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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Apr. 03, 2021
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 3, 2021 by segment was as follows (in thousands):

 

 

 

Steel Mills

 

 

Steel Products

 

 

Raw Materials

 

 

Total

 

Balance at December 31, 2020

 

$

612,470

 

 

$

887,625

 

 

$

729,577

 

 

$

2,229,672

 

Acquisitions

 

 

1,030

 

 

 

-

 

 

 

-

 

 

 

1,030

 

Translation

 

 

-

 

 

 

4,481

 

 

 

-

 

 

 

4,481

 

Balance at April 3, 2021

 

$

613,500

 

 

$

892,106

 

 

$

729,577

 

 

$

2,235,183

 

Schedule of Intangible Assets

 

 

April 3, 2021

 

 

December 31, 2020

 

 

 

Gross Amount

 

 

Accumulated

Amortization

 

 

Gross Amount

 

 

Accumulated

Amortization

 

Customer relationships

 

$

1,422,453

 

 

$

856,406

 

 

$

1,421,962

 

 

$

838,443

 

Trademarks and trade names

 

 

162,462

 

 

 

101,991

 

 

 

162,365

 

 

 

100,000

 

Other

 

 

63,822

 

 

 

42,861

 

 

 

63,822

 

 

 

41,685

 

 

 

$

1,648,737

 

 

$

1,001,258

 

 

$

1,648,149

 

 

$

980,128