Earnings Per Share

6 Months Ended

Jun. 30, 2022

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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	572.8	$	329.1	$	1,096.1	$	596.0
Denominator:
Weighted average shares outstanding		61,657		63,663		61,744		63,654
Dilutive effect of stock-based awards		937		1,130		944		1,098
Weighted average diluted shares outstanding		62,594		64,793		62,688		64,752
Earnings per share attributable to Reliance stockholders:
Diluted	$	9.15	$	5.08	$	17.49	$	9.20
Basic	$	9.29	$	5.17	$	17.75	$	9.36

The computations of earnings per share for the six months ended June 30, 2022 and 2021 do not include 162,116 and 230,186 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.