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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 01, 2017
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 three months ended April 1, 2017 by segment is as follows (in thousands):

 

     Steel Mills      Steel Products      Raw Materials      Total  

Balance at December 31, 2016

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

Acquisitions

     125,293        —          —          125,293  

Translation

     —          (745      —          (745
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at April 1, 2017

   $ 745,449      $ 702,250      $ 729,577      $ 2,177,276  
  

 

 

    

 

 

    

 

 

    

 

 

 
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):

 

    April 1, 2017     December 31, 2016  
    Gross
Amount
    Accumulated
Amortization
    Gross
Amount
    Accumulated
Amortization
 

Customer relationships

  $ 1,408,658     $ 584,962     $ 1,295,803     $ 566,884  

Trademarks and trade names

    174,021       69,149       161,851       66,494  

Other

    62,807       21,883       62,807       20,248  
 

 

 

   

 

 

   

 

 

   

 

 

 
  $ 1,645,486     $ 675,994     $ 1,520,461     $ 653,626