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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
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 six months ended June 30, 2018, by segment, was as follows (in thousands):

 

     Steel Mills      Steel Products      Raw Materials      Total  

Balance at December 31, 2017

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

Translation

     —          (10,249      —          (10,249

Reclassifications

     (153,498      153,498        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at June 30, 2018

   $ 591,986      $ 864,246      $ 729,577      $ 2,185,809  
  

 

 

    

 

 

    

 

 

    

 

 

 
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 June 30, 2018 and December 31, 2017 (in thousands):

 

     June 30, 2018      December 31, 2017  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,418,437      $ 677,547      $ 1,420,224      $ 641,089  

Trademarks and trade names

     176,089        82,426        176,471        77,208  

Other

     62,806        29,454        62,805        26,557  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,657,332      $ 789,427      $ 1,659,500      $ 744,854