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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2013	Oct. 24, 2013
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, 2013
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		72,261,000
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 333,223	$ 172,740
Accounts receivable, net	2,514,683	2,193,866
Inventories	614,293	572,313
Prepaid expenses	111,853	158,909
Other current assets	201,737	183,549
Total current assets	3,775,789	3,281,377
Property and equipment, net	153,013	112,525
Goodwill	477,258	470,506
Identifiable intangible and other non-current assets	250,340	243,343
Total assets	4,656,400	4,107,751
Current liabilities:
Short-term debt	28,642	26,065
Accounts payable	2,154,129	1,814,794
Accrued expenses and other current liabilities	302,875	308,439
Total current liabilities	2,485,646	2,149,298
Long-term debt	430,003	354,253
Non-current income tax liabilities, net	63,651	50,879
Other long-term liabilities	14,844	11,697
Total liabilities	2,994,144	2,566,127
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, 72,277 and 72,147 issued and outstanding as of September 30, 2013 and December 31, 2012, respectively	723	721
Capital in excess of par value	506,005	517,589
Retained earnings	1,158,082	1,014,882
Accumulated other comprehensive loss	(25,078)	(16,018)
Total World Fuel shareholders' equity	1,639,732	1,517,174
Noncontrolling interest equity	22,524	24,450
Total equity	1,662,256	1,541,624
Total liabilities and equity	$ 4,656,400	$ 4,107,751

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2013	Dec. 31, 2012
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	72,277	72,147
Common stock, shares outstanding	72,277	72,147

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

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Income and Comprehensive Income
Cash flow hedges, income taxes	$ 2	$ 27	$ 25	$ 27

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	World Fuel Shareholders' Equity	Noncontrolling Interest Equity
Balance at Dec. 31, 2011	$ 1,346,718	$ 712	$ 502,551	$ 836,222	$ (6,524)	$ 1,332,961	$ 13,757
Balance (in shares) at Dec. 31, 2011		71,154
Increase (Decrease) in Shareholders' Equity
Net income	156,326			146,509		146,509	9,817
Cash dividends declared	(8,019)			(8,019)		(8,019)
Distribution of noncontrolling interest	(1,322)						(1,322)
Amortization of share-based payment awards	9,800		9,800			9,800
Issuance of common stock related to share-based payment awards, including income tax benefit of $2,692 and $1,519 for the nine months ended September 30, 2013 and 2012 respectively	4,248	$ 9	4,239			4,248
Issuance of common stock related to share-based payment awards (in shares)		967
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(4,730)		(4,730)			(4,730)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)		(34)
Other comprehensive loss	(8,731)				(8,731)	(8,731)
Balance at Sep. 30, 2012	1,494,290	$ 721	511,860	974,712	(15,255)	1,472,038	22,252
Balance (in shares) at Sep. 30, 2012		72,087
Balance at Dec. 31, 2012	$ 1,541,624	$ 721	517,589	1,014,882	(16,018)	1,517,174	24,450
Balance (in shares) at Dec. 31, 2012	72,147	72,147
Increase (Decrease) in Shareholders' Equity
Net income	$ 153,765			151,213		151,213	2,552
Cash dividends declared	(8,013)			(8,013)		(8,013)
Investment by noncontrolling interest	10,019						10,019
Distribution of noncontrolling interest	(14,497)						(14,497)
Amortization of share-based payment awards	12,371		12,371			12,371
Issuance of common stock related to share-based payment awards, including income tax benefit of $2,692 and $1,519 for the nine months ended September 30, 2013 and 2012 respectively	2,692	$ 7	2,685			2,692
Issuance of common stock related to share-based payment awards (in shares)		681
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(6,645)		(6,645)			(6,645)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (in shares)		(15)
Purchases of common stock	(20,000)	$ (5)	(19,995)			(20,000)
Purchases of common stock (in shares)		(536)
Other comprehensive loss	(9,060)				(9,060)	(9,060)
Balance at Sep. 30, 2013	$ 1,662,256	$ 723	$ 506,005	$ 1,158,082	$ (25,078)	$ 1,639,732	$ 22,524
Balance (in shares) at Sep. 30, 2013	72,277	72,277

Consolidated Statements of Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Shareholders' Equity
Issuance of common stock related to share-based payment awards, income tax benefit	$ 2,692	$ 1,519

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income including noncontrolling interest	$ 153,765	$ 156,326
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:
Depreciation and amortization	32,812	26,800
Provision for bad debt	5,675	4,413
Share-based payment award compensation costs	12,578	10,341
Deferred income tax (benefit) provision	(113)	4,724
Extinguishment of liabilities	(4,918)	(9,956)
Foreign currency losses (gains), net	2,427	(3,644)
Other	2,142	1,391
Changes in assets and liabilities, net of acquisitions:
Accounts receivable, net	(294,271)	(173,120)
Inventories	(40,192)	(110,578)
Prepaid expenses	40,532	(126,750)
Other current assets	(28,563)	(18,465)
Cash collateral with financial counterparties	19,793	6,941
Other non-current assets	(7,455)	2,360
Accounts payable	316,003	247,514
Accrued expenses and other current liabilities	837	30,664
Non-current income tax, net and other long-term liabilities	2,695	(690)
Total adjustments	59,982	(108,055)
Net cash provided by operating activities	213,747	48,271
Cash flows from investing activities:
Acquisitions and other investments, net of cash acquired	(40,412)	(71,337)
Capital expenditures	(50,286)	(18,737)
Purchase of short-term investments	(21,588)
Proceeds from the sale of short-term investments	21,588
Issuance of notes receivable	(469)	(787)
Repayment of notes receivable		401
Net cash used in investing activities	(91,167)	(90,460)
Cash flows from financing activities:
Borrowings under senior revolving credit facility and senior term loans	3,433,500	2,901,000
Repayments under senior revolving credit facility and senior term loans	(3,349,000)	(2,901,250)
Borrowings of other debt	3,393
Repayments of other debt	(12,713)	(8,306)
Dividends paid on common stock	(8,020)	(8,019)
Payment of earn-out liability		(4,304)
Investment by noncontrolling interest	10,019
Distribution of noncontrolling interest	(14,497)	(1,401)
Purchases of common stock	(20,000)
Federal and state tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based payment awards	2,692	1,519
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards	(6,645)	(4,730)
Net cash provided by (used in) financing activities	38,729	(25,491)
Effect of exchange rate changes on cash and cash equivalents	(826)	1,666
Net increase (decrease) in cash and cash equivalents	160,483	(66,014)
Cash and cash equivalents, as of beginning of period	172,740	205,415
Cash and cash equivalents, as of end of period	$ 333,223	$ 139,401

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Supplemental Schedule of Noncash Investing and Financing Activities
Cash dividends declared, but not yet paid	$ 2,700	$ 2,700
Capital expenditure accrual	2,800
Portion of equity awards granted that was previously recorded in accrued expenses and other current liabilities		2,700
Assets acquired, net of cash	54,998	140,725
Liabilities assumed	30,286	69,859
Promissory notes issued for acquisition	3,000	$ 7,200
Purchase price adjustments	$ 2,000

Significant Accounting Policies	9 Months Ended
Significant Accounting Policies	Sep. 30, 2013
Significant Accounting Policies
Significant Accounting Policies	1. 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 2012 10-K Report. Basis of Consolidation The accompanying consolidated financial statements and related notes include the accounts of our wholly-owned and majority-owned subsidiaries and joint ventures where we exercise operational control or have a primary benefit of its profits. All significant intercompany accounts, transactions and profits are eliminated upon consolidation. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period’s presentation. Goodwill During the first nine months of 2013, we recorded goodwill of $9.6 million in our land segment in connection with two acquisitions completed during the period, which were not material individually or in the aggregate. In addition, based on our ongoing fair value assessment of certain of our 2012 acquisitions, we recorded a $2.0 million reduction in goodwill within our land segment principally due to a $3.3 million increase in identifiable intangible assets, partially offset by a $0.9 million decrease in other acquired assets and a $0.4 million increase in assumed liabilities. Additionally, we reclassified $6.5 million in goodwill from our land segment to our aviation segment. We had additional goodwill reductions of $0.5 million and $0.3 million as a result of foreign currency translation adjustments of our non-U.S. dollar functional currency subsidiaries in our marine and aviation segments, respectively. Recent Accounting Pronouncements Presentation of an Unrecognized Tax Benefit When a Net Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. In July 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update (“ASU”) on the presentation of an unrecognized tax benefit when a net operating loss carryforward exists. Under this guidance, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward. This update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are currently evaluating whether the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. In July 2013, the FASB issued an ASU which includes amendments permitting the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to U.S. Government and London Interbank Offered Rate. The amendments also remove the restriction on using different benchmark rates for similar hedges. This update is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures. Foreign Currency Matters Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Foreign Subsidiaries. In March 2013, the FASB issued an ASU aimed at resolving the diversity in practice of accounting for the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. In addition, the amendments in this ASU resolve the diversity in practice for the treatment of business combinations achieved in stages (sometimes also referred to as step acquisitions) involving a foreign entity. This update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Disclosure Obligations Resulting from Joint and Several Liability Arrangements. In February 2013, the FASB issued an ASU clarifying the guidance for the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. This update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and will be applied retrospectively. We do not believe the adoption of this new guidance will have a significant impact on our consolidated financial statements and disclosures. Disclosure Relating to Amounts Reclassified Out of Accumulated Other Comprehensive Income. In February 2013, the FASB issued an ASU amending the information that companies will be required to present relating to reclassifications out of accumulated other comprehensive income. The amendments require presentation, either on the face of the financial statements or in the notes, of amounts reclassified out of accumulated other comprehensive income by component and by net income line item. This update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012. The adoption of this ASU resulted in additional derivative disclosures included in Note 2 - Derivatives and did not have a significant impact on our consolidated financial statements. Disclosure About Offsetting Assets and Liabilities. In December 2011, the FASB issued an ASU which requires companies to disclose information about financial instruments that have been offset and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. Companies will be required to provide both net (offset amounts) and gross information in the notes to the financial statements for relevant assets and liabilities that are offset. In January 2013, the FASB issued an ASU clarifying that the requirement to disclose information about financial instruments that have been offset and related arrangements applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and lending transactions that are either offset in accordance with specific criteria contained in the FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. This update became effective at the beginning of our 2013 fiscal year. The adoption of this ASU did not have a significant impact on our consolidated financial statements and disclosures. Consolidated Statement of Cash Flows for the Six Months ended June 30, 2013 We identified an incorrect cash flow presentation of $17.7 million related to an acquisition payment that was classified as an operating activity versus an investing activity in the consolidated statement of cash flows for the six months ended June 30, 2013. We assessed the materiality of this incorrect presentation and concluded it was not material. As prior period financial information is presented in future SEC filings, we will modify the presentation of the consolidated statement of cash flows to include this revision.

