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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Sales $ 1,096,476 $ 1,204,012 $ 3,273,342 $ 3,496,526
Cost of sales (707,726) (782,522) (2,183,770) (2,267,609)
Gross profit 388,750 421,490 1,089,572 1,228,917
Selling, general and administrative expense (223,516) (230,872) (707,037) (685,277)
Net earnings from affiliates 2,615 1,825 6,268 7,442
Operating income 167,849 192,443 388,803 551,082
Interest expense (16,283) (15,130) (47,712) (45,306)
Interest income 499 400 1,504 1,238
Other expense, net (5,430) 5,612 (30,258) (1,129)
Earnings before income taxes 146,635 183,325 312,337 505,885
Provision for income taxes (52,099) (52,725) (111,525) (141,533)
Net earnings, including noncontrolling interests 94,536 130,600 200,812 364,352
Less: Net earnings attributable to noncontrolling interests (913) (2,038) (4,515) (4,544)
Net earnings attributable to Flowserve Corporation $ 93,623 $ 128,562 $ 196,297 $ 359,808
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.71 $ 0.94 $ 1.47 $ 2.62
Diluted (in dollars per share) 0.70 0.93 1.46 2.60
Cash dividends declared per share (in dollars per share) $ 0.18 $ 0.16 $ 0.54 $ 0.48