-out	$	(6,225	)	$	252	$	—		$	(5,973	)	$	252
Total	$	(6,225	)	$	252	$	—		$	(5,973	)	$	252

Nine months ended September 30, 2011

Commodity contracts, net	$	90		$	—	$	(90	)	$	—		$	—
Earn-out	(5,012		)	5		—			(5,007		)	5
Total	$	(4,922	)	$	5	$	(90	)	$	(5,007	)	$	5

Nine months ended September 30, 2010

Commodity contracts, net	$	(2	)	$	—	$	2		$	—		$	—
Foreign currency contracts, net	(152		)	—		152			—			—
Earn-out	(6,728		)	755		—			(5,973		)	755
Total	$	(6,882	)	$	755	$	154		$	(5,973	)	$	755

Business Segments (Tables)

9 Months Ended

Sep. 30, 2011

Business Segments

Schedule of revenue, gross profit and income from operations by segment

	For the Three Months ended				For the Nine Months ended
	September 30,				September 30,
	2011		2010		2011		2010
Revenue:
Aviation segment	$	3,540,503	$	1,857,154	$	9,551,924	$	5,007,920
Marine segment	4,045,176		2,356,093		10,577,578		6,731,356
Land segment	1,925,113		773,827		5,169,405		1,563,094
	$	9,510,792	$	4,987,074	$	25,298,907	$	13,302,370

Gross profit:
Aviation segment	$	83,966	$	55,829	$	236,121	$	157,091
Marine segment	50,069		41,194		140,958		123,787
Land segment	36,812		15,084		95,638		37,616
	$	170,847	$	112,107	$	472,717	$	318,494

Income from operations:
Aviation segment	$	41,228	$	31,564	$	117,022	$	86,959
Marine segment	24,899		20,667		68,017		64,647
Land segment	18,653		3,234		43,342		7,362
	84,780		55,465		228,381		158,968
Corporate overhead	13,855		10,378		35,828		26,692
	$	70,925	$	45,087	$	192,553	$	132,276

Schedule of accounts receivable and total assets by segment

	As of
	September 30,		December 31,
	2011		2010
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $9,765 and $7,363 at September 30, 2011 and December 31, 2010, respectively	$	610,569	$	420,788
Marine segment, net of allowance for bad debt of $8,850 and $7,761 at September 30, 2011 and December 31, 2010, respectively	1,196,741		761,629
Land segment, net of allowance for bad debt of $6,310 and $5,077 at September 30, 2011 and December 31, 2010, respectively	359,402		204,283
	$	2,166,712	$	1,386,700

Total assets:
Aviation segment	$	1,191,791	$	740,563
Marine segment	1,528,468		1,000,042
Land segment	756,037		524,592
Corporate	140,600		301,253
	$	3,616,896	$	2,566,450

