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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Nov. 30, 2013
Aug. 31, 2013
Current assets:    
Cash and cash equivalents $ 29,934 $ 13,481
Accounts receivable, net of allowance for doubtful accounts of $3,094 and $2,990 125,975 188,270
Inventories, net 280,100 236,049
Deferred income taxes 3,749 3,750
Refundable income taxes 5,073 3,521
Prepaid expenses and other current assets 21,076 22,159
Total current assets 465,907 467,230
Property, plant and equipment, net of accumulated depreciation of $615,464 and $597,989 554,010 564,426
Investments in joint venture partnerships 14,530 14,808
Goodwill 327,215 327,264
Intangibles, net of accumulated amortization of $15,215 and $14,139 12,233 13,264
Other assets 18,224 18,520
Total assets 1,392,119 1,405,512
Current liabilities:    
Short-term borrowings 613 9,174
Accounts payable 85,851 96,348
Accrued payroll and related liabilities 19,784 24,002
Environmental liabilities 943 754
Accrued income taxes 0 388
Other accrued liabilities 33,108 35,468
Total current liabilities 140,299 166,134
Deferred income taxes 22,953 22,929
Long-term debt, net of current maturities 393,426 372,663
Environmental liabilities, net of current portion 48,804 49,040
Other long-term liabilities 14,366 13,547
Total liabilities 619,848 624,313
Commitments and contingencies (Note 5)      
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Preferred stock – 20,000 shares $1.00 par value authorized, none issued      
Additional paid-in capital 10,103 7,476
Retained earnings 740,649 751,879
Accumulated other comprehensive loss (10,087) (9,361)
Total SSI shareholders’ equity 767,264 776,558
Noncontrolling interests 5,007 4,641
Total equity 772,271 781,199
Total liabilities and equity 1,392,119 1,405,512
Class A Common Stock [Member]
   
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Common stock, value 26,293 26,171
Class B Common Stock [Member]
   
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:    
Common stock, value $ 306 $ 393