Segment Information (Tables)

12 Months Ended

Aug. 31, 2012

The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes.


	Years ended August 31,
(In thousands)	2012			2011			2010
Revenue:
Manufacturing	$	1,370,900		$	770,596		$	305,333
Wheel Services, Refurbishment & Parts		498,336			492,355			402,694
Leasing & Services		90,538			70,498			73,190
Intersegment eliminations		(152,058	)		(90,159	)		(24,937	)

	$	1,807,716		$	1,243,290		$	756,280

Margin:
Manufacturing	$	131,580		$	59,975		$	27,171
Wheel Services, Refurbishment & Parts		48,324			47,416			43,912
Leasing & Services		34,516			32,140			30,915

	$	214,420		$	139,531		$	101,998

Assets:
Manufacturing	$	402,976		$	423,295		$	205,863
Wheel services, Refurbishment & Parts		413,013			400,643			387,356
Leasing & Services		508,539			424,839			377,761
Unallocated		60,016			52,878			101,908

	$	1,384,544		$	1,301,655		$	1,072,888

Depreciation and amortization:
Manufacturing	$	11,754		$	9,853		$	11,061
Wheel Services, Refurbishment & Parts		13,265			11,853			11,435
Leasing & Services		17,352			16,587			15,015

	$	42,371		$	38,293		$	37,511

Capital expenditures:
Manufacturing	$	33,313		$	20,016		$	8,715
Wheel Services, Refurbishment & Parts		11,248			20,087			12,215
Leasing & Services		73,324			44,199			18,059

	$	117,885		$	84,302		$	38,989

Summary of Selected Geographic Information

The following table summarizes selected geographic information.


	Years ended August 31,
(In thousands)	2012		2011		2010
Revenue⁽¹⁾:
U.S.	$	1,642,348	$	1,103,423	$	659,697
Foreign		165,368		139,867		96,583

	$	1,807,716	$	1,243,290	$	756,280

Identifiable assets:
U.S.	$	982,078	$	1,000,249	$	918,553
Canada		718
Mexico		323,318		228,406		115,721
Europe		78,430		73,000		38,614

	$	1,384,544	$	1,301,655	$	1,072,888

⁽¹⁾	Revenue is presented on the basis of geographic location of customers.

Reconciliation of Segment Margin to Earnings (Loss) before Income Tax Loss from Unconsolidated Affiliates

Reconciliation of segment margin to earnings (loss) before income tax loss from unconsolidated affiliates:


	Years ended August 31,
(In thousands)	2012			2011			2010
Segment margin	$	214,420		$	139,531		$	101,998
Less unallocated items:
Selling and administrative		104,596			80,326			69,931
Gain on disposition of equipment		(8,964	)		(8,369	)		(8,170	)
Special items		–			–			(11,870	)
Interest and foreign exchange		24,809			36,992			45,204
Loss (gain) on extinguishment of debt		–			15,657			(2,070	)

Earnings before income tax and loss from unconsolidated affiliates	$	93,979		$	14,925		$	8,973

- 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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