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Condensed Consolidated Statements of Changes in Shareholders' Equity (USD $)
In Thousands, except Share data
Total
Common shares
Treasury shares
Capital Contribution Reserve
Retained earnings
Accumulated other comprehensive income (loss)
Total Pentair Ltd.
Non- controlling interest
Beginning Balance at Dec. 31, 2010 $ 2,205,032 $ 47,412   $ 443,478 $ 1,624,605 $ (22,342) $ 2,093,153 $ 111,879
Beginning Balance (in shares) at Dec. 31, 2010   98,409,192            
Net income 172,225       168,345   168,345 3,880
Change in cumulative translation adjustment (29,603)         (29,263) (29,263) (340)
Changes in market value of derivative financial instruments, net of $2,582 in 2012 and $2,303 in 2011 tax 3,566         3,566 3,566  
Cash dividends - $0.66 in 2012 and $0.60 in 2011 per common share (59,669)       (59,669)   (59,669)  
Share repurchase (in Shares)   (397,126)            
Share repurchase (12,785) (211)   (12,574)     (12,785)  
Exercise of stock options, net of 39,751 in 2012 and 181,648 in 2011 shares tendered for payment (in shares)   601,207            
Exercise of stock options, net of 39,751 in 2012 and 181,648 in 2011 shares tendered for payment 13,191 320   12,871     13,191  
Issuance of restricted shares, net of cancellations (in shares)   27,532            
Issuance of restricted shares, net of cancellations 1,422 15   1,407     1,422  
Amortization of restricted shares 743     743     743  
Shares surrendered by employees to pay taxes (in Shares)   (74,782)            
Shares surrendered by employees to pay taxes (2,765) (40)   (2,725)     (2,765)  
Stock compensation 6,759     6,759     6,759  
Ending Balance at Oct. 01, 2011 2,298,116 47,496   449,959 1,733,281 (48,039) 2,182,697 115,419
Ending Balance (in shares) at Oct. 01, 2011   98,566,023            
Beginning Balance at Dec. 31, 2011 2,047,392 47,526   457,754 1,579,290 (151,241) 1,933,329 114,063
Beginning Balance (in shares) at Dec. 31, 2011   98,622,564            
Net income 167,289       163,062   163,062 4,227
Change in cumulative translation adjustment (3,765)         (3,661) (3,661) (104)
Changes in market value of derivative financial instruments, net of $2,582 in 2012 and $2,303 in 2011 tax (5,232)         (5,232) (5,232)  
Cash dividends - $0.66 in 2012 and $0.60 in 2011 per common share (66,153)       (66,153)   (66,153)  
Issuance of shares related to the Merger (in shares)   113,611,537 (2,712,603)          
Issuance of shares related to the Merger 4,904,254 65,521 (119,626) 4,958,359     4,904,254  
Exercise of stock options, net of 39,751 in 2012 and 181,648 in 2011 shares tendered for payment (in shares)   669,361 3,600          
Exercise of stock options, net of 39,751 in 2012 and 181,648 in 2011 shares tendered for payment 20,702 356 159 20,187     20,702  
Issuance of restricted shares, net of cancellations (in shares)   168,936 2,083          
Issuance of restricted shares, net of cancellations 18,985 90 92 18,803     18,985  
Amortization of restricted shares 18,633     18,633     18,633  
Shares surrendered by employees to pay taxes (in Shares)   (72,398) (680)          
Shares surrendered by employees to pay taxes (2,759) (39) (30) (2,690)     (2,759)  
Stock compensation 9,894     9,894     9,894  
Dividends declared - payable in November 2012, February 2013 and May 2013, for $0.22, $0.23 and $0.23 per common share, respectively (142,999)     (142,999)     (142,999)  
Ending Balance at Sep. 29, 2012 $ 6,966,241 $ 113,454 $ (119,405) $ 5,337,941 $ 1,676,199 $ (160,134) $ 6,848,055 $ 118,186
Ending Balance (in shares) at Sep. 29, 2012   213,000,000 (2,707,600)