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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Revenue        
Revenue $ 623,848 $ 658,671 $ 1,393,207 $ 1,263,194
Cost of revenue        
Cost of revenue 537,512 604,827 1,214,682 1,136,817
Margin 86,336 53,844 178,525 126,377
Selling and administrative expense 54,597 47,892 108,961 98,324
Net gain on disposition of equipment (6,697) (12,102) (10,656) (26,455)
Earnings from operations 38,436 18,054 80,220 54,508
Other costs        
Interest and foreign exchange 12,609 9,237 25,461 13,641
Earnings before income taxes and earnings (loss) from unconsolidated affiliates 25,827 8,817 54,759 40,867
Income tax expense (7,463) (2,248) (13,457) (11,383)
Earnings before earnings (loss) from unconsolidated affiliates 18,364 6,569 41,302 29,484
Earnings (loss) from unconsolidated affiliates 1,651 (786) 2,724 (319)
Net earnings 20,015 5,783 44,026 29,165
Net earnings attributable to noncontrolling interest (6,386) (3,018) (22,728) (8,444)
Net earnings attributable to Greenbrier $ 13,629 $ 2,765 $ 21,298 $ 20,721
Basic earnings per common share $ 0.42 $ 0.08 $ 0.65 $ 0.63
Diluted earnings per common share $ 0.41 $ 0.08 $ 0.64 $ 0.63
Weighted average common shares:        
Basic [1] 32,661 32,628 32,645 32,634
Diluted 33,482 33,206 33,382 33,149
Dividends declared per common share $ 0.27 $ 0.25 $ 0.52 $ 0.50
Manufacturing        
Revenue        
Revenue $ 489,943 $ 476,019 $ 1,147,310 $ 947,808
Cost of revenue        
Cost of revenue 422,309 442,996 1,004,221 860,801
Earnings from operations 46,105 13,990 99,248 50,845
Wheels, Repair & Parts        
Revenue        
Revenue 91,225 125,278 177,833 233,821
Cost of revenue        
Cost of revenue 84,373 118,455 166,265 219,433
Earnings from operations 3,320 2,823 4,434 6,070
Leasing & Services        
Revenue        
Revenue 42,680 57,374 68,064 81,565
Cost of revenue        
Cost of revenue 30,830 43,376 44,196 56,583
Earnings from operations $ 12,793 $ 21,030 $ 22,570 $ 38,543
[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.