Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

	Year Ended December 31, 2013		Year Ended December 31, 2012
	(in millions, except per share amounts)		(in millions, except per share amounts)
Pro forma:
Net sales	$	9,753.8	$	10,425.9
Net income attributable to Reliance	$	328.9	$	444.8
Diluted earnings per common share attributable to Reliance shareholders	$	4.24	$	5.88
Basic earnings per common share atrributable to Reliance shareholders	$	4.28	$	5.91

2013 acquisitions

Acquisitions

Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed

As of December 31, 2013, the preliminary allocation of the total purchase price of Metals USA to the fair values of assets acquired and liabilities assumed is as follows:

	(in millions)

Cash	$	3.2
Accounts receivable		206.0
Inventories		379.5
Property, plant and equipment		242.6
Goodwill		381.5
Intangible assets subject to amortization		137.6
Intangible assets not subject to amortization		203.0
Other current and long-term assets		9.1


Total assets acquired		1,562.5


Current and long-term debt		486.1
Deferred taxes		184.4
Other current and long-term liabilities		125.2


Total liabilities assumed		795.7


Net assets acquired	$	766.8

2012 acquisitions

Acquisitions

Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed

The allocation of the total purchase price of our 2012 acquisitions to the fair values of the assets acquired and liabilities assumed is as follows:

	(in millions)

Cash	$	0.2
Accounts receivable		32.5
Inventories		55.0
Property, plant and equipment		30.7
Goodwill		68.0
Intangible assets subject to amortization		45.1
Intangible assets not subject to amortization		37.9
Other current and long-term assets		1.2


Total assets acquired		270.6


Current and long-term debt		59.4
Deferred taxes		20.6
Other current and long-term liabilities		23.5


Total liabilities assumed		103.5


Net assets acquired	$	167.1

2011 acquisitions

Acquisitions

Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed

The allocation of the total purchase price of Continental to the fair values of the assets acquired and liabilities assumed is as follows:

	(in millions)

Cash	$	22.8
Accounts receivable		55.7
Inventories		125.9
Property, plant and equipment		28.8
Goodwill		138.5
Intangible assets subject to amortization		103.7
Intangible assets not subject to amortization		70.6
Other current and long-term assets		1.8


Total assets acquired		547.8


Current and long-term debt		104.7
Deferred taxes		56.9
Other current and long-term liabilities		50.1


Total liabilities assumed		211.7


Net assets acquired	$	336.1