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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2016 and 2015 by segment is as follows (in thousands):

 

     Steel
Mills
     Steel
Products
     Raw
Materials
     Total  

Balance, December 31, 2014

   $ 594,402      $ 744,685      $ 729,577      $ 2,068,664  

Translation

     —          (53,618      —          (53,618

Other

     (3,768      —          —          (3,768
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance, December 31, 2015

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

Acquisitions

     29,522        —          —          29,522  

Translation

     —          11,928        —          11,928  
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance, December 31, 2016

   $ 620,156      $ 702,995      $ 729,577      $ 2,052,728  
  

 

 

    

 

 

    

 

 

    

 

 

 
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):

 

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

Customer relationships

   $ 1,295,803      $ 566,884      $ 1,185,299      $ 517,817  

Trademarks and trade names

     161,851        66,494        155,864        57,756  

Other

     62,807        20,248        23,025        17,943  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,520,461      $ 653,626      $ 1,364,188      $ 593,516