Pool (POOL) 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Mar. 31, 2015	Apr. 24, 2015	Jun. 30, 2014
Entity [Abstract]
Entity Registrant Name	POOL CORP
Entity Central Index Key	945841
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$2,378,059,318
Entity Common Stock, Shares Outstanding		43,653,157
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net sales	$450,430	$406,344
Cost of sales	325,629	292,244
Gross profit	124,801	114,100
Selling and administrative expenses	109,202	105,454
Operating income	15,599	8,646
Interest expense, net	1,995	1,933
Income before income taxes and equity earnings	13,604	6,713
Provision for income taxes	5,292	2,604
Equity earnings in unconsolidated investments	121	79
Net income	8,433	4,188
Less: Net income attributable to redeemable noncontrolling interest	-14	0
Net income attributable to Pool Corporation	$8,419	$4,188
Earnings per share:
Basic (in dollars per share)	$0.19	$0.09
Diluted (in dollars per share)	$0.19	$0.09
Weighted average shares outstanding: [Abstract]
Basic (in shares)	43,601	45,178
Diluted (in shares)	44,756	46,375
Cash dividends declared per common share	$0.22	$0.19

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$8,433	$4,188
Other comprehensive loss:
Foreign currency translation adjustments	-4,708	-847
Change in unrealized gains and losses on interest rate swaps, net of tax	-928	116
Total other comprehensive loss	-5,636	-731
Comprehensive income	2,797	3,457
Add: comprehensive loss attributable to noncontrolling interest	202	0
Comprehensive income attributable to Pool Corporation	$2,999	$3,457

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Other comprehensive loss :
Tax effect of change in unrealized gains and losses on interest rate swaps	$593	($74)

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$5,048	$14,830	$7,257
Receivables, net	56,117	51,014	47,694
Receivables pledged under receivables facility	182,610	89,631	163,413
Product inventories, net	559,260	466,962	527,304
Prepaid expenses and other current assets	11,066	11,659	9,944
Deferred income taxes	3,091	3,117	5,427
Total current assets	817,192	637,213	761,039
Property and equipment, net	62,509	56,475	55,212
Goodwill	172,335	173,924	173,554
Other intangible assets, net	11,735	11,995	10,991
Equity interest investments	1,345	1,244	1,272
Other assets, net	19,298	12,086	11,132
Total assets	1,084,414	892,937	1,013,200
Current liabilities:
Accounts payable	375,995	236,294	370,002
Accrued expenses and other current liabilities	32,188	54,085	28,069
Current portion of long-term debt and other long-term liabilities	0	1,529	4
Total current liabilities	408,183	291,908	398,075
Deferred income taxes	23,918	23,504	19,747
Long-term debt	394,559	319,309	324,226
Other long-term liabilities	13,354	10,751	9,474
Total liabilities	840,014	645,472	751,522
Redeemable noncontrolling interest	2,911	3,113	0
Stockholders' equity:
Common stock	44	44	45
Additional paid-in capital	350,758	338,620	319,278
Retained deficit	-100,231	-90,650	-59,826
Accumulated other comprehensive (loss) income	-9,082	-3,662	2,181
Total stockholders' equity	241,489	244,352	261,678
Total liabilities, redeemable noncontrolling interest and stockholders' equity	$1,084,414	$892,937	$1,013,200

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
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)	43,650,023	43,511,093	45,123,118
Common stock, outstanding (in shares)	43,650,023	43,511,093	45,123,118

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net income	$8,433	$4,188
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	3,711	3,434
Amortization	278	328
Share-based compensation	2,171	2,058
Excess tax benefits from share-based compensation	-3,738	-1,487
Equity earnings in unconsolidated investments	-121	-79
Other	2,107	1,851
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables	-98,163	-85,018
Product inventories	-93,133	-97,032
Prepaid expenses and other assets	64	-1,197
Accounts payable	138,792	154,675
Accrued expenses and other current liabilities	-18,054	-19,066
Net cash used in operating activities	-57,653	-37,345
Investing activities
Acquisition of businesses, net of cash acquired	-319	-4,512
Purchase of property and equipment, net of sale proceeds	-8,797	-5,870
Payments to fund credit agreement	-5,350	0
Other investments, net	-57	49
Net cash used in investing activities	-14,523	-10,333
Financing activities
Proceeds from revolving line of credit	217,207	184,988
Payments on revolving line of credit	-188,457	-163,549
Proceeds from asset-backed financing	62,500	66,569
Payments on asset-backed financing	-16,000	-10,200
Proceeds from long-term debt and other long-term liabilities	680	0
Payments on long-term debt and other long-term liabilities	-2,209	0
Excess tax benefits from share-based compensation	3,738	1,487
Proceeds from stock issued under share-based compensation plans	6,229	5,231
Payments of cash dividends	-9,607	-8,569
Purchases of treasury stock	-8,393	-28,168
Net cash provided by financing activities	65,688	47,789
Effect of exchange rate changes on cash and cash equivalents	-3,294	-860
Change in cash and cash equivalents	-9,782	-749
Cash and cash equivalents at beginning of period	14,830	8,006
Cash and cash equivalents at end of period	$5,048	$7,257

