XML 60 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 15,673 $ 126,498
Accounts receivable, net 327,664 305,088
Inventories 465,349 391,925
Other current assets 19,491 14,493
Total current assets 828,177 838,004
Property and equipment, net 39,455 31,221
Goodwill 319,440 303,703
Intangible assets, net 75,366 56,627
Other assets 5,710 7,672
Total assets 1,268,148 1,237,227
Current liabilities:    
Current portion of long-term obligations 19 72
Borrowings under revolving credit agreements (Note 5) 20,000  
Accounts payable 127,359 182,185
Accrued expenses and other current liabilities 75,661 83,748
Total current liabilities 223,039 266,005
Long-term obligations:    
Borrowings under revolving credit agreements (Note 5)   10,000
Other long-term obligations, net of current portion   16
Total long-term obligations   10,016
Deferred income taxes and other liabilities 43,399 32,310
Commitments and contingencies      
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued      
Paid-in capital 493,519 472,883
Accumulated other comprehensive loss, net of tax (352) (593)
Retained earnings 404,360 387,186
Treasury stock, at cost, 6,322,650 shares of Common stock and 48,263 shares of Class B common stock in 2011 and 2010 (114,425) (114,425)
Total Watsco, Inc. shareholders' equity 802,790 764,461
Noncontrolling interest 198,920 164,435
Total shareholders' equity 1,001,710 928,896
Total liabilities and shareholders' equity 1,268,148 1,237,227
Common Stock [Member]
    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 17,338 17,223
Class B Common Stock [Member]
    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,350 $ 2,187