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Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share

Earnings Per Share

Note 17. Earnings Per Share

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

​

​	​	​	​	​	​	​	​	​
​	Year Ended December 31,
​	2021		​	2020		​	2019
​	(in millions, except share amounts which are reflected in thousands and per share amounts)
Numerator:	​	​	​	​	​	​	​	​
Net income attributable to Reliance	$	1,413.0	​	$	369.1	​	$	701.5
Denominator:	​	​	​	​	​	​	​	​
Weighted average shares outstanding	​	63,217	​	​	64,328	​	​	66,885
Dilutive effect of stock-based awards	​	1,110	​	​	935	​	​	970
Weighted average diluted shares outstanding	​	64,327	​	​	65,263	​	​	67,855
​	​	​	​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​	​	​	​
Diluted	$	21.97	​	$	5.66	​	$	10.34
Basic	$	22.35	​	$	5.74	​	$	10.49

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The computations of earnings per share for 2021, 2020 and 2019 do not include 116,206, 183,508 and 176,013 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, 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
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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