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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues $ 1,134,999 $ 1,081,893 $ 3,067,753 $ 2,915,978
Cost of sales 860,234 823,296 2,325,646 2,215,255
Gross profit 274,765 258,597 742,107 700,723
Selling, general and administrative expenses 169,527 163,142 488,336 469,629
Operating income 105,238 95,455 253,771 231,094
Interest expense, net 1,534 1,781 3,790 4,651
Income before income taxes 103,704 93,674 249,981 226,443
Income taxes 32,573 27,556 76,062 66,654
Net income 71,131 66,118 173,919 159,789
Less: net income attributable to noncontrolling interest 16,670 20,419 46,604 49,387
Net income attributable to Watsco, Inc. $ 54,461 $ 45,699 $ 127,315 $ 110,402
Earnings per share for Common and Class B common stock:        
Basic $ 1.56 $ 1.32 $ 3.64 $ 3.19
Diluted $ 1.56 $ 1.32 $ 3.64 $ 3.18