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Condensed Consolidated Unaudited Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 872,095	$ 851,424
Cost of sales	653,539	638,977
Gross profit	218,556	212,447
Selling, general and administrative expenses	169,857	161,779
Operating income	48,699	50,668
Interest expense, net	1,255	986
Income before income taxes	47,444	49,682
Income taxes	13,676	15,508
Net income	33,768	34,174
Less: net income attributable to non-controlling interest	7,587	8,637
Net income attributable to Watsco, Inc.	$ 26,181	$ 25,537
Earnings per share for Common and Class B common stock:
Basic and diluted	$ 0.71	$ 0.71

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The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

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