Pool (POOL) 10-Q 30 Oct 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2014	Oct. 24, 2014	Jun. 28, 2013
Entity [Abstract]	'	'	'
Entity Registrant Name	'POOL CORP	'	'
Entity Central Index Key	'0000945841	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$2,335,282,998
Entity Common Stock, Shares Outstanding	'	43,424,783	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Sep-14	'	'

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$615,536	$578,157	$1,870,120	$1,738,911
Cost of sales	439,292	415,600	1,332,800	1,243,427
Gross profit	176,244	162,557	537,320	495,484
Selling and administrative expenses	117,787	109,182	347,718	323,184
Operating income	58,457	53,375	189,602	172,300
Interest expense, net	1,864	1,544	5,691	5,239
Income before income taxes and equity earnings (loss)	56,593	51,831	183,911	167,061
Provision for income taxes	21,711	19,496	71,111	64,808
Equity earnings (loss) in unconsolidated investments	76	-3	209	52
Net income	34,958	32,332	113,009	102,305
Less: Net income attributable to redeemable noncontrolling interest	-122	0	-122	0
Net income attributable to Pool Corporation	$34,836	$32,332	$112,887	$102,305
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$0.80	$0.70	$2.53	$2.20
Diluted (in dollars per share)	$0.78	$0.68	$2.47	$2.14
Weighted average shares outstanding: [Abstract]	'	'	'	'
Basic (in shares)	43,756	46,380	44,563	46,475
Diluted (in shares)	44,864	47,598	45,730	47,720
Cash dividends declared per common share	$0.22	$0.19	$0.63	$0.54

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$34,958	$32,332	$113,009	$102,305
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments	-2,216	-128	-2,671	-361
Change in unrealized gains and losses on interest rate swaps, net of tax	625	-291	407	913
Total other comprehensive income (loss)	-1,591	-419	-2,264	552
Comprehensive income	33,367	31,913	110,745	102,857
Less: comprehensive income attributable to noncontrolling interest	-13	0	-13	0
Comprehensive income attributable to Pool Corporation	$33,354	$31,913	$110,732	$102,857

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other comprehensive income (loss) :	'	'	'	'
Tax effect of change in unrealized gains and losses on interest rate swaps	($399)	$187	($260)	($582)

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'	'
Cash and cash equivalents	$14,455	$8,006	$24,222
Receivables, net	69,847	45,138	180,898
Receivables pledged under receivables facility	137,318	80,149	0
Product inventories, net	414,331	429,197	365,596
Prepaid expenses and other current assets	10,561	9,802	9,474
Deferred income taxes	5,378	5,457	3,742
Total current assets	651,890	577,749	583,932
Property and equipment, net	57,260	52,328	51,537
Goodwill	174,607	171,974	169,983
Other intangible assets, net	12,433	10,196	10,390
Equity interest investments	1,289	1,243	1,112
Other assets, net	11,757	10,271	9,920
Total assets	909,236	823,761	826,874
Current liabilities:	'	'	'
Accounts payable	154,511	214,596	142,777
Accrued expenses and other current liabilities	75,222	49,301	64,737
Current portion of long-term debt and other long-term liabilities	2,618	9	15
Total current liabilities	232,351	263,906	207,529
Deferred income taxes	19,934	19,108	15,463
Long-term debt	391,120	246,418	260,432
Other long-term liabilities	10,027	8,147	7,619
Total liabilities	653,432	537,579	491,043
Redeemable noncontrolling interest	3,144	0	0
Stockholders' equity:	'	'	'
Common stock	43	45	46
Additional paid-in capital	329,588	310,503	305,831
Retained (deficit) earnings	-77,619	-27,278	29,536
Accumulated other comprehensive income	648	2,912	418
Total stockholders' equity	252,660	286,182	335,831
Total liabilities, redeemable noncontrolling interest and stockholders' equity	$909,236	$823,761	$826,874

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Statement of Financial Position [Abstract]	'	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00
Common stock, authorized (in shares)	100,000,000	100,000,000	100,000,000
Common stock, shares issued (in shares)	43,352,818	45,378,785	46,068,927
Common stock, outstanding (in shares)	43,352,818	45,378,785	46,068,927

