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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Summary of the Unaudited Quarterly Data
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following presents a summary of the unaudited quarterly data for 2017 and 2016 (amounts in millions, except per share data):
 
 
2017
Quarter
 
4th
 
3rd
 
2nd
 
1st
Sales
 
$
1,034.1

 
$
883.4

 
$
877.1

 
$
866.3

Gross profit
 
304.4

 
267.5

 
245.0

 
268.4

Earnings before income taxes
 
67.0

 
68.4

 
103.0

 
24.6

Net (loss) earnings attributable to Flowserve Corporation
 
(105.9
)
 
47.6

 
41.9

 
19.1

(Loss) earnings per share(1):
 
 

 
 

 
 

 
 

Basic
 
$
(0.81
)
 
$
0.36

 
$
0.32

 
$
0.15

Diluted
 
(0.81
)
 
0.36

 
0.32

 
0.15

 
 
2016
Quarter
 
4th
 
3rd
 
2nd
 
1st
Sales
 
$
1,071.0

 
$
945.9

 
$
1,027.4

 
$
946.2

Gross profit
 
327.3

 
278.0

 
320.7

 
305.2

Earnings (loss) before income taxes
 
89.7

 
(12.2
)
 
83.9

 
51.5

Net earnings (loss) attributable to Flowserve Corporation
 
60.0

 
(15.8
)
 
54.4

 
33.9

Earnings (loss) per share(1):
 
 

 
 

 
 

 
 

Basic
 
$
0.46

 
$
(0.12
)
 
$
0.42

 
$
0.26

Diluted
 
0.46

 
(0.12
)
 
0.42

 
0.26


_______________________________________
(1)
Earnings per share is computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in weighted average quarterly shares outstanding.