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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
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

 

Six Months Ended

 

June 30,

 

June 30,

 

2016

  

2015

 

2016

 

2015

 

(in millions, except share and per share amounts)

Numerator:

 

 

   

 

 

   

 

 

   

 

 

Net income attributable to Reliance 

$
100.9

   

$
90.2

   

$
193.1

   

$
191.5

Denominator:

 

 

   

 

 

   

 

 

   

 

 

Weighted average shares outstanding

 
72,372,056

   

 
74,316,582

   

 
72,150,938

   

 
75,710,182

Dilutive effect of stock-based awards

 
740,752

   

 
777,480

   

 
759,640

   

 
745,267

Weighted average diluted shares outstanding

 
73,112,808

   

 
75,094,062

   

 
72,910,578

   

 
76,455,449

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
1.38

 

$
1.20

 

$
2.65

 

$
2.50

Basic

$
1.39

 

$
1.21

 

$
2.68

 

$
2.53

 

Potentially dilutive securities whose effect would have been antidilutive were not significant for the three-month and six-month periods ended June 30, 2016 and 2015.