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


*Quarters Ended March 31,*	2014		2013
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	16,753	$	13,385
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		1,242		937

Earnings allocated to Watsco, Inc. shareholders	$	15,511	$	12,448

Weighted-average common shares outstanding – Basic		32,249,988		32,157,729

Basic earnings per share for Common and Class B common stock	$	0.48	$	0.39

Allocation of earnings for Basic:
Common stock	$	14,211	$	11,401
Class B common stock		1,300		1,047

	$	15,511	$	12,448

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	16,753	$	13,385
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		1,242		937

Earnings allocated to Watsco, Inc. shareholders	$	15,511	$	12,448

Weighted-average common shares outstanding – Basic		32,249,988		32,157,729
Effect of dilutive stock options		55,457		55,711

Weighted-average common shares outstanding – Diluted		32,305,445		32,213,440

Diluted earnings per share for Common and Class B common stock	$	0.48	$	0.39