XML 23 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Tables)
 6 Months Ended
Feb. 29, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The table below illustrates the Company’s operating results from continuing operations by reporting segment (in thousands):
 
Three Months Ended
 
Six Months Ended
 
2/29/2012
 
2/28/2011
 
2/29/2012
 
2/28/2011
Revenues:
 
 
 
 
 
 
 
Metals Recycling Business:
 
 
 
 
 
 
 
Revenues
$
781,933

 
$
637,028

 
$
1,510,371

 
$
1,228,736

Less: Intersegment revenues
(39,986
)
 
(39,049
)
 
(98,700
)
 
(70,758
)
MRB external customer revenues
741,947

 
597,979

 
1,411,671

 
1,157,978

Auto Parts Business:
 
 
 
 

 
 
Revenues
78,232

 
72,533

 
162,285

 
139,214

Less: Intersegment revenues
(18,090
)
 
(18,738
)
 
(39,593
)
 
(33,949
)
APB external customer revenues
60,142

 
53,795

 
122,692

 
105,265

Steel Manufacturing Business:
 
 
 
 

 
 
Revenues
84,523

 
70,068

 
164,424

 
133,703

Total revenues
$
886,612

 
$
721,842

 
$
1,698,787

 
$
1,396,946
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
The table below illustrates the reconciliation of the Company’s segment operating income (loss) to income from continuing operations before income taxes (in thousands):
 
Three Months Ended
 
Six Months Ended
 
2/29/2012
 
2/28/2011
 
2/29/2012
 
2/28/2011
Metals Recycling Business
$
19,952

 
$
41,691

 
$
33,051

 
$
67,225

Auto Parts Business
8,708

 
15,957

 
19,150

 
29,996

Steel Manufacturing Business
(868
)
 
(711
)
 
349

 
(2,746
)
Segment operating income
27,792

 
56,937

 
52,550

 
94,475

Corporate and eliminations
(9,805
)
 
(11,000
)
 
(19,595
)
 
(20,098
)
Operating income
17,987

 
45,937

 
32,955

 
74,377

Other income (expense)
(2,855
)
 
1,931

 
(6,520
)
 
1,549

Income from continuing operations before income taxes
$
15,132

 
$
47,868

 
$
26,435

 
$
75,926
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
The following is a summary of the Company’s total assets by reporting segment (in thousands):
 
February 29, 2012
 
August 31, 2011
Metals Recycling Business(1)
$
1,658,143

 
$
1,668,778

Auto Parts Business
319,665

 
304,060

Steel Manufacturing Business
324,247

 
324,596

Total segment assets
2,302,055

 
2,297,434

Corporate and eliminations
(428,268
)
 
(407,265
)
Total assets
$
1,873,787

 
$
1,890,169

_____________________________
(1)
MRB total assets include $18 million and $17 million as of February 29, 2012 and August 31, 2011, respectively, for investments in joint venture partnerships.