Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Calculation of Net Earnings Per Common Share and Weighted Average Common Share Outstanding

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)	2020		2019
Net earnings of Flowserve Corporation	$	8,645	$	58,172
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	8,645	$	58,172
Weighted average shares:
Common stock	130,148		131,126
Participating securities	22		21
Denominator for basic earnings per common share	130,170		131,147
Effect of potentially dilutive securities	560		607
Denominator for diluted earnings per common share	130,730		131,754
Earnings per common share:
Basic	$	0.07	$	0.44
Diluted	0.07		0.44

	Six Months Ended June 30,
(Amounts in thousands, except per share data)	2020		2019
Net earnings of Flowserve Corporation	$	8,035	$	115,433
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	8,035	$	115,433
Weighted average shares:
Common stock	130,439		131,044
Participating securities	23		21
Denominator for basic earnings per common share	130,462		131,065
Effect of potentially dilutive securities	690		578
Denominator for diluted earnings per common share	131,152		131,643
Earnings per common share:
Basic	$	0.06	$	0.88
Diluted	0.06		0.88