XML 20 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 9 Months Ended 12 Months Ended 2 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
item
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
item
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2013
Trade names
Dec. 31, 2012
Trade names
Dec. 31, 2011
Trade names
Dec. 31, 2013
Customer relationships
Dec. 31, 2012
Customer relationships
Dec. 31, 2011
Customer relationships
Apr. 04, 2013
Unsecured revolving credit facility
Apr. 30, 2013
Travel Main
item
Apr. 12, 2013
Metals USA
item
Dec. 31, 2013
Metals USA
Dec. 31, 2013
Metals USA
Dec. 31, 2012
Metals USA
Apr. 12, 2013
Metals USA
Unsecured revolving credit facility
Apr. 12, 2013
Metals USA
Term loan expiring April 4, 2018
Apr. 12, 2013
Metals USA
Senior unsecured notes due 2023
Dec. 31, 2013
Haskins Steel Co., Inc. (Haskins Steel)
Dec. 31, 2013
GH Metal Solutions, Inc
Dec. 31, 2013
Sunbelt Steel Texas, LLC
Dec. 31, 2013
2013 acquisitions
Dec. 31, 2012
2012 acquisitions
Dec. 31, 2013
2012 acquisitions
Dec. 31, 2013
Airport Metals (Australia) Pty Ltd
Dec. 31, 2013
Worthington Steel Vonore
Dec. 31, 2013
National Specialty Alloys, LLC
Dec. 31, 2013
McKey Perforated Products Co., Inc.,
Dec. 31, 2013
2011 acquisitions
Dec. 31, 2011
2011 acquisitions
Aug. 01, 2011
2011 acquisitions
item
Acquisitions                                                                                
Net sales $ 2,306.7 $ 2,443.5 $ 2,448.3 $ 2,025.3 $ 1,889.0 $ 2,055.3 $ 2,209.7 $ 2,288.3 $ 9,223.8 $ 8,442.3 $ 8,134.7                     $ 1,240.0           $ 4.3 $ 59.1 $ 43.2       $ 2.8 $ 2.7 $ 77.2 $ 18.9 $ 414.1    
Number of real estate properties of acquired entity which were leased by subsidiaries of reporting entity                                       18                                        
Total transaction value                                       78.9 1,250.0                     226.5                
Value of debt assumed                                       43.8 486.1                     59.4                
Number of service centers acquired                                         44                                      
Purchase price                                         766.8                                      
Acquired debt not refinanced through proceeds from debt                                         12.3                                      
Face amount of debt, proceeds from which is used to fund transaction                                                   500.0 500.0                          
Maximum borrowing capacity of the revolving credit facility, which used to fund the transaction                                     1,500.0           1,500.0                              
Transaction costs                                             11.4                                  
Number of locations of the acquiree entity                                                                               12
Number of countries of the acquiree entity 10               10                                                             7
Allocation of the total purchase price of acquisitions to the fair value of the assets acquired and liabilities assumed                                                                                
Cash                                           3.2 3.2                 0.2             22.8  
Accounts receivable                                           206.0 206.0                 32.5             55.7  
Inventories                                           379.5 379.5                 55.0             125.9  
Property, plant and equipment                                           242.6 242.6                 30.7             28.8  
Goodwill 1,691.6       1,314.6       1,691.6 1,314.6 1,244.3 1,109.6                   381.5 381.5                 68.0             138.5  
Intangible assets subject to amortization                                           137.6 137.6                 45.1             103.7  
Intangible assets not subject to amortization                         206.8 37.9 70.6             203.0 203.0                 37.9             70.6  
Other current and long-term assets                                           9.1 9.1                 1.2             1.8  
Total assets acquired                                           1,562.5 1,562.5                 270.6             547.8  
Current and long-term debt                                           486.1 486.1                 59.4             104.7  
Deferred taxes                                           184.4 184.4                 20.6             56.9  
Other current and long-term liabilities                                           125.2 125.2                 23.5             50.1  
Total liabilities assumed                                           795.7 795.7                 103.5             211.7  
Net assets acquired                                           766.8 766.8                 167.1             336.1  
Summary purchase price allocation information for all acquisitions                                                                                
Intangible assets acquired subject to amortization                         1.0     135.3 44.3 101.8                                            
Intangible assets not subject to amortization                         206.8 37.9 70.6             203.0 203.0                 37.9             70.6  
Weighted average lives of identifiable intangible assets                               12 years 6 months 10 years 10 years                                            
Tax deductible goodwill amount 554.6               554.6                                           106.7   30.3         4.5    
Pro forma financial information                                                                                
Acquisition and related costs                                             48.7                                  
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 (in dollars per share)                                             $ 4.24 $ 5.88                                
Basic earnings per common share attributable to Reliance shareholders (in dollars per share)                                             $ 4.28 $ 5.91