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CONDENSED CONSOLIDATED UNAUDITED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 1,011,801 $ 883,548 $ 1,645,313 $ 1,417,887
Cost of sales 773,326 670,357 1,256,216 1,069,710
Gross profit 238,475 213,191 389,097 348,177
Selling, general and administrative expenses 152,604 137,662 283,317 255,938
Operating income 85,871 75,529 105,780 92,239
Interest expense, net 1,350 997 2,238 1,819
Income before income taxes 84,521 74,532 103,542 90,420
Income taxes 23,620 22,260 29,148 27,026
Net income 60,901 52,272 74,394 63,394
Less: net income attributable to noncontrolling interest 21,798 16,249 26,824 19,871
Net income attributable to Watsco, Inc. $ 39,103 $ 36,023 $ 47,570 $ 43,523
Earnings per share for Common and Class B common stock:        
Basic $ 1.15 $ 1.09 $ 1.42 $ 1.33
Diluted $ 1.15 $ 1.09 $ 1.41 $ 1.32