Acquisitions and Significant Accounting Policies (Details) $ / shares in Units, $ in Thousands, £ in Millions	1 Months Ended	3 Months Ended			9 Months Ended
	Apr. 30, 2009 year	Sep. 30, 2011 USD ($) business $ / shares	Jun. 30, 2011 business	Sep. 30, 2010 USD ($) $ / shares	Sep. 30, 2011 USD ($) $ / shares	Sep. 30, 2010 USD ($) $ / shares	Sep. 30, 2011 GBP (£)	Apr. 02, 2011 site
Reconcilition of the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired
Promissory notes issued for acquisition		$ 8,300			$ 8,300
Cash paid for acquisition of businesses, net of cash acquired					(112,315)	$ (46,015)
Liabilities assumed:
Revenue		9,510,792		$ 4,987,074	25,298,907	13,302,370
Net income		52,655		36,755	143,967	107,435
Pro Forma Information
Revenue		9,510,792		5,100,149	25,486,686	13,592,036
Net income attributable to World Fuel		$ 52,655		$ 38,123	$ 151,582	$ 109,700
Earnings per share:
Basic (in dollars per share) \| $ / shares		$ 0.74		$ 0.62	$ 2.14	$ 1.81
Diluted (in dollars per share) \| $ / shares		$ 0.74		$ 0.61	$ 2.12	$ 1.78
Aviation segment
Liabilities assumed:
Revenue		$ 3,540,503		$ 1,857,154	$ 9,551,924	$ 5,007,920
Land segment
Liabilities assumed:
Revenue		1,925,113		773,827	5,169,405	1,563,094
Marine segment
Liabilities assumed:
Revenue		$ 4,045,176		$ 2,356,093	10,577,578	$ 6,731,356
2011 Acquisitions
Acquisitions
Number of businesses acquired \| business		4
Number of aviation companies acquired \| business		3
Number of land companies acquired \| business		1
Reconcilition of the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired
Estimated purchase price		$ 153,213			153,213
Promissory notes issued for acquisition		8,278			8,278
Less: Common stock issued		27,491			27,491
Estimated cash consideration		117,444			117,444
Amount due to sellers		6,007			6,007
Cash consideration paid		111,437			111,437
Assets acquired:
Cash and cash equivalents		2,638			2,638
Accounts receivable		60,923			60,923
Inventories		38,045			38,045
Other current and long-term assets		15,713			15,713
Property and equipment		22,559			22,559
Identifiable intangible assets		18,780			18,780
Goodwill		42,850			42,850
Liabilities assumed:
Accounts payable		(36,434)			(36,434)
Assumed employee benefits		(5,421)			(5,421)
Accrued expenses and other current liabilities		(3,031)			(3,031)
Other long-term liabilities		(3,409)			(3,409)
Estimated purchase price		153,213			153,213
Goodwill anticipated to be deductible for tax purposes		25,900			25,900
Revenue		163,600			349,600
Net income		4,700			9,200
2011 Acquisitions \| Aviation segment
Assets acquired:
Goodwill		39,500			39,500
2011 Acquisitions \| Land segment
Assets acquired:
Goodwill		600			600
2011 Acquisitions \| Marine segment
Assets acquired:
Goodwill		2,800			2,800
Ascent Aviation Group, Inc. ("Ascent") and other immaterial acquisition
Acquisitions
Number of businesses acquired \| business			2
Minimum number of airports and fixed base operators supplied by acquired company \| site								450
2010 Acquisitions
Acquisitions
Increase (decrease) in the aggregate purchase price of acquisitions					3,900
Reconcilition of the estimated aggregate purchase price for the 2011 acquisitions to the cash paid for the acquisitions, net of cash acquired
Less:Cash acquired					2,638
Cash paid for acquisition of businesses, net of cash acquired					108,799
2010 Acquisitions \| Aviation segment
Acquisitions
Increase (decrease) in goodwill					(400)
Increase (decrease) in identifiable intangible assets					(9,300)
Increase (decrease) in fixed assets					(500)
Increase (decrease) in long-term liabilities					500
2010 Acquisitions \| Land segment
Acquisitions
Increase (decrease) in goodwill					11,600
2010 Acquisitions \| Marine segment
Acquisitions
Increase (decrease) in goodwill					2,800
Henty Oil Limited, Tank and Marine Engineering Limited and Henty Shipping Services Limited (collectively, "Henty")
Earn-out
Period for acquiree to meet certain operating targets for earn-out payment (in years) \| year	3
Maximum Earn-out payment prior to purchase agreement amendment		9,300			9,300		£ 6.0
Minimum Earn-out payment established in consideration for the reduction in the maximum Earn-out		4,200			4,200		2.7
Fair value of the earn-out liability		$ 5,000			$ 5,000		£ 3.2

Acquisitions and Significant Accounting Policies (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Accounts Receivable Purchase Agreement
Maximum amount of accounts receivable to be sold under a Receivables Purchase Agreement ("RPA")	$ 100.0		$ 100.0
Percentage of the sold accounts receivable the sales price is equal to before a discount margin, high end of range	100.00%		100.00%
Percentage of the sold accounts receivable the sales price is equal to before a discount margin, low end of range	90.00%		90.00%
Percentage rate added to floating market rate to get discount margin subtracted from sold accounts receivable balance	2.00%		2.00%
Percentage of retained beneficial interest in accounts receivable sold	10.00%		10.00%
Accounts receivable sold	$ 41.8		$ 41.8
Retained beneficial interest recorded			4.1
Goodwill
Increase in goodwill due to acquisitions			56.9
Change in goodwill due to foreign currency translation adjustments			(0.8)
Extinguishment of Liability
Derecognized vendor liability accruals amount	$ 2.7	$ 3.3	$ 5.9	$ 7.9

