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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Aug. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
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 at September 1, 2017 |  | $ | 9,751 |  |  | $ | 4,970 |  |  | $ | 57,943 |  |  | $ | 2,664 |  |  | $ | 1,982 |  |  | $ | 77,310 |
| Dispositions, impairments and foreign currency translation |  | (208 | ) |  | — |  |  | (515 | ) |  | (96 | ) |  | — |  |  | (819 | )
| 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 |
| Dispositions, impairments and foreign currency translation |  | — |  |  | — |  |  | — |  |  | (184 | ) |  | — |  |  | (184 | )
Balance at August 31, 2019 |  | 9,543 |  |  | 4,970 |  |  | 57,428 |  |  | 2,384 |  |  | — |  |  | 74,325 |
Accumulated impairment losses |  |  |  |  |  |  |  |  |  |  |  |
Balance at September 1, 2017 |  | (9,751 | ) |  | — |  |  | (493 | ) |  | (169 | ) |  | (1,982 | ) |  | (12,395 | )
| Dispositions, impairments and foreign currency translation |  | 208 |  |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 214 |
| Reclassification to assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,982 |  |  | 1,982 |
Balance at August 31, 2018 |  | (9,543 | ) |  | — |  |  | (493 | ) |  | (163 | ) |  | — |  |  | (10,199 | )
| Dispositions, impairments and foreign currency translation |  | — |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Balance at August 31, 2019 |  | (9,543 | ) |  | — |  |  | (493 | ) |  | (151 | ) |  | — |  |  | (10,187 | )
Goodwill, net |  |  |  |  |  |  |  |  |  |  |  |
Balance at September 1, 2017 |  | — |  |  | 4,970 |  |  | 57,450 |  |  | 2,495 |  |  | — |  |  | 64,915 |
| Dispositions, impairments and foreign currency translation |  | — |  |  | — |  |  | (515 | ) |  | (90 | ) |  | — |  |  | (605 | )
Balance at August 31, 2018 |  | — |  |  | 4,970 |  |  | 56,935 |  |  | 2,405 |  |  | — |  |  | 64,310 |
| Dispositions, impairments and foreign currency translation |  | — |  |  | — |  |  | — |  |  | (172 | ) |  | — |  |  | (172 | )
Balance at August 31, 2019 |  | $ | — |  |  | $ | 4,970 |  |  | $ | 56,935 |  |  | $ | 2,233 |  |  | $ | — |  |  | $ | 64,138 |
_________________ *Corporate and Other in 2017 and 2018 includes goodwill for the International Marketing and Distribution segment which was reclassified as discontinued operations during 2018. As of August 31, 2019 and 2018, one of the Company's reporting units within the Americas Fabrication reporting segment comprised $51.1 million of the Company's total goodwill. Based on the results of our 2019 annual goodwill impairment analysis, the fair value of this reporting unit exceeded its carrying value by 29.3%. For all other reporting units, the excess of the fair value over carrying value of each reporting unit was substantial. Goodwill impairment charges were not material for 2019, 2018, or 2017. The following intangible assets subject to amortization are included in other noncurrent assets on the Company's consolidated balance sheets:
|  | August 31, 2019 |  | August 31, 2018
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer base |  | $ | 6,088 |  |  | $ | 4,081 |  |  | $ | 2,007 |  |  | $ | 6,254 |  |  | $ | 3,416 |  |  | $ | 2,838 |
Favorable land leases |  | 4,146 |  |  | 749 |  |  | 3,397 |  |  | 4,476 |  |  | 755 |  |  | 3,721 |
Non-compete agreements |  | 2,810 |  |  | 382 |  |  | 2,428 |  |  | 1,750 |  |  | 798 |  |  | 952 |
Brand name |  | 628 |  |  | 454 |  |  | 174 |  |  | 928 |  |  | 662 |  |  | 266 |
Patents |  | 6,993 |  |  | 1,709 |  |  | 5,284 |  |  | 6,993 |  |  | 777 |  |  | 6,216 |
Other |  | 101 |  |  | 79 |  |  | 22 |  |  | 101 |  |  | 72 |  |  | 29 |
Total |  | $ | 20,766 |  |  | $ | 7,454 |  |  | $ | 13,312 |  |  | $ | 20,502 |  |  | $ | 6,480 |  |  | $ | 14,022 |
Favorable land leases at August 31, 2019 are related to perpetual lease rights which have an estimated useful life of 85 years. All other intangible assets with definitive lives are amortized over estimated useful lives ranging from 3 to 15 years. Excluding goodwill, the Company does not have any other significant intangible assets with indefinite lives. Amortization expense for intangible assets from continuing operations was $2.2 million for 2019 and 2018, and $2.1 million for 2017. Estimated amounts of amortization expense for the next five years are as follows.
Year Ended August 31, |  | (in thousands)
2020 |  | $ | 2,047 |
2021 |  | 2,025 |
2022 |  | 1,748 |
2023 |  | 1,289 |
2024 |  | 1,252 |

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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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