XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Feb. 28, 2015
Feb. 28, 2014
Income Statement [Abstract]        
Net sales $ 1,391,117us-gaap_SalesRevenueGoodsNet $ 1,597,461us-gaap_SalesRevenueGoodsNet $ 3,071,107us-gaap_SalesRevenueGoodsNet $ 3,214,536us-gaap_SalesRevenueGoodsNet
Costs and expenses:        
Cost of goods sold 1,169,703us-gaap_CostOfGoodsSold 1,455,105us-gaap_CostOfGoodsSold 2,663,472us-gaap_CostOfGoodsSold 2,895,307us-gaap_CostOfGoodsSold
Selling, general and administrative expenses 109,602us-gaap_SellingGeneralAndAdministrativeExpense 106,258us-gaap_SellingGeneralAndAdministrativeExpense 222,985us-gaap_SellingGeneralAndAdministrativeExpense 214,932us-gaap_SellingGeneralAndAdministrativeExpense
Interest expense 19,252us-gaap_InterestExpense 18,977us-gaap_InterestExpense 38,309us-gaap_InterestExpense 38,385us-gaap_InterestExpense
Total costs and expenses 1,298,557us-gaap_CostsAndExpenses 1,580,340us-gaap_CostsAndExpenses 2,924,766us-gaap_CostsAndExpenses 3,148,624us-gaap_CostsAndExpenses
Earnings from continuing operations before income taxes 92,560us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 17,121us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 146,341us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 65,912us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes 30,841us-gaap_IncomeTaxExpenseBenefit 3,866us-gaap_IncomeTaxExpenseBenefit 46,288us-gaap_IncomeTaxExpenseBenefit 18,957us-gaap_IncomeTaxExpenseBenefit
Earnings from continuing operations 61,719us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 13,255us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 100,053us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 46,955us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Earnings (loss) from discontinued operations before income taxes (7,268)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (2,095)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (9,370)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax 19,011us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
Income taxes (benefit) 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 16us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation (21)us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 8,903us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation
Earnings (loss) from discontinued operations (7,268)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (2,111)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (9,349)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 10,108us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net earnings 54,451us-gaap_ProfitLoss 11,144us-gaap_ProfitLoss 90,704us-gaap_ProfitLoss 57,063us-gaap_ProfitLoss
Less net earnings attributable to noncontrolling interests 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to CMC $ 54,451us-gaap_NetIncomeLoss $ 11,143us-gaap_NetIncomeLoss $ 90,704us-gaap_NetIncomeLoss $ 57,062us-gaap_NetIncomeLoss
Basic earnings (loss) per share attributable to CMC:        
Earnings from continuing operations (in USD per share) $ 0.53us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.85us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Earnings (loss) from discontinued operations (in USD per share) $ (0.06)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.08)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.09us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net earnings (in USD per share) $ 0.47us-gaap_EarningsPerShareBasic $ 0.09us-gaap_EarningsPerShareBasic $ 0.77us-gaap_EarningsPerShareBasic $ 0.49us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per share attributable to CMC:        
Earnings from continuing operations (in USD per share) $ 0.52us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.85us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Earnings (loss) from discontinued operations (in USD per share) $ (0.06)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.08)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.08us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earnings (in USD per share) $ 0.46us-gaap_EarningsPerShareDiluted $ 0.09us-gaap_EarningsPerShareDiluted $ 0.77us-gaap_EarningsPerShareDiluted $ 0.48us-gaap_EarningsPerShareDiluted
Cash dividends per share (in USD per share) $ 0.12us-gaap_CommonStockDividendsPerShareCashPaid $ 0.12us-gaap_CommonStockDividendsPerShareCashPaid $ 0.24us-gaap_CommonStockDividendsPerShareCashPaid $ 0.24us-gaap_CommonStockDividendsPerShareCashPaid
Average basic shares outstanding 116,688,162us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,424,962us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,244,406us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,247,731us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average diluted shares outstanding 117,683,476us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 118,639,161us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 118,395,844us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 118,397,886us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding