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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2013
Acquisitions |
Schedule of allocation of the total purchase price of Metals USA to the fair value of the assets acquired and liabilities assumed |
|  | (in millions) |  |
Cash |  | $ | 3.2 |
Accounts receivable |  | 205.9 |
Inventories |  | 382.6 |
Property, plant and equipment |  | 248.7 |
Goodwill |  | 349.1 |
Intangible assets subject to amortization |  | 182.0 |
Intangible assets not subject to amortization |  | 220.0 |
Other current and long-term assets |  | 9.0 |
Total assets acquired |  | 1,600.5 |
Current and long-term debt |  | 486.1 |
Deferred taxes |  | 235.9 |
Other current and long-term liabilities |  | 111.7 |
Total liabilities assumed |  | 833.7 |
Net assets acquired |  | $ | 766.8 |
Schedule of pro forma information |
|  | Three Months Ended June 30, 2013 |  | Three Months Ended June 30, 2012
|  | (in millions, except per share amounts) |  | (in millions, except per share amounts)
Pro forma: |  |  |  |  |  |  |  |
Net sales |  |  | $ | 2,519.2 |  |  |  | $ | 2,746.8 |
Net income attributable to Reliance |  |  | $ | 84.7 |  |  |  | $ | 125.2 |
Diluted earnings per common share attributable to Reliance shareholders |  |  | $ | 1.09 |  |  |  | $ | 1.66 |
Basic earnings per common share attributable to Reliance shareholders |  |  | $ | 1.10 |  |  |  | $ | 1.67 |
|  | Six Months Ended June 30, 2013 |  | Six Months Ended June 30, 2012
|  | (in millions, except per share amounts) |  | (in millions, except per share amounts)
Pro forma: |  |  |  |  |  |  |  |
Net sales |  |  | $ | 5,003.6 |  |  |  | $ | 5,560.4 |
Net income attributable to Reliance |  |  | $ | 172.2 |  |  |  | $ | 255.2 |
Diluted earnings per common share attributable to Reliance shareholders |  |  | $ | 2.23 |  |  |  | $ | 3.38 |
Basic earnings per common share attributable to Reliance shareholders |  |  | $ | 2.25 |  |  |  | $ | 3.40 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479 + Details
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