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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
May 31, 2012
May 31, 2011
Operating Activities:    
Net income $ 49,915 $ 49,060
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 17,610 13,675
Allowance for doubtful accounts (1) (2)
Loss on