Derivatives (Details) - Sep. 30, 2011 € in Thousands, £ in Thousands, R$ in Thousands, MT in Thousands, GAL in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	USD ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	GBP (£) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	BRL (R$) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	EUR (€) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	AUD ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	CLP ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	CAD ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	COP ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	MXN ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	SGD ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP	UYU ($) GAL MT USDPerGAL USDPerMetricTon USDPerCAD USDPerEUR USDPerGBP USDPerMXN USDPerSGD USDPerAUD USDPerCOP USDPerUYU USDPerBRL USDPerCLP
Derivatives designated as hedging instruments
Derivative instruments, at their respective fair value positions
Mark-to-Market, Total	$ 4,995
Derivatives not designated as hedging instruments
Derivative instruments, at their respective fair value positions
Mark-to-Market, Total	$ 7,541
Commodity contract (long) \| 2011 \| GAL
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| GAL	1,423	1,423	1,423	1,423	1,423	1,423	1,423	1,423	1,423	1,423	1,423
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerGAL	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)	(0.16)
Mark-to-Market value of fair value hedge commodity contracts	$ (232)
Non-Designated, Notional value of commodity contracts \| GAL	62,201	62,201	62,201	62,201	62,201	62,201	62,201	62,201	62,201	62,201	62,201
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mark-to-Market value of non-designated commodity contracts	$ (309)
Commodity contract (long) \| 2011 \| MT
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| MT	81	81	81	81	81	81	81	81	81	81	81
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerMetricTon	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)	(2.40)
Mark-to-Market value of fair value hedge commodity contracts	$ (196)
Non-Designated, Notional value of commodity contracts \| MT	2,721	2,721	2,721	2,721	2,721	2,721	2,721	2,721	2,721	2,721	2,721
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)	(12.74)
Mark-to-Market value of non-designated commodity contracts	$ (34,676)
Commodity contract (long) \| 2012 \| GAL
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| GAL	610	610	610	610	610	610	610	610	610	610	610
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerGAL	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)	(0.18)
Mark-to-Market value of fair value hedge commodity contracts	$ (109)
Non-Designated, Notional value of commodity contracts \| GAL	19,038	19,038	19,038	19,038	19,038	19,038	19,038	19,038	19,038	19,038	19,038
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
Mark-to-Market value of non-designated commodity contracts	$ (243)
Commodity contract (long) \| 2012 \| MT
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| MT	155	155	155	155	155	155	155	155	155	155	155
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerMetricTon	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)	(11.65)
Mark-to-Market value of fair value hedge commodity contracts	$ (1,805)
Non-Designated, Notional value of commodity contracts \| MT	1,878	1,878	1,878	1,878	1,878	1,878	1,878	1,878	1,878	1,878	1,878
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)	(16.07)
Mark-to-Market value of non-designated commodity contracts	$ (30,182)
Commodity contract (long) \| 2013 \| GAL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| GAL	2,153	2,153	2,153	2,153	2,153	2,153	2,153	2,153	2,153	2,153	2,153
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)
Mark-to-Market value of non-designated commodity contracts	$ (173)
Commodity contract (long) \| 2013 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	58	58	58	58	58	58	58	58	58	58	58
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)	(22.86)
Mark-to-Market value of non-designated commodity contracts	$ (1,328)
Commodity contract (long) \| 2014 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	3	3	3	3	3	3	3	3	3	3	3
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)	(61.85)
Mark-to-Market value of non-designated commodity contracts	$ (186)
Commodity contract (short) \| 2011 \| GAL
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| GAL	3,696	3,696	3,696	3,696	3,696	3,696	3,696	3,696	3,696	3,696	3,696
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerGAL	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Mark-to-Market value of fair value hedge commodity contracts	$ 422
Non-Designated, Notional value of commodity contracts \| GAL	63,021	63,021	63,021	63,021	63,021	63,021	63,021	63,021	63,021	63,021	63,021
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Mark-to-Market value of non-designated commodity contracts	$ 1,271
Commodity contract (short) \| 2011 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	2,086	2,086	2,086	2,086	2,086	2,086	2,086	2,086	2,086	2,086	2,086
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	17.96	17.96	17.96	17.96	17.96	17.96	17.96	17.96	17.96	17.96	17.96
Mark-to-Market value of non-designated commodity contracts	$ 37,454
Commodity contract (short) \| 2012 \| GAL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| GAL	71,642	71,642	71,642	71,642	71,642	71,642	71,642	71,642	71,642	71,642	71,642
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Mark-to-Market value of non-designated commodity contracts	$ 7,648
Commodity contract (short) \| 2012 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	1,185	1,185	1,185	1,185	1,185	1,185	1,185	1,185	1,185	1,185	1,185
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	19.45	19.45	19.45	19.45	19.45	19.45	19.45	19.45	19.45	19.45	19.45
Mark-to-Market value of non-designated commodity contracts	$ 23,063
Commodity contract (short) \| 2013 \| GAL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| GAL	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408	5,408
Mark-to-Market Prices of non-designated commodity contracts \| USDPerGAL	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26
Mark-to-Market value of non-designated commodity contracts	$ 1,403
Commodity contract (short) \| 2013 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	14	14	14	14	14	14	14	14	14	14	14
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	50.24	50.24	50.24	50.24	50.24	50.24	50.24	50.24	50.24	50.24	50.24
Mark-to-Market value of non-designated commodity contracts	$ 703
Commodity contract (short) \| 2014 \| MT
Derivative instruments, at their respective fair value positions
Non-Designated, Notional value of commodity contracts \| MT	3	3	3	3	3	3	3	3	3	3	3
Mark-to-Market Prices of non-designated commodity contracts \| USDPerMetricTon	63.59	63.59	63.59	63.59	63.59	63.59	63.59	63.59	63.59	63.59	63.59
Mark-to-Market value of non-designated commodity contracts	$ 191
Commodity contract inventory (short) \| 2011 \| GAL
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| GAL	38,183	38,183	38,183	38,183	38,183	38,183	38,183	38,183	38,183	38,183	38,183
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerGAL	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Mark-to-Market value of fair value hedge commodity contracts	$ 5,396
Commodity contract inventory (short) \| 2011 \| MT
Derivative instruments, at their respective fair value positions
Fair Value Hedge, Notional value of commodity contracts \| MT	86	86	86	86	86	86	86	86	86	86	86
Mark-to-Market Prices of fair value hedge commodity contracts \| USDPerMetricTon	17.77	17.77	17.77	17.77	17.77	17.77	17.77	17.77	17.77	17.77	17.77
Mark-to-Market value of fair value hedge commodity contracts	$ 1,519
Foreign currency contracts (long) \| UYU
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts											$ 9,160
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerUYU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mark-to-Market value of non-designated foreign currency contracts	$ (30)
Foreign currency contracts (long) \| 2011 \| BRL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R$			R$ 407
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerBRL	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)
Mark-to-Market value of non-designated foreign currency contracts	$ (18)
Foreign currency contracts (long) \| 2011 \| CLP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts						$ 2,640,202
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerCLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mark-to-Market value of non-designated foreign currency contracts	$ (396)
Foreign currency contracts (long) \| 2011 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 18,451
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerGBP	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)
Mark-to-Market value of non-designated foreign currency contracts	$ (574)
Foreign currency contracts (long) \| 2011 \| MXN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts									$ 126,381
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerMXN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mark-to-Market value of non-designated foreign currency contracts	$ 112
Foreign currency contracts (long) \| 2011 \| SGD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts										$ 1,231
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerSGD	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
Mark-to-Market value of non-designated foreign currency contracts	$ (12)
Foreign currency contracts (short) \| 2011 \| CAD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts							$ 5,200
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerCAD	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Mark-to-Market value of non-designated foreign currency contracts	$ 103
Foreign currency contracts (short) \| 2011 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €				€ 7,500
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerEUR	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Mark-to-Market value of non-designated foreign currency contracts	$ 140
Foreign currency contracts (short) \| 2011 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 71,968
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerGBP	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Mark-to-Market value of non-designated foreign currency contracts	$ 2,980
Foreign currency contracts (short) \| 2011 \| MXN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts									$ 47,863
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerMXN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Foreign currency contracts (short) \| 2011 \| AUD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts					$ 382
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerAUD	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Mark-to-Market value of non-designated foreign currency contracts	$ 29
Foreign currency contracts (short) \| 2011 \| COP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts								$ 13,000,000
Mark-to-Market Prices of non-designated foreign currency contracts \| USDPerCOP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Mark-to-Market value of non-designated foreign currency contracts	$ 571

