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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2023
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,		  
     2023      2022      2023      2022  
Basic Earnings per Share:
                                    
Net income attributable to Watsco, Inc. shareholders
   
$
172,764
 
    $ 192,557     
$
282,837
 
    $ 305,855  
Less: distributed and undistributed earnings allocated to
restricted common stock
   
 
11,933
 
      17,600       
19,341
        27,902  
    
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
160,831
 
    $ 174,957     
$
263,496
 
    $ 277,953  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding—Basic
   
 
36,304,824
 
      35,403,171     
 
36,249,021
 
      35,376,223  
Basic earnings per share for Common and Class B common
stock
   
$
4.43
 
    $ 4.94     
$
7.27
 
    $ 7.86  
Allocation of earnings for Basic:
                                    
Common stock
   
$
146,511
 
    $ 162,229     
$
239,999
 
    $ 257,716  
Class B common stock
     
14,320
        12,728       
23,497
        20,237  
    
 
 
     
 
 
     
 
 
     
 
 
  
    
$
160,831
 
    $ 174,957     
$
263,496
 
    $ 277,953  
    
 
 
     
 
 
     
 
 
     
 
 
  
Diluted Earnings per Share:
                                    
Net income attributable to Watsco, Inc. shareholders
   
$
172,764
 
    $ 192,557     
$
282,837
 
    $ 305,855  
Less: distributed and undistributed earnings allocated to
restricted common stock
   
 
11,916
 
      17,570       
19,322
        27,856  
    
 
 
     
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
160,848
 
    $ 174,987     
$
263,515
 
    $ 277,999  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding—Basic
   
 
36,304,824
 
      35,403,171     
 
36,249,021
 
      35,376,223  
Effect of dilutive stock options
   
 
125,113
 
      117,992       
117,216
        136,595  
    
 
 
     
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding—Diluted
   
 
36,429,937
 
      35,521,163       
36,366,237
        35,512,818  
    
 
 
     
 
 
     
 
 
     
 
 
  
Diluted earnings per share for Common and Class B common
stock
   
$
4.42
 
    $ 4.93     
$
7.25
 
    $ 7.83  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anti-dilutive stock options not included above
   
 
24,328
 
      185,872     
 
79,271
 
      167,441