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Earnings Per Share

9 Months Ended

Sep. 30, 2021

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,
​	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	$	395.7		$	97.6		$	991.7		$	239.5
Denominator:	​	​		​	​		​	​		​	​
Weighted average shares outstanding	​	63,275		​	63,758		​	63,526		​	64,578
Dilutive effect of stock-based awards	​	1,075		​	930		​	1,091		​	925
Weighted average diluted shares outstanding	​	64,350		​	64,688		​	64,617		​	65,503
​	​	​	​	​	​	​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​	​	​	​	​	​	​
Diluted	$	6.15	​	$	1.51	​	$	15.35	​	$	3.66
Basic	$	6.25	​	$	1.53	​	$	15.61	​	$	3.71

​

Potentially dilutive securities were not significant for the third quarters of 2021 and 2020. The computations of earnings per share for the nine months ended September 30, 2021 and 2020 do not include 154,882 and 244,006 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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