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities	'	'
Net income	$113,009	$102,305
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	10,749	9,716
Amortization	1,075	922
Share-based compensation	6,854	6,090
Excess tax benefits from share-based compensation	-4,141	-4,367
Equity earnings in unconsolidated investments	-209	-52
Other	-727	-194
Changes in operating assets and liabilities, net of effects of acquisitions:	'	'
Receivables	-79,891	-65,638
Product inventories	19,262	34,709
Prepaid expenses and other assets	-1,212	1,063
Accounts payable	-61,544	-57,641
Accrued expenses and other current liabilities	33,995	26,933
Net cash provided by operating activities	37,220	53,846
Investing activities	'	'
Acquisition of businesses, net of cash acquired	-9,381	-1,244
Purchase of property and equipment, net of sale proceeds	-14,687	-14,407
Other investments, net	133	76
Net cash used in investing activities	-23,935	-15,575
Financing activities	'	'
Proceeds from revolving line of credit	658,720	596,642
Payments on revolving line of credit	-542,018	-567,092
Proceeds from asset-backed financing	121,600	0
Payments on asset-backed financing	-93,600	0
Proceeds from long-term debt and other long-term liabilities	1,621	0
Payments on long-term debt and other long-term liabilities	0	-10
Payments of deferred financing costs	-7	-754
Excess tax benefits from share-based compensation	4,141	4,367
Proceeds from stock issued under share-based compensation plans	8,090	19,040
Payments of cash dividends	-28,075	-25,120
Purchases of treasury stock	-135,155	-53,027
Net cash used in financing activities	-4,683	-25,954
Effect of exchange rate changes on cash and cash equivalents	-2,153	-558
Change in cash and cash equivalents	6,449	11,759
Cash and cash equivalents at beginning of period	8,006	12,463
Cash and cash equivalents at end of period	$14,455	$24,222

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 1 – Summary of Significant Accounting Policies
	Pool Corporation (the Company, which may be referred to as we, us or our) prepared the unaudited interim Consolidated Financial Statements following U.S. generally accepted accounting principles (GAAP) and the requirements of the Securities and Exchange Commission (SEC) for interim financial information. As permitted under those rules, we have condensed or omitted certain footnotes and other financial information required for complete financial statements.
	On July 31, 2014, we completed the purchase of a 60% interest in Pool Systems Pty. Ltd. (PSL), an Australian company. We accounted for this acquisition using the acquisition method of accounting. The purchase constitutes a controlling interest in the acquired company, which requires us to consolidate PSL's financial position and results of operations from the date of acquisition.
	The Consolidated Financial Statements include all normal and recurring adjustments that are necessary for a fair presentation of our financial position and operating results. All significant intercompany accounts and intercompany transactions have been eliminated.
	A description of our significant accounting policies is included in our 2013 Annual Report on Form 10-K. You should read the interim Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and accompanying notes in our Annual Report.  The results for our three and nine month periods ended September 30, 2014 are not necessarily indicative of the expected results for our fiscal year ending December 31, 2014.
	Retained Deficit
	We account for the retirement of treasury shares as a reduction of retained earnings (deficit).   As of September 30, 2014, the Retained deficit on our Consolidated Balance Sheets reflects cumulative net income, the cumulative impact of adjustments for changes in accounting pronouncements, treasury share retirements since the inception of our share repurchase programs of $814.3 million and cumulative dividends of $265.4 million.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Note 2 – Earnings Per Share
	We calculate basic earnings per share (EPS) by dividing Net income attributable to Pool Corporation by the weighted average number of common shares outstanding.  We include outstanding unvested restricted stock awards of our common stock in the basic weighted average share calculation.  Diluted EPS includes the dilutive effects of other share-based awards.  Stock options with exercise prices that are higher than the average market prices of our common stock for the periods presented are excluded from the diluted EPS calculation because their effect is anti-dilutive.
	The table below presents the computation of EPS, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except EPS):
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014			2013		2014			2013
	Net income	$	34,958		$	32,332	$	113,009		$	102,305
	Less: net income attributable to noncontrolling interest	(122		)	—		(122		)	—
	Net income attributable to Pool Corporation	$	34,836		$	32,332	$	112,887		$	102,305
	Weighted average shares outstanding:
	Basic	43,756			46,380		44,563			46,475
	Effect of dilutive securities:
	Stock options and employee stock purchase plan	1,108			1,218		1,167			1,245
	Diluted	44,864			47,598		45,730			47,720
	Earnings per share:
	Basic	$	0.8		$	0.7	$	2.53		$	2.2
	Diluted	$	0.78		$	0.68	$	2.47		$	2.14
	Anti-dilutive stock options excluded from diluted earnings per share computations	169			—		169			—

