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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 924,301 $ 995,709 $ 2,742,826 $ 2,871,517
Cost of sales (639,092) (662,856) (1,921,451) (1,931,756)
Gross profit 285,209 332,853 821,375 939,761
Selling, general and administrative expense (200,729) (230,362) (675,523) (665,625)
Net earnings from affiliates 2,842 2,087 9,125 8,057
Operating income 87,322 104,578 154,977 282,193
Interest expense (14,710) (13,981) (40,608) (42,025)
Interest income 673 2,253 3,571 6,494
Other income (expense), net (963) (8,477) 7,558 (15,153)
Earnings before income taxes 72,322 84,373 125,498 231,509
Provision for income taxes (18,672) (22,410) (59,175) (58,607)
Net earnings, including noncontrolling interests 53,650 61,963 66,323 172,902
Less: Net earnings attributable to noncontrolling interests (2,647) (2,121) (6,890) (6,659)
Net earnings attributable to Flowserve Corporation $ 51,003 $ 59,842 $ 59,433 $ 166,243
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.39 $ 0.46 $ 0.46 $ 1.27
Diluted (in dollars per share) $ 0.39 $ 0.45 $ 0.45 $ 1.26