Exhibit 99.1
Item 6 — Selected Financial Data attached hereto is being restated to correct certain inadvertent errors in the non-cash interest expense and non-cash stock based compensation rows. No other revisions or changes were made to Item 6 — Selected Financial Data.
Item 6. SELECTED FINANCIAL DATA
The selected financial data below is restated for the effects of ASC 470-20Debt — Debt Conversion and other Optionsand ASC 810-10-65Consolidation — Transition related to SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements — an amendment of ARB No. 51. See Note 31 of Notes to Consolidated Financial Statements included in Item 8 in the Form 8-K filed on April 7, 2010.
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| YEARS ENDED AUGUST 31, |
| (In thousands, except per share data) | | 2009 | | 2008 | | 2007 | | 2006 | | 2005 |
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Statement of Operations Data | | | | | | | | | | | | | | | | | | | | |
| Revenue: | | | | | | | | | | | | | | | | | | | | |
| Manufacturing | | $ | 462,496 | | | $ | 665,093 | | | $ | 738,424 | | | $ | 748,818 | | | $ | 844,496 | |
| Refurbishment & Parts | | | 476,164 | | | | 527,466 | | | | 381,670 | | | | 102,471 | | | | 96,665 | |
| Leasing & Services | | | 79,465 | | | | 97,520 | | | | 103,734 | | | | 102,534 | | | | 83,061 | |
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| | | $ | 1,018,125 | | | $ | 1,290,079 | | | $ | 1,223,828 | | | $ | 953,823 | | | $ | 1,024,222 | |
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| Earnings (loss) from continuing operations | | $ | (56,391 | ) | | $ | 17,383 | | | $ | 20,007 | | | $ | 38,976 | | | $ | 29,822 | |
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| Earnings from discontinued operations | | | — | | | | — | | | | — | | | | 62 | (2) | | | — | |
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| Net earnings (loss) attributable to controlling interest | | $ | (56,391 | )(1) | | $ | 17,383 | (1) | | $ | 20,007 | (1) | | $ | 39,038 | | | $ | 29,822 | |
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| Basic earnings (loss) per common share attributable to controlling interest: | | | | | | | | | | | | | | | | | | | | |
| Continuing operations | | $ | (3.35 | ) | | $ | 1.06 | | | $ | 1.25 | | | $ | 2.48 | | | $ | 1.99 | |
| Net earnings (loss) | | $ | (3.35 | ) | | $ | 1.06 | | | $ | 1.25 | | | $ | 2.48 | | | $ | 1.99 | |
| Diluted earnings (loss) per common share attributable to controlling interest: | | | | | | | | | | | | | | | | | | | | |
| Continuing operations | | $ | (3.35 | ) | | $ | 1.06 | | | $ | 1.24 | | | $ | 2.45 | | | $ | 1.92 | |
| Net earnings (loss) | | $ | (3.35 | ) | | $ | 1.06 | | | $ | 1.24 | | | $ | 2.45 | | | $ | 1.92 | |
| Weighted average common shares outstanding: | | | | | | | | | | | | | | | | | | | | |
| Basic | | | 16,815 | | | | 16,395 | | | | 16,056 | | | | 15,751 | | | | 15,000 | |
| Diluted | | | 16,815 | | | | 16,417 | | | | 16,094 | | | | 15,937 | | | | 15,560 | |
| Cash dividends paid per share | | $ | .12 | | | $ | .32 | | | $ | .32 | | | $ | .32 | | | $ | .26 | |
Balance Sheet Data | | | | | | | | | | | | | | | | | | | | |
| Total assets | | $ | 1,048,291 | | | $ | 1,256,960 | | | $ | 1,072,749 | | | $ | 877,314 | | | $ | 671,207 | |
| Revolving notes and notes payable | | $ | 541,190 | | | $ | 580,954 | | | $ | 476,071 | | | $ | 357,040 | | | $ | 227,088 | |
| Total equity | | $ | 232,450 | | | $ | 281,838 | | | $ | 263,588 | | | $ | 236,136 | | | $ | 176,059 | |
Other Operating Data | | | | | | | | | | | | | | | | | | | | |
| New railcar units delivered | | | 3,700 | | | | 7,300 | | | | 8,600 | | | | 11,400 | | | | 13,200 | |
| New railcar units backlog | | | 13,400 | (3) | | | 16,200 | (3) | | | 12,100 | (3) | | | 14,700 | (3) | | | 9,600 | |
| Lease fleet: | | | | | | | | | | | | | | | | | | | | |
| Units managed | | | 217,403 | | | | 137,697 | | | | 136,558 | | | | 135,320 | | | | 128,645 | |
| Units owned | | | 8,713 | | | | 8,631 | | | | 8,663 | | | | 9,311 | | | | 9,958 | |
Cash Flow Data | | | | | | | | | | | | | | | | | | | | |
| Capital expenditures: | | | | | | | | | | | | | | | | | | | | |
| Manufacturing | | $ | 9,109 | | | $ | 24,113 | | | $ | 20,361 | | | $ | 15,121 | | | $ | 11,759 | |
| Refurbishment & Parts | | | 6,599 | | | | 7,651 | | | | 5,009 | | | | 2,906 | | | | 4,559 | |
| Leasing & Services | | | 23,139 | | | | 45,880 | | | | 111,924 | | | | 122,542 | | | | 52,805 | |
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| | | $ | 38,847 | | | $ | 77,644 | | | $ | 137,294 | | | $ | 140,569 | | | $ | 69,123 | |
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| Proceeds from sale of equipment | | $ | 15,555 | | | $ | 14,598 | | | $ | 119,695 | | | $ | 28,863 | | | $ | 32,528 | |
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| Depreciation and amortization: | | | | | | | | | | | | | | | | | | | | |
| Manufacturing | | $ | 11,471 | | | $ | 11,267 | | | $ | 10,762 | | | $ | 10,258 | | | $ | 10,003 | |
| Refurbishment & Parts | | | 11,885 | | | | 10,338 | | | | 9,042 | | | | 2,360 | | | | 2,202 | |
| Leasing & Services | | | 14,313 | | | | 13,481 | | | | 13,022 | | | | 12,635 | | | | 10,734 | |
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| | | $ | 37,669 | | | $ | 35,086 | | | $ | 32,826 | | | $ | 25,253 | | | $ | 22,939 | |
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Non-cash interest expense(4) | | $ | 8,648 | | | $ | 5,416 | | | $ | 4,999 | | | $ | 3,168 | | | $ | 189 | |
| Non-cash stock based compensation | | $ | 5,062 | | | $ | 3,932 | | | $ | 3,285 | | | $ | 2,816 | | | $ | 241 | |
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| (1) | | 2009 includes special charges net of tax of $51.0 million in goodwill impairment. 2008 includes special charges net of tax of $2.3 million related to the closure of our Canadian subsidiary. 2007 includes special charges net of tax of $13.7 million related to the impairment and closure of our Canadian subsidiary. |
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| (2) | | Consists of a reduction in loss contingency associated with the settlement of litigation relating to the logistics business that was discontinued in 1998. |
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| (3) | | 2009, 2008, 2007 and 2006 backlog include 8,500 units, 8,500 units, 3,500 units and 7,250 units subject to fulfillment of certain competitive and contractual conditions. 2006 through 2009 backlog all include 400 units subject to certain cancellation provisions. |
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| (4) | | Includes loan origination fee amortization and debt discount accretion associated with warrants and convertible debt. |
