Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Oct. 02, 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 nine months ended October 2, 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		535,099			20,464		556,268
Other		-		(129	)		-		(129	)
Translation		-		2,181			-		2,181
Balance at October 2, 2021	$	613,175	$	1,424,776		$	750,041	$	2,787,992

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 October 2, 2021 and December 31, 2020 (in thousands):

	October 2, 2021				December 31, 2020
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Customer relationships	$	1,874,831	$	897,952	$	1,421,962	$	838,443
Trademarks and trade names		233,423		106,928		162,365		100,000
Other		119,822		51,904		63,822		41,685
	$	2,228,076	$	1,056,784	$	1,648,149	$	980,128