EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

The following table presents the calculation of basic and diluted earnings per share for our Common and Class B common stock:


	Quarter Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	170,953	$	157,641	$	453,790	$	463,496
Less: distributed and undistributed earnings allocated to restricted common stock		11,921		14,387		31,248		42,293

Earnings allocated to Watsco, Inc. shareholders	$	159,032	$	143,254	$	422,542	$	421,203


Weighted-average common shares outstanding—Basic		36,446,825		35,450,277		36,315,680		35,401,179
Basic earnings per share for Common and Class B common stock	$	4.36	$	4.04	$	11.64	$	11.90
Allocation of earnings for Basic:
Common stock	$	144,942	$	132,846	$	384,970	$	390,557
Class B common stock		14,090		10,408		37,572		30,646

	$	159,032	$	143,254	$	422,542	$	421,203

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	170,953	$	157,641	$	453,790	$	463,496
Less: distributed and undistributed earnings allocated to restricted common stock		11,903		14,368		31,211		42,228

Earnings allocated to Watsco, Inc. shareholders	$	159,050	$	143,273	$	422,579	$	421,268


Weighted-average common shares outstanding—Basic		36,446,825		35,450,277		36,315,680		35,401,179
Effect of dilutive stock options		132,583		112,008		122,395		128,309

Weighted-average common shares outstanding—Diluted		36,579,408		35,562,285		36,438,075		35,529,488

Diluted earnings per share for Common and Class B common stock	$	4.35	$	4.03	$	11.60	$	11.86

Anti-dilutive stock options not included above		24,988		208,610		37,533		181,115