Revenue Recognition (Tables)

9 Months Ended

May 31, 2020

Revenue From Contract With Customer [Abstract]

Summary of Contract Balances

The contract balances are as follows:

(in thousands)	Balance sheet classification	May 31, 2020		August 31, 2019		$ change
Contract assets	Inventories	$	7,471	$	10,196	$	(2,725	)
Contract liabilities 1	Deferred revenue	$	47,648	$	52,118	$	(4,470	)

^{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)	May 31, 2020
Revenue type:
Manufacturing – Railcar sales	$	2,292.1
Manufacturing – Marine	$	36.8
Services	$	134.8
Other	$	132.3
Manufacturing – Railcars intended for syndication 1	$	239.1

^{1 Not a performance obligation as defined in Topic 606}