XML 30 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per share
3 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share

Basic earnings per common share is computed by dividing earnings from continuing operations attributable to Mohawk Industries, Inc. by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the exercise of outstanding stock options and the vesting of RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of earnings attributable to Mohawk Industries, Inc. and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:

    
 
Three Months Ended
 
April 1,
2017
 
April 2,
2016
Net earnings attributable to Mohawk Industries, Inc.
$
200,554

 
171,548

Accretion of redeemable noncontrolling interest

 

Net earnings available to common stockholders
$
200,554

 
171,548

 
 
 
 
Weighted-average common shares outstanding-basic and diluted:
 
 
 
Weighted-average common shares outstanding—basic
74,212

 
73,976

Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net
542

 
514

Weighted-average common shares outstanding-diluted
74,754

 
74,490

 
 
 
 
Earnings per share attributable to Mohawk Industries, Inc.
 
 
 
Basic
$
2.70

 
2.32

Diluted
$
2.68

 
2.30