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Segment Information (Tables)
 6 Months Ended
Feb. 28, 2019
Results of Operations
For the three months ended February 28, 2019:
 
 
 
Revenue
 
 
Earnings (loss) from operations
 
(In thousands)
 
External
 
 
Intersegment
 
 
Total
 
 
External
 
 
Intersegment
 
 
Total
 
Manufacturing
 
$
476,019
 
 
$
46,855
 
 
$
522,874
 
 
$
13,990
 
 
$
2,358
 
 
$
16,348
 
Wheels, Repair & Parts
 
 
125,278
 
 
 
8,858
 
 
 
134,136
 
 
 
2,823
 
 
 
(858
)
 
 
1,965
 
Leasing & Services
 
 
57,374
 
 
 
2,911
 
 
 
60,285
 
 
 
21,030
 
 
 
2,101
 
 
 
23,131
 
Eliminations
 
 
—
 
 
 
(58,624
)
 
 
(58,624
)
 
 
—
 
 
 
(3,601
)
 
 
(3,601
)
Corporate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(19,789
)
 
 
—
 
 
 
(19,789
)
 
 
$
658,671
 
 
$
—
 
 
$
658,671
 
 
$
18,054
 
 
$
—
 
 
$
18,054
 
For the six months ended February 28, 2019:
 
 
 
Revenue
 
 
Earnings (loss) from operations
 
(In thousands)
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
Manufacturing
 
$
947,808
 
 
$
53,056
 
 
$
1,000,864
 
 
$
50,845
 
 
$
2,791
 
 
$
53,636
 
Wheels, Repair & Parts
 
 
233,821
 
 
 
24,839
 
 
 
258,660
 
 
 
6,070
 
 
 
(546
)
 
 
5,524
 
Leasing & Services
 
 
81,565
 
 
 
8,910
 
 
 
90,475
 
 
 
38,543
 
 
 
7,553
 
 
 
46,096
 
Eliminations
 
 
—
 
 
 
(86,805
)
 
 
(86,805
)
 
 
—
 
 
 
(9,798
)
 
 
(9,798
)
Corporate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(40,950
)
 
 
—
 
 
 
(40,950
)
 
 
$
1,263,194
 
 
$
—
 
 
$
1,263,194
 
 
$
54,508
 
 
$
—
 
 
$
54,508
 
For the three months ended February 28, 2018:
 
 
 
Revenue
 
 
Earnings (loss) from operations
 
(In thousands)
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
Manufacturing
 
$
511,827
 
 
$
13,948
 
 
$
525,775
 
 
$
63,185
 
 
$
3,415
 
 
$
66,600
 
Wheels, Repair & Parts
 
 
88,710
 
 
 
8,951
 
 
 
97,661
 
 
 
5,119
 
 
 
780
 
 
 
5,899
 
Leasing & Services
 
 
28,799
 
 
 
4,365
 
 
 
33,164
 
 
 
16,114
 
 
 
3,794
 
 
 
19,908
 
Eliminations
 
 
—
 
 
 
(27,264
)
 
 
(27,264
)
 
 
—
 
 
 
(7,989
)
 
 
(7,989
)
Corporate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(23,548
)
 
 
—
 
 
 
(23,548
)
 
 
$
629,336
 
 
$
—
 
 
$
629,336
 
 
$
60,870
 
 
$
—
 
 
$
60,870
 
For the six months ended February 28, 2018:
 
 
 
Revenue
 
 
Earnings (loss) from operations
 
(In thousands)
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
 
 
External
 
 
 
Intersegment
 
 
 
Total
 
Manufacturing
 
$
963,312
 
 
$
30,752
 
 
$
994,064
 
 
$
116,154
 
 
$
7,601
 
 
$
123,755
 
Wheels, Repair & Parts
 
 
166,721
 
 
 
16,683
 
 
 
183,404
 
 
 
7,537
 
 
 
1,528
 
 
 
9,065
 
Leasing & Services
 
 
58,838
 
 
 
5,970
 
 
 
64,808
 
 
 
44,304
 
 
 
5,166
 
 
 
49,470
 
Eliminations
 
 
—
 
 
 
(53,405
)
 
 
(53,405
)
 
 
—
 
 
 
(14,295
)
 
 
(14,295
)
Corporate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(45,683
)
 
 
—
 
 
 
(45,683
)
 
 
$
1,188,871
 
 
$
—
 
 
$
1,188,871
 
 
$
122,312
 
 
$
—
 
 
$
122,312
 
 
 
  
Total assets
 
 
  
February 28,
 
  
August 31,
 
(In thousands)
  
2019
 
  
2018
 
Manufacturing
  
$
1,093,593
 
  
$
1,020,757
 
Wheels, Repair & Parts
  
 
341,317
 
  
 
306,756
 
Leasing & Services
  
 
704,016
 
  
 
578,818
 
Unallocated
  
 
394,295
 
  
 
559,133
 
 
  
$
2,533,221
 
  
$
2,465,464
 
Reconciliation of Earnings from Operations to Earnings Before Income Tax and Earnings (Loss) from Unconsolidated Affiliates
Reconciliation of Earnings from operations to Earnings before income tax and earnings (loss) from unconsolidated affiliates:
 
 
  
Three Months Ended

February 28,
 
  
Six Months Ended

February 28,
 
(In thousands)
  
2019
 
  
2018
 
  
2019
 
  
2018
 
Earnings from operations
  
$
18,054
 
  
$
60,870
 
  
$
54,508
 
  
$
122,312
 
Interest and foreign exchange
  
 
9,237
 
  
 
7,029
 
  
 
13,641
 
  
 
14,049
 
Earnings before income tax and earnings (loss) from unconsolidated affiliates
  
$
8,817
 
  
$
53,841
 
  
$
40,867
 
  
$
108,263