Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Computations of Basic and Diluted Earnings Per Share

Computations of basic and diluted earnings per share are presented in the following table:


	2020		2019	2018
Net earnings attributable to Mohawk Industries, Inc.	$	515,595	744,211	861,704
Accretion of redeemable noncontrolling interest(a)	—		—	(3,892)
Net earnings available to common stockholders	$	515,595	744,211	857,812

Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding—basic	71,214		71,986	74,413
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net	187		278	360
Weighted-average common shares outstanding-diluted	71,401		72,264	74,773
Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	7.24	10.34	11.53
Diluted	$	7.22	10.30	11.47

(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, 2020, 2019 and 2018 are as follows:


	Foreign currency translation adjustments		Pensions and post-retirement benefits	Total
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)

Balance as of December 31, 2018	(782,102)		(9,506)	(791,608)
Current period other comprehensive income (loss) before reclassifications	28,994		(3,210)	25,784

Balance as of December 31, 2019	(753,108)		(12,716)	(765,824)
Current period other comprehensive income (loss) before reclassifications	72,853		(2,174)	70,679

Balance as of December 31, 2020	$	(680,255)	(14,890)	(695,145)