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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2019 and 2018 by segment is as follows:

 

 

 

(in thousands)

 

 

 

Steel

 

 

Steel

 

 

Raw

 

 

 

 

 

 

 

Mills

 

 

Products

 

 

Materials

 

 

Total

 

Balance, December 31, 2017

 

$

745,484

 

 

$

720,997

 

 

$

729,577

 

 

$

2,196,058

 

Reclassifications

 

 

(153,498

)

 

 

153,498

 

 

 

 

 

 

 

Translation

 

 

 

 

 

(11,722

)

 

 

 

 

 

(11,722

)

Balance, December 31, 2018

 

 

591,986

 

 

 

862,773

 

 

 

729,577

 

 

 

2,184,336

 

Acquisitions

 

 

 

 

 

12,623

 

 

 

 

 

 

12,623

 

Translation

 

 

 

 

 

4,104

 

 

 

 

 

 

4,104

 

Balance, December 31, 2019

 

$

591,986

 

 

$

879,500

 

 

$

729,577

 

 

$

2,201,063

 

 

Schedule of Intangible Assets

 

 

 

(in thousands)

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Gross

 

 

Accumulated

 

 

Gross

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Customer relationships

 

$

1,412,954

 

 

$

767,532

 

 

$

1,418,250

 

 

$

713,656

 

Trademarks and trade names

 

 

162,183

 

 

 

92,258

 

 

 

176,046

 

 

 

87,680

 

Other

 

 

63,807

 

 

 

36,968

 

 

 

67,820

 

 

 

32,276

 

 

 

$

1,638,944

 

 

$

896,758

 

 

$

1,662,116

 

 

$

833,612