Company Quick10K Filing
Mohawk Industries
Price123.58 EPS10
Shares73 P/E13
MCap8,969 P/FCF9
Net Debt2,645 EBIT856
TEV11,615 TEV/EBIT14
TTM 2019-09-28, in MM, except price, ratios
10-Q 2020-06-27 Filed 2020-08-06
10-Q 2020-03-28 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-28 Filed 2019-11-01
10-Q 2019-06-29 Filed 2019-08-02
10-Q 2019-03-30 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-29 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-07-01 Filed 2017-08-04
10-Q 2017-04-01 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-27
10-Q 2016-10-01 Filed 2016-11-10
10-Q 2016-07-02 Filed 2016-08-05
10-Q 2016-04-02 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-10-03 Filed 2015-11-09
10-Q 2015-07-04 Filed 2015-08-07
10-Q 2015-04-04 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-27 Filed 2014-11-03
10-Q 2014-06-28 Filed 2014-08-04
10-Q 2014-03-29 Filed 2014-05-05
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-28 Filed 2013-11-04
10-Q 2013-06-29 Filed 2013-08-07
10-Q 2013-03-30 Filed 2013-05-06
10-K 2012-12-31 Filed 2013-02-27
10-Q 2012-09-29 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-10-01 Filed 2011-11-04
10-Q 2011-07-02 Filed 2011-08-05
10-Q 2011-04-02 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-10-02 Filed 2010-11-05
10-Q 2010-07-03 Filed 2010-08-06
10-Q 2010-04-03 Filed 2010-05-03
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-08-06 Earnings, Exhibits
8-K 2020-07-13 Other Events
8-K 2020-06-09
8-K 2020-05-21
8-K 2020-05-14
8-K 2020-05-07
8-K 2020-05-07
8-K 2020-05-04
8-K 2020-04-15
8-K 2020-04-07
8-K 2020-03-27
8-K 2020-02-25
8-K 2020-02-13
8-K 2019-10-24
8-K 2019-10-18
8-K 2019-08-28
8-K 2019-07-25
8-K 2019-05-23
8-K 2019-04-25
8-K 2019-03-12
8-K 2019-02-19
8-K 2019-02-07
8-K 2019-01-15
8-K 2018-11-27
8-K 2018-11-12
8-K 2018-10-25
8-K 2018-07-25
8-K 2018-05-24
8-K 2018-05-18
8-K 2018-05-14
8-K 2018-04-26
8-K 2018-02-08

MHK 10Q Quarterly Report

Part I. Financial Information
Item 1. Financial Statements
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3.Quantitative and Qualitative Disclosures About Market Risk
Item 4.Controls and Procedures
Part II. Other Information
Item 1.Legal Proceedings
Item 1A.Risk Factors
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds
Item 3.Defaults Upon Senior Securities
Item 4.Mine Safety Disclosures
Item 5.Other Information
Item 6.Exhibits
EX-10.5 mhk_2020q2exhibit105.htm
EX-31.1 mhk2020q2exhibit311.htm
EX-31.2 mhk2020q2exhibit312.htm
EX-32.1 mhk2020q2exhibit321.htm
EX-32.2 mhk2020q2exhibit322.htm
EX-95.1 mhk2020q2exhibit951.htm

Mohawk Industries Earnings 2020-06-27

Balance SheetIncome StatementCash Flow
151296302012201420172020
Assets, Equity
2.62.11.61.00.50.02012201420172020
Rev, G Profit, Net Income
1.10.60.1-0.4-0.9-1.42012201420172020
Ops, Inv, Fin

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Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q
[Mark One]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 27, 2020
OR 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from            to      

Commission File Number 01-13697
 __________________________________________
MOHAWK INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware52-1604305
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
160 S. Industrial Blvd.CalhounGeorgia30701
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (706629-7721
Former name, former address and former fiscal year, if changed since last report:
__________________________________________ 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerx  Accelerated filer¨
Non-accelerated filer¨  Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨ 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  x

Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, $.01 par valueMHKNew York Stock Exchange
Floating Rate Notes due 2021New York Stock Exchange
2.000% Senior Notes due 2022New York Stock Exchange
The number of shares outstanding of the issuer’s common stock as of August 4, 2020, the latest practicable date, is as follows: 71,195,045 shares of common stock, $.01 par value.


