Segment Information (Tables)

12 Months Ended

Aug. 31, 2014

Reconciliation of Assets from Segment to Consolidated

The following is a summary of the Company’s total assets as of August 31 (in thousands):



	2014			2013
Total assets:
Metals Recycling Business⁽¹⁾	$	1,343,771		$	1,316,202
Auto Parts Business	361,411			359,977
Steel Manufacturing Business	350,344			330,282
Total segment assets	2,055,526			2,006,461
Corporate and eliminations	(700,316		)	(600,949		)
Total assets	$	1,355,210		$	1,405,512
Property, plant and equipment, net⁽²⁾	$	523,433		$	564,426

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(1)	MRB total assets include $15 million as of August 31, 2014 and 2013, for investments in joint venture partnerships.


(2)	Property, plant and equipment, net includes $75 million and $85 million as of August 31, 2014 and 2013, respectively, at our Canadian locations.

Schedule of Segment Reporting Information, by Segment

The table below illustrates the Company’s results by reporting segment for the years ended August 31 (in thousands):



	2014			2013			2012
Metals Recycling Business:
Revenues	$	2,102,935		$	2,210,484		$	2,948,707
Less: Intersegment revenues	(188,103		)	(178,341		)	(183,906		)
MRB external customer revenues	1,914,832			2,032,143			2,764,801
Auto Parts Business:
Revenues	327,569			313,306			316,884
Less: Intersegment revenues	(87,458		)	(75,992		)	(73,974		)
APB external customer revenues	240,111			237,314			242,910
Steel Manufacturing Business:
Revenues	388,640			352,454			333,227
Total revenues	$	2,543,583		$	2,621,911		$	3,340,938
Depreciation and amortization:
Metals Recycling Business	$	56,368		$	58,964		$	57,855
Auto Parts Business	11,861			11,793			10,920
Steel Manufacturing Business	8,256			9,072			9,436
Segment depreciation and amortization	76,485			79,829			78,211
Corporate	2,724			3,241			4,045
Total depreciation and amortization	$	79,209		$	83,070		$	82,256
Capital expenditures:
Metals Recycling Business	$	16,881		$	61,930		$	60,212
Auto Parts Business	12,400			12,769			7,525
Steel Manufacturing Business	5,379			7,582			5,556
Segment capital expenditures	34,660			82,281			73,293
Corporate	4,487			8,100			5,267
Total capital expenditures	$	39,147		$	90,381		$	78,560
Reconciliation of the Company’s segment operating income (loss) to income (loss) from continuing operations before income taxes:
Metals Recycling Business⁽¹⁾	$	30,083		$	(311,549	)	$	63,872
Auto Parts Business	21,434			24,539			33,304
Steel Manufacturing Business	18,538			6,541			(2,081		)
Segment operating income (loss)	70,055			(280,469		)	95,095
Restructuring charges and other exit-related costs	(6,967		)	(7,906		)	(5,012		)
Corporate and eliminations	(42,772		)	(39,414		)	(36,415		)
Operating income (loss)	20,316			(327,789		)	53,668
Interest expense	(10,804		)	(9,743		)	(11,880		)
Other income, net	1,223			83			1,168
Income (loss) from continuing operations before income taxes	$	10,735		$	(337,449	)	$	42,956

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(1)	MRB operating income (loss) includes $1 million, $1 million and $2 million in income from joint ventures accounted for by the equity method in fiscal 2014, 2013 and 2012, 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.

Schedule Of Revenues From External Customers by Sales Destination, Reporting Segment And Major Product

The following revenues from external customers are presented based on the sales destination and by major product for the years ended August 31 (in thousands):



	2014		2013		2012
Revenues based on sales destination:
Foreign	$	1,473,069	$	1,657,736	$	2,284,152
Domestic	1,070,514		964,175		1,056,786
Total revenues from external customers	$	2,543,583	$	2,621,911	$	3,340,938

Major product information:
Ferrous scrap metal	$	1,394,046	$	1,500,115	$	2,117,055
Nonferrous scrap metal and other	520,786		532,028		647,746
Auto parts	240,111		237,314		242,910
Finished steel products	377,678		346,982		332,719
Semi-finished steel products	10,962		5,472		508
Total revenues from external customers	$	2,543,583	$	2,621,911	$	3,340,938

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area

The schedule below identifies those foreign countries in which the Company’s sales exceeded 10% of consolidated revenues in any of the last three years ended August 31 (in thousands):



	2014		% of Revenue		2013		% of Revenue		2012		% of Revenue
China	$	390,634	15.4	%	$	562,558	21.5	%	$	719,979	22.0	%
Turkey	261,558		10.3	%	341,418		13.0	%	435,558		13.0	%
South Korea	265,912		10.5	%	N/A		N/A		397,525		12.0	%

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(1)	N/A - sales were less than the 10% threshold and, as such, disclosure is not applicable.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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