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v3.23.1

Basis of Presentation and Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Restructuring and Related Costs | The following table presents the above impacts of the Russia pre-tax charge in the first quarter of 2022:
|  |  | 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 ("COS") |  |  |  |  |  |  | 3,510 |  |  | 1,112 |  |  | 4,622 |
Gross loss |  |  |  |  |  |  | (8,939) |  |  | (1,114) |  |  | (10,053) |
Selling, general and administrative expense ("SG&A") |  |  |  |  |  |  | 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 Programs:
| Three Months Ended March 31, 2023
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Realignment Charges |  |  |  |  |  |  |  |  |
Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | (1,012) |  |  | $ | — |  |  | $ | (1,012) |  |  | $ | 66 |  |  | $ | (946) |
SG&A | — |  |  | 8,905 |  |  | 8,905 |  |  | — |  |  | 8,905 |
| $ | (1,012) |  |  | $ | 8,905 |  |  | $ | 7,893 |  |  | $ | 66 |  |  | $ | 7,959 |
Non-Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | 1,402 |  |  | $ | 11 |  |  | $ | 1,413 |  |  | $ | (265) |  |  | $ | 1,148 |
SG&A | 2,050 |  |  | 1 |  |  | 2,051 |  |  | 5,721 |  |  | 7,772 |
| $ | 3,452 |  |  | $ | 12 |  |  | $ | 3,464 |  |  | $ | 5,456 |  |  | $ | 8,920 |
Total Realignment Charges |  |  |  |  |  |  |  |  |
COS | $ | 390 |  |  | $ | 11 |  |  | $ | 401 |  |  | $ | (199) |  |  | $ | 202 |
SG&A | 2,050 |  |  | 8,906 |  |  | 10,956 |  |  | 5,721 |  |  | 16,677 |
Total | $ | 2,440 |  |  | $ | 8,917 |  |  | $ | 11,357 |  |  | $ | 5,522 |  |  | $ | 16,879 |
| 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) |
The following is a summary of total inception to date charges, net of adjustments, related to the 2023 Realignment Programs:
| Inception to Date
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Realignment Charges |  |  |  |  |  |  |  |  |
Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | (1,012) |  |  | $ | — |  |  | $ | (1,012) |  |  | $ | 66 |  |  | $ | (946) |
SG&A | — |  |  | 8,905 |  |  | 8,905 |  |  | — |  |  | 8,905 |
| $ | (1,012) |  |  | $ | 8,905 |  |  | $ | 7,893 |  |  | $ | 66 |  |  | $ | 7,959 |
Non-Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | 1,402 |  |  | $ | 11 |  |  | $ | 1,413 |  |  | $ | (265) |  |  | $ | 1,148 |
SG&A | 2,050 |  |  | 1 |  |  | 2,051 |  |  | 5,721 |  |  | 7,772 |
| $ | 3,452 |  |  | $ | 12 |  |  | $ | 3,464 |  |  | $ | 5,456 |  |  | $ | 8,920 |
Total Realignment Charges |  |  |  |  |  |  |  |  |
COS | $ | 390 |  |  | $ | 11 |  |  | $ | 401 |  |  | $ | (199) |  |  | $ | 202 |
SG&A | 2,050 |  |  | 8,906 |  |  | 10,956 |  |  | 5,721 |  |  | 16,677 |
Total | $ | 2,440 |  |  | $ | 8,917 |  |  | $ | 11,357 |  |  | $ | 5,522 |  |  | $ | 16,879 |

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