Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
(Amounts in thousands, except per share data)	2015		2014
Net earnings of Flowserve Corporation	$	27,666	$	107,734
Dividends on restricted shares not expected to vest	3		3
Earnings attributable to common and participating shareholders	$	27,669	$	107,737
Weighted average shares:
Common stock	134,388		137,123
Participating securities	530		611
Denominator for basic earnings per common share	134,918		137,734
Effect of potentially dilutive securities	1,036		1,136
Denominator for diluted earnings per common share	135,954		138,870
Earnings per common share:
Basic	$	0.21	$	0.78
Diluted	0.20		0.78