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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Computations of Basic and Diluted Earnings (Loss) Per Share
Computations of basic and diluted earnings per share are presented in the following table:
 
2018
 
2017
 
2016
Earnings attributable to Mohawk Industries, Inc.
$
861,704

 
971,638

 
930,362

Accretion of redeemable noncontrolling interest (a)
(3,892
)
 
(46
)
 
(123
)
Net earnings available to common stockholders
$
857,812

 
971,592

 
930,239

 
 
 
 
 
 
Weighted-average common shares outstanding-basic and diluted:
 
 
 
 
 
Weighted-average common shares outstanding - basic
74,413

 
74,357

 
74,104

Add weighted-average dilutive potential common shares - options and RSUs to purchase common shares, net
360

 
482

 
464

Weighted-average common shares outstanding-diluted
74,773

 
74,839

 
74,568

Earnings per share attributable to Mohawk Industries, Inc.
 
 
 
 
 
  Basic
$
11.53

 
13.07

 
12.55

  Diluted
$
11.47

 
12.98

 
12.48



(a) Represents the accretion of the Company’s redeemable noncontrolling interest to redemption value. The holder put this option to the Company on December 20, 2018 for $33,884
Changes in Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component, net of tax, for years ended December 31, 2018, 2017 and 2016 are as follows:
 
Foreign currency translation adjustments
 
Pensions and post-retirement benefits
 
Total
Balance as of December 31, 2015
$
(788,652
)
 
(4,916
)
 
(793,568
)
Current period other comprehensive income (loss) before reclassifications
(36,702
)
 
(2,757
)
 
(39,459
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
—

Balance as of December 31, 2016
(825,354
)
 
(7,673
)
 
(833,027
)
Current period other comprehensive income (loss) before reclassifications
277,427

 
(2,927
)
 
274,500

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
—

Balance as of December 31, 2017
(547,927
)
 
(10,600
)
 
(558,527
)
Current period other comprehensive income (loss) before reclassifications
(234,175
)
 
1,094

 
(233,081
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
—

 
—

Balance as of December 31, 2018
$
(782,102
)
 
(9,506
)
 
(791,608
)