Earnings Per Share

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	1,335.9	$	1,840.1	$	1,413.0
Denominator:
Weighted average shares outstanding		58,328		60,559		63,217
Dilutive effect of stock-based awards		687		936		1,110
Weighted average diluted shares outstanding		59,015		61,495		64,327
Earnings per share attributable to Reliance stockholders:
Basic	$	22.90	$	30.39	$	22.35
Diluted	$	22.64	$	29.92	$	21.97

The computations of diluted earnings per share using the treasury stock method for 2023, 2022 and 2021 do not include 51,409, 83,857 and 116,206 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.