LONG-LIVED ASSET IMPAIRMENT AND FACILITY CLOSURE COSTS	12 Months Ended
Aug. 31, 2014
Restructuring and Related Activities [Abstract]
LONG-LIVED ASSET IMPAIRMENT AND FACILITY CLOSURE COSTS	NOTE 8. LONG-LIVED ASSET IMPAIRMENT AND FACILITY CLOSURE COSTS In the fourth quarter of fiscal 2014, the Company made the decision to exit its steel trading business headquartered in Zug, Switzerland. In connection with this decision, severance and other exit costs incurred by the Company were not material and were included in selling, general and administrative expenses in the Company's consolidated statements of operations. The remaining exit costs expected to be incurred are not material. The operation, which is included in the Company's International Marketing and Distribution reporting segment, will service existing customer commitments and the Company expects to wind down operations and liquidate any remaining inventories over the next several months. Long-lived asset impairment charges were not material in fiscal 2014. During the fourth quarter of fiscal 2013, the Company prepared an impairment analysis on its Australian operating units and determined the carrying values of certain fixed assets exceeded their fair values as determined utilizing market and cost approaches. Determining the fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be level 3 fair value inputs. The resulting non-recurring impairment charges of $6.3 million, primarily related to the write-down of long-lived assets, were recorded within the International Marketing and Distribution reporting segment at August 31, 2013. As a result of the $6.3 million non-recurring impairment charges, the fair value of International Marketing and Distribution's fixed assets was $20.4 million at August 31, 2013. Long-lived asset impairment and facility closure costs associated with the Company's other operating units were approximately $4.6 million for the year ended August 31, 2013. Long-lived asset impairment charges and facility closure costs were not material in fiscal 2012.

NOTE 8. LONG-LIVED ASSET IMPAIRMENT AND FACILITY CLOSURE COSTS

In the fourth quarter of fiscal 2014, the Company made the decision to exit its steel trading business headquartered in Zug, Switzerland. In connection with this decision, severance and other exit costs incurred by the Company were not material and were included in selling, general and administrative expenses in the Company's consolidated statements of operations. The remaining exit costs expected to be incurred are not material. The operation, which is included in the Company's International Marketing and Distribution reporting segment, will service existing customer commitments and the Company expects to wind down operations and liquidate any remaining inventories over the next several months.

Long-lived asset impairment charges were not material in fiscal 2014.

During the fourth quarter of fiscal 2013, the Company prepared an impairment analysis on its Australian operating units and determined the carrying values of certain fixed assets exceeded their fair values as determined utilizing market and cost approaches. Determining the fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be level 3 fair value inputs. The resulting non-recurring impairment charges of $6.3 million, primarily related to the write-down of long-lived assets, were recorded within the International Marketing and Distribution reporting segment at August 31, 2013. As a result of the $6.3 million non-recurring impairment charges, the fair value of International Marketing and Distribution's fixed assets was $20.4 million at August 31, 2013. Long-lived asset impairment and facility closure costs associated with the Company's other operating units were approximately $4.6 million for the year ended August 31, 2013.

Long-lived asset impairment charges and facility closure costs were not material in fiscal 2012.