Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,
(Amounts in thousands, except per share data)	2020		2019
Net earnings of Flowserve Corporation	$	51,003	$	59,842
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	51,003	$	59,842
Weighted average shares:
Common stock	130,292		131,122
Participating securities	21		23
Denominator for basic earnings per common share	130,313		131,145
Effect of potentially dilutive securities	587		701
Denominator for diluted earnings per common share	130,900		131,846
Earnings per common share:
Basic	$	0.39	$	0.46
Diluted	0.39		0.45

	Nine Months Ended September 30,
(Amounts in thousands, except per share data)	2020		2019
Net earnings of Flowserve Corporation	$	59,433	$	166,243
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	59,433	$	166,243
Weighted average shares:
Common stock	130,390		131,070
Participating securities	23		22
Denominator for basic earnings per common share	130,413		131,092
Effect of potentially dilutive securities	655		605
Denominator for diluted earnings per common share	131,068		131,697
Earnings per common share:
Basic	$	0.46	$	1.27
Diluted	0.45		1.26