Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share

Earnings Per Share

Note 17. Earnings Per Share

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

	Year Ended December 31,
	2019		2018		2017
	(in millions, except share amounts which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	701.5	$	633.7	$	613.4
Denominator:
Weighted average shares outstanding		66,885		71,621		72,851
Dilutive effect of stock-based awards		970		820		688
Weighted average diluted shares outstanding		67,855		72,441		73,539
Earnings per share attributable to Reliance stockholders:
Diluted	$	10.34	$	8.75	$	8.34
Basic	$	10.49	$	8.85	$	8.42

Potentially dilutive securities whose effect would have been antidilutive were not significant for all years presented.