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Earnings Per Share (Tables) | 6 Months Ended
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Feb. 28, 2025
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 |  |  | Six Months Ended |
(In thousands) | February 28, 2025 |  |  | February 29, 2024 |  |  | February 28, 2025 |  |  | February 29, 2024 |
Weighted average basic common shares outstanding |  | 31,376 |  |  |  | 31,117 |  |  |  | 31,311 |  |  |  | 31,071 |
Dilutive effect of 2.875% convertible notes due 2024 (1) | N/A |  |  |  | 563 |  |  | N/A |  |  |  | 694 |
Dilutive effect of 2.875% convertible notes due 2028 (2) |  | 893 |  |  |  | — |  |  |  | 488 |  |  |  | — |
Dilutive effect of restricted stock units (3) |  | 959 |  |  |  | 890 |  |  |  | 946 |  |  |  | 911 |
Weighted average diluted common shares outstanding |  | 33,228 |  |  |  | 32,570 |  |  |  | 32,745 |  |  |  | 32,676 |
(1) The dilutive effect of the 2.875% Convertible notes due 2024 was included for the three and six months ended February 29, 2024 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 six months ended February 29, 2024 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 |  |  | Six Months Ended |  |
(in millions, except number of shares which are reflected in thousands, and per share amounts) | February 28, 2025 |  |  | February 29, 2024 |  |  | February 28, 2025 |  |  | February 29, 2024 |  |
Net earnings attributable to Greenbrier | $ | 51.9 |  |  | $ | 33.4 |  |  | $ | 107.2 |  |  | $ | 64.6 |  |
Weighted average basic common shares outstanding |  | 31,376 |  |  |  | 31,117 |  |  |  | 31,311 |  |  |  | 31,071 |  |
Basic earnings per share | $ | 1.66 |  |  | $ | 1.08 |  |  | $ | 3.42 |  |  | $ | 2.08 |  |
Net earnings attributable to Greenbrier | $ | 51.9 |  |  | $ | 33.4 |  |  | $ | 107.2 |  |  | $ | 64.6 |  |
Add back: |  |  |  |  |  |  |  |  |  |  |  |
Interest and debt issuance costs on the 2.875% convertible notes due 2024, net of tax | N/A |  |  |  | 0.2 |  |  | N/A |  |  |  | 0.5 |  |
Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024 | N/A |  |  | $ | 33.6 |  |  | N/A |  |  | $ | 65.1 |  |
Weighted average diluted common shares outstanding |  | 33,228 |  |  |  | 32,570 |  |  |  | 32,745 |  |  |  | 32,676 |  |
Diluted earnings per share (1) | $ | 1.56 |  |  | $ | 1.03 |  |  | $ | 3.28 |  |  | $ | 1.99 |  |
(1) Diluted earnings per share for the three and six months ended February 29, 2024 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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