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Earnings Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share  
Earnings Per Share

10.  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,

 

2017

  

2016

 

2017

 

2016

 

(in millions, except share and per share amounts)

Numerator:

 

 

   

 

 

   

 

 

   

 

 

Net income attributable to Reliance 

$
103.0

   

$
100.9

   

$
214.7

   

$
193.1

Denominator:

 

 

   

 

 

   

 

 

   

 

 

Weighted average shares outstanding

 
72,891,406

   

 
72,372,056

   

 
72,866,779

   

 
72,150,938

Dilutive effect of stock-based awards

 
609,295

   

 
740,752

   

 
591,391

   

 
759,640

Weighted average diluted shares outstanding

 
73,500,701

   

 
73,112,808

   

 
73,458,170

   

 
72,910,578

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
1.40

 

$
1.38

 

$
2.92

 

$
2.65

Basic

$
1.41

 

$
1.39

 

$
2.95

 

$
2.68

 

Potentially dilutive securities whose effect would have been antidilutive were not significant for the three-month and six-month periods ended June 30, 2017 and 2016.