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Revenue Recognition (Tables)
9 Months Ended
May 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Segment

A breakout by segment of revenue recognized over time versus at a point in time for the three and nine months ended May 31, 2024 and 2023 is as follows:

 

 

Three months ended

 

 

Three months ended

 

 

 

May 31, 2024

 

 

May 31, 2023

 

($ in thousands)

 

Irrigation

 

 

Infrastructure

 

 

Total

 

 

Irrigation

 

 

Infrastructure

 

 

Total

 

Point in time

 

$

107,438

 

 

$

17,542

 

 

$

124,980

 

 

$

135,990

 

 

$

16,817

 

 

$

152,807

 

Over time

 

 

7,402

 

 

 

1,276

 

 

 

8,678

 

 

 

6,581

 

 

 

1,383

 

 

 

7,964

 

Revenue from the contracts with customers

 

 

114,840

 

 

 

18,818

 

 

 

133,658

 

 

 

142,571

 

 

 

18,200

 

 

 

160,771

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease revenue

 

 

 

 

 

5,541

 

 

 

5,541

 

 

 

 

 

 

3,782

 

 

 

3,782

 

Total operating revenues

 

$

114,840

 

 

$

24,359

 

 

$

139,199

 

 

$

142,571

 

 

$

21,982

 

 

$

164,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended

 

 

Nine months ended

 

 

 

May 31, 2024

 

 

May 31, 2023

 

($ in thousands)

 

Irrigation

 

 

Infrastructure

 

 

Total

 

 

Irrigation

 

 

Infrastructure

 

 

Total

 

Point in time

 

$

365,184

 

 

$

42,835

 

 

$

408,019

 

 

$

423,212

 

 

$

51,743

 

 

$

474,955

 

Over time

 

 

22,842

 

 

 

3,944

 

 

 

26,786

 

 

 

19,218

 

 

 

4,494

 

 

 

23,712

 

Revenue from the contracts with customers

 

 

388,026

 

 

 

46,779

 

 

 

434,805

 

 

 

442,430

 

 

 

56,237

 

 

 

498,667

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease revenue

 

 

 

 

 

17,271

 

 

 

17,271

 

 

 

 

 

 

8,286

 

 

 

8,286

 

Total operating revenues

 

$

388,026

 

 

$

64,050

 

 

$

452,076

 

 

$

442,430

 

 

$

64,523

 

 

$

506,953