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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share and Weighted Average Common Share Outstanding
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 September 30,
(Amounts in thousands, except per share data)
2017
 
2016
Net earnings (loss) of Flowserve Corporation
$
47,605

 
$
(15,841
)
Dividends on restricted shares not expected to vest
—

 
—

Earnings (loss) attributable to common and participating shareholders
$
47,605

 
$
(15,841
)
Weighted average shares:
 
 
 
Common stock
130,681

 
130,299

Participating securities
79

 
—

Denominator for basic earnings per common share
130,760

 
130,299

Effect of potentially dilutive securities
636

 
—

Denominator for diluted earnings per common share
131,396

 
130,299

Earnings (loss) per common share:
 
 
 
Basic
$
0.36

 
$
(0.12
)
Diluted
0.36

 
(0.12
)