Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

FLOWSERVE CORPORATION

Schedule II — Valuation and Qualifying Accounts

For the Years Ended December 31, 2020, 2019 and 2018


Description	Balance at Beginning of Year		Additions Charged to Cost and Expenses	Additions Charged to Other Accounts— Acquisitions and Related Adjustments	Deductions From Reserve	Balance at End of Year
	(Amounts in thousands)
Year Ended December 31, 2020
Allowance for doubtful accounts(a):	$	47,269	18,929	—	(6,918)	$	59,280
Allowance for other short-term receivables	6,144		9,753	—	—	15,897
Allowance for long-term receivables	198,957		3,557	—	(15)	202,499
Deferred tax asset valuation allowance(b):	266,414		50,327	(529)	(28,425)	287,787
Year Ended December 31, 2019
Allowance for doubtful accounts(a):	51,501		3,762	—	(7,994)	47,269
Allowance for other short-term receivables	—		6,144	—	—	6,144
Allowance for long-term receivables	182,872		16,161	—	(76)	198,957
Deferred tax asset valuation allowance(b):	133,929		145,010	1,832	(14,357)	266,414
Year Ended December 31, 2018
Allowance for doubtful accounts(a):	59,113		8,050	—	(15,662)	51,501

Allowance for long-term receivables	171,340		13,099	—	(1,567)	182,872
Deferred tax asset valuation allowance(b):	119,309		32,157	(7,551)	(9,986)	133,929

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(a)Deductions from reserve represent accounts written off and recoveries related to trade accounts receivables.

(b)Deductions from reserve result from the expiration or utilization of net operating losses and foreign tax credits previously reserved. Additions in 2020 includes capital loss carryforward. Refer to Note 19 to our consolidated financial statements included in Item 8 of this Annual Report.