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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings (Loss) Per Share
The following is a reconciliation of net earnings of Flowserve Corporation and weighted average shares for calculating net earnings (loss) per common share. Earnings (loss) per weighted average common share outstanding was calculated as follows:
 
Three Months Ended March 31,
(Amounts in thousands, except per share data)20222021
Net earnings (loss) of Flowserve Corporation$(15,820)$14,080 
Dividends on restricted shares not expected to vest— — 
Earnings (loss) attributable to common and participating shareholders$(15,820)$14,080 
Weighted average shares:  
Common stock130,410 130,406 
Participating securities— 21 
Denominator for basic earnings per common share130,410 130,427 
Effect of potentially dilutive securities— 579 
Denominator for diluted earnings per common share130,410 131,006 
Earnings (loss) per common share:  
Basic$(0.12)$0.11 
Diluted(0.12)0.11 
Diluted earnings (loss) per share above is based upon the weighted average number of shares as determined for basic earnings (loss) per share plus shares potentially issuable in conjunction with stock options and Restricted Shares. As a result of the net loss for the three months ended March 31, 2022, we excluded 641,188 of unvested Restricted Shares from the calculation of diluted earnings per share due to their anti-dilutive effect.