Segment Information (Tables)

12 Months Ended

Aug. 31, 2012

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

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



	2012			2011
Total assets:
Metals Recycling Business⁽¹⁾	$	1,696,296		$	1,668,778
Auto Parts Business	329,327			304,060
Steel Manufacturing Business	322,398			324,596
Total segment assets	2,348,021			2,297,434
Corporate and eliminations	(584,448		)	(407,265		)
Total assets	$	1,763,573		$	1,890,169
Property, plant and equipment, net⁽²⁾	$	564,185		$	555,284

_____________________________


(1)	MRB total assets include $17 million as of August 31, 2012 and 2011, for investments in joint venture partnerships.


(2)	Property, plant and equipment, net includes $67 million and $49 million as of August 31, 2012 and 2011, respectively, at our Canadian locations.

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

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



	2012			2011			2010
Metals Recycling Business:
Revenues	$	2,948,707		$	3,070,004		$	1,979,770
Less: Intersegment revenues	(183,906		)	(169,331		)	(155,310		)
MRB external customer revenues	2,764,801			2,900,673			1,824,460
Auto Parts Business:
Revenues	316,884			319,833			241,233
Less: Intersegment revenues	(73,974		)	(78,795		)	(49,538		)
APB external customer revenues	242,910			241,038			191,695
Steel Manufacturing Business:
Revenues	333,227			317,483			285,085
Total revenues	$	3,340,938		$	3,459,194		$	2,301,240
Depreciation and amortization:
Metals Recycling Business	$	57,855		$	49,773		$	38,516
Auto Parts Business	10,920			10,131			7,568
Steel Manufacturing Business	9,436			10,782			12,879
Segment depreciation and amortization	78,211			70,686			58,963
Corporate	4,045			4,180			4,265
Total depreciation and amortization	$	82,256		$	74,866		$	63,228
Capital expenditures:
Metals Recycling Business	$	60,212		$	88,917		$	53,753
Auto Parts Business	7,525			7,099			4,682
Steel Manufacturing Business	5,556			3,328			3,255
Segment capital expenditures	73,293			99,344			61,690
Corporate	5,267			5,620			2,634
Total capital expenditures	$	78,560		$	104,964		$	64,324
Reconciliation of the Company’s segment operating income (loss) to income from continuing operations before income taxes:
Metals Recycling Business⁽¹⁾	$	63,872		$	164,646		$	118,449
Auto Parts Business	33,304			64,027			51,096
Steel Manufacturing Business	(2,081		)	2,562			(5,862		)
Segment operating income	95,095			231,235			163,683
Restructuring charges	(5,012		)	—			—
Corporate and eliminations	(36,415		)	(45,271		)	(37,786		)
Operating income	53,668			185,964			125,897
Interest expense	(11,880		)	(8,436		)	(2,343		)
Other income, net	1,168			3,277			1,779
Income from continuing operations before income taxes	$	42,956		$	180,805		$	125,333

_____________________________


(1)	MRB operating income includes $2 million, $5 million and $3 million in income from joint ventures accounted for by the equity method in fiscal 2012, 2011 and 2010, respectively.

Schedule Of Revenues From External Customers by Sales Destination, Reporting Segment And Major Product [Table Text Block]

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):



	2012		2011		2010
Revenues based on sales destination:
Foreign	$	2,284,152	$	2,471,737	$	1,570,936
Domestic	1,056,786		987,457		730,304
Total revenues from external customers	$	3,340,938	$	3,459,194	$	2,301,240

Major product information:
Ferrous scrap metal	$	2,117,055	$	2,259,229	$	1,403,354
Nonferrous scrap metal and other	647,746		641,444		421,106
Auto parts	242,910		241,038		191,695
Finished steel products	332,719		317,338		270,712
Semi-finished steel products	508		145		14,373
Total revenues from external customers	$	3,340,938	$	3,459,194	$	2,301,240

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

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):



	2012		% of Revenue		2011		% of Revenue		2010		% of Revenue
China	$	719,979	22.0	%	$	884,744	25.6	%	$	487,098	21.2	%
Turkey	435,558		13.0	%	N/A		N/A		N/A		N/A
South Korea	$	397,525	12.0	%	N/A		N/A		$	260,456	11.3	%

_____________________________


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

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ 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