XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.1

Acquisitions (Tables) - 2021 Acquisitions

3 Months Ended

Mar. 31, 2022

Acquisitions

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

​

​	​	​
​	(in millions)
Cash	$	1.0
Accounts receivable	​	107.2
Inventories	​	134.4
Property, plant and equipment	​	33.6
Operating lease right-of-use assets	​	29.8
Goodwill	​	176.5
Intangible assets subject to amortization	​	116.3
Intangible assets not subject to amortization	​	51.2
Other current and long-term assets	​	4.0
Total assets acquired	​	654.0
Deferred taxes	​	49.3
Operating lease liabilities	​	24.6
Other current and long-term liabilities	​	139.8
Total liabilities assumed	​	213.7
Net assets acquired	$	440.3

Schedule of pro forma information

​

​	​	​
​	Three Months Ended
​	March 31, 2021
​	(in millions except per share amounts)
Pro forma:	​	​
Net sales	$	3,017.3
Net income attributable to Reliance	$	284.0
Earnings per share attributable to Reliance stockholders:	​	​
Diluted	$	4.39
Basic	$	4.46

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_BusinessAcquisitionLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=rs_Acquisitions2021Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: