Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 547,270	$ 619,683
Accounts receivable, net of allowance for doubtful accounts of $52,013 and $51,501, respectively	789,448	792,434
Contract assets, net	258,299	228,579
Inventories, net	687,239	633,871
Prepaid expenses and other	113,404	108,578
Total current assets	2,395,660	2,383,145
Property, plant and equipment, net of accumulated depreciation of $989,117 and $956,634, respectively	575,845	610,096
Operating lease right-of-use assets, net	182,273
Goodwill	1,178,248	1,197,640
Deferred taxes	44,113	44,682
Other intangible assets, net	182,162	190,550
Other assets, net	206,191	190,164
Total assets	4,764,492	4,616,277
Current liabilities:
Accounts payable	398,215	418,893
Accrued liabilities	385,520	391,406
Contract liabilities	219,680	202,458
Debt due within one year	9,739	68,218
Operating lease liabilities	35,042
Total current liabilities	1,048,196	1,080,975
Long-term debt due after one year	1,350,265	1,414,829
Operating lease liabilities	146,839
Retirement obligations and other liabilities	449,388	459,693
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991	220,991
Capital in excess of par value	499,930	494,551
Retained earnings	3,651,126	3,543,007
Treasury shares, at cost – 46,053 and 46,237 shares, respectively	(2,042,140)	(2,049,404)
Deferred compensation obligation	8,277	7,117
Accumulated other comprehensive loss	(593,849)	(573,947)
Total Flowserve Corporation shareholders’ equity	1,744,335	1,642,315
Noncontrolling interests	25,469	18,465
Total equity	1,769,804	1,660,780
Total liabilities and equity	$ 4,764,492	$ 4,616,277