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SALES OF ACCOUNTS RECEIVABLE (Tables)
3 Months Ended
Nov. 30, 2017
Transfers and Servicing [Abstract]  
Activity of the deferred purchase price receivables
The following tables summarize the activity of the deferred purchase price receivables for the U.S. and international sale of trade accounts receivable programs:

 
 
Three Months Ended November 30, 2017
(in thousands)
 
Total
 
U.S.
 
Poland
Beginning balance
 
$
215,123

 
$
135,623

 
$
79,500

Transfers of accounts receivable
 
656,642

 
535,893

 
120,749

Collections
 
(578,389
)
 
(450,482
)
 
(127,907
)
Ending balance
 
$
293,376

 
$
221,034

 
$
72,342

 
 
 
Three Months Ended November 30, 2016
(in thousands)
 
Total
 
U.S.*
 
Australia**
 
Poland
Beginning balance
 
$
289,748

 
$
212,762

 
$
26,662

 
$
50,324

Transfers of accounts receivable
 
556,964

 
470,145

 
16,914

 
69,905

Collections
 
(551,274
)
 
(467,190
)
 
(9,659
)
 
(74,425
)
Exit from programs
 
(33,917
)
 

 
(33,917
)
 

Ending balance
 
$
261,521

 
$
215,717

 
$

 
$
45,804

_________________
* Includes the sale of trade accounts receivable activities related to the CMC Cometals discontinued operation. See Note 2, Changes in Business, for further discussion. For the three months ended November 30, 2016, there were transfers of trade accounts receivable of $33.9 million and collections were $39.5 million.

** Includes the sale of trade accounts receivable activities related to the Australian steel distribution business discontinued operation. For the three months ended November 30, 2016, there were no transfers of trade accounts receivable, collections were $3.7 million and redemptions of trade accounts receivable associated with the exit from the program were $1.6 million.