(Loss) Earnings Per Share

9 Months Ended

Oct. 01, 2022

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


	Three Months Ended			Nine Months Ended
	October 1, 2022		October 2, 2021	October 1, 2022	October 2, 2021
Net (loss) earnings attributable to Mohawk Industries, Inc.	$	(533,969)	270,978	(8,209)	844,070



Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding—basic	63,534		68,541	63,923	69,389
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net (1)	—		323	—	294
Weighted-average common shares outstanding-diluted	63,534		68,864	63,923	69,683

(Loss) earnings per share attributable to Mohawk Industries, Inc.
Basic	$	(8.40)	3.95	(0.13)	12.16
Diluted	$	(8.40)	3.93	(0.13)	12.11

(1) Due to the anti-dilutive effect resulting from the reported net loss, 257 and 246 of potentially dilutive securities were omitted from the calculation of weighted-average common shares outstanding for the three and nine months ended October 1, 2022, respectively.