Derivatives

9 Months Ended

Sep. 30, 2013

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 related to fuel products 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 or futures as well as certain fixed price purchase and sale contracts and proprietary trading. In addition, non-designated derivatives are also entered into to hedge the risk of currency rate fluctuations.

As of September 30, 2013, our derivative instruments, at their respective fair value positions were as follows (in thousands, except weighted average fixed price and weighted average mark-to-market amount):

Hedge Strategy	Settlement Period	Derivative Instrument	Notional	Unit	Weighted Average Fixed Price		Weighted Average Mark-to-Market Amount			Fair Value Amount

Cash Flow Hedge	2013	Foreign currency contracts (long)	333	EUR	$	1.24	$	0.11		$	38

Fair Value Hedge	2013	Commodity contracts for inventory hedging (long)	322	BBL	$	112.71	$	(0.78	)	$	(252	)
	2013	Commodity contracts for inventory hedging (short)	2,293	BBL	118.61		2.56			5,879
	2014	Commodity contracts for inventory hedging (short)	12	BBL	115.93		6.50			78
										$	5,705

Non-Designated	2013	Commodity contracts (long)	20,078	BBL	$	72.44	$	0.15		$	2,967
	2013	Commodity contracts (short)	16,540	BBL	89.59		0.23			3,848
	2014	Commodity contracts (long)	11,275	BBL	82.69		0.02			218
	2014	Commodity contracts (short)	8,445	BBL	100.43		0.63			5,338
	2015	Commodity contracts (long)	532	BBL	118.22		3.71			1,972
	2015	Commodity contracts (short)	590	BBL	90.20		(2.97		)	(1,755		)
	2013	Foreign currency contracts (long)	1,905	AUD	0.91		0.03			48
	2013	Foreign currency contracts (short)	5,461	AUD	0.90		(0.03		)	(169		)
	2013	Foreign currency contracts (long)	2,730	BRL	2.32		(0.00		)	(6		)
	2013	Foreign currency contracts (short)	134	BRL	2.41		(0.03		)	(4		)
	2013	Foreign currency contracts (long)	15,941	CAD	1.04		0.01			169
	2013	Foreign currency contracts (short)	26,615	CAD	1.04		(0.01		)	(318		)
	2013	Foreign currency contracts (long)	813,772	CLP	506.18		(0.00		)	(4		)
	2013	Foreign currency contracts (short)	1,542,720	CLP	509.97		(0.00		)	(30		)
	2013	Foreign currency contracts (long)	34,247,444	COP	1,916.12		(0.00		)	(10		)
	2013	Foreign currency contracts (short)	28,827,902	COP	1,919.49		(0.00		)	(32		)
	2013	Foreign currency contracts (long)	17,197	DKK	5.62		0.00			76
	2013	Foreign currency contracts (long)	7,330	EUR	1.32		0.03			202
	2013	Foreign currency contracts (short)	32,293	EUR	1.32		(0.04		)	(1,334		)
	2013	Foreign currency contracts (long)	73,437	GBP	1.54		0.08			5,615
	2013	Foreign currency contracts (short)	141,332	GBP	1.55		(0.08		)	(10,989		)
	2013	Foreign currency contracts (short)	111,367	INR	60.45		0.00			70
	2013	Foreign currency contracts (long)	205,458	JPY	98.93		0.00			12
	2013	Foreign currency contracts (short)	467,248	JPY	98.88		(0.00		)	(40		)
	2013	Foreign currency contracts (long)	1,290,707	MXN	12.99		(0.00		)	(1,501		)
	2013	Foreign currency contracts (short)	1,147,876	MXN	12.96		0.00			1,335
	2013	Foreign currency contracts (long)	16,897	NOK	6.08		0.00			16
	2013	Foreign currency contracts (short)	39,031	NOK	6.02		(0.00		)	(62		)
	2013	Foreign currency contracts (long)	2,055	PLN	3.20		0.01			16
	2013	Foreign currency contracts (short)	3,127	PLN	3.28		(0.02		)	(54		)
	2013	Foreign currency contracts (short)	12,791	RON	3.38		(0.01		)	(133		)
	2013	Foreign currency contracts (long)	23,530	SGD	1.27		0.01			211
	2013	Foreign currency contracts (short)	35,063	SGD	1.27		(0.01		)	(284		)
	2013	Foreign currency contracts (long)	33,118	ZAR	10.05		0.00			37
	2013	Foreign currency contracts (short)	93,162	ZAR	10.05		(0.00		)	(59		)
	2014	Foreign currency contracts (short)	1,391	CAD	1.03		0.00			1
	2014	Foreign currency contracts (long)	4,146	DKK	5.51		(0.00		)	(1		)
	2014	Foreign currency contracts (short)	94	EUR	1.35		(0.01		)	(1		)
	2014	Foreign currency contracts (long)	1,750	GBP	1.58		0.06			104
	2014	Foreign currency contracts (short)	14,240	GBP	1.56		(0.06		)	(856		)
	2014	Foreign currency contracts (long)	88,534	JPY	98.16		0.00			1
	2014	Foreign currency contracts (short)	1,384	NOK	6.05		(0.00		)	(1		)
	2014	Foreign currency contracts (long)	5,434	SGD	1.25		(0.00		)	(3		)
	2014	Foreign currency contracts (short)	13,570	ZAR	10.22		(0.00		)	(7		)
	2015	Foreign currency contracts (short)	2,500	GBP	1.59		(0.02		)	(52		)
										$	4,551

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

		As of
		September 30,		December 31,
	Balance Sheet Location	2013		2012
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	6,345	$	991
Foreign currency contracts	Accrued expenses and other current liabilities	38		148
		6,383		1,139
Derivatives not designated as hedging instruments
Commodity contracts	Other current assets	59,536		67,533
Commodity contracts	Identifiable intangible and other non-current assets	4,022		1,423
Commodity contracts	Accrued expenses and other current liabilities	4,385		5,776
Commodity contracts	Other long-term liabilities	1,106		46
Foreign currency contracts	Other current assets	4,564		741
Foreign currency contracts	Accrued expenses and other current liabilities	3,954		1,545
		77,567		77,064
		$	83,950	$	78,203

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	572	$	2,284
Commodity contracts	Accrued expenses and other current liabilities	68		—
		640		2,284
Derivatives not designated as hedging instruments
Commodity contracts	Other current assets	34,828		41,410
Commodity contracts	Identifiable intangible and other non-current assets	2,222		47
Commodity contracts	Accrued expenses and other current liabilities	17,843		20,927
Commodity contracts	Other long-term liabilities	1,568		1,034
Foreign currency contracts	Other current assets	3,990		595
Foreign currency contracts	Accrued expenses and other current liabilities	12,477		3,151
Foreign currency contracts	Other long-term liabilities	88		99
		73,016		67,263
		$	73,656	$	69,547

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 and comprehensive income (in thousands):

		Realized and Unrealized Gain (Loss)								Realized and Unrealized Gain (Loss)
Derivative Instruments	Location	2013			2012			Hedged Items	Location	2013			2012

Three months ended September 30,
Commodity contracts	Cost of revenue	$	(12,032	)	$	(38,337	)	Inventories	Cost of revenue	$	10,937		$	44,615

Nine months ended September 30,
Commodity contracts	Revenue	$	—		$	265		Firm commitments	Revenue	$	—		$	(201	)
Commodity contracts	Cost of revenue	—			(1,417		)	Firm commitments	Cost of revenue	—			739
Commodity contracts	Cost of revenue	7,593			(28,144		)	Inventories	Cost of revenue	(7,224		)	41,196
		$	7,593		$	(29,296	)			$	(7,224	)	$	41,734

There were no gains or losses for the three and nine months ended September 30, 2013 and 2012 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 and comprehensive income (in thousands):

	Amount of Gain					Amount of Gain
	Recognized in Accumulated					Reclassified from Accumulated
	Other Comprehensive Income				Location of	Other Comprehensive Income
	(Effective Portion)				Realized Gain	(Effective Portion)
Derivative Instruments	2013		2012		(Effective Portion)	2013		2012

Three months ended September 30,
Foreign currency contracts	$	33	$	127	Other (expense) income, net	$	47	$	13

Nine months ended September 30,
Foreign currency contracts	$	9	$	127	Other (expense) income, net	$	119	$	13

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 are reclassified to the consolidated statements of income and comprehensive income. As of September 30, 2013, the maximum amount that could be reclassified to the consolidated statements of income and comprehensive income for the next twelve months is not significant.

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 and comprehensive income (in thousands):

		Realized and Unrealized
		Gain (Loss)
Derivatives	Location	2013			2012

Three months ended September 30,

Commodity contracts	Revenue	$	6,589		$	30,928
Commodity contracts	Cost of revenue	(521		)	(29,272		)
Foreign currency contracts	Revenue	(1,992		)	(1,392		)
Foreign currency contracts	Other (expense) income, net	(6,105		)	(785		)
		$	(2,029	)	$	(521	)

Nine months ended September 30,

Commodity contracts	Revenue	$	26,096		$	14,156
Commodity contracts	Cost of revenue	893			298
Foreign currency contracts	Revenue	748			(2,120		)
Foreign currency contracts	Other (expense) income, net	(2,263		)	(1,469		)
		$	25,474		$	10,865

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 is not significant as of September 30, 2013.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Property and Equipment

9 Months Ended

Sep. 30, 2013

Property and Equipment

Property and Equipment

3. Property and Equipment

The amount of property and equipment is as follows (in thousands):

	As of
	September 30,		December 31,
	2013		2012
Land	$	4,653	$	4,653
Buildings and leasehold improvements	47,731		21,081
Office equipment, furniture and fixtures	12,878		8,415
Computer equipment and software costs	84,665		80,233
Machinery, equipment and vehicles	83,640		66,122
	233,567		180,504
Accumulated depreciation and amortization	80,554		67,979
	$	153,013	$	112,525

Shareholders' Equity

9 Months Ended

Sep. 30, 2013

Shareholders' Equity

Shareholders' Equity

4. Shareholders’ Equity

Stock Repurchase Programs

In October 2008, our Board of Directors authorized a $50.0 million common stock repurchase program. During the three months ended September 30, 2013, we repurchased 536 thousand shares of our common stock for an aggregate value of $20.0 million. The remaining amount available under our common stock repurchase program is $30.0 million.

