Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following is a reconciliation of net earnings of Flowserve Corporation and weighted average shares for calculating net earnings per common share. Earnings per weighted average common share outstanding was calculated as follows:

	Three Months Ended March 31,
(Amounts in thousands, except per share data)	2016		2015
Net earnings of Flowserve Corporation	$	37,859	$	27,666
Dividends on restricted shares not expected to vest	2		3
Earnings attributable to common and participating shareholders	$	37,861	$	27,669
Weighted average shares:
Common stock	129,781		134,388
Participating securities	361		530
Denominator for basic earnings per common share	130,142		134,918
Effect of potentially dilutive securities	670		1,036
Denominator for diluted earnings per common share	130,812		135,954
Earnings per common share:
Basic	$	0.29	$	0.21
Diluted	0.29		0.20

Diluted earnings per share above is based upon the weighted average number of shares as determined for basic earnings per share plus shares potentially issuable in conjunction with stock options and Restricted Shares.