Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 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 September 30,
(Amounts in thousands, except per share data)	2022		2021
Net earnings of Flowserve Corporation	$	38,400	$	49,785
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	38,400	$	49,785
Weighted average shares:
Common stock	130,662		130,210
Participating securities	41		32
Denominator for basic earnings per common share	130,703		130,242
Effect of potentially dilutive securities	699		547
Denominator for diluted earnings per common share	131,402		130,789
Earnings per common share:
Basic	$	0.29	$	0.38
Diluted	0.29		0.38

	Nine Months Ended September 30,
(Amounts in thousands, except per share data)	2022		2021
Net earnings of Flowserve Corporation	$	67,359	$	109,218
Dividends on restricted shares not expected to vest	—		—
Earnings attributable to common and participating shareholders	$	67,359	$	109,218
Weighted average shares:
Common stock	130,566		130,298
Participating securities	38		27
Denominator for basic earnings per common share	130,604		130,325
Effect of potentially dilutive securities	629		542
Denominator for diluted earnings per common share	131,233		130,867
Earnings per common share:
Basic	$	0.52	$	0.84
Diluted	0.51		0.83