EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

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,	2022		2021		2020

Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	601,167	$	418,945	$	269,579
Less: distributed and undistributed earnings allocated to restricted common stock		51,365		37,273		23,140

Earnings allocated to Watsco, Inc. shareholders	$	549,802	$	381,672	$	246,439


Weighted-average common shares outstanding - Basic		35,564,203		35,244,230		35,069,516

Basic earnings per share for Common and Class B common stock	$	15.46	$	10.83	$	7.03

Allocation of earnings for Basic:
Common stock	$	499,792	$	353,873	$	228,361
Class B common stock		50,010		27,799		18,078

	$	549,802	$	381,672	$	246,439

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	601,167	$	418,945	$	269,579
Less: distributed and undistributed earnings allocated to restricted common stock		51,294		37,222		23,140

Earnings allocated to Watsco, Inc. shareholders	$	549,873	$	381,723	$	246,439


Weighted-average common shares outstanding - Basic		35,564,203		35,244,230		35,069,516
Effect of dilutive stock options		119,431		179,608		81,055

Weighted-average common shares outstanding - Diluted		35,683,634		35,423,838		35,150,571

Diluted earnings per share for Common and Class B common stock	$	15.41	$	10.78	$	7.01