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GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
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Nov. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and other intangible assets | NOTE 8. GOODWILL AND OTHER INTANGIBLES 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 |  | Consolidated
Goodwill, gross |  |  |  |  |  |  |  |  |  |
Balance, August 31, 2018 |  | $ | 9,543 |  |  | $ | 4,970 |  |  | $ | 57,428 |  |  | $ | 2,568 |  |  | $ | 74,509 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (62 | ) |  | (62 | )
Impairment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Reclassification to assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, November 30, 2018 |  | $ | 9,543 |  |  | $ | 4,970 |  |  | $ | 57,428 |  |  | $ | 2,506 |  |  | $ | 74,447 |
Accumulated impairment losses |  |  |  |  |  |  |  |  |  |
Balance, August 31, 2018 |  | $ | (9,543 | ) |  | $ | — |  |  | $ | (493 | ) |  | $ | (163 | ) |  | $ | (10,199 | )
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 4 |
Reclassification to assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, November 30, 2018 |  | $ | (9,543 | ) |  | $ | — |  |  | $ | (493 | ) |  | $ | (159 | ) |  | $ | (10,195 | )
Goodwill, net |  |  |  |  |  |  |  |  |  |
Balance, August 31, 2018 |  | $ | — |  |  | $ | 4,970 |  |  | $ | 56,935 |  |  | $ | 2,405 |  |  | $ | 64,310 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (58 | ) |  | (58 | )
Impairment |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, November 30, 2018 |  | $ | — |  |  | $ | 4,970 |  |  | $ | 56,935 |  |  | $ | 2,347 |  |  | $ | 64,252 |
The total gross carrying amounts of the Company's intangible assets subject to amortization, including any intangible assets associated with the Acquired Businesses, were $30.6 million and $20.5 million at November 30, 2018 and August 31, 2018, respectively, and were included in other noncurrent assets on the Company's unaudited condensed consolidated balance sheets. Intangible amortization expense from continuing operations related to such intangible assets was $0.5 million for the three months ended November 30, 2018 and 2017. Excluding goodwill, the Company did not have any significant intangible assets with indefinite lives as of November 30, 2018. In connection with acquisition of the Acquired Businesses, the Company recorded a preliminary unfavorable contract backlog liability of $133.6 million. Amortization of the backlog for the three months ended November 30, 2018 was $11.3 million and was recorded as an increase to net sales in the Company's unaudited condensed consolidated statement of earnings.

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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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