Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2016	Aug. 31, 2015
Current assets:
Cash and cash equivalents	$ 8,940	$ 22,755
Accounts receivable, net of allowance for doubtful accounts of $2,345 and $2,496	81,159	111,492
Inventories	146,030	156,532
Deferred income taxes	0	2,792
Refundable income taxes	7,123	7,263
Prepaid expenses and other current assets	17,720	21,531
Total current assets	260,972	322,365
Property, plant and equipment, net of accumulated depreciation of $703,561 and $679,035	393,768	427,554
Investments in joint ventures	12,699	15,320
Goodwill	166,276	175,676
Intangibles, net of accumulated amortization of $3,788 and $6,918	5,477	6,353
Other assets	12,981	15,031
Total assets	852,173	962,299
Current liabilities:
Short-term borrowings	620	584
Accounts payable	53,083	57,105
Accrued payroll and related liabilities	16,658	25,478
Environmental liabilities	882	924
Accrued income taxes	0	148
Other accrued liabilities	34,090	36,207
Total current liabilities	105,333	120,446
Deferred income taxes	16,933	19,138
Long-term debt, net of current maturities	197,219	227,572
Environmental liabilities, net of current portion	44,894	45,869
Other long-term liabilities	10,722	10,723
Total liabilities	$ 375,101	$ 423,748
Commitments and contingencies (Note 6)
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	23,494	26,211
Retained earnings	463,257	520,066
Accumulated other comprehensive loss	(40,078)	(38,522)
Total SSI shareholders’ equity	473,423	534,535
Noncontrolling interests	3,649	4,016
Total equity	477,072	538,551
Total liabilities and equity	852,173	962,299
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	26,444	26,474
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 306	$ 306