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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues $ 1,332,743 $ 1,275,924 $ 2,259,320 $ 2,148,019
Cost of sales 1,011,977 965,646 1,707,721 1,619,185
Gross profit 320,766 310,278 551,599 528,834
Selling, general and administrative expenses 186,577 180,930 365,111 350,787
Other income 3,157   4,795  
Operating income 137,346 129,348 191,283 178,047
Interest expense, net 763 1,647 1,328 2,902
Income before income taxes 136,583 127,701 189,955 175,145
Income taxes 28,319 36,854 39,314 50,530
Net income 108,264 90,847 150,641 124,615
Less: net income attributable to non-controlling interest 18,307 17,091 26,465 24,678
Net income attributable to Watsco, Inc. $ 89,957 $ 73,756 $ 124,176 $ 99,937
Earnings per share for Common and Class B common stock:        
Basic $ 2.41 $ 2.07 $ 3.33 $ 2.80
Diluted $ 2.40 $ 2.07 $ 3.32 $ 2.80