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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2011
Revenues $ 2,621,911 $ 3,340,938 $ 3,459,194
Operating expense:      
Cost of goods sold 2,415,391 3,079,716 3,072,165
Selling, general and administrative 193,533 205,178 205,687
Income from joint ventures (1,183) (2,636) (4,622)
Goodwill impairment charge 321,000 0 0
Other asset impairment charges 13,053 0 0
Restructuring charges 7,906 5,012 0
Operating income (loss) (327,789) 53,668 185,964
Interest expense (9,743) (11,880) (8,436)
Other income, net 83 1,168 3,277
Income (loss) from continuing operations before income taxes (337,449) 42,956 180,805
Income tax benefit (expense) 57,426 (14,039) (57,168)
Income (loss) from continuing operations (280,023) 28,917 123,637
Loss from discontinued operations, net of tax 0 0 (101)
Net income (loss) (280,023) 28,917 123,536
Net income attributable to noncontrolling interests (1,419) (1,513) (5,181)
Net income (loss) attributable to SSI (281,442) 27,404 118,355
Basic:      
Income (loss) per share from continuing operations attributable to SSI $ (10.56) $ 1.00 $ 4.28
Loss per share from discontinued operations $ 0.00 $ 0.00 $ 0.00
Net income (loss) per share attributable to SSI $ (10.56) $ 1.00 $ 4.28
Diluted:      
Income (loss) per share from continuing operations attributable to SSI $ (10.56) $ 0.99 $ 4.24
Loss per share from discontinued operations $ 0.00 $ 0.00 $ (0.01)
Net income (loss) per share attributable to SSI $ (10.56) $ 0.99 $ 4.23
Weighted average number of common shares:      
Basic 26,656 27,317 27,649
Diluted 26,656 27,553 27,959
Dividends declared per common share $ 0.750 $ 0.410 $ 0.068
Metal Recycling Business
     
Operating expense:      
Income from joint ventures (1,000) (2,000) (5,000)
Goodwill impairment charge 321,000    
Other asset impairment charges 13,053    
Restructuring charges 2,748 1,660  
Operating income (loss) $ (311,549) [1] $ 63,872 [1] $ 164,646 [1]
[1] MRB operating income (loss) includes $1 million, $2 million and $5 million in income from joint ventures accounted for by the equity method in fiscal 2013, 2012 and 2011, respectively. The MRB operating loss for fiscal 2013 also includes a goodwill impairment charge of $321 million and other asset impairment charges of $13 million.