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BUSINESS SEGMENTS (Tables)

6 Months Ended

Feb. 28, 2019

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 February 28, 2019
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Continuing Operations
Net sales-unaffiliated customers		$	225,888			$	472,795			$	526,678			$	174,945			$	2,477			$	1,402,783
Intersegment sales		61,187				301,914				4,158				253				(367,512		)		—
Net sales		287,075				774,709				530,836				175,198				(365,035		)		1,402,783
Adjusted EBITDA from continuing operations		10,124				112,396				(49,578		)		20,537				(24,146		)		69,333

		Six Months Ended February 28, 2019
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Continuing Operations
Net sales-unaffiliated customers		$	466,069			$	846,466			$	961,236			$	401,618			$	4,736			$	2,680,125
Intersegment sales		123,015				530,096				6,711				604				(660,426		)		—
Net sales		589,084				1,376,562				967,947				402,222				(655,690		)		2,680,125
Adjusted EBITDA from continuing operations		25,558				226,269				(86,574		)		53,316				(83,700		)		134,869
Total assets as of February 28, 2019*		275,106				1,730,523				1,085,078				507,775				130,210				3,728,692

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

		Three Months Ended February 28, 2018
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Continuing Operations
Net sales-unaffiliated customers		$	265,432			$	262,703			$	310,199			$	211,484			$	4,450			$	1,054,268
Intersegment sales		55,195				163,184				2,774				281				(221,434		)		—
Net sales		320,627				425,887				312,973				211,765				(216,984		)		1,054,268
Adjusted EBITDA from continuing operations		17,216				50,219				(8,611		)		32,135				(26,083		)		64,876

		Six Months Ended February 28, 2018
(in thousands)		Americas Recycling				Americas Mills				Americas Fabrication				International Mill				Corporate and Other				Continuing Operations
Net sales-unaffiliated customers		$	539,769			$	509,436			$	640,751			$	431,696			$	9,149			$	2,130,801
Intersegment sales		100,199				329,969				5,001				546				(435,715		)		—
Net sales		639,968				839,405				645,752				432,242				(426,566		)		2,130,801
Adjusted EBITDA from continuing operations		32,221				105,385				(6,579		)		63,079				(49,963		)		144,143
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 February 28,								Six Months Ended February 28,
(in thousands)		2019				2018				2019				2018
Earnings from continuing operations		$	14,928			$	9,781			$	34,348			$	41,652
Interest expense		18,495				7,181				35,158				13,792
Income taxes		18,141				1,728				23,750				10,153
Depreciation and amortization		41,245				34,050				76,421				65,949
Amortization of acquired unfavorable contract backlog		(23,476		)		—				(34,808		)		—
Impairment of assets		—				12,136				—				12,597
Adjusted EBITDA from continuing operations		$	69,333			$	64,876			$	134,869			$	144,143

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.

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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.

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