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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2015
Earnings Per Share  
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