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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 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:
|  | Quarter Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Basic Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 171,031 |  |  | $ | 170,953 |  |  | $ | 439,445 |  |  | $ | 453,790 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 11,899 |  |  |  | 11,921 |  |  |  | 30,708 |  |  |  | 31,248 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 159,132 |  |  | $ | 159,032 |  |  | $ | 408,737 |  |  | $ | 422,542 |
Weighted-average common shares outstanding - Basic |  |  | 37,552,000 |  |  |  | 36,446,825 |  |  |  | 37,314,089 |  |  |  | 36,315,680 |
Basic earnings per share for Common and Class B common stock |  | $ | 4.24 |  |  | $ | 4.36 |  |  | $ | 10.95 |  |  | $ | 11.64 |
Allocation of earnings for Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 145,413 |  |  | $ | 144,942 |  |  | $ | 373,273 |  |  | $ | 384,970 |
Class B common stock |  |  | 13,719 |  |  |  | 14,090 |  |  |  | 35,464 |  |  |  | 37,572 |
|  | $ | 159,132 |  |  | $ | 159,032 |  |  | $ | 408,737 |  |  | $ | 422,542 |
Diluted Earnings per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Watsco, Inc. shareholders |  | $ | 171,031 |  |  | $ | 170,953 |  |  | $ | 439,445 |  |  | $ | 453,790 |
Less: distributed and undistributed earnings allocated to restricted common stock |  |  | 11,886 |  |  |  | 11,903 |  |  |  | 30,682 |  |  |  | 31,211 |
Earnings allocated to Watsco, Inc. shareholders |  | $ | 159,145 |  |  | $ | 159,050 |  |  | $ | 408,763 |  |  | $ | 422,579 |
Weighted-average common shares outstanding - Basic |  |  | 37,552,000 |  |  |  | 36,446,825 |  |  |  | 37,314,089 |  |  |  | 36,315,680 |
Effect of dilutive stock options |  |  | 119,752 |  |  |  | 132,583 |  |  |  | 119,761 |  |  |  | 122,395 |
Weighted-average common shares outstanding - Diluted |  |  | 37,671,752 |  |  |  | 36,579,408 |  |  |  | 37,433,850 |  |  |  | 36,438,075 |
Diluted earnings per share for Common and Class B common stock |  | $ | 4.22 |  |  | $ | 4.35 |  |  | $ | 10.92 |  |  | $ | 11.60 |
Anti-dilutive stock options not included above |  |  | 16,519 |  |  |  | 24,988 |  |  |  | 28,274 |  |  |  | 37,533 |

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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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