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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Change In Net Carrying Amount Of Goodwill By Segment
6. GOODWILL AND OTHER INTANGIBLE ASSETS: The change in the net carrying amount of goodwill for the six months ended June 30, 2012 by segment is as follows (in thousands):

 

     Steel Mills      Steel Products      Raw Materials      All Other      Total  

Balance at December 31, 2011

   $ 268,466       $ 790,441       $ 682,902       $ 88,852       $ 1,830,661   

Acquisitions

     143,190         —           10,658         —           153,848   

Translation

     —           4,365         —           —           4,365   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Balance at June 30, 2012

   $ 411,656       $ 794,806       $ 693,560       $ 88,852       $ 1,988,874   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Schedule Of Intangible Assets

Intangible assets with estimated useful lives of five to 22 years are amortized on a straight-line or accelerated basis and are comprised of the following (in thousands):

 

     June 30, 2012      December 31, 2011  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,149,093       $ 291,841       $ 941,787       $ 262,841   

Trademarks and trade names

     152,991         28,824         123,192         25,628   

Other

     27,468         18,663         25,868         17,738   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,329,552       $ 339,328       $ 1,090,847       $ 306,207