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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 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 stock:
 
Years Ended December 31,
2024
2023
2022
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders
   
$
536,286
    $ 536,337      $ 601,167  
Less: distributed and undistributed earnings allocated to restricted common stock
   
37,392
     36,966        51,365  
  
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
498,894
   $ 499,371      $ 549,802  
  
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding - Basic
   
37,391,461
     36,406,148        35,564,203  
  
 
 
     
 
 
     
 
 
  
Basic earnings per share for common stock
   
$
13.34
   $ 13.72      $ 15.46  
  
 
 
     
 
 
     
 
 
  
Allocation of earnings for Basic:
Common stock
   
$
454,680
   $ 455,186      $ 499,792  
Class B common stock
   
44,214
     44,185        50,010  
  
 
 
     
 
 
     
 
 
  
  
$
498,894
   $ 499,371      $ 549,802  
  
 
 
     
 
 
     
 
 
  
Diluted Earnings per Share:
         
Net income attributable to Watsco, Inc. shareholders
   
$
536,286
   $ 536,337      $ 601,167  
Less: distributed and undistributed earnings allocated to restricted common stock
   
37,369
     36,932        51,294  
  
 
 
     
 
 
     
 
 
  
Earnings allocated to Watsco, Inc. shareholders
   
$
498,917
   $ 499,405      $ 549,873  
  
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding - Basic
   
37,391,461
     36,406,148        35,564,203  
Effect of dilutive stock options
   
118,871
     125,535        119,431  
  
 
 
     
 
 
     
 
 
  
Weighted-average common shares outstanding - Diluted
   
37,510,332
     36,531,683        35,683,634  
  
 
 
     
 
 
     
 
 
  
Diluted earnings per share for common stock
   
$
13.30
   $ 13.67      $ 15.41