Acquisitions (Tables)

9 Months Ended

Oct. 01, 2011

Allocation of Total Purchase Price to the Estimated Fair Values of Assets Acquired and Liabilities Assumed

The total purchase price has been allocated to the estimated fair values of assets acquired and liabilities assumed as follows:

(in thousands)
Accounts and notes receivable	$	70,038
Inventories		60,382
Deferred tax assets		4,926
Prepaid expenses and other current assets		40,252
Property, plant and equipment		69,010
Goodwill		451,809
Intangibles		197,231
Accounts payable		(41,061	)
Income taxes		(3,937	)
Other current liabilities		(59,229	)
Long-term debt		(17,041	)
Deferred tax liabilities		(57,069	)
Purchase Price	$	715,311

ProForma Information

The following pro forma consolidated condensed financial results of operations are presented as if the acquisitions described above had been completed at the beginning of each period presented:

	Three months ended				Nine months ended
In thousands, except share and per-share data	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Pro forma net sales	$	890,546	$	838,968	$	2,712,770	$	2,485,913
Pro forma income from continuing operations		56,287		48,404		181,366		133,122
Gain on disposal of discontinued operations, net of tax		—		549		—		1,666
Pro forma net income from continuing operations attributable to Pentair, Inc.		55,325		47,176		177,486		129,528
Pro forma earnings per common share - continuing operations
Basic	$	0.56	$	0.48	$	1.81	$	1.32
Diluted	$	0.55	$	0.47	$	1.78	$	1.30
Weighted average common shares outstanding
Basic		98,472		98,298		98,228		98,105
Diluted		99,802		99,514		99,759		99,326