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Acquisitions (Tables) - 2024 Acquisitions | 9 Months Ended
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Sep. 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 | ​ | ​ | ​ | ​ | 44.9
Inventories | ​ | ​ | ​ | ​ | 109.9
Prepaid expenses and other current assets | ​ | ​ | ​ | ​ | 1.0
Property, plant and equipment | ​ | ​ | ​ | ​ | 106.7
Operating lease right-of-use assets | ​ | ​ | ​ | ​ | 19.2
Goodwill | ​ | ​ | ​ | ​ | 59.3
Intangible assets subject to amortization | ​ | ​ | ​ | ​ | 39.5
Intangible assets not subject to amortization | ​ | ​ | ​ | ​ | 41.4
Total assets acquired | ​ | ​ | ​ | ​ | 427.5
Deferred income taxes | ​ | ​ | ​ | ​ | 7.0
Operating lease liabilities | ​ | ​ | ​ | ​ | 15.1
Other current and long-term liabilities | ​ | ​ | ​ | ​ | 32.8
Total liabilities assumed | ​ | ​ | ​ | ​ | 54.9
Noncontrolling interest | ​ | ​ | ​ | ​ | 0.3
Net assets acquired | ​ | ​ | ​ | $ | 372.3
Schedule of pro forma information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Nine Months Ended
​ | September 30, | ​ | September 30,
​ | 2024 |  | 2023 |  | 2024 |  | 2023
​ | (in millions, except per share amounts)
Pro forma: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | $ | 3,422.4 | ​ | $ | 3,744.0 | ​ | $ | 10,816.9 | ​ | $ | 11,874.4
Net income attributable to Reliance | $ | 197.9 | ​ | $ | 304.6 | ​ | $ | 769.7 | ​ | $ | 1,090.1
Earnings per share attributable to Reliance stockholders: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | $ | 3.62 | ​ | $ | 5.21 | ​ | $ | 13.67 | ​ | $ | 18.59
Diluted | $ | 3.59 | ​ | $ | 5.15 | ​ | $ | 13.55 | ​ | $ | 18.37
​

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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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