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,*	2016		2015		2014
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	182,810	$	172,929	$	151,387
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		14,806		13,634		11,444

Earnings allocated to Watsco, Inc. shareholders	$	168,004	$	159,295	$	139,943

Weighted-average common shares outstanding - Basic		32,582,385		32,435,961		32,308,073

Basic earnings per share for Common and Class B common stock	$	5.16	$	4.91	$	4.33


Allocation of earnings for Basic:
Common stock	$	154,021	$	146,037	$	128,214
Class B common stock		13,983		13,258		11,729

	$	168,004	$	159,295	$	139,943


Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	182,810	$	172,929	$	151,387
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		14,801		13,626		11,435

Earnings allocated to Watsco, Inc. shareholders	$	168,009	$	159,303	$	139,952

Weighted-average common shares outstanding - Basic		32,582,385		32,435,961		32,308,073
Effect of dilutive stock options		34,119		44,395		50,781

Weighted-average common shares outstanding - Diluted		32,616,504		32,480,356		32,358,854

Diluted earnings per share for Common and Class B common stock	$	5.15	$	4.90	$	4.32