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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 3,456,686 $ 3,030,773 $ 2,692,468
Cost of goods sold 2,382,964 2,100,133 1,907,333
Gross profit 1,073,722 930,640 785,135
Selling, general and administrative 626,527 529,329 507,303
Research and development 78,158 67,156 57,884
Goodwill impairment 200,520    
Operating income 168,517 334,155 219,948
Other (income) expense:      
Equity (income) losses of unconsolidated subsidiaries (1,898) (2,108) 1,379
Loss on early extinguishment of debt     4,804
Interest income (1,432) (1,263) (999)
Interest expense 60,267 37,379 42,117
Income (loss) from continuing operations before income taxes and noncontrolling interest 111,580 300,147 172,647
Provision for income taxes 73,059 97,200 56,428
Income from continuing operations 38,521 202,947 116,219
Loss on disposal of discontinued operations, net of tax   (626) (19)
Net income before noncontrolling interest 38,521 202,321 116,200
Noncontrolling interest 4,299 4,493 707
Net income attributable to Pentair, Inc. 34,222 197,828 115,493
Net income from continuing operations attributable to Pentair, Inc. $ 34,222 $ 198,454 $ 115,512
Basic      
Continuing operations $ 0.35 [1] $ 2.02 [1] $ 1.19
Discontinued operations   $ (0.01) [1]  
Basic earnings per common share $ 0.35 [1] $ 2.01 [1] $ 1.19
Diluted      
Continuing operations $ 0.34 [1] $ 2.00 [1] $ 1.17
Discontinued operations   $ (0.01) [1]  
Diluted earnings per common share $ 0.34 [1] $ 1.99 [1] $ 1.17
Weighted average common shares outstanding      
Basic 98,233 98,037 97,415
Diluted 99,753 99,294 98,522
[1] Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.