Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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)	2017		2016
Net earnings of Flowserve Corporation	$	14,823	$	37,859
Dividends on restricted shares not expected to vest	—		2
Earnings attributable to common and participating shareholders	$	14,823	$	37,861
Weighted average shares:
Common stock	130,393		129,781
Participating securities	169		361
Denominator for basic earnings per common share	130,562		130,142
Effect of potentially dilutive securities	713		670
Denominator for diluted earnings per common share	131,275		130,812
Earnings per common share:
Basic	$	0.11	$	0.29
Diluted	0.11		0.29

Diluted earnings per share above is based upon the weighted average number of shares as determined for basic earnings per share plus shares potentially issuable in conjunction with stock options and Restricted Shares.