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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
May 31, 2013
May 31, 2012
Cash flows from operating activities    
Net earnings (loss) $ (28,671) $ 51,307
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Deferred income taxes (9,391) 4,801
Depreciation and amortization 31,523 30,603
Net gain on disposition of equipment (9,615) (8,897)
Accretion of debt discount 2,455 2,416
Stock based compensation expense 4,843 6,724
Goodwill impairment 76,900 [1],[2]  
Other (1,895) 3,586
Decrease (increase) in assets:    
Accounts receivable (15,499) 10,429
Inventories (9,114) (26,748)
Leased railcars for syndication 22,067 (43,561)
Other 338 (1,419)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (43,605) 12,401
Deferred revenue (1,099) 11,991
Net cash provided by operating activities 19,237 53,633
Cash flows from investing activities    
Proceeds from sales of assets 39,611 33,253
Capital expenditures (49,677) (72,117)
Increase in restricted cash (2,629) (3,976)
Investment in and net advances to unconsolidated affiliates (1,016) (544)
Other (3,582) 35
Net cash provided by (used in) investing activities (17,293) (43,349)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 26,973 (49,114)
Proceeds from revolving notes with maturities longer than 90 days 31,847 56,644
Repayments of revolving notes with maturities longer than 90 days (26,877) (23,573)
Proceeds from issuance of notes payable   2,500
Repayments of notes payable (57,592) (6,028)
Investment by joint venture partner 2,577 410
Excess tax benefit from restricted stock awards 777 2,670
Other (8)  
Net cash provided by (used in) financing activities (22,303) (16,491)
Effect of exchange rate changes (1,606) 900
Decrease in cash and cash equivalents (21,965) (5,307)
Cash and cash equivalents    
Beginning of period 53,571 50,222
End of period 31,606 44,915
Cash paid during the period for    
Interest 13,844 10,817
Income taxes, net 16,404 4,013
Non-cash activity    
Transfer of Leased railcars for syndication to Equipment on operating leases 4,640  
Transfer of Equipment on operating leases to Inventories 17,762  
Transfer of Property, plant and equipment, net to Intangibles and other assets, net $ 1,194  
[1] Goodwill impairment relates to the non-cash goodwill impairment charge recognized as part of the Company's annual goodwill impairment analysis as further discussed below.
[2] Relates to the Wheels, Repair & Parts segment.