BUSINESS SEGMENTS (Tables)

6 Months Ended

Feb. 28, 2018

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following is a summary of certain financial information from continuing operations by reportable segment:

	Three Months Ended February 28, 2018
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication			International Mill		Corporate and Other			Eliminations			Continuing Operations
Net sales-unaffiliated customers	$	265,432	$	262,703	$	310,199		$	211,484	$	4,450		$	—		$	1,054,268
Intersegment sales	55,195		163,184		2,774			281		—			(221,434		)	—
Net sales	320,627		425,887		312,973			211,765		4,450			(221,434		)	1,054,268
Adjusted operating profit (loss) from continuing operations	12,238		31,536		(27,117		)	24,490		(22,361		)	100			18,886
	Six Months Ended February 28, 2018
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication			International Mill		Corporate and Other			Eliminations			Continuing Operations
Net sales-unaffiliated customers	$	539,769	$	509,436	$	640,751		$	431,696	$	9,149		$	—		$	2,130,801
Intersegment sales	100,199		329,969		5,001			546		—			(435,715		)	—
Net sales	639,968		839,405		645,752			432,242		9,149			(435,715		)	2,130,801
Adjusted operating profit (loss) from continuing operations	22,230		72,300		(31,900		)	47,927		(43,034		)	(1,472		)	66,051
Total assets as of February 28, 2018*	298,470		1,032,112		671,142			511,140		695,856			(441,740		)	2,766,980
	Three Months Ended February 28, 2017
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication			International Mill		Corporate and Other			Eliminations			Continuing Operations
Net sales-unaffiliated customers	$	188,502	$	220,607	$	301,382		$	134,472	$	17,335		$	—		$	862,298
Intersegment sales	34,826		155,986		2,444			180		—			(193,436		)	—
Net sales	223,328		376,593		303,826			134,652		17,335			(193,436		)	862,298
Adjusted operating profit (loss) from continuing operations	7,788		51,319		507			9,484		(25,112		)	(582		)	43,404
	Six Months Ended February 28, 2017
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication			International Mill		Corporate and Other			Eliminations			Continuing Operations
Net sales-unaffiliated customers	$	342,864	$	423,938	$	636,659		$	269,004	$	42,761		$	—		$	1,715,226
Intersegment sales	57,172		299,820		5,566			391		641			(363,590		)	—
Net sales	400,036		723,758		642,225			269,395		43,402			(363,590		)	1,715,226
Adjusted operating profit (loss) from continuing operations	2,734		88,268		7,218			19,546		(51,895		)	(795		)	65,076
Total assets as of August 31, 2017*	240,371		933,022		683,609			464,428		687,984			(327,883		)	2,681,531

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* Excludes total assets from discontinued operations of $143.5 million at February 28, 2018 and $293.6 million at August 31, 2017.

Reconciliations of earnings from continuing operations to adjusted operating profit

Reconciliations of earnings from continuing operations to adjusted operating profit from continuing operations are provided below:

	Three Months Ended February 28,				Six Months Ended February 28,
(in thousands)	2018		2017		2018		2017
Earnings from continuing operations	$	9,781	$	22,992	$	41,652	$	28,678
Income taxes	1,728		7,772		10,153		10,225
Interest expense	7,181		12,439		13,792		25,764
Discounts on sales of accounts receivable	196		201		454		409
Adjusted operating profit from continuing operations	$	18,886	$	43,404	$	66,051	$	65,076