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

Our other comprehensive income (loss), consisting of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and cash flow hedges, was as follows (in thousands):

	Foreign						Accumulated
	Currency						Other
	Translation			Cash			Comprehensive
	Adjustments			Flow Hedges			Loss

Balance as of December 31, 2012	$	(16,130	)	$	112		$	(16,018	)
Other comprehensive loss	(8,975		)	(85		)	(9,060		)
Balance as of September 30, 2013	$	(25,105	)	$	27		$	(25,078	)

The foreign currency translation adjustment losses for the nine months ended September 30, 2013 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real.

Additional information relating to our cash flow hedges for the periods presented is included in Note 2 - Derivatives.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Subparagraph (SX 210.4-08.(d),(e))
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-Glossary Preferred Stock
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-Number 210
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-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Section 04
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+ Details

Debt

9 Months Ended

Sep. 30, 2013

Debt

Debt

5. Debt

On October 10, 2013, we amended our senior revolving credit facility (“Credit Facility”) to, among other things, increase the maximum availability under the Credit Facility from $800.0 million to $1.1 billion, increase the sublimit for the issuance of letters of credit and banker’s acceptances from $300.0 million to $400.0 million and extend the maturity date to October 2018. Under the Credit Facility, we have the right to request increases in available borrowings up to an additional $150.0 million, subject to the satisfaction of certain conditions. Additionally, we extended the maturity of our existing $242.5 million senior term loans (“Term Loans”) to October 2018.

Our debt consisted of the following (in thousands):

	As of
	September 30,		December 31,
	2013		2012
Credit Facility	$	190,000	$	100,500
Term Loans	242,500		247,500
Acquisition promissory notes	18,070		25,878
Other	8,075		6,440
Total debt	458,645		380,318
Current maturities of long-term debt	28,642		26,065
Long term-debt	$	430,003	$	354,253

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

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2013			2012			2013			2012

Interest income	$	1,432		$	256		$	2,357		$	781
Interest expense and other financing costs	(6,012		)	(4,561		)	(15,175		)	(15,184		)
	$	(4,580	)	$	(4,305	)	$	(12,818	)	$	(14,403	)

Income Taxes

9 Months Ended

Sep. 30, 2013

Income Taxes

Income Taxes

6. Income Taxes

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

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2013			2012			2013			2012

Income tax provision	$	8,191		$	14,683		$	32,090		$	33,249

Effective income tax rate	14.0		%	21.7		%	17.3		%	17.5		%

Our provision for income taxes for each of the three-month and nine-month periods ended September 30, 2013 and 2012 were calculated based on the estimated annual effective income tax rate for the full 2013 and 2012 fiscal years. The provision for income taxes for the three and nine months ended September 30, 2013 includes an adjustment for an income tax benefit of $1.4 million for a discrete item related to a lapse in the statute of limitations. The provision for income taxes for the nine months ended September 30, 2012 includes an adjustment for an income tax benefit of $3.3 million for a discrete item related to a change in estimate in an uncertain income tax position. The actual effective income tax rate for the full 2013 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.

Earnings per Common Share

9 Months Ended

Sep. 30, 2013

Earnings per Common Share

Earnings per Common Share

7. 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,
	2013		2012		2013		2012

Numerator:
Net income attributable to World Fuel	$	51,472	$	51,494	$	151,213	$	146,509

Denominator:
Weighted average common shares for basic earnings per common share	71,371		71,216		71,387		71,128
Effect of dilutive securities	506		600		583		663
Weighted average common shares for diluted earnings per common share	71,877		71,816		71,970		71,791

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met	457		452		455		307

Basic earnings per common share	$	0.72	$	0.72	$	2.12	$	2.06

Diluted earnings per common share	$	0.72	$	0.72	$	2.10	$	2.04

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2013
Commitments and Contingencies
Commitments and Contingencies	8. Commitments and Contingencies Legal Matters Lac-Mégantic, Quebec We, on behalf of DPTS Marketing LLC (“DPM”), a crude oil marketing joint venture in which we own a 50% membership interest, purchased crude oil from various producers in the Bakken region of North Dakota. Dakota Petroleum Transport Solutions, LLC (“DPTS”), a crude oil transloading joint venture in which we also own a 50% membership interest, arranged for the transloading of the crude oil for DPM into tank cars at the joint venture’s facility in New Town, North Dakota. We leased the tank cars used in the transloading from a number of third party lessors and subleased these tank cars to DPM. We, on behalf of DPM, contracted with Canadian Pacific Railway (“CPR”) for the transportation of the tank cars and the crude oil from New Town, North Dakota to a customer in New Brunswick, Canada. CPR subcontracted a portion of that route to Montreal, Maine and Atlantic Railway (“MMA”). On July 6, 2013, the freight train operated by MMA with 72 tank cars carrying approximately 50,000 barrels of the crude oil derailed in Lac-Mégantic, Quebec. The derailment resulted in significant loss of life, damage to the environment from spilled crude oil and extensive property damage. In July and August 2013, we, certain of our subsidiaries, DPM and DPTS, along with a number of third parties, including MMA and certain of its affiliates, as well as several manufacturers and lessors of tank cars, were named as defendants in twenty complaints filed in Illinois. The complaints generally allege wrongful death and negligence in the failure to provide for the proper and safe transportation of crude oil and seek economic and compensatory damages, as well as costs. In addition, in July and August 2013, we and certain of our subsidiaries, along with a number of other third parties, including CPR, MMA and certain of its affiliates, as well as several manufacturers and lessors of tank cars, were named as defendants in a motion filed in Quebec Superior Court to authorize the bringing of a class-action lawsuit seeking economic, compensatory and punitive damages, as well as costs. The motion generally alleges wrongful death and negligence in the failure to provide for the proper and safe transportation of crude oil. Furthermore, in July 2013, an order was issued by the government of Quebec against MMA and us, which was modified in August 2013 to add CPR as a party, requiring MMA, CPR and us to recover the spilled crude oil caused by the incident and to otherwise fully remediate the impact of the incident on the environment. We have filed a contestation of the order and the modified order before the Tribunal administratif du Québec, an administrative body responsible for hearing such proceedings, challenging the legality and validity of the orders on various grounds. In addition to these proceedings, we have received demands for indemnification from certain tank car lessors pursuant to our lease agreements with such parties. We are currently assessing the merits of these demands as well as of the underlying claims for which such indemnification is sought. Additional claims, lawsuits, proceedings, investigations and orders may be filed, commenced or issued with respect to the incident, which may involve civil claims for damages or governmental investigative, regulatory or enforcement actions against us. While we and our joint ventures, DPM and DPTS, maintain insurance to mitigate the costs of environmental releases as well as other results of unexpected events, including loss of life, property damage and defense costs, there can be no guarantee that our insurance will be adequate to cover all liabilities that may be incurred as a result of this incident. We are separately evaluating potential claims that we, DPM or DPTS may assert against third parties to recover costs and other liabilities that may be incurred as a result of this incident. We can provide no guarantee that any such claims, if brought by us, will be successful or, if successful, that the responsible parties will have the financial resources to address any such claims. We are currently unable to determine the probability of loss, or reasonably estimate a range of potential losses related to the above proceedings. Accordingly, we have not made any provision for these potential losses in our consolidated financial statements. As of September 30, 2013, we have recorded liabilities of $14.2 million in accrued expenses and other current liabilities in the accompanying consolidated balance sheets based on estimated losses related to the value of the tank cars involved in the incident, as well as legal costs incurred in connection with the incident, which we believe are probable and for which a reasonable estimate can be made. We believe that a substantial portion of this liability is covered by insurance and have recognized a receivable of $13.4 million, recorded in other current assets, in the accompanying consolidated balance sheets. Cathay Pacific Litigation Since April 2012, one of our subsidiaries, World Fuel Services (Singapore) Pte Ltd. (“WFSS”) has been involved in litigation with Cathay Pacific Airways Limited (“Cathay”) arising out of the emergency landing of a Cathay aircraft in Hong Kong in 2010, which Cathay alleges was caused by contaminated fuel supplied by WFSS. Cathay claims damages relating to the incident of approximately $34.0 million. As of September 30, 2013, we have recorded a current liability for the estimated loss with an offsetting receivable from insurance in the accompanying consolidated balance sheets, which amounts were not significant. Other Matters We are a party to various claims, complaints and proceedings arising in the ordinary course of our business including, but not limited to, environmental claims, commercial and governmental contract claims, such as property damage, demurrage, billing and fuel quality claims, as well as bankruptcy preference claims. We have established loss provisions for these ordinary course claims as well as other matters in which losses are probable and can be reasonably estimated. As of September 30, 2013, we had recorded certain reserves which were not significant. For those matters where a reserve has not been established and for which we believe a loss is reasonably possible, as well as for matters where a reserve has been recorded but for which an exposure to loss in excess of the amount accrued is reasonably possible, we believe that such losses will not have a material adverse effect on our consolidated financial statements. However, any adverse resolution of one or more such claims, complaints or proceedings during a particular period could have a material adverse effect on our results of operations or cash flow for that period. Our estimates regarding potential losses and materiality are based on our judgment and assessment of the claims utilizing currently available information. Although we will continue to reassess our reserves and estimates based on future developments, our objective assessment of the legal merits of such claims may not always be predictive of the outcome and actual results may vary from our current estimates. Other Contingencies On June 7, 2013, STX Pan OceanCo. Ltd (“STX Pan Ocean”), one of our customers in our marine segment, filed for bankruptcy protection in Korea which was subsequently recognized in the United States on July 12, 2013. On August 22, 2013, we agreed with STX Pan Ocean and its parent company, STX Corporation (“STX Corp”) to allow the assignment of all of the outstanding receivables owing from STX Corp to STX Pan Ocean. Concurrently, we entered into a settlement agreement with STX Pan Ocean whereby it agreed to repay the outstanding balance of $20.8 million through a lump sum payment of $3.2 million, with the remaining balance to be paid over the next year.

Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

Fair Value Measurements

9. Fair Value Measurements

The carrying amounts of cash and cash equivalents, accounts receivable, net, accounts payable and accrued expenses and other current liabilities approximate fair value based on the short-term maturities of these instruments. We believe the carrying values of our debt and notes receivable approximate fair value since these instruments bear interest either at variable rates or fixed rates which are not significantly different than market rates. Based on the fair value hierarchy, our debt of $458.6 million and $380.3 million as of September 30, 2013 and December 31, 2012, respectively, and our notes receivable of $9.5 million and $12.7 million as of September 30, 2013 and December 31, 2012, respectively, are categorized in Level 3.

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

	Level 1		Level 2		Level 3		Sub-Total		Netting and Collateral			Total
As of September 30, 2013
Assets:
Commodity contracts	$	30,913	$	44,481	$	—	$	75,394	$	(43,448	)	$	31,946
Foreign currency contracts	—		8,556		—		8,556		(7,982		)	574
Total	$	30,913	$	53,037	$	—	$	83,950	$	(51,430	)	$	32,520
Liabilities:
Commodity contracts	$	14,141	$	42,960	$	—	$	57,101	$	(43,113	)	$	13,988
Foreign currency contracts	—		16,555		—		16,555		(7,982		)	8,573
Inventories	—		6,952		—		6,952		—			6,952
Total	$	14,141	$	66,467	$	—	$	80,608	$	(51,095	)	$	29,513

As of December 31, 2012
Assets:
Commodity contracts	$	18,087	$	57,682	$	—	$	75,769	$	(56,115	)	$	19,654
Foreign currency contracts	—		2,434		—		2,434		(2,289		)	145
Inventories	—		818		—		818		(525		)	293
Total	$	18,087	$	60,934	$	—	$	79,021	$	(58,929	)	$	20,092
Liabilities:
Commodity contracts	$	20,970	$	44,732	$	—	$	65,702	$	(49,562	)	$	16,140
Foreign currency contracts	—		3,845		—		3,845		(2,289		)	1,556
Inventories	—		525		—		525		(525		)	—
Total	$	20,970	$	49,102	$	—	$	70,072	$	(52,376	)	$	17,696

The following table presents information regarding the balance sheet location of our commodity and foreign currency contracts net assets and liabilities (in thousands):

	As of
	September 30, 2013		December 31, 2012
Commodity Contracts
Assets:
Other current assets	$	30,146	$	18,277
Identifiable intangible and other non-current assets	1,800		1,377
Total net assets	$	31,946	$	19,654

Liabilities:
Accrued expenses and other current liabilities	$	13,526	$	15,152
Other long-term liabilities	462		988
Total net liabilities	$	13,988	$	16,140

Foreign Currency Contracts
Assets:
Other current assets	$	574	$	145
Total net assets	$	574	$	145

Liabilities:
Accrued expenses and other current liabilities	$	8,485	$	1,458
Other long-term liabilities	88		98
Total net liabilities	$	8,573	$	1,556

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.

As of September 30, 2013, we had $3.1 million of cash collateral deposits held by financial counterparties included in other current assets in the accompanying consolidated balance sheets. Additionally, as of September 30, 2013, we have offset $0.3 million of cash collateral received from customers against the total amount of commodity fair value assets in the above table. As of December 31, 2012, we had $22.9 million of cash collateral deposits held by financial counterparties included in other current assets in the accompanying consolidated balance sheets. Additionally, as of December 31, 2012, we had offset $6.6 million of cash collateral received from customers against the total amount of commodity fair value assets in the above table.

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):

	Beginning of Period		Total Gains (Losses) Included in Earnings			Settlements		End of Period		Change in Unrealized Gains Relating to Assets that are Held at end of Period		Location of Total Gains Included in Earnings

Three months ended September 30, 2013
Liabilities:
Commodity contracts	$	89	$	69		$	20	$	—	$	—	Cost of revenue

Three months ended September 30, 2012
Assets:
Commodity contracts	$	—	$	2,060		$	313	$	1,747	$	1,747	Revenue

Nine months ended September 30, 2013
Liabilities:
Commodity contracts	$	—	$	(20	)	$	20	$	—	$	—	Cost of revenue

Nine months ended September 30, 2012
Assets:
Commodity contracts	$	—	$	2,060		$	313	$	1,747	$	1,747	Revenue
Liabilities:
Earn-out	$	4,194	$	(110	)	$	4,304	$	—	$	—	Other (expense) income, net

There were no transfers between Level 1, 2 or 3 during the periods presented. In addition, there were no significant Level 3 settlements, purchases, sales or issuances for the periods presented.

- 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 + Details

Business Segments

9 Months Ended

Sep. 30, 2013

Business Segments

Business Segments

10. 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. Our results of operations include (i) the results of the acquisition of certain assets of CarterEnergy Corporation in our land segment commencing on September 1, 2012, its acquisition date, and (ii) the results of the acquisition of certain assets of Multi Service Corporation, primarily in our land segment, commencing on December 31, 2012, its acquisition date. 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,
	2013		2012		2013		2012
Revenue:
Aviation segment	$	4,179,018	$	3,823,338	$	11,854,676	$	10,782,756
Marine segment	3,575,777		3,630,094		11,260,025		11,301,429
Land segment	2,738,866		2,458,241		8,042,593		6,925,340
	$	10,493,661	$	9,911,673	$	31,157,294	$	29,009,525

Gross profit:
Aviation segment	$	89,758	$	84,197	$	242,783	$	218,282
Marine segment	40,223		53,960		134,237		160,785
Land segment	56,360		42,595		180,158		131,043
	$	186,341	$	180,752	$	557,178	$	510,110

Income from operations:
Aviation segment	$	41,002	$	39,808	$	109,755	$	92,601
Marine segment	17,019		27,296		56,340		82,672
Land segment	15,106		18,185		63,608		62,737
	73,127		85,289		229,703		238,010
Corporate overhead - unallocated	8,924		14,241		29,823		35,348
	$	64,203	$	71,048	$	199,880	$	202,662

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

	As of
	September 30,		December 31,
	2013		2012
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $10,304 and $8,997 as of September 30, 2013 and December 31, 2012, respectively	$	725,468	$	674,973
Marine segment, net of allowance for bad debt of $9,314 and $7,742 as of September 30, 2013 and December 31, 2012, respectively	1,186,126		1,069,833
Land segment, net of allowance for bad debt of $7,391 and $6,980 as of September 30, 2013 and December 31, 2012, respectively	603,089		449,060
	$	2,514,683	$	2,193,866

Total assets:
Aviation segment	$	1,715,578	$	1,463,423
Marine segment	1,454,056		1,330,796
Land segment	1,295,659		1,145,756
Corporate	191,107		167,776
	$	4,656,400	$	4,107,751

- 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 Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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+ Details

Derivatives (Tables)

9 Months Ended

Sep. 30, 2013

Derivatives

Schedule of fair value positions of derivative instruments

Hedge Strategy	Settlement Period	Derivative Instrument	Notional	Unit	Weighted Average Fixed Price		Weighted Average Mark-to-Market Amount			Fair Value Amount

Cash Flow Hedge	2013	Foreign currency contracts (long)	333	EUR	$	1.24	$	0.11		$	38

Fair Value Hedge	2013	Commodity contracts for inventory hedging (long)	322	BBL	$	112.71	$	(0.78	)	$	(252	)
	2013	Commodity contracts for inventory hedging (short)	2,293	BBL	118.61		2.56			5,879
	2014	Commodity contracts for inventory hedging (short)	12	BBL	115.93		6.50			78
										$	5,705

Non-Designated	2013	Commodity contracts (long)	20,078	BBL	$	72.44	$	0.15		$	2,967
	2013	Commodity contracts (short)	16,540	BBL	89.59		0.23			3,848
	2014	Commodity contracts (long)	11,275	BBL	82.69		0.02			218
	2014	Commodity contracts (short)	8,445	BBL	100.43		0.63			5,338
	2015	Commodity contracts (long)	532	BBL	118.22		3.71			1,972
	2015	Commodity contracts (short)	590	BBL	90.20		(2.97		)	(1,755		)
	2013	Foreign currency contracts (long)	1,905	AUD	0.91		0.03			48
	2013	Foreign currency contracts (short)	5,461	AUD	0.90		(0.03		)	(169		)
	2013	Foreign currency contracts (long)	2,730	BRL	2.32		(0.00		)	(6		)
	2013	Foreign currency contracts (short)	134	BRL	2.41		(0.03		)	(4		)
	2013	Foreign currency contracts (long)	15,941	CAD	1.04		0.01			169
	2013	Foreign currency contracts (short)	26,615	CAD	1.04		(0.01		)	(318		)
	2013	Foreign currency contracts (long)	813,772	CLP	506.18		(0.00		)	(4		)
	2013	Foreign currency contracts (short)	1,542,720	CLP	509.97		(0.00		)	(30		)
	2013	Foreign currency contracts (long)	34,247,444	COP	1,916.12		(0.00		)	(10		)
	2013	Foreign currency contracts (short)	28,827,902	COP	1,919.49		(0.00		)	(32		)
	2013	Foreign currency contracts (long)	17,197	DKK	5.62		0.00			76
	2013	Foreign currency contracts (long)	7,330	EUR	1.32		0.03			202
	2013	Foreign currency contracts (short)	32,293	EUR	1.32		(0.04		)	(1,334		)
	2013	Foreign currency contracts (long)	73,437	GBP	1.54		0.08			5,615
	2013	Foreign currency contracts (short)	141,332	GBP	1.55		(0.08		)	(10,989		)
	2013	Foreign currency contracts (short)	111,367	INR	60.45		0.00			70
	2013	Foreign currency contracts (long)	205,458	JPY	98.93		0.00			12
	2013	Foreign currency contracts (short)	467,248	JPY	98.88		(0.00		)	(40		)
	2013	Foreign currency contracts (long)	1,290,707	MXN	12.99		(0.00		)	(1,501		)
	2013	Foreign currency contracts (short)	1,147,876	MXN	12.96		0.00			1,335
	2013	Foreign currency contracts (long)	16,897	NOK	6.08		0.00			16
	2013	Foreign currency contracts (short)	39,031	NOK	6.02		(0.00		)	(62		)
	2013	Foreign currency contracts (long)	2,055	PLN	3.20		0.01			16
	2013	Foreign currency contracts (short)	3,127	PLN	3.28		(0.02		)	(54		)
	2013	Foreign currency contracts (short)	12,791	RON	3.38		(0.01		)	(133		)
	2013	Foreign currency contracts (long)	23,530	SGD	1.27		0.01			211
	2013	Foreign currency contracts (short)	35,063	SGD	1.27		(0.01		)	(284		)
	2013	Foreign currency contracts (long)	33,118	ZAR	10.05		0.00			37
	2013	Foreign currency contracts (short)	93,162	ZAR	10.05		(0.00		)	(59		)
	2014	Foreign currency contracts (short)	1,391	CAD	1.03		0.00			1
	2014	Foreign currency contracts (long)	4,146	DKK	5.51		(0.00		)	(1		)
	2014	Foreign currency contracts (short)	94	EUR	1.35		(0.01		)	(1		)
	2014	Foreign currency contracts (long)	1,750	GBP	1.58		0.06			104
	2014	Foreign currency contracts (short)	14,240	GBP	1.56		(0.06		)	(856		)
	2014	Foreign currency contracts (long)	88,534	JPY	98.16		0.00			1
	2014	Foreign currency contracts (short)	1,384	NOK	6.05		(0.00		)	(1		)
	2014	Foreign currency contracts (long)	5,434	SGD	1.25		(0.00		)	(3		)
	2014	Foreign currency contracts (short)	13,570	ZAR	10.22		(0.00		)	(7		)
	2015	Foreign currency contracts (short)	2,500	GBP	1.59		(0.02		)	(52		)
										$	4,551

