Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share

Earnings Per Share

Note 11.  Earnings Per Share

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

	Three Months Ended
	March 31,
	2020		2019
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	61.7	$	190.1
Denominator:
Weighted average shares outstanding		66,337		67,127
Dilutive effect of stock-based awards		911		799
Weighted average diluted shares outstanding		67,248		67,926
Earnings per share attributable to Reliance stockholders:
Diluted	$	0.92	$	2.80
Basic	$	0.93	$	2.83

The computations of earnings per share for the first quarters of 2020 and 2019 do not include 701,053 and 682,660 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.