Derivatives (Details 2) - USD ($) $ in Thousands	Sep. 30, 2011	Dec. 31, 2010
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	$ 114,667	$ 15,476
Derivative liabilities	102,131	17,759
Derivatives designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	7,824	887
Derivative liabilities	2,828	3,082
Derivatives designated as hedging instruments \| Commodity contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	914	439
Derivative liabilities	91	229
Derivatives designated as hedging instruments \| Commodity contracts \| Short-term derivative liabilities, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	6,910
Derivative liabilities	2,156	2,853
Derivatives designated as hedging instruments \| Commodity contracts \| Non-current other assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets		448
Derivatives designated as hedging instruments \| Commodity contracts \| Other long-term liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative liabilities	581
Derivatives not designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	106,843	14,589
Derivative liabilities	99,303	14,677
Derivatives not designated as hedging instruments \| Commodity contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	23,031	11,296
Derivative liabilities	6,803	4,001
Derivatives not designated as hedging instruments \| Commodity contracts \| Short-term derivative liabilities, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	72,408	2,195
Derivative liabilities	83,534	9,519
Derivatives not designated as hedging instruments \| Commodity contracts \| Non-current other assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	4,738	637
Derivative liabilities	152	81
Derivatives not designated as hedging instruments \| Commodity contracts \| Other long-term liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	2,570
Derivative liabilities	7,623	502
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short-term derivative assets, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	3,512	369
Derivative liabilities	336	185
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short-term derivative liabilities, net
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	584	92
Derivative liabilities	$ 855	$ 389