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Note 3 – Acquisitions
	In July 2014, we purchased a 60% controlling interest in PSL, a distributor of swimming pool and spa equipment, accessories and leisure products, with one sales center located in Brisbane, Australia. As part of this transaction, PSL acquired Niagara Pool Supplies (Niagara), a distributor of pool products, with two sales centers in New South Wales, Australia. In addition to the cash consideration paid, we recorded contingent consideration related to a potential future payout (based on PSL's fiscal 2015 earnings), which is included in Accrued expenses and other current liabilities on our Consolidated Balance Sheets.
	In February 2014, we acquired certain distribution assets of Atlantic Chemical & Aquatics Inc., a regional swimming pool products distributor based in Nova Scotia with two sales center locations serving the Maritime Provinces of Canada. In March 2014, we acquired certain distribution assets of DFW Stone Supply, LLC, a distributor of natural stone and rock products and masonry supplies with two sales center locations in the Dallas, Texas metropolitan area.
	We completed our preliminary acquisition accounting for these acquisitions, subject to adjustments in accordance with the terms of the purchase agreements during the respective one year measurement periods.  These acquisitions did not have a material impact on our financial position or results of operations.
	In March 2013, we acquired certain distribution assets of Swimming Pool Supply Center, Inc., a local swimming pool products distributor with one sales center location in Los Angeles, California. This sales center operates as a satellite location to more efficiently serve our west Los Angeles customers. In May 2013, we acquired certain distribution assets of B. Shapiro Supply, LLC, a swimming pool and hardscape products distributor with one sales center location in Warminster, Pennsylvania.
	We completed our acquisition accounting for these acquisitions.  These acquisitions did not have a material impact on our financial position or results of operations.

Fair_Value_Measurements_and_In

Fair Value Measurements and Interest Rate Swaps	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements and Interest Rate Swaps	'
	Note 4 – Fair Value Measurements and Interest Rate Swaps
	Our assets and liabilities that are measured at fair value on a recurring basis include the unrealized gains or losses on our interest rate swap contracts and contingent consideration related to our recent acquisition.
	Level 2
	For determining the fair value of our interest rate swap contracts, we use significant other observable market data or assumptions (Level 2 inputs as defined in the accounting guidance) that we believe market participants would use in pricing similar assets or liabilities, including assumptions about counterparty risk.  Our fair value estimates reflect an income approach based on the terms of the interest rate swap contracts and inputs corroborated by observable market data including interest rate curves.
	We have five interest rate swap contracts in place to reduce our exposure to fluctuations in interest rates on our unsecured syndicated senior credit facility (the Credit Facility).  These swaps convert the variable interest rate to a fixed interest rate on borrowings under the Credit Facility.  Each of these swap contracts terminates on October 19, 2016.  The following table provides additional details related to each of these swap contracts:
	Derivative	Effective Date		Notional	Fixed
				Amount	Interest
				(in millions)	Rate
	Interest rate swap 1	November 21, 2011		$25.00	1.19%
	Interest rate swap 2	November 21, 2011		$25.00	1.19%
	Interest rate swap 3	December 21, 2011		$50.00	1.10%
	Interest rate swap 4	January 17, 2012		$25.00	1.05%
	Interest rate swap 5	January 19, 2012		$25.00	0.99%
	In May 2014, we entered into four forward-starting interest rate swap contracts to reduce our exposure to future fluctuations in interest rates on our Credit Facility.  These swaps will convert the variable interest rate to a fixed interest rate on borrowings under the Credit Facility.  Each of these forward‑starting swap contracts becomes effective on October 19, 2016 and terminates on September 20, 2018.  The following table provides additional details related to each of these new swap contracts:
	Derivative	Inception Date		Notional	Fixed
				Amount	Interest
				(in millions)	Rate
	Forward-starting interest rate swap 1	May 8, 2014		$25.00	2.52%
	Forward-starting interest rate swap 2	May 14, 2014		$50.00	2.45%
	Forward-starting interest rate swap 3	May 19, 2014		$50.00	2.34%
	Forward-starting interest rate swap 4	May 28, 2014		$25.00	2.26%
	We recognize any differences between the variable interest rate payments and the fixed interest rate settlements from our swap counterparties as an adjustment to interest expense over the life of the swaps.  We have designated these swaps as cash flow hedges and we record the changes in the estimated fair value of the swaps to Accumulated other comprehensive income (loss) on our Consolidated Balance Sheets.  If our interest rate swaps became ineffective, we would immediately recognize the changes in the estimated fair value of our swaps in earnings.  Since inception, we have not recognized any gains or losses on these swaps through income and there has been no effect on income from hedge ineffectiveness.
	For our five interest rate swap contracts currently in effect, a portion of the change in the estimated fair value between periods relates to future interest expense. Recognition of the change in fair value between periods attributable to accrued interest is reclassified from Accumulated other comprehensive income (loss) to Interest expense, net on the Consolidated Statements of Income. These amounts were not material in the first nine months of 2014 and 2013.
	The table below presents the estimated fair value of our interest rate swap contracts and our forward-starting interest rate swap contracts (in thousands):
		Fair Value at
		September 30,
	Level 2	2014			2013
	Unrealized Gains on Interest Rate Swaps	$	196		$	—
	Unrealized Losses on Interest Rate Swaps	$	(1,239	)	$	(1,909	)
	We include unrealized losses in Accrued expenses and other current liabilities and unrealized gains in Prepaid expenses and other current assets on the Consolidated Balance Sheets.
	Failure of our swap counterparties would result in the loss of any potential benefit to us under our swap contracts.  In this case, we would still be obligated to pay the variable interest payments underlying the Credit Facility.  Additionally, failure of our swap counterparties would not eliminate our obligation to continue to make payments under our existing swap contracts if we continue to be in a net pay position.
	Level 3
	As of September 30, 2014, our Consolidated Balance Sheets reflect $0.2 million in Accrued expenses and other current liabilities for contingent consideration related to a potential future payout for the PSL acquisition. In determining this estimate, we applied an income approach using a probability-weighted model of possible outcomes based on our estimates of fiscal 2015 earnings for PSL (Level 3 inputs as defined in the accounting guidance).
	The carrying values of cash, receivables, accounts payable and accrued liabilities approximate fair value due to the short maturity of those instruments and the carrying value of long-term debt approximates fair value.  Our determination of the estimated fair value of long-term debt reflects a discounted cash flow model using our estimates, primarily those related to assumptions for borrowing rates (Level 3 inputs as defined in the accounting guidance).

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 5 – Debt
	The table below presents the components of our debt at September 30, 2014 and September 30, 2013 (in thousands):
		September 30,
		2014		2013
	Variable rate debt
	Current portion:
	Australian Seasonal Credit Facility	$	2,618	$	—
	Long-term portion:
	Revolving Credit Facility	311,120		260,432
	Receivables Securitization Facility	80,000		—
	Total debt	$	393,738	$	260,432
	PSL utilizes the Australian Seasonal Credit Facility to supplement working capital needs during its peak season, which runs from July to March.  The arrangement provides a borrowing capacity of A$3.0 million, and any amounts outstanding must be repaid by April 1.
	The Receivables Securitization Facility (the Receivables Facility) provides for the sale of certain of our receivables to a wholly owned subsidiary (the Securitization Subsidiary). The Securitization Subsidiary transfers variable undivided percentage interests in the receivables and related rights to certain third party financial institutions in exchange for cash proceeds, limited to the applicable funding capacities. Upon payment of the receivables by customers, rather than remitting to the financial institutions the amounts collected, we retain such collections as proceeds for the sale of new receivables until payments become due.
	We account for the sale of the receivable interests as a secured borrowing on our Consolidated Balance Sheets. The receivables subject to the agreement collateralize the cash proceeds received from the third party financial institutions. We classify the entire outstanding balance as Long-term debt on our Consolidated Balance Sheets as we intend to refinance the obligations on a long‑term basis. We present the receivables that collateralize the cash proceeds separately as Receivables pledged under receivables facility on our Consolidated Balance Sheets.

