The following table presents the calculation of basic and diluted earnings per common share for our Common and Class B common stock:


*Years Ended December 31,*	2013		2012		2011
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	127,723	$	103,334	$	90,450
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		9,064		17,656		6,045

Earnings allocated to Watsco, Inc. shareholders	$	118,659	$	85,678	$	84,405

Weighted-average common shares outstanding - Basic		32,195,598		31,680,187		30,678,206

Basic earnings per share for Common and Class B common stock	$	3.69	$	2.70	$	2.75

Allocation of earnings for Basic:
Common stock	$	108,690	$	78,359	$	76,574
Class B common stock		9,969		7,319		7,831

	$	118,659	$	85,678	$	84,405

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	127,723	$	103,334	$	90,450
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		9,053		17,656		6,042

Earnings allocated to Watsco, Inc. shareholders	$	118,670	$	85,678	$	84,408

Weighted-average common shares outstanding - Basic		32,195,598		31,680,187		30,678,206
Effect of dilutive stock options		62,470		64,212		75,085

Weighted-average common shares outstanding - Diluted		32,258,068		31,744,399		30,753,291

Diluted earnings per share for Common and Class B common stock	$	3.68	$	2.70	$	2.74