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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share

Computation of basic and diluted earnings per share

		Year Ended December 31,
		2011			2010			2009
		(in millions, except share and per share amounts)
Numerator:
Net income attributable to Reliance		$	343.8		$	194.4		$	148.2
Denominator:
Denominator for basic earnings per share—Weighted average shares			74,767,988			74,230,452			73,445,583
Effect of dilutive securities:
Stock options			273,765			241,928			256,396
Denominator for dilutive earnings per share:
Adjusted weighted average shares and assumed conversions			75,041,753			74,472,380			73,701,979
Net income per share attributable to Reliance shareholders—diluted		$	4.58		$	2.61		$	2.01
Net income per share attributable to Reliance shareholders—basic		$	4.60		$	2.62		$	2.02

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- Definition

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

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