Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2023

Basic earnings (loss) per common share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) 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 net earnings (loss) attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings (loss) per share is as follows:


	Three Months Ended			Nine Months Ended
	September 30, 2023		October 1, 2022	September 30, 2023	October 1, 2022
Net earnings (loss) attributable to Mohawk Industries, Inc.	$	(760,459)	(533,969)	(579,004)	(8,209)



Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63,682		63,534	63,648	63,923
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net(1)	—		—	—	—
Weighted-average common shares outstanding-diluted	63,682		63,534	63,648	63,923

Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic	$	(11.94)	(8.40)	(9.10)	(0.13)
Diluted	$	(11.94)	(8.40)	(9.10)	(0.13)

(1) Due to the anti-dilutive effect, 252 and 235 shares of common stock equivalents for the three and nine months ended September 30, 2023, respectively, were omitted from the calculation of diluted weighted-average common shares outstanding. Due to the anti dilutive effect, 257 and 246 shares of common stock equivalents for the three and nine months ended October 1, 2022, respectively, were omitted from the calculation of diluted weighted-average common shares outstanding.