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Acquisitions (Tables) - 2024 Acquisitions | 6 Months Ended
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Jun. 30, 2024
Acquisitions |
Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | (in millions)
Cash | ​ | ​ | ​ | $ | 5.6
Accounts receivable | ​ | ​ | ​ | ​ | 43.2
Inventories | ​ | ​ | ​ | ​ | 109.9
Prepaid expenses and other current assets | ​ | ​ | ​ | ​ | 1.0
Property, plant and equipment | ​ | ​ | ​ | ​ | 99.7
Operating lease right-of-use assets | ​ | ​ | ​ | ​ | 1.2
Goodwill | ​ | ​ | ​ | ​ | 57.0
Intangible assets subject to amortization | ​ | ​ | ​ | ​ | 36.5
Intangible assets not subject to amortization | ​ | ​ | ​ | ​ | 38.9
Total assets acquired | ​ | ​ | ​ | ​ | 393.0
Deferred taxes | ​ | ​ | ​ | ​ | 7.1
Operating lease liabilities | ​ | ​ | ​ | ​ | 1.2
Other current and long-term liabilities | ​ | ​ | ​ | ​ | 32.3
Total liabilities assumed | ​ | ​ | ​ | ​ | 40.6
Noncontrolling interest | ​ | ​ | ​ | ​ | 0.3
Net assets acquired | ​ | ​ | ​ | $ | 352.1
Schedule of pro forma information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Six Months Ended
​ | June 30, | ​ | June 30,
​ | 2024 |  | 2023 |  | 2024 |  | 2023
​ | (in millions, except per share amounts)
Pro forma: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | $ | 3,643.3 | ​ | $ | 4,018.9 | ​ | $ | 7,385.1 | ​ | $ | 8,122.0
Net income attributable to Reliance | $ | 266.3 | ​ | $ | 395.1 | ​ | $ | 571.7 | ​ | $ | 787.5
Earnings per share attributable to Reliance stockholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | $ | 4.68 | ​ | $ | 6.73 | ​ | $ | 10.01 | ​ | $ | 13.40
Diluted | $ | 4.64 | ​ | $ | 6.66 | ​ | $ | 9.92 | ​ | $ | 13.25

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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