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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues $ 3,944,540us-gaap_Revenues [1] $ 3,743,330us-gaap_Revenues [1] $ 3,431,712us-gaap_Revenues
Cost of sales 2,988,138us-gaap_CostOfGoodsAndServicesSold 2,844,077us-gaap_CostOfGoodsAndServicesSold 2,617,317us-gaap_CostOfGoodsAndServicesSold
Gross profit 956,402us-gaap_GrossProfit 899,253us-gaap_GrossProfit 814,395us-gaap_GrossProfit
Selling, general and administrative expenses 650,655us-gaap_SellingGeneralAndAdministrativeExpense 628,044us-gaap_SellingGeneralAndAdministrativeExpense 589,487us-gaap_SellingGeneralAndAdministrativeExpense
Operating income 305,747us-gaap_OperatingIncomeLoss 271,209us-gaap_OperatingIncomeLoss 224,908us-gaap_OperatingIncomeLoss
Interest expense, net 5,206us-gaap_InterestExpense 5,830us-gaap_InterestExpense 4,665us-gaap_InterestExpense
Income before income taxes 300,541us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 265,379us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 220,243us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 91,839us-gaap_IncomeTaxExpenseBenefit 77,660us-gaap_IncomeTaxExpenseBenefit 62,642us-gaap_IncomeTaxExpenseBenefit
Net income 208,702us-gaap_ProfitLoss 187,719us-gaap_ProfitLoss 157,601us-gaap_ProfitLoss
Less: net income attributable to noncontrolling interest 57,315us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 59,996us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 54,267us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Watsco, Inc. $ 151,387us-gaap_NetIncomeLoss $ 127,723us-gaap_NetIncomeLoss $ 103,334us-gaap_NetIncomeLoss
Earnings per share for Common and Class B common stock:      
Basic $ 4.33us-gaap_EarningsPerShareBasic [2] $ 3.69us-gaap_EarningsPerShareBasic [2] $ 2.70us-gaap_EarningsPerShareBasic
Diluted $ 4.32us-gaap_EarningsPerShareDiluted [2] $ 3.68us-gaap_EarningsPerShareDiluted [2] $ 2.70us-gaap_EarningsPerShareDiluted
[1] Sales of residential central air conditioners, heating equipment and parts and supplies are seasonal. Demand related to the residential central air conditioning replacement market is typically highest in the second and third quarters and demand for heating equipment is usually highest in the fourth quarter. Demand related to the new construction sectors throughout most of the markets is fairly consistent during the year, except for dependence on housing completions and related weather and economic conditions.
[2] Quarterly and year-to-date earnings per share are calculated on an individual basis; therefore, the sum of earnings per share amounts for the quarters may not equal earnings per share amounts for the year.