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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Consolidated Statements Of Income [Abstract]      
Revenues $ 2,977,759 [1] $ 2,844,595 [1] $ 2,001,815
Cost of sales 2,249,465 2,171,354 1,520,983
Gross profit 728,294 673,241 480,832
Selling, general and administrative expenses 529,244 507,669 399,772
Operating income 199,050 165,572 81,060
Interest expense, net 4,458 3,490 2,731
Income before income taxes 194,592 162,082 78,329
Income taxes 56,850 50,360 26,756
Net income 137,742 111,722 51,573
Less: net income attributable to noncontrolling interest 47,292 30,962 8,259
Net income attributable to Watsco, Inc. $ 90,450 $ 80,760 $ 43,314
Earnings per share for Common and Class B common stock:      
Basic $ 2.75 [2] $ 2.49 [2] $ 1.42
Diluted $ 2.74 [2] $ 2.49 [2] $ 1.40
[1] Sales of residential central air conditioners, heating equipment and parts and supplies are seasonal. Demand related to the residential central air conditioning replacement market is typically highest in the second and third quarters and demand for heating equipment is usually highest in the fourth quarter. Demand related to the new construction sectors throughout most of the markets is fairly consistent during the year, except for dependence on housing completions and related weather and economic conditions.
[2] Quarterly and year-to-date earnings per share are calculated on an individual basis; therefore, the sum of earnings per share amounts for the quarters may not equal earnings per share amounts for the year.