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Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Nine Months Ended
​ | September 30, | ​ | September 30,
​ | 2022 |  | 2021 | ​ | 2022 | ​ | 2021
​ | (in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Net income attributable to Reliance | $ | 393.5 |  | $ | 395.7 |  | $ | 1,489.6 |  | $ | 991.7
Denominator: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Weighted average shares outstanding | ​ | 60,055 |  | ​ | 63,275 |  | ​ | 61,175 |  | ​ | 63,526
Dilutive effect of stock-based awards | ​ | 929 |  | ​ | 1,075 |  | ​ | 939 |  | ​ | 1,091
Weighted average diluted shares outstanding | ​ | 60,984 |  | ​ | 64,350 |  | ​ | 62,114 |  | ​ | 64,617
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share attributable to Reliance stockholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | $ | 6.55 | ​ | $ | 6.25 | ​ | $ | 24.35 | ​ | $ | 15.61
Diluted | $ | 6.45 | ​ | $ | 6.15 | ​ | $ | 23.98 | ​ | $ | 15.35
​ The computations of earnings per share for the nine months ended September 30, 2022 and 2021 do not include 111,251 and 154,882 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.

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