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GOODWILL AND OTHER INTANGIBLES
 3 Months Ended
Nov. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangibles
NOTE 6. GOODWILL AND OTHER INTANGIBLES

Goodwill by reportable segment at November 30, 2019 is detailed in the following table:
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Consolidated
Goodwill, gross*
 
$
9,543

 
$
4,970

 
$
57,428

 
$
2,426

 
$
74,367

Accumulated impairment losses*
 
(9,543
)
 
—

 
(493
)
 
(153
)
 
(10,189
)
Goodwill, net*
 
$
—

 
$
4,970

 
$
56,935

 
$
2,273

 
$
64,178

_________________ 
* The change in balance from August 31, 2019 was immaterial.

The total gross carrying amounts of the Company's intangible assets subject to amortization were $21.0 million and $20.8 million, and the total net carrying amount was $12.8 million and $13.3 million at November 30, 2019 and August 31, 2019, respectively. These assets were included in other noncurrent assets on the Company's condensed consolidated balance sheets. Intangible amortization expense from continuing operations related to such intangible assets was $0.5 million for the three months ended November 30, 2019 and 2018. Excluding goodwill, the Company did not have any significant intangible assets with indefinite lives at November 30, 2019.

In connection with the Acquisition, the Company recorded an unfavorable contract backlog liability of $110.2 million. At November 30, 2019 and August 31, 2019, the net carrying amount of the liability was $26.9 million and $35.4 million, respectively. Amortization of the unfavorable contract backlog for the three months ended November 30, 2019 and 2018 was $8.3 million and $11.3 million, respectively, and was recorded as an increase to net sales in the Company’s condensed consolidated statements of earnings.