Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 325,783	$ 367,162
Accounts receivable, net of allowance for doubtful accounts of $52,072 and $51,920, respectively	844,597	894,749
Inventories, net	957,120	919,251
Prepaid expenses and other	154,633	150,199
Total current assets	2,282,133	2,331,361
Property, plant and equipment, net of accumulated depreciation of $911,160 and $882,151, respectively	715,563	723,628
Goodwill	1,211,153	1,205,054
Deferred taxes	84,590	87,178
Other intangible assets, net	216,724	214,527
Other assets, net	186,668	181,014
Total assets	4,696,831	4,742,762
Current liabilities:
Accounts payable	354,566	412,087
Accrued liabilities	654,025	680,689
Debt due within one year	90,632	85,365
Total current liabilities	1,099,223	1,178,141
Long-term debt due after one year	1,477,549	1,485,258
Retirement obligations and other liabilities	418,196	410,168
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	481,443	491,848
Retained earnings	3,624,907	3,632,163
Treasury shares, at cost – 46,575 and 46,980 shares, respectively	(2,063,085)	(2,078,527)
Deferred compensation obligation	6,641	8,507
Accumulated other comprehensive loss	(590,523)	(626,748)
Total Flowserve Corporation shareholders’ equity	1,680,374	1,648,234
Noncontrolling interests	21,489	20,961
Total equity	1,701,863	1,669,195
Total liabilities and equity	$ 4,696,831	$ 4,742,762