Revenue Recognition (Tables)

3 Months Ended

Nov. 30, 2018

Summary of Contract Balances

The opening and closing balances of the Company’s contract balances are as follows:

(in thousands)	Balance sheet classification	September 1, 2018		November 30, 2018		$ change
Contract assets	Inventories	$	7,228	$	9,741	$	2,513
Contract liabilities 1	Deferred revenue	$	41,250	$	36,763	$	(4,487	)

¹  Contract liabilities balance includes deferred revenue within the scope of the new revenue standard.

Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied

The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.

(in millions)	November 30, 2018
Revenue type 1:
Manufacturing – Railcar Sales	$	2,011.8
Manufacturing – Railcars intended for syndication 2	$	647.3
Manufacturing – Marine	$	55.9
Services	$	138.7

¹ Unsatisfied performance obligation related to Wheels, Repair & Parts revenue is not material

² Not within the scope of the new revenue standard