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Earnings Per Share
 9 Months Ended
Sep. 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

 

Nine Months Ended

 

September 30,

 

September 30,

 

2016

  

2015

 

2016

 

2015

 

(in millions, except share and per share amounts)

Numerator:

 

 

   

 

 

   

 

 

   

 

 

Net income attributable to Reliance 

$
49.5

   

$
51.4

   

$
242.6

   

$
242.9

Denominator:

 

 

   

 

 

   

 

 

   

 

 

Weighted average shares outstanding

 
72,542,873

   

 
73,316,356

   

 
72,282,537

   

 
74,903,472

Dilutive effect of stock-based awards

 
737,924

   

 
819,837

   

 
752,401

   

 
770,124

Weighted average diluted shares outstanding

 
73,280,797

   

 
74,136,193

   

 
73,034,938

   

 
75,673,596

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
0.68

 

$
0.69

 

$
3.32

 

$
3.21

Basic

$
0.68

 

$
0.70

 

$
3.36

 

$
3.24

 

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