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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Aug. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The following table details the changes in the carrying amount of goodwill by reportable segment:
 
 
 
Americas
 
International
 
 
(in thousands)
 
Recycling
 
Mills
 
Fabrication
 
Mill
 
Marketing and Distribution
 
Consolidated
Balance at September 1, 2013
 


 


 


 


 

 

 
Goodwill
 
$
9,751

 
$
295

 
$
57,637

 
$
2,942

 
$
8,449

 
$
79,074

 
Accumulated impairment losses
 
(2,484
)
 

 
(493
)
 
(187
)
 
(6,331
)
 
(9,495
)
 
 
 
7,267

 
295

 
57,144

 
2,755

 
2,118

 
69,579

Acquisition
 

 
4,675

 

 

 

 
4,675

Translation
 

 

 

 
21

 
44

 
65

Balance at August 31, 2014
 

 


 


 


 

 

 
Goodwill
 
9,751

 
4,970

 
57,637

 
2,964

 
8,805

 
84,127

 
Accumulated impairment losses
 
(2,484
)
 

 
(493
)
 
(188
)
 
(6,643
)
 
(9,808
)
 
 
 
7,267

 
4,970

 
57,144

 
2,776

 
2,162

 
74,319

Impairment
 
(7,267
)
 

 

 

 

 
(7,267
)
Goodwill reclassified to assets held for sale (1)
 

 

 

 


 
(6,643
)
 
(6,643
)
Accumulated impairment losses reclassified to assets held for sale (1)
 

 

 

 


 
6,643

 
6,643

Translation
 

 

 

 
(419
)
 
(250
)
 
(669
)
Balance at August 31, 2015
 

 


 


 


 

 

 
Goodwill
 
9,751

 
4,970

 
57,637

 
2,517

 
1,912

 
76,787

 
Accumulated impairment losses
 
(9,751
)
 

 
(493
)
 
(160
)
 

 
(10,404
)
 
 
 
$

 
$
4,970

 
$
57,144

 
$
2,357

 
$
1,912

 
$
66,383


(1) Includes $1.6 million of goodwill and $1.6 million of accumulated goodwill impairment losses related to assets that were sold during the fourth quarter of fiscal 2015
Intangible assets subject to amortization
The following intangible assets subject to amortization are included in other noncurrent assets on the Company's consolidated balance sheets:
 
 
August 31, 2015
 
August 31, 2014
(in thousands)
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
Customer base
 
$
35,369

 
$
28,814

 
$
6,555

 
$
38,078

 
$
25,989

 
$
12,089

Favorable land leases
 
10,091

 
2,101

 
7,990

 
11,661

 
2,075

 
9,586

Non-competition agreements
 
1,629

 
217

 
1,412

 
779

 
40

 
739

Brand name
 
648

 
306

 
342

 
3,216

 
1,452

 
1,764

Other
 
101

 
52

 
49

 
101

 
45

 
56

Total
 
$
47,838

 
$
31,490

 
$
16,348

 
$
53,835

 
$
29,601

 
$
24,234

Estimated future amortization expense of intangible assets
Estimated amounts of amortization expense for the next five years are as follows:
 
 
 
Year Ended August 31,
 
(in thousands)
2016
 
$
4,136

2017
 
550

2018
 
1,043

2019
 
1,072

2020
 
862