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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The following presents a summary of the unaudited quarterly data for 2020 and 2019 (amounts in millions, except per share data):
|  | 2020
Quarter |  | 4th |  | 3rd |  | 2nd |  | 1st
Sales |  | $ | 985.3 |  |  | $ | 924.3 |  |  | $ | 925.0 |  |  | $ | 893.5 |
Gross profit |  | 295.4 |  |  | 285.2 |  |  | 269.7 |  |  | 266.5 |
Earnings before income taxes |  | 61.3 |  |  | 72.3 |  |  | 16.7 |  |  | 36.5 |
Net earnings (loss) attributable to Flowserve Corporation |  | 56.9 |  |  | 51.0 |  |  | 9.7 |  |  | (1.3) |
Earnings (loss) per share(1): |  |  |  |  |  |  |  |
Basic |  | $ | 0.44 |  |  | $ | 0.39 |  |  | $ | 0.07 |  |  | $ | (0.01) |
Diluted |  | 0.43 |  |  | 0.39 |  |  | 0.07 |  |  | (0.01) |
|  | 2019
Quarter |  | 4th |  | 3rd |  | 2nd |  | 1st
Sales |  | $ | 1,068.2 |  |  | $ | 995.7 |  |  | $ | 990.0 |  |  | $ | 885.8 |
Gross profit |  | 349.5 |  |  | 332.9 |  |  | 317.9 |  |  | 289.0 |
Earnings before income taxes |  | 90.9 |  |  | 84.4 |  |  | 77.4 |  |  | 69.7 |
Net earnings attributable to Flowserve Corporation |  | 72.6 |  |  | 59.8 |  |  | 54.0 |  |  | 52.4 |
Earnings per share(1): |  |  |  |  |  |  |  |
Basic |  | $ | 0.55 |  |  | $ | 0.46 |  |  | $ | 0.41 |  |  | $ | 0.40 |
Diluted |  | 0.55 |  |  | 0.45 |  |  | 0.41 |  |  | 0.40 |
_______________________________________ (1)Earnings per share is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in weighted average quarterly shares outstanding. We have revised our consolidated financial statements for the annual periods 2019 and 2018, herein to correct errors, as further discussed in Note 2 to the consolidated financial statements. We previously revised our consolidated financial statements as of and for the quarterly period ended September 30, 2019 in connection with filing of the Form 10-Q for the period ended September 30, 2020 as filed on November 9, 2020. Other periods above have been derived from our Quarterly Reports on Form 10-Q filed for the respective period, in each case adjusted to reflect the impact of the revisions as described in Note 2 of this Annual Report. The consolidated financial statements for the quarterly periods ended March 31, 2020 and June 30, 2020 will be revised in connection with the filing of each respective period in 2021.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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