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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 30, 2013
Schedule of Change in Net Carrying Amount of Goodwill by Segment
The change in the net carrying amount of goodwill for the three months ended March 30, 2013 by segment is as follows (in thousands):

 

     Steel Mills      Steel Products     Raw Materials      All Other     Total  

Balance at December 31, 2012

   $ 407,045       $ 805,416      $ 703,225       $ 88,852      $ 2,004,538   

Acquisitions

     —           —          —           —          —     

Reclassifications

     88,852         —          —           (88,852     —     

Translation

     —           (13,635     —           —          (13,635
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance at March 30, 2013

   $ 495,897       $ 791,781      $ 703,225       $ —        $ 1,990,903   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
Schedule of Intangible Assets

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

 

     March 30, 2013      December 31, 2012  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,152,001       $ 342,517       $ 1,156,979       $ 325,819   

Trademarks and trade names

     152,049         34,710         152,869         32,653   

Other

     21,869         14,297         28,610         20,746   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,325,919       $ 391,524       $ 1,338,458       $ 379,218