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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 1,241,232 $ 1,177,012 $ 3,307,091 $ 3,209,423
Cost of sales 939,028 891,166 2,500,579 2,424,107
Gross profit 302,204 285,846 806,512 785,316
Selling, general and administrative expenses 182,904 175,166 518,954 502,769
Operating income 119,300 110,680 287,558 282,547
Interest expense, net 996 1,519 3,036 4,526
Income before income taxes 118,304 109,161 284,522 278,021
Income taxes 37,786 34,517 88,406 87,836
Net income 80,518 74,644 196,116 190,185
Less: net income attributable to non-controlling interest 17,419 16,676 42,859 43,746
Net income attributable to Watsco, Inc. $ 63,099 $ 57,968 $ 153,257 $ 146,439
Earnings per share for Common and Class B common stock:        
Basic $ 1.78 $ 1.64 $ 4.33 $ 4.16
Diluted $ 1.78 $ 1.64 $ 4.32 $ 4.16