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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Oct. 01, 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 nine months ended October 1, 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

     —           15,563         —           15,563   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at October 1, 2016

   $ 590,634       $ 706,630       $ 729,577       $ 2,026,841   
  

 

 

    

 

 

    

 

 

    

 

 

 

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):

 

     October 1, 2016      December 31, 2015  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,177,629       $ 551,057       $ 1,185,299       $ 517,817   

Trademarks and trade names

     156,614         64,877         155,864         57,756   

Other

     59,375         20,057         23,025         17,943   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,393,618       $ 635,991       $ 1,364,188       $ 593,516