XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Net sales $ 1,976,299 $ 1,469,793 $ 3,463,114 $ 2,878,828
Cost of sales 1,462,243 1,081,329 2,571,992 2,130,938
Gross profit 514,056 388,464 891,122 747,890
Selling, general and administrative expenses 380,858 280,746 671,082 568,196
Operating income 133,198 107,718 220,040 179,694
Interest expense 25,312 18,844 44,468 41,342
Other expense (income) (1,097) 440 5,290 (1,385)
Earnings before income taxes 108,983 88,434 170,282 139,737
Income tax expense 23,240 15,246 33,972 25,537
Net earnings 85,743 73,188 136,310 114,200
Loss from discontinued operations, net of income tax benefit of $485 (1,361) 0 (1,361) 0
Net earnings including noncontrolling interest 84,382 73,188 134,949 114,200
Less: Net earnings attributable to noncontrolling interest (190) 0 (118) 635
Net earnings attributable to Mohawk Industries, Inc. $ 84,572 $ 73,188 $ 135,067 $ 113,565
Income from continuing operations $ 1.19 $ 1.06 $ 1.92 $ 1.65
Loss from discontinued operations $ (0.02) $ 0.00 $ (0.02) $ 0.00
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 1.17 $ 1.06 $ 1.90 $ 1.65
Weighted-average common shares outstanding-basic (in shares) 72,406 68,984 70,907 68,923
Income from continuing operations $ 1.18 $ 1.06 $ 1.91 $ 1.64
Loss from discontinued operations $ (0.02) $ 0.00 $ (0.02) $ 0.00
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 1.16 $ 1.06 $ 1.89 $ 1.64
Weighted-average common shares outstanding-diluted (in shares) 72,867 69,259 71,405 69,204