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BUSINESS SEGMENTS (Tables)

3 Months Ended

Nov. 30, 2016

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following is a summary of certain financial information from continuing operations by reportable segment:

		Three Months Ended November 30, 2016
		Americas												International
(in thousands)		Recycling				Mills				Fabrication				Mill				Marketing and Distribution				Corporate				Eliminations				Continuing Operations
Net sales-unaffiliated customers		$	154,362			$	203,331			$	335,277			$	134,190			$	246,153			$	1,750			$	—			$	1,075,063
Intersegment sales		22,346				143,834				3,123				211				2,007				—				(171,521		)		—
Net sales		176,708				347,165				338,400				134,401				248,160				1,750				(171,521		)		1,075,063
Adjusted operating profit (loss) from continuing operations		(5,098		)		36,949				6,711				9,973				(966		)		(24,013		)		(204		)		23,352
Total assets as of November 30, 2016*		194,056				791,063				629,925				360,428				560,109				950,717				(484,859		)		3,001,439
		Three Months Ended November 30, 2015
		Americas												International
(in thousands)		Recycling				Mills				Fabrication				Mill				Marketing and Distribution				Corporate				Eliminations				Continuing Operations
Net sales-unaffiliated customers		$	154,836			$	217,641			$	379,481			$	120,448			$	280,062			$	2,391			$	—			$	1,154,859
Intersegment sales		24,371				166,891				2,833				—				2,975				—				(197,070		)		—
Net sales		179,207				384,532				382,314				120,448				283,037				2,391				(197,070		)		1,154,859
Adjusted operating profit (loss)		(6,548		)		59,064				21,345				2,771				(2,169		)		(18,072		)		(330		)		56,061
Total assets as of August 31, 2016*		188,873				798,481				659,165				372,492				564,068				1,034,053				(493,050		)		3,124,082

 _________________ 

* Excludes total assets from discontinued operations of $1.2 million at November 30, 2016 and $6.8 million at August 31, 2016.

Reconciliations of earnings from continuing operations to adjusted operating profit

Reconciliations of earnings from continuing operations to adjusted operating profit from continuing operations are provided below:

		Three Months Ended November 30,
(in thousands)		2016				2015
Earnings from continuing operations		$	7,174			$	25,633
Income taxes		2,653				11,772
Interest expense		13,298				18,304
Discounts on sales of accounts receivable		227				352
Adjusted operating profit from continuing operations		$	23,352			$	56,061

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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