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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Sep. 29, 2012
Oct. 01, 2011
Net sales $ 865,512 $ 890,546 $ 2,665,214 $ 2,590,994
Cost of goods sold 587,435 618,484 1,794,290 1,782,137
Gross profit 278,077 272,062 870,924 808,857
Selling, general and administrative 204,665 159,068 553,120 462,260
Research and development 19,735 20,091 61,383 58,095
Operating income 53,677 92,903 256,421 288,502
Other (income) expense:        
Equity income of unconsolidated subsidiaries (616) (574) (2,301) (1,481)
Net interest expense 18,620 17,373 49,467 41,311
Income before income taxes and noncontrolling interest 35,673 76,104 209,255 248,672
Provision for income taxes 4,023 24,050 41,966 76,447
Net income before noncontrolling interest 31,650 52,054 167,289 172,225
Noncontrolling interest 1,232 962 4,227 3,880
Net income attributable to Pentair Ltd. 30,418 51,092 163,062 168,345
Comprehensive income (loss) 64,484 (40,931) 158,292 146,188
Less: Comprehensive income (loss) attributable to noncontrolling interest 2,103 (2,081) 4,123 3,540
Comprehensive income (loss) attributable to Pentair Ltd. $ 62,381 $ (38,850) $ 154,169 $ 142,648
Earnings per common share attributable to Pentair Ltd.        
Basic $ 0.30 $ 0.52 $ 1.64 $ 1.71
Diluted $ 0.30 $ 0.51 $ 1.60 $ 1.69
Weighted average common shares outstanding        
Basic 100,445 98,472 99,484 98,228
Diluted 102,910 99,802 101,708 99,759
Cash dividends paid per common share $ 0.22 $ 0.20 $ 0.66 $ 0.60