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Earnings Per Share | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share |
Earnings Per Share | 10. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
|  | (in millions, except share and per share amounts) |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to Reliance |  | $ | 96.5 |  | $ | 81.0 |  | $ | 183.7 |  | $ | 164.7 |
Denominator: |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |
Weighted average shares |  | 77,735,301 |  | 76,695,598 |  | 77,621,983 |  | 76,497,454 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Stock options, restricted stock, and RSUs |  | 1,042,451 |  | 773,519 |  | 946,439 |  | 778,557 |
Denominator for dilutive earnings per share: |  |  |  |  |  |  |  |  |
Adjusted weighted average shares and assumed conversions |  | 78,777,752 |  | 77,469,117 |  | 78,568,422 |  | 77,276,011 |
Net income per share attributable to Reliance shareholders – diluted |  | $ | 1.22 |  | $ | 1.05 |  | $ | 2.34 |  | $ | 2.13 |
Net income per share attributable to Reliance shareholders – basic |  | $ | 1.24 |  | $ | 1.06 |  | $ | 2.37 |  | $ | 2.15 |
The computations of earnings per share for the three months ended June 30, 2014 and 2013 do not include 46,255 and 144,143 weighted average shares, respectively, for stock options and RSU’s, because their inclusion would have been anti-dilutive. The computations of earnings per share for the six months ended June 30, 2014 and 2013 do not include 31,940 and 313,912 weighted average shares, respectively, for stock options and RSU’s, because their inclusion would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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