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Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Data [Abstract]  
Summary of the Unaudited Quarterly Data
The following presents a summary of the unaudited quarterly data for 2013 and 2012 (amounts in millions, except per share data):
 
 
2013
Quarter
 
4th
 
3rd
 
2nd
 
1st
Sales
 
$
1,389.4

 
$
1,229.1

 
$
1,239.5

 
$
1,096.6

Gross profit
 
470.5

 
422.7

 
421.6

 
373.3

Earnings before income taxes
 
191.7

 
182.4

 
171.3

 
147.6

Net earnings attributable to Flowserve Corporation
 
141.1

 
126.3

 
120.4

 
97.8

Earnings per share (1):
 
 

 
 

 
 

 
 

Basic
 
$
1.01

 
$
0.90

 
$
0.85

 
$
0.68

Diluted
 
1.01

 
0.90

 
0.84

 
0.67

 
 
2012
Quarter
 
4th
 
3rd
 
2nd
 
1st
Sales
 
$
1,328.2

 
$
1,165.9

 
$
1,182.2

 
$
1,075.0

Gross profit
 
447.6

 
389.6

 
384.6

 
359.2

Earnings before income taxes
 
189.8

 
144.6

 
148.1

 
129.1

Net earnings attributable to Flowserve Corporation
 
141.6

 
106.3

 
107.3

 
93.1

Earnings per share (1):
 
 

 
 

 
 

 
 

Basic
 
$
0.95

 
$
0.70

 
$
0.66

 
$
0.57

Diluted
 
0.94

 
0.69

 
0.66

 
0.56


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(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.

The significant pre-tax fourth quarter adjustment for 2013 was to record $10.7 million in charges related to our realignment program. See Note 20 for additional information on our realignment program.