EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Basic and Diluted Earnings Per Common Share

The following table presents the calculation of basic and diluted earnings per common share for our Common and Class B common stock:

Quarters Ended March 31,	2015		2014
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	23,048	$	16,753
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		1,868		1,242
Earnings allocated to Watsco, Inc. shareholders	$	21,180	$	15,511
Weighted-average common shares outstanding – Basic		32,377,159		32,249,988
Basic earnings per share for Common and Class B common stock	$	0.65	$	0.48
Allocation of earnings for Basic:
Common stock	$	19,409	$	14,211
Class B common stock		1,771		1,300
	$	21,180	$	15,511
Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	23,048	$	16,753
Less: distributed and undistributed earnings allocated to non-vested (restricted) common stock		1,868		1,242
Earnings allocated to Watsco, Inc. shareholders	$	21,180	$	15,511
Weighted-average common shares outstanding – Basic		32,377,159		32,249,988
Effect of dilutive stock options		53,918		55,457
Weighted-average common shares outstanding – Diluted		32,431,077		32,305,445
Diluted earnings per share for Common and Class B common stock	$	0.65	$	0.48