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
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 2014 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 month period ended March 31, 2015 are not necessarily indicative of the expected results for our fiscal year ending December 31, 2015.
	Reclassifications
	On our Condensed Consolidated Statements of Cash Flows, for comparative purposes, we reclassified certain amounts in 2014 to conform to our 2015 presentation. Within Net cash used in operating activities, we now include the amount of our provision for deferred income taxes as opposed to the change in deferred income taxes within the Other line item. This change resulted in a reclassification of amounts between the Other line item and the Accrued expenses and other current liabilities line item. This reclassification had no impact on our Net cash used in operating activities or total cash flows for any period presented.
	Variable Interest Entity
	In February 2015, we entered into a five-year credit agreement with a swimming pool retailer. Under this agreement and the related revolving note, we are the primary lender of operating funds for this entity. The total lending commitment under the credit agreement is $8.5 million, of which $6.6 million was outstanding as of March 31, 2015. Amounts outstanding under the credit agreement are recorded within Other assets, net on our Consolidated Balance Sheets and are collateralized by certain assets of the business. We have a variable interest in this entity; however, we have no decision-making authority over its activities through voting or other rights. Additionally, we have no obligation to absorb any of its losses, nor do we have the right to receive any residual returns, should either occur. We are not considered the primary beneficiary of this variable interest entity, and therefore we are not required to consolidate this entity’s financial statements.
	Retained Deficit
	We account for the retirement of treasury shares as a reduction of retained earnings (deficit).   As of March 31, 2015, 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 $824.1 million and cumulative dividends of $284.5 million.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
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 the 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
		March 31,
		2015			2014
	Net income	$	8,433		$	4,188
	Less: net income attributable to noncontrolling interest	(14		)	—
	Net income attributable to Pool Corporation	$	8,419		$	4,188
	Weighted average shares outstanding:
	Basic	43,601			45,178
	Effect of dilutive securities:
	Stock options and employee stock purchase plan	1,155			1,197
	Diluted	44,756			46,375
	Earnings per share:
	Basic	$	0.19		$	0.09
	Diluted	$	0.19		$	0.09
	Anti-dilutive stock options excluded from diluted earnings per share computations	176			169

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Acquisitions	Note 3 – Acquisitions
	In December 2014, we acquired certain distribution assets of St. Louis Hardscape Material & Supply, LLC, a hardscape and landscaping materials supplier with one location in St. Louis, Missouri. Because this acquisition was completed on December 31, 2014, we have included the results of this acquired company beginning January 1, 2015.
	We completed our preliminary acquisition accounting for this acquisition, subject to adjustments in accordance with the terms of the purchase agreements during the one year measurement period.  This acquisition did not have a material impact on our financial position or results of operations.
	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.
	We completed our preliminary acquisition accounting for this acquisition, subject to adjustments in accordance with the terms of the purchase agreements during the one year measurement period.  This acquisition did not have a material impact on our financial position or results of operations.
	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 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	3 Months Ended
	Mar. 31, 2015
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 PSL acquisition. The three levels of the fair value hierarchy under the accounting guidance are described below:
	Level 1	Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.
	Level 2	Inputs to the valuation methodology include:
	•	quoted prices for similar assets or liabilities in active markets;
	•	quoted prices for identical or similar assets or liabilities in inactive markets;
	•	inputs other than quoted prices that are observable for the asset or liability; or
	•	inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	Level 3	Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	Interest Rate Swaps
	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 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 three months of 2015 nor 2014.
	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
			March 31,
	Level 2		2015			2014
	Unrealized losses on interest rate swaps		$	(3,728	)	$	(1,520	)
	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.
	Contingent Consideration
	As of March 31, 2015, 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). We have made no adjustments to our estimate since the acquisition date. Any adjustment to the fair value of contingent consideration would be recognized in earnings in the period in which we determined that the fair value changed. Based on our earnings projections for PSL as of March 31, 2015, we determined that the contingent consideration liability was in a range of acceptable estimates.
	Other
	The carrying values of cash, receivables, accounts payable and accrued liabilities approximate fair value due to the short maturity of those instruments. The carrying value of the note receivable with our variable interest entity and the carrying value of long-term debt approximate fair value.  Our determination of the estimated fair values of these long-term instruments reflects a discounted cash flow model using our estimates, including assumptions related to borrowing rates and collectibility (Level 3 inputs as defined in the accounting guidance).

