Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2022

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)	2022		2021
Net earnings of Flowserve Corporation	$	44,777	$	45,354
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	44,777	$	45,354
Weighted average shares:
Common stock	130,626		130,279
Participating securities	40		26
Denominator for basic earnings per common share	130,666		130,305
Effect of potentially dilutive securities	579		499
Denominator for diluted earnings per common share	131,245		130,804
Earnings per common share:
Basic	$	0.34	$	0.35
Diluted	0.34		0.35

	Six Months Ended June 30,
(Amounts in thousands, except per share data)	2022		2021
Net earnings of Flowserve Corporation	$	28,960	$	59,434
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	28,960	$	59,434
Weighted average shares:
Common stock	130,518		130,342
Participating securities	36		24
Denominator for basic earnings per common share	130,554		130,366
Effect of potentially dilutive securities	594		539
Denominator for diluted earnings per common share	131,148		130,905
Earnings per common share:
Basic	$	0.22	$	0.46
Diluted	0.22		0.45