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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
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) | 2024 |  | 2023
Net earnings of Flowserve Corporation | $ | 58,382 |  |  | $ | 46,156 |
Earnings attributable to common and participating shareholders | $ | 58,382 |  |  | $ | 46,156 |
Weighted average shares: |  |  |
Common stock | 131,363 |  |  | 131,138 |
Participating securities | 32 |  |  | 45 |
Denominator for basic earnings per common share | 131,395 |  |  | 131,183 |
Effect of potentially dilutive securities | 852 |  |  | 843 |
Denominator for diluted earnings per common share | 132,247 |  |  | 132,026 |
Earnings per common share: |  |  |
Basic | $ | 0.44 |  |  | $ | 0.35 |
Diluted | 0.44 |  |  | 0.35 |
| Nine Months Ended September 30,
(Amounts in thousands, except per share data) | 2024 |  | 2023
Net earnings of Flowserve Corporation | $ | 205,218 |  |  | $ | 124,126 |
Earnings attributable to common and participating shareholders | $ | 205,218 |  |  | $ | 124,126 |
Weighted average shares: |  |  |
Common stock | 131,480 |  |  | 131,053 |
Participating securities | 40 |  |  | 42 |
Denominator for basic earnings per common share | 131,520 |  |  | 131,095 |
Effect of potentially dilutive securities | 823 |  |  | 769 |
Denominator for diluted earnings per common share | 132,343 |  |  | 131,864 |
Earnings per common share: |  |  |
Basic | $ | 1.56 |  |  | $ | 0.95 |
Diluted | 1.55 |  |  | 0.94 |

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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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