Segment Information (Tables)

12 Months Ended

Aug. 31, 2015

Reconciliation of Assets from Segment to Consolidated

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



	2015			2014
Total assets:
Auto and Metals Recycling⁽¹⁾	$	1,492,906		$	1,708,392
Steel Manufacturing Business	370,955			350,344
Total segment assets	1,863,861			2,058,736
Corporate and eliminations	(901,562		)	(703,526		)
Total assets	$	962,299		$	1,355,210
Property, plant and equipment, net⁽²⁾	$	427,554		$	523,433

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(1)	AMR total assets include $15 million as of August 31, 2015 and 2014 for investments in joint ventures.


(2)	Property, plant and equipment, net includes $29 million and $75 million as of August 31, 2015 and 2014, respectively, at our Canadian locations.

Schedule of Segment Reporting Information, by Segment

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



	2015			2014			2013
Auto and Metals Recycling:
Revenues	$	1,716,296		$	2,334,389		$	2,442,679
Less: Intersegment revenues	(175,934		)	(188,103		)	(178,341		)
AMR external customer revenues	1,540,362			2,146,286			2,264,338
Steel Manufacturing Business:
Revenues	375,037			388,640			352,454
Total revenues	$	1,915,399		$	2,534,926		$	2,616,792
Depreciation and amortization:
Auto and Metals Recycling	$	56,767		$	66,894		$	69,896
Steel Manufacturing Business	7,523			8,256			9,072
Segment depreciation and amortization	64,290			75,150			78,968
Corporate	2,825			2,724			3,241
Total depreciation and amortization	$	67,115		$	77,874		$	82,209
Capital expenditures:
Auto and Metals Recycling	$	22,762		$	29,281		$	74,699
Steel Manufacturing Business	6,899			5,379			7,582
Segment capital expenditures	29,661			34,660			82,281
Corporate	2,636			4,487			8,100
Total capital expenditures	$	32,297		$	39,147		$	90,381
Reconciliation of the Company’s segment operating income (loss) to income (loss) from continuing operations before income taxes:
Auto and Metals Recycling⁽¹⁾	$	(164,031	)	$	55,089		$	(281,812	)
Steel Manufacturing Business	20,378			18,538			6,541
Segment operating income (loss)	(143,653		)	73,627			(275,271		)
Restructuring charges and other exit-related costs	(13,008		)	(6,830		)	(7,906		)
Corporate and eliminations	(38,868		)	(42,433		)	(40,001		)
Operating income (loss)	(195,529		)	24,364			(323,178		)
Interest expense	(9,191		)	$	(10,597	)	(9,623		)
Other income, net	4,256			1,215			77
Income (loss) from continuing operations before income taxes	$	(200,464	)	$	14,982		$	(332,724	)

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(1)

AMR operating income (loss) includes $2 million, $1 million and $1 million in income from joint ventures accounted for by the equity method in fiscal 2015, 2014 and 2013, respectively. The AMR operating income (loss) for fiscal 2015, 2014 and 2013 includes a goodwill impairment charge of $141 million, zero and $321 million , respectively, and other asset impairment charges of $44 million, $1 million and $13 million, respectively.

Revenue from External Customers by Geographic Areas

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):



	2015		2014		2013
Revenues based on sales destination:
Foreign	$	984,910	$	1,472,023	$	1,657,200
Domestic	930,489		1,062,903		959,592
Total revenues from external customers	$	1,915,399	$	2,534,926	$	2,616,792

Major product information:
Ferrous scrap metal	$	922,291	$	1,440,582	$	1,550,995
Nonferrous scrap metal	488,036		556,139		562,968
Retail and other	130,035		149,565		150,375
Finished steel products	363,795		377,678		346,982
Semi-finished steel products	11,242		10,962		5,472
Total revenues from external customers	$	1,915,399	$	2,534,926	$	2,616,792

Schedule Of Revenues From External Customers by 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):



	2015		2014		2013
Revenues based on sales destination:
Foreign	$	984,910	$	1,472,023	$	1,657,200
Domestic	930,489		1,062,903		959,592
Total revenues from external customers	$	1,915,399	$	2,534,926	$	2,616,792

Major product information:
Ferrous scrap metal	$	922,291	$	1,440,582	$	1,550,995
Nonferrous scrap metal	488,036		556,139		562,968
Retail and other	130,035		149,565		150,375
Finished steel products	363,795		377,678		346,982
Semi-finished steel products	11,242		10,962		5,472
Total revenues from external customers	$	1,915,399	$	2,534,926	$	2,616,792

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):



	2015		% of Revenue		2014		% of Revenue		2013		% of Revenue
China	$	240,279	12.5	%	$	390,634	15.4	%	$	562,558	21.5	%
Turkey	225,040		11.7	%	261,558		10.3	%	341,418		13.0	%
South Korea⁽¹⁾	N/A		N/A		265,912		10.5	%	N/A		N/A

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