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

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

		As of
		September 30,		December 31,
	Balance Sheet Location	2013		2012
Derivative assets:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	6,345	$	991
Foreign currency contracts	Accrued expenses and other current liabilities	38		148
		6,383		1,139
Derivatives not designated as hedging instruments
Commodity contracts	Other current assets	59,536		67,533
Commodity contracts	Identifiable intangible and other non-current assets	4,022		1,423
Commodity contracts	Accrued expenses and other current liabilities	4,385		5,776
Commodity contracts	Other long-term liabilities	1,106		46
Foreign currency contracts	Other current assets	4,564		741
Foreign currency contracts	Accrued expenses and other current liabilities	3,954		1,545
		77,567		77,064
		$	83,950	$	78,203

Derivative liabilities:
Derivatives designated as hedging instruments
Commodity contracts	Other current assets	$	572	$	2,284
Commodity contracts	Accrued expenses and other current liabilities	68		—
		640		2,284
Derivatives not designated as hedging instruments
Commodity contracts	Other current assets	34,828		41,410
Commodity contracts	Identifiable intangible and other non-current assets	2,222		47
Commodity contracts	Accrued expenses and other current liabilities	17,843		20,927
Commodity contracts	Other long-term liabilities	1,568		1,034
Foreign currency contracts	Other current assets	3,990		595
Foreign currency contracts	Accrued expenses and other current liabilities	12,477		3,151
Foreign currency contracts	Other long-term liabilities	88		99
		73,016		67,263
		$	73,656	$	69,547

Impact of derivatives designated as fair value hedges on the consolidated statements of income and comprehensive income

		Realized and Unrealized Gain (Loss)								Realized and Unrealized Gain (Loss)
Derivative Instruments	Location	2013			2012			Hedged Items	Location	2013			2012

Three months ended September 30,
Commodity contracts	Cost of revenue	$	(12,032	)	$	(38,337	)	Inventories	Cost of revenue	$	10,937		$	44,615

Nine months ended September 30,
Commodity contracts	Revenue	$	—		$	265		Firm commitments	Revenue	$	—		$	(201	)
Commodity contracts	Cost of revenue	—			(1,417		)	Firm commitments	Cost of revenue	—			739
Commodity contracts	Cost of revenue	7,593			(28,144		)	Inventories	Cost of revenue	(7,224		)	41,196
		$	7,593		$	(29,296	)			$	(7,224	)	$	41,734

Impact of derivatives designated as hedges on the accumulated other comprehensive income and consolidated statements of income and comprehensive income

	Amount of Gain					Amount of Gain
	Recognized in Accumulated					Reclassified from Accumulated
	Other Comprehensive Income				Location of	Other Comprehensive Income
	(Effective Portion)				Realized Gain	(Effective Portion)
Derivative Instruments	2013		2012		(Effective Portion)	2013		2012

Three months ended September 30,
Foreign currency contracts	$	33	$	127	Other (expense) income, net	$	47	$	13

Nine months ended September 30,
Foreign currency contracts	$	9	$	127	Other (expense) income, net	$	119	$	13

Impact of derivatives not designated as hedges on the consolidated statements of income and comprehensive income

		Realized and Unrealized
		Gain (Loss)
Derivatives	Location	2013			2012

Three months ended September 30,

Commodity contracts	Revenue	$	6,589		$	30,928
Commodity contracts	Cost of revenue	(521		)	(29,272		)
Foreign currency contracts	Revenue	(1,992		)	(1,392		)
Foreign currency contracts	Other (expense) income, net	(6,105		)	(785		)
		$	(2,029	)	$	(521	)

Nine months ended September 30,

Commodity contracts	Revenue	$	26,096		$	14,156
Commodity contracts	Cost of revenue	893			298
Foreign currency contracts	Revenue	748			(2,120		)
Foreign currency contracts	Other (expense) income, net	(2,263		)	(1,469		)
		$	25,474		$	10,865

- 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 5
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

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=7476318&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 8
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959

Reference 4: 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=7476318&loc=d3e41638-113959

Reference 5: 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=7476318&loc=SL5580258-113959

Reference 6: 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=7476318&loc=SL5579245-113959

Reference 7: 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=7476318&loc=SL5624171-113959

Reference 8: 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

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

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=7476318&loc=d3e41620-113959

Reference 11: 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=26873400&loc=d3e23780-122690

+ Details

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2013

Property and Equipment

Schedule of property and equipment

The amount of property and equipment is as follows (in thousands):

	As of
	September 30,		December 31,
	2013		2012
Land	$	4,653	$	4,653
Buildings and leasehold improvements	47,731		21,081
Office equipment, furniture and fixtures	12,878		8,415
Computer equipment and software costs	84,665		80,233
Machinery, equipment and vehicles	83,640		66,122
	233,567		180,504
Accumulated depreciation and amortization	80,554		67,979
	$	153,013	$	112,525

Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2013

Shareholders' Equity

Schedule of components of other comprehensive income (loss) and accumulated other comprehensive loss

	Foreign						Accumulated
	Currency						Other
	Translation			Cash			Comprehensive
	Adjustments			Flow Hedges			Loss

Balance as of December 31, 2012	$	(16,130	)	$	112		$	(16,018	)
Other comprehensive loss	(8,975		)	(85		)	(9,060		)
Balance as of September 30, 2013	$	(25,105	)	$	27		$	(25,078	)

Debt (Tables)

9 Months Ended

Sep. 30, 2013

Debt

Schedule of debt

Our debt consisted of the following (in thousands):

	As of
	September 30,		December 31,
	2013		2012
Credit Facility	$	190,000	$	100,500
Term Loans	242,500		247,500
Acquisition promissory notes	18,070		25,878
Other	8,075		6,440
Total debt	458,645		380,318
Current maturities of long-term debt	28,642		26,065
Long term-debt	$	430,003	$	354,253

Schedule of interest income, expense and other financing costs, net

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

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2013			2012			2013			2012

Interest income	$	1,432		$	256		$	2,357		$	781
Interest expense and other financing costs	(6,012		)	(4,561		)	(15,175		)	(15,184		)
	$	(4,580	)	$	(4,305	)	$	(12,818	)	$	(14,403	)

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2013

Income Taxes

Schedule of Income tax provision and the respective effective tax rates

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

	For the Three Months ended						For the Nine Months ended
	September 30,						September 30,
	2013			2012			2013			2012

Income tax provision	$	8,191		$	14,683		$	32,090		$	33,249

Effective income tax rate	14.0		%	21.7		%	17.3		%	17.5		%

Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings per Common Share

Computation of basic and diluted 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,
	2013		2012		2013		2012

Numerator:
Net income attributable to World Fuel	$	51,472	$	51,494	$	151,213	$	146,509

Denominator:
Weighted average common shares for basic earnings per common share	71,371		71,216		71,387		71,128
Effect of dilutive securities	506		600		583		663
Weighted average common shares for diluted earnings per common share	71,877		71,816		71,970		71,791

Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met	457		452		455		307

Basic earnings per common share	$	0.72	$	0.72	$	2.12	$	2.06

Diluted earnings per common share	$	0.72	$	0.72	$	2.10	$	2.04

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

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

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

	Level 1		Level 2		Level 3		Sub-Total		Netting and Collateral			Total
As of September 30, 2013
Assets:
Commodity contracts	$	30,913	$	44,481	$	—	$	75,394	$	(43,448	)	$	31,946
Foreign currency contracts	—		8,556		—		8,556		(7,982		)	574
Total	$	30,913	$	53,037	$	—	$	83,950	$	(51,430	)	$	32,520
Liabilities:
Commodity contracts	$	14,141	$	42,960	$	—	$	57,101	$	(43,113	)	$	13,988
Foreign currency contracts	—		16,555		—		16,555		(7,982		)	8,573
Inventories	—		6,952		—		6,952		—			6,952
Total	$	14,141	$	66,467	$	—	$	80,608	$	(51,095	)	$	29,513

As of December 31, 2012
Assets:
Commodity contracts	$	18,087	$	57,682	$	—	$	75,769	$	(56,115	)	$	19,654
Foreign currency contracts	—		2,434		—		2,434		(2,289		)	145
Inventories	—		818		—		818		(525		)	293
Total	$	18,087	$	60,934	$	—	$	79,021	$	(58,929	)	$	20,092
Liabilities:
Commodity contracts	$	20,970	$	44,732	$	—	$	65,702	$	(49,562	)	$	16,140
Foreign currency contracts	—		3,845		—		3,845		(2,289		)	1,556
Inventories	—		525		—		525		(525		)	—
Total	$	20,970	$	49,102	$	—	$	70,072	$	(52,376	)	$	17,696

Schedule of derivative instruments at fair value and their locations on the balance sheets

The following table presents information regarding the balance sheet location of our commodity and foreign currency contracts net assets and liabilities (in thousands):

	As of
	September 30, 2013		December 31, 2012
Commodity Contracts
Assets:
Other current assets	$	30,146	$	18,277
Identifiable intangible and other non-current assets	1,800		1,377
Total net assets	$	31,946	$	19,654

Liabilities:
Accrued expenses and other current liabilities	$	13,526	$	15,152
Other long-term liabilities	462		988
Total net liabilities	$	13,988	$	16,140

Foreign Currency Contracts
Assets:
Other current assets	$	574	$	145
Total net assets	$	574	$	145

