XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2022
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,
  
2022
 
  
2021
 
Basic Earnings per Share:
  
  
Net income attributable to Watsco, Inc. shareholders
   
$
113,298
 
    $ 55,092  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
10,311
 
      6,054  
    
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
102,987
 
    $ 49,038  
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
   
 
35,348,977
 
      35,179,521  
     
Basic earnings per share for Common and Class B common stock
   
$
2.91
 
    $ 1.39  
     
Allocation of earnings for Basic:
                  
Common stock
   
$
95,521
 
    $ 45,452  
Class B common stock
   
 
7,466
 
      3,586  
    
 
 
     
 
 
  
    
$
102,987
 
    $ 49,038  
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Diluted Earnings per Share:
                  
Net income attributable to Watsco, Inc. shareholders
   
$
113,298
 
    $ 55,092  
Less: distributed and undistributed earnings allocated to
non-vested
restricted common stock
   
 
10,297
 
      6,054  
    
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
103,001
 
    $ 49,038  
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding – Basic
   
 
35,348,977
 
      35,179,521  
Effect of dilutive stock options
   
 
155,403
 
      150,312  
    
 
 
     
 
 
  
Weighted-average common shares outstanding – Diluted
   
 
35,504,380
 
      35,329,833  
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
Diluted earnings per share for Common and Class B common stock
   
$
2.90
 
    $ 1.39  
     
Anti-dilutive stock options not included above
   
 
143,372
 
      5,911