Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 310,318	$ 366,444
Accounts receivable, net of allowance for doubtful accounts of $46,914 and $43,936, respectively	914,684	988,391
Inventories, net	1,088,155	995,565
Prepaid expenses and other	116,032	125,410
Total current assets	2,429,189	2,475,810
Property, plant and equipment, net of accumulated depreciation of $892,200 and $855,214, respectively	767,633	758,427
Goodwill	1,240,187	1,223,986
Deferred taxes	82,969	69,327
Other intangible assets, net	228,294	228,777
Other assets, net	232,778	224,330
Total assets	4,981,050	4,980,657
Current liabilities:
Accounts payable	410,115	491,378
Accrued liabilities	807,121	796,764
Debt due within one year	62,566	60,434
Total current liabilities	1,279,802	1,348,576
Long-term debt due after one year	1,573,450	1,560,562
Retirement obligations and other liabilities	386,812	387,786
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Share issued - 176,793	220,991	220,991
Capital in excess of par value	480,369	494,961
Retained earnings	3,599,869	3,587,120
Treasury shares, at cost – 47,161 and 47,703 shares, respectively	(2,084,240)	(2,106,785)
Deferred compensation obligation	9,313	10,233
Accumulated other comprehensive loss	(503,637)	(540,043)
Total Flowserve Corporation shareholders’ equity	1,722,665	1,666,477
Noncontrolling interests	18,321	17,256
Total equity	1,740,986	1,683,733
Total liabilities and equity	$ 4,981,050	$ 4,980,657