Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 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 six months ended July 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		62,011		1,062,176			-			1,124,187
Other		-		-			(19,983	)		(19,983	)
Translation		-		(2,045	)		-			(2,045	)
Balance at July 2, 2022	$	675,186	$	2,500,005		$	754,312		$	3,929,503

Schedule of Intangible Assets

Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and were comprised of the following as of July 2, 2022 and December 31, 2021 (in thousands):

	July 2, 2022				December 31, 2021
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Customer relationships	$	4,134,981	$	982,186	$	1,872,348	$	924,506
Trademarks and trade names		364,355		110,946		217,255		99,906
Other		108,446		85,501		105,522		66,954
	$	4,607,782	$	1,178,633	$	2,195,125	$	1,091,366