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Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share

Earnings Per Share

Note 11.  Earnings Per Share

​

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

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​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended					​	Six Months Ended
​	June 30,					​	June 30,
​	2021			2020		​	2021		​	2020
​	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:	​	​		​	​		​	​		​	​
Net income attributable to Reliance	$	329.1		$	80.2		$	596.0		$	141.9
Denominator:	​	​		​	​		​	​		​	​
Weighted average shares outstanding	​	63,663		​	63,647		​	63,654		​	64,992
Dilutive effect of stock-based awards	​	1,130		​	935		​	1,098		​	923
Weighted average diluted shares outstanding	​	64,793		​	64,582		​	64,752		​	65,915
​	​	​	​	​	​	​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​	​	​	​	​	​	​
Diluted	$	5.08	​	$	1.24	​	$	9.20	​	$	2.15
Basic	$	5.17	​	$	1.26	​	$	9.36	​	$	2.18

​

Potentially dilutive securities were not significant for the second quarters of 2021 and 2020. The computations of earnings per share for the six months ended June 30, 2021 and 2020 do not include 230,186 and 358,082 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.

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- Definition

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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