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Earnings Per Share (Tables) | 6 Months Ended
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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 |

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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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