XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Income Statement [Abstract]        
Net sales $ 2,766,186 $ 2,917,539 $ 8,522,837 $ 9,086,390
Cost of sales 2,074,179 2,203,878 6,455,479 6,697,404
Gross profit 692,007 713,661 2,067,358 2,388,986
Selling, general and administrative expenses 549,641 523,479 1,646,156 1,510,076
Impairment of goodwill and indefinite-lived intangibles 876,108 695,771 876,108 695,771
Operating (loss) income (733,742) (505,589) (454,906) 183,139
Interest expense 20,144 13,797 60,138 37,337
Other income, net (8,551) (1,242) (6,902) (1,622)
Earnings (loss) before income taxes (745,335) (518,144) (508,142) 147,424
Income tax expense 14,954 15,569 70,657 155,193
Net earnings (loss) including noncontrolling interests (760,289) (533,713) (578,799) (7,769)
Less: net earnings (loss) attributable to noncontrolling interests 170 256 205 440
Net earnings (loss) attributable to Mohawk Industries, Inc. $ (760,459) $ (533,969) $ (579,004) $ (8,209)
Basic earnings (loss) per share attributable to Mohawk Industries, Inc. (in usd per share) $ (11.94) $ (8.40) $ (9.10) $ (0.13)
Weighted-average common shares outstanding-basic (in shares) 63,682 63,534 63,648 63,923
Diluted earnings (loss) per share attributable to Mohawk Industries, Inc. (in usd per share) $ (11.94) $ (8.40) $ (9.10) $ (0.13)
Weighted-average common shares outstanding-diluted (in shares) 63,682 63,534 63,648 63,923