Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

WATSCO, INC. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA

(UNAUDITED)

(In thousands, except per share data)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Total
Year Ended December 31, 2011
Revenues (1)	$	534,339	$	883,548	$	914,039	$	645,833	$	2,977,759
Gross profit		134,986		213,191		219,407		160,710		728,294
Net income attributable to Watsco, Inc.	$	7,500	$	36,023	$	33,547	$	13,380	$	90,450
Earnings per share for Common and Class B common stock (2):
Basic	$	0.21	$	1.09	$	1.02	$	0.39	$	2.75
Diluted	$	0.21	$	1.09	$	1.02	$	0.39	$	2.74
Year Ended December 31, 2010
Revenues (1)	$	509,755	$	864,805	$	812,787	$	657,248	$	2,844,595
Gross profit		122,604		201,069		195,541		154,027		673,241
Net income attributable to Watsco, Inc.	$	3,833	$	35,045	$	31,437	$	10,445	$	80,760
Earnings per share for Common and Class B common stock (2):
Basic	$	0.10	$	1.08	$	0.97	$	0.31	$	2.49
Diluted	$	0.10	$	1.08	$	0.97	$	0.31	$	2.49

(1) Sales of residential central air conditioners, heating equipment and parts and supplies are seasonal. Demand related to the residential central air conditioning replacement market is typically highest in the second and third quarters and demand for heating equipment is usually highest in the fourth quarter. Demand related to the new construction sectors throughout most of the markets is fairly consistent during the year, except for dependence on housing completions and related weather and economic conditions.

(2) Quarterly and year-to-date earnings per share are calculated on an individual basis; therefore, the sum of earnings per share amounts for the quarters may not equal earnings per share amounts for the year.