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Segment Information (Tables)
 6 Months Ended
Feb. 28, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below illustrates the Company’s operating results by reporting segment (in thousands):
 
Three Months Ended February 28,
 
Six Months Ended February 28,
 
2015
 
2014
 
2015
 
2014
Revenues:
 
 
 
 
 
 
 
Metals Recycling Business:
 
 
 
 
 
 
 
Revenues
$
340,543

 
$
535,690

 
$
796,820

 
$
1,025,999

Less: Intersegment revenues
(44,728
)
 
(45,140
)
 
(100,009
)
 
(94,893
)
MRB external customer revenues
295,815

 
490,550

 
696,811

 
931,106

Auto Parts Business:
 
 
 
 
 
 
 
Revenues
69,135

 
76,360

 
150,056

 
155,995

Less: Intersegment revenues
(18,844
)
 
(22,219
)
 
(40,389
)
 
(42,790
)
APB external customer revenues
50,291

 
54,141

 
109,667

 
113,205

Steel Manufacturing Business:
 
 
 
 
 
 
 
Revenues
93,126

 
81,456

 
188,344

 
169,580

Total revenues
$
439,232

 
$
626,147

 
$
994,822

 
$
1,213,891
Reconciliation of Operating Income from Segments to Consolidated
The table below illustrates the reconciliation of the Company’s segment operating income (loss) to income (loss) before income taxes (in thousands):
 
Three Months Ended February 28,
 
Six Months Ended February 28,
 
2015
 
2014
 
2015
 
2014
Metals Recycling Business
$
(186,679
)
 
$
10,605

 
$
(184,757
)
 
$
11,195

Auto Parts Business
(2,891
)
 
4,575

 
(930
)
 
10,184

Steel Manufacturing Business
3,799

 
3,573

 
10,006

 
5,318

Segment operating income (loss)
(185,771
)
 
18,753

 
(175,681
)
 
26,697

Restructuring charges and other exit-related costs
(8,371
)
 
(2,006
)
 
(8,994
)
 
(3,819
)
Corporate and eliminations
(10,767
)
 
(10,163
)
 
(20,155
)
 
(19,921
)
Operating income (loss)
(204,909
)
 
6,584

 
(204,830
)
 
2,957

Interest expense
(2,345
)
 
(2,816
)
 
(4,769
)
 
(5,517
)
Other income (expense), net
1,620

 
(142
)
 
2,372

 
33

Income (loss) before income taxes
$
(205,634
)
 
$
3,626

 
$
(207,227
)
 
$
(2,527
)
Reconciliation of Assets from Segment to Consolidated
The following is a summary of the Company’s total assets by reporting segment (in thousands):
 
February 28, 2015
 
August 31, 2014
Metals Recycling Business(1)
$
1,132,825

 
$
1,343,771

Auto Parts Business
346,985

 
361,411

Steel Manufacturing Business
361,232

 
350,344

Total segment assets
1,841,042

 
2,055,526

Corporate and eliminations
(770,436
)
 
(700,316
)
Total assets
$
1,070,606

 
$
1,355,210

_____________________________
(1)
MRB total assets include $15 million as of February 28, 2015 and August 31, 2014, for investments in joint venture partnerships.