QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Aug. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 23. QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for fiscal 2016 and 2015 was as follows:

	Three Months Ended Fiscal 2016
(in thousands except per share data)	Nov. 30		Feb. 29		May 31		Aug. 31
Net sales*	$	1,154,859	$	1,019,697	$	1,227,390	$	1,208,580
Gross profit*	157,617		134,821		175,480		168,095
Net earnings (loss) attributable to CMC	25,063		10,502		19,328		(131		)
Basic EPS attributable to CMC	0.22		0.09		0.17		0.00
Diluted EPS attributable to CMC	0.21		0.09		0.17		0.00

	Three Months Ended Fiscal 2015
(in thousands except per share data)	Nov. 30			Feb. 28			May 31			Aug. 31
Net sales*	$	1,679,990		$	1,391,117		$	1,506,002		$	1,411,496
Gross profit*	179,923			147,075			192,148			157,703
Net earnings attributable to CMC	32,184			6,197			28,709			12,353
Effect of change in accounting principle on basic EPS attributable to CMC**	(0.04		)	(0.41		)	(0.24		)	0.16
Basic EPS attributable to CMC	0.27			0.05			0.25			0.11
Effect of change in accounting principle on diluted EPS attributable to CMC**	(0.03		)	(0.41		)	(0.24		)	0.16
Diluted EPS attributable to CMC	0.27			0.05			0.25			0.11

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* Excludes divisions classified as discontinued operations. See Note 10, Businesses Held for Sale, Discontinued Operations and Dispositions.

** Represents the effect of the retrospective application of the change in accounting principle from LIFO to weighted average cost or specific identification. See Note 2, Summary of Significant Accounting Policies.