XML 57 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. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
Income Statement [Abstract]        
Net sales $ 2,048,247 $ 1,976,299 $ 3,861,342 $ 3,463,114
Cost of sales 1,473,435 1,462,243 2,805,175 2,571,992
Gross profit 574,812 514,056 1,056,167 891,122
Selling, general and administrative expenses 352,564 380,858 703,184 671,082
Operating income 222,248 133,198 352,983 220,040
Interest expense 20,702 25,312 42,798 44,468
Other (income) expense (1,555) (1,097) 3,335 5,290
Earnings from continuing operations before income taxes 203,101 108,983 306,850 170,282
Income tax expense 50,240 23,240 72,936 33,972
Earnings from continuing operations 152,861 85,743 233,914 136,310
Loss from discontinued operations, net of income tax benefit of $485 0 (1,361) 0 (1,361)
Net earnings including noncontrolling interest 152,861 84,382 233,914 134,949
Net income (loss) attributable to noncontrolling interest 111 (190) 83 (118)
Net earnings attributable to Mohawk Industries, Inc. $ 152,750 $ 84,572 $ 233,831 $ 135,067
Income from continuing operations (in usd per share) $ 2.10 $ 1.19 $ 3.21 $ 1.92
Loss from discontinued operations (in usd per share) $ 0.00 $ (0.02) $ 0.00 $ (0.02)
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 2.10 $ 1.17 $ 3.21 $ 1.90
Weighted-average common shares outstanding-basic (in shares) 72,832 72,406 72,788 70,907
Income from continuing operations (in usd per share) $ 2.08 $ 1.18 $ 3.19 $ 1.91
Loss from discontinued operations (in usd per share) $ 0.00 $ (0.02) $ 0.00 $ (0.02)
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 2.08 $ 1.16 $ 3.19 $ 1.89
Weighted-average common shares outstanding-diluted (in shares) 73,297 72,867 73,302 71,405