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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Condensed Consolidated Statements Of Operations        
Net sales $ 1,477,854 $ 1,400,086 $ 2,821,449 $ 2,747,322
Cost of sales 1,095,607 1,025,330 2,097,610 2,031,320
Gross profit 382,247 374,756 723,839 716,002
Selling, general and administrative expenses 280,547 285,030 566,055 572,655
Operating income 101,700 89,726 157,784 143,347
Other expense (income):        
Interest expense 25,760 39,031 52,355 72,939
Other expense 2,963 3,675 6,193 3,837
Other income (2,567) (3,131) (5,812) (7,824)
Total other loss (income) 26,156 39,575 52,736 68,952
Earnings before income taxes 75,544 50,151 105,048 74,395
Income tax expense (benefit) 13,450 (18,814) 18,416 (15,840)
Net earnings 62,094 68,965 86,632 90,235
Less: Net earnings attributable to noncontrolling interest 1,191 884 2,287 1,616
Net earnings attributable to Mohawk Industries, Inc. $ 60,903 $ 68,081 $ 84,345 $ 88,619
Basic earnings per share attributable to Mohawk Industries, Inc. $ 0.89 $ 0.95 [1] $ 1.23 $ 1.25 [1]
Diluted earnings per share attributable to Mohawk Industries, Inc. $ 0.88 $ 0.95 [1] $ 1.22 $ 1.24 [1]
[1] 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.