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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2022
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) | 2022 |  | 2021
Net earnings of Flowserve Corporation | $ | 38,400 |  |  | $ | 49,785 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 38,400 |  |  | $ | 49,785 |
Weighted average shares: |  |  |
Common stock | 130,662 |  |  | 130,210 |
Participating securities | 41 |  |  | 32 |
Denominator for basic earnings per common share | 130,703 |  |  | 130,242 |
Effect of potentially dilutive securities | 699 |  |  | 547 |
Denominator for diluted earnings per common share | 131,402 |  |  | 130,789 |
Earnings per common share: |  |  |
Basic | $ | 0.29 |  |  | $ | 0.38 |
Diluted | 0.29 |  |  | 0.38 |
| Nine Months Ended September 30,
(Amounts in thousands, except per share data) | 2022 |  | 2021
Net earnings of Flowserve Corporation | $ | 67,359 |  |  | $ | 109,218 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 67,359 |  |  | $ | 109,218 |
Weighted average shares: |  |  |
Common stock | 130,566 |  |  | 130,298 |
Participating securities | 38 |  |  | 27 |
Denominator for basic earnings per common share | 130,604 |  |  | 130,325 |
Effect of potentially dilutive securities | 629 |  |  | 542 |
Denominator for diluted earnings per common share | 131,233 |  |  | 130,867 |
Earnings per common share: |  |  |
Basic | $ | 0.52 |  |  | $ | 0.84 |
Diluted | 0.51 |  |  | 0.83 |

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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=124432515&loc=d3e3550-109257 + Details
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