XML 28 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings per share
3 Months Ended
Apr. 02, 2016
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share

Basic earnings per common share is computed by dividing earnings from continuing operations attributable to Mohawk Industries, Inc. by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the exercise of outstanding stock options and the vesting of RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of earnings from continuing operations attributable to Mohawk Industries, Inc. and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:

    
 
Three Months Ended
 
April 2,
2016
 
April 4,
2015
Earnings from continuing operations attributable to Mohawk Industries, Inc.
$
171,548

 
22,346

Accretion of redeemable noncontrolling interest

 

Net earnings available to common stockholders
$
171,548

 
22,346

 
 
 
 
Weighted-average common shares outstanding-basic and diluted:
 
 
 
Weighted-average common shares outstanding—basic
73,976

 
72,988

Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net
514

 
542

Weighted-average common shares outstanding-diluted
74,490

 
73,530

 
 
 
 
Earnings per share from continuing operations attributable to Mohawk Industries, Inc.
 
 
 
Basic
$
2.32

 
0.31

Diluted
$
2.30

 
0.30