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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share  
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