XML 76 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 15: 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 following table sets forth the calculation of basic and diluted earnings per share:

 

 

 

Three Months Ended March 31,

 

Basic and diluted earnings per share

 

 

2020

 

 

 

2019

 

 

 

(In millions, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to Ryerson Holding Corporation

 

$

16.4

 

 

$

29.5

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

37,783,761

 

 

 

37,449,450

 

Dilutive effect of stock-based awards

 

 

441,568

 

 

 

391,013

 

Weighted average shares outstanding adjusted for dilutive securities

 

 

38,225,329

 

 

 

37,840,463

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

Basic

 

$

0.43

 

 

$

0.79

 

Diluted

 

$

0.43

 

 

$

0.78