Earnings (Loss) Per Share

6 Months Ended

Jul. 03, 2021

Basic earnings (loss) per common share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) 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 net earnings (loss) available to common stockholders and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings (loss) per share is as follows:


	Three Months Ended			Six Months Ended
	July 3, 2021		June 27, 2020	July 3, 2021	June 27, 2020
Net earnings (loss) attributable to Mohawk Industries, Inc.	$	336,285	(48,257)	573,092	62,257



Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding—basic	69,432		71,186	69,809	71,364
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net(1)	313		—	293	183
Weighted-average common shares outstanding-diluted	69,745		71,186	70,102	71,547

Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic	$	4.84	(0.68)	8.21	0.87
Diluted	$	4.82	(0.68)	8.18	0.87

(1) Due to the anti-dilutive effect resulting from the reported net loss, an incremental 167 of potentially dilutive securities were omitted from the calculation of weighted-average common shares outstanding for the three months ended June 27, 2020. The impact of these potentially dilutive securities was included in the calculation of weighted-average common shares outstanding for diluted earnings per share for the six months ended June 27, 2020.