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Realignment Programs (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following table presents the above impacts of the Russia pre-tax charge in the first six months of 2022:

									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 ("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 June 30, 2023
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	1,410					$	—					$	1,410					$	—					$	1,410
SG&A			—						(29)						(29)						1						(28)
			$	1,410					$	(29)					$	1,381					$	1					$	1,382
Non-Restructuring Charges
COS			$	(457)					$	3,153					$	2,696					$	—					$	2,696
SG&A			17						29						46						7,427						7,473
			$	(440)					$	3,182					$	2,742					$	7,427					$	10,169
Total Realignment Charges
COS			$	953					$	3,153					$	4,106					$	—					$	4,106
SG&A			17						—						17						7,428						7,445
Total			$	970					$	3,153					$	4,123					$	7,428					$	11,551

			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

			Six Months Ended June 30, 2023
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	398					$	—					$	398					$	66					$	464
SG&A			—						8,876						8,876						1						8,877
			$	398					$	8,876					$	9,274					$	67					$	9,341
Non-Restructuring Charges
COS			$	945					$	3,164					$	4,109					$	(265)					$	3,844
SG&A			2,067						30						2,097						13,148						15,245
			$	3,012					$	3,194					$	6,206					$	12,883					$	19,089
Total Realignment Charges
COS			$	1,343					$	3,164					$	4,507					$	(199)					$	4,308
SG&A			2,067						8,906						10,973						13,149						24,122
Total			$	3,410					$	12,070					$	15,480					$	12,950					$	28,430

			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

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			$	398					$	—					$	398					$	66					$	464
SG&A			—						8,876						8,876						1						8,877
			$	398					$	8,876					$	9,274					$	67					$	9,341
Non-Restructuring Charges
COS			$	945					$	3,164					$	4,109					$	(265)					$	3,844
SG&A			2,067						30						2,097						13,148						15,245
			$	3,012					$	3,194					$	6,206					$	12,883					$	19,089
Total Realignment Charges
COS			$	1,343					$	3,164					$	4,507					$	(199)					$	4,308
SG&A			2,067						8,906						10,973						13,149						24,122
Total			$	3,410					$	12,070					$	15,480					$	12,950					$	28,430

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 Programs:

			Three Months Ended June 30, 2023
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs (Gains)						Other						Total
COS			$	255					$	228					$	33					$	894					$	1,410
SG&A			(5)						—						(29)						6						(28)
Total			$	250					$	228					$	4					$	900					$	1,382

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

			Six Months Ended June 30, 2023
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs (Gains)						Other						Total
COS			$	441					$	294					$	(1,270)					$	999					$	464
SG&A			—						—						8,871						6						8,877
Total			$	441					$	294					$	7,601					$	1,005					$	9,341

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

The following is a summary of total inception to date restructuring charges, net of adjustments, related to our 2023 Realignment Programs:

			Inception to Date
(Amounts in thousands)			Severance						Contract Termination						Asset Write-Downs (Gains)						Other						Total
COS			$	441					$	294					$	(1,270)					$	999					$	464
SG&A			—						—						8,871						6						8,877
Total			$	441					$	294					$	7,601					$	1,005					$	9,341

The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the six months ended June 30, 2023 and 2022:

(Amounts in thousands)			2023						2022
Balance at January 1			$	965					$	4,868
Charges, net of adjustments			1,739						696
Cash expenditures			(1,231)						(2,082)
Other non-cash adjustments, including currency			(170)						(310)
Balance at June 30			$	1,303					$	3,172

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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.

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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.

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