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Earnings Per Share (Tables) | 6 Months Ended
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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 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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