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Earnings Per Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share  
Earnings Per Share

11.  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,

 

2018

  

2017

 

2018

 

2017

 

(in millions, except share and per share amounts)

Numerator:

 

 

   

 

 

   

 

 

   

 

 

Net income attributable to Reliance 

$
148.3

   

$
97.3

   

$
548.1

   

$
312.0

Denominator:

 

 

   

 

 

   

 

 

   

 

 

Weighted average shares outstanding

 
71,940,253

   

 
72,908,979

   

 
72,364,121

   

 
72,881,000

Dilutive effect of stock-based awards

 
1,040,977

   

 
708,500

   

 
772,461

   

 
630,427

Weighted average diluted shares outstanding

 
72,981,230

   

 
73,617,479

   

 
73,136,582

   

 
73,511,427

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
2.03

 

$
1.32

 

$
7.49

 

$
4.24

Basic

$
2.06

 

$
1.33

 

$
7.57

 

$
4.28

 

Potentially dilutive securities whose effect would have been antidilutive were not significant for the three-month and nine-month periods ended September 30, 2018 and 2017.