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Earnings Per Share
 6 Months Ended
Jun. 30, 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 June 30,

 

Six Months Ended June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(in millions, except share and per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Reliance

 

$
90.2 

 

$
96.5 

 

$
191.5 

 

$
183.7 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 
74,316,582 

 
77,735,301 

 
75,710,182 

 
77,621,983 

 

Dilutive effect of stock-based awards

 
777,480 

 
1,042,451 

 
745,267 

 
946,439 

 

 

 

 

 

 

 

 

 

 

 

Weighted average diluted shares outstanding

 
75,094,062 

 
78,777,752 

 
76,455,449 

 
78,568,422 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

Diluted

 

$
1.20 

 

$
1.22 

 

$
2.50 

 

$
2.34 

 

Basic

 

$
1.21 

 

$
1.24 

 

$
2.53 

 

$
2.37 

 

 

The computations of earnings per share for the three months ended June 30, 2015 and 2014 do not include 39,834 and 46,255 weighted average shares for RSUs and stock options, respectively, because their inclusion would have been anti-dilutive.

 

The computations of earnings per share for the six months ended June 30, 2015 and 2014 do not include 123,617 and 31,940 weighted average shares for RSUs and stock options, respectively, because their inclusion would have been anti-dilutive.