Segment Information (Tables)

12 Months Ended

Aug. 31, 2017

Segment Reporting [Abstract]

Reconciliation of Assets from Segment to Consolidated

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

	2017			2016
Total assets:
Auto and Metals Recycling(1)	$	1,298,757		$	1,186,949
Cascade Steel and Scrap	696,269			696,031
Total segment assets	1,995,026			1,882,980
Corporate and eliminations(2)	(1,061,271		)	(991,551		)
Total assets	$	933,755		$	891,429
Property, plant and equipment, net (3)	$	390,629		$	392,820

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(1) AMR total assets include $5 million and $6 million as of August 31, 2017 and 2016, respectively, for investments in joint ventures. CSS total assets include $7 million and $8 million as of August 31, 2017 and 2016, respectively, for investment in joint ventures.

(2) The substantial majority of Corporate and eliminations total assets is comprised of Corporate intercompany payables to the Company's operating segments and intercompany eliminations.

(3) Property, plant and equipment, net includes $17 million and $19 million as of August 31, 2017 and 2016, 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):

	2017			2016			2015
Auto and Metals Recycling:
Revenues	$	1,363,618		$	1,060,592		$	1,513,315
Less: Intersegment revenues	(15,647		)	(12,081		)	(33,029		)
AMR external customer revenues	1,347,971			1,048,511			1,480,286
Cascade Steel and Scrap:
Revenues	339,620			304,032			435,113
Total revenues	$	1,687,591		$	1,352,543		$	1,915,399
Depreciation and amortization:
Auto and Metals Recycling	$	34,853		$	39,033		$	50,126
Cascade Steel and Scrap	12,525			13,052			14,164
Segment depreciation and amortization	47,378			52,085			64,290
Corporate	2,462			2,545			2,825
Total depreciation and amortization	$	49,840		$	54,630		$	67,115
Capital expenditures:
Auto and Metals Recycling	$	34,575		$	26,623		$	21,845
Cascade Steel and Scrap	10,224			7,044			7,816
Segment capital expenditures	44,799			33,667			29,661
Corporate	141			904			2,636
Total capital expenditures	$	44,940		$	34,571		$	32,297
Reconciliation of the Company’s segment operating income (loss) to income (loss) from continuing operations before income taxes:
Auto and Metals Recycling(1)	$	91,405		$	23,168		$	(166,119	)
Cascade Steel and Scrap(2)	5,275			4,696			20,535
Segment operating income (loss)	96,680			27,864			(145,584		)
Restructuring charges and other exit-related activities	109			(6,781		)	(13,008		)
Corporate and eliminations	(40,776		)	(28,925		)	(36,937		)
Operating income (loss)	56,013			(7,842		)	(195,529		)
Interest expense	(8,081		)	(8,889		)	(9,191		)
Other income, net	758			1,226			4,256
Income (loss) from continuing operations before income taxes	$	48,690		$	(15,505	)	$	(200,464	)

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(1) AMR operating income (loss) includes $2 million, less than $1 million and $1 million in income from joint ventures accounted for by the equity method in fiscal 2017, 2016 and 2015, respectively. AMR operating income (loss) includes a goodwill impairment charge of $9 million in fiscal 2016, and other asset impairment charges (recoveries), net of less than $(1) million, $16 million and $44 million in fiscal 2017, 2016 and 2015, respectively.

(2) CSS operating income includes $1 million, less than $1 million and $1 million in income from joint ventures accounted for by the equity method in fiscal 2017, 2016 and 2015, respectively. CSS operating income includes asset impairment charges (recoveries), net of $(1) million and $4 million in fiscal 2017 and 2016, 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):

	2017		2016		2015
Revenues based on sales destination:
Foreign	$	894,265	$	683,569	$	984,910
Domestic	793,326		668,974		930,489
Total revenues from external customers	$	1,687,591	$	1,352,543	$	1,915,399
Major product information:
Ferrous scrap metal	$	855,161	$	619,060	$	922,291
Nonferrous scrap metal	425,989		340,025		488,036
Retail and other	126,235		123,553		130,035
Finished steel products	280,206		269,355		363,795
Semi-finished steel products	—		550		11,242
Total revenues from external customers	$	1,687,591	$	1,352,543	$	1,915,399

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):

	2017		2016		2015
Revenues based on sales destination:
Foreign	$	894,265	$	683,569	$	984,910
Domestic	793,326		668,974		930,489
Total revenues from external customers	$	1,687,591	$	1,352,543	$	1,915,399
Major product information:
Ferrous scrap metal	$	855,161	$	619,060	$	922,291
Nonferrous scrap metal	425,989		340,025		488,036
Retail and other	126,235		123,553		130,035
Finished steel products	280,206		269,355		363,795
Semi-finished steel products	—		550		11,242
Total revenues from external customers	$	1,687,591	$	1,352,543	$	1,915,399

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

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

	2017		% of Revenue		2016		% of Revenue		2015		% of Revenue
China	$	216,231	13	%	$	150,570	11	%	$	240,279	13	%
Turkey(1)	N/A		N/A		163,696		12	%	225,040		12	%

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(1) N/A = Sales were less than the 10% threshold.