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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Revenue        
Revenue $ 1,122.0 $ 682.8 $ 1,888.5 $ 1,233.5
Cost of revenue        
Cost of revenue 1,005.2 628.0 1,702.2 1,131.1
Margin 116.8 54.8 186.3 102.4
Selling and administrative expense 59.0 54.7 112.4 99.0
Net gain on disposition of equipment (9.6) (25.1) (12.9) (33.6)
Impairment of long-lived assets     24.2  
Earnings from operations 67.4 25.2 62.6 37.0
Other costs        
Interest and foreign exchange 21.6 11.8 41.2 24.4
Earnings before income tax and earnings from unconsolidated affiliates 45.8 13.4 21.4 12.6
Income tax expense (11.9) (3.2) (8.1) (1.8)
Earnings before earnings from unconsolidated affiliates 33.9 10.2 13.3 10.8
Earnings from unconsolidated affiliates 2.9 1.0 6.2 6.0
Net earnings 36.8 11.2 19.5 16.8
Net (earnings) loss attributable to noncontrolling interest (3.7) 1.6 (3.1) 6.8
Net earnings attributable to Greenbrier $ 33.1 $ 12.8 $ 16.4 $ 23.6
Basic earnings per common share $ 1.01 $ 0.39 $ 0.50 $ 0.72
Diluted earnings per common share $ 0.97 [1] $ 0.38 [1] $ 0.49 $ 0.70
Weighted average common shares:        
Basic [2] 32,588 32,582 32,654 32,546
Diluted 34,400 34,463 33,654 33,609
Manufacturing        
Revenue        
Revenue $ 968.6 $ 555.7 $ 1,615.1 $ 1,008.2
Cost of revenue        
Cost of revenue 901.2 535.0 1,505.7 956.6
Maintenance Services        
Revenue        
Revenue 98.0 86.6 183.5 159.0
Cost of revenue        
Cost of revenue 89.6 81.7 169.2 152.9
Leasing & Management Services        
Revenue        
Revenue 55.4 40.5 89.9 66.3
Cost of revenue        
Cost of revenue $ 14.4 $ 11.3 $ 27.3 $ 21.6
[1] Diluted earnings per share was calculated as follows:

Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024

Weighted average diluted common shares outstanding

[2] Restricted stock grants and restricted stock units that are considered participating securities, including some grants subject to certain performance criteria, are included in weighted average basic common shares outstanding when the Company is in a net earnings position.