EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

The following table presents the calculation of basic and diluted earnings per share for our Common and Class B common stock:


	Quarter Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	90,155	$	89,957	$	125,192	$	124,176
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		7,512		7,379		10,355		10,147

Earnings allocated to Watsco, Inc. shareholders	$	82,643	$	82,578	$	114,837	$	114,029


Weighted-average common shares outstanding - Basic		34,435,099		34,309,885		34,411,738		34,282,261
Basic earnings per share for Common and Class B common stock	$	2.40	$	2.41	$	3.34	$	3.33


Allocation of earnings for Basic:
Common stock	$	76,456	$	76,321	$	106,234	$	105,383
Class B common stock		6,187		6,257		8,603		8,646

	$	82,643	$	82,578	$	114,837	$	114,029


Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	90,155	$	89,957	$	125,192	$	124,176
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		7,511		7,374		10,354		10,144

Earnings allocated to Watsco, Inc. shareholders	$	82,644	$	82,583	$	114,838	$	114,032


Weighted-average common shares outstanding - Basic		34,435,099		34,309,885		34,411,738		34,282,261
Effect of dilutive stock options		27,861		69,310		21,210		67,554

Weighted-average common shares outstanding - Diluted		34,462,960		34,379,195		34,432,948		34,349,815

Diluted earnings per share for Common and Class B common stock	$	2.40	$	2.40	$	3.34	$	3.32
Anti-dilutive stock options not included above		174,457		40,797		213,270		24,044