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Earnings Per Share | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share |
Earnings Per Share | Note 15. Earnings Per Share Basic earnings per share exclude any dilutive effects of options, restricted stock, RSUs, warrants and convertible securities. Diluted earnings per share are calculated including the dilutive effects of options, restricted stock, RSUs, warrants, and convertible securities, if any. The following table sets forth the computation of basic and diluted earnings per share:
|  | Year Ended December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |  | 2011 |
|  | (in millions, except share and per share amounts) |
Numerator: |  |  |  |  |  |  |  |  |  |
Net income attributable to Reliance |  | $ | 321.6 |  | $ | 403.5 |  | $ | 343.8 |
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Denominator: |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share—Weighted average shares |  |  | 76,844,912 |  |  | 75,216,955 |  |  | 74,767,988 |
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Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |
Stock options, restricted stock, and RSUs |  |  | 801,280 |  |  | 477,257 |  |  | 273,765 |
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Denominator for dilutive earnings per share: |  |  |  |  |  |  |  |  |  |
Adjusted weighted average shares and assumed conversions |  |  | 77,646,192 |  |  | 75,694,212 |  |  | 75,041,753 |
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Net income per share attributable to Reliance shareholders—diluted |  | $ | 4.14 |  | $ | 5.33 |  | $ | 4.58 |
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Net income per share attributable to Reliance shareholders—basic |  | $ | 4.19 |  | $ | 5.36 |  | $ | 4.60 |
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The computations of earnings per share for the years ended December 31, 2013, 2012 and 2011 do not include approximately 192,293, 2,234,568 and 3,430,843 shares reserved for issuance upon exercise of stock options or vesting of restricted shares, respectively, because their inclusion would have been anti-dilutive.

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