Rendering

Component: (Network and Table)
Network
2326301 - Disclosure - BUSINESS SEGMENTS (Tables)
(http://www.cmc.com/role/BusinessSegmentsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Segment Reporting [Abstract]Period [Axis]
2015-09-01 - 2016-08-31
Segment Reporting [Abstract]
 
Summary of certain financial information from continuing operations by reportable segment
The following is a summary of certain financial information from continuing operations by reportable segment:
 
 
Americas
 
International
 
 
 
 
 
 
(in thousands)
 
Recycling
 
Mills
 
Fabrication
 
Mill
 
Marketing and Distribution
 
Corporate
 
Eliminations
 
Continuing Operations
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales-unaffiliated customers
 
$
594,275

 
$
839,432

 
$
1,479,125

 
$
516,643

 
$
1,173,969

 
$
7,082

 
$

 
$
4,610,526

Intersegment sales
 
111,479

 
659,416

 
10,330

 
543

 
15,627

 

 
(797,395
)
 

Net sales
 
705,754

 
1,498,848

 
1,489,455

 
517,186

 
1,189,596

 
7,082

 
(797,395
)
 
4,610,526

Adjusted operating profit (loss)
 
(61,284
)
 
209,751

 
68,602

 
28,892

 
(7,087
)
 
(95,085
)
 
5,319

 
149,108

Interest expense*
 
2,210

 
1,942

 
8,356

 
2,608

 
3,524

 
43,591

 

 
62,231

Capital expenditures**
 
4,891

 
110,375

 
14,958

 
27,155

 
289

 
5,587

 

 
163,255

Depreciation and amortization
 
17,919

 
47,924

 
13,620

 
25,902

 
1,302

 
20,273

 

 
126,940

Asset impairment charges
 
38,900

 

 

 
208

 
726

 
194

 

 
40,028

Total assets***
 
188,873

 
798,481

 
659,165

 
372,492

 
564,068

 
1,034,053

 
(493,050
)
 
3,124,082

2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales-unaffiliated customers
 
$
887,068

 
$
1,048,063

 
$
1,612,084

 
$
626,219

 
$
1,814,319

 
$
852

 
$

 
$
5,988,605

Intersegment sales
 
135,553

 
793,749

 
12,154

 
32

 
83,298

 

 
(1,024,786
)
 

Net sales
 
1,022,621

 
1,841,812

 
1,624,238

 
626,251

 
1,897,617

 
852

 
(1,024,786
)
 
5,988,605

Adjusted operating profit (loss)
 
(29,157
)
 
255,507

 
22,424

 
17,555

 
35,376

 
(77,832
)
 
1,409

 
225,282

Interest expense*
 
2,628

 
4,207

 
8,864

 
2,620

 
9,096

 
50,345

 

 
77,760

Capital expenditures**
 
12,811

 
67,203

 
14,883

 
15,413

 
296

 
5,194

 

 
115,800

Depreciation and amortization
 
17,460

 
46,780

 
17,509

 
28,087

 
1,928

 
20,739

 

 
132,503

Asset impairment charges
 
7,494

 

 
1,585

 
124

 
623

 
13

 

 
9,839

Total assets***
 
261,676

 
738,669

 
713,860

 
403,706

 
798,914

 
1,044,178

 
(552,577
)
 
3,408,426

2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales-unaffiliated customers
 
$
1,176,907

 
$
1,198,249

 
$
1,523,573

 
$
822,224

 
$
2,055,202

 
$
14,283

 
$

 
$
6,790,438

Intersegment sales
 
190,163

 
793,085

 
13,912

 
969

 
65,335

 

 
(1,063,464
)
 

Net sales
 
1,367,070

 
1,991,334

 
1,537,485

 
823,193

 
2,120,537

 
14,283

 
(1,063,464
)
 
6,790,438

Adjusted operating profit (loss)
 
(5,687
)
 
256,536

 
6,440

 
30,632

 
30,557

 
(72,347
)
 
(302
)
 
245,829

Interest expense*
 
2,700

 
7,059

 
10,222

 
4,608

 
6,924

 
45,524

 

 
77,037

Capital expenditures**
 
16,771

 
31,781

 
13,798

 
30,770

 
1,122

 
6,907

 

 
101,149

Depreciation and amortization
 
14,832

 
45,392

 
19,192

 
32,209

 
2,328

 
20,269

 

 
134,222

Asset impairment charges
 
1,592

 

 

 
567

 
172

 
974

 

 
3,305

Total assets***
 
316,967

 
762,549

 
734,500

 
466,449

 
822,679

 
1,048,517

 
(469,093
)
 
3,682,568

________________________
* Includes intercompany interest expense (income) in the segments and is all eliminated within Corporate.
** Excludes capital expenditures from discontinued operations that were immaterial for the years ended August 31, 2016, 2015 and 2014.
*** Excludes total assets from discontinued operations of $6.8 million at August 31, 2016, $31.5 million at August 31, 2015 and $151.1 million at August 31, 2014.

 
 
Reconciliations of earnings from continuing operations to adjusted operating profit
Reconciliations of earnings from continuing operations to adjusted operating profit from continuing operations are provided below:
 
 
Year Ended August 31,
(in thousands)
 
2016
 
2015
 
2014
Earnings from continuing operations
 
$
72,543

 
$
99,131

 
$
117,606

Income taxes
 
12,647

 
46,844

 
47,351

Interest expense
 
62,231

 
77,760

 
77,037

Discounts on sales of accounts receivable
 
1,687

 
1,547

 
3,835

Adjusted operating profit from continuing operations
 
$
149,108

 
$
225,282

 
$
245,829


 
 
External net sales from continuing operations by major product
 
 
Year Ended August 31,
(in thousands)
 
2016
 
2015
 
2014
Major product information:
 
 
 
 
 
 
Steel products
 
$
3,156,028

 
$
4,084,092

 
$
4,500,093

Industrial materials
 
453,714

 
566,323

 
659,251

Nonferrous scrap
 
364,690

 
536,856

 
639,961

Ferrous scrap
 
287,713

 
428,192

 
659,578

Construction materials
 
242,961

 
220,232

 
199,154

Nonferrous products
 
13,456

 
10,443

 
8,761

Other
 
91,964

 
142,467

 
123,640

Net sales
 
$
4,610,526

 
$
5,988,605

 
$
6,790,438

 
 
External net sales from continuing operations by geographic area
 
 
Year Ended August 31,
(in thousands)
 
2016
 
2015
 
2014
Geographic area:
 
 
 
 
 
 
United States
 
$
3,220,459

 
$
4,199,789

 
$
4,510,080

Europe
 
771,118

 
1,006,204

 
1,215,150

Asia
 
429,910

 
578,755

 
786,512

Australia/New Zealand
 
125,069

 
121,403

 
175,756

Other
 
63,970

 
82,454

 
102,940

Net sales
 
$
4,610,526

 
$
5,988,605

 
$
6,790,438

 
 
Long-lived assets by geographic area
The following table represents long-lived assets, net of accumulated depreciation and amortization, by geographic area:
 
 
August 31,
(in thousands)
 
2016
 
2015
 
2014
United States
 
$
803,245

 
$
860,784

 
$
864,491

Europe
 
177,778

 
189,796

 
243,280

Asia
 
5,863

 
7,692

 
8,814

Australia/New Zealand
 
534

 
1,292

 
11,309

Total long-lived assets
 
$
987,420

 
$
1,059,564

 
$
1,127,894