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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues $ 1,170,186 $ 1,120,452 $ 1,932,754 $ 1,834,085
Cost of sales 890,913 853,772 1,465,412 1,391,959
Gross profit 279,273 266,680 467,342 442,126
Selling, general and administrative expenses 166,293 161,595 318,809 306,487
Operating income 112,980 105,085 148,533 135,639
Interest expense, net 1,247 1,688 2,256 2,870
Income before income taxes 111,733 103,397 146,277 132,769
Income taxes 33,348 30,815 43,489 39,098
Net income 78,385 72,582 102,788 93,671
Less: net income attributable to noncontrolling interest 22,284 21,264 29,934 28,968
Net income attributable to Watsco, Inc. $ 56,101 $ 51,318 $ 72,854 $ 64,703
Earnings per share for Common and Class B common stock:        
Basic $ 1.60 $ 1.48 $ 2.09 $ 1.87
Diluted $ 1.60 $ 1.48 $ 2.08 $ 1.87