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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 2,085.6 $ 2,685.9 $ 6,677.8 $ 8,526.0
Costs and expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 1,409.5 1,871.2 4,606.3 5,990.8
Warehouse, delivery, selling, general and administrative 449.2 518.7 1,410.4 1,582.2
Depreciation and amortization 56.4 54.8 170.8 163.2
Impairment of long-lived assets 10.0   107.9 1.2
Total costs and expenses 1,925.1 2,444.7 6,295.4 7,737.4
Operating income 160.5 241.2 382.4 788.6
Other expense:        
Interest expense 15.7 20.5 47.2 68.4
Other expense, net 17.8 2.3 23.1 0.5
Income before income taxes 127.0 218.4 312.1 719.7
Income tax provision 28.7 54.5 70.2 179.9
Net income 98.3 163.9 241.9 539.8
Less: Net income attributable to noncontrolling interests 0.7 1.2 2.4 3.9
Net income attributable to Reliance $ 97.6 $ 162.7 $ 239.5 $ 535.9
Earnings per share attributable to Reliance stockholders:        
Diluted (in dollars per share) $ 1.51 $ 2.40 $ 3.66 $ 7.90
Basic (in dollars per share) $ 1.53 $ 2.44 $ 3.71 $ 8.01
Shares used in computing earnings per share:        
Diluted (in shares) 64,688 67,704 65,503 67,868
Basic (in shares) 63,758 66,656 64,578 66,941
Cash dividends per share (in dollars per share) $ 0.625 $ 0.55 $ 1.875 $ 1.65