Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Apr. 02, 2022

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 2, 2022 by segment was as follows (in thousands):

	Steel Mills		Steel Products			Raw Materials		Total
Balance at December 31, 2021	$	613,175	$	1,439,874		$	774,295	$	2,827,344
Acquisitions		69,097		(62	)		-		69,035
Translation		-		7,755			-		7,755
Balance at April 2, 2022	$	682,272	$	1,447,567		$	774,295	$	2,904,134

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 April 2, 2022 and December 31, 2021 (in thousands):

	April 2, 2022				December 31, 2021
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Customer relationships	$	1,872,636	$	952,967	$	1,872,348	$	924,506
Trademarks and trade names		217,829		104,161		217,255		99,906
Other		105,522		75,649		105,522		66,954
	$	2,195,987	$	1,132,777	$	2,195,125	$	1,091,366