Business Acquisitions (Tables)

12 Months Ended

Aug. 31, 2024

ScrapSource

Business Acquisition [Line Items]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the 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 acquired goodwill is tax deductible.

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

The following table summarizes the 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

The following unaudited pro forma information presents the effect on the consolidated financial results of the Company of the Columbus Recycling and Encore Recycling businesses acquired during fiscal 2022 as though the businesses had been acquired as of the beginning of fiscal 2021 (in thousands):

	Year Ended August 31,
	2022
Revenues	$	3,566,000
Net income	$	184,500
Net income attributable to Radius shareholders	$	181,000