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Realignment Programs (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

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

									Six Months Ended June 30, 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 Realignment Program:

			Three Months Ended June 30, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	604					$	76					$	680					$	—					$	680
SG&A			—						—						—						—						—
			$	604					$	76					$	680					$	—					$	680
Non-Restructuring Charges
COS			$	(225)					$	12					$	(213)					$	—					$	(213)
SG&A			2						33						35						27						62
			$	(223)					$	45					$	(178)					$	27					$	(151)
Total Realignment Charges
COS			$	379					$	88					$	467					$	—					$	467
SG&A			2						33						35						27						62
Total			$	381					$	121					$	502					$	27					$	529

			Three Months Ended June 30, 2021
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	2,016					$	171					$	2,187					$	—					$	2,187
SG&A			667						—						667						—						667
			$	2,683					$	171					$	2,854					$	—					$	2,854
Non-Restructuring Charges
COS			$	1,558					$	80					$	1,638					$	—					$	1,638
SG&A			338						(129)						209						915						1,124
			$	1,896					$	(49)					$	1,847					$	915					$	2,762
Total Realignment Charges
COS			$	3,574					$	251					$	3,825					$	—					$	3,825
SG&A			1,005						(129)						876						915						1,791
Total			$	4,579					$	122					$	4,701					$	915					$	5,616

			Six Months Ended June 30, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	885					$	71					$	956					$	—					$	956
SG&A			—						—						—						—						—
			$	885					$	71					$	956					$	—					$	956
Non-Restructuring Charges
COS			$	(589)					$	(37)					$	(626)					$	(61)					$	(687)
SG&A			77						50						127						(266)						(139)
			$	(512)					$	13					$	(499)					$	(327)					$	(826)
Total Realignment Charges
COS			$	296					$	34					$	330					$	(61)					$	269
SG&A			77						50						127						(266)						(139)
Total			$	373					$	84					$	457					$	(327)					$	130

			Six Months Ended June 30, 2021
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	6,043					$	470					$	6,513					$	—					$	6,513
SG&A			667						(9)						658						—						658
			$	6,710					$	461					$	7,171					$	—					$	7,171
Non-Restructuring Charges
COS			$	5,449					$	678					$	6,127					$	590					$	6,717
SG&A			495						739						1,234						4,195						5,429
			$	5,944					$	1,417					$	7,361					$	4,785					$	12,146
Total Realignment Charges
COS			$	11,492					$	1,148					$	12,640					$	590					$	13,230
SG&A			1,162						730						1,892						4,195						6,087
Total			$	12,654					$	1,878					$	14,532					$	4,785					$	19,317

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

			Inception to Date
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	26,761					$	2,107					$	28,868					$	—					$	28,868
SG&A			716						333						1,049						(17)						1,032
			$	27,477					$	2,440					$	29,917					$	(17)					$	29,900
Non-Restructuring Charges
COS			$	24,818					$	686					$	25,504					$	581					$	26,085
SG&A			11,126						5,312						16,438						21,529						37,967
			$	35,944					$	5,998					$	41,942					$	22,110					$	64,052
Total Realignment Charges
COS			$	51,579					$	2,793					$	54,372					$	581					$	54,953
SG&A			11,842						5,645						17,487						21,512						38,999
Total			$	63,421					$	8,438					$	71,859					$	22,093					$	93,952

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 Realignment Program:

			Three Months Ended June 30, 2022
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	570					$	—					$	19					$	91					$	680
SG&A			—						—						—						—						—
Total			$	570					$	—					$	19					$	91					$	680

			Three Months Ended June 30, 2021
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	(154)					$	—					$	(849)					$	3,190					$	2,187
SG&A			168						—						—						499						667
Total			$	14					$	—					$	(849)					$	3,689					$	2,854

			Six Months Ended June 30, 2022
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	568					$	—					$	259					$	129					$	956
SG&A			—						—						—						—						—
Total			$	568					$	—					$	259					$	129					$	956

			Six Months Ended June 30, 2021
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	1,219					$	—					$	1,341					$	3,953					$	6,513
SG&A			168						—						—						490						658
Total			$	1,387					$	—					$	1,341					$	4,443					$	7,171

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

			Inception to Date
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs						Other						Total
COS			$	16,772					$	86					$	4,354					$	7,656					$	28,868
SG&A			251						—						14						767						1,032
Total			$	17,023					$	86					$	4,368					$	8,423					$	29,900

The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the six months ended June 30, 2022 and 2021:

(Amounts in thousands)			2022						2021
Balance at January 1			$	4,868					$	18,255
Charges, net of adjustments			696						5,830
Cash expenditures			(2,082)						(14,388)
Other non-cash adjustments, including currency			(310)						(461)
Balance at June 30			$	3,172					$	9,236

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- References

No definition available.

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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
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
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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
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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