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Acquisitions (Tables)

6 Months Ended

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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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

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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

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