Derivatives (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Derivatives (Details 3) - USD ($) $ in Thousands	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Derivatives instruments designated as hedging instruments \| Fair value hedges
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge	$ 8,406	$ (3,759)	$ (16,813)	$ 5,159
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Hedged items
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item	(2,707)	7,958	33,111	2,056
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Revenue \| Hedged item commitments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item	7,284	(6,411)	(9,505)	(3,116)
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Cost of revenue \| Hedged item commitments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item	(855)	1,290	7,456	(2,393)
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Cost of revenue \| Hedged item inventories
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item	(9,136)	13,079	35,160	7,565
Derivatives instruments designated as hedging instruments \| Cash flow hedges
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)		(449)		1,013
Unrealized Gain (Loss) Recorded in Accumulated Other Comprehensive Income (Effective Portion)		(449)		1,705
Derivatives instruments not designated as hedging instruments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	6,739	1,402	10,138	4,803
Commodity contracts \| Derivatives instruments designated as hedging instruments \| Fair value hedges \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge	(7,081)	7,622	9,124	5,076
Commodity contracts \| Derivatives instruments designated as hedging instruments \| Fair value hedges \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge	1,112	(1,844)	(6,718)	900
Commodity contracts \| Derivatives instruments not designated as hedging instruments \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	3,703	2,356	6,751	3,127
Commodity contracts \| Derivatives instruments not designated as hedging instruments \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(379)	(398)	2,844	1,850
Foreign currency contracts \| Derivatives instruments designated as hedging instruments \| Cash flow hedges
Gain (loss) on derivative
Unrealized Gain (Loss) Recorded in Accumulated Other Comprehensive Income (Effective Portion)		(122)		1,780
Foreign currency contracts \| Derivatives instruments designated as hedging instruments \| Cash flow hedges \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)		(122)		1,088
Foreign currency contracts \| Derivatives instruments designated as hedging instruments \| Cash flow hedges \| Other (expense) income, net
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)		(327)		(75)
Foreign currency contracts \| Derivatives instruments not designated as hedging instruments \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	1,361		1,361
Foreign currency contracts \| Derivatives instruments not designated as hedging instruments \| Other (expense) income, net
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	2,054	(556)	(818)	(174)
Foreign exchange contracts. \| Derivatives instruments designated as hedging instruments \| Cash flow hedges
Gain (loss) on derivative
Unrealized Gain (Loss) Recorded in Accumulated Other Comprehensive Income (Effective Portion)		(327)		(75)
Commodity contracts. \| Derivatives instruments designated as hedging instruments \| Fair value hedges \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge	$ 14,375	$ (9,537)	$ (19,219)	$ (817)

