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REVENUE RECOGNITION (Tables)

3 Months Ended

Nov. 30, 2018

Revenue from Contract with Customer [Abstract]

Information avout Assets and Liabilities from Contracts with Customers

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

(in thousands)		November 30, 2018				August 31, 2018
Contract assets (included in other current assets)		$	70,455			$	49,221
Contract liabilities (included in accrued expenses and other payables)		23,716				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.

		Three Months Ended November 30, 2018
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	239			$	347,965			$	374,807			$	217,770			$	—			$	940,781
Ferrous scrap		111,654				9,142				—				275				—				121,071
Nonferrous scrap		128,075				3,180				—				2,941				—				134,196
Construction materials		—				—				57,171				—				—				57,171
Other		213				13,384				2,580				5,687				2,259				24,123
Total		$	240,181			$	373,671			$	434,558			$	226,673			$	2,259			$	1,277,342

		Three Months Ended November 30, 2017
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	298			$	221,562			$	269,642			$	209,860			$	—			$	701,362
Ferrous scrap		122,647				9,048				—				321				—				132,016
Nonferrous scrap		150,952				3,981				—				3,683				—				158,616
Construction materials		—				—				59,031				—				—				59,031
Other		440				12,142				1,879				6,348				4,699				25,508
Total		$	274,337			$	246,733			$	330,552			$	220,212			$	4,699			$	1,076,533

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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