EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

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