The following table presents the calculation of basic and diluted earnings per share for our Common and Class B common stock:


*Years Ended December 31,*	2015		2014		2013
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	172,929	$	151,387	$	127,723
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		13,634		11,444		9,064

Earnings allocated to Watsco, Inc. shareholders	$	159,295	$	139,943	$	118,659

Weighted-average common shares outstanding - Basic		32,435,961		32,308,073		32,195,598

Basic earnings per share for Common and Class B common stock	$	4.91	$	4.33	$	3.69

Allocation of earnings for Basic:
Common stock	$	146,037	$	128,214	$	108,690
Class B common stock		13,258		11,729		9,969

	$	159,295	$	139,943	$	118,659

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	172,929	$	151,387	$	127,723
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		13,626		11,435		9,053

Earnings allocated to Watsco, Inc. shareholders	$	159,303	$	139,952	$	118,670

Weighted-average common shares outstanding - Basic		32,435,961		32,308,073		32,195,598
Effect of dilutive stock options		44,395		50,781		62,470

Weighted-average common shares outstanding - Diluted		32,480,356		32,358,854		32,258,068

Diluted earnings per share for Common and Class B common stock	$	4.90	$	4.32	$	3.68