Table of Contents
MOHAWK INDUSTRIES, INC.
INDEX
 
  Page No
Part I.
Item 1.
Condensed Consolidated Balance Sheets as of June 27, 2020 and December 31, 2019
Condensed Consolidated Statements of Cash Flows for the six months ended June 27, 2020 and June 29, 2019
Item 2.
Item 3.
Item 4.
Part II.
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data) (Unaudited) 
June 27,
2020
December 31,
2019
ASSETS
Current assets:
Cash and cash equivalents$737,712  134,785  
Receivables, net1,586,398  1,526,619  
Inventories1,922,048  2,282,328  
Prepaid expenses399,967  415,546  
Other current assets99,873  70,179  
Total current assets4,745,998  4,429,457  
Property, plant and equipment8,405,227  8,496,008  
Less: accumulated depreciation3,970,683  3,797,091  
Property, plant and equipment, net4,434,544  4,698,917  
Right of use operating lease assets318,047  323,003  
Goodwill2,541,906  2,570,027  
Tradenames689,224  702,732  
Other intangible assets subject to amortization, net221,614  226,147  
Deferred income taxes and other non-current assets418,071  436,397  
$13,369,404  13,386,680  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt and current portion of long-term debt$135,350  1,051,498  
Accounts payable and accrued expenses1,618,584  1,559,140  
Current operating lease liabilities118,296  101,945  
Total current liabilities1,872,230  2,712,583  
Deferred income taxes434,264  473,886  
Long-term debt, less current portion2,573,155  1,518,388  
Non-current operating lease liabilities226,555  228,155  
Other long-term liabilities338,336  327,220  
Total liabilities5,444,540  5,260,232  
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued
    
Common stock, $.01 par value; 150,000 shares authorized; 78,541 and 78,980 shares issued in 2020 and 2019, respectively
785  790  
Additional paid-in capital1,874,623  1,868,250  
Retained earnings7,225,828  7,232,337  
Accumulated other comprehensive loss(966,776) (765,824) 
8,134,460  8,335,553  
Less: treasury stock at cost; 7,346 and 7,348 shares in 2020 and 2019, respectively
215,648  215,712  
Total Mohawk Industries, Inc. stockholders’ equity7,918,812  8,119,841  
Nonredeemable noncontrolling interest6,052  6,607  
          Total stockholders’ equity7,924,864  8,126,448  
$13,369,404  13,386,680  
See accompanying notes to condensed consolidated financial statements.
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MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
 
 Three Months EndedSix Months Ended
 June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Net sales$2,049,800  2,584,485  4,335,563  5,026,975  
Cost of sales1,679,833  1,847,867  3,349,156  3,665,430  
Gross profit369,967  736,618  986,407  1,361,545  
Selling, general and administrative expenses430,925  469,758  895,883  929,355  
Operating income (loss)(60,958) 266,860  90,524  432,190  
Interest expense12,956  10,521  21,627  20,994  
Other expense (income) net1,037  (3,048) 6,716  (6,784) 
Earnings (loss) before income taxes(74,951) 259,387  62,181  417,980  
Income tax expense (benefit)(26,363) 56,733  304  93,751  
Net earnings (loss) including noncontrolling interests(48,588) 202,654  61,877  324,229  
Net income (loss) attributable to noncontrolling interests(331) 213  (380) 203  
Net earnings (loss) attributable to Mohawk Industries, Inc.$(48,257) 202,441  62,257  324,026  
Basic earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic earnings (loss) per share attributable to Mohawk Industries, Inc.$(0.68) 2.80  0.87  4.50  
Weighted-average common shares outstanding—basic71,186  72,402  71,364  71,970  
Diluted earnings (loss) per share attributable to Mohawk Industries, Inc.
Diluted earnings (loss) per share attributable to Mohawk Industries, Inc.$(0.68) 2.79  0.87  4.48  
Weighted-average common shares outstanding—diluted71,186  72,680  71,547  72,250  
See accompanying notes to condensed consolidated financial statements.

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MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
(Unaudited)
 
 Three Months EndedSix Months Ended
 June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Net earnings (loss) including noncontrolling interests$(48,588) 202,654  61,877  324,229  
Other comprehensive income (loss):
Foreign currency translation adjustments121,190  45,127  (201,221) 59,089  
Pension prior service cost and actuarial gain (loss), net of tax(7) (41) 94  67  
Other comprehensive income (loss)121,183  45,086  (201,127) 59,156  
Comprehensive income (loss)72,595  247,740  (139,250) 383,385  
Comprehensive income (loss) attributable to noncontrolling interests(223) 274  (555) 273  
Comprehensive income (loss) attributable to Mohawk Industries, Inc.$72,818  247,466  (138,695) 383,112  
See accompanying notes to condensed consolidated financial statements.
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MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited) 
 Six Months Ended
 June 27,
2020
June 29,
2019
Cash flows from operating activities:
Net earnings$61,877  324,229  
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Restructuring73,749  37,758  
Depreciation and amortization299,610  277,773  
Deferred income taxes(45,418) 7,036  
Loss on disposal of property, plant and equipment3,461  4,981  
Stock-based compensation expense9,676  11,577  
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net(96,800) (202,657) 
Inventories306,143  (59,250) 
Other assets and prepaid expenses8,676  (27,404) 
Accounts payable and accrued expenses112,627  205,633  
Other liabilities29,894  (13,349) 
Net cash provided by operating activities763,495  566,327  
Cash flows from investing activities:
Additions to property, plant and equipment(196,271) (281,059) 
Acquisitions, net of cash acquired  (76,847) 
Purchases of short-term investments(356,300) (310,000) 
Redemption of short-term investments342,100  314,000  
Net cash used in investing activities(210,471) (353,906) 
Cash flows from financing activities:
Payments on Senior Credit Facilities(633,134) (241,354) 
Proceeds from Senior Credit Facilities617,710  212,223  
Payments on commercial paper(4,677,277) (8,547,107) 
Proceeds from commercial paper4,113,408  8,392,082  
Proceeds from Senior Notes issuance1,062,240    
Repayments on Senior Notes(326,904)   
Proceeds from Term Loan Facility500,000    
Repayment on Term Loan Facility(500,000)   
Payments of other debt and financing costs(2,291) (571) 
Debt issuance costs(11,896)   
Purchase of Mohawk common stock(68,640) (8,963) 
Change in outstanding checks in excess of cash(6,831) (7,036) 
Shares redeemed for taxes(3,417) (4,711) 
Proceeds from stock transactions1  1  
Net cash (used in) provided by financing activities62,969  (205,436) 
Effect of exchange rate changes on cash and cash equivalents(13,066) 2,061  
Net change in cash and cash equivalents602,927  9,046  
Cash and cash equivalents, beginning of period134,785  119,050  
Cash and cash equivalents, end of period$737,712  128,096  

See accompanying notes to condensed consolidated financial statements.

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MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share amounts)
(Unaudited)

1. General

Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “the Company” as used in this Form 10-Q refer to Mohawk Industries, Inc.

Interim Reporting

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the consolidated financial statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2019 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Results for interim periods are not necessarily indicative of the results for the year.

COVID-19 Pandemic

The Company has already experienced certain disruptions to its business and further disruptions may occur that could materially affect the Company’s ability to obtain supplies, manufacture its products or deliver inventory in a timely manner. Future disruptions may result in lost revenue, additional costs or impairments to goodwill or other assets. The Company is currently implementing business continuity plans during the crisis and attempting to minimize the pandemic’s impact, but we may be unable to adequately respond to further outbreaks in particular geographies and our operations may be materially impacted. The extent to which the COVID-19 pandemic may impact the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and the particular responses employed in various countries and regions. Accordingly, COVID-19 and the related global economic downturn could have a material adverse effect on the Company’s business, results of operations and financial condition.

Hedges of Net Investments in Non-U.S. Operations

The Company has numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. The Company uses foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company’s net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings. The Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. For the six months ended June 27, 2020 and June 29, 2019, the change in the U.S. dollar value of the Company’s euro denominated debt was an increase of $942 ($716 net of taxes) and a decrease of $3,578 ($2,718 net of taxes), respectively, which is recorded in the foreign currency translation adjustment component of accumulated other comprehensive income or (loss). The change in the U.S. dollar value of the Company’s debt partially offsets the euro-to-dollar translation of the Company’s net investment in its European operations.

Recent Accounting Pronouncements - Recently Adopted

In June 2016, the FASB issues ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further amended by additional accounting standards updates issued by the FASB.  The new standard replaced the incurred loss impairment methodology for recognizing credit losses with a new methodology that requires recognition of lifetime expected credit losses when a financial asset is originated or purchased, even if the risk of loss is remote. The new methodology (referred to as the current expected credit losses model, or "CECL") applies to most financial assets measured at amortized cost, including trade receivables, and requires consideration of a broader range of reasonable and supportable information to estimate expected credit losses.  The Company adopted the new standard on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)
In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The amendments remove the second step of the current goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This guidance is effective for impairment tests in fiscal years beginning after December 15, 2019. The effect of adopting the new standard was not material.

Recent Accounting Pronouncements - Effective in Future Years

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes which simplified the accounting for income taxes in several areas by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The amendment is effective commencing in 2021 with early adoption permitted. The Company is currently evaluating the impact that the adoption of this accounting standards update will have on its consolidated financial statements.

2. Acquisitions

2019 Acquisitions
        
During 2019, the Company acquired two hard surface flooring distribution companies based in the Netherlands and Czech Republic for $76,237, resulted in allocations of goodwill of $38,366 and intangible assets subject to amortization of $12,789. The results have been included in the Flooring ROW segment and are not material to the Company’s consolidated results of operations.

2018 Acquisitions

On November 16, 2018, the Company completed its purchase of Eliane S/A Revestimentos Ceramicos (“Eliane”), one of the largest ceramic tile companies in Brazil. Pursuant to the purchase agreement, the Company (i) acquired the entire issued share capital of Eliane and (ii) acquired $99,037 of net indebtedness of Eliane, with total cash consideration paid of $148,302. The Company’s acquisition of Eliane resulted in allocations of goodwill of $33,019, indefinite-lived tradename intangible assets of $32,238 and intangible assets subject to amortization of $5,818. The majority of the goodwill is deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill include product, sales and manufacturing synergies. Eliane’s results of operations have been included in the consolidated financial statements since the date of acquisition in the Global Ceramic reporting segment.

On July 2, 2018, the Company completed its acquisition of Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, further extending Mohawk’s global position. The total value of the acquisition was $400,894. The Company’s acquisition of Godfrey Hirst Group resulted in allocations of goodwill of $88,655, indefinite-lived tradename intangible assets of $58,671 and intangible assets subject to amortization of $43,635. The goodwill is deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill include product, sales and manufacturing synergies. The Godfrey Hirst Group’s results have been included in the condensed consolidated financial statements since the date of acquisition in the Flooring NA and Flooring ROW segments.

During the first quarter of 2018, the Company completed the acquisition of three businesses in the Flooring ROW segment for $24,610, resulting in a goodwill allocation of $12,874 and intangibles subject to amortization of $7.





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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)
3. Revenue from Contracts with Customers
        
Revenue recognition and accounts receivable

The Company recognizes revenues when it satisfies performance obligations as evidenced by the transfer of control of the promised goods to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The nature of the promised goods are ceramic, stone, carpet, resilient, laminate, wood and other flooring products. Payment is typically received 90 days or less from the invoice date. The Company adjusts the amounts of revenue for expected cash discounts, sales allowances, returns, and claims, based upon historical experience. The Company adjusts accounts receivable for doubtful account allowances based upon relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount, periodic evaluation of specific customer accounts, and the aging of accounts receivable. If the Company expects the financial condition of the Company’s customers to deteriorate based on current conditions or reasonable and supportable forecasts, additional allowances may be required.

Contract liabilities

The Company historically records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying condensed consolidating balance sheets. The Company had contract liabilities of $35,932 and $34,959 as of June 27, 2020 and December 31, 2019, respectively.

Performance obligations

Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer.  Accordingly, in any period, the Company does not recognize a significant amount of revenue from performance obligations satisfied or partially satisfied in prior periods and the amount of such revenue recognized during the three and six months ended June 27, 2020 was immaterial.

Costs to obtain a contract

The Company historically incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying condensed consolidated balance sheets. Capitalized costs to obtain contracts were $62,196 and $69,039 as of June 27, 2020 and December 31, 2019, respectively. Amortization expense recognized during the six months ended June 27, 2020 related to these capitalized costs was $34,754.

Practical expedients and policy elections

The Company elected the following practical expedients and policy elections:

Incremental costs of obtaining a contract is recorded as an expense when incurred in selling, general and administrative expenses if the amortization period is less than one year.
Shipping and handling activities performed after control has been transferred is accounted for as a fulfillment cost in cost of sales.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)
Revenue disaggregation

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended June 27, 2020 and June 29, 2019:
June 27, 2020Global Ceramic segmentFlooring NA segmentFlooring ROW segmentTotal
Geographical Markets
United States$472,538  777,778  376  1,250,692  
Europe146,647  842  352,356  499,845  
Russia55,216    22,234  77,450  
Other78,934  21,468  121,411  221,813  
$753,335  800,088  496,377  2,049,800  
Product Categories
Ceramic & Stone$751,735  7,403    759,138  
Carpet & Resilient1,600  615,754  163,279  780,633  
Laminate & Wood  176,931  165,467  342,398  
Other(1)
    167,631  167,631  
$753,335  800,088  496,377  2,049,800  

June 29, 2019Global Ceramic segmentFlooring NA segmentFlooring ROW segmentTotal
Geographical Markets
United States$554,509  946,086  709  1,501,304  
Europe205,205  2,164  475,761  683,130  
Russia67,792  22  27,087  94,901  
Other130,525  35,167  139,458  305,150  
$958,031  983,439  643,015  2,584,485  
Product Categories
Ceramic & Stone$958,031  13,915    971,946  
Carpet & Resilient  808,402  201,519  1,009,921  
Laminate & Wood  161,122  215,058  376,180  
Other(1)
    226,438  226,438  
$958,031  983,439  643,015  2,584,485  

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.













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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)


The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the six months ended June 27, 2020 and June 29, 2019:
June 27, 2020Global Ceramic segmentFlooring NA segmentFlooring ROW segmentTotal
Geographical Markets
United States$977,643  1,588,226  1,083