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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
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 March 31,

 

 

 

2015

 

2014

 

 

 

(in millions, except share and per share amounts)

 

Numerator:

 

 

 

 

 

Net income attributable to Reliance

 

$
101.3 

 

$
87.2 

 

Denominator:

 

 

 

 

 

Weighted average shares outstanding

 
77,119,266 

 
77,507,406 

 

Dilutive effect of share-based awards

 
713,054 

 
850,426 

 

Weighted average diluted shares outstanding

 
77,832,320 

 
78,357,832 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance shareholders:

 

 

 

 

 

Diluted

 

$
1.30 

 

$
1.11 

 

Basic

 

$
1.31 

 

$
1.13 

 

 

The computations of earnings per share for the three months ended March 31, 2015 and 2014 do not include 207,400 and 17,625 weighted average shares, respectively, for RSU’s and stock options, because their inclusion would have been anti-dilutive.