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REVENUE RECOGNITION (Tables)

6 Months Ended

Feb. 28, 2019

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)		February 28, 2019				August 31, 2018
Contract assets (included in other current assets)		$	76,316			$	49,221
Contract liabilities (included in accrued expenses and other payables)		17,791				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 February 28, 2019
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	202			$	444,327			$	462,963			$	167,534			$	—			$	1,075,026
Ferrous scrap		105,253				8,744				—				255				—				114,252
Nonferrous scrap		120,004				3,308				—				2,524				—				125,836
Construction materials		—				—				60,190				—				—				60,190
Other		429				16,416				3,525				4,632				2,477				27,479
Total		$	225,888			$	472,795			$	526,678			$	174,945			$	2,477			$	1,402,783
		Six Months Ended February 28, 2019
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	441			$	792,292			$	837,770			$	385,304			$	—			$	2,015,807
Ferrous scrap		216,907				17,886				—				530				—				235,323
Nonferrous scrap		248,079				6,488				—				5,465				—				260,032
Construction materials		—				—				117,361				—				—				117,361
Other		642				29,800				6,105				10,319				4,736				51,602
Total		$	466,069			$	846,466			$	961,236			$	401,618			$	4,736			$	2,680,125

		Three Months Ended February 28, 2018*
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	277			$	240,024			$	257,167			$	202,178			$	—			$	699,646
Ferrous scrap		116,313				7,095				—				298				—				123,706
Nonferrous scrap		148,425				3,902				—				3,458				—				155,785
Construction materials		—				—				51,174				—				—				51,174
Other		417				11,682				1,858				5,550				4,450				23,957
Total		$	265,432			$	262,703			$	310,199			$	211,484			$	4,450			$	1,054,268
		Six Months Ended February 28, 2018*
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Total
Steel products		$	575			$	461,586			$	526,809			$	412,038			$	—			$	1,401,008
Ferrous scrap		238,960				16,143				—				619				—				255,722
Nonferrous scrap		299,377				7,883				—				7,141				—				314,401
Construction materials		—				—				110,205				—				—				110,205
Other		857				23,824				3,737				11,898				9,149				49,465
Total		$	539,769			$	509,436			$	640,751			$	431,696			$	9,149			$	2,130,801

* 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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