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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill for the years ended December 31, 2013 and 2012 by segment is as follows (in thousands):

 

     Steel
Mills
     Steel
Products
    Raw
Materials
     All
Other
    Total  

Balance, December 31, 2011

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

Acquisitions and dispositions

     138,579         (3,489     20,323         —          155,413   

Translation

     —           18,464        —           —          18,464   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance, December 31, 2012

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

Reclassifications

     88,852         —          —           (88,852     —     

Translation

     —           (26,067     —           —          (26,067

Other

     —           (4,863     —           —          (4,863
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Balance, December 31, 2013

   $ 495,897       $ 774,486      $ 703,225       $ —        $ 1,973,608   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
Schedule of Intangible Assets

Intangible assets with estimated lives of 5 to 22 years are amortized on a straight-line or accelerated basis and are comprised of the following (in thousands):

 

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

Customer relationships

   $ 1,147,786       $ 391,254       $ 1,156,979       $ 325,819   

Trademarks and trade names

     151,332         40,397         152,869         32,653   

Other

     21,869         15,182         28,610         20,746   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,320,987       $ 446,833       $ 1,338,458       $ 379,218