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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues $ 1,177,012 $ 1,134,999 $ 3,209,423 $ 3,067,753
Cost of sales 891,166 860,234 2,424,107 2,325,646
Gross profit 285,846 274,765 785,316 742,107
Selling, general and administrative expenses 175,166 169,527 502,769 488,336
Operating income 110,680 105,238 282,547 253,771
Interest expense, net 1,519 1,534 4,526 3,790
Income before income taxes 109,161 103,704 278,021 249,981
Income taxes 34,517 32,573 87,836 76,062
Net income 74,644 71,131 190,185 173,919
Less: net income attributable to non-controlling interest 16,676 16,670 43,746 46,604
Net income attributable to Watsco, Inc. $ 57,968 $ 54,461 $ 146,439 $ 127,315
Earnings per share for Common and Class B common stock:        
Basic and diluted $ 1.64 $ 1.56 $ 4.16 $ 3.64