Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share

Earnings Per Share

Note 15. Earnings Per Share

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

	Year Ended December 31,
	2014		2013		2012
	(in millions, except share and per share amounts)
Numerator:
Net income attributable to Reliance	$	371.5	$	321.6	$	403.5
Denominator:
Denominator for basic earnings per share:
Weighted average shares		77,682,943		76,844,912		75,216,955
Effect of dilutive securities:
Stock options, restricted stock, and RSUs		932,996		801,280		477,257
Denominator for dilutive earnings per share:
Adjusted weighted average shares and assumed conversions		78,615,939		77,646,192		75,694,212
Net income per share attributable to Reliance shareholders—diluted	$	4.73	$	4.14	$	5.33
Net income per share attributable to Reliance shareholders—basic	$	4.78	$	4.19	$	5.36

        The computations of earnings per share for the years ended December 31, 2014, 2013 and 2012 do not include approximately 24,823, 192,293 and 2,234,568 shares, respectively, primarily for RSUs and stock options, because their inclusion would have been anti-dilutive.