Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2017	Aug. 31, 2016
Current assets:
Cash and cash equivalents	$ 15,209	$ 26,819
Accounts receivable, net of allowance for doubtful accounts of $2,267 and $2,315	127,457	113,952
Inventories	165,832	132,972
Refundable income taxes	2,189	1,254
Prepaid expenses and other current assets	23,582	24,809
Total current assets	334,269	299,806
Property, plant and equipment, net of accumulated depreciation of $743,202 and $714,965	382,825	392,820
Investments in joint ventures	13,385	13,616
Goodwill	166,273	166,847
Intangibles, net of accumulated amortization of $3,775 and $3,457	4,599	4,931
Other assets	19,874	13,409
Total assets	921,225	891,429
Current liabilities:
Short-term borrowings	641	8,374
Accounts payable	69,411	58,439
Accrued payroll and related liabilities	34,876	29,116
Environmental liabilities	1,903	1,967
Other accrued liabilities	38,155	35,758
Total current liabilities	144,986	133,654
Deferred income taxes	18,565	16,682
Long-term debt, net of current maturities	183,802	184,144
Environmental liabilities, net of current portion	46,284	44,383
Other long-term liabilities	10,030	11,134
Total liabilities	403,667	389,997
Commitments and contingencies (Note 6)
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Preferred stock – 20,000 shares $1.00 par value authorized, none issued	0	0
Additional paid-in capital	36,577	30,948
Retained earnings	490,760	480,100
Accumulated other comprehensive loss	(41,322)	(40,115)
Total SSI shareholders’ equity	513,057	497,721
Noncontrolling interests	4,501	3,711
Total equity	517,558	501,432
Total liabilities and equity	921,225	891,429
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	26,842	26,482
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 306