10-Q Filing

RELIANCE, INC. CIK: 861884 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-008056`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	rs-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 18 Comprehensive Income 14

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.70M	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.10M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$816.20M	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.17B	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for credit losses of $28.7 at March 31, 2023 and $26.1 at December 31, 2022	`AccountsReceivableNetCurrent`	$1.57B	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for credit losses of $28.7 at March 31, 2023 and $26.1 at December 31, 2022	`AccountsReceivableNetCurrent`	$1.80B	USD	Point-in-time
Inventories	`InventoryNet`	$1.98B	USD	Point-in-time
Inventories	`InventoryNet`	$2.00B	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$115.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$114.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$36.60M	USD	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	58.84M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	58.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.89B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.71B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	58.79M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	58.84M	shares	Point-in-time
Land	`Land`	$263.30M	USD	Point-in-time
Land	`Land`	$262.70M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$1.38B	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$1.36B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.45B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.51B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.09B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.13B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.02B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.97B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$217.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$216.40M	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.02B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.01B	USD	Point-in-time
Cash surrender value of life insurance policies, net	`CashSurrenderValueOfLifeInsurance`	$37.60M	USD	Point-in-time
Cash surrender value of life insurance policies, net	`CashSurrenderValueOfLifeInsurance`	$42.00M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$97.30M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$84.80M	USD	Point-in-time
Total assets	`Assets`	$10.33B	USD	Point-in-time
Total assets	`Assets`	$10.20B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$545.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$412.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$113.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$118.80M	USD	Point-in-time
Accrued compensation and retirement benefits	`EmployeeRelatedLiabilitiesCurrent`	$143.70M	USD	Point-in-time
Accrued compensation and retirement benefits	`EmployeeRelatedLiabilitiesCurrent`	$240.00M	USD	Point-in-time
Accrued insurance costs	`AccruedInsuranceCurrent`	$43.40M	USD	Point-in-time
Accrued insurance costs	`AccruedInsuranceCurrent`	$45.20M	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrentAndShortTermDebt`	$8.20M	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrentAndShortTermDebt`	$508.20M	USD	Point-in-time
Current maturities of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$53.20M	USD	Point-in-time
Current maturities of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$52.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$66.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$975.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.14B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.14B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$165.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$165.50M	USD	Point-in-time
Long-term retirement benefits	`PensionsAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$29.60M	USD	Point-in-time
Long-term retirement benefits	`PensionsAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$26.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$476.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$476.60M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized Issued and outstanding shares-58,840 at March 31, 2023 and 58,787 at December 31, 2022	`CommonStocksIncludingAdditionalPaidInCapital`	$100.00K	USD	Point-in-time
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized Issued and outstanding shares-58,840 at March 31, 2023 and 58,787 at December 31, 2022	`CommonStocksIncludingAdditionalPaidInCapital`	$100.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.30M	USD	Point-in-time
Total Reliance stockholders' equity	`StockholdersEquity`	$7.35B	USD	Point-in-time
Total Reliance stockholders' equity	`StockholdersEquity`	$7.09B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.70M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.20B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.49B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.97B	USD	1 Quarter
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.74B	USD	1 Quarter
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.10B	USD	1 Quarter
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$651.30M	USD	1 Quarter
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$611.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$61.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.77B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.45B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$716.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$513.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$10.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$5.80M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$697.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$508.50M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$124.10M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$172.60M	USD	1 Quarter
Net income	`ProfitLoss`	$524.60M	USD	1 Quarter
Net income	`ProfitLoss`	$384.40M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$383.10M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$523.30M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$8.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.33	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.83M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	58.83M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.78M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$524.60M	USD	1 Quarter
Net income	`ProfitLoss`	$384.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$61.10M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$59.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$11.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$13.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$100.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-8.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$399.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$237.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-54.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-13.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-50.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.50M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$126.60M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$99.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$384.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$404.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.90M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$66.70M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.30M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.20M	USD	1 Quarter
Deferred compensation plan contributions, net	`PaymentForDeferredCompensationPlanContributionsNetInvestmentActivities`	$7.40M	USD	1 Quarter
Deferred compensation plan contributions, net	`PaymentForDeferredCompensationPlanContributionsNetInvestmentActivities`	$7.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.70M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$600.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.60M	USD	1 Quarter
Principal payment on long-term debt	`RepaymentsOfLongTermDebt`	$500.00M	USD	1 Quarter
Cash dividends and dividend equivalents	`PaymentsOfOrdinaryDividendsCommonStockAndDividendEquivalents`	$56.70M	USD	1 Quarter
Cash dividends and dividend equivalents	`PaymentsOfOrdinaryDividendsCommonStockAndDividendEquivalents`	$62.00M	USD	1 Quarter
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$38.90M	USD	1 Quarter
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$17.10M	USD	1 Quarter
Taxes paid related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$37.20M	USD	1 Quarter
Taxes paid related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.10M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.10M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-92.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-639.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.20M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-357.20M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$247.50M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.00M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$816.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$300.50M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.00M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$816.20M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$300.50M	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$14.40M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$9.60M	USD	1 Quarter
Income taxes paid during the period, net	`IncomeTaxesPaidNet`	$89.80M	USD	1 Quarter
Income taxes paid during the period, net	`IncomeTaxesPaidNet`	$21.20M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.88	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$383.10M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$523.30M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$600.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$38.90M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$17.10M	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$524.60M	USD	1 Quarter
Net income	`ProfitLoss`	$384.40M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$600.00K	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$800.00K	USD	1 Quarter
Postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$600.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$384.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$525.20M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$382.90M	USD	1 Quarter
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$523.90M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.