EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	181,410	$	172,764	$	268,414	$	282,837
Less: distributed and undistributed earnings allocated to restricted common stock		12,623		11,933		18,802		19,341
Earnings allocated to Watsco, Inc. shareholders	$	168,787	$	160,831	$	249,612	$	263,496
Weighted-average common shares outstanding - Basic		37,512,105		36,304,824		37,193,827		36,249,021
Basic earnings per share for Common and Class B common stock	$	4.50	$	4.43	$	6.71	$	7.27

	Quarter Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Allocation of earnings for Basic:
Common stock	$	154,282	$	146,511	$	227,977	$	239,999
Class B common stock		14,505		14,320		21,635		23,497
	$	168,787	$	160,831	$	249,612	$	263,496
Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	181,410	$	172,764	$	268,414	$	282,837
Less: distributed and undistributed earnings allocated to restricted common stock		12,608		11,916		18,788		19,322
Earnings allocated to Watsco, Inc. shareholders	$	168,802	$	160,848	$	249,626	$	263,515
Weighted-average common shares outstanding - Basic		37,512,105		36,304,824		37,193,827		36,249,021
Effect of dilutive stock options		115,532		125,113		119,766		117,216
Weighted-average common shares outstanding - Diluted		37,627,637		36,429,937		37,313,593		36,366,237
Diluted earnings per share for Common and Class B common stock	$	4.49	$	4.42	$	6.69	$	7.25
Anti-dilutive stock options not included above		25,421		24,328		27,455		79,271