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Equity (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended9 Months Ended1 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Aug. 31, 2011
Officers Restricted Stock Award Member
May 31, 2011
Non-employee director restricted stock award
year
Feb. 28, 2011
Stock options
Sep. 30, 2011
Stock options
year
Equity         
Issuance of common stock in connection with the exercise of stock options (in shares)  225,746      
Total proceeds from the exercise of stock options  $ 9.6$ 17.4     
Share Based Compensation         
Restricted stock granted (in shares)     86,00016,079  
Percentage of options vesting on the each anniversary (as a percent)     20.00%   
Number of years from grant date that recipient is restricted from trading restricted stock (in years)      1  
Fair value on the grant date (in dollars per share)     $ 37.29$ 52.24  
Stock options granted (in shares)       1,037,250 
Vesting period (in years)       four years  
Expiration period (in years)       seven years  
Fair value of stock options granted (in dollars per share)       $ 26.98 
Assumptions used in the Black-Scholes option-pricing model         
Expected life (in years)        4.8
Expected volatility rate (as a percent)        60.20%
Dividend yield rate (as a percent)        0.90%
Risk free interest rate (as a percent)        2.20%
Exercise price (in dollars per share)        $ 55.73
Share Repurchase Program         
Remaining number of common stock authorized for repurchase under stock repurchase program (in shares)7,883,033 7,883,033      
Other Comprehensive (Loss) Income         
Net income86.349.3280.1157.1     
Other comprehensive (loss) income:         
Foreign currency translation (loss) gain(19.8)5.4(13.4)4.5     
Unrealized (loss) gain on investments, net of tax(0.3)0.1(0.2)      
Total other comprehensive (loss) income(20.1)5.5(13.6)4.5     
Comprehensive income66.254.8266.5161.6     
Comprehensive income attributable to noncontrolling interests(1.4)(0.6)(4.2)(2.2)     
Comprehensive income attributable to Reliance64.854.2262.3159.4     
Accumulated Other Comprehensive (Loss) Income         
Foreign currency translation gain6.9 6.9 20.3    
Unrealized loss on investments, net of tax(0.4) (0.4) (0.2)    
Minimum pension liability, net of tax(9.8) (9.8) (9.8)    
Total accumulated other comprehensive (loss) income(3.3) (3.3) 10.3    
Deferred tax assets in accumulated other comprehensive income, pension liabilities6.6 6.6 6.6    
Deferred tax assets in accumulated other comprehensive income, unrealized loss on investments$ 0.3 $ 0.3 $ 0.1