XML 54 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1

BUSINESS SEGMENTS (Tables)

3 Months Ended

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

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://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

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration