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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Share

Computation of basic and diluted earnings per share

		Three Months Ended September 30,						Nine Months Ended September 30,
		2011			2010			2011			2010
		(in millions, except share and per share amounts)
Numerator:
Net income attributable to Reliance		$	84.9		$	48.7		$	275.9		$	154.9
Denominator:
Denominator for basic earnings per share:
Weighted average shares		74,826,968			74,292,161			74,740,921			74,126,497
Effect of dilutive securities:
Stock options and restricted stock		136,159			108,198			305,768			242,579
Denominator for diluted earnings per share:
Adjusted weighted average shares and assumed conversions		74,963,127			74,400,359			75,046,689			74,369,076
Net income per share attributable to Reliance shareholders — diluted		$	1.13		$	0.65		$	3.68		$	2.08
Net income per share attributable to Reliance shareholders — basic		$	1.13		$	0.65		$	3.69		$	2.09

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Tabular disclosure of an entity's basic and diluted earnings per share calculations.

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