EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

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:

	Quarter Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	83,480	$	79,163	$	208,672	$	203,339
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		6,973		6,451		17,326		16,600
Earnings allocated to Watsco, Inc. shareholders	$	76,507	$	72,712	$	191,346	$	186,739
Weighted-average common shares outstanding - Basic		34,755,627		34,339,859		34,544,425		34,301,672
Basic earnings per share for Common and Class B common stock	$	2.20	$	2.12	$	5.54	$	5.44
Allocation of earnings for Basic:
Common stock	$	70,836	$	67,201	$	177,075	$	172,571
Class B common stock		5,671		5,511		14,271		14,168
	$	76,507	$	72,712	$	191,346	$	186,739
Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	83,480	$	79,163	$	208,672	$	203,339
Less: distributed and undistributed earnings allocated to non-vested restricted common stock		6,971		6,448		17,325		16,593
Earnings allocated to Watsco, Inc. shareholders	$	76,509	$	72,715	$	191,347	$	186,746
Weighted-average common shares outstanding - Basic		34,755,627		34,339,859		34,544,425		34,301,672
Effect of dilutive stock options		33,328		59,530		25,294		64,850
Weighted-average common shares outstanding - Diluted		34,788,955		34,399,389		34,569,719		34,366,522
Diluted earnings per share for Common and Class B common stock	$	2.20	$	2.11	$	5.54	$	5.43
Anti-dilutive stock options not included above		183,083		79,316		220,013		39,751