Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Data [Abstract]

Summary of the Unaudited Quarterly Data

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following presents a summary of the unaudited quarterly data for 2015 and 2014 (amounts in millions, except per share data):

	2015
Quarter	4th		3rd		2nd		1st
Sales	$	1,287.7	$	1,096.5	$	1,162.2	$	1,014.6
Gross profit	397.7		388.8		369.1		331.7
Earnings before income taxes	109.8		146.6		107.6		58.2
Net earnings attributable to Flowserve Corporation	71.4		93.6		75.0		27.7
Earnings per share (1):
Basic	$	0.55	$	0.71	$	0.56	$	0.21
Diluted	0.54		0.70		0.56		0.20

	2014
Quarter	4th		3rd		2nd		1st
Sales	$	1,381.4	$	1,204.0	$	1,224.4	$	1,068.1
Gross profit	485.7		421.5		430.3		377.1
Earnings before income taxes	227.3		183.3		176.0		146.6
Net earnings attributable to Flowserve Corporation	159.0		128.6		123.5		107.7
Earnings per share (1):
Basic	$	1.17	$	0.94	$	0.90	$	0.78
Diluted	1.16		0.93		0.90		0.78

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(1) Earnings per share is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in weighted average quarterly shares outstanding.

The significant fourth quarter impact to 2015 earnings before income taxes was to record $52.4 million in charges related to our Realignment Programs. See Note 18 for additional information on our Realignment Programs. In addition, there was $31.5 million less broad-based annual incentive compensation expense in the fourth quarter of 2015 as compared to the same period in 2014.