XML 13 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 18,627 $ 126,498
Accounts receivable, net 435,016 305,088
Inventories 612,736 391,925
Other current assets 16,300 14,493
Total current assets 1,082,679 838,004
Property and equipment, net 36,178 31,221
Goodwill 316,060 303,703
Intangible assets, net 76,155 56,627
Other assets 6,820 7,672
Assets, total 1,517,892 1,237,227
Current liabilities:    
Current portion of long-term obligations 41 72
Accounts payable 349,350 182,185
Accrued expenses and other current liabilities 95,955 83,748
Total current liabilities 445,346 266,005
Long-term obligations:    
Borrowings under revolving credit agreements 65,000 10,000
Other long-term obligations, net of current portion 16 16
Total long-term obligations 65,016 10,016
Deferred income taxes and other liabilities 36,159 32,310
Commitments and contingencies    
Watsco, Inc. shareholders' equity:    
Preferred stock, $.50 par value    
Paid-in capital 488,209 472,883
Accumulated other comprehensive loss, net of tax (446) (593)
Retained earnings 395,002 387,186
Treasury stock, at cost (114,425) (114,425)
Total Watsco, Inc. shareholders' equity 787,997 764,461
Noncontrolling interest 183,374 164,435
Total shareholders' equity 971,371 928,896
Liabilities and shareholders' equity, total 1,517,892 1,237,227
Common Stock [Member]
    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 17,303 17,223
Class B Common Stock [Member]
    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,354 $ 2,187