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GOODWILL AND OTHER INTANGIBLES (Tables) | 6 Months Ended
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Feb. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | Goodwill by reportable segment is detailed in the table below:
(in thousands) |  | North America Steel Group |  | Europe Steel Group |  | Emerging Businesses Group |  | Consolidated
Goodwill, gross |  |  |  |  |  |  |  |
Balance, September 1, 2024 |  | $ | 126,915 |  |  | $ | 4,337 |  |  | $ | 264,568 |  |  | $ | 395,820 |
Foreign currency translation |  | — |  |  | (178) |  |  | (1,636) |  |  | (1,814) |
Balance, February 28, 2025 |  | 126,915 |  |  | 4,159 |  |  | 262,932 |  |  | 394,006 |
Accumulated impairment |  |  |  |  |  |  |  |
Balance, September 1, 2024 |  | (9,542) |  |  | (155) |  |  | (493) |  |  | (10,190) |
Foreign currency translation |  | — |  |  | 6 |  |  | — |  |  | 6 |
Balance, February 28, 2025 |  | (9,542) |  |  | (149) |  |  | (493) |  |  | (10,184) |
Goodwill, net |  |  |  |  |  |  |  |
Balance, September 1, 2024 |  | 117,373 |  |  | 4,182 |  |  | 264,075 |  |  | 385,630 |
Foreign currency translation |  | — |  |  | (172) |  |  | (1,636) |  |  | (1,808) |
Balance, February 28, 2025 |  | $ | 117,373 |  |  | $ | 4,010 |  |  | $ | 262,439 |  |  | $ | 383,822 |
Schedule of Indefinite-Lived Intangible Assets | Other indefinite-lived intangible assets consisted of the following:
(in thousands) |  | February 28, 2025 |  | August 31, 2024
Trade names |  | $ | 53,961 |  |  | $ | 54,531 |
In-process research and development |  | 2,400 |  |  | 2,400 |
Non-compete agreements |  | 750 |  |  | 750 |
Total |  | $ | 57,111 |  |  | $ | 57,681 |
Schedule of Finite-Lived Intangible Assets | Finite-lived intangible assets subject to amortization are detailed in the following table:
|  | February 28, 2025 |  | August 31, 2024
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Developed technologies |  | $ | 152,576 |  |  | $ | 51,795 |  |  | $ | 100,781 |  |  | $ | 152,659 |  |  | $ | 43,540 |  |  | $ | 109,119 |
Customer relationships |  | 74,524 |  |  | 20,188 |  |  | 54,336 |  |  | 75,000 |  |  | 16,118 |  |  | 58,882 |
Patents |  | 8,094 |  |  | 7,108 |  |  | 986 |  |  | 7,970 |  |  | 6,595 |  |  | 1,375 |
Perpetual lease rights |  | 6,142 |  |  | 1,044 |  |  | 5,098 |  |  | 6,404 |  |  | 1,049 |  |  | 5,355 |
Other |  | 5,986 |  |  | 3,837 |  |  | 2,149 |  |  | 5,937 |  |  | 3,480 |  |  | 2,457 |
Total |  | $ | 247,322 |  |  | $ | 83,972 |  |  | $ | 163,350 |  |  | $ | 247,970 |  |  | $ | 70,782 |  |  | $ | 177,188 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense for intangible assets through 2029 is as follows:
|  | (in thousands)
Remainder of 2025 |  | $ | 13,140 |
2026 |  | 25,540 |
2027 |  | 25,443 |
2028 |  | 23,716 |
2029 |  | 19,149 |

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