Redeemable_Noncontrolling_Inte

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2014
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]	'
Noncontrolling Interest Disclosure [Text Block]	'
	Note 6 – Redeemable Noncontrolling Interest
	As discussed in Note 3 - Acquisitions, in July 2014, we purchased a controlling interest in PSL. Included in the transaction documents is a put/call option deed that grants us an option to purchase the shares held by the noncontrolling interest, and grants the holder of the noncontrolling interest an option to require us to purchase its shares in one or two transactions. The put/call option deed in this transaction is considered an equity contract and therefore a financial instrument under the accounting guidance. In applying the guidance for this transaction, we have determined that the financial instrument is embedded in the noncontrolling interest. As a public company, we are required to classify the noncontrolling interest and the embedded financial instrument as redeemable noncontrolling interest in a separate section of our Consolidated Balance Sheets, between liabilities and equity.
	At the end of each period, we record the portion of comprehensive income or loss attributable to the noncontrolling interest to Redeemable noncontrolling interest to determine the carrying amount. We are required to compare the carrying amount to our estimated redemption value at the end of each reporting period. The redemption value is based on a multiple of a PSL earnings measure for a specified time period. To the extent that the estimated redemption value exceeds the carrying amount, we would record an adjustment to Redeemable noncontrolling interest. We did not record such an adjustment at September 30, 2014.
	The table below presents the changes in Redeemable noncontrolling interest (in thousands):
		30-Sep-14
	Redeemable noncontrolling interest, beginning of period	$	—
	Acquisition date value of noncontrolling interest	3,131
	Net income attributable to noncontrolling interest	122
	Other comprehensive loss attributable to noncontrolling interest	(109		)
	Redeemable noncontrolling interest, end of period	$	3,144

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Computation of earnings per share and reconciliation of basic and diluted weighted average common shares outstanding	'
	The table below presents the computation of EPS, including the reconciliation of basic and diluted weighted average shares outstanding (in thousands, except EPS):
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014			2013		2014			2013
	Net income	$	34,958		$	32,332	$	113,009		$	102,305
	Less: net income attributable to noncontrolling interest	(122		)	—		(122		)	—
	Net income attributable to Pool Corporation	$	34,836		$	32,332	$	112,887		$	102,305
	Weighted average shares outstanding:
	Basic	43,756			46,380		44,563			46,475
	Effect of dilutive securities:
	Stock options and employee stock purchase plan	1,108			1,218		1,167			1,245
	Diluted	44,864			47,598		45,730			47,720
	Earnings per share:
	Basic	$	0.8		$	0.7	$	2.53		$	2.2
	Diluted	$	0.78		$	0.68	$	2.47		$	2.14
	Anti-dilutive stock options excluded from diluted earnings per share computations	169			—		169			—

Fair_Value_Measurements_and_In1

Fair Value Measurements and Interest Rate Swaps (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative [Line Items]	'
Estimated fair value of swap contracts	'
	The table below presents the estimated fair value of our interest rate swap contracts and our forward-starting interest rate swap contracts (in thousands):
		Fair Value at
		September 30,
	Level 2	2014			2013
	Unrealized Gains on Interest Rate Swaps	$	196		$	—
	Unrealized Losses on Interest Rate Swaps	$	(1,239	)	$	(1,909	)
Interest Rate Swap Agreements[Member]	'
Derivative [Line Items]	'
Schedule of Interest Rate Derivatives	'
	The following table provides additional details related to each of these swap contracts:
	Derivative	Effective Date		Notional	Fixed
				Amount	Interest
				(in millions)	Rate
	Interest rate swap 1	November 21, 2011		$25.00	1.19%
	Interest rate swap 2	November 21, 2011		$25.00	1.19%
	Interest rate swap 3	December 21, 2011		$50.00	1.10%
	Interest rate swap 4	January 17, 2012		$25.00	1.05%
	Interest rate swap 5	January 19, 2012		$25.00	0.99%
Forward-Starting Interest Rate Swap Agreements[Member]	'
Derivative [Line Items]	'
Schedule of Interest Rate Derivatives	'
	The following table provides additional details related to each of these new swap contracts:
	Derivative	Inception Date		Notional	Fixed
				Amount	Interest
				(in millions)	Rate
	Forward-starting interest rate swap 1	May 8, 2014		$25.00	2.52%
	Forward-starting interest rate swap 2	May 14, 2014		$50.00	2.45%
	Forward-starting interest rate swap 3	May 19, 2014		$50.00	2.34%
	Forward-starting interest rate swap 4	May 28, 2014		$25.00	2.26%

