Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share

Earnings Per Share

Note 12.  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,
	2020		2019		2020		2019
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	80.2	$	183.1	$	141.9	$	373.2
Denominator:
Weighted average shares outstanding		63,647		67,045		64,992		67,086
Dilutive effect of stock-based awards		935		932		923		865
Weighted average diluted shares outstanding		64,582		67,977		65,915		67,951
Earnings per share attributable to Reliance stockholders:
Diluted	$	1.24	$	2.69	$	2.15	$	5.49
Basic	$	1.26	$	2.73	$	2.18	$	5.56

Potentially dilutive securities were not significant for the second quarters of 2020 and 2019. The computations of earnings per share for the six months ended June 30, 2020 and 2019 do not include 358,082 and 348,770 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.