Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share

Earnings Per Share

Note 10.  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,
	2023		2022		2023		2022
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	385.1	$	572.8	$	768.2	$	1,096.1
Denominator:
Weighted average shares outstanding		58,688		61,657		58,760		61,744
Dilutive effect of stock-based awards		658		937		680		944
Weighted average diluted shares outstanding		59,346		62,594		59,440		62,688
Earnings per share attributable to Reliance stockholders:
Basic	$	6.56	$	9.29	$	13.07	$	17.75
Diluted	$	6.49	$	9.15	$	12.92	$	17.49

The computations of earnings per share for the six months ended June 30, 2023 and 2022 do not include 100,326 and 162,116 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.