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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share  
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