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Earnings Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 17: EARNINGS PER SHARE

Basic earnings per share attributable to Ryerson Holding’s common stock is determined based on earnings for the period divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share attributable to Ryerson Holding’s common stock considers the effect of potential common shares, unless inclusion of the potential common shares would have an antidilutive effect. The weighted average number of shares excluded as they would have had an antidilutive effect were 199,045 and 99,522 for the three and six-month periods ended June 30, 2022, respectively, and 81,877 and 40,939 for the three and six-month periods ended June 30, 2021, respectively.

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Basic and diluted earnings per share

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(In millions, except number of shares which are reflected in thousands and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Ryerson Holding Corporation

 

$

196.4

 

 

$

112.9

 

 

$

360.0

 

 

$

138.2

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

37,799

 

 

 

38,459

 

 

 

38,093

 

 

 

38,289

 

Dilutive effect of stock-based awards

 

 

725

 

 

 

271

 

 

 

779

 

 

 

397

 

Weighted average shares outstanding adjusted for dilutive securities

 

 

38,524

 

 

 

38,730

 

 

 

38,872

 

 

 

38,686

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

5.20

 

 

$

2.94

 

 

$

9.45

 

 

$

3.61

 

Diluted

 

$

5.10

 

 

$

2.91

 

 

$

9.26

 

 

$

3.57