XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 18,057 $ 15,673
Accounts receivable, net 339,378 327,664
Inventories 532,432 465,349
Other current assets 21,095 19,491
Total current assets 910,962 828,177
Property and equipment, net 40,727 39,455
Goodwill 319,440 319,440
Intangible assets, net 74,753 75,366
Other assets 4,731 5,710
Total assets 1,350,613 1,268,148
Current liabilities:    
Current portion of long-term obligations 16 19
Borrowings under revolving credit agreements 42,500 20,000
Accounts payable 182,462 127,359
Accrued expenses and other current liabilities 82,361 75,661
Total current liabilities 307,339 223,039
Deferred income taxes and other liabilities 43,315 43,399
Commitments and contingencies      
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value      
Paid-in capital 498,675 493,519
Accumulated other comprehensive loss, net of tax (336) (352)
Retained earnings 392,356 404,360
Treasury stock, at cost (114,425) (114,425)
Total Watsco, Inc. shareholders' equity 796,013 802,790
Noncontrolling interest 203,946 198,920
Total shareholders' equity 999,959 1,001,710
Total liabilities and shareholders' equity 1,350,613 1,268,148
Common Stock [Member]
   
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 17,364 17,338
Class B Common Stock [Member]
   
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,379 $ 2,350