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Numerator:
Net income attributable to World Fuel (in dollars)	$ 52,655	$ 36,755	$ 143,967	$ 107,435
Denominator:
Weighted average common shares for basic earnings per common share	70,939	60,496	70,593	59,768
Effect of dilutive securities (in shares)	648	1,167	822	1,217
Weighted average common shares for diluted earnings per common share	71,587	61,663	71,415	60,985
Weighted average anti-dilutive securities which are not included in the calculation of diluted earnings per common share (in shares)	119	222	85	268
Basic earnings per common share (in dollars per share)	$ 0.74	$ 0.61	$ 2.04	$ 1.80
Diluted earnings per share (in dollars per share)	$ 0.74	$ 0.60	$ 2.02	$ 1.76

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Debt (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Jul. 28, 2011
Interest income, expense and Other financing costs
Interest income	$ 165	$ 223	$ 391	$ 572
Interest expense and other financing costs, net	(4,956)	(1,212)	(12,005)	(3,042)
Total interest income, expense and other financing costs	$ (4,791)	$ (989)	$ (11,614)	$ (2,470)
Credit facility
Debt
Maximum borrowing capacity on term loans					$ 800,000
Senior revolving credit facility due July 2016
Debt
Maximum borrowing capacity on term loans					250,000
Term loan principal payments
2012					2,500
2013					7,500
2014					12,500
2015					17,500
2016					$ 210,000

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Income Taxes
Income tax provision	$ 10,649	$ 7,515	$ 32,113	$ 22,961
Effective income tax rate (as a percent)	16.50%	17.10%	18.00%	17.60%

Commitments and Contingencies (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Apr. 30, 2001 person party subsidiary	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($) subsidiary	Sep. 30, 2010 USD ($)
Future minimum lease payments under non-cancelable operating leases
2011 (3 months)		$ 5,271		$ 5,271
2012		18,484		18,484
2013		16,394		16,394
2014		15,435		15,435
2015		14,150		14,150
Thereafter		40,200		40,200
Total future minimum lease payment		109,934		109,934
Rental expenses for properties and equipment		$ 4,700	$ 2,500	$ 13,200	$ 7,200
Miami Airport Litigation
Legal Matters
Number of defendants (in persons) \| person	17
Number of Potentially Responsible Parties \| party	250
Number of subsidiaries that received a letter \| subsidiary	1
Brendan Airways Litigation
Legal Matters
Number of subsidiaries involved in dispute \| subsidiary				1
Damages sought by Brendan, plus interest and attorney's fees				$ 4,500

