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Earnings (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
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) | 2023 |  | 2022
Net earnings of Flowserve Corporation | $ | 51,203 |  |  | $ | 44,777 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 51,203 |  |  | $ | 44,777 |
Weighted average shares: |  |  |
Common stock | 131,133 |  |  | 130,626 |
Participating securities | 38 |  |  | 40 |
Denominator for basic earnings per common share | 131,171 |  |  | 130,666 |
Effect of potentially dilutive securities | 639 |  |  | 579 |
Denominator for diluted earnings per common share | 131,810 |  |  | 131,245 |
Earnings per common share: |  |  |
Basic | $ | 0.39 |  |  | $ | 0.34 |
Diluted | 0.39 |  |  | 0.34 |
| Six Months Ended June 30,
(Amounts in thousands, except per share data) | 2023 |  | 2022
Net earnings of Flowserve Corporation | $ | 77,970 |  |  | $ | 28,960 |
Dividends on restricted shares not expected to vest | — |  |  | — |
Earnings attributable to common and participating shareholders | $ | 77,970 |  |  | $ | 28,960 |
Weighted average shares: |  |  |
Common stock | 131,010 |  |  | 130,518 |
Participating securities | 41 |  |  | 36 |
Denominator for basic earnings per common share | 131,051 |  |  | 130,554 |
Effect of potentially dilutive securities | 731 |  |  | 594 |
Denominator for diluted earnings per common share | 131,782 |  |  | 131,148 |
Earnings per common share: |  |  |
Basic | $ | 0.59 |  |  | $ | 0.22 |
Diluted | 0.59 |  |  | 0.22 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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