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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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