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BUSINESS SEGMENTS (Tables)

3 Months Ended

Nov. 30, 2017

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, 2017
		Americas												International
(in thousands)		Recycling				Mills				Fabrication				Mill				Marketing and Distribution				Corporate				Eliminations				Continuing Operations
Net sales-unaffiliated customers		$	274,330			$	246,733			$	330,552			$	220,200			$	162,506			$	4,198			$	—			$	1,238,519
Intersegment sales		45,004				166,785				2,227				267				792				—				(215,075		)		—
Net sales		319,334				413,518				332,779				220,467				163,298				4,198				(215,075		)		1,238,519
Adjusted operating profit (loss) from continuing operations		9,928				40,764				(4,782		)		23,393				10,531				(21,168		)		(1,569		)		57,097
Total assets as of November 30, 2017*		284,905				1,008,618				671,457				461,021				302,051				661,769				(508,840		)		2,880,981
		Three Months ended November 30, 2016
		Americas												International
		Recycling				Mills				Fabrication				Mill				Marketing and Distribution				Corporate				Eliminations				Continuing Operations
Net sales-unaffiliated customers		$	154,362			$	203,331			$	335,277			$	134,190			$	165,181			$	1,750			$	—			$	994,091
Intersegment sales		22,346				143,834				3,123				211				1,656				—				(171,170		)		—
Net sales		176,708				347,165				338,400				134,401				166,837				1,750				(171,170		)		994,091
Adjusted operating profit (loss) from continuing operations		(5,098		)		36,949				6,711				9,973				(3,758		)		(24,013		)		(209		)		20,555
Total assets as of August 31, 2017*		234,350				933,022				683,609				462,190				351,716				677,691				(394,006		)		2,948,572

 _________________ 

* Excludes total assets from discontinued operations of $17.6 million at November 30, 2017 and $26.6 million at August 31, 2017.

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)		2017				2016
Earnings from continuing operations		$	38,536			$	4,936
Income taxes		11,778				2,100
Interest expense		6,525				13,292
Discounts on sales of accounts receivable		258				227
Adjusted operating profit from continuing operations		$	57,097			$	20,555

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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-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
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-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

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-Name Accounting Standards Codification
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