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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Cash flows from operating activities    
Net earnings $ 24,011 $ 23,382
Adjustments to reconcile net earnings to net cash used in operating activities:    
Deferred income taxes (6,515) (2,360)
Depreciation and amortization 29,335 20,700
Net gain on disposition of equipment (3,959) (14,353)
Accretion of debt discount 1,350 1,076
Stock based compensation expense 3,157 3,194
Noncontrolling interest adjustments 1,736 3,920
Other (391) 286
Decrease (increase) in assets:    
Accounts receivable, net 58,488 54,834
Inventories (69,662) (63,045)
Leased railcars for syndication (13,132) (116,726)
Other (37,304) (392)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (47,421) (10,949)
Deferred revenue (10,012) 3,314
Net cash used in operating activities (70,319) (97,119)
Cash flows from investing activities    
Proceeds from sales of assets 27,463 34,497
Capital expenditures (23,216) (28,677)
Investment in and advances to unconsolidated affiliates (1,500) (11,393)
Cash distribution from unconsolidated affiliates and other 4,452 1,784
Net cash provided by (used in) investing activities 7,199 (3,789)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 2,399 (4,840)
Proceeds from issuance of notes payable   225,000
Repayments of notes payable (9,749) (173,453)
Debt issuance costs (4) (2,766)
Dividends (343) (467)
Cash distribution to joint venture partner (4,531) (3,185)
Tax payments for net share settlement of restricted stock (1,870) (4,747)
Net cash provided by (used in) financing activities (14,098) 35,542
Effect of exchange rate changes 981 (2,439)
Decrease in cash and cash equivalents and restricted cash (76,237) (67,805)
Cash and cash equivalents and restricted cash    
Beginning of period 338,487 539,474
Cash and cash equivalents and restricted cash, Ending balance 262,250 471,669
Balance Sheet Reconciliation:    
Cash and cash equivalents 253,602 462,797
Restricted cash 8,648 8,872
Cash and cash equivalents and restricted cash, Ending balance 262,250 471,669
Interest 6,601 1,740
Income taxes, net 11,692 7,487
Non-cash activity    
Transfer from Leased railcars for syndication and Inventories to Equipment on operating leases, net 55,626 14,304
Capital expenditures accrued in Accounts payable and accrued liabilities 6,888 6,972
Change in Accounts payable and accrued liabilities associated with dividends declared 8,021 $ 7,830
Conversion of unconsolidated affiliate note receivable to Investment in unconsolidated affiliates 4,760  
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner $ 626