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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 2,019.3 $ 2,883.5 $ 4,592.2 $ 5,840.1
Costs and expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 1,404.6 2,029.9 3,196.8 4,119.6
Warehouse, delivery, selling, general and administrative 438.5 531.4 961.2 1,063.5
Depreciation and amortization 57.4 54.4 114.4 108.4
Impairment of long-lived assets 0.2 1.2 97.9 1.2
Total costs and expenses 1,900.7 2,616.9 4,370.3 5,292.7
Operating income 118.6 266.6 221.9 547.4
Other (income) expense:        
Interest expense 14.6 23.7 31.5 47.9
Other expense (income), net 2.0 (2.9) 5.3 (1.8)
Income before income taxes 102.0 245.8 185.1 501.3
Income tax provision 21.3 61.5 41.5 125.4
Net income 80.7 184.3 143.6 375.9
Less: Net income attributable to noncontrolling interests 0.5 1.2 1.7 2.7
Net income attributable to Reliance $ 80.2 $ 183.1 $ 141.9 $ 373.2
Earnings per share attributable to Reliance stockholders:        
Diluted (in dollars per share) $ 1.24 $ 2.69 $ 2.15 $ 5.49
Basic (in dollars per share) $ 1.26 $ 2.73 $ 2.18 $ 5.56
Shares used in computing earnings per share:        
Diluted (in shares) 64,582 67,977 65,915 67,951
Basic (in shares) 63,647 67,045 64,992 67,086
Cash dividends per share (in dollars per share) $ 0.625 $ 0.55 $ 1.25 $ 1.10