XML 28 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2023
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 June 30,
(Amounts in thousands, except per share data)20232022
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 stock131,133 130,626 
Participating securities38 40 
Denominator for basic earnings per common share131,171 130,666 
Effect of potentially dilutive securities639 579 
Denominator for diluted earnings per common share131,810 131,245 
Earnings per common share:  
Basic$0.39 $0.34 
Diluted0.39 0.34 
Six Months Ended June 30,
(Amounts in thousands, except per share data)20232022
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 stock131,010 130,518 
Participating securities41 36 
Denominator for basic earnings per common share131,051 130,554 
Effect of potentially dilutive securities731 594 
Denominator for diluted earnings per common share131,782 131,148 
Earnings per common share:
Basic$0.59 $0.22 
Diluted0.59 0.22 
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.