Acquisitions (Tables)

12 Months Ended

Dec. 31, 2011

Total Purchase Price Allocated to 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

Pro Forma Consolidated Condensed Financial Results of Operations

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 the comparable period:

	Years ended December 31
In thousands, except share and per-share data	2011		2010
Pro forma net sales	$	3,578,462	$	3,329,812
Pro forma income from continuing operations		49,363		177,867
Loss on disposal of discontinued operations, net of tax		—		(626	)
Pro forma net income from continuing operations attributable to Pentair, Inc.		45,064		173,375
Pro forma earnings per common share - continuing operations
Basic	$	0.46	$	1.77
Diluted	$	0.45	$	1.75
Weighted average common shares outstanding
Basic		98,233		98,037
Diluted		99,753		99,294