Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 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 six months ended July 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		705		-			-		705
Other		-		(129	)		-		(129	)
Translation		-		11,310			-		11,310
Balance at July 3, 2021	$	613,175	$	898,806		$	729,577	$	2,241,558

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 July 3, 2021 and December 31, 2020 (in thousands):

	July 3, 2021				December 31, 2020
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Customer relationships	$	1,422,758	$	874,016	$	1,421,962	$	838,443
Trademarks and trade names		162,608		103,933		162,365		100,000
Other		63,821		44,037		63,822		41,685
	$	1,649,187	$	1,021,986	$	1,648,149	$	980,128