XML 54 R40.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2021 and 2020 by segment is as follows:

 

 

 

(in thousands)

 

 

 

Steel

 

 

Steel

 

 

Raw

 

 

 

 

 

 

 

Mills

 

 

Products

 

 

Materials

 

 

Total

 

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

 

Acquisitions

 

 

705

 

 

 

553,704

 

 

 

44,718

 

 

 

599,127

 

Translation

 

 

 

 

 

(1,455

)

 

 

 

 

 

(1,455

)

Balance, December 31, 2021

 

$

613,175

 

 

$

1,439,874

 

 

$

774,295

 

 

$

2,827,344

 

Schedule of Intangible Assets

 

 

 

(in thousands)

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Gross

 

 

Accumulated

 

 

Gross

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Customer relationships

 

$

1,872,348

 

 

$

924,506

 

 

$

1,421,962

 

 

$

838,443

 

Trademarks and trade names

 

 

217,255

 

 

 

99,906

 

 

 

162,365

 

 

 

100,000

 

Other

 

 

105,522

 

 

 

66,954

 

 

 

63,822

 

 

 

41,685

 

 

 

$

2,195,125

 

 

$

1,091,366

 

 

$

1,648,149

 

 

$

980,128