Business Acquisitions (Tables)

12 Months Ended

Aug. 31, 2023

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 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 Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the aggregate fair values of the assets acquired and liabilities assumed by the Company in the fiscal 2022 business acquisitions as of their respective acquisition dates (in thousands):

	Columbus Recycling		Encore Recycling
	October 1, 2021		April 29, 2022
Cash	$	325	$	—
Accounts receivable		22,763		10,356
Inventories		10,060		4,325
Other current assets		255		15
Property, plant and equipment		13,491		25,027
Operating lease right-of-use assets		254		402
Goodwill(1)		65,203		21,423
Other intangible assets		19,741		4,809
Total assets acquired		132,092		66,357
Current liabilities		11,828		1,323
Other liabilities		3,350		1,091
Total liabilities assumed		15,178		2,414
Net assets acquired	$	116,914	$	63,943

(1)Approximately $62 million and $20 million of the amount of acquired goodwill for Columbus Recycling and Encore Recycling, respectively, are tax deductible.

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

The following table summarizes the purchase price allocation to the identifiable intangible assets of Columbus Recycling and Encore Recycling combined and their estimated useful lives as of their respective acquisition dates (in thousands):

	Columbus Recycling			Encore Recycling
			Useful Life			Useful Life
Supplier relationships	$	17,245	7	$	3,679	7
Customer relationships		2,496	7		1,130	7
	$	19,741		$	4,809

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		2021
Revenues	$	3,566,000	$	2,989,000
Net income	$	184,500	$	179,000
Net income attributable to Radius shareholders	$	181,000	$	174,500