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt [Table Text Block]	'
	The table below presents the components of our debt at September 30, 2014 and September 30, 2013 (in thousands):
		September 30,
		2014		2013
	Variable rate debt
	Current portion:
	Australian Seasonal Credit Facility	$	2,618	$	—
	Long-term portion:
	Revolving Credit Facility	311,120		260,432
	Receivables Securitization Facility	80,000		—
	Total debt	$	393,738	$	260,432

Redeemable_Noncontrolling_Inte1

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2014
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]	'
Redeemable Noncontrolling Interest [Table Text Block]	'
	The table below presents the changes in Redeemable noncontrolling interest (in thousands):
		30-Sep-14
	Redeemable noncontrolling interest, beginning of period	$	—
	Acquisition date value of noncontrolling interest	3,131
	Net income attributable to noncontrolling interest	122
	Other comprehensive loss attributable to noncontrolling interest	(109		)
	Redeemable noncontrolling interest, end of period	$	3,144

Summary_of_Significant_Account1

Summary of Significant Accounting Policies Controlling Interest Percentage (Details)	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Controlling interest percentage by parent	60.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies Retained Deficit (Details) (USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Retained Earnings (Accumulated Deficit) [Abstract]	'
Cumulative share repurchases	$814.30
Cumulative dividends declared	$265.40

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income	$34,958	$32,332	$113,009	$102,305
Less: net income attributable to redeemable noncontrolling interest	-122	0	-122	0
Net income attributable to Pool Corporation	$34,836	$32,332	$112,887	$102,305
Weighted average shares outstanding: [Abstract]	'	'	'	'
Basic (in shares)	43,756	46,380	44,563	46,475
Effect of dilutive securities: [Abstract]	'	'	'	'
Stock options and employee stock purchase plan (in shares)	1,108	1,218	1,167	1,245
Diluted (in shares)	44,864	47,598	45,730	47,720
Basic (in dollars per share)	$0.80	$0.70	$2.53	$2.20
Diluted (in dollars per share)	$0.78	$0.68	$2.47	$2.14
Anti-dilutive stock options excluded from diluted earnings per share computations (in shares)	169	0	169	0

Acquisitions_Details

Acquisitions (Details)	Sep. 30, 2014
Business Acquisition [Line Items]	'
Parent's controlling interest percentage in PSL	60.00%
Pool Systems Pty. Ltd. [Member]	'
Business Acquisition [Line Items]	'
Number of sales centers	3
DFW Stone Supply, LLC [Member]	'
Business Acquisition [Line Items]	'
Number of sales centers	2
Atlantic Chemical and Aquatics Inc [Member]	'
Business Acquisition [Line Items]	'
Number of sales centers	2
B. Shapiro Supply, LLC [Member]	'
Business Acquisition [Line Items]	'
Number of sales centers	1
SPSC, Inc. [Member]	'
Business Acquisition [Line Items]	'
Number of sales centers	1

Interest_Rate_Swaps_Details

Interest Rate Swaps (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Interest Rate Swap 1 [Member]	'
Derivative [Line Items]	'
Interest rate swap agreement, effective date	21-Nov-11
Interest rate swap agreement, notional amount	$25
Interest rate swap agreement, fixed interest rate	1.19%
Interest rate swap agreement, termination date	19-Oct-16
Interest Rate Swap 2 [Member]	'
Derivative [Line Items]	'
Interest rate swap agreement, effective date	21-Nov-11
Interest rate swap agreement, notional amount	25
Interest rate swap agreement, fixed interest rate	1.19%
Interest rate swap agreement, termination date	19-Oct-16
Interest Rate Swap 3 [Member]	'
Derivative [Line Items]	'
Interest rate swap agreement, effective date	21-Dec-11
Interest rate swap agreement, notional amount	50
Interest rate swap agreement, fixed interest rate	1.10%
Interest rate swap agreement, termination date	19-Oct-16
Interest Rate Swap 4 [Member]	'
Derivative [Line Items]	'
Interest rate swap agreement, effective date	17-Jan-12
Interest rate swap agreement, notional amount	25
Interest rate swap agreement, fixed interest rate	1.05%
Interest rate swap agreement, termination date	19-Oct-16
Interest Rate Swap 5 [Member]	'
Derivative [Line Items]	'
Interest rate swap agreement, effective date	19-Jan-12
Interest rate swap agreement, notional amount	$25
Interest rate swap agreement, fixed interest rate	0.99%
Interest rate swap agreement, termination date	19-Oct-16

