XML 46 R38.htm IDEA: XBRL DOCUMENT
v3.24.2

Earnings Per Share (Tables) | 9 Months Ended
--- | ---
May 31, 2024
Earnings Per Share [Abstract] |
Reconciliation of Shares Used in Computation of Basic and Diluted Earnings Per Share | The shares used in the computation of basic and diluted earnings per common share are reconciled as follows:
| Three months ended May 31, |  |  | Nine months ended May 31, |
(In thousands) | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Weighted average basic common shares outstanding |  | 31,131 |  |  |  | 31,757 |  |  |  | 31,091 |  |  |  | 32,346 |
Dilutive effect of 2.875% convertible notes due 2024 (1) |  | — |  |  |  | 822 |  |  |  | 461 |  |  |  | — |
Dilutive effect of 2.875% convertible notes due 2028 (2) |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Dilutive effect of restricted stock units (3) |  | 890 |  |  |  | 992 |  |  |  | 904 |  |  |  | 998 |
Weighted average diluted common shares outstanding |  | 32,021 |  |  |  | 33,571 |  |  |  | 32,456 |  |  |  | 33,344 |
(1) The dilutive effect of the 2.875% Convertible notes due 2024 was excluded for the nine months ended May 31, 2023 as they were considered anti-dilutive under the “if converted” method as further discussed below. These notes were retired on February 1, 2024. (2) The dilutive effect of the 2.875% Convertible notes due 2028 was excluded for the three and nine months ended May 31, 2024 and May 31, 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. (3) 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 May 31, |  |  | Nine months ended May 31, |
(in millions, except number of shares which are reflected in thousands, and per share amounts) | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net earnings attributable to Greenbrier | $ | 33.9 |  |  | $ | 21.3 |  |  | $ | 98.5 |  |  | $ | 37.7 |
Weighted average basic common shares outstanding |  | 31,131 |  |  |  | 31,757 |  |  |  | 31,091 |  |  |  | 32,346 |
Basic earnings per share | $ | 1.09 |  |  | $ | 0.67 |  |  | $ | 3.17 |  |  | $ | 1.17 |
Net earnings attributable to Greenbrier | $ | 33.9 |  |  | $ | 21.3 |  |  | $ | 98.5 |  |  | $ | 37.7 |
Add back: |  |  |  |  |  |  |  |  |  |  |
Interest and debt issuance costs on the 2.875% convertible notes due 2024, net of tax | n/a |  |  |  | 0.3 |  |  |  | 0.5 |  |  | n/a |
Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024 | n/a |  |  | $ | 21.6 |  |  | $ | 99.0 |  |  | n/a |
Weighted average diluted common shares outstanding |  | 32,021 |  |  |  | 33,571 |  |  |  | 32,456 |  |  |  | 33,344 |
Diluted earnings per share | $ | 1.06 |  |  | $ | 0.64 |  | (1) | $ | 3.05 |  | (1) | $ | 1.13 |
(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

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration