Business Acquisitions (Tables)

9 Months Ended

May 31, 2023

Scrapsource

Business Acquisition [Line Items]

Summary of Provisional Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values of assets acquired and liabilities assumed by the Company as of the November 18, 2022 acquisition date (in thousands):

Operating lease right-of-use assets	$	466
Goodwill(1)		13,105
Other intangible assets		11,955
Other assets		9
Total assets acquired		25,535
Operating lease liability		466
Total liabilities assumed		466
Net assets acquired	$	25,069

(1)All of the provisional amount of acquired goodwill is tax deductible.

Summary of Provisional Purchase Price Allocation to Identifiable Intangible Assets and Estimated Useful Lives

The following table summarizes the provisional purchase price allocation to the identifiable intangible assets and their estimated useful lives as of the November 18, 2022 acquisition date (in thousands):

			Useful Life
Supplier relationships	$	10,375	6
Non-compete intangible assets		1,360	5
Customer relationships		220	6
	$	11,955

Columbus Recycling and Encore Recycling

Business Acquisition [Line Items]

Summary of Unaudited Pro Forma Information

	Three Months Ended May 31,		Nine Months Ended May 31,
	2022		2022
Revenues	$	1,029,000	$	2,671,500
Net income	$	79,000	$	173,000
Net income attributable to SSI shareholders	$	78,000	$	170,500