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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Aug. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Summarized quarterly financial data | Summarized quarterly financial data for fiscal 2016 and 2015 was as follows:
|  | Three Months Ended Fiscal 2016
(in thousands except per share data) |  | Nov. 30 |  | Feb. 29 |  | May 31 |  | Aug. 31
Net sales* |  | $ | 1,154,859 |  |  | $ | 1,019,697 |  |  | $ | 1,227,390 |  |  | $ | 1,208,580 |
Gross profit* |  | 157,617 |  |  | 134,821 |  |  | 175,480 |  |  | 168,095 |
Net earnings (loss) attributable to CMC |  | 25,063 |  |  | 10,502 |  |  | 19,328 |  |  | (131 | )
Basic EPS attributable to CMC |  | 0.22 |  |  | 0.09 |  |  | 0.17 |  |  | 0.00 |
Diluted EPS attributable to CMC |  | 0.21 |  |  | 0.09 |  |  | 0.17 |  |  | 0.00 |
|  | Three Months Ended Fiscal 2015
(in thousands except per share data) |  | Nov. 30 |  | Feb. 28 |  | May 31 |  | Aug. 31
Net sales* |  | $ | 1,679,990 |  |  | $ | 1,391,117 |  |  | $ | 1,506,002 |  |  | $ | 1,411,496 |
Gross profit* |  | 179,923 |  |  | 147,075 |  |  | 192,148 |  |  | 157,703 |
Net earnings attributable to CMC |  | 32,184 |  |  | 6,197 |  |  | 28,709 |  |  | 12,353 |
Effect of change in accounting principle on basic EPS attributable to CMC** |  | (0.04 | ) |  | (0.41 | ) |  | (0.24 | ) |  | 0.16 |
Basic EPS attributable to CMC |  | 0.27 |  |  | 0.05 |  |  | 0.25 |  |  | 0.11 |
Effect of change in accounting principle on diluted EPS attributable to CMC** |  | (0.03 | ) |  | (0.41 | ) |  | (0.24 | ) |  | 0.16 |
Diluted EPS attributable to CMC |  | 0.27 |  |  | 0.05 |  |  | 0.25 |  |  | 0.11 |
_________________________ * Excludes divisions classified as discontinued operations. See Note 10, Businesses Held for Sale, Discontinued Operations and Dispositions. ** Represents the effect of the retrospective application of the change in accounting principle from LIFO to weighted average cost or specific identification. See Note 2, Summary of Significant Accounting Policies.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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