EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

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,	2021		2020		2019
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	418,945	$	269,579	$	245,950
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		37,273		23,140		20,412

Earnings allocated to Watsco, Inc. shareholders	$	381,672	$	246,439	$	225,538

Weighted-average common shares outstanding—Basic		35,244,230		35,069,516		34,644,700

Basic earnings per share for Common and Class B common stock	$	10.83	$	7.03	$	6.51

Allocation of earnings for Basic:
Common stock	$	353,873	$	228,361	$	208,779
Class B common stock		27,799		18,078		16,759

	$	381,672	$	246,439	$	225,538

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	418,945	$	269,579	$	245,950
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		37,222		23,140		20,411

Earnings allocated to Watsco, Inc. shareholders	$	381,723	$	246,439	$	225,539

Weighted-average common shares outstanding—Basic		35,244,230		35,069,516		34,644,700
Effect of dilutive stock options		179,608		81,055		30,941

Weighted-average common shares outstanding—Diluted		35,423,838		35,150,571		34,675,641

Diluted earnings per share for Common and Class B common stock	$	10.78	$	7.01	$	6.50