XML 50 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring and Other Charges, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Restructuring and Other Charges, Net |
Summary of the pre-tax cost by restructuring program |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
Restructuring costs: |  |  |  |  |  |  |  |  |  |
2007 Actions |  | $ | — |  | $ | — |  | $ | 1.0 |
2009 Actions |  |  | — |  |  | — |  |  | 1.8 |
2010 Actions |  |  | 0.6 |  |  | 3.3 |  |  | 11.1 |
2011 Actions |  |  | 1.1 |  |  | 3.1 |  |  | — |
Other Actions |  |  | 3.6 |  |  | 3.6 |  |  | 0.2 |
Total restructuring costs incurred |  |  | 5.3 |  |  | 10.0 |  |  | 14.1 |
Income related to contingent liability reduction |  |  | (1.0 | ) |  | (1.2 | ) |  | — |
Less: amounts included in cost of goods sold |  |  | — |  |  | — |  |  | (1.5 | )
Total restructuring and other charges |  | $ | 4.3 |  | $ | 8.8 |  | $ | 12.6 |
Summary of net pre-tax costs recorded in restructuring |
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
|  | (in millions) |
North America |  | $ | 1.3 |  | $ | 1.2 |  | $ | 4.1 |
Europe |  |  | 4.0 |  |  | 8.6 |  |  | 9.2 |
Asia |  |  | — |  |  | 0.2 |  |  | 0.8 |
Total |  | $ | 5.3 |  | $ | 10.0 |  | $ | 14.1 |
2011 Actions | Danfoss Socla S.A.S |
Restructuring and other charges |
Summary of the total expected, incurred and remaining pre-tax severance costs for the restructuring programs by reportable segments |
Reportable Segment |  | Total Expected Costs |  | Incurred through December 31 2011 |  | Additional Costs Incurred through December 31 2012 |  | Remaining Costs at December 31, 2012 |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | (in millions) |
Europe |  | $ | 4.0 |  | $ | 2.9 |  | $ | 1.1 |  | $ | — |
Asia |  |  | 0.2 |  |  | 0.2 |  |  | — |  |  | — |
Total |  | $ | 4.2 |  | $ | 3.1 |  | $ | 1.1 |  | $ | — |
Summary of restructuring program reconciliation between the opening and closing balance |
|  | Severance |
--- | --- | --- | ---
Balance at December 31, 2010 |  | $ | — |
Net pre-tax restructuring charges |  |  | 3.1 |
Utilization and foreign currency impact |  |  | (2.7 | )
Balance at December 31, 2011 |  | $ | 0.4 |
Net pre-tax restructuring charges |  |  | 1.1 |
Utilization and foreign currency impact |  |  | (1.0 | )
Balance at December 31, 2012 |  | $ | 0.5 |
Summary of the expected, incurred and remaining costs for restructuring actions |
|  | Severance |
--- | --- | --- | ---
Expected costs |  | $ | 4.2 |
Costs Incurred—2011 |  |  | (3.1 | )
Costs Incurred—2012 |  |  | (1.1 | )
Remaining costs at December 31, 2012 |  | $ | — |
2010 Actions |
Restructuring and other charges |
Summary of the total expected, incurred and remaining pre-tax severance costs for the restructuring programs by reportable segments |
|  | Total Expected Costs |  | Incurred through December 31, 2011 |  | Additional Costs incurred through December 31, 2012 |  | Remaining Costs |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | (in millions) |  |  |
Europe |  | $ | 17.1 |  | $ | 16.5 |  | $ | 0.6 |  | $ | — |
North America |  |  | 2.5 |  |  | 2.5 |  |  | — |  | $ | — |
Total |  | $ | 19.6 |  | $ | 19.0 |  | $ | 0.6 |  | $ | — |
Summary of restructuring program reconciliation between the opening and closing balance |
|  | Severance |  | Asset write-downs |  | Facility exit and other |  | Total |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | (in millions) |
Balance at December 31, 2009 |  | $ | 4.2 |  | $ | — |  | $ | — |  | $ | 4.2 |
Net pre-tax restructuring charges |  |  | 4.9 |  |  | 1.7 |  |  | 4.5 |  |  | 11.1 |
Utilization and foreign currency impact |  |  | (1.7 | ) |  | (1.7 | ) |  | (4.5 | ) |  | (7.9 | )
Balance at December 31, 2010 |  | $ | 7.4 |  | $ | — |  | $ | — |  | $ | 7.4 |
Net pre-tax restructuring charges |  |  | 1.5 |  |  | 0.5 |  |  | 1.3 |  |  | 3.3 |
Utilization and foreign currency impact |  |  | (6.0 | ) |  | (0.5 | ) |  | (1.3 | ) |  | (7.8 | )
Balance at December 31, 2011 |  | $ | 2.9 |  | $ | — |  | $ | — |  | $ | 2.9 |
Net pre-tax restructuring charges |  |  | 0.3 |  |  | — |  |  | 0.3 |  |  | 0.6 |
Utilization and foreign currency impact |  |  | (1.6 | ) |  | — |  |  | (0.3 | ) |  | (1.9 | )
Balance at December 31, 2012 |  | $ | 1.6 |  | $ | — |  | $ | — |  | $ | 1.6 |
Summary of the expected, incurred and remaining costs for restructuring actions |
|  | Severance |  | Asset write-downs |  | Facility exit and other |  | Total |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | (in millions) |
Expected costs |  | $ | 10.9 |  | $ | 2.2 |  | $ | 6.5 |  | $ | 19.6 |
Costs incurred—2009 |  |  | (4.2 | ) |  | — |  |  | (0.4 | ) |  | (4.6 | )
Costs incurred—2010 |  |  | (4.9 | ) |  | (1.7 | ) |  | (4.5 | ) |  | (11.1 | )
Costs incurred—2011 |  |  | (1.5 | ) |  | (0.5 | ) |  | (1.3 | ) |  | (3.3 | )
Costs incurred—2012 |  |  | (0.3 | ) |  | — |  |  | (0.3 | ) |  | (0.6 | )
Remaining costs at December 31, 2012 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |

X
- Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RestructuringCostAndReserveLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -Subparagraph b(2) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the expected, incurred and remaining costs for the entity's restructuring programs. + References No definition available. + Details
Name: | wts_ScheduleOfExpectedIncurredAndRemainingRestructuringAndRelatedCostsTableTextBlock
Namespace Prefix: | wts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of pre-tax restructuring costs by program. + References No definition available. + Details
Name: | wts_ScheduleOfRestructuringAndRelatedCostsByRestructuringPlanTableTextBlock
Namespace Prefix: | wts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount and type of net pre-tax restructuring costs incurred during the reporting period for each program. + References No definition available. + Details
Name: | wts_ScheduleOfRestructuringAndRelatedCostsIncurredDuringReportingPeriodByRestructuringCostTypeAndPlanTableTextBlock
Namespace Prefix: | wts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration