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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues $ 1,214,435 $ 1,223,439 $ 2,065,859 $ 2,032,411
Cost of sales 922,574 928,194 1,561,551 1,532,941
Gross profit 291,861 295,245 504,308 499,470
Selling, general and administrative expenses 174,271 170,386 336,050 327,603
Operating income 117,590 124,859 168,258 171,867
Interest expense, net 1,054 1,630 2,040 3,007
Income before income taxes 116,536 123,229 166,218 168,860
Income taxes 35,112 38,988 50,620 53,319
Net income 81,424 84,241 115,598 115,541
Less: net income attributable to non-controlling interest 16,803 18,818 25,440 27,070
Net income attributable to Watsco, Inc. $ 64,621 $ 65,423 $ 90,158 $ 88,471
Earnings per share for Common and Class B common stock:        
Basic $ 1.82 $ 1.86 $ 2.55 $ 2.52
Diluted $ 1.82 $ 1.85 $ 2.54 $ 2.51