Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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)	2021		2020
Net earnings of Flowserve Corporation	$	45,354	$	6,132
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	45,354	$	6,132
Weighted average shares:
Common stock	130,279		130,148
Participating securities	26		22
Denominator for basic earnings per common share	130,305		130,170
Effect of potentially dilutive securities	499		560
Denominator for diluted earnings per common share	130,804		130,730
Earnings per common share:
Basic	$	0.35	$	0.05
Diluted	0.35		0.05

	Six Months Ended June 30,
(Amounts in thousands, except per share data)	2021		2020
Net earnings of Flowserve Corporation	$	59,434	$	18,254
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	59,434	$	18,254
Weighted average shares:
Common stock	130,342		130,439
Participating securities	24		24
Denominator for basic earnings per common share	130,366		130,463
Effect of potentially dilutive securities	539		689
Denominator for diluted earnings per common share	130,905		131,152
Earnings per common share:
Basic	$	0.46	$	0.14
Diluted	0.45		0.14