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2011	Dec. 31, 2010
Netting and Collateral
Fair value measurement, additional disclosure
Amount recognized for the obligation to return cash collateral	$ 1,000
Amount recognized for the right to reclaim cash collateral	6,100
Fair value measured on recurring basis \| Level 1
Assets:
Total assets	28,889	$ 785
Liabilities:
Total liabilities	30,144	2,226
Fair value measured on recurring basis \| Level 1 \| Cash equivalents
Assets:
Total assets		32
Fair value measured on recurring basis \| Level 1 \| Commodity contracts
Assets:
Total assets	28,889	753
Liabilities:
Total liabilities	30,144	2,226
Fair value measured on recurring basis \| Level 2
Assets:
Total assets	85,404	17,915
Liabilities:
Total liabilities	72,975	15,861
Fair value measured on recurring basis \| Level 2 \| Commodity contracts
Assets:
Total assets	81,682	14,139
Liabilities:
Total liabilities	70,796	14,926
Fair value measured on recurring basis \| Level 2 \| Foreign currency contracts
Assets:
Total assets	4,096	461
Liabilities:
Total liabilities	1,191	574
Fair value measured on recurring basis \| Level 2 \| Hedged item inventories
Assets:
Total assets	(3,864)	2,518
Liabilities:
Total liabilities		361
Fair value measured on recurring basis \| Level 2 \| Hedged item commitments
Assets:
Total assets	3,490	797
Liabilities:
Total liabilities	988
Fair value measured on recurring basis \| Level 3
Assets:
Total assets		123
Liabilities:
Total liabilities	5,007	5,045
Fair value measured on recurring basis \| Level 3 \| Commodity contracts
Assets:
Total assets		123
Liabilities:
Total liabilities		33
Fair value measured on recurring basis \| Level 3 \| Earn-out
Liabilities:
Total liabilities	5,007	5,012
Fair value measured on recurring basis \| Sub-Total
Assets:
Total assets	114,293	18,823
Liabilities:
Total liabilities	108,126	23,132
Fair value measured on recurring basis \| Sub-Total \| Cash equivalents
Assets:
Total assets		32
Fair value measured on recurring basis \| Sub-Total \| Commodity contracts
Assets:
Total assets	110,571	15,015
Liabilities:
Total liabilities	100,940	17,185
Fair value measured on recurring basis \| Sub-Total \| Foreign currency contracts
Assets:
Total assets	4,096	461
Liabilities:
Total liabilities	1,191	574
Fair value measured on recurring basis \| Sub-Total \| Hedged item inventories
Assets:
Total assets	(3,864)	2,518
Liabilities:
Total liabilities		361
Fair value measured on recurring basis \| Sub-Total \| Hedged item commitments
Assets:
Total assets	3,490	797
Liabilities:
Total liabilities	988
Fair value measured on recurring basis \| Sub-Total \| Earn-out
Liabilities:
Total liabilities	5,007	5,012
Fair value measured on recurring basis \| Netting and Collateral
Assets:
Total assets	(91,118)	(7,542)
Liabilities:
Total liabilities	(96,288)	(8,933)
Fair value measured on recurring basis \| Netting and Collateral \| Commodity contracts
Assets:
Total assets	(89,894)	(7,000)
Liabilities:
Total liabilities	(95,064)	(8,391)
Fair value measured on recurring basis \| Netting and Collateral \| Foreign currency contracts
Assets:
Total assets	(920)	(277)
Liabilities:
Total liabilities	(920)	(277)
Fair value measured on recurring basis \| Netting and Collateral \| Hedged item inventories
Liabilities:
Total liabilities		(265)
Fair value measured on recurring basis \| Netting and Collateral \| Hedged item commitments
Assets:
Total assets	(304)	(265)
Liabilities:
Total liabilities	(304)
Fair value measured on recurring basis \| Total
Assets:
Total assets	23,175	11,281
Liabilities:
Total liabilities	11,838	14,199
Fair value measured on recurring basis \| Total \| Cash equivalents
Assets:
Total assets		32
Fair value measured on recurring basis \| Total \| Commodity contracts
Assets:
Total assets	20,677	8,015
Liabilities:
Total liabilities	5,876	8,794
Fair value measured on recurring basis \| Total \| Foreign currency contracts
Assets:
Total assets	3,176	184
Liabilities:
Total liabilities	271	297
Fair value measured on recurring basis \| Total \| Hedged item inventories
Assets:
Total assets	(3,864)	2,518
Liabilities:
Total liabilities		96
Fair value measured on recurring basis \| Total \| Hedged item commitments
Assets:
Total assets	3,186	532
Liabilities:
Total liabilities	684
Fair value measured on recurring basis \| Total \| Earn-out
Liabilities:
Total liabilities	$ 5,007	$ 5,012

