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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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May 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS 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, August 31, 2017 |  | $ | 9,751 |  |  | $ | 4,970 |  |  | $ | 57,943 |  |  | $ | 2,664 |  |  | $ | 1,982 |  |  | $ | 77,310 |
| Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (90 | ) |  | — |  |  | (90 | )
| Impairment |  | — |  |  | — |  |  | (514 | ) |  | — |  |  | — |  |  | (514 | )
| Reclassification to assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,982 | ) |  | (1,982 | )
Balance, May 31, 2018 |  | $ | 9,751 |  |  | $ | 4,970 |  |  | $ | 57,429 |  |  | $ | 2,574 |  |  | $ | — |  |  | $ | 74,724 |
Accumulated impairment losses |  |  |  |  |  |  |  |  |  |  |  |
Balance, August 31, 2017 |  | $ | (9,751 | ) |  | $ | — |  |  | $ | (493 | ) |  | $ | (169 | ) |  | $ | (1,982 | ) |  | $ | (12,395 | )
| Foreign currency translation |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
| Reclassification to assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,982 |  |  | 1,982 |
Balance, May 31, 2018 |  | $ | (9,751 | ) |  | $ | — |  |  | $ | (493 | ) |  | $ | (164 | ) |  | $ | — |  |  | $ | (10,408 | )
Goodwill, net |  |  |  |  |  |  |  |  |  |  |  |
Balance, August 31, 2017 |  | $ | — |  |  | $ | 4,970 |  |  | $ | 57,450 |  |  | $ | 2,495 |  |  | $ | — |  |  | $ | 64,915 |
| Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (85 | ) |  | — |  |  | (85 | )
| Impairment |  | — |  |  | — |  |  | (514 | ) |  | — |  |  | — |  |  | (514 | )
Balance, May 31, 2018 |  | $ | — |  |  | $ | 4,970 |  |  | $ | 56,936 |  |  | $ | 2,410 |  |  | $ | — |  |  | $ | 64,316 |
_________________ * Other relates to goodwill for the International Marketing and Distribution segment which was moved to discontinued operations during the second quarter of fiscal 2018. The total gross carrying amounts of the Company's intangible assets subject to amortization were $21.0 million and $19.7 million at May 31, 2018 and August 31, 2017, respectively, and were included in other noncurrent assets on the Company's unaudited condensed consolidated balance sheets. As part of the Company's purchase of substantially all of the assets of MMFX Technologies Corporation ("MMFX") during the first fiscal quarter of 2018, the Company acquired patents which were assigned a fair value of $7.0 million with a useful life of 7.5 years. See Note 2, Changes in Business, to the unaudited condensed consolidated financial statements included in the Company's November 30, 2017 Quarterly Report on Form 10-Q for more information with respect to the MMFX acquisition. Intangible amortization expense from continuing operations was $0.6 million and $1.6 million for the three and nine months ended May 31, 2018, respectively, and $0.8 million and $1.8 million for the three and nine months ended May 31, 2017, respectively. The nine months ended May 31, 2018 included goodwill impairment charges of $0.5 million, recorded during the second fiscal quarter, related to the Company's sale of its structural steel fabrication operations as discussed in Note 2, Changes in Business. See Note 9, Fair Value, for further discussion related to the impairment. Excluding goodwill, the Company did not have any significant intangible assets with indefinite lives as of May 31, 2018.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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