UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 8, 2002 MOHAWK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 01-19826 52-1604305 ---------------- ---------------- ------------------- (State or other (Commission File (IRS Employer Jurisdiction of Number) Identification No.) Incorporation) 160 South Industrial Blvd., Calhoun, Georgia 30701 ------------------------------------------------------------------------ (Address, including zip code, of principal executive offices) (706) 629-7721 ------------------------------------------------------------------------ (Registrant's telephone number, including area code)
Item 5. Other Events ------------ Mohawk Industries, Inc. ("Mohawk") reclassified certain prior period financial statement balances to conform to current presentations to include shipping and handling costs in cost of sales rather than net sales. The consolidated supplemental statements of earnings are included in Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ------------------------------------------------------------------- C. Exhibits 99.1 Consolidated Supplemental Statements of Earnings Data.
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Mohawk Industries, Inc. Date: February 8, 2002 By: /s/ Frank H. Boykin ------------------------------- Frank H. Boykin VP & Corporate Controller
INDEX TO EXHIBITS Exhibit ------- 99.1 Consolidated Supplemental Statements of Earnings Data.
EXHIBIT 99.1 MOHAWK INDUSTRIES, INC. CONSOLIDATED SUPPLEMENTAL STATEMENTS OF EARNINGS DATA (in thousands, except per share data) Page 1 of 2 Fiscal Quarters Ended Year Ended ------------------------------------------------------------------- December 31, March 31, 2001 June 30, 2001 September 29, 2001 December 31, 2001 2001 -------------- ------------- ------------------ ----------------- ------------ Net sales $ 777,339 864,958 907,850 895,798 3,445,945 Cost of sales 600,017 648,804 688,426 675,796 2,613,043 --------- --------- --------- --------- ---------- Gross profit 177,322 216,154 219,424 220,002 832,902 Selling, general and administrative expenses 123,717 132,593 127,016 122,419 505,745 --------- --------- --------- --------- ---------- Operating income 53,605 83,561 92,408 97,583 327,157 --------- --------- --------- --------- ---------- Other expense: Interest expense 8,952 8,232 6,869 5,734 29,787 Other expense, net 1,469 1,574 1,051 1,860 5,954 --------- --------- --------- --------- ---------- 10,421 9,806 7,920 7,594 35,741 --------- --------- --------- --------- ---------- Earnings before income taxes 43,184 73,755 84,488 89,989 291,416 Income taxes 15,978 27,289 28,761 30,796 102,824 --------- --------- --------- --------- ---------- Net earnings $ 27,206 46,466 55,727 59,193 188,592 ========= ========= ========= ========= ========== Basic earnings per share $ 0.52 0.89 1.06 1.12 3.60 ========= ========= ========= ========= ========== Weighted-average common shares outstanding 52,361 52,266 52,412 52,631 52,418 ========= ========= ========= ========= ========== Diluted earnings per share $ 0.51 0.88 1.05 1.11 3.55 ========= ========= ========= ========= ========== Weighted-average common and dilutive potential common shares outstanding 52,970 52,882 53,211 53,501 53,141 ========= ========= ========= ========= ==========
MOHAWK INDUSTRIES, INC. CONSOLIDATED SUPPLEMENTAL STATEMENTS OF EARNINGS DATA (in thousands, except per share data) Page 2 of 2 Fiscal Quarters Ended Year Ended -------------------------------------------------------------------- December 31, April 1, 2000 July 1, 2000 September 30, 2000 December 31, 2000 2000 -------------- ------------- ------------------ ----------------- ------------ Net sales $ 799,403 890,980 875,765 837,886 3,404,034 Cost of sales 608,840 675,098 661,545 635,702 2,581,185 --------- --------- --------- --------- ------------ Gross profit 190,563 215,882 214,220 202,184 822,849 Selling, general and administrative expenses 124,857 126,971 127,151 126,755 505,734 Class action legal settlement - - 7,000 - 7,000 --------- --------- --------- --------- ------------ Operating income 65,706 88,911 80,069 75,429 310,115 --------- --------- --------- --------- ------------ Other expense: Interest expense 8,740 9,674 10,173 9,457 38,044 Other expense, net 773 1,215 846 1,608 4,442 --------- --------- --------- --------- ------------ 9,513 10,889 11,019 11,065 42,486 --------- --------- --------- --------- ------------ Earnings before income taxes 56,193 78,022 69,050 64,364 267,629 Income taxes 22,196 30,819 26,913 25,102 105,030 --------- --------- --------- --------- ------------ Net earnings $ 33,997 47,203 42,137 39,262 162,599 ========= ========= ========= ========= ============ Basic earnings per share $ 0.61 0.88 0.79 0.75 3.02 ========= ========= ========= ========= ============ Weighted-average common shares outstanding 55,611 53,836 53,097 52,535 53,769 ========= ========= ========= ========= ============ Diluted earnings per share $ 0.61 0.87 0.79 0.74 3.00 ========= ========= ========= ========= ============ Weighted-average common and dilutive potential common shares outstanding 56,097 54,336 53,634 52,953 54,255 ========= ========= ========= ========= ============