Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

ITC [Member]

Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed of ITC as of the date of acquisition (in thousands):

Cash	$	1,058
Accounts receivable		33,173
Inventory		94,400
Other current assets		1,743
Property, plant and equipment		177,668
Goodwill		29,522
Other intangible assets		130,900
Other assets		1,287
Total assets acquired		469,751
Current liabilities		39,633
Total liabilities assumed		39,633
Net assets acquired	$	430,118

Purchase Price Allocation of Identifiable Intangible Assets

The following table summarizes the purchase price allocation to the identifiable intangible assets of ITC as of the date of acquisition (in thousands, except years):

			Weighted - Average Life
Customer relationships	$	119,000		15 years
Trademarks and trade names		7,100		15 years
Other		4,800		5 years
	$	130,900

Gallatin Steel Company [Member]

Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed of Gallatin as of the date of acquisition (in thousands):

Cash	$	48,957
Accounts receivable		82,291
Inventory		101,692
Other current assets		5,117
Property, plant and equipment		483,007
Goodwill		94,737
Other intangible assets		67,150
Other assets		2,529
Total assets acquired		885,480
Current liabilities		104,315
Long-term debt		2,093
Total liabilities assumed		106,408
Net assets acquired	$	779,072

Purchase Price Allocation of Identifiable Intangible Assets

The following table summarizes the purchase price allocation to the identifiable intangible assets of Gallatin as of the date of acquisition (in thousands, except years):

			Weighted - Average Life
Customer relationships	$	58,250		20 years
Trademarks and trade names		8,900		5 years
	$	67,150