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Realignment Programs (Tables)

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following table presents the above impacts of the Russia pre-tax charge:

			Three Months Ended March 31, 2022
(Amounts in thousands)			Flowserve Pump Division						Flow Control Division						Consolidated Total
Sales			$	(5,429)					$	(2)					$	(5,431)
Cost of sales			3,510						1,112						4,622
Gross loss			(8,939)						(1,114)						(10,053)
Selling, general and administrative expense			9,111						1,082						10,193
Operating loss			$	(18,050)					$	(2,196)					$	(20,246)

The following is a summary of total charges, net of adjustments, incurred related to our 2020 Realignment Program:

			Three Months Ended March 31, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	281					$	(5)					$	276					$	—					$	276
SG&A			—						—						—						—						—
			$	281					$	(5)					$	276					$	—					$	276
Non-Restructuring Charges
COS			$	(364)					$	(49)					$	(413)					$	(61)					$	(474)
SG&A			75						17						92						(293)						(201)
			$	(289)					$	(32)					$	(321)					$	(354)					$	(675)
Total Realignment Charges
COS			$	(83)					$	(54)					$	(137)					$	(61)					$	(198)
SG&A			75						17						92						(293)						(201)
Total			$	(8)					$	(37)					$	(45)					$	(354)					$	(399)

			Three Months Ended March 31, 2021
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	4,027					$	299					$	4,326					$	—					$	4,326
SG&A			—						(9)						(9)						—						(9)
			$	4,027					$	290					$	4,317					$	—					$	4,317
Non-Restructuring Charges
COS			$	3,892					$	598					$	4,490					$	590					$	5,080
SG&A			157						868						1,025						3,280						4,305
			$	4,049					$	1,466					$	5,515					$	3,870					$	9,385
Total Realignment Charges
COS			$	7,919					$	897					$	8,816					$	590					$	9,406
SG&A			157						859						1,016						3,280						4,296
Total			$	8,076					$	1,756					$	9,832					$	3,870					$	13,702

The following is a summary of total inception to date charges, net of adjustments, related to the 2020 Realignment Program:

			Inception to Date
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	26,156					$	2,032					$	28,188					$	—					$	28,188
SG&A			716						333						1,049						(17)						1,032
			$	26,872					$	2,365					$	29,237					$	(17)					$	29,220
Non-Restructuring Charges
COS			$	25,043					$	674					$	25,717					$	581					$	26,298
SG&A			11,124						5,279						16,403						21,502						37,905
			$	36,167					$	5,953					$	42,120					$	22,083					$	64,203
Total Realignment Charges
COS			$	51,199					$	2,706					$	53,905					$	581					$	54,486
SG&A			11,840						5,612						17,452						21,485						38,937
Total			$	63,039					$	8,318					$	71,357					$	22,066					$	93,423

Schedule of Restructuring Reserve by Type of Cost

The following is a summary of restructuring charges, net of adjustments, for our restructuring activities related to our 2020 Realignment Program:

			Three Months Ended March 31, 2022
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	—					$	—					$	240					$	36					$	276
SG&A			—						—						—												—
Total			$	—					$	—					$	240					$	36					$	276

			Three Months Ended March 31, 2021
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	1,373					$	—					$	2,190					$	763					$	4,326
SG&A			—						—						—						(9)						(9)
Total			$	1,373					$	—					$	2,190					$	754					$	4,317

The following is a summary of total inception to date restructuring charges, net of adjustments, related to our 2020 Realignment Program:

			Inception to Date
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	16,202					$	86					$	4,335					$	7,565					$	28,188
SG&A			251						—						14						767						1,032
Total			$	16,453					$	86					$	4,349					$	8,332					$	29,220

The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the three months ended March 31, 2022 and 2021:

(Amounts in thousands)			2022						2021
Balance at January 1			$	4,868					$	18,255
Charges, net of adjustments			37						2,127
Cash expenditures			(1,260)						(8,296)
Other non-cash adjustments, including currency			(64)						(617)
Balance at March 31			$	3,581					$	11,469

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
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