Earnings Per Share

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
	(in millions, except share amounts which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	1,840.1	$	1,413.0	$	369.1
Denominator:
Weighted average shares outstanding		60,559		63,217		64,328
Dilutive effect of stock-based awards		936		1,110		935
Weighted average diluted shares outstanding		61,495		64,327		65,263
Earnings per share attributable to Reliance stockholders:
Basic	$	30.39	$	22.35	$	5.74
Diluted	$	29.92	$	21.97	$	5.66

The computations of earnings per share for 2022, 2021 and 2020 do not include 83,857, 116,206 and 183,508 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.