Note 18 - Segment Information The accounting standards for reporting information about operating segments define an operating segment as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses for which discrete financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. AMR acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers, and procures salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores. These auto parts stores also supply the Companys shredding facilities with auto bodies that are processed into saleable recycled scrap metal. CSS operates a steel mini-mill that produces a range of finished steel long products using ferrous recycled scrap metal and other raw materials. CSSs steel mill obtains substantially all of its scrap metal raw material requirements from its integrated metals recycling and joint venture operations. CSSs metals recycling operations also sell recycled metal to external customers primarily in export markets. The Company holds noncontrolling ownership interests in joint ventures, which are either in the metals recycling business or are suppliers of unprocessed metal. The Companys allocable portion of the results of these joint ventures is reported within the segment results. As of August 31, 2020, the Company had two 50%-owned joint venture interests, one presented as part of AMR operations, and one presented as part of CSS operations. The joint venture within CSS sells recycled scrap metal to other operations within CSS at prices that approximate local market rates, which produces intercompany profit. This intercompany profit is eliminated while the products remain in inventory and is not recognized until the finished products are sold to third parties. During fiscal 2018, two of the Companys 50% joint venture interests presented as part of AMR operations dissolved. Intersegment sales are made at prices that approximate local market rates. These intercompany sales tend to produce intercompany profit which is not recognized until the finished products are ultimately sold to third parties. The information provided below is obtained from internal information that is provided to the Companys chief operating decision maker for the purpose of corporate management. The Company uses segment operating income to measure segment performance. The Company does not allocate corporate interest income and expense, income taxes and other income and expense to its segments. Certain expenses related to shared services that support operational activities and transactions are allocated from Corporate to the segments. Unallocated Corporate expense consists primarily of expense for management and certain administrative services that benefit both segments. In addition, the Company does not allocate certain items to segment operating income because management does not include the information in its measurement of the performance of the segments. Such unallocated items include restructuring charges and other exit-related activities, charges (net of recoveries) related to legacy environmental matters, and provisions for certain legal matters. Because of the unallocated income and expense, the operating income of each segment does not reflect the operating income the segment would report as a stand-alone business. The results of discontinued operations are excluded from segment operating income and are presented separately, net of tax, from the results of ongoing operations for all periods presented. In the fourth quarter of fiscal 2018, the Company modified its measurement of segment operating income to classify all legacy environmental charges within Corporate in order to align the measures with how the Chief Executive Officer, who is considered the Companys chief operating decision maker, reviews performance and makes decisions on resource allocation. The change has been applied prospectively beginning in the fourth quarter of fiscal 2018, and such legacy environmental charges incurred during the quarter are reported within the Corporate division. In the fourth quarter of fiscal 2018, the Company recorded $1 million of legacy environmental charges to the Corporate division that, prior to the change, would have been classified within AMR. Legacy environmental charges reflected in AMRs operating results prior to the change are not material to the Consolidated Financial Statements either individually or in the aggregate. Environmental charges are reported within selling, general and administrative expense in the Consolidated Statements of Operations. The following is a summary of the Companys total assets as of August 31 (in thousands): 2020 2019 Total assets: Auto and Metals Recycling (1) $ 1,746,170 $ 1,561,267 Cascade Steel and Scrap 793,305 769,930 Total segment assets 2,539,475 2,331,197 Corporate and eliminations (2) (1,309,548 ) (1,170,451 ) Total assets $ 1,229,927 $ 1,160,746 Property, plant and equipment, net (3) $ 487,004 $ 456,400 (1) AMR total assets include $2 million and $3 million as of August 31, 2020 and 2019, respectively, for investment in joint ventures. CSS total assets include $8 million and $7 million as of August 31, 2020 and 2019, respectively, for investment in joint ventures. (2) The substantial majority of Corporate and eliminations total assets consist of Corporate intercompany payables to the Companys operating segments and intercompany eliminations. (3) Property, plant and equipment, net includes $16 million and $14 million as of August 31, 2020 and 2019, respectively, at the Companys Canadian locations. The table below illustrates the Companys results from continuing operations by reportable segment for the years ended August 31 (in thousands): 2020 2019 2018 AMR: Revenues $ 1,307,812 $ 1,684,977 $ 1,908,966 Less: Intersegment revenues (7,634 ) (11,612 ) (24,892 ) AMR external customer revenues 1,300,178 1,673,365 1,884,074 CSS: Revenues 413,257 459,416 480,641 Less: Intersegment revenues (1,092 )   CSS external customer revenues 412,165 459,416 480,641 Total revenues $ 1,712,343 $ 2,132,781 $ 2,364,715 Depreciation and amortization: AMR $ 43,609 $ 38,816 $ 35,564 CSS 12,009 11,781 11,724 Segment depreciation and amortization 55,618 50,597 47,288 Corporate 2,555 2,739 2,384 Total depreciation and amortization $ 58,173 $ 53,336 $ 49,672 Capital expenditures: AMR $ 62,008 $ 78,706 $ 67,099 CSS 18,892 15,345 9,600 Segment capital expenditures 80,900 94,051 76,699 Corporate 1,105 562 927 Total capital expenditures $ 82,005 $ 94,613 $ 77,626 Reconciliation of the Companys segment operating income to income from continuing operations before income taxes: AMR (1) $ 34,438 $ 95,991 $ 169,120 CSS (2) 22,983 31,951 38,286 Segment operating income 57,421 127,942 207,406 Restructuring charges and other exit-related activities (8,993 ) (365 ) 661 Corporate and eliminations (41,574 ) (43,712 ) (59,079 ) Operating income 6,854 83,865 148,988 Interest expense (8,669 ) (8,266 ) (8,983 ) Other (expense) income, net (124 ) 641 1,848 (Loss) income from continuing operations before income taxes $ (1,939 ) $ 76,240 $ 141,853 (1) AMR operating income includes less than $1 million, less than $1 million, and less than $(1) million in income (loss) from joint ventures accounted for by the equity method in fiscal 2020, 2019 and 2018, respectively. (2) CSS operating income includes $ 1 million, $ 1 million, and $ 2 million in income from joint ventures accounted for by the equity method in fiscal 2020 , 2019 and 2018 , respectively . The following revenues from external customers are presented by major product and based on the sales destination for the years ended August 31 (in thousands): 2020 2019 2018 Major product information (1) : Ferrous revenues $ 862,490 $ 1,164,719 $ 1,328,447 Nonferrous revenues 390,298 468,023 529,466 Steel revenues (2) 336,980 367,956 367,560 Retail and other revenues 122,575 132,083 139,242 Total revenues $ 1,712,343 $ 2,132,781 $ 2,364,715 Revenues based on sales destination: Foreign $ 910,785 $ 1,141,077 $ 1,354,460 Domestic 801,558 991,704 1,010,255 Total revenues $ 1,712,343 $ 2,132,781 $ 2,364,715 (1) In fiscal 2019, the Company modified its categories of revenues from external customers by major product. The major product revenues for fiscal 2018 have been revised to conform to the current presentation, with such revisions being immaterial for the year. (2) Steel revenues include primarily sales of finished steel products, semi-finished goods (billets) and manufacturing scrap. In fiscal 2020, 2019 and 2018, the Company had no external customer that accounted for more than 10% of the Companys consolidated revenues. Sales to customers located in foreign countries are a significant part of the Companys business. The schedule below identifies those foreign countries to which the Companys sales exceeded 10% of consolidated revenues in any of the last three years ended August 31 (in thousands): 2020 % of Revenue 2019 % of Revenue 2018 % of Revenue Turkey $ 222,141 13 % N/A N/A $ 262,835 11 % Bangladesh $ 197,391 12 % N/A N/A N/A N/A China N/A N/A N/A N/A $ 255,097 11 % N/A = Sales were less than the 10% threshold.