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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income $ 703,696 $ 498,735 $ 323,172
Other comprehensive (loss) income, net of tax      
Foreign currency translation adjustment (20,305) 936 6,272
Unrealized gain on cash flow hedging instruments 0 70 880
Reclassification of loss (gain) on cash flow hedging instruments into earnings 0 219 (418)
Other comprehensive (loss) income (20,305) 1,225 6,734
Comprehensive income 683,391 499,960 329,906
Less: comprehensive income attributable to non-controlling interest 95,758 80,324 56,144
Comprehensive income attributable to Watsco, Inc. $ 587,633 $ 419,636 $ 273,762