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EARNINGS PER SHARE (Tables)
 3 Months Ended
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