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Balance, Beginning of Period, Assets (Liabilities)	$ (5,156)	$ (6,225)	$ (4,922)	$ (6,882)
Realized and Unrealized Gains Included in Earnings	149	252	5	755
Settlements			(90)	154
Balance, End of Period	(5,007)	(5,973)	(5,007)	(5,973)
Change in Unrealized Gains Relating to Instruments Still Held at end of Period	149	252	5	755
Commodity contracts
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Balance, Beginning of Period, Assets (Liabilities)			90	(2)
Settlements			(90)	2
Foreign currency contracts
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Balance, Beginning of Period, Assets (Liabilities)				(152)
Settlements				152
Earn-out
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Balance, Beginning of Period, Assets (Liabilities)	(5,156)	(6,225)	(5,012)	(6,728)
Realized and Unrealized Gains Included in Earnings	149	252	5	755
Balance, End of Period	(5,007)	(5,973)	(5,007)	(5,973)
Change in Unrealized Gains Relating to Instruments Still Held at end of Period	$ 149	$ 252	$ 5	$ 755

Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
Business Segments (Details) $ in Thousands	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($) segment	Sep. 30, 2010 USD ($)
Business Segments
Number of reportable operating business segments \| segment			3
Revenue:
Total revenue	$ 9,510,792	$ 4,987,074	$ 25,298,907	$ 13,302,370
Gross profit:
Gross profit	170,847	112,107	472,717	318,494
Income from operations:
Income from operations	70,925	45,087	192,553	132,276
Operating Segments
Income from operations:
Income from operations	84,780	55,465	228,381	158,968
Aviation segment
Revenue:
Total revenue	3,540,503	1,857,154	9,551,924	5,007,920
Gross profit:
Gross profit	83,966	55,829	236,121	157,091
Income from operations:
Income from operations	41,228	31,564	117,022	86,959
Marine segment
Revenue:
Total revenue	4,045,176	2,356,093	10,577,578	6,731,356
Gross profit:
Gross profit	50,069	41,194	140,958	123,787
Income from operations:
Income from operations	24,899	20,667	68,017	64,647
Land segment
Revenue:
Total revenue	1,925,113	773,827	5,169,405	1,563,094
Gross profit:
Gross profit	36,812	15,084	95,638	37,616
Income from operations:
Income from operations	18,653	3,234	43,342	7,362
Corporate
Income from operations:
Corporate overhead	$ 13,855	$ 10,378	$ 35,828	$ 26,692

Business Segments (Details 2) - USD ($) $ in Thousands	Sep. 30, 2011	Dec. 31, 2010
Accounts receivable, net:
Accounts receivable, net	$ 2,166,712	$ 1,386,700
Total assets:
Total assets	3,616,896	2,566,450
Aviation segment
Accounts receivable, net:
Accounts receivable, net	610,569	420,788
Net of allowance for bad debt	9,765	7,363
Total assets:
Total assets	1,191,791	740,563
Marine segment
Accounts receivable, net:
Accounts receivable, net	1,196,741	761,629
Net of allowance for bad debt	8,850	7,761
Total assets:
Total assets	1,528,468	1,000,042
Land segment
Accounts receivable, net:
Accounts receivable, net	359,402	204,283
Net of allowance for bad debt	6,310	5,077
Total assets:
Total assets	756,037	524,592
Corporate
Total assets:
Total assets	$ 140,600	$ 301,253

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2011	Oct. 25, 2011
Document and Entity Information
Entity Registrant Name	WORLD FUEL SERVICES CORP
Entity Central Index Key	0000789460
Document Type	10-Q
Document Period End Date	Sep. 30, 2011
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		71,143,000
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3