Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share

Computation of basic and diluted earnings per share

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in millions, except share and per share amounts)
Numerator:
Net income attributable to Reliance	$	81.0	$	108.8	$	164.7	$	225.0
Denominator:
Denominator for basic earnings per share:
Weighted average shares	76,695,598		75,087,057		76,497,454		75,004,840
Effect of dilutive securities:
Stock options and restricted shares	773,519		424,192		778,557		464,129
Denominator for diluted earnings per share:
Adjusted weighted average shares and assumed conversions	77,469,117		75,511,249		77,276,011		75,468,969
Net income per share attributable to Reliance shareholders – diluted	$	1.05	$	1.44	$	2.13	$	2.98
Net income per share attributable to Reliance shareholders – basic	$	1.06	$	1.45	$	2.15	$	3.00