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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2021
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,		  
     2021      2020      2021      2020  
Basic Earnings per Share:
                                    
Net income attributable to Watsco, Inc. shareholders
   
$
140,865
 
    $ 106,489     
$
340,059
 
    $ 223,569  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
12,590
 
      9,146     
 
30,182
 
      19,178  
    
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
128,275
 
    $ 97,343     
$
309,877
 
    $ 204,391  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 -
 
Basic
   
 
35,260,126
 
      35,099,871     
 
35,222,865
 
      35,046,156  
Basic earnings per share for Common and Class B common stock
   
$
3.64
 
    $ 2.77     
$
8.80
 
    $ 5.83  
Allocation of earnings for Basic:
                                    
Common stock
   
$
118,905
 
    $ 90,197     
$
287,217
 
    $ 189,364  
Class B common stock
   
 
9,370
 
      7,146     
 
22,660
 
      15,027  
    
 
 
     
 
 
     
 
 
     
 
 
  
    
$
128,275
 
    $ 97,343     
$
309,877
 
    $ 204,391  
    
 
 
     
 
 
     
 
 
     
 
 
  
Diluted Earnings per Share:
                                    
Net income attributable to Watsco, Inc. shareholders
   
$
140,865
 
    $ 106,489     
$
340,059
 
    $ 223,569  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
12,563
 
      9,135     
 
30,132
 
      19,175  
    
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
128,302
 
    $ 97,354     
$
309,927
 
    $ 204,394  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 -
 
Basic
   
 
35,260,126
 
      35,099,871     
 
35,222,865
 
      35,046,156  
Effect of dilutive stock options
   
 
181,852
 
      137,151     
 
177,389
 
      62,887  
 
   
 
 
     
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding
 -
 
Diluted
   
 
35,441,978
 
      35,237,022     
 
35,400,254
 
      35,109,043  
 
   
 
 
     
 
 
     
 
 
     
 
 
  
Diluted earnings per share for Common and Class B common stock
   
$
3.62
 
    $ 2.76     
$
8.75
 
    $ 5.82  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anti-dilutive stock options not included above
   
 
63,959
 
      3,750     
 
27,513
 
      27,755