EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2018

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 and Class B common stock:

Years Ended December 31,	2018		2017		2016
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	242,932	$	208,221	$	182,810
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		19,792		17,430		14,806
Earnings allocated to Watsco, Inc. shareholders	$	223,140	$	190,791	$	168,004
Weighted-average common shares outstanding - Basic		34,319,890		32,824,947		32,582,385
Basic earnings per share for Common and Class B common stock	$	6.50	$	5.81	$	5.16
Allocation of earnings for Basic:
Common stock	$	206,355	$	175,667	$	154,021
Class B common stock		16,785		15,124		13,983
	$	223,140	$	190,791	$	168,004
Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	242,932	$	208,221	$	182,810
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		19,788		17,427		14,801
Earnings allocated to Watsco, Inc. shareholders	$	223,144	$	190,794	$	168,009
Weighted-average common shares outstanding - Basic		34,319,890		32,824,947		32,582,385
Effect of dilutive stock options		54,379		37,686		34,119
Weighted-average common shares outstanding - Diluted		34,374,269		32,862,633		32,616,504
Diluted earnings per share for Common and Class B common stock	$	6.49	$	5.81	$	5.15