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Earnings Per Share
 9 Months Ended
Sep. 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

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(in millions, except share and per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Reliance

 

$
51.4 

 

$
95.5 

 

$
242.9 

 

$
279.2 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 
73,316,356 

 
77,945,375 

 
74,903,472 

 
77,730,965 

 

Dilutive effect of stock-based awards

 
819,837 

 
938,806 

 
770,124 

 
943,894 

 

Weighted average diluted shares outstanding

 
74,136,193 

 
78,884,181 

 
75,673,596 

 
78,674,859 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

Diluted

 

$
0.69 

 

$
1.21 

 

$
3.21 

 

$
3.55 

 

Basic

 

$
0.70 

 

$
1.23 

 

$
3.24 

 

$
3.59 

 

 

Potentially dilutive securities whose effect would have been antidilutive were not significant for the three-month and nine-month periods ended September 30, 2015 and 2014.