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Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $)
In Thousands, except Share data
Total
Common shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Total Pentair, Inc.
Noncontrolling interest
Balance at Dec. 31, 2010 $ 2,205,032 $ 16,401 $ 474,489 $ 1,624,605 $ (22,342) $ 2,093,153 $ 111,879
Balance (in shares) at Dec. 31, 2010   98,409,192          
Net income 120,171     117,253   117,253 2,918
Change in cumulative translation adjustment 65,159       62,456 62,456 2,703
Changes in market value of derivative financial instruments, net of $1,249 tax 1,788       1,788 1,788  
Cash dividends - $0.40 per common share (39,739)     (39,739)   (39,739)  
Share repurchase (in shares)   (7,826)          
Share repurchase (287) (1) (286)     (287)  
Exercise of stock options, net of 3,266 shares tendered for payment (in shares)   408,637          
Exercise of stock options, net of 3,266 shares tendered for payment 10,809 68 10,741     10,809  
Issuance of restricted shares, net of cancellations (in shares)   29,131          
Issuance of restricted shares, net of cancellations 1,437 5 1,432     1,437  
Amortization of restricted shares 480   480     480  
Shares surrendered by employees to pay taxes (in shares)   (72,799)          
Shares surrendered by employees to pay taxes (2,696) (13) (2,683)     (2,696)  
Stock compensation 4,700   4,700     4,700  
Balance at Jul. 02, 2011 2,366,854 16,460 488,873 1,702,119 41,902 2,249,354 117,500
Balance (in shares) at Jul. 02, 2011   98,766,335          
Balance at Dec. 31, 2011 2,047,392 16,437 488,843 1,579,290 (151,241) 1,933,329 114,063
Balance (in shares) at Dec. 31, 2011   98,622,564          
Net income 135,639     132,644   132,644 2,995
Change in cumulative translation adjustment (44,981)       (44,006) (44,006) (975)
Changes in market value of derivative financial instruments, net of $1,249 tax 3,150       3,150 3,150  
Cash dividends - $0.40 per common share (44,140)     (44,140)   (44,140)  
Exercise of stock options, net of 3,266 shares tendered for payment (in shares)   492,777          
Exercise of stock options, net of 3,266 shares tendered for payment 15,055 82 14,973     15,055  
Issuance of restricted shares, net of cancellations (in shares)   154,536          
Issuance of restricted shares, net of cancellations 3,558 26 3,532     3,558  
Amortization of restricted shares 352   352     352  
Shares surrendered by employees to pay taxes (in shares)   (65,829)          
Shares surrendered by employees to pay taxes (2,450) (11) (2,439)     (2,450)  
Stock compensation 4,297   4,297     4,297  
Balance at Jun. 30, 2012 $ 2,117,872 $ 16,534 $ 509,558 $ 1,667,794 $ (192,097) $ 2,001,789 $ 116,083
Balance (in shares) at Jun. 30, 2012   99,204,048