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Earnings Per Share (Tables) | 9 Months Ended
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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 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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