Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2022	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 17,823	$ 27,818
Accounts receivable, net of allowance for credit losses of $1,579 and $1,566	280,254	214,098
Inventories	323,931	256,427
Refundable income taxes	1,193	837
Prepaid expenses and other current assets	36,104	43,934
Total current assets	659,305	543,114
Property, plant and equipment, net of accumulated depreciation of $841,296 and $837,293	597,262	562,674
Operating lease right-of-use assets	126,155	131,221
Investments in joint ventures	13,009	12,844
Goodwill	232,537	170,304
Intangibles, net of accumulated amortization of $5,323 and $3,846	23,220	3,980
Deferred income taxes	25,982	27,561
Other assets	46,859	42,665
Total assets	1,724,329	1,494,363
Current liabilities:
Short-term borrowings	7,451	3,654
Accounts payable	191,418	179,917
Accrued payroll and related liabilities	33,693	69,622
Environmental liabilities	12,987	24,743
Operating lease liabilities	21,869	21,417
Accrued income taxes	2,436	3,521
Other accrued liabilities	59,317	49,976
Total current liabilities	329,171	352,850
Deferred income taxes	53,291	40,593
Long-term debt, net of current maturities	254,126	71,299
Environmental liabilities, net of current portion	54,844	52,385
Operating lease liabilities, net of current maturities	106,803	113,165
Other long-term liabilities	21,445	24,292
Total liabilities	819,680	654,584
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	40,821	49,074
Retained earnings	866,776	793,712
Accumulated other comprehensive loss	(34,438)	(34,554)
Total SSI shareholders’ equity	900,792	835,764
Noncontrolling interests	3,857	4,015
Total equity	904,649	839,779
Total liabilities and equity	1,724,329	1,494,363
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	27,433	27,332
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200