XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 29, 2012
Aug. 31, 2011
Current assets:    
Cash and cash equivalents $ 51,720 $ 49,462
Accounts receivable, net of allowance for doubtful accounts of $6,603 and $6,148 210,083 229,975
Inventories, net 324,818 335,120
Deferred income taxes 11,274 11,784
Refundable income taxes 13,581 3,541
Prepaid expenses and other current assets 31,004 24,117
Total current assets 642,480 653,999
Property, plant and equipment, net of accumulated depreciation of $503,416 and $471,305 552,851 555,284
Investments in joint venture partnerships 17,654 17,208
Goodwill 628,079 627,805
Intangibles, net of accumulated amortization of $16,409 and $20,846 18,029 20,906
Other assets 14,694 14,967
Total assets 1,873,787 1,890,169
Current liabilities:    
Short-term borrowings 668 643
Accounts payable 115,415 141,011
Accrued payroll and related liabilities 22,040 36,475
Environmental liabilities 3,060 2,983
Accrued income taxes 3,836 13,833
Other accrued liabilities 41,521 38,368
Total current liabilities 186,540 233,313
Deferred income taxes 88,926 85,378
Long-term debt, net of current maturities 412,891 403,287
Environmental liabilities, net of current portion 37,569 37,872
Other long-term liabilities 9,562 10,030
Total liabilities 735,488 769,880
Commitments and contingencies (Note 7)      
Redeemable noncontrolling interest 21,176 19,053
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Preferred stock – 20,000 shares $1.00 par value authorized, none issued      
Additional paid-in capital 5,099 762
Retained earnings 1,079,528 1,065,109
Accumulated other comprehensive income (loss) (610) 1,540
Total SSI shareholders’ equity 1,111,307 1,094,712
Noncontrolling interests 5,816 6,524
Total equity 1,117,123 1,101,236
Total liabilities and equity 1,873,787 1,890,169
Common Class A [Member]
   
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Common stock, value 24,873 24,241
Common Class B [Member]
   
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Common stock, value $ 2,417 $ 3,060