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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 1,094,718 $ 872,881 $ 3,155,399 $ 2,576,161
Cost of sales (777,024) (633,304) (2,218,114) (1,877,108)
Gross profit 317,694 239,577 937,285 699,053
Selling, general and administrative expense (252,065) (221,142) (726,424) (621,956)
Net earnings from affiliates 4,627 5,782 13,229 14,821
Operating income 70,256 24,217 224,090 91,918
Interest expense (17,273) (11,582) (50,039) (33,337)
Interest income 2,134 1,141 5,535 2,938
Other income (expense), net (13,710) 28,676 (27,271) 28,152
Earnings before income taxes 41,407 42,452 152,315 89,671
Benefit from (provision for) income taxes 11,186 (1,817) (14,571) (16,618)
Net earnings, including noncontrolling interests 52,593 40,635 137,744 73,053
Less: Net earnings attributable to noncontrolling interests (6,437) (2,235) (13,618) (5,694)
Net earnings attributable to Flowserve Corporation $ 46,156 $ 38,400 $ 124,126 $ 67,359
Net earnings per share attributable to Flowserve Corporation common shareholders:        
Basic (in dollars per share) $ 0.35 $ 0.29 $ 0.95 $ 0.52
Diluted (in dollars per share) $ 0.35 $ 0.29 $ 0.94 $ 0.51
Weighted average shares - basic (in shares) 131,183,000 130,703,000 131,095,000 130,604,000
Weighted average shares - diluted (in shares) 132,026,000 131,402,000 131,864,000 131,233,000