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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2017 and 2016 by segment is as follows (in thousands):

 

     Steel
Mills
   Steel
Products
   Raw
Materials
   Total

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

Acquisitions

       125,328        7,004        —          132,332

Translation

       —          10,998        —          10,998
    

 

 

      

 

 

      

 

 

      

 

 

 

Balance, December 31, 2017

     $ 745,484      $ 720,997      $ 729,577      $ 2,196,058
    

 

 

      

 

 

      

 

 

      

 

 

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

Customer relationships

   $ 1,420,224      $ 641,089      $ 1,295,803      $ 566,884  

Trademarks and trade names

     176,471        77,208        161,851        66,494  

Other

     62,805        26,557        62,807        20,248  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,659,500      $ 744,854      $ 1,520,461      $ 653,626