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BUSINESS SEGMENTS (Tables)

12 Months Ended

Aug. 31, 2019

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following table summarizes certain financial information from continuing operations by reportable segment:

(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Continuing Operations
2019
Net sales-unaffiliated customers		$	908,451			$	1,882,994			$	2,209,671			$	815,723			$	12,163			$	5,829,002
Intersegment sales		238,095				1,185,280				13,708				1,325				(1,438,408		)		—
Net sales		1,146,546				3,068,274				2,223,379				817,048				(1,426,245		)		5,829,002
Adjusted EBITDA		42,124				545,215				(123,014		)		100,102				(140,342		)		424,085
Interest expense*		3,097				16,186				27,656				2,493				21,941				71,373
Capital expenditures		22,560				54,069				12,490				40,337				9,380				138,836
Depreciation and amortization		16,825				91,326				17,567				25,993				6,941				158,652
Impairment of assets		—				—				369				15				—				384
Total assets**		257,517				1,667,366				1,106,420				464,177				263,291				3,758,771
2018
Net sales-unaffiliated customers		$	1,117,714			$	1,204,181			$	1,416,572			$	885,919			$	19,337			$	4,643,723
Intersegment sales		247,715				792,722				11,310				1,119				(1,052,866		)		—
Net sales		1,365,429				1,996,903				1,427,882				887,038				(1,033,529		)		4,643,723
Adjusted EBITDA		68,694				301,805				(39,394		)		131,720				(110,604		)		352,221
Interest expense*		3,605				5,317				14,295				2,699				15,041				40,957
Capital expenditures		8,592				121,029				14,386				23,552				3,808				171,367
Depreciation and amortization		17,246				61,512				13,537				27,255				11,958				131,508
Impairment of assets		180				8				14,157				27				—				14,372
Total assets**		291,838				1,115,339				739,151				485,548				696,428				3,328,304
2017
Net sales-unaffiliated customers		$	865,462			$	917,689			$	1,364,826			$	636,402			$	59,690			$	3,844,069
Intersegment sales		146,038				647,765				11,102				871				(805,776		)		—
Net sales		1,011,500				1,565,454				1,375,928				637,273				(746,086		)		3,844,069
Adjusted EBITDA		33,541				224,183				27,259				76,068				(125,229		)		235,822
Interest expense*		2,979				(3,394		)		9,899				3,079				31,588				44,151
Capital expenditures		7,148				172,738				15,495				12,603				5,090				213,074
Depreciation and amortization		15,501				49,419				13,400				25,830				20,340				124,490
Impairment of assets		559				—				—				150				1,021				1,730
Total assets**		240,371				933,022				683,609				464,428				653,701				2,975,131

________________________

* Includes intercompany interest expense (income) in the segments, which is eliminated within Corporate and Other.

** Total assets listed in Corporate and Other includes assets from discontinued operations.

Reconciliations of earnings from continuing operations to adjusted operating profit

The following table presents a reconciliation of earnings from continuing operations to adjusted EBITDA from continuing operations:

		Year Ended August 31,
(in thousands)		2019				2018				2017
Earnings from continuing operations		$	198,779			$	135,237			$	50,175
Interest expense		71,373				40,957				44,151
Income taxes		69,681				30,147				15,276
Depreciation and amortization		158,652				131,508				124,490
Amortization of acquired unfavorable contract backlog		(74,784		)		—				—
Impairment of assets		384				14,372				1,730
Adjusted EBITDA from continuing operations		$	424,085			$	352,221			$	235,822

External net sales from continuing operations by geographic area

		Year Ended August 31,
(in thousands)		2019				2018				2017
Geographic area:
North America		$	4,843,985			$	3,535,499			$	3,015,481
Europe		833,627				892,452				666,396
Asia and other		151,390				215,772				162,192
Net sales		$	5,829,002			$	4,643,723			$	3,844,069

Long-lived assets by geographic area

The following table presents long-lived assets, net of accumulated depreciation and amortization, by geographic area:

		August 31,
(in thousands)		2019				2018				2017
United States		$	1,426,131			$	1,001,102			$	971,881
Europe and other		173,087				171,505				187,995
Total long-lived assets		$	1,599,218			$	1,172,607			$	1,159,876

X

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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