Segment Information (Tables)
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9 Months Ended |
May 31, 2014
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Segment Reporting [Abstract] |
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Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The table below illustrates the Company’s operating results by reporting segment (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended May 31, | | Nine Months Ended May 31, | | 2014 | | 2013 | | 2014 | | 2013 | Revenues: | | | | | | | | Metals Recycling Business: | | | | | | | | Revenues | $ | 516,841 |
| | $ | 604,870 |
| | $ | 1,542,840 |
| | $ | 1,675,521 |
| Less: Intersegment revenues | (43,519 | ) | | (52,734 | ) | | (138,410 | ) | | (142,448 | ) | MRB external customer revenues | 473,322 |
| | 552,136 |
| | 1,404,430 |
| | 1,533,073 |
| Auto Parts Business: | | | | | | | | Revenues | 83,596 |
| | 86,439 |
| | 239,591 |
| | 234,075 |
| Less: Intersegment revenues | (21,170 | ) | | (21,223 | ) | | (63,960 | ) | | (58,042 | ) | APB external customer revenues | 62,426 |
| | 65,216 |
| | 175,631 |
| | 176,033 |
| Steel Manufacturing Business: | | | | | | | | Revenues | 102,039 |
| | 92,943 |
| | 271,618 |
| | 256,219 |
| Total revenues | $ | 637,787 |
| | $ | 710,295 |
| | $ | 1,851,679 |
| | $ | 1,965,325 |
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Reconciliation of Operating Income from Segments to Consolidated [Table Text Block] |
The table below illustrates the reconciliation of the Company’s segment operating income to income (loss) before income taxes (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended May 31, | | Nine Months Ended May 31, | | 2014 | | 2013 | | 2014 | | 2013 | Metals Recycling Business | $ | 3,736 |
| | $ | 8,789 |
| | $ | 14,932 |
| | $ | 28,602 |
| Auto Parts Business | 6,734 |
| | 8,273 |
| | 16,918 |
| | 21,348 |
| Steel Manufacturing Business | 4,594 |
| | (72 | ) | | 9,912 |
| | 4,373 |
| Segment operating income | 15,064 |
| | 16,990 |
| | 41,762 |
| | 54,323 |
| Restructuring charges and other exit-related costs | (2,762 | ) | | (1,873 | ) | | (6,580 | ) | | (5,006 | ) | Corporate and eliminations | (10,673 | ) | | (7,930 | ) | | (30,594 | ) | | (29,526 | ) | Operating income | 1,629 |
| | 7,187 |
| | 4,588 |
| | 19,791 |
| Interest expense | (2,580 | ) | | (2,788 | ) | | (8,097 | ) | | (7,159 | ) | Other income, net | 570 |
| | 141 |
| | 604 |
| | 414 |
| Income (loss) before income taxes | $ | (381 | ) | | $ | 4,540 |
| | $ | (2,905 | ) | | $ | 13,046 |
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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): | | | | | | | | | | May 31, 2014 | | August 31, 2013 | Metals Recycling Business(1) | $ | 1,328,514 |
| | $ | 1,316,202 |
| Auto Parts Business | 358,872 |
| | 359,977 |
| Steel Manufacturing Business | 341,125 |
| | 330,282 |
| Total segment assets | 2,028,511 |
| | 2,006,461 |
| Corporate and eliminations | (640,669 | ) | | (600,949 | ) | Total assets | $ | 1,387,842 |
| | $ | 1,405,512 |
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_____________________________ | | (1) | MRB total assets include $14 million and $15 million as of May 31, 2014 and August 31, 2013, respectively, for investments in joint venture partnerships. |
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