XML 53 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Aug. 31, 2017
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
Goodwill, gross
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2015
 
$
9,751

 
$
4,970

 
$
57,637

 
$
2,517

 
$
1,912

 
$
76,787

 
Foreign currency translation
 

 

 

 
(85
)
 
70

 
(15
)
Balance at August 31, 2016
 
9,751

 
4,970

 
57,637

 
2,432

 
1,982

 
76,772

 
Acquisitions
 

 

 
306

 

 

 
306

 
Foreign currency translation
 

 

 

 
232

 

 
232

Balance at August 31, 2017
 
$
9,751

 
$
4,970

 
$
57,943

 
$
2,664

 
$
1,982

 
$
77,310

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated impairment losses
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2015
 
$
(9,751
)
 
$

 
$
(493
)
 
$
(160
)
 
$

 
$
(10,404
)
 
Foreign currency translation
 

 

 

 
5

 

 
5

Balance at August 31, 2016
 
(9,751
)
 

 
(493
)
 
(155
)
 

 
(10,399
)
 
Foreign currency translation
 

 

 

 
(14
)
 

 
(14
)
 
Impairment
 

 

 

 

 
(1,982
)
 
(1,982
)
Balance at August 31, 2017
 
$
(9,751
)
 
$

 
$
(493
)
 
$
(169
)
 
$
(1,982
)
 
$
(12,395
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill, net
 
 
 
 
 
 
 
 
 
 
 
 
Balance at September 1, 2015
 
$

 
$
4,970

 
$
57,144

 
$
2,357

 
$
1,912

 
$
66,383

 
Foreign currency translation
 

 

 

 
(80
)
 
70

 
(10
)
Balance at August 31, 2016
 

 
4,970

 
57,144

 
2,277

 
1,982

 
66,373

 
Acquisitions
 

 

 
306

 

 

 
306

 
Foreign currency translation
 

 

 

 
218

 

 
218

 
Impairment
 

 

 

 

 
(1,982
)
 
(1,982
)
Balance at August 31, 2017
 
$

 
$
4,970

 
$
57,450

 
$
2,495

 
$

 
$
64,915



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, 2017
 
August 31, 2016
(in thousands)
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
 
Gross
Carrying Amount
 
Accumulated Amortization
 
Net
Customer base
 
$
6,334

 
$
2,660

 
$
3,674

 
$
6,160

 
$
2,714

 
$
3,446

Favorable land leases
 
10,189

 
2,849

 
7,340

 
10,081

 
2,518

 
7,563

Non-competition agreements
 
1,750

 
578

 
1,172

 
1,600

 
371

 
1,229

Brand name
 
1,328

 
770

 
558

 
628

 
328

 
300

Other
 
101

 
65

 
36

 
101

 
58

 
43

Total
 
$
19,702

 
$
6,922

 
$
12,780

 
$
18,570

 
$
5,989

 
$
12,581

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)
2018
 
$
1,578

2019
 
1,342

2020
 
1,105

2021
 
1,082

2022
 
804