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Earnings Per Share | 3 Months Ended
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Mar. 31, 2014
Earnings Per Share |
Earnings Per Share | 10. 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:
|  | Three Months Ended |
|  | March 31, |
|  | 2014 |  | 2013 |
|  | (in millions, except share and per share amounts) |
Numerator: |  |  |  |  |
Net income attributable to Reliance |  | $ | 87.2 |  | $ | 83.7 |
Denominator: |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |
Weighted average shares |  | 77,507,406 |  | 76,297,108 |
Effect of dilutive securities: |  |  |  |  |
Stock options, restricted stock, and RSUs |  | 850,426 |  | 783,595 |
Denominator for dilutive earnings per share: |  |  |  |  |
Adjusted weighted average shares and assumed conversions |  | 78,357,832 |  | 77,080,703 |
Net income per share attributable to Reliance shareholders – diluted |  | $ | 1.11 |  | $ | 1.09 |
Net income per share attributable to Reliance shareholders – basic |  | $ | 1.13 |  | $ | 1.10 |
The computations of earnings per share for the three months ended March 31, 2014 and 2013 do not include 17,625 and 483,680 weighted average shares, respectively, for stock options and RSU’s, because their inclusion would have been anti-dilutive.

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