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Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share

Earnings Per Share

Note 12.  Earnings Per Share

​

The following table sets forth the computation of basic and diluted earnings per share:

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​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended					​	Nine Months Ended
​	September 30,					​	September 30,
​	2020			2019		​	2020		​	2019
​	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:	​	​		​	​		​	​		​	​
Net income attributable to Reliance	$	97.6		$	162.7		$	239.5		$	535.9
Denominator:	​	​		​	​		​	​		​	​
Weighted average shares outstanding	​	63,758		​	66,656		​	64,578		​	66,941
Dilutive effect of stock-based awards	​	930		​	1,048		​	925		​	927
Weighted average diluted shares outstanding	​	64,688		​	67,704		​	65,503		​	67,868
​	​	​	​	​	​	​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​	​	​	​	​	​	​
Diluted	$	1.51	​	$	2.40	​	$	3.66	​	$	7.90
Basic	$	1.53	​	$	2.44	​	$	3.71	​	$	8.01

​

Potentially dilutive securities were not significant for the third quarters of 2020 and 2019. The computations of earnings per share for the nine months ended September 30, 2020 and 2019 do not include 244,006 and 234,429 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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