v3.26.1
GOODWILL AND OTHER INTANGIBLES
 9 Months Ended
May 31, 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— 261 23 284 
Acquisitions— 1,749,379 — 1,749,379 
Balance, May 31, 2026126,915 2,015,163 4,631 2,146,709 
Accumulated impairment
Balance, September 1, 2025(9,542)(493)(165)(10,200)
Foreign currency translation— — — — 
Balance, May 31, 2026(9,542)(493)(165)(10,200)
Goodwill, net
Balance, September 1, 2025117,373 265,030 4,443 386,846 
Foreign currency translation— 261 23 284 
Acquisitions— 1,749,379 — 1,749,379 
Balance, May 31, 2026$117,373 $2,014,670 $4,466 $2,136,509 

Other indefinite-lived intangible assets consisted of the following:

(in thousands)May 31, 2026August 31, 2025
Trade names$55,026 $54,813 
In-process research and development2,400 2,400 
Non-compete agreements750 750 
Total$58,176 $57,963 

The change in the balance of indefinite-lived intangible assets from August 31, 2025 to May 31, 2026 was due to foreign currency translation adjustments.
Finite-lived intangible assets subject to amortization are detailed in the following table:

 May 31, 2026August 31, 2025
(in thousands)Gross
Carrying Amount		Accumulated AmortizationNetGross
Carrying Amount		Accumulated AmortizationNet
Customer relationships$307,589 $42,055 $265,534 $75,304 $24,663 $50,641 
Developed technologies154,109 73,655 80,454 153,844 60,882 92,962 
Contract backlog79,000 37,479 41,521 — — — 
Trade names12,859 2,975 9,884 3,560 1,823 1,737 
Patents10,258 7,535 2,723 9,111 7,338 1,773 
Lease rights6,839 1,271 5,568 6,804 1,200 5,604 
Other2,524 2,512 12 2,524 2,389 135 
Total$573,178 $167,482 $405,696 $251,147 $98,295 $152,852 

The majority of the increases in customer relationship and trade name intangible assets, and the addition of the contract backlog intangible asset at May 31, 2026, as compared to August 31, 2025, are due to the Foley Acquisition and the CP&P Acquisition. 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 recorded in the condensed consolidated statements of earnings (loss) is as follows:

(in thousands)Three Months Ended May 31,Nine Months Ended May 31,
Primary Location2026202520262025
Cost of goods sold$24,479 $4,388 $50,615 $12,950 
Selling, general and administrative ("SG&A") expenses8,087 2,486 18,456 7,560 
Total$32,566 $6,874 $69,071 $20,510 

The increase in amortization expense during the three and nine months ended May 31, 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
$32,564 
202772,997 
202849,371 
202944,697 
203043,333