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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 04, 2020
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 three months ended April 4, 2020 by segment was as follows (in thousands):

 

 

 

Steel Mills

 

 

Steel Products

 

 

Raw Materials

 

 

Total

 

Balance at December 31, 2019

 

$

591,986

 

 

$

879,500

 

 

$

729,577

 

 

$

2,201,063

 

Other

 

 

-

 

 

 

(671

)

 

 

-

 

 

 

(671

)

Translation

 

 

-

 

 

 

(17,398

)

 

 

-

 

 

 

(17,398

)

Balance at April 4, 2020

 

$

591,986

 

 

$

861,431

 

 

$

729,577

 

 

$

2,182,994

 

 

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 April 4, 2020 and December 31, 2019 (in thousands):

 

 

 

April 4, 2020

 

 

December 31, 2019

 

 

 

Gross Amount

 

 

Accumulated

Amortization

 

 

Gross Amount

 

 

Accumulated

Amortization

 

Customer relationships

 

$

1,410,717

 

 

$

785,850

 

 

$

1,412,954

 

 

$

767,532

 

Trademarks and trade names

 

 

161,748

 

 

 

94,271

 

 

 

162,183

 

 

 

92,258

 

Other

 

 

63,822

 

 

 

38,160

 

 

 

63,807

 

 

 

36,968

 

 

 

$

1,636,287

 

 

$

918,281

 

 

$

1,638,944

 

 

$

896,758