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BUSINESS SEGMENTS (Tables)
 9 Months Ended
May 31, 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 May 31, 2018
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Corporate and Other
 
Eliminations
 
Continuing Operations
Net sales-unaffiliated customers
 
$
292,679

 
$
332,459

 
$
375,183

 
$
201,438

 
$
2,725

 
$
—

 
$
1,204,484

Intersegment sales
 
71,419

 
220,604

 
3,058

 
299

 
—

 
(295,380
)
 
—

Net sales
 
364,098

 
553,063

 
378,241

 
201,737

 
2,725

 
(295,380
)
 
1,204,484

Adjusted operating profit (loss) from continuing operations
 
14,350

 
70,404

 
(16,096
)
 
24,370

 
(22,678
)
 
(2,941
)
 
67,409

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended May 31, 2018
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Corporate and Other
 
Eliminations
 
Continuing Operations
Net sales-unaffiliated customers
 
$
832,448

 
$
841,895

 
$
1,015,934

 
$
633,134

 
$
11,874

 
$
—

 
$
3,335,285

Intersegment sales
 
171,618

 
550,573

 
8,059

 
846

 
—

 
(731,096
)
 
—

Net sales
 
1,004,066

 
1,392,468

 
1,023,993

 
633,980

 
11,874

 
(731,096
)
 
3,335,285

Adjusted operating profit (loss) from continuing operations
 
36,580

 
142,639

 
(47,995
)
 
72,297

 
(65,648
)
 
(4,413
)
 
133,460

Total assets as of May 31, 2018*
 
310,513

 
1,078,308

 
684,929

 
476,946

 
1,128,360

 
(467,603
)
 
3,211,453

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended May 31, 2017
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Corporate and Other
 
Eliminations
 
Continuing Operations
Net sales-unaffiliated customers
 
$
247,896

 
$
243,934

 
$
377,188

 
$
167,409

 
$
8,286

 
$
—

 
$
1,044,713

Intersegment sales
 
46,270

 
183,342

 
2,788

 
230

 
3

 
(232,633
)
 
—

Net sales
 
294,166

 
427,276

 
379,976

 
167,639

 
8,289

 
(232,633
)
 
1,044,713

Adjusted operating profit (loss) from continuing operations
 
9,247

 
50,734

 
1,808

 
12,971

 
(20,281
)
 
772

 
55,251

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended May 31, 2017
(in thousands)
 
Americas Recycling
 
Americas Mills
 
Americas Fabrication
 
International Mill
 
Corporate and Other
 
Eliminations
 
Continuing Operations
Net sales-unaffiliated customers
 
$
590,760

 
$
667,872

 
$
1,013,847

 
$
436,413

 
$
51,047

 
$
—

 
$
2,759,939

Intersegment sales
 
103,442

 
483,162

 
8,355

 
621

 
643

 
(596,223
)
 
—

Net sales
 
694,202

 
1,151,034

 
1,022,202

 
437,034

 
51,690

 
(596,223
)
 
2,759,939

Adjusted operating profit (loss) from continuing operations
 
11,981

 
139,002

 
9,025

 
32,517

 
(72,176
)
 
(22
)
 
120,327

Total assets as of August 31, 2017*
 
240,371

 
933,022

 
683,609

 
464,428

 
687,984

 
(327,883
)
 
2,681,531

 _________________ 
* Excludes total assets from discontinued operations of $34.0 million at May 31, 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 May 31,
 
Nine Months Ended May 31,
(in thousands)
 
2018
 
2017
 
2018
 
2017
Earnings from continuing operations
 
$
42,325

 
$
31,567

 
$
83,977


$
60,245

Income taxes
 
13,312

 
11,006

 
23,465


21,231

Interest expense
 
11,511

 
12,448

 
25,303


38,212

Discounts on sales of accounts receivable
 
261

 
230

 
715


639

Adjusted operating profit from continuing operations
 
$
67,409

 
$
55,251

 
$
133,460


$
120,327