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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share  
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