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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jul. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change in Net Carrying Amount of Goodwill by Segment
The change in the net carrying amount of goodwill for the six months ended July 2, 2016, by segment is as follows (in thousands):

 

     Steel Mills      Steel Products      Raw Materials      Total  

Balance at December 31, 2015

   $ 590,634       $ 691,067       $ 729,577       $ 2,011,278   

Translation

     —           19,273         —           19,273   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at July 2, 2016

   $ 590,634       $ 710,340       $ 729,577       $ 2,030,551   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Intangible Assets

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

 

     July 2, 2016      December 31, 2015  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,190,075       $ 547,927       $ 1,185,299       $ 517,817   

Trademarks and trade names

     156,782         62,514         155,864         57,756   

Other

     23,034         18,662         23,025         17,943   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,369,891       $ 629,103       $ 1,364,188       $ 593,516