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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 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:
|  | Quarter Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 192,557 |  |  | $ | 144,102 |  |  | $ | 305,855 |  |  | $ | 199,194 |
Less: distributed and undistributed earnings allocated to non-vested restricted common stock |  |  | 17,600 |  |  |  | 12,779 |  |  |  | 27,902 |  |  |  | 17,618 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 174,957 |  |  | $ | 131,323 |  |  | $ | 277,953 |  |  | $ | 181,576 |
Weighted-average common shares outstanding - Basic |  |  | 35,403,171 |  |  |  | 35,228,061 |  |  |  | 35,376,223 |  |  |  | 35,203,925 |
Basic earnings per share for Common and Class B common stock |  | $ | 4.94 |  |  | $ | 3.73 |  |  | $ | 7.86 |  |  | $ | 5.16 |
Allocation of earnings for Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 162,229 |  |  | $ | 121,745 |  |  | $ | 257,716 |  |  | $ | 168,324 |
Class B common stock |  |  | 12,728 |  |  |  | 9,578 |  |  |  | 20,237 |  |  |  | 13,252 |
|  | $ | 174,957 |  |  | $ | 131,323 |  |  | $ | 277,953 |  |  | $ | 181,576 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 192,557 |  |  | $ | 144,102 |  |  | $ | 305,855 |  |  | $ | 199,194 |
Less: distributed and undistributed earnings allocated to non-vested restricted common stock |  |  | 17,570 |  |  |  | 12,748 |  |  |  | 27,856 |  |  |  | 17,596 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 174,987 |  |  | $ | 131,354 |  |  | $ | 277,999 |  |  | $ | 181,598 |
Weighted-average common shares outstanding - Basic |  |  | 35,403,171 |  |  |  | 35,228,061 |  |  |  | 35,376,223 |  |  |  | 35,203,925 |
Effect of dilutive stock options |  |  | 117,992 |  |  |  | 199,657 |  |  |  | 136,595 |  |  |  | 175,121 |
Weighted-average common shares outstanding - Diluted |  |  | 35,521,163 |  |  |  | 35,427,718 |  |  |  | 35,512,818 |  |  |  | 35,379,046 |
Diluted earnings per share for Common and Class B common stock |  | $ | 4.93 |  |  | $ | 3.71 |  |  | $ | 7.83 |  |  | $ | 5.13 |
Anti-dilutive stock options not included above |  |  | 185,872 |  |  |  | 10,907 |  |  |  | 167,441 |  |  |  | 7,144 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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