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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues $ 1,275,924 $ 1,214,435 $ 2,148,019 $ 2,065,859
Cost of sales 965,646 922,574 1,619,185 1,561,551
Gross profit 310,278 291,861 528,834 504,308
Selling, general and administrative expenses 180,930 174,271 350,787 336,050
Operating income 129,348 117,590 178,047 168,258
Interest expense, net 1,647 1,054 2,902 2,040
Income before income taxes 127,701 116,536 175,145 166,218
Income taxes 36,854 35,112 50,530 50,620
Net income 90,847 81,424 124,615 115,598
Less: net income attributable to non-controlling interest 17,091 16,803 24,678 25,440
Net income attributable to Watsco, Inc. $ 73,756 $ 64,621 $ 99,937 $ 90,158
Earnings per share for Common and Class B common stock:        
Basic $ 2.07 $ 1.82 $ 2.80 $ 2.55
Diluted $ 2.07 $ 1.82 $ 2.80 $ 2.54