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Earnings Per Share | 9 Months Ended
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Sep. 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 |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
|  | (in millions, except share and per share amounts) |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to Reliance |  | $ | 95.5 |  | $ | 95.1 |  | $ | 279.2 |  | $ | 259.8 |
Denominator: |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |
Weighted average shares |  | 77,945,375 |  | 77,049,998 |  | 77,730,965 |  | 76,683,659 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Stock options, restricted stock, and RSUs |  | 938,806 |  | 807,508 |  | 943,894 |  | 788,207 |
Denominator for dilutive earnings per share: |  |  |  |  |  |  |  |  |
Adjusted weighted average shares and assumed conversions |  | 78,884,181 |  | 77,857,506 |  | 78,674,859 |  | 77,471,866 |
Net income per share attributable to Reliance shareholders – diluted |  | $ | 1.21 |  | $ | 1.22 |  | $ | 3.55 |  | $ | 3.35 |
Net income per share attributable to Reliance shareholders – basic |  | $ | 1.23 |  | $ | 1.23 |  | $ | 3.59 |  | $ | 3.39 |
The computations of earnings per share for the three months ended September 30, 2014 and 2013 do not include 11,287 and 134,775 weighted average shares, respectively, primarily for stock options, because their inclusion would have been anti-dilutive. The computations of earnings per share for the nine months ended September 30, 2014 and 2013 do not include 25,056 and 254,199 weighted average shares, respectively, primarily for stock options, 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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