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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2014
Schedule of Basic and Diluted Earnings Per Common Share | 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, |  | 2014 |  |  | 2013 |  |  | 2012 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 151,387 |  |  | $ | 127,723 |  |  | $ | 103,334 |
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock |  |  | 11,444 |  |  |  | 9,064 |  |  |  | 17,656 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 139,943 |  |  | $ | 118,659 |  |  | $ | 85,678 |
Weighted-average common shares outstanding - Basic |  |  | 32,308,073 |  |  |  | 32,195,598 |  |  |  | 31,680,187 |
Basic earnings per share for Common and Class B common stock |  | $ | 4.33 |  |  | $ | 3.69 |  |  | $ | 2.70 |
Allocation of earnings for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 128,214 |  |  | $ | 108,690 |  |  | $ | 78,359 |
Class B common stock |  |  | 11,729 |  |  |  | 9,969 |  |  |  | 7,319 |
|  | $ | 139,943 |  |  | $ | 118,659 |  |  | $ | 85,678 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 151,387 |  |  | $ | 127,723 |  |  | $ | 103,334 |
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock |  |  | 11,435 |  |  |  | 9,053 |  |  |  | 17,656 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 139,952 |  |  | $ | 118,670 |  |  | $ | 85,678 |
Weighted-average common shares outstanding - Basic |  |  | 32,308,073 |  |  |  | 32,195,598 |  |  |  | 31,680,187 |
Effect of dilutive stock options |  |  | 50,781 |  |  |  | 62,470 |  |  |  | 64,212 |
Weighted-average common shares outstanding - Diluted |  |  | 32,358,854 |  |  |  | 32,258,068 |  |  |  | 31,744,399 |
Diluted earnings per share for Common and Class B common stock |  | $ | 4.32 |  |  | $ | 3.68 |  |  | $ | 2.70 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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