Liabilities:
Accrued expenses and other current liabilities	$	8,485	$	1,458
Other long-term liabilities	88		98
Total net liabilities	$	8,573	$	1,556

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

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):

	Beginning of Period		Total Gains (Losses) Included in Earnings			Settlements		End of Period		Change in Unrealized Gains Relating to Assets that are Held at end of Period		Location of Total Gains Included in Earnings

Three months ended September 30, 2013
Liabilities:
Commodity contracts	$	89	$	69		$	20	$	—	$	—	Cost of revenue

Three months ended September 30, 2012
Assets:
Commodity contracts	$	—	$	2,060		$	313	$	1,747	$	1,747	Revenue

Nine months ended September 30, 2013
Liabilities:
Commodity contracts	$	—	$	(20	)	$	20	$	—	$	—	Cost of revenue

Nine months ended September 30, 2012
Assets:
Commodity contracts	$	—	$	2,060		$	313	$	1,747	$	1,747	Revenue
Liabilities:
Earn-out	$	4,194	$	(110	)	$	4,304	$	—	$	—	Other (expense) income, net

Business Segments (Tables)

9 Months Ended

Sep. 30, 2013

Business Segments

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

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,
	2013		2012		2013		2012
Revenue:
Aviation segment	$	4,179,018	$	3,823,338	$	11,854,676	$	10,782,756
Marine segment	3,575,777		3,630,094		11,260,025		11,301,429
Land segment	2,738,866		2,458,241		8,042,593		6,925,340
	$	10,493,661	$	9,911,673	$	31,157,294	$	29,009,525

Gross profit:
Aviation segment	$	89,758	$	84,197	$	242,783	$	218,282
Marine segment	40,223		53,960		134,237		160,785
Land segment	56,360		42,595		180,158		131,043
	$	186,341	$	180,752	$	557,178	$	510,110

Income from operations:
Aviation segment	$	41,002	$	39,808	$	109,755	$	92,601
Marine segment	17,019		27,296		56,340		82,672
Land segment	15,106		18,185		63,608		62,737
	73,127		85,289		229,703		238,010
Corporate overhead - unallocated	8,924		14,241		29,823		35,348
	$	64,203	$	71,048	$	199,880	$	202,662

Schedule of accounts receivable, net and total assets by segment

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

	As of
	September 30,		December 31,
	2013		2012
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $10,304 and $8,997 as of September 30, 2013 and December 31, 2012, respectively	$	725,468	$	674,973
Marine segment, net of allowance for bad debt of $9,314 and $7,742 as of September 30, 2013 and December 31, 2012, respectively	1,186,126		1,069,833
Land segment, net of allowance for bad debt of $7,391 and $6,980 as of September 30, 2013 and December 31, 2012, respectively	603,089		449,060
	$	2,514,683	$	2,193,866

Total assets:
Aviation segment	$	1,715,578	$	1,463,423
Marine segment	1,454,056		1,330,796
Land segment	1,295,659		1,145,756
Corporate	191,107		167,776
	$	4,656,400	$	4,107,751

Significant Accounting Policies (Details) $ in Thousands	6 Months Ended	9 Months Ended
Significant Accounting Policies (Details) $ in Thousands	Jun. 30, 2013 USD ($)	Sep. 30, 2013 USD ($) item	Dec. 31, 2012 USD ($)
Significant Accounting Policies
Incorrect cash flow presentation related to an acquisition payment	$ 17,700
Goodwill
Goodwill		$ 477,258	$ 470,506
2013 Acquisitions \| Land segment
Goodwill
Goodwill		$ 9,600
Number of businesses acquired \| item		2
2012 Acquisitions \| Land segment \| Adjustment
Goodwill
Goodwill		$ (2,000)
Reclassification to identifiable intangible assets		3,300
Increase (decrease) in acquired net assets		(900)
Increase in assumed liabilities		400
2012 Acquisitions \| Land segment \| Reclassification
Goodwill
Goodwill		(6,500)
2012 Acquisitions \| Aviation segment \| Adjustment
Goodwill
Reductions in goodwill due to foreign currency translation adjustments		(300)
2012 Acquisitions \| Aviation segment \| Reclassification
Goodwill
Goodwill		6,500
2012 Acquisitions \| Marine segment \| Adjustment
Goodwill
Reductions in goodwill due to foreign currency translation adjustments		$ (500)

Derivatives (Details) - Sep. 30, 2013 € in Thousands, ₨ in Thousands, ¥ in Thousands, £ in Thousands, zł in Thousands, kr in Thousands, kr in Thousands, bbl in Thousands, R$ in Thousands, R in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, in Thousands	USD ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	GBP (£) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	EUR (€) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	AUD ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	INR (₨) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	JPY (¥) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	CAD ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	ZAR (R) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	BRL (R$) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	SGD ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	CLP ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	COP ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	DKK (kr) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	MXN ($) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	NOK (kr) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	PLN (zł) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł	RON ( ) bbl $ / € $ / £ $ / $ $ / $ $ / R$ $ / $ $ / kr $ / ¥ $ / kr $ / $ / $ $ / $ $ / $ $ / bbl $ / ₨ $ / R $ / zł
Derivatives designated as hedging instruments \| Cash flow hedges \| Foreign currency contracts \| Long \| 2013 \| EUR
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| €			333
Weighted Average Fixed Price \| $ / €	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24
Weighted Average Mark-to-Market \| $ / €	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Fair value of cash flow hedge commodity contracts	$ 38
Derivatives designated as hedging instruments \| Fair value hedges
Derivative instruments, at their respective fair value positions
Mark-to-Market, Total	$ 5,705
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory \| Long \| 2013
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	322	322	322	322	322	322	322	322	322	322	322	322	322	322	322	322	322
Weighted Average Fixed Price \| $ / bbl	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71	112.71
Weighted Average Mark-to-Market \| $ / bbl	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)	(0.78)
Fair value hedge commodity contracts	$ (252)
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory \| Short \| 2013
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293	2,293
Weighted Average Fixed Price \| $ / bbl	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61	118.61
Weighted Average Mark-to-Market \| $ / bbl	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56	2.56
Fair value hedge commodity contracts	$ 5,879
Derivatives designated as hedging instruments \| Fair value hedges \| Commodity contracts for inventory \| Short \| 2014
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12
Weighted Average Fixed Price \| $ / bbl	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93	115.93
Weighted Average Mark-to-Market \| $ / bbl	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50	6.50
Fair value hedge commodity contracts	$ 78
Derivatives not designated as hedging instruments
Derivative instruments, at their respective fair value positions
Mark-to-Market, Total	$ 4,551
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| AUD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts				$ 1,905
Weighted Average Fixed Price \| $ / $	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91
Weighted Average Mark-to-Market \| $ / $	0.03	0.03	0.03	0.03	0.03	0.03	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	$ 48
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| BRL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R$									R$ 2,730
Weighted Average Fixed Price \| $ / R$	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32	2.32
Weighted Average Mark-to-Market \| $ / R$	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (6)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| CAD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts							$ 15,941
Weighted Average Fixed Price \| $ / $	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04
Weighted Average Mark-to-Market \| $ / $	0.01	0.01	0.01	0.01	0.01	0.01	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	$ 169
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| CLP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts											$ 813,772
Weighted Average Fixed Price \| $ / $	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18	506.18
Weighted Average Mark-to-Market \| $ / $	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| COP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts												$ 34,247,444
Weighted Average Fixed Price \| $ / $	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12	1,916.12
Weighted Average Mark-to-Market \| $ / $	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (10)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| DKK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr													kr 17,197
Weighted Average Fixed Price \| $ / kr	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62	5.62
Weighted Average Mark-to-Market \| $ / kr	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 76
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €			€ 7,330
Weighted Average Fixed Price \| $ / €	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32
Weighted Average Mark-to-Market \| $ / €	0.03	0.03	0.03	0.03	0.03	0.03	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	$ 202
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 73,437
Weighted Average Fixed Price \| $ / £	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54
Weighted Average Mark-to-Market \| $ / £	0.08	0.08	0.08	0.08	0.08	0.08	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 foreign currency contracts	$ 5,615
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| JPY
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ¥						¥ 205,458
Weighted Average Fixed Price \| $ / ¥	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93	98.93
Weighted Average Mark-to-Market \| $ / ¥	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 12
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| MXN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts														$ 1,290,707
Weighted Average Fixed Price \| $ / $	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99	12.99
Weighted Average Mark-to-Market \| $ / $	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (1,501)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| NOK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 16,897
Weighted Average Fixed Price \| $ / kr	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08	6.08
Weighted Average Mark-to-Market \| $ / kr	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 16
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| PLN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| zł																zł 2,055
Weighted Average Fixed Price \| $ / zł	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20
Weighted Average Mark-to-Market \| $ / zł	0.01	0.01	0.01	0.01	0.01	0.01	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	$ 16
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| SGD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts										$ 23,530
Weighted Average Fixed Price \| $ / $	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27
Weighted Average Mark-to-Market \| $ / $	0.01	0.01	0.01	0.01	0.01	0.01	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	$ 211
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2013 \| ZAR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R								R 33,118
Weighted Average Fixed Price \| $ / R	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05
Weighted Average Mark-to-Market \| $ / R	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 37
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2014 \| DKK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr													kr 4,146
Weighted Average Fixed Price \| $ / kr	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51	5.51
Weighted Average Mark-to-Market \| $ / kr	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2014 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 1,750
Weighted Average Fixed Price \| $ / £	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58	1.58
Weighted Average Mark-to-Market \| $ / £	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Mark-to-Market value of non-designated foreign currency contracts	$ 104
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2014 \| JPY
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ¥						¥ 88,534
Weighted Average Fixed Price \| $ / ¥	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16	98.16
Weighted Average Mark-to-Market \| $ / ¥	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 1
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Long \| 2014 \| SGD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts										$ 5,434
Weighted Average Fixed Price \| $ / $	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25	1.25
Weighted Average Mark-to-Market \| $ / $	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (3)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| AUD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts				$ 5,461
Weighted Average Fixed Price \| $ / $	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90	0.90
Weighted Average Mark-to-Market \| $ / $	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(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	$ (169)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| BRL
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R$									R$ 134
Weighted Average Fixed Price \| $ / R$	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41	2.41
Weighted Average Mark-to-Market \| $ / R$	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(0.03)	(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	$ (4)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| CAD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts							$ 26,615
Weighted Average Fixed Price \| $ / $	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04
Weighted Average Mark-to-Market \| $ / $	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(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	$ (318)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| CLP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts											$ 1,542,720
Weighted Average Fixed Price \| $ / $	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97	509.97
Weighted Average Mark-to-Market \| $ / $	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| COP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts												$ 28,827,902
Weighted Average Fixed Price \| $ / $	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49	1,919.49
Weighted Average Mark-to-Market \| $ / $	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (32)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €			€ 32,293
Weighted Average Fixed Price \| $ / €	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32	1.32
Weighted Average Mark-to-Market \| $ / €	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(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	$ (1,334)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 141,332
Weighted Average Fixed Price \| $ / £	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55	1.55
Weighted Average Mark-to-Market \| $ / £	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(0.08)	(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 foreign currency contracts	$ (10,989)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| INR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ₨					₨ 111,367
Weighted Average Fixed Price \| $ / ₨	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45	60.45
Weighted Average Mark-to-Market \| $ / ₨	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 70
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| JPY
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| ¥						¥ 467,248
Weighted Average Fixed Price \| $ / ¥	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88	98.88
Weighted Average Mark-to-Market \| $ / ¥	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (40)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| MXN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts														$ 1,147,876
Weighted Average Fixed Price \| $ / $	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96	12.96
Weighted Average Mark-to-Market \| $ / $	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 1,335
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| NOK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 39,031
Weighted Average Fixed Price \| $ / kr	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02	6.02
Weighted Average Mark-to-Market \| $ / kr	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(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	$ (62)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| PLN
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| zł																zł 3,127
Weighted Average Fixed Price \| $ / zł	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28	3.28
Weighted Average Mark-to-Market \| $ / zł	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(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	$ (54)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| RON
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \|																	12,791
Weighted Average Fixed Price \| $ /	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38	3.38
Weighted Average Mark-to-Market \| $ /	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(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	$ (133)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| SGD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts										$ 35,063
Weighted Average Fixed Price \| $ / $	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27
Weighted Average Mark-to-Market \| $ / $	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(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	$ (284)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2013 \| ZAR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R								R 93,162
Weighted Average Fixed Price \| $ / R	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05	10.05
Weighted Average Mark-to-Market \| $ / R	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (59)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2014 \| CAD
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts							$ 1,391
Weighted Average Fixed Price \| $ / $	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03
Weighted Average Mark-to-Market \| $ / $	0.00	0.00	0.00	0.00	0.00	0.00	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	$ 1
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2014 \| EUR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| €			€ 94
Weighted Average Fixed Price \| $ / €	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35	1.35
Weighted Average Mark-to-Market \| $ / €	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(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	$ (1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2014 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 14,240
Weighted Average Fixed Price \| $ / £	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56	1.56
Weighted Average Mark-to-Market \| $ / £	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)
Mark-to-Market value of non-designated foreign currency contracts	$ (856)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2014 \| NOK
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| kr															kr 1,384
Weighted Average Fixed Price \| $ / kr	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05	6.05
Weighted Average Mark-to-Market \| $ / kr	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (1)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2014 \| ZAR
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| R								R 13,570
Weighted Average Fixed Price \| $ / R	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22	10.22
Weighted Average Mark-to-Market \| $ / R	0.00	0.00	0.00	0.00	0.00	0.00	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	$ (7)
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Short \| 2015 \| GBP
Derivative instruments, at their respective fair value positions
Non-Designated, Notional amount of foreign currency contracts \| £		£ 2,500
Weighted Average Fixed Price \| $ / £	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59	1.59
Weighted Average Mark-to-Market \| $ / £	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(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	$ (52)
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2013
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078	20,078
Weighted Average Fixed Price \| $ / bbl	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44	72.44
Weighted Average Mark-to-Market \| $ / bbl	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Fair value of non-designated commodity contracts	$ 2,967
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2014
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275	11,275
Weighted Average Fixed Price \| $ / bbl	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69	82.69
Weighted Average Mark-to-Market \| $ / bbl	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Fair value of non-designated commodity contracts	$ 218
Derivatives not designated as hedging instruments \| Commodity contracts \| Long \| 2015
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	532	532	532	532	532	532	532	532	532	532	532	532	532	532	532	532	532
Weighted Average Fixed Price \| $ / bbl	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22
Weighted Average Mark-to-Market \| $ / bbl	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71	3.71
Fair value of non-designated commodity contracts	$ 1,972
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2013
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540	16,540
Weighted Average Fixed Price \| $ / bbl	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59	89.59
Weighted Average Mark-to-Market \| $ / bbl	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23
Fair value of non-designated commodity contracts	$ 3,848
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2014
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445	8,445
Weighted Average Fixed Price \| $ / bbl	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43	100.43
Weighted Average Mark-to-Market \| $ / bbl	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63
Fair value of non-designated commodity contracts	$ 5,338
Derivatives not designated as hedging instruments \| Commodity contracts \| Short \| 2015
Derivative instruments, at their respective fair value positions
Notional value of commodity contracts \| bbl	590	590	590	590	590	590	590	590	590	590	590	590	590	590	590	590	590
Weighted Average Fixed Price \| $ / bbl	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20	90.20
Weighted Average Mark-to-Market \| $ / bbl	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)	(2.97)
Fair value of non-designated commodity contracts	$ (1,755)

