Basic net earnings per share ("EPS") is calculated using net earnings available to common stockholders divided by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS is similar to basic EPS except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.

Dilutive common stock options are included in the diluted EPS calculation using the treasury stock method. Common stock options and unvested restricted shares (units) that were not included in the diluted EPS computation because the price was greater than the average market price of the common shares for the three months ended July 2, 2011 and July 3, 2010 were 1,119 and 1,208, respectively. Common stock options and unvested restricted shares (units) that were not included in the diluted EPS computation because the price was greater than the average market price of the common shares for the six months ended July 2, 2011 and July 3, 2010 were 1,125 and 1,199, respectively.


	Three Months Ended					Six Months Ended
	July 2, 2011		July 3, 2010			July 2, 2011		July 3, 2010
Net earnings attributable to Mohawk Industries, Inc.	$	60,903		68,081			84,345		88,619
Accretion of redeemable noncontrolling interest (1)		—		(3,057	)		—		(3,057	)

Net earnings available to common stockholders	$	60,903		65,024			84,345		85,562


Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding - basic		68,744		68,585			68,709		68,554
Add weighted-average dilutive potential common shares - options and RSU's to purchase common shares, net		237		204			233		206

Weighted-average common shares outstanding-diluted		68,981		68,789			68,942		68,760

Basic earnings per share attributable to Mohawk Industries, Inc. (2)	$	0.89		0.95			1.23		1.25

Diluted earnings per share attributable to Mohawk Industries, Inc. (2)	$	0.88		0.95			1.22		1.24

(1)	Amount represents the adjustment to fair value of a redeemable noncontrolling interest in a consolidated subsidiary

(2)

Basic EPS for the three and six months ended July 3, 2010, includes a decrease of approximately $0.04 (from $0.99 and $1.29, respectively), and diluted EPS for the three and six months ended July 3, 2010, includes a decrease of approximately $0.04 (from $1.29) and $0.05 (from $1.29), respectively, related to the correction of an immaterial error for a change in fair value of a redeemable noncontrolling interest in a consolidated subsidiary of the Company. For more information on this matter, see notes 1(b) and 16 to the notes to the consolidated financial statements in the Company's 2010 Annual Report on Form 10-K.