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