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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 2,685.9 $ 2,974.5 $ 8,526.0 $ 8,720.5
Costs and expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 1,871.2 2,140.2 5,990.8 6,148.8
Warehouse, delivery, selling, general and administrative 518.7 531.0 1,582.2 1,586.3
Depreciation and amortization 54.8 53.4 163.2 161.8
Impairment of long-lived assets   35.5 1.2 35.5
Total costs and expenses 2,444.7 2,760.1 7,737.4 7,932.4
Operating income 241.2 214.4 788.6 788.1
Other (income) expense:        
Interest expense 20.5 22.0 68.4 62.6
Other expense (income), net 2.3 (2.5) 0.5 (1.2)
Income before income taxes 218.4 194.9 719.7 726.7
Income tax provision 54.5 44.6 179.9 172.2
Net income 163.9 150.3 539.8 554.5
Less: Net income attributable to noncontrolling interests 1.2 2.0 3.9 6.4
Net income attributable to Reliance $ 162.7 $ 148.3 $ 535.9 $ 548.1
Earnings per share attributable to Reliance stockholders:        
Diluted earnings per common share (in dollars per share) $ 2.40 $ 2.03 $ 7.90 $ 7.49
Basic earnings per common share (in dollars per share) $ 2.44 $ 2.06 $ 8.01 $ 7.57
Shares used in computing earning per share:        
Diluted (in shares) 67,704 72,981 67,868 73,137
Basic (in shares) 66,656 71,940 66,941 72,364
Cash dividends per share (in dollars per share) $ 0.55 $ 0.50 $ 1.65 $ 1.50