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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
Schedule of Basic and Diluted Earnings Per Common Share
The following table presents the calculation of basic and diluted earnings per share for our Common and Class B common stock:
 
Quarters Ended March 31,
 
2019
 
 
2018
 
Basic Earnings per Share:
 
 
 
 
 
 
 
 
Net income attributable to Watsco, Inc. shareholders
 
$
35,037
 
 
$
34,219
 
Less: distributed and undistributed earnings allocated to non-vested restricted common stock
 
 
4,924
 
 
 
3,775
 
Earnings allocated to Watsco, Inc. shareholders
 
$
30,113
 
 
$
30,444
 
Weighted-average common shares outstanding – Basic
 
 
34,388,117
 
 
 
34,254,331
 
Basic earnings per share for Common and Class B common stock
 
$
0.88
 
 
$
0.89
 
Allocation of earnings for Basic:
 
 
 
 
 
 
 
 
Common stock
 
$
27,856
 
 
$
28,134
 
Class B common stock
 
 
2,257
 
 
 
2,310
 
 
 
$
30,113
 
 
$
30,444
 
Diluted Earnings per Share:
 
 
 
 
 
 
 
 
Net income attributable to Watsco, Inc. shareholders
 
$
35,037
 
 
$
34,219
 
Less: distributed and undistributed earnings allocated to non-vested restricted common stock
 
 
4,924
 
 
 
3,775
 
Earnings allocated to Watsco, Inc. shareholders
 
$
30,113
 
 
$
30,444
 
Weighted-average common shares outstanding – Basic
 
 
34,388,117
 
 
 
34,254,331
 
Effect of dilutive stock options
 
 
14,485
 
 
 
65,779
 
Weighted-average common shares outstanding – Diluted
 
 
34,402,602
 
 
 
34,320,110
 
Diluted earnings per share for Common and Class B common stock
 
$
0.88
 
 
$
0.89
 
Anti-dilutive stock options not included above
 
 
322,584
 
 
 
9,228