Interest_Rate_Swaps_Details_2

Interest Rate Swaps (Details 2) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Forward-starting Interest Rate Swap 1 [Member]	'
Derivative [Line Items]	'
Forward-starting interest rate swap agreement, inception date	8-May-14
Forward-starting interest rate swap agreement, effective date	19-Oct-16
Forward-starting interest rate swap agreement, notional amount	$25
Forward-starting interest rate swap agreement, fixed interest rate	2.52%
Forward-starting interest rate swap agreement, termination date	20-Sep-18
Forward-starting Interest Rate Swap 2 [Member]	'
Derivative [Line Items]	'
Forward-starting interest rate swap agreement, inception date	14-May-14
Forward-starting interest rate swap agreement, effective date	19-Oct-16
Forward-starting interest rate swap agreement, notional amount	50
Forward-starting interest rate swap agreement, fixed interest rate	2.45%
Forward-starting interest rate swap agreement, termination date	20-Sep-18
Forward-starting Interest Rate Swap 3 [Member]	'
Derivative [Line Items]	'
Forward-starting interest rate swap agreement, inception date	19-May-14
Forward-starting interest rate swap agreement, effective date	19-Oct-16
Forward-starting interest rate swap agreement, notional amount	50
Forward-starting interest rate swap agreement, fixed interest rate	2.34%
Forward-starting interest rate swap agreement, termination date	20-Sep-18
Forward-starting Interest Rate Swap 4 [Member]	'
Derivative [Line Items]	'
Forward-starting interest rate swap agreement, inception date	28-May-14
Forward-starting interest rate swap agreement, effective date	19-Oct-16
Forward-starting interest rate swap agreement, notional amount	$25
Forward-starting interest rate swap agreement, fixed interest rate	2.26%
Forward-starting interest rate swap agreement, termination date	20-Sep-18

Fair_Value_Measurements_Detail

Fair Value Measurements (Details 3) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Prepaid Expenses and Other Current Assets [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Unrealized Gains on Interest Rate Swaps	$196	$0
Accrued Expenses and Other Current Liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Unrealized Losses on Interest Rate Swaps	($1,239)	($1,909)

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 4) (USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'
Contingent consideration liability- PSL	$0.20

Debt_Details

Debt (Details)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	USD ($)	USD ($)	Receivables Securitization Facility [Member]	Receivables Securitization Facility [Member]	Australian Seasonal Credit Facility [Member]	Australian Seasonal Credit Facility [Member]	Australian Seasonal Credit Facility [Member]	Unsecured Syndicated Senior Credit Facility [Member]	Unsecured Syndicated Senior Credit Facility [Member]
			USD ($)	USD ($)	USD ($)	AUD	USD ($)	USD ($)	USD ($)
Long-term debt [Abstract]	'	'	'	'	'	'	'	'	'
Australian Seasonal Credit Facility	'	'	'	'	$2,618,000	'	$0	'	'
Receivables Securitization Facility	'	'	80,000,000	0	'	'	'	'	'
Revolving Credit Facility	'	'	'	'	'	'	'	311,120,000	260,432,000
Total debt	393,738,000	260,432,000	'	'	'	'	'	'	'
Australian Seasonal Credit Facility Borrowing Capacity	'	'	'	'	'	3,000,000	'	'	'

Redeemable_Noncontrolling_Inte2

Redeemable Noncontrolling Interest (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Redeemable Noncontrolling Interest [Roll Forward]	'	'	'	'
Redeemable noncontrolling interest, beginning of period	'	'	$0	'
Acquisition date value of noncontrolling interest	'	'	3,131	'
Net income attributable to redeemable noncontrolling interest	122	0	122	0
Other comprehensive loss attributable to redeemable noncontrolling interest	'	'	-109	'
Redeemable noncontrolling interest, end of period	$3,144	$0	$3,144	$0