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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2024
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:
Quarters Ended March 31, |  | 2024 |  |  | 2023 |
Basic Earnings per Share: |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 87,004 |  |  | $ | 110,073 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 6,836 |  |  |  | 7,414 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 80,168 |  |  | $ | 102,659 |
Weighted-average common shares outstanding – Basic |  |  | 36,875,549 |  |  |  | 36,192,597 |
Basic earnings per share for Common and Class B common stock |  | $ | 2.17 |  |  | $ | 2.84 |
Allocation of earnings for Basic: |  |  |  |  |  |  |  |
Common stock |  | $ | 73,166 |  |  | $ | 93,489 |
Class B common stock |  |  | 7,002 |  |  |  | 9,170 |
|  | $ | 80,168 |  |  | $ | 102,659 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 87,004 |  |  | $ | 110,073 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 6,836 |  |  |  | 7,411 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 80,168 |  |  | $ | 102,662 |
Weighted-average common shares outstanding – Basic |  |  | 36,875,549 |  |  |  | 36,192,597 |
Effect of dilutive stock options |  |  | 123,999 |  |  |  | 109,231 |
Weighted-average common shares outstanding – Diluted |  |  | 36,999,548 |  |  |  | 36,301,828 |
Diluted earnings per share for Common and Class B common stock |  | $ | 2.17 |  |  | $ | 2.83 |
Anti-dilutive stock options not included above |  |  | 46,456 |  |  |  | 169,916 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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