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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Feb. 28, 2021
Feb. 29, 2020
Revenue        
Revenue $ 295,622 $ 623,848 $ 698,611 $ 1,393,207
Cost of revenue        
Cost of revenue 277,951 537,512 640,269 1,214,682
Margin 17,671 86,336 58,342 178,525
Selling and administrative expense 43,425 54,597 87,132 108,961
Net gain on disposition of equipment (27) (6,697) (949) (10,656)
Earnings (loss) from operations (25,727) 38,436 (27,841) 80,220
Other costs        
Interest and foreign exchange 9,568 12,609 20,671 25,461
Earnings (loss) before income tax and earnings (loss) from unconsolidated affiliates (35,295) 25,827 (48,512) 54,759
Income tax benefit (expense) 21,752 (7,463) 29,084 (13,457)
Earnings (loss) before earnings (loss) from unconsolidated affiliates (13,543) 18,364 (19,428) 41,302
Earnings (loss) from unconsolidated affiliates (378) 1,651 (1,122) 2,724
Net earnings (loss) (13,921) 20,015 (20,550) 44,026
Net (earnings) loss attributable to noncontrolling interest 4,856 (6,386) 1,513 (22,728)
Net earnings (loss) attributable to Greenbrier $ (9,065) $ 13,629 $ (19,037) $ 21,298
Basic earnings (loss) per common share $ (0.28) $ 0.42 $ (0.58) $ 0.65
Diluted earnings (loss) per common share $ (0.28) $ 0.41 $ (0.58) $ 0.64
Weighted average common shares:        
Basic [1] 32,810 32,661 32,766 32,645
Diluted 32,810 33,482 32,766 33,382
Manufacturing        
Revenue        
Revenue $ 202,094 $ 489,943 $ 510,816 $ 1,147,310
Cost of revenue        
Cost of revenue 201,771 422,309 482,661 1,004,221
Earnings (loss) from operations (17,216) 46,105 (7,530) 99,248
Wheels, Repair & Parts        
Revenue        
Revenue 71,623 91,225 137,179 177,833
Cost of revenue        
Cost of revenue 66,667 84,373 129,651 166,265
Earnings (loss) from operations 2,433 3,320 2,233 4,434
Leasing & Services        
Revenue        
Revenue 21,905 42,680 50,616 68,064
Cost of revenue        
Cost of revenue 9,513 30,830 27,957 44,196
Earnings (loss) from operations $ 6,420 $ 12,793 $ 12,310 $ 22,570
[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.