Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Share (Tables) [Abstract]

Calculation of net earnings per common share and weighted average common share outstanding

	Three Months Ended June 30,
(Amounts in thousands, except per share data)	2011		2010
Net earnings of Flowserve Corporation	$	98,732	$	91,647
Dividends on restricted shares not expected to vest		4		4
Earnings attributable to common and participating shareholders	$	98,736	$	91,651
Weighted average shares:
Common stock		55,483		55,588
Participating securities		264		325
Denominator for basic earnings per common share		55,747		55,913
Effect of potentially dilutive securities		495		559
Denominator for diluted earnings per common share		56,242		56,472
Earnings per common share:
Basic	$	1.77	$	1.64
Diluted		1.76		1.62
	Six Months Ended June 30,
(Amounts in thousands, except per share data)	2011		2010
Net earnings of Flowserve Corporation	$	195,715	$	171,868
Dividends on restricted shares not expected to vest		7		8
Earnings attributable to common and participating shareholders	$	195,722	$	171,876
Weighted average shares:
Common stock		55,420		55,423
Participating securities		281		351
Denominator for basic earnings per common share		55,701		55,774
Effect of potentially dilutive securities		590		712
Denominator for diluted earnings per common share		56,291		56,486
Earnings per common share:
Basic	$	3.51	$	3.08
Diluted		3.48		3.04