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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 29, 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 nine months ended September 29, 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

     —          (1,827      —          (1,827

Reclassifications

     (153,498      153,498        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at September 29, 2018

   $ 591,986      $ 872,668      $ 729,577      $ 2,194,231  
  

 

 

    

 

 

    

 

 

    

 

 

 
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 29, 2018 and December 31, 2017 (in thousands):

 

     September 29, 2018      December 31, 2017  
     Gross
Amount
     Accumulated
Amortization
     Gross
Amount
     Accumulated
Amortization
 

Customer relationships

   $ 1,419,899      $ 695,613      $ 1,420,224      $ 641,089  

Trademarks and trade names

     176,402        85,022        176,471        77,208  

Other

     62,807        30,904        62,805        26,557  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,659,108      $ 811,539      $ 1,659,500      $ 744,854