XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.21.2

Earnings Per Share (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30,
(Amounts in thousands, except per share data) | 2021 |  | 2020
Net earnings of Flowserve Corporation | $ | 49,785 |  |  | $ | 56,115 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 49,785 |  |  | $ | 56,115 |
Weighted average shares: |  |  |
Common stock | 130,210 |  |  | 130,292 |
Participating securities | 32 |  |  | 21 |
Denominator for basic earnings per common share | 130,242 |  |  | 130,313 |
Effect of potentially dilutive securities | 547 |  |  | 587 |
Denominator for diluted earnings per common share | 130,789 |  |  | 130,900 |
Earnings per common share: |  |  |
Basic | $ | 0.38 |  |  | $ | 0.43 |
Diluted | 0.38 |  |  | 0.43 |
| Nine Months Ended September 30,
(Amounts in thousands, except per share data) | 2021 |  | 2020
Net earnings of Flowserve Corporation | $ | 109,218 |  |  | $ | 74,369 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 109,218 |  |  | $ | 74,369 |
Weighted average shares: |  |  |
Common stock | 130,298 |  |  | 130,390 |
Participating securities | 27 |  |  | 23 |
Denominator for basic earnings per common share | 130,325 |  |  | 130,413 |
Effect of potentially dilutive securities | 542 |  |  | 655 |
Denominator for diluted earnings per common share | 130,867 |  |  | 131,068 |
Earnings per common share: |  |  |
Basic | $ | 0.84 |  |  | $ | 0.57 |
Diluted | 0.83 |  |  | 0.57 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration