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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share |
Earnings Per Share | Note 10. 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,
​ | 2023 |  | 2022 |  | 2023 |  | 2022
​ | (in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Reliance | $ | 295.0 | ​ | $ | 393.5 | ​ | $ | 1,063.2 | ​ | $ | 1,489.6
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ | 58,427 | ​ | ​ | 60,055 | ​ | ​ | 58,648 | ​ | ​ | 61,175
Dilutive effect of stock-based awards | ​ | 697 | ​ | ​ | 929 | ​ | ​ | 685 | ​ | ​ | 939
Weighted average diluted shares outstanding | ​ | 59,124 | ​ | ​ | 60,984 | ​ | ​ | 59,333 | ​ | ​ | 62,114
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share attributable to Reliance stockholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | $ | 5.05 | ​ | $ | 6.55 | ​ | $ | 18.13 | ​ | $ | 24.35
Diluted | $ | 4.99 | ​ | $ | 6.45 | ​ | $ | 17.92 | ​ | $ | 23.98
​ The computations of earnings per share for the nine months ended September 30, 2023 and 2022 do not include 68,453 and 111,251 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.

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