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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2014
Acquisitions |
Schedule of Metals USA pro forma information |
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, 2013 |  | June 30, 2013 |
|  | (in millions, except |  | (in millions, except |
|  | per share amounts) |  | per share amounts) |
Pro forma: |  |  |  |  |
Net sales |  | $ | 2,519.2 |  | $ | 5,003.6 |
Net income attributable to Reliance |  | $ | 83.0 |  | $ | 172.0 |
Diluted earnings per common share attributable to Reliance shareholders |  | $ | 1.07 |  | $ | 2.23 |
Basic earnings per common share attributable to Reliance shareholders |  | $ | 1.08 |  | $ | 2.25 |
Metals USA |
Acquisitions |
Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed |
|  | (in millions) |
Cash |  | $ | 3.2 |
Accounts receivable |  | 206.0 |
Inventories |  | 379.5 |
Property, plant and equipment |  | 242.6 |
Goodwill |  | 382.7 |
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 |  | 1,563.7 |
Current and long-term debt |  | 486.1 |
Deferred taxes |  | 184.4 |
Other current and long-term liabilities |  | 126.4 |
Total liabilities assumed |  | 796.9 |
Net assets acquired |  | $ | 766.8 |

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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 Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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