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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
Net sales $ 941,525 $ 910,175 $ 1,799,702 $ 1,700,448
Cost of goods sold 629,397 622,439 1,206,855 1,163,653
Gross profit 312,128 287,736 592,847 536,795
Selling, general and administrative 173,445 158,432 348,455 303,192
Research and development 20,891 19,882 41,648 38,004
Operating income 117,792 109,422 202,744 195,599
Other (income) expense:        
Equity income of unconsolidated subsidiaries (636) (672) (1,685) (907)
Net interest expense 16,079 14,613 30,847 23,938
Income before income taxes and noncontrolling interest 102,349 95,481 173,582 172,568
Provision for income taxes 28,864 27,344 37,943 52,397
Net income before noncontrolling interest 73,485 68,137 135,639 120,171
Noncontrolling interest 1,655 1,425 2,995 2,918
Net income attributable to Pentair, Inc. 71,830 66,712 132,644 117,253
Comprehensive income (loss) (10,430) 92,306 93,808 187,119
Less: Comprehensive income (loss) attributable to noncontrolling interest (223) 2,216 2,020 5,621
Comprehensive income (loss) attributable to Pentair, Inc. $ (10,207) $ 90,090 $ 91,788 $ 181,498
Earnings per common share attributable to Pentair, Inc.        
Basic $ 0.73 $ 0.68 $ 1.34 $ 1.19
Diluted $ 0.71 $ 0.67 $ 1.32 $ 1.17
Weighted average common shares outstanding        
Basic 99,047 98,333 98,856 98,190
Diluted 101,165 100,065 100,785 99,825
Cash dividends declared per common share $ 0.22 $ 0.20 $ 0.44 $ 0.40