|
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Income Statement [Abstract] |
|
|
| Sales |
$ 1,014,620 |
$ 1,068,136 |
| Cost of sales |
(682,890) |
(691,014) |
| Gross profit |
331,730 |
377,122 |
| Selling, general and administrative expense |
(239,927) |
(216,227) |
| Net earnings from affiliates |
1,573 |
3,431 |
| Operating income |
93,376 |
164,326 |
| Interest expense |
(16,037) |
(15,149) |
| Interest income |
758 |
331 |
| Other expense, net |
(19,946) |
(2,905) |
| Earnings before income taxes |
58,151 |
146,603 |
| Provision for income taxes |
(28,506) |
(38,015) |
| Net earnings, including noncontrolling interests |
29,645 |
108,588 |
| Less: Net earnings attributable to noncontrolling interests |
(1,979) |
(854) |
| Net earnings attributable to Flowserve Corporation |
$ 27,666 |
$ 107,734 |
| Net earnings per share attributable to Flowserve Corporation common shareholders: |
|
|
| Basic (in dollars per share) |
$ 0.21 |
$ 0.78 |
| Diluted (in dollars per share) |
$ 0.20 |
$ 0.78 |
| Cash dividends declared per share (in dollars per share) |
$ 0.18 |
$ 0.16 |