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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Revenue    
Revenue $ 769,359 $ 604,523
Cost of revenue    
Cost of revenue 677,170 531,990
Margin 92,189 72,533
Selling and administrative expense 54,364 50,432
Net gain on disposition of equipment (3,959) (14,353)
Earnings from operations 41,784 36,454
Other costs    
Interest and foreign exchange 12,852 4,404
Earnings before income taxes and earnings from unconsolidated affiliates 28,932 32,050
Income tax expense (5,994) (9,135)
Earnings before earnings from unconsolidated affiliates 22,938 22,915
Earnings from unconsolidated affiliates 1,073 467
Net earnings 24,011 23,382
Net earnings attributable to noncontrolling interest (16,342) (5,426)
Net earnings attributable to Greenbrier $ 7,669 $ 17,956
Basic earnings per common share $ 0.24 $ 0.55
Diluted earnings per common share $ 0.23 $ 0.54
Weighted average common shares:    
Basic [1] 32,629 32,640
Diluted 33,284 33,093
Dividends declared per common share $ 0.25 $ 0.25
Manufacturing    
Revenue    
Revenue $ 657,367 $ 471,789
Cost of revenue    
Cost of revenue 581,912 417,805
Earnings from operations 53,143 36,855
Wheels, Repair & Parts    
Revenue    
Revenue 86,608 108,543
Cost of revenue    
Cost of revenue 81,892 100,978
Earnings from operations 1,114 3,247
Leasing & Services    
Revenue    
Revenue 25,384 24,191
Cost of revenue    
Cost of revenue 13,366 13,207
Earnings from operations $ 9,777 $ 17,513
[1] Restricted stock grants and restricted stock units that are considered participating securities, 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.