Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2023	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 11,459	$ 43,803
Accounts receivable, net of allowance for credit losses of $1,744 and $1,566	240,632	237,654
Inventories	286,733	315,189
Refundable income taxes	2,219	1,696
Prepaid expenses and other current assets	52,447	73,044
Total current assets	593,490	671,386
Property, plant and equipment, net of accumulated depreciation of $882,121 and $855,032	689,374	664,120
Operating lease right-of-use assets	112,600	122,413
Investments in joint ventures	11,681	12,841
Goodwill	268,497	255,198
Intangibles, net of accumulated amortization of $9,412 and $7,256	35,570	26,155
Deferred income taxes	22,254	24,598
Other assets	47,629	49,886
Total assets	1,781,095	1,826,597
Current liabilities:
Short-term borrowings	6,527	6,041
Accounts payable	212,598	217,689
Accrued payroll and related liabilities	26,045	59,702
Environmental liabilities	8,495	13,031
Operating lease liabilities	20,601	21,660
Accrued income taxes	763	3,856
Other accrued liabilities	46,186	59,594
Total current liabilities	321,215	381,573
Deferred income taxes	55,968	63,328
Long-term debt, net of current maturities	303,552	242,521
Environmental liabilities, net of current portion	54,980	55,469
Operating lease liabilities, net of current maturities	93,074	101,651
Other long-term liabilities	23,868	23,581
Total liabilities	852,657	868,123
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	20,831	22,975
Retained earnings	917,266	941,146
Accumulated other comprehensive loss	(40,605)	(37,089)
Total SSI shareholders’ equity	924,947	953,979
Noncontrolling interests	3,491	4,495
Total equity	928,438	958,474
Total liabilities and equity	1,781,095	1,826,597
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	27,255	26,747
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200