Earnings Per Share

6 Months Ended

Jun. 30, 2019

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,
	2019		2018		2019		2018
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	183.1	$	230.8	$	373.2	$	399.8
Denominator:
Weighted average shares outstanding		67,045		72,343		67,086		72,580
Dilutive effect of stock-based awards		932		645		865		638
Weighted average diluted shares outstanding		67,977		72,988		67,951		73,218
Earnings per share attributable to Reliance stockholders:
Diluted	$	2.69	$	3.16	$	5.49	$	5.46
Basic	$	2.73	$	3.19	$	5.56	$	5.51

Potentially dilutive securities whose effect would have been antidilutive were not significant for the three months and six months ended June 30, 2019.