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BUSINESS SEGMENTS (Tables)
 9 Months Ended
May 31, 2019
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, 2019
(in thousands)
 
 Americas Recycling
 
 Americas Mills
 
 Americas Fabrication
 
 International Mill
 
 Corporate and Other
 
Continuing Operations
Net sales-unaffiliated customers
 
$
228,786

 
$
536,035

 
$
629,510

 
$
209,022

 
$
2,519

 
$
1,605,872

Intersegment sales
 
60,229

 
330,868

 
3,537

 
343

 
(394,977
)
 
—

Net sales
 
289,015

 
866,903

 
633,047

 
209,365

 
(392,458
)
 
1,605,872

Adjusted EBITDA
 
12,331

 
158,114

 
(23,289
)
 
24,120

 
(27,305
)
 
143,971

 
 
Nine Months Ended May 31, 2019
(in thousands)
 
 Americas Recycling
 
 Americas Mills
 
 Americas Fabrication
 
 International Mill
 
 Corporate and Other
 
Continuing Operations
Net sales-unaffiliated customers
 
$
694,855

 
$
1,382,501

 
$
1,590,746

 
$
610,640

 
$
7,255

 
$
4,285,997

Intersegment sales
 
183,244

 
860,964

 
10,248

 
947

 
(1,055,403
)
 
—

Net sales
 
878,099

 
2,243,465

 
1,600,994

 
611,587

 
(1,048,148
)
 
4,285,997

Adjusted EBITDA
 
37,889

 
384,383

 
(109,863
)
 
77,436

 
(111,005
)
 
278,840

Total assets as of May 31, 2019 (1)
 
262,620

 
1,682,255

 
1,136,996

 
501,079

 
184,060

 
3,767,010

 _________________ 
(1) Total assets listed in Corporate and Other includes assets from discontinued operations.
 
 
Three Months Ended May 31, 2018
(in thousands)
 
 Americas Recycling
 
 Americas Mills
 
 Americas Fabrication
 
 International Mill
 
 Corporate and Other
 
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

 
(292,655
)
 
1,204,484

Adjusted EBITDA
 
19,477

 
89,590

 
(8,208
)
 
31,987

 
(31,814
)
 
101,032

 
 
Nine Months Ended May 31, 2018
(in thousands)
 
 Americas Recycling
 
 Americas Mills
 
 Americas Fabrication
 
 International Mill
 
 Corporate and Other
 
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

 
(719,222
)
 
3,335,285

Adjusted EBITDA
 
51,698

 
194,975

 
(14,787
)
 
95,066

 
(81,777
)
 
245,175

Total assets as of August 31, 2018 (1)
 
291,838

 
1,115,339

 
739,151

 
485,548

 
696,428

 
3,328,304

 _________________ 
(1) Total assets listed in Corporate and Other includes assets from discontinued operations.

Reconciliations of earnings from continuing operations to adjusted operating profit
The following table presents a reconciliation of earnings from continuing operations to adjusted EBITDA from continuing operations:
 
 
Three Months Ended May 31,
 
Nine Months Ended May 31,
(in thousands)
 
2019
 
2018
 
2019
 
2018
Earnings from continuing operations
 
$
78,551

 
$
42,325

 
$
112,899


$
83,977

Interest expense
 
18,513

 
11,511

 
53,671


25,303

Income taxes
 
29,105

 
13,312

 
52,855


23,465

Depreciation and amortization
 
41,181

 
32,949

 
117,602

 
98,898

Amortization of acquired unfavorable contract backlog
 
(23,394
)
 
—

 
(58,202
)
 
—

Impairment of assets
 
15

 
935

 
15


13,532

Adjusted EBITDA from continuing operations
 
$
143,971

 
$
101,032

 
$
278,840


$
245,175