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Condensed Consolidated Unaudited Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 1,020,859 $ 914,039 $ 2,666,172 $ 2,331,926
Cost of sales 778,354 694,632 2,034,570 1,764,342
Gross profit 242,505 219,407 631,602 567,584
Selling, general and administrative expenses 156,808 145,096 440,125 401,034
Operating income 85,697 74,311 191,477 166,550
Interest expense, net 1,185 1,352 3,423 3,171
Income before income taxes 84,512 72,959 188,054 163,379
Income taxes 24,981 21,141 54,129 48,167
Net income 59,531 51,818 133,925 115,212
Less: net income attributable to noncontrolling interest 18,526 18,271 45,350 38,142
Net income attributable to Watsco, Inc. $ 41,005 $ 33,547 $ 88,575 $ 77,070
Earnings per share for Common and Class B common stock:        
Basic $ 1.19 $ 1.02 $ 2.62 $ 2.35
Diluted $ 1.19 $ 1.02 $ 2.61 $ 2.34