v3.26.1
GOODWILL AND OTHER INTANGIBLES
 6 Months Ended
Feb. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangibles
NOTE 6. GOODWILL AND OTHER INTANGIBLES

Goodwill by reportable segment is detailed in the table below:

(in thousands)North America Steel GroupConstruction Solutions GroupEurope Steel GroupConsolidated
Goodwill, gross
Balance, September 1, 2025$126,915 $265,523 $4,608 $397,046 
Foreign currency translation— 223 94 317 
Acquisitions— 1,747,564 — 1,747,564 
Balance, February 28, 2026126,915 2,013,310 4,702 2,144,927 
Accumulated impairment
Balance, September 1, 2025(9,542)(493)(165)(10,200)
Foreign currency translation— — (3)(3)
Balance, February 28, 2026(9,542)(493)(168)(10,203)
Goodwill, net
Balance, September 1, 2025117,373 265,030 4,443 386,846 
Foreign currency translation— 223 91 314 
Acquisitions— 1,747,564 — 1,747,564 
Balance, February 28, 2026$117,373 $2,012,817 $4,534 $2,134,724 

Other indefinite-lived intangible assets consisted of the following:
(in thousands)February 28, 2026August 31, 2025
Trade names$54,978 $54,813 
In-process research and development2,400 2,400 
Non-compete agreements750 750 
Total$58,128 $57,963 

The change in the balance of indefinite-lived intangible assets from August 31, 2025 to February 28, 2026 was due to foreign currency translation adjustments.
Finite-lived intangible assets subject to amortization are detailed in the following table:
 February 28, 2026August 31, 2025
(in thousands)Gross
Carrying Amount		Accumulated AmortizationNetGross
Carrying Amount		Accumulated AmortizationNet
Developed technologies$154,096 $69,406 $84,690 $153,844 $60,882 $92,962 
Customer relationships307,589 34,145 273,444 75,304 24,663 50,641 
Patents9,849 7,458 2,391 9,111 7,338 1,773 
Lease rights6,943 1,268 5,675 6,804 1,200 5,604 
Trade names12,811 2,420 10,391 3,560 1,823 1,737 
Contract backlog79,000 17,729 61,271 — — — 
Other2,524 2,503 21 2,524 2,389 135 
Total$572,812 $134,929 $437,883 $251,147 $98,295 $152,852 

The majority of the increase in customer relationship and trade name intangible assets, and the addition of the contract backlog intangible asset, at February 28, 2026 as compared to August 31, 2025, are due to the Foley and CP&P Acquisitions. For more information on these acquisitions, see Note 2, Acquisitions. The foreign currency translation adjustments for intangible assets subject to amortization were immaterial for all periods presented above.

Amortization expense for intangible assets was $29.9 million and $36.5 million in the three and six months ended February 28, 2026, respectively, of which $22.0 million and $26.1 million, respectively, was recorded in cost of goods sold and the remainder was recorded in selling, general and administrative ("SG&A") expenses in the condensed consolidated statements of earnings (loss). Amortization expense for intangible assets was $6.8 million and $13.6 million in the three and six months ended February 28, 2025, respectively, of which $4.3 million and $8.6 million, respectively, was recorded in cost of goods sold and the remainder was recorded in SG&A expenses in the condensed consolidated statements of earnings (loss). The increase in amortization expense during the three and six months ended February 28, 2026, is primarily a result of the purchase of Foley and CP&P as outlined further in Note 2, Acquisitions.

Estimated amortization expense for intangible assets through 2030 is as follows:
(in thousands)
Remainder of 2026
$65,109 
202772,959 
202849,334 
202944,659 
203043,294