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 5 – Debt
	The table below presents the components of our debt at March 31, 2015 and March 31, 2014 (in thousands):
		March 31,
		2015		2014
	Long-term debt, variable rate:
	Revolving Credit Facility	$	280,459	$	215,857
	Receivables Securitization Facility	114,100		108,369
	Total debt	$	394,559	$	324,226
	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	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015.
	The table below presents the changes in Redeemable noncontrolling interest (in thousands):
		31-Mar-15
	Redeemable noncontrolling interest, beginning of period	$	3,113
	Net income attributable to noncontrolling interest	14
	Other comprehensive loss attributable to noncontrolling interest	(216		)
	Redeemable noncontrolling interest, end of period	$	2,911

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
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
		March 31,
		2015			2014
	Net income	$	8,433		$	4,188
	Less: net income attributable to noncontrolling interest	(14		)	—
	Net income attributable to Pool Corporation	$	8,419		$	4,188
	Weighted average shares outstanding:
	Basic	43,601			45,178
	Effect of dilutive securities:
	Stock options and employee stock purchase plan	1,155			1,197
	Diluted	44,756			46,375
	Earnings per share:
	Basic	$	0.19		$	0.09
	Diluted	$	0.19		$	0.09
	Anti-dilutive stock options excluded from diluted earnings per share computations	176			169

Fair_Value_Measurements_and_In1

Fair Value Measurements and Interest Rate Swaps (Tables)	3 Months Ended
	Mar. 31, 2015
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
		March 31,
	Level 2	2015			2014
	Unrealized losses on interest rate swaps	$	(3,728	)	$	(1,520	)
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 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)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	The table below presents the components of our debt at March 31, 2015 and March 31, 2014 (in thousands):
		March 31,
		2015		2014
	Long-term debt, variable rate:
	Revolving Credit Facility	$	280,459	$	215,857
	Receivables Securitization Facility	114,100		108,369
	Total debt	$	394,559	$	324,226

Redeemable_Noncontrolling_Inte1

Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2015
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):
		31-Mar-15
	Redeemable noncontrolling interest, beginning of period	$	3,113
	Net income attributable to noncontrolling interest	14
	Other comprehensive loss attributable to noncontrolling interest	(216		)
	Redeemable noncontrolling interest, end of period	$	2,911

Summary_of_Significant_Account1

Summary of Significant Accounting Policies Controlling Interest Percentage (Details)	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Controlling interest percentage by parent	60.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies Variable Interest Entity (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Variable Interest Entity [Line Items]
Variable Interest Entity, Nonconsolidated, Credit Agreement Capacity	$8.50
Variable Interest Entity, Nonconsolidated, Note Receivable Outstanding	$6.60

Summary_of_Significant_Account3

Summary of Significant Accounting Policies Retained Deficit (Details) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Retained Earnings (Accumulated Deficit) [Abstract]
Cumulative share repurchases	$824.10
Cumulative dividends declared	$284.50

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net income	$8,433	$4,188
Less: net income attributable to redeemable noncontrolling interest	-14	0
Net income attributable to Pool Corporation	$8,419	$4,188
Weighted average shares outstanding: [Abstract]
Basic (in shares)	43,601	45,178
Effect of dilutive securities: [Abstract]
Stock options and employee stock purchase plan (in shares)	1,155	1,197
Diluted (in shares)	44,756	46,375
Basic (in dollars per share)	$0.19	$0.09
Diluted (in dollars per share)	$0.19	$0.09
Anti-dilutive stock options excluded from diluted earnings per share computations (in shares)	176	169

Acquisitions_Details

Acquisitions (Details)	Mar. 31, 2015
Business Acquisition [Line Items]
Parent's controlling interest percentage in PSL	60.00%
St. Louis Hardscape Material & Supply, LLC [Member]
Business Acquisition [Line Items]
Number of sales centers	1
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

Interest_Rate_Swaps_Details

Interest Rate Swaps (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
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 $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
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) (Accrued Expenses and Other Current Liabilities [Member], USD $)	Mar. 31, 2015	Mar. 31, 2014
In Thousands, unless otherwise specified
Accrued Expenses and Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized Losses on Interest Rate Swaps	($3,728)	($1,520)

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 4) (USD $)	Mar. 31, 2015
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) (USD $)	Mar. 31, 2015	Mar. 31, 2014
In Thousands, unless otherwise specified
Long-term debt [Abstract]
Total debt	$394,559	$324,226
Receivables Securitization Facility [Member]
Long-term debt [Abstract]
Receivables Securitization Facility	114,100	108,369
Unsecured Syndicated Senior Credit Facility [Member]
Long-term debt [Abstract]
Revolving Credit Facility	$280,459	$215,857

Redeemable_Noncontrolling_Inte2

Redeemable Noncontrolling Interest (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Redeemable Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interest, beginning of period	$3,113
Net income attributable to redeemable noncontrolling interest	14	0
Other comprehensive loss attributable to redeemable noncontrolling interest	-216
Redeemable noncontrolling interest, end of period	$2,911	$0