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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Revenue    
Revenue $ 552,314 $ 802,389
Cost of revenue    
Cost of revenue 439,563 617,624
Margin 112,751 184,765
Selling and administrative expense 41,213 36,549
Net gain on disposition of equipment (1,122) (269)
Earnings from operations 72,660 148,485
Other costs    
Interest and foreign exchange 1,724 5,436
Earnings before income taxes and earnings (loss) from unconsolidated affiliates 70,936 143,049
Income tax expense (20,386) (44,719)
Earnings before earnings (loss) from unconsolidated affiliates 50,550 98,330
Earnings (loss) from unconsolidated affiliates (2,584) 383
Net earnings 47,966 98,713
Net earnings attributable to noncontrolling interest (23,004) (29,280)
Net earnings attributable to Greenbrier $ 24,962 $ 69,433
Basic earnings per common share: $ 0.86 $ 2.36
Diluted earnings per common share: [1] $ 0.79 $ 2.15
Weighted average common shares:    
Basic [2] 29,097 29,391
Diluted 32,412 32,578
Dividends declared per common share $ 0.21 $ 0.20
Manufacturing    
Revenue    
Revenue $ 454,033 $ 698,661
Cost of revenue    
Cost of revenue 356,555 533,033
Earnings from operations 83,341 153,704
Wheels & Parts    
Revenue    
Revenue 69,635 78,729
Cost of revenue    
Cost of revenue 64,978 73,002
Earnings from operations 2,894 3,403
Leasing & Services    
Revenue    
Revenue 28,646 24,999
Cost of revenue    
Cost of revenue 18,030 11,589
Earnings from operations $ 7,390 $ 9,958
[1] Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs (net of tax) on convertible notes Weighted average diluted common shares outstanding
[2] Restricted stock grants and restricted stock units, 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.