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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
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 | ​ | Six Months Ended
​ | June 30, | ​ | June 30,
​ | 2024 |  | 2023 |  | 2024 |  | 2023
​ | (in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Reliance | $ | 267.8 | ​ | $ | 385.1 | ​ | $ | 570.7 | ​ | $ | 768.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ | 56,878 | ​ | ​ | 58,688 | ​ | ​ | 57,109 | ​ | ​ | 58,760
Dilutive effect of stock-based awards | ​ | 516 | ​ | ​ | 658 | ​ | ​ | 529 | ​ | ​ | 680
Weighted average diluted shares outstanding | ​ | 57,394 | ​ | ​ | 59,346 | ​ | ​ | 57,638 | ​ | ​ | 59,440
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share attributable to Reliance stockholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | $ | 4.71 | ​ | $ | 6.56 | ​ | $ | 9.99 | ​ | $ | 13.07
Diluted | $ | 4.67 | ​ | $ | 6.49 | ​ | $ | 9.90 | ​ | $ | 12.92
​ The computations of diluted earnings per share using the treasury stock method for the six months ended June 30, 2024 and 2023 do not include 56,217 and 100,326 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.

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