XML 22 R28.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

3 Months Ended

Nov. 30, 2011

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The table below illustrates the Company’s operating results from continuing operations by reporting segment for the three months ended November 30 (in thousands):



	2011			2010
Revenues:
Metals Recycling Business:
Revenues	$	728,438		$	591,708
Less: Intersegment revenues	(58,696		)	(31,709		)
MRB external customer revenues	669,742			559,999
Auto Parts Business:
Revenues	84,054			66,681
Less: Intersegment revenues	(21,522		)	(15,210		)
APB external customer revenues	62,532			51,471
Steel Manufacturing Business:
Revenues	79,902			63,634
Total revenues	$	812,176		$	675,104

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The table below illustrates the reconciliation of the Company’s segment operating income (loss) to income from continuing operations before income taxes for the three months ended November 30 (in thousands):



	2011			2010
Metals Recycling Business	$	13,099		$	25,533
Auto Parts Business	10,442			14,039
Steel Manufacturing Business	1,218			(2,035		)
Segment operating income	24,759			37,537
Corporate and eliminations	(9,789		)	(9,097		)
Operating income	14,970			28,440
Interest income	163			55
Interest expense	(3,271		)	(598		)
Other income (expense), net	(556		)	161
Income from continuing operations before income taxes	$	11,306		$	28,058

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):



	November 30, 2011			August 31, 2011
Metals Recycling Business⁽¹⁾	$	1,645,870		$	1,668,778
Auto Parts Business	309,551			304,060
Steel Manufacturing Business	325,486			324,596
Total segment assets	2,280,907			2,297,434
Corporate and eliminations	(352,606		)	(407,265		)
Total assets	$	1,928,301		$	1,890,169

_____________________________


(1)	MRB total assets include $18 million and $17 million as of November 30, 2011 and August 31, 2011, respectively, for investments in joint venture partnerships

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

- 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.

+ References+ Details