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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share  
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