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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
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)20212020
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 stock130,210 130,292 
Participating securities32 21 
Denominator for basic earnings per common share130,242 130,313 
Effect of potentially dilutive securities547 587 
Denominator for diluted earnings per common share130,789 130,900 
Earnings per common share:  
Basic$0.38 $0.43 
Diluted0.38 0.43 
Nine Months Ended September 30,
(Amounts in thousands, except per share data)20212020
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 stock130,298 130,390 
Participating securities27 23 
Denominator for basic earnings per common share130,325 130,413 
Effect of potentially dilutive securities542 655 
Denominator for diluted earnings per common share130,867 131,068 
Earnings per common share:
Basic$0.84 $0.57 
Diluted0.83 0.57 
Diluted earnings per share above is based upon the weighted average number of shares as determined for basic earnings per share plus shares potentially issuable in conjunction with stock options and Restricted Shares.