BUSINESS SEGMENTS (Tables)

6 Months Ended

Feb. 29, 2020

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


	Three Months Ended February 29, 2020
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	179,535	$	471,367	$	510,381	$	179,656	$	24	$	1,340,963
Intersegment sales	68,549		260,673		1,367		423		(331,012)		—
Net sales	248,084		732,040		511,748		180,079		(330,988)		1,340,963
Adjusted EBITDA	5,754		125,691		16,060		13,451		(23,235)		137,721

	Six Months Ended February 29, 2020
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	351,686	$	945,559	$	1,080,758	$	344,696	$	2,972	$	2,725,671
Intersegment sales	118,659		555,374		2,837		772		(677,642)		—
Net sales	470,345		1,500,933		1,083,595		345,468		(674,670)		2,725,671
Adjusted EBITDA	9,171		280,716		33,541		24,810		(50,712)		297,526
Total assets at February 29, 2020*	261,611		1,680,295		1,065,676		521,678		378,678		3,907,938

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*Total assets listed in Corporate and Other includes assets from discontinued operations.


	Three Months Ended February 28, 2019
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	225,888	$	472,795	$	526,678	$	174,945	$	2,477	$	1,402,783
Intersegment sales	61,187		301,914		4,158		253		(367,512)		—
Net sales	287,075		774,709		530,836		175,198		(365,035)		1,402,783
Adjusted EBITDA	10,124		112,396		(49,578)		20,537		(24,146)		69,333

	Six Months Ended February 28, 2019
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	466,069	$	846,466	$	961,236	$	401,618	$	4,736	$	2,680,125
Intersegment sales	123,015		530,096		6,711		604		(660,426)		—
Net sales	589,084		1,376,562		967,947		402,222		(655,690)		2,680,125
Adjusted EBITDA	25,558		226,269		(86,574)		53,316		(83,700)		134,869
Total assets at August 31, 2019^*	257,517		1,667,366		1,106,420		464,177		263,291		3,758,771

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*Total assets listed in Corporate and Other includes assets from discontinued operations.

The following table presents a reconciliation of earnings from continuing operations to adjusted EBITDA from continuing operations:


	Three Months Ended						Six Months Ended
(in thousands)	February 29, 2020		February 28, 2019		February 29, 2020		February 28, 2019
Earnings from continuing operations	$	63,596	$	14,928	$	146,351	$	34,348
Interest expense	15,888		18,495		32,466		35,158
Income taxes	22,845		18,141		50,177		23,750
Depreciation and amortization	41,389		41,245		82,330		76,421
Amortization of acquired unfavorable contract backlog	(5,997)		(23,476)		(14,328)		(34,808)
Impairment of assets	—		—		530		—
Adjusted EBITDA from continuing operations	$	137,721	$	69,333	$	297,526	$	134,869