XML 46 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Computations of Basic and Diluted Earnings (Loss) Per Share
Computations of basic and diluted earnings per share are presented in the following table:
 
2019
 
2018
 
2017
Earnings attributable to Mohawk Industries, Inc.
$
744,211

 
861,704

 
971,638

Accretion of redeemable noncontrolling interest (a)
—

 
(3,892
)
 
(46
)
Net earnings available to common stockholders
$
744,211

 
857,812

 
971,592

 
 
 
 
 
 
Weighted-average common shares outstanding-basic and diluted:
 
 
 
 
 
Weighted-average common shares outstanding - basic
71,986

 
74,413

 
74,357

Add weighted-average dilutive potential common shares - options and RSUs to purchase common shares, net
278

 
360

 
482

Weighted-average common shares outstanding-diluted
72,264

 
74,773

 
74,839

Earnings per share attributable to Mohawk Industries, Inc.
 
 
 
 
 
  Basic
$
10.34

 
11.53

 
13.07

  Diluted
$
10.30

 
11.47

 
12.98



(a) Represents the accretion of the Company’s redeemable noncontrolling interest to redemption value. The holder put this option to the Company on December 20, 2018 for $33,884
Changes in Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component, net of tax, for years ended December 31, 2019, 2018 and 2017 are as follows:
 
Foreign currency translation adjustments
 
Pensions and post-retirement benefits
 
Total
Balance as of December 31, 2016
$
(825,354
)
 
(7,673
)
 
(833,027
)
Current period other comprehensive income (loss) before reclassifications
277,427

 
(2,927
)
 
274,500

Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
—

Balance as of December 31, 2017
(547,927
)
 
(10,600
)
 
(558,527
)
Current period other comprehensive income (loss) before reclassifications
(234,175
)
 
1,094

 
(233,081
)
Amounts reclassified from accumulated other comprehensive income
—

 
—

 
—

Balance as of December 31, 2018
(782,102
)
 
(9,506
)
 
(791,608
)
Current period other comprehensive income (loss) before reclassifications
28,994

 
(3,210
)
 
25,784

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
—

 
—

Balance as of December 31, 2019
$
(753,108
)
 
(12,716
)
 
(765,824
)