EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

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


Years Ended December 31,	2020		2019		2018
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	269,579	$	245,950	$	242,932
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		23,140		20,412		19,792

Earnings allocated to Watsco, Inc. shareholders	$	246,439	$	225,538	$	223,140

Weighted-average common shares outstanding - Basic		35,069,516		34,644,700		34,319,890

Basic earnings per share for Common and Class B common stock	$	7.03	$	6.51	$	6.50

Allocation of earnings for Basic:
Common stock	$	228,361	$	208,779	$	206,355
Class B common stock		18,078		16,759		16,785

	$	246,439	$	225,538	$	223,140

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	269,579	$	245,950	$	242,932
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		23,140		20,411		19,788

Earnings allocated to Watsco, Inc. shareholders	$	246,439	$	225,539	$	223,144

Weighted-average common shares outstanding - Basic		35,069,516		34,644,700		34,319,890
Effect of dilutive stock options		81,055		30,941		54,379

Weighted-average common shares outstanding - Diluted		35,150,571		34,675,641		34,374,269

Diluted earnings per share for Common and Class B common stock	$	7.01	$	6.50	$	6.49