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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income $ 634,139 $ 703,696 $ 498,735
Other comprehensive income (loss), net of tax      
Foreign currency translation adjustment 7,906 (20,305) 936
Unrealized gain on cash flow hedging instruments 0 0 70
Reclassification of loss on cash flow hedging instruments into earnings 0 0 219
Other comprehensive income (loss) 7,906 (20,305) 1,225
Comprehensive income 642,045 683,391 499,960
Less: comprehensive income attributable to non-controlling interest 100,329 95,758 80,324
Comprehensive income attributable to Watsco, Inc. $ 541,716 $ 587,633 $ 419,636