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Segment Information (Tables)

3 Months Ended

Nov. 30, 2012

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

The table below illustrates the Company’s operating results by reporting segment (in thousands):



	Three Months Ended November 30,
	2012			2011
Revenues:
Metals Recycling Business:
Revenues	$	494,461		$	728,438
Less: Intersegment revenues	(47,255		)	(58,696		)
MRB external customer revenues	447,206			669,742
Auto Parts Business:
Revenues	69,555			84,054
Less: Intersegment revenues	(15,970		)	(21,522		)
APB external customer revenues	53,585			62,532
Steel Manufacturing Business:
Revenues	92,029			79,902
Total revenues	$	592,820		$	812,176

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 to income (loss) before income taxes (in thousands):



	Three Months Ended November 30,
	2012			2011
Metals Recycling Business	$	5,654		$	13,099
Auto Parts Business	6,364			10,442
Steel Manufacturing Business	3,404			1,218
Segment operating income	15,422			24,759
Restructuring charges	(1,593		)	—
Corporate and eliminations	(12,616		)	(9,789		)
Operating income	1,213			14,970
Interest expense	(2,017		)	(3,271		)
Other income (expense), net	321			(393		)
Income (loss) before income taxes	$	(483	)	$	11,306

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, 2012			August 31, 2012
Metals Recycling Business⁽¹⁾	$	1,680,808		$	1,696,296
Auto Parts Business	337,734			329,327
Steel Manufacturing Business	325,741			322,398
Total segment assets	2,344,283			2,348,021
Corporate and eliminations	(585,079		)	(584,448		)
Total assets	$	1,759,204		$	1,763,573

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(1)	MRB total assets include $16 million and $17 million as of November 30, 2012 and August 31, 2012, 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.

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- 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.

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