XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 24,447us-gaap_CashAndCashEquivalentsAtCarryingValue $ 19,478us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 434,234us-gaap_AccountsReceivableNetCurrent 399,565us-gaap_AccountsReceivableNetCurrent
Inventories 677,990us-gaap_InventoryNet 583,154us-gaap_InventoryNet
Other current assets 20,664us-gaap_OtherAssetsCurrent 18,905us-gaap_OtherAssetsCurrent
Total current assets 1,157,335us-gaap_AssetsCurrent 1,021,102us-gaap_AssetsCurrent
Property and equipment, net 53,480us-gaap_PropertyPlantAndEquipmentNet 45,418us-gaap_PropertyPlantAndEquipmentNet
Goodwill 387,311us-gaap_Goodwill 392,610us-gaap_Goodwill
Intangible assets, net 186,476us-gaap_IntangibleAssetsNetExcludingGoodwill 203,843us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 6,465us-gaap_OtherAssetsNoncurrent 6,558us-gaap_OtherAssetsNoncurrent
Assets, Total 1,791,067us-gaap_Assets 1,669,531us-gaap_Assets
Current liabilities:    
Current portion of other long-term obligations 169us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 107us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Accounts payable 173,360us-gaap_AccountsPayableCurrent 141,104us-gaap_AccountsPayableCurrent
Accrued expenses and other current liabilities 113,493us-gaap_AccruedLiabilitiesCurrent 102,295us-gaap_AccruedLiabilitiesCurrent
Total current liabilities 287,022us-gaap_LiabilitiesCurrent 243,506us-gaap_LiabilitiesCurrent
Long-term obligations:    
Borrowings under revolving credit agreement 303,199us-gaap_LongTermLineOfCredit 230,044us-gaap_LongTermLineOfCredit
Other long-term obligations, net of current portion 686us-gaap_LongTermDebtAndCapitalLeaseObligations 513us-gaap_LongTermDebtAndCapitalLeaseObligations
Total long-term obligations 303,885us-gaap_LongTermDebtNoncurrent 230,557us-gaap_LongTermDebtNoncurrent
Deferred income taxes and other liabilities 68,121us-gaap_DeferredTaxAndOtherLiabilitiesNoncurrent 68,076us-gaap_DeferredTaxAndOtherLiabilitiesNoncurrent
Commitments and contingencies      
Watsco, Inc. shareholders' equity:    
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Paid-in capital 580,564us-gaap_AdditionalPaidInCapital 606,384us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive loss, net of tax (23,747)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (11,474)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 420,879us-gaap_RetainedEarningsAccumulatedDeficit 339,362us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, at cost, 6,322,650 shares of Common stock and 48,263 shares of Class B common stock at both December 31, 2014 and 2013 (114,425)us-gaap_TreasuryStockValue (114,425)us-gaap_TreasuryStockValue
Total Watsco, Inc. shareholders' equity 883,960us-gaap_StockholdersEquity 840,396us-gaap_StockholdersEquity
Noncontrolling interest 248,079us-gaap_MinorityInterest 286,996us-gaap_MinorityInterest
Total shareholders' equity 1,132,039us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,127,392us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholders' equity 1,791,067us-gaap_LiabilitiesAndStockholdersEquity 1,669,531us-gaap_LiabilitiesAndStockholdersEquity
Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value 18,222us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
18,182us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
Class B Common Stock    
Watsco, Inc. shareholders' equity:    
Common stock, $0.50 par value $ 2,467us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 2,367us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember