XML 69 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Changes in Shareholders' Equiity (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Beginning Balance     $ 2,205,032 $ 2,126,340
Net income 68,137 62,205 120,171 98,758
Change in cumulative translation adjustment     65,159 (101,832)
Changes in market value of derivative financial instruments, net of tax of $1,249 in 2011 and ($673) in 2010     1,788 (1,076)
Cash dividends - $0.40 per common share in 2011 and $0.38 per common share in 2010     (39,739) (37,700)
Share repurchase     (287)  
Exercise of stock options, net of 3,266 shares tendered for payment in 2011 and 23,548 shares tendered for payment in 2010     10,809 2,974
Issuance of restricted shares, net of cancellations     1,437 608
Amortization of restricted shares     480 2,258
Shares surrendered by employees to pay taxes     (2,696) (4,400)
Stock compensation     4,700 5,885
Ending Balance 2,366,854 2,091,815 2,366,854 2,091,815
Common shares
       
Beginning Balance (in shares)     98,409,192 98,655,506
Beginning Balance     16,401 16,442
Share repurchase (in shares)     (7,826)  
Share repurchase     (1)  
Exercise of stock options, net of 3,266 shares tendered for payment in 2011 and 23,548 shares tendered for payment in 2010 (in shares)     408,637 172,383
Exercise of stock options, net of 3,266 shares tendered for payment in 2011 and 23,548 shares tendered for payment in 2010     68 28
Issuance of restricted shares, net of cancellations (in shares)     29,131 3,981
Issuance of restricted shares, net of cancellations     5 1
Shares surrendered by employees to pay taxes (in shares)     (72,799) (130,684)
Shares surrendered by employees to pay taxes     (13) (22)
Ending Balance (in shares) 98,766,335 98,701,186 98,766,335 98,701,186
Ending Balance 16,460 16,449 16,460 16,449
Additional paid-in Capital
       
Beginning Balance     474,489 472,807
Share repurchase     (286)  
Exercise of stock options, net of 3,266 shares tendered for payment in 2011 and 23,548 shares tendered for payment in 2010     10,741 2,946
Issuance of restricted shares, net of cancellations     1,432 607
Amortization of restricted shares     480 2,258
Shares surrendered by employees to pay taxes     (2,683) (4,378)
Stock compensation     4,700 5,885
Ending Balance 488,873 480,125 488,873 480,125
Retained earnings
       
Beginning Balance     1,624,605 1,502,242
Net income     117,253 96,402
Cash dividends - $0.40 per common share in 2011 and $0.38 per common share in 2010     (39,739) (37,700)
Ending Balance 1,702,119 1,560,944 1,702,119 1,560,944
Accumulated other comprehensive income (loss)
       
Beginning Balance     (22,342) 20,597
Change in cumulative translation adjustment     62,456 (96,534)
Changes in market value of derivative financial instruments, net of tax of $1,249 in 2011 and ($673) in 2010     1,788 (1,076)
Ending Balance 41,902 (77,013) 41,902 (77,013)
Total Pentair, Inc.
       
Beginning Balance     2,093,153 2,012,088
Net income     117,253 96,402
Change in cumulative translation adjustment     62,456 (96,534)
Changes in market value of derivative financial instruments, net of tax of $1,249 in 2011 and ($673) in 2010     1,788 (1,076)
Cash dividends - $0.40 per common share in 2011 and $0.38 per common share in 2010     (39,739) (37,700)
Share repurchase     (287)  
Exercise of stock options, net of 3,266 shares tendered for payment in 2011 and 23,548 shares tendered for payment in 2010     10,809 2,974
Issuance of restricted shares, net of cancellations     1,437 608
Amortization of restricted shares     480 2,258
Shares surrendered by employees to pay taxes     (2,696) (4,400)
Stock compensation     4,700 5,885
Ending Balance 2,249,354 1,980,505 2,249,354 1,980,505
Noncontrolling interest
       
Beginning Balance     111,879 114,252
Net income     2,918 2,356
Change in cumulative translation adjustment     2,703 (5,298)
Ending Balance 117,500 111,310 117,500 111,310
Comprehensive income attributable to Pentair, Inc.
       
Net income     117,253 96,402
Change in cumulative translation adjustment     62,456 (96,534)
Changes in market value of derivative financial instruments, net of tax of $1,249 in 2011 and ($673) in 2010     1,788 (1,076)
Comprehensive income     $ 181,497 $ (1,208)