Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2019	Aug. 31, 2018
Current assets:
Cash and cash equivalents	$ 13,173	$ 4,723
Accounts receivable, net of allowance for doubtful accounts of $2,560 and $2,586	165,307	169,418
Inventories	198,565	205,877
Refundable income taxes	5,184	4,668
Prepaid expenses and other current assets	36,724	63,673
Total current assets	418,953	448,359
Property, plant and equipment, net of accumulated depreciation of $750,949 and $731,561	428,777	415,711
Investments in joint ventures	10,703	11,532
Goodwill	169,439	168,065
Intangibles, net of accumulated amortization of $2,867 and $3,476	4,117	4,358
Deferred income taxes	29,548	30,333
Other assets	25,715	26,459
Total assets	1,087,252	1,104,817
Current liabilities:
Short-term borrowings	1,215	1,139
Accounts payable	95,730	128,495
Accrued payroll and related liabilities	20,303	46,410
Environmental liabilities	9,908	6,682
Other accrued liabilities	43,794	71,951
Total current liabilities	170,950	254,677
Deferred income taxes	16,137	11,742
Long-term debt, net of current maturities	161,866	106,237
Environmental liabilities, net of current portion	43,306	47,150
Other long-term liabilities	14,146	14,901
Total liabilities	406,405	434,707
Commitments and contingencies (Note 5)
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	29,135	36,929
Retained earnings	658,424	639,684
Accumulated other comprehensive loss	(37,727)	(37,237)
Total SSI shareholders’ equity	676,607	666,078
Noncontrolling interests	4,240	4,032
Total equity	680,847	670,110
Total liabilities and equity	1,087,252	1,104,817
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	26,575	26,502
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200