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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 29, 2019
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 29, 2019 by segment was as follows (in thousands):

 

 

 

Steel Mills

 

 

Steel Products

 

 

Raw Materials

 

 

Total

 

Balance at December 31, 2018

 

$

591,986

 

 

$

862,773

 

 

$

729,577

 

 

$

2,184,336

 

Translation

 

 

-

 

 

 

3,489

 

 

 

-

 

 

 

3,489

 

Reclassifications

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance at June 29, 2019

 

$

591,986

 

 

$

866,262

 

 

$

729,577

 

 

$

2,187,825

 

 

Schedule of Intangible Assets

 

 

 

June 29, 2019

 

 

December 31, 2018

 

 

 

Gross Amount

 

 

Accumulated

Amortization

 

 

Gross Amount

 

 

Accumulated

Amortization

 

Customer relationships

 

$

1,421,296

 

 

$

748,899

 

 

$

1,418,250

 

 

$

713,656

 

Trademarks and trade names

 

 

177,663

 

 

 

92,836

 

 

 

176,046

 

 

 

87,680

 

Other

 

 

63,807

 

 

 

34,625

 

 

 

67,820

 

 

 

32,276

 

 

 

$

1,662,766

 

 

$

876,360

 

 

$

1,662,116

 

 

$

833,612