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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 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:
 
     Quarter Ended
September 30,		      Nine Months Ended
September 30,		  
     2020      2019      2020      2019  
Basic Earnings per Share:
            
Net income attributable to Watsco, Inc. shareholders
   
$
106,489
 
    $ 83,480     
$
223,569
 
    $ 208,672  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
9,146
 
      6,973     
 
19,178
 
      17,326  
  
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
97,343
 
    $ 76,507     
$
204,391
 
    $ 191,346  
  
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - Basic
   
 
35,099,871
 
      34,755,627     
 
35,046,156
 
      34,544,425  
Basic earnings per share for Common and Class B common stock
   
$
2.77
 
    $ 2.20     
$
5.83
 
    $ 5.54  
Allocation of earnings for Basic:
            
Common stock
   
$
90,197
 
    $ 70,836     
$
189,364
 
    $ 177,075  
Class B common stock
   
 
7,146
 
      5,671     
 
15,027
 
      14,271  
  
 
 
     
 
 
     
 
 
     
 
 
  
  
$
97,343
 
    $ 76,507     
$
204,391
 
    $ 191,346  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted Earnings per Share:
            
Net income attributable to Watsco, Inc. shareholders
   
$
106,489
 
    $ 83,480     
$
223,569
 
    $ 208,672  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
9,135
 
      6,971     
 
19,175
 
      17,325  
  
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
97,354
 
    $ 76,509     
$
204,394
 
    $ 191,347  
  
 
 
     
 
 
     
 
 
     
 
 
  
         
Weighted-average common shares outstanding - Basic
   
 
35,099,871
 
      34,755,627     
 
35,046,156
 
      34,544,425  
Effect of dilutive stock options
   
 
137,151
 
      33,328     
 
62,887
 
      25,294  
  
 
 
     
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding - Diluted
   
 
35,237,022
 
      34,788,955     
 
35,109,043
 
      34,569,719  
  
 
 
     
 
 
     
 
 
     
 
 
  
Diluted earnings per share for Common and Class B common stock
   
$
2.76
 
    $ 2.20     
$
5.82
 
    $ 5.54  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anti-dilutive stock options not included above
   
 
3,750
 
      183,083     
 
27,755
 
      220,013