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REVENUE RECOGNITION (Tables)

9 Months Ended

May 31, 2020

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)						May 31, 2020						August 31, 2019
Contract assets (included in accounts receivable)						$	55,687					$	103,805
Contract liabilities (included in accrued expenses and other payables)						21,900						37,165

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 May 31, 2020
(in thousands)						Americas Recycling						Americas Mills						Americas Fabrication						International Mill						Corporate and Other						Total
Steel products						$	204					$	420,169					$	494,519					$	165,626					$	—					$	1,080,518
Ferrous scrap						63,735						8,698						—						61						—						72,494
Nonferrous scrap						83,650						3,091						—						2,438						—						89,179
Construction materials						—						—						72,637						—						—						72,637
Other						432						19,320						626						5,340						1,137						26,855
Total						$	148,021					$	451,278					$	567,782					$	173,465					$	1,137					$	1,341,683
						Nine Months Ended May 31, 2020
(in thousands)						Americas Recycling						Americas Mills						Americas Fabrication						International Mill						Corporate and Other						Total
Steel products						$	459					$	1,298,980					$	1,436,011					$	494,853					$	—					$	3,230,303
Ferrous scrap						188,077						26,320						1						432						—						214,830
Nonferrous scrap						309,730						9,981						—						6,680						—						326,391
Construction materials						—						—						206,225						—						—						206,225
Other						1,441						61,556						6,303						16,196						4,109						89,605
Total						$	499,707					$	1,396,837					$	1,648,540					$	518,161					$	4,109					$	4,067,354

						Three Months Ended May 31, 2019
(in thousands)						Americas Recycling						Americas Mills						Americas Fabrication						International Mill						Corporate and Other						Total
Steel products						$	238					$	501,925					$	554,672					$	199,431					$	—					$	1,256,266
Ferrous scrap						106,404						8,916						2						525						—						115,847
Nonferrous scrap						121,581						4,080						—						3,212						—						128,873
Construction materials						—						—						71,228						—						—						71,228
Other						563						21,114						3,608						5,854						2,519						33,658
Total						$	228,786					$	536,035					$	629,510					$	209,022					$	2,519					$	1,605,872
						Nine Months Ended May 31, 2019
(in thousands)						Americas Recycling						Americas Mills						Americas Fabrication						International Mill						Corporate and Other						Total
Steel products						$	679					$	1,294,217					$	1,392,442					$	584,735					$	—					$	3,272,073
Ferrous scrap						323,311						26,802						2						1,055						—						351,170
Nonferrous scrap						369,660						10,568						—						8,677						—						388,905
Construction materials						—						—						188,589						—						—						188,589
Other						1,205						50,914						9,713						16,173						7,255						85,260
Total						$	694,855					$	1,382,501					$	1,590,746					$	610,640					$	7,255					$	4,285,997

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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