CHANGES IN BUSINESS (Tables)

6 Months Ended

Feb. 28, 2018

Structural Steel Fabrication Operations

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Financial information for discontinued operations

The assets and liabilities related to these operations are included as assets and liabilities of businesses held for sale & discontinued operations in the unaudited condensed consolidated balance sheets for all periods presented, the major components of which are presented in the table below.

(in thousands)	February 28, 2018		August 31, 2017*
Assets:
Accounts receivable	$	38,846	$	38,279
Inventories, net	8,311		10,676
Other current assets	35		77
Assets of businesses held for sale & discontinued operations	$	47,192	$	49,032
Liabilities:
Accounts payable-trade	$	15,667	$	13,108
Accrued expenses and other payables	10,424		16,785
Liabilities of businesses held for sale & discontinued operations	$	26,091	$	29,893

* At August 31, 2017, $8.8 million of property, plant, and equipment, net of accumulated depreciation and amortization is included in other noncurrent assets on the unaudited condensed consolidated balance sheets.

International Marketing and Distribution

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Financial information for discontinued operations

The major classes of line items constituting earnings from discontinued operations in the unaudited condensed consolidated statements of earnings, which primarily relate to International Marketing and Distribution activities, are presented in the table below.

	Three Months Ended February 28,					Six Months Ended February 28,
(in thousands)	2018			2017		2018			2017
Net sales	$	139,011		$	287,323	$	301,122		$	509,436
Costs and expenses:
Cost of goods sold	130,687			265,380		272,138			471,919
Selling, general and administrative expenses	8,034			12,350		20,660			27,180
Interest expense	—			2		(86		)	(25		)
Earnings before income taxes	290			9,591		8,410			10,362
Income taxes (benefit)	(98		)	2,251		3,082			2,433
Earnings from discontinued operations	$	388		$	7,340	$	5,328		$	7,929

Components of the International Marketing and Distribution segment meeting the criteria for discontinued operations have been re-classified as assets and liabilities of business held for sale & discontinued operations in the unaudited condensed consolidated balance sheets for all periods presented, the major components of which are presented in the table below.

(in thousands)	February 28, 2018		August 31, 2017*
Assets:
Accounts receivable	$	72,723	$	106,905
Inventories, net	49,106		141,135
Other current assets	6,934		38
Property, plant and equipment, net of accumulated depreciation and amortization	332		—
Assets of businesses held for sale & discontinued operations	$	129,095	$	248,078
Liabilities:
Accounts payable-trade	$	11,947	$	42,563
Accrued expenses and other payables	12,523		15,372
Liabilities of businesses held for sale & discontinued operations	$	24,470	$	57,935

* Property, plant, and equipment, net of accumulated depreciation and amortization of $0.8 million at August 31, 2017 is included in other noncurrent assets on the unaudited condensed consolidated balance sheets.

There were no material operating or investing non-cash items for discontinued operations for the six months ended February 28, 2018 and 2017.