XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 866,118 $ 924,301 $ 2,621,604 $ 2,742,826
Cost of sales (612,626) (639,092) (1,838,974) (1,921,451)
Gross profit 253,492 285,209 782,630 821,375
Selling, general and administrative expense (200,862) (200,729) (609,965) (675,523)
Gain on sale of business     1,806 0
Net earnings from affiliates 4,732 2,842 11,157 9,125
Operating income 57,362 87,322 185,628 154,977
Interest expense (14,746) (13,509) (45,847) (39,407)
Loss on extinguishment of debt (563) (1,201) (8,173) (1,201)
Interest income 827 673 1,893 3,571
Other income (expense), net (1,504) 4,673 (20,717) 23,969
Earnings before income taxes 41,376 77,958 112,784 141,909
(Provision for) benefit from income taxes 10,433 (19,196) 3,929 (60,650)
Net earnings, including noncontrolling interests 51,809 58,762 116,713 81,259
Less: Net earnings attributable to noncontrolling interests (2,024) (2,647) (7,495) (6,890)
Net earnings attributable to Flowserve Corporation $ 49,785 $ 56,115 $ 109,218 $ 74,369
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.38 $ 0.43 $ 0.84 $ 0.57
Diluted (in dollars per share) $ 0.38 $ 0.43 $ 0.83 $ 0.57