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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
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,
 
2020
 
  
2019
 
Basic Earnings per Share:
 
 
 
  
 
 
Net income attributable to Watsco, Inc. shareholders
 
$
30,502
 
   $
35,037
 
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
  
 
5,233
 
    
4,924
 
                 
Earnings allocated to Watsco, Inc. shareholders
 
$
25,269
 
   $
30,113
 
                 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
 
 
34,995,048
 
    
34,388,117
 
 
 
 
 
 
 
 
 
 
Basic earnings per share for Common and Class B common stock
 
$
0.72
 
   $
0.88
 
Allocation of earnings for Basic:
   
     
 
Common stock
 
$
23,409
 
   $
27,856
 
Class B common stock
 
 
1,860
 
    
2,257
 
                 
 
$
25,269
 
   $
30,113
  
                 
Diluted Earnings per Share:
 
 
 
  
 
 
Net income attributable to Watsco, Inc. shareholders
 
$
30,502
 
   $
35,037
 
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
  
 
5,233
 
    
4,924
 
                 
Earnings allocated to Watsco, Inc. shareholders
 
$
25,269
 
   $
30,113
 
                 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
 
 
34,995,048
 
    
34,388,117
 
Effect of dilutive stock options
 
 
28,941
 
    
14,485
 
                 
Weighted-average common shares outstanding – Diluted
 
 
35,023,989
 
    
34,402,602
 
                 
 
 
 
 
 
 
 
 
 
Diluted earnings per share for Common and Class B common stock
 
$
0.72
 
   $
0.88
 
 
 
 
 
 
 
 
 
 
Anti-dilutive stock options not included above
 
 
164,130
 
    
322,584