Revenue Recognition (Tables)

3 Months Ended

Nov. 30, 2019

Summary of Contract Balances

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

(in thousands)	Balance sheet classification		November 30, 2019		August 31, 2019		$ change
Contract assets		Inventories	$	9,045	$	10,196	$	(1,151	)
Contract liabilities 1		Deferred revenue	$	43,105	$	52,118	$	(9,013	)

1 Contract liabilities balance includes deferred revenue within the scope of Topic 606.

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, 2019
Revenue type:
Manufacturing – Railcar sales	$	2,722.9
Manufacturing – Marine	$	80.2
Services	$	150.0
Other	$	65.2
Manufacturing – Railcars intended for syndication 1	$	298.3

1 Not a performance obligation as defined in Topic 606: Contracts with Customers