Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 266,013	$ 366,444
Accounts receivable, net of allowance for doubtful accounts of $46,768 and $43,936, respectively	945,966	988,391
Inventories, net	1,057,967	995,565
Prepaid expenses and other	153,416	125,410
Total current assets	2,423,362	2,475,810
Property, plant and equipment, net of accumulated depreciation of $881,655 and $855,214, respectively	755,105	758,427
Goodwill	1,227,218	1,223,986
Deferred taxes	71,439	69,327
Other intangible assets, net	222,412	228,777
Other assets, net	232,136	224,330
Total assets	4,931,672	4,980,657
Current liabilities:
Accounts payable	417,218	491,378
Accrued liabilities	750,728	796,764
Debt due within one year	70,656	60,434
Total current liabilities	1,238,602	1,348,576
Long-term debt due after one year	1,543,557	1,560,562
Retirement obligations and other liabilities	387,226	387,786
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Share issued - 176,793	220,991	220,991
Capital in excess of par value	487,775	494,961
Retained earnings	3,637,837	3,587,120
Treasury shares, at cost – 47,065 and 47,703 shares, respectively	(2,082,308)	(2,106,785)
Deferred compensation obligation	8,231	10,233
Accumulated other comprehensive loss	(528,550)	(540,043)
Total Flowserve Corporation shareholders’ equity	1,743,976	1,666,477
Noncontrolling interests	18,311	17,256
Total equity	1,762,287	1,683,733
Total liabilities and equity	$ 4,931,672	$ 4,980,657