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Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share

Earnings Per Share

Note 17. Earnings Per Share

​

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

​

​	​	​	​	​	​	​	​	​
​	Year Ended December 31,
​	2020		​	2019		​	2018
​	(in millions, except share amounts which are reflected in thousands and per share amounts)
Numerator:	​	​	​	​	​	​	​	​
Net income attributable to Reliance	$	369.1	​	$	701.5	​	$	633.7
Denominator:	​	​	​	​	​	​	​	​
Weighted average shares outstanding	​	64,328	​	​	66,885	​	​	71,621
Dilutive effect of stock-based awards	​	935	​	​	970	​	​	820
Weighted average diluted shares outstanding	​	65,263	​	​	67,855	​	​	72,441
​	​	​	​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​	​	​	​
Diluted	$	5.66	​	$	10.34	​	$	8.75
Basic	$	5.74	​	$	10.49	​	$	8.85

​

The computations of earnings per share for 2020, 2019 and 2018 do not include 183,508, 176,013 and 123,701 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive. Potentially dilutive securities whose effect would have been antidilutive were not significant for all years presented.

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+ 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
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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
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