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Earnings (Loss) Per Share (Tables) | 3 Months Ended
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Nov. 30, 2023
Earnings Per Share [Abstract] |
Reconciliation of Shares Used in Computation of Basic and Diluted Earnings (Loss) Per Share | The shares used in the computation of basic and diluted earnings (loss) per common share are reconciled as follows:
| Three Months Ended November 30, |
(In thousands) | 2023 |  |  | 2022 |
Weighted average basic common shares outstanding |  | 31,025 |  |  |  | 32,719 |
Dilutive effect of 2.875% convertible notes due 2024 (1) |  | 826 |  |  |  | — |
Dilutive effect of 2.875% convertible notes due 2028 (2) (3) |  | — |  |  |  | — |
Dilutive effect of restricted stock units (2) (4) |  | 931 |  |  |  | — |
Weighted average diluted common shares outstanding |  | 32,782 |  |  |  | 32,719 |
(1) The dilutive effect of the 2.875% Convertible notes due 2024 was excluded for the three months ended November 30, 2022 as they were considered anti-dilutive under the “if converted” method as further discussed below. (2) The dilutive effect of common stock equivalents was excluded from the share calculation for the three months ended November 30, 2022 due to a net loss. (3) The dilutive effect of the 2.875% Convertible notes due 2028 was excluded for the three months ended November 30, 2023 as the average stock price was less than the applicable conversion price and therefore was considered anti-dilutive. As these notes require cash settlement for the principal, only a premium is potentially dilutive under the "if converted" method as further discussed below. (4) Restricted stock units and restricted stock units subject to performance criteria, for which actual levels of performance above target have been achieved, are included in weighted average diluted common shares outstanding when the Company is in a net earnings position.
Approach to Calculate Diluted Earnings per Share |
| Three Months Ended November 30, |
(in millions, except number of shares which are reflected in thousands, and per share amounts) | 2023 |  |  | 2022 |
Net earnings (loss) attributable to Greenbrier | $ | 31.2 |  |  | $ | (16.7 | )
Weighted average basic common shares outstanding |  | 31,025 |  |  |  | 32,719 |
Basic earnings (loss) per share | $ | 1.00 |  |  | $ | (0.51 | )
Net earnings (loss) attributable to Greenbrier | $ | 31.2 |  |  | $ | (16.7 | )
Add back: |  |  |  |  |
Interest and debt issuance costs on the 2.875% convertible notes due 2024, net of tax |  | 0.3 |  |  | n/a |
Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024 | $ | 31.5 |  |  | n/a |
Weighted average diluted common shares outstanding |  | 32,782 |  |  |  | 32,719 |
Diluted earnings (loss) per share | $ | 0.96 |  | (1) | $ | (0.51 | )
(1) Diluted earnings per share was calculated as follows: Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024 Weighted average diluted common shares outstanding

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- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52 + Details
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