XML 54 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Aug. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The following table details the changes in the carrying amount of goodwill by reportable segment:
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Corporate and Other*
 
Consolidated
Goodwill, gross
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2016
 
$
9,751

 
$
4,970

 
$
57,637

 
$
2,432

 
$
1,982

 
$
76,772

 
Acquisitions
 
—

 
—

 
306

 
—

 
—

 
306

 
Foreign currency translation
 
—

 
—

 
—

 
232

 
—

 
232

Balance at August 31, 2017
 
9,751

 
4,970

 
57,943

 
2,664

 
1,982

 
77,310

 
Dispositions
 
(208
)
 
—

 
—

 
—

 
—

 
(208
)
 
Impairments
 
—

 
—

 
(515
)
 
—

 
—

 
(515
)
 
Foreign currency translation
 
—

 
—

 
—

 
(96
)
 
—

 
(96
)
 
Reclassification to assets of discontinued operations
 
—

 
—

 
—

 
—

 
(1,982
)
 
(1,982
)
Balance at August 31, 2018
 
$
9,543

 
$
4,970

 
$
57,428

 
$
2,568

 
$
—

 
$
74,509

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated impairment losses
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2016
 
$
(9,751
)
 
$
—

 
$
(493
)
 
$
(155
)
 
$
—

 
$
(10,399
)
 
Foreign currency translation
 
—

 
—

 
—

 
(14
)
 
—

 
(14
)
 
Impairment
 
—

 
—

 
—

 
—

 
(1,982
)
 
(1,982
)
Balance at August 31, 2017
 
(9,751
)
 
—

 
(493
)
 
(169
)
 
(1,982
)
 
(12,395
)
 
Dispositions
 
208

 
—

 
—

 
—

 
—

 
208

 
Foreign currency translation
 
—

 
—

 
—

 
6

 
—

 
6

 
Reclassification to assets of discontinued operations
 
—

 
—

 
—

 
—

 
1,982

 
1,982

Balance at August 31, 2018
 
$
(9,543
)
 
$
—

 
$
(493
)
 
$
(163
)
 
$
—

 
$
(10,199
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill, net
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2016
 
$
—

 
$
4,970

 
$
57,144

 
$
2,277

 
$
1,982

 
$
66,373

 
Acquisitions
 
—

 
—

 
306

 
—

 
—

 
306

 
Foreign currency translation
 
—

 
—

 
—

 
218

 
—

 
218

 
Impairment
 
—

 
—

 
—

 
—

 
(1,982
)
 
(1,982
)
Balance at August 31, 2017
 
—

 
4,970

 
57,450

 
2,495

 
—

 
64,915

 
Impairments
 
—

 
—

 
(515
)
 
—

 
—

 
(515
)
 
Foreign currency translation
 
—

 
—

 
—

 
(90
)
 
—

 
(90
)
Balance at August 31, 2018
 
$
—

 
$
4,970

 
$
56,935

 
$
2,405

 
$
—

 
$
64,310
Intangible assets subject to amortization
The following intangible assets subject to amortization are included in other noncurrent assets on the Company's consolidated balance sheets:
 
 
August 31, 2018
 
August 31, 2017
(in thousands)
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
Customer base
 
$
6,254

 
$
3,416

 
$
2,838

 
$
6,334

 
$
2,660

 
$
3,674

Favorable land leases
 
4,476

 
755

 
3,721

 
10,189

 
2,849

 
7,340

Non-compete agreements
 
1,750

 
798

 
952

 
1,750

 
578

 
1,172

Brand name
 
928

 
662

 
266

 
1,328

 
770

 
558

Patents
 
6,993

 
777

 
6,216

 
—

 
—

 
—

Other
 
101

 
72

 
29

 
101

 
65

 
36

Total
 
$
20,502

 
$
6,480

 
$
14,022

 
$
19,702

 
$
6,922

 
$
12,780
Estimated future amortization expense of intangible assets
Estimated amounts of amortization expense for the next five years are as follows.
 
 
 
Year Ended August 31,
 
(in thousands)
2019
 
$
2,027

2020
 
1,793

2021
 
1,770

2022
 
1,493

2023
 
1,034