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BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Nov. 30, 2018
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, 2018
(in thousands) |  | Americas Recycling |  | Americas Mills |  | Americas Fabrication |  | International Mill |  | Corporate and Other |  | Continuing Operations
Net sales-unaffiliated customers |  | $ | 240,181 |  |  | $ | 373,671 |  |  | $ | 434,558 |  |  | $ | 226,673 |  |  | $ | 2,259 |  |  | $ | 1,277,342 |
Intersegment sales |  | 61,828 |  |  | 228,182 |  |  | 2,553 |  |  | 351 |  |  | (292,914 | ) |  | — |
Net sales |  | 302,009 |  |  | 601,853 |  |  | 437,111 |  |  | 227,024 |  |  | (290,655 | ) |  | 1,277,342 |
Adjusted EBITDA from continuing operations |  | 15,434 |  |  | 113,873 |  |  | (36,996 | ) |  | 32,779 |  |  | (59,554 | ) |  | 65,536 |
Total assets as of November 30, 2018* |  | 264,142 |  |  | 1,701,353 |  |  | 1,145,705 |  |  | 501,886 |  |  | 95,564 |  |  | 3,708,650 |
* Total assets listed in Corporate and Other includes assets from discontinued operations.
|  | Three Months Ended November 30, 2017
(in thousands) |  | Americas Recycling |  | Americas Mills |  | Americas Fabrication |  | International Mill |  | Corporate and Other |  | Continuing Operations
Net sales-unaffiliated customers |  | $ | 274,337 |  |  | $ | 246,733 |  |  | $ | 330,552 |  |  | $ | 220,212 |  |  | $ | 4,699 |  |  | $ | 1,076,533 |
Intersegment sales |  | 45,004 |  |  | 166,785 |  |  | 2,227 |  |  | 266 |  |  | (214,282 | ) |  | — |
Net sales |  | 319,341 |  |  | 413,518 |  |  | 332,779 |  |  | 220,478 |  |  | (209,583 | ) |  | 1,076,533 |
Adjusted EBITDA from continuing operations |  | 15,005 |  |  | 55,166 |  |  | 2,032 |  |  | 30,944 |  |  | (23,880 | ) |  | 79,267 |
Total assets as of August 31, 2018* |  | 291,838 |  |  | 1,115,339 |  |  | 739,151 |  |  | 485,548 |  |  | 696,428 |  |  | 3,328,304 |
* 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:
|  | Three Months Ended November 30,
(in thousands) |  | 2018 |  | 2017
Earnings from continuing operations |  | $ | 19,420 |  |  | $ | 31,871 |
Interest expense |  | 16,663 |  |  | 6,611 |
Income taxes |  | 5,609 |  |  | 8,425 |
Depreciation and amortization |  | 35,176 |  |  | 31,899 |
Amortization of acquired unfavorable contract backlog |  | (11,332 | ) |  | — |
Impairment of assets |  | — |  |  | 461 |
Adjusted EBITDA from continuing operations |  | $ | 65,536 |  |  | $ | 79,267 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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