Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 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	$	393.5	$	395.7	$	1,489.6	$	991.7
Denominator:
Weighted average shares outstanding		60,055		63,275		61,175		63,526
Dilutive effect of stock-based awards		929		1,075		939		1,091
Weighted average diluted shares outstanding		60,984		64,350		62,114		64,617
Earnings per share attributable to Reliance stockholders:
Basic	$	6.55	$	6.25	$	24.35	$	15.61
Diluted	$	6.45	$	6.15	$	23.98	$	15.35

The computations of earnings per share for the nine months ended September 30, 2022 and 2021 do not include 111,251 and 154,882 weighted average shares, respectively, in respect of RSUs, because their inclusion would have been anti-dilutive.