XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Feb. 28, 2019
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:
(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
 
—

 
—

 
—

 
(56
)
 
(56
)
Impairment
 
—

 
—

 
—

 
—

 
—

Reclassification to assets of discontinued operations
 
—

 
—

 
—

 
—

 
—

Balance, February 28, 2019
 
$
9,543

 
$
4,970

 
$
57,428

 
$
2,512

 
$
74,453

 
 
 
 
 
 
 
 
 
 
 
Accumulated impairment losses
 
 
 
 
 
 
 
 
 
 
Balance, August 31, 2018
 
$
(9,543
)
 
$
—

 
$
(493
)
 
$
(163
)
 
$
(10,199
)
Foreign currency translation
 
—

 
—

 
—

 
3

 
3

Reclassification to assets of discontinued operations
 
—

 
—

 
—

 
—

 
—

Balance, February 28, 2019
 
$
(9,543
)
 
$
—

 
$
(493
)
 
$
(160
)
 
$
(10,196
)
 
 
 
 
 
 
 
 
 
 
 
Goodwill, net
 
 
 
 
 
 
 
 
 
 
Balance, August 31, 2018
 
$
—

 
$
4,970

 
$
56,935

 
$
2,405

 
$
64,310

Foreign currency translation
 
—

 
—

 
—

 
(53
)
 
(53
)
Impairment
 
—

 
—

 
—

 
—

 
—

Balance, February 28, 2019
 
$
—

 
$
4,970

 
$
56,935

 
$
2,352

 
$
64,257
Amortizable intangible assets and liabilities [Table Text Block]
The amortizable intangible assets (liabilities) acquired consisted of:
(in thousands, except life in years)
 
Life in Years
 
Estimated Fair Value Adjusted
Net unfavorable lease contracts
 
Various
 
$
(2,705
)
Unfavorable contract backlog
 
1-2 years*
 
$
(110,166
)
* Amortization will correspond with completion of the acquired contracts, which is estimated to occur over the next 1 to 2 years.