Derivatives (Details 2) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	$ 83,950	$ 78,203
Derivative liabilities	73,656	69,547
Derivatives designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	6,383	1,139
Derivative liabilities	640	2,284
Derivatives designated as hedging instruments \| Commodity contracts \| Other current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	6,345	991
Derivative liabilities	572	2,284
Derivatives designated as hedging instruments \| Commodity contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative liabilities	68
Derivatives designated as hedging instruments \| Foreign currency contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	38	148
Derivatives not designated as hedging instruments
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	77,567	77,064
Derivative liabilities	73,016	67,263
Derivatives not designated as hedging instruments \| Commodity contracts \| Other current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	59,536	67,533
Derivative liabilities	34,828	41,410
Derivatives not designated as hedging instruments \| Commodity contracts \| Identifiable intangible and other non-current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	4,022	1,423
Derivative liabilities	2,222	47
Derivatives not designated as hedging instruments \| Commodity contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	4,385	5,776
Derivative liabilities	17,843	20,927
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	1,106	46
Derivative liabilities	1,568	1,034
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Other current assets
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	4,564	741
Derivative liabilities	3,990	595
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Accrued expenses and other current liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative assets	3,954	1,545
Derivative liabilities	12,477	3,151
Derivatives not designated as hedging instruments \| Foreign currency contracts \| Other long-term liabilities
Information about derivative instruments measured at fair value and their locations on the consolidated balance sheet
Derivative liabilities	$ 88	$ 99

Derivatives (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Derivatives (Details 3) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Gain (loss) on derivative
Gains or losses that were excluded from the assessment of the effectiveness of fair value hedges	$ 0	$ 0	$ 0	$ 0
Derivatives instruments designated as hedging instruments \| Fair value hedges
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge			7,593	(29,296)
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Hedged items
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item			(7,224)	41,734
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				(201)
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				739
Derivatives instruments designated as hedging instruments \| Fair value hedges \| Cost of revenue \| Inventories
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedged Item	10,937	44,615	(7,224)	41,196
Derivatives instruments not designated as hedging instruments
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(2,029)	(521)	25,474	10,865
Commodity contracts \| Derivatives instruments designated as hedging instruments \| Fair value hedges \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss) on Hedge				265
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	(12,032)	(38,337)	7,593	(28,144)
Commodity contracts \| Derivatives instruments not designated as hedging instruments \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	6,589	30,928	26,096	14,156
Commodity contracts \| Derivatives instruments not designated as hedging instruments \| Cost of revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(521)	(29,272)	893	298
Foreign currency contracts \| Derivatives instruments designated as hedging instruments \| Cash flow hedges
Gain (loss) on derivative
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)	33	127	9	127
Foreign currency contracts \| Derivatives instruments designated as hedging instruments \| Cash flow hedges \| Other (expense) income, net
Gain (loss) on derivative
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Effective Portion)	47	13	119	13
Foreign currency contracts \| Derivatives instruments not designated as hedging instruments \| Revenue
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	(1,992)	(1,392)	748	(2,120)
Foreign currency contracts \| Derivatives instruments not designated as hedging instruments \| Other (expense) income, net
Gain (loss) on derivative
Realized and Unrealized Gain (Loss)	$ (6,105)	$ (785)	$ (2,263)	(1,469)
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				$ (1,417)

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Amount of property and equipment
Property and Equipment gross	$ 233,567	$ 180,504
Accumulated depreciation and amortization	80,554	67,979
Property and Equipment net	153,013	112,525
Land
Amount of property and equipment
Property and Equipment gross	4,653	4,653
Buildings and Leasehold improvements
Amount of property and equipment
Property and Equipment gross	47,731	21,081
Office equipment, furniture and fixtures
Amount of property and equipment
Property and Equipment gross	12,878	8,415
Computer equipment and software costs
Amount of property and equipment
Property and Equipment gross	84,665	80,233
Machinery, equipment and vehicles
Amount of property and equipment
Property and Equipment gross	$ 83,640	$ 66,122

Shareholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2008	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock Repurchase Programs
Authorized common stock repurchase program	$ 50,000
Shares repurchased		536
Amount of shares repurchased		$ 20,000		$ 20,000
Amount available to repurchase shares under stock repurchase program		30,000
Accumulated other comprehensive loss
Balance at the beginning of the period				(16,018)
Other comprehensive loss		111	$ (652)	(9,060)	$ (8,731)
Balance at the end of the period		(25,078)		(25,078)
Foreign Currency Translation Adjustments
Accumulated other comprehensive loss
Balance at the beginning of the period				(16,130)
Other comprehensive loss				(8,975)
Balance at the end of the period		(25,105)		(25,105)
Cash Flow Hedges
Accumulated other comprehensive loss
Balance at the beginning of the period				112
Other comprehensive loss				(85)
Balance at the end of the period		$ 27		$ 27

