Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,
(Amounts in thousands, except per share data)	2015		2014
Net earnings of Flowserve Corporation	$	93,623	$	128,562
Dividends on restricted shares not expected to vest	3		3
Earnings attributable to common and participating shareholders	$	93,626	$	128,565
Weighted average shares:
Common stock	132,036		136,100
Participating securities	514		567
Denominator for basic earnings per common share	132,550		136,667
Effect of potentially dilutive securities	610		862
Denominator for diluted earnings per common share	133,160		137,529
Earnings per common share:
Basic	$	0.71	$	0.94
Diluted	0.70		0.93



	Nine Months Ended September 30,
(Amounts in thousands, except per share data)	2015		2014
Net earnings of Flowserve Corporation	$	196,297	$	359,808
Dividends on restricted shares not expected to vest	9		9
Earnings attributable to common and participating shareholders	$	196,306	$	359,817
Weighted average shares:
Common stock	133,389		136,612
Participating securities	513		584
Denominator for basic earnings per common share	133,902		137,196
Effect of potentially dilutive securities	747		936
Denominator for diluted earnings per common share	134,649		138,132
Earnings per common share:
Basic	$	1.47	$	2.62
Diluted	1.46		2.60