Earnings Per Share

6 Months Ended

Jun. 30, 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 June 30,
(Amounts in thousands, except per share data)	2016		2015
Net earnings of Flowserve Corporation	$	62,997	$	75,008
Dividends on restricted shares not expected to vest	2		3
Earnings attributable to common and participating shareholders	$	62,999	$	75,011
Weighted average shares:
Common stock	130,180		133,742
Participating securities	274		495
Denominator for basic earnings per common share	130,454		134,237
Effect of potentially dilutive securities	456		594
Denominator for diluted earnings per common share	130,910		134,831
Earnings per common share:
Basic	$	0.48	$	0.56
Diluted	0.48		0.56

	Six Months Ended June 30,
(Amounts in thousands, except per share data)	2016		2015
Net earnings of Flowserve Corporation	$	100,856	$	102,674
Dividends on restricted shares not expected to vest	3		6
Earnings attributable to common and participating shareholders	$	100,859	$	102,680
Weighted average shares:
Common stock	129,981		134,065
Participating securities	318		513
Denominator for basic earnings per common share	130,299		134,578
Effect of potentially dilutive securities	563		815
Denominator for diluted earnings per common share	130,862		135,393
Earnings per common share:
Basic	$	0.77	$	0.76
Diluted	0.77		0.76

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.