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SELECTED QUARTERLY FINANCIAL DATA | 12 Months Ended
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Dec. 31, 2015
SELECTED QUARTERLY FINANCIAL DATA | WATSCO, INC. AND SUBSIDIARIES SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
(In thousands, except per share data) |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |  |  | Total |
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues (1) |  | $ | 808,972 |  |  | $ | 1,223,439 |  |  | $ | 1,177,012 |  |  | $ | 903,816 |  |  | $ | 4,113,239 |
Gross profit |  |  | 204,225 |  |  |  | 295,245 |  |  |  | 285,846 |  |  |  | 222,041 |  |  |  | 1,007,357 |
Net income attributable to Watsco, Inc. |  | $ | 23,048 |  |  | $ | 65,423 |  |  | $ | 57,968 |  |  | $ | 26,490 |  |  | $ | 172,929 |
Earnings per share for Common and Class B common stock (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.65 |  |  | $ | 1.86 |  |  | $ | 1.64 |  |  | $ | 0.75 |  |  | $ | 4.91 |
Diluted |  | $ | 0.65 |  |  | $ | 1.85 |  |  | $ | 1.64 |  |  | $ | 0.75 |  |  | $ | 4.90 |
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues (1) |  | $ | 762,568 |  |  | $ | 1,170,186 |  |  | $ | 1,134,999 |  |  | $ | 876,787 |  |  | $ | 3,944,540 |
Gross profit |  |  | 188,069 |  |  |  | 279,273 |  |  |  | 274,765 |  |  |  | 214,295 |  |  |  | 956,402 |
Net income attributable to Watsco, Inc. |  | $ | 16,753 |  |  | $ | 56,101 |  |  | $ | 54,461 |  |  | $ | 24,072 |  |  | $ | 151,387 |
Earnings per share for Common and Class B common stock (2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.48 |  |  | $ | 1.60 |  |  | $ | 1.56 |  |  | $ | 0.69 |  |  | $ | 4.33 |
Diluted |  | $ | 0.48 |  |  | $ | 1.60 |  |  | $ | 1.56 |  |  | $ | 0.69 |  |  | $ | 4.32 |
(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 even 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.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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