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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Feb. 28, 2018
Feb. 28, 2017
Revenue        
Revenue $ 629,336 $ 566,282 $ 1,188,871 $ 1,118,596
Cost of revenue        
Cost of revenue 523,989 447,357 994,210 886,920
Margin 105,347 118,925 194,661 231,676
Selling and administrative expense 50,294 39,495 97,337 80,708
Net gain on disposition of equipment (5,817) (2,090) (24,988) (3,212)
Earnings from operations 60,870 81,520 122,312 154,180
Other costs        
Interest and foreign exchange 7,029 5,673 14,049 7,397
Earnings before income taxes and earnings (loss) from unconsolidated affiliates 53,841 75,847 108,263 146,783
Income tax benefit (expense) 11,301 (24,858) (6,834) (45,244)
Earnings before earnings (loss) from unconsolidated affiliates 65,142 50,989 101,429 101,539
Earnings (loss) from unconsolidated affiliates 147 (1,988) (2,763) (4,572)
Net earnings 65,289 49,001 98,666 96,967
Net earnings attributable to noncontrolling interest (3,647) (14,465) (10,771) (37,469)
Net earnings attributable to Greenbrier $ 61,642 $ 34,536 $ 87,895 $ 59,498
Basic earnings per common share $ 2.10 $ 1.19 $ 3.00 $ 2.04
Diluted earnings per common share [1] $ 1.91 $ 1.09 $ 2.74 $ 1.88
Weighted average common shares:        
Basic [2] 29,355 29,130 29,343 29,113
Diluted 32,711 32,427 32,703 32,423
Dividends declared per common share $ 0.23 $ 0.21 $ 0.46 $ 0.42
Manufacturing        
Revenue        
Revenue $ 511,827 $ 445,504 $ 963,312 $ 899,537
Cost of revenue        
Cost of revenue 429,165 346,653 810,015 703,208
Earnings from operations 63,185 85,369 116,154 168,710
Wheels & Parts        
Revenue        
Revenue 88,710 82,714 166,721 152,349
Cost of revenue        
Cost of revenue 80,708 75,497 153,214 140,475
Earnings from operations 5,119 5,569 7,537 8,463
Leasing & Services        
Revenue        
Revenue 28,799 38,064 58,838 66,710
Cost of revenue        
Cost of revenue 14,116 25,207 30,981 43,237
Earnings from operations $ 16,114 $ 9,889 $ 44,304 $ 17,279
[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.