XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Information
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information

In connection with the Flowserve 2.0 Transformation program discussed in Note 17, we have determined that there are meaningful operational synergies and benefits to combining our previously reported EPD and IPD segments into one reportable segment, FPD. During the quarter ended March 31, 2019 the reorganization was implemented and as a result we report our financial information reflecting two operating segment structure, FPD and FCD. The reorganization of the segments reflects how our chief operating decision maker (Chief Executive Officer) regularly reviews financial information to allocate resources and assess performance.
The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements:
Three Months Ended March 31, 2019
 (Amounts in thousands)
FPD
 
FCD
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
608,759

 
$
281,292

 
$
890,051

 
$

 
$
890,051

Intersegment sales
650

 
828

 
1,478

 
(1,478
)
 

Segment operating income (loss)
80,463

 
44,421

 
124,884

 
(33,653
)
 
91,231

 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 (Amounts in thousands)
FPD
 
FCD
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
644,040

 
$
275,914

 
$
919,954

 
$

 
$
919,954

Intersegment sales
409

 
1,319

 
1,728

 
(1,728
)
 

Segment operating income (loss)
34,705

 
33,889

 
68,594

 
(23,169
)
 
45,425