Debt (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Oct. 10, 2013	Dec. 31, 2012
Debt
Total debt	$ 458,645		$ 458,645			$ 380,318
Current maturities of long-term debt	28,642		28,642			26,065
Long term-debt	430,003		430,003			354,253
Interest income, expense and other financing costs
Interest income	1,432	$ 256	2,357	$ 781
Interest expense and other financing costs	(6,012)	(4,561)	(15,175)	(15,184)
Interest expense and other financing costs, net	(4,580)	$ (4,305)	(12,818)	$ (14,403)
Credit facility
Debt
Maximum borrowing capacity	800,000		800,000		$ 1,100,000
Maximum additional borrowings available at the entity's request subject satisfaction of certain conditions	150,000		150,000
Debt
Total debt	190,000		190,000			100,500
Letters of credit and bankers' acceptances
Debt
Maximum borrowing capacity	300,000		300,000		$ 400,000
Term Loans
Debt
Maximum borrowing capacity	242,500		242,500
Debt
Total debt	242,500		242,500			247,500
Acquisition promissory notes
Debt
Total debt	18,070		18,070			25,878
Other
Debt
Total debt	$ 8,075		$ 8,075			$ 6,440

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Taxes
Income tax provision	$ 8,191	$ 14,683	$ 32,090	$ 33,249
Effective income tax rate (as a percent)	14.00%	21.70%	17.30%	17.50%
Income tax benefit due to change in estimate related to uncertain tax position	$ 1,400		$ 1,400	$ 3,300

Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Numerator:
Net income attributable to World Fuel	$ 51,472	$ 51,494	$ 151,213	$ 146,509
Denominator:
Weighted average common shares for basic earnings per common share	71,371	71,216	71,387	71,128
Effect of dilutive securities (in shares)	506	600	583	663
Weighted average common shares for diluted earnings per common share	71,877	71,816	71,970	71,791
Weighted average securities which are not included in the calculation of diluted earnings per common share (in shares)	457	452	455	307
Basic earnings per common share (in dollars per share)	$ 0.72	$ 0.72	$ 2.12	$ 2.06
Diluted earnings per common share (in dollars per share)	$ 0.72	$ 0.72	$ 2.10	$ 2.04

- Definition

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

+ References + Details

Commitments and Contingencies (Details) $ in Millions	2 Months Ended
Commitments and Contingencies (Details) $ in Millions	Aug. 31, 2013 item	Sep. 30, 2013 USD ($)	Jul. 06, 2013 item bbl
DPM
Lac-Megantic, Quebec
Membership interest in joint venture (as a percent)		50.00%
DPTS
Lac-Megantic, Quebec
Membership interest in joint venture (as a percent)		50.00%
Derailment of freight train
Lac-Megantic, Quebec
Number of tanker-cars carried by the freight train \| item			72
Volume of crude oil (in barrels) \| bbl			50,000
Number of complaints filed \| item	20
Derailment of freight train \| Accrued expenses and other current liabilities
Lac-Megantic, Quebec
Liabilities recorded based on estimated losses \| $		$ 14.2
Derailment of freight train \| Other current assets
Lac-Megantic, Quebec
Receivables for portion of liability recoverable from insurance \| $		$ 13.4

Commitments and Contingencies (Details 2) $ in Millions		1 Months Ended
Commitments and Contingencies (Details 2) $ in Millions	Aug. 22, 2013 USD ($)	Apr. 30, 2012 USD ($) item
Property damages and bodily injuries \| WFSS Vs Cathay Pacific Airways Limited
Legal Matters
Number of subsidiaries named as defendants \| item		1
Damages sought		$ 34.0
Bankruptcy protection \| STX Pan Ocean \| Marine Segment
Legal Matters
Outstanding balance	$ 20.8
Lump sum payment	$ 3.2

Fair Value Measurements (Details) - Fair value measured on recurring basis - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Level 1
Assets and liabilities measured at fair value on a recurring basis
Assets	$ 30,913	$ 18,087
Liabilities	14,141	20,970
Level 2
Assets and liabilities measured at fair value on a recurring basis
Assets	53,037	60,934
Liabilities	66,467	49,102
Level 3
Assets and liabilities measured at fair value on a recurring basis
Debt	458,600	380,300
Notes receivable	9,500	12,700
Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Assets	83,950	79,021
Liabilities	80,608	70,072
Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Assets	(51,430)	(58,929)
Liabilities	(51,095)	(52,376)
Total
Assets and liabilities measured at fair value on a recurring basis
Assets	32,520	20,092
Liabilities	29,513	17,696
Commodity contracts \| Level 1
Assets and liabilities measured at fair value on a recurring basis
Liabilities	14,141	20,970
Commodity contracts \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Liabilities	42,960	44,732
Commodity contracts \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	57,101	65,702
Commodity contracts \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Liabilities	(43,113)	(49,562)
Commodity contracts \| Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	13,988	16,140
Foreign currency contracts \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Liabilities	16,555	3,845
Foreign currency contracts \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	16,555	3,845
Foreign currency contracts \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Liabilities	(7,982)	(2,289)
Foreign currency contracts \| Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	8,573	1,556
Inventories \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Liabilities	6,952	525
Inventories \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	6,952	525
Inventories \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Liabilities		(525)
Inventories \| Total
Assets and liabilities measured at fair value on a recurring basis
Liabilities	6,952
Commodity contracts \| Level 1
Assets and liabilities measured at fair value on a recurring basis
Assets	30,913	18,087
Commodity contracts \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Assets	44,481	57,682
Commodity contracts \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Assets	75,394	75,769
Commodity contracts \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Assets	(43,448)	(56,115)
Commodity contracts \| Total
Assets and liabilities measured at fair value on a recurring basis
Assets	31,946	19,654
Foreign currency contracts \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Assets	8,556	2,434
Foreign currency contracts \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Assets	8,556	2,434
Foreign currency contracts \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Assets	(7,982)	(2,289)
Foreign currency contracts \| Total
Assets and liabilities measured at fair value on a recurring basis
Assets	$ 574	145
Inventories \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Assets		818
Inventories \| Sub-Total
Assets and liabilities measured at fair value on a recurring basis
Assets		818
Inventories \| Netting and Collateral
Assets and liabilities measured at fair value on a recurring basis
Assets		(525)
Inventories \| Total
Assets and liabilities measured at fair value on a recurring basis
Assets		$ 293

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Other current assets
Fair value measurement, additional disclosure
Cash collateral deposits held by financial counterparties	$ 3,100	$ 22,900
Commodity contracts
Derivative instruments, at their respective fair value positions
Total Net Assets	31,946	19,654
Total Net Liabilities	13,988	16,140
Fair value measurement, additional disclosure
Cash collateral received from customers	300	6,600
Commodity contracts \| Other current assets
Derivative instruments, at their respective fair value positions
Total Net Assets	30,146	18,277
Commodity contracts \| Identifiable intangible and other non-current assets
Derivative instruments, at their respective fair value positions
Total Net Assets	1,800	1,377
Commodity contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total Net Liabilities	13,526	15,152
Commodity contracts \| Other long-term liabilities
Derivative instruments, at their respective fair value positions
Total Net Liabilities	462	988
Foreign currency contracts
Derivative instruments, at their respective fair value positions
Total Net Assets	574	145
Total Net Liabilities	8,573	1,556
Foreign currency contracts \| Other current assets
Derivative instruments, at their respective fair value positions
Total Net Assets	574	145
Foreign currency contracts \| Accrued expenses and other current liabilities
Derivative instruments, at their respective fair value positions
Total Net Liabilities	8,485	1,458
Foreign currency contracts \| Other long-term liabilities
Derivative instruments, at their respective fair value positions
Total Net Liabilities	$ 88	$ 98

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Fair value of asset (liability) transfers between Level 1, 2 or 3			$ 0
Level 3 purchases, sales or issuances of assets (liabilities)			0
Commodity contracts \| Cost of revenue
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning of Period	$ 89
Total Gains (Losses) Included in Earnings	69		(20)
Settlements	$ 20		$ 20
Earn-out \| Other (expense) income, net
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Beginning of Period				$ 4,194
Total Gains (Losses) Included in Earnings				(110)
Settlements				4,304
Commodity contracts \| Revenue
Change in fair value of assets and liabilities measured on recurring basis, utilized Level 3 inputs
Total Gains (Losses) Included in Earnings		$ 2,060		2,060
Settlements		313		313
End of Period		1,747		1,747
Change in Unrealized Gains Relating to Assets that are Held at end of Period		$ 1,747		$ 1,747

Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
Business Segments (Details) $ in Thousands	Sep. 30, 2013 USD ($)	Sep. 30, 2012 USD ($)	Sep. 30, 2013 USD ($) item	Sep. 30, 2012 USD ($)
Business Segments
Number of reportable operating business segments \| item			3
Revenue:
Total revenue	$ 10,493,661	$ 9,911,673	$ 31,157,294	$ 29,009,525
Gross profit:
Gross profit	186,341	180,752	557,178	510,110
Income from operations:
Income from operations	64,203	71,048	199,880	202,662
Operating Segments
Income from operations:
Income from operations	73,127	85,289	229,703	238,010
Operating Segments \| Aviation segment
Revenue:
Total revenue	4,179,018	3,823,338	11,854,676	10,782,756
Gross profit:
Gross profit	89,758	84,197	242,783	218,282
Income from operations:
Income from operations	41,002	39,808	109,755	92,601
Operating Segments \| Marine segment
Revenue:
Total revenue	3,575,777	3,630,094	11,260,025	11,301,429
Gross profit:
Gross profit	40,223	53,960	134,237	160,785
Income from operations:
Income from operations	17,019	27,296	56,340	82,672
Operating Segments \| Land segment
Revenue:
Total revenue	2,738,866	2,458,241	8,042,593	6,925,340
Gross profit:
Gross profit	56,360	42,595	180,158	131,043
Income from operations:
Income from operations	15,106	18,185	63,608	62,737
Corporate
Income from operations:
Income from operations	$ 8,924	$ 14,241	$ 29,823	$ 35,348

Business Segments (Details 2) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Accounts receivable, net:
Accounts receivable, net	$ 2,514,683	$ 2,193,866
Total assets:
Total assets	4,656,400	4,107,751
Corporate
Total assets:
Total assets	191,107	167,776
Operating Segments \| Aviation segment
Accounts receivable, net:
Accounts receivable, net	725,468	674,973
Allowance for bad debt	10,304	8,997
Total assets:
Total assets	1,715,578	1,463,423
Operating Segments \| Marine segment
Accounts receivable, net:
Accounts receivable, net	1,186,126	1,069,833
Allowance for bad debt	9,314	7,742
Total assets:
Total assets	1,454,056	1,330,796
Operating Segments \| Land segment
Accounts receivable, net:
Accounts receivable, net	603,089	449,060
Allowance for bad debt	7,391	6,980
Total assets:
Total assets	$ 1,295,659	$ 1,145,756