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REVENUE RECOGNITION (Tables)

12 Months Ended

Aug. 31, 2019

Revenue from Contract with Customer [Abstract]

Information about Assets and Liabilities from Contracts with Customers

The following table provides information about assets and liabilities from contracts with customers.

		Year Ended August 31,
(in thousands)		2019				2018
Contract assets (included in other current assets)		$	103,805			$	49,221
Contract liabilities (included in accrued expenses and other payables)		37,165				6,679

Disaggregation of Revenue

The following tables display revenue by reportable segment from external customers, disaggregated by major source. The Company believes disaggregating by these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

		Year Ended August 31, 2019
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	814			$	1,763,017			$	1,936,994			$	780,797			$	—			$	4,481,622
Ferrous scrap		412,456				33,716				8				1,350				—				447,530
Nonferrous scrap		493,225				14,453				—				11,009				—				518,687
Construction materials		—				—				259,685				—				—				259,685
Other		1,956				71,808				12,984				22,567				12,163				121,478
Total		$	908,451			$	1,882,994			$	2,209,671			$	815,723			$	12,163			$	5,829,002

		Year Ended August 31, 2018*
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	1,166			$	1,099,286			$	1,160,373			$	853,402			$	—			$	3,114,227
Ferrous scrap		516,133				33,154				27				1,288				—				550,602
Nonferrous scrap		598,970				17,714				—				13,925				—				630,609
Construction materials		—				—				249,538				—				—				249,538
Other		1,445				54,027				6,634				17,304				19,337				98,747
Total		$	1,117,714			$	1,204,181			$	1,416,572			$	885,919			$	19,337			$	4,643,723

		Year Ended August 31, 2017*
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	470			$	825,778			$	1,126,919			$	603,925			$	27,267			$	2,584,359
Ferrous scrap		383,164				29,193				4				1,080				—				413,441
Nonferrous scrap		480,676				15,917				—				9,627				—				506,220
Construction materials		—				—				228,910				—				—				228,910
Other		1,152				46,801				8,993				21,770				32,423				111,139
Total		$	865,462			$	917,689			$	1,364,826			$	636,402			$	59,690			$	3,844,069

_________________

* Prior period amounts have been reported under ASC 605.

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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