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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2020 and 2019 by segment is as follows:

 

 

 

(in thousands)

 

 

 

Steel

 

 

Steel

 

 

Raw

 

 

 

 

 

 

 

Mills

 

 

Products

 

 

Materials

 

 

Total

 

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

 

Acquisitions

 

 

20,484

 

 

 

(821

)

 

 

 

 

 

19,663

 

Translation

 

 

 

 

 

8,946

 

 

 

 

 

 

8,946

 

Balance, December 31, 2020

 

$

612,470

 

 

$

887,625

 

 

$

729,577

 

 

$

2,229,672

 

Schedule of Intangible Assets

 

 

(in thousands)

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Gross

 

 

Accumulated

 

 

Gross

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Customer relationships

 

$

1,421,962

 

 

$

838,443

 

 

$

1,412,954

 

 

$

767,532

 

Trademarks and trade names

 

 

162,365

 

 

 

100,000

 

 

 

162,183

 

 

 

92,258

 

Other

 

 

63,822

 

 

 

41,685

 

 

 

63,807

 

 

 

36,968

 

 

 

$

1,648,149

 

 

$

980,128

 

 

$

1,638,944

 

 

$

896,758