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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Revenue        
Revenue $ 450,143 $ 762,557 $ 1,148,754 $ 2,155,764
Cost of revenue        
Cost of revenue 375,011 655,026 1,015,280 1,869,708
Margin 75,132 107,531 133,474 286,056
Selling and administrative expense 49,239 49,494 136,371 158,455
Net (gain) loss on disposition of equipment 184 (8,775) (765) (19,431)
Earnings (loss) from operations 25,709 66,812 (2,132) 147,032
Other costs        
Interest and foreign exchange 10,204 7,562 30,875 33,023
Net loss on extinguishment of debt (4,763)   (4,763)  
Earnings (loss) before income tax and earnings from unconsolidated affiliates 10,742 59,250 (37,770) 114,009
Income tax benefit (expense) 6,914 (24,421) 35,998 (37,878)
Earnings (loss) before earnings from unconsolidated affiliates 17,656 34,829 (1,772) 76,131
Earnings from unconsolidated affiliates 2,379 1,040 1,257 3,764
Net earnings (loss) 20,035 35,869 (515) 79,895
Net (earnings) loss attributable to noncontrolling interest (298) (8,097) 1,215 (30,825)
Net earnings attributable to Greenbrier $ 19,737 $ 27,772 $ 700 $ 49,070
Basic earnings per common share $ 0.61 $ 0.85 $ 0.02 $ 1.50
Diluted earnings per common share $ 0.59 $ 0.83 $ 0.02 $ 1.47
Weighted average common shares:        
Basic [1] 32,573 32,690 32,726 32,660
Diluted 33,605 33,478 33,747 33,414
Manufacturing        
Revenue        
Revenue $ 341,939 $ 653,007 $ 852,755 $ 1,800,317
Cost of revenue        
Cost of revenue 292,464 562,793 775,125 1,567,014
Earnings (loss) from operations 31,341 68,445 23,811 167,693
Wheels, Repair & Parts        
Revenue        
Revenue 80,871 82,024 218,050 259,857
Cost of revenue        
Cost of revenue 73,690 75,001 203,341 241,266
Earnings (loss) from operations 4,173 3,785 6,406 8,219
Leasing & Services        
Revenue        
Revenue 27,333 27,526 77,949 95,590
Cost of revenue        
Cost of revenue 8,857 17,232 36,814 61,428
Earnings (loss) from operations $ 12,280 $ 11,837 $ 24,590 $ 34,407
[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.