Three-dimensional large eddy simulations were carried out to investigate the flow around two tandem circular cylinders at a subcritical Reynolds number of Re = 103. The cylinder center-to-center spacing ratio L/D is varied from 1.25 to 6, where D is the cylinder diameter. In order to enhance the understanding of flow physics around two circular cylinders, particular attention is devoted to fluctuating forces, shear-layer reattachment, flow separation, wake recirculation, Strouhal number (St), and phase lag (ϕ) between the fluctuating lift of the two cylinders. The flow structure around the cylinders is highly sensitive to L/D. A change in L/D thus leads to overshoot flow (L/D ≤ 1.25), reattachment flow (1.5 ≤ L/D ≤ 3.5), and coshedding flow (L/D ≥ 4). The boundaries are characterized by drastic changes in the flow structure and a discontinuous drop/rise in St and forces. The St drops at the boundary between overshoot and reattachment flow regimes and jumps at the boundary between reattachment and coshedding flow regimes, while fluctuating forces and ϕ both jump at both boundaries. The flow separation on the downstream cylinder is much delayed (122°–128°) in the reattachment flow regime compared to that on the single cylinder (95°) or upstream cylinder (92°–95.5°). The fluctuating pressure on the entire surface of either cylinder is low for the overshoot flow because the two cylinders are enclosed by the upstream-cylinder-generated shear layers having the longest wake recirculation. The ϕ is almost zero in the overshoot flow. With increasing L/D, ϕ linearly increases in the reattachment and coshedding regimes with different gradients, larger in the latter regime than in the former, by nearly twice.