XML 50 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
9. Earnings per share

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 March 31, 2012 and April 2, 2011 were 1,044 and 1,123, respectively.

 

     Three Months Ended  
     March 31,
2012
     April 2,
2011
 

Net earnings available to common stockholders

   $ 40,377         23,442   
  

 

 

    

 

 

 

Weighted-average common shares outstanding-basic and diluted:

     

Weighted-average common shares outstanding—basic

     68,862         68,674   

Add weighted-average dilutive potential common shares—options and RSU's to purchase common shares, net

     279         230   
  

 

 

    

 

 

 

Weighted-average common shares outstanding-diluted

     69,141         68,904   
  

 

 

    

 

 

 

Basic earnings per share attributable to Mohawk Industries, Inc.

   $ 0.59         0.34   
  

 

 

    

 

 

 

Diluted earnings per share attributable to Mohawk Industries, Inc.

   $ 0.58         0.34