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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 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

     125,328        7,157        —          132,485  

Translation

     —          23,033        —          23,033  
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at September 30, 2017

   $ 745,484      $ 733,185      $ 729,577      $ 2,208,246  
  

 

 

    

 

 

    

 

 

    

 

 

Schedule of Intangible Assets

Intangible assets with estimated useful lives of five to 22 years are amortized on a straight-line or accelerated basis and were comprised of the following as of September 30, 2017 and December 31, 2016 (in thousands):

 

     September 30, 2017      December 31, 2016  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,422,569      $ 622,440      $ 1,295,803      $ 566,884  

Trademarks and trade names

     176,950        74,551        161,851        66,494  

Other

     62,807        25,030        62,807        20,248  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,662,326      $ 722,021      $ 1,520,461      $ 653,626