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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
Goodwill by reportable segment is detailed in the following table:
(in thousands)North AmericaEuropeNorth America Steel GroupEurope Steel GroupEmerging Businesses GroupConsolidated
Goodwill, gross:
Balance, September 1, 2022$216,059 $43,115 $— $— $— $259,174 
Acquisitions135,382 — — — — 135,382 
Foreign currency translation— 1,446 — — — 1,446 
Balance at August 31, 2023351,441 44,561 — — — 396,002 
Segment reassignment(351,441)(44,561)126,915 4,075 265,012 — 
Acquisition adjustments(1)
— — — — (1,808)(1,808)
Foreign currency translation— — — 262 1,364 1,626 
Balance at August 31, 2024— — 126,915 4,337 264,568 395,820 
Accumulated impairment:
Balance, September 1, 2022(10,036)(129)— — — (10,165)
Foreign currency translation— (16)— — — (16)
Balance at August 31, 2023(10,036)(145)— — — (10,181)
Segment reassignment10,036 145 (9,542)(146)(493)— 
Foreign currency translation— — — (9)— (9)
Balance at August 31, 2024— — (9,542)(155)(493)(10,190)
Goodwill, net:
Balance, September 1, 2022206,023 42,986 — — — 249,009 
Acquisitions135,382 — — — — 135,382 
Foreign currency translation— 1,430 — — — 1,430 
Balance at August 31, 2023341,405 44,416 — — — 385,821 
Segment reassignment(341,405)(44,416)117,373 3,929 264,519 — 
Acquisition adjustments(1)
— — — — (1,808)(1,808)
Foreign currency translation— — — 253 1,364 1,617 
Balance at August 31, 2024$— $— $117,373 $4,182 $264,075 $385,630 
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(1) Measurement period adjustments related to the 2023 Acquisitions which impacted the amount of goodwill originally reported.
Schedule of Indefinite-Lived Intangible Assets
Other indefinite-lived intangible assets consisted of the following:
(in thousands)August 31, 2024August 31, 2023
Trade names$54,531 $54,056 
In-process research and development2,400 2,400 
Non-compete agreements750 750 
Total$57,681 $57,206 
Intangible assets subject to amortization
Other intangible assets subject to amortization are detailed in the following table:
 August 31, 2024August 31, 2023
(in thousands)Gross
Carrying Amount		Accumulated AmortizationNetGross
Carrying Amount		Accumulated AmortizationNet
Developed technologies$152,659 $43,540 $109,119 $150,445 $25,228 $125,217 
Customer relationships75,000 16,118 58,882 74,582 7,606 66,976 
Patents7,970 6,595 1,375 7,203 5,570 1,633 
Perpetual lease rights6,404 1,049 5,355 5,984 910 5,074 
Trade names3,413 1,474 1,939 3,287 1,129 2,158 
Non-compete agreements2,300 1,859 441 2,300 1,502 798 
Other224 147 77 224 125 99 
Total$247,970 $70,782 $177,188 $244,025 $42,070 $201,955 
Estimated future amortization expense of intangible assets Estimated amortization expense for the next five years is as follows:
Year Ended August 31,(in thousands)
2025$26,821 
202625,596 
202725,499 
202823,772 
202919,178