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Revenue Recognition (Tables)
 12 Months Ended
Aug. 31, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Contract Balances

The opening and closing balances of the Company’s contract balances are as follows:

 

(In thousands)

 

Balance sheet

classification

 

August 31,

2021

 

 

August 31,

2020

 

 

$ change

 

Contract assets

 

Accounts receivable, net

 

$

5,855

 

 

$

430

 

 

$

5,425

 

Contract assets

 

Inventories

 

$

6,727

 

 

$

7,081

 

 

$

(354

)

Contract liabilities 1

 

Deferred revenue

 

$

36,428

 

 

$

27,009

 

 

$

9,419

 

 

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)

 

August 31,

2021

 

Revenue type:

 

 

 

 

Manufacturing – Railcar sales

 

$

2,354.1

 

Manufacturing – Marine

 

$

70.3

 

Services

 

$

132.8

 

Other

 

$

72.3

 

 

 

 

 

 

Manufacturing – Railcars intended for syndication 1

 

$

292.5

 

 

1

Not a performance obligation as defined in Topic 606