Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2023	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 4,511	$ 43,803
Accounts receivable, net of allowance for credit losses of $1,513 and $1,566	297,444	237,654
Inventories	298,979	315,189
Refundable income taxes	2,298	1,696
Prepaid expenses and other current assets	56,143	73,044
Total current assets	659,375	671,386
Property, plant and equipment, net of accumulated depreciation of $894,216 and $855,032	697,396	664,120
Operating lease right-of-use assets	118,399	122,413
Investments in joint ventures	10,120	12,841
Goodwill	268,595	255,198
Intangibles, net of accumulated amortization of $9,412 and $7,256	34,055	26,155
Deferred income taxes	22,695	24,598
Other assets	55,793	49,886
Total assets	1,866,428	1,826,597
Current liabilities:
Short-term borrowings	6,724	6,041
Accounts payable	209,795	217,689
Accrued payroll and related liabilities	29,018	59,702
Environmental liabilities	11,521	13,031
Operating lease liabilities	20,357	21,660
Accrued income taxes	1,074	3,856
Other accrued liabilities	63,667	59,594
Total current liabilities	342,156	381,573
Deferred income taxes	61,761	63,328
Long-term debt, net of current maturities	344,084	242,521
Environmental liabilities, net of current portion	54,340	55,469
Operating lease liabilities, net of current maturities	98,175	101,651
Other long-term liabilities	26,320	23,581
Total liabilities	926,836	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	23,287	22,975
Retained earnings	925,399	941,146
Accumulated other comprehensive loss	(40,185)	(37,089)
Total SSI shareholders’ equity	936,012	953,979
Noncontrolling interests	3,580	4,495
Total equity	939,592	958,474
Total liabilities and equity	1,866,428	1,826,597
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	27,311	26,747
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200