Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Current assets:
Cash and cash equivalents	$ 11,216	$ 4,723
Accounts receivable, net of allowance for doubtful accounts of $2,573 and $2,586	193,439	169,418
Inventories	200,562	205,877
Refundable income taxes	3,664	4,668
Prepaid expenses and other current assets	37,791	63,673
Total current assets	446,672	448,359
Property, plant and equipment, net of accumulated depreciation of $741,693 and $731,561	422,686	415,711
Investments in joint ventures	11,855	11,532
Goodwill	167,693	168,065
Intangibles, net of accumulated amortization of $3,647 and $3,476	4,187	4,358
Deferred income taxes	29,476	30,333
Other assets	26,635	26,459
Total assets	1,109,204	1,104,817
Current liabilities:
Short-term borrowings	1,156	1,139
Accounts payable	110,235	128,495
Accrued payroll and related liabilities	19,347	46,410
Environmental liabilities	10,812	6,682
Other accrued liabilities	52,478	71,951
Total current liabilities	194,028	254,677
Deferred income taxes	14,470	11,742
Long-term debt, net of current maturities	167,394	106,237
Environmental liabilities, net of current portion	42,789	47,150
Other long-term liabilities	14,540	14,901
Total liabilities	433,221	434,707
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	32,592	36,929
Retained earnings	650,695	639,684
Accumulated other comprehensive loss	(38,399)	(37,237)
Total SSI shareholders’ equity	671,914	666,078
Noncontrolling interests	4,069	4,032
Total equity	675,983	670,110
Total liabilities and equity	1,109,204	1,104,817
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	26,826	26,502
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200