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Earnings Per Share
 9 Months Ended
Sep. 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

 

Nine Months Ended

 

September 30,

 

September 30,

 

2017

  

2016

 

2017

 

2016

 

(in millions, except share and per share amounts)

Numerator:

 

 

   

 

 

   

 

 

   

 

 

Net income attributable to Reliance 

$
97.3

   

$
49.5

   

$
312.0

   

$
242.6

Denominator:

 

 

   

 

 

   

 

 

   

 

 

Weighted average shares outstanding

 
72,908,979

   

 
72,542,873

   

 
72,881,000

   

 
72,282,537

Dilutive effect of stock-based awards

 
708,500

   

 
737,924

   

 
630,427

   

 
752,401

Weighted average diluted shares outstanding

 
73,617,479

   

 
73,280,797

   

 
73,511,427

   

 
73,034,938

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Reliance stockholders:

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
1.32

 

$
0.68

 

$
4.24

 

$
3.32

Basic

$
1.33

 

$
0.68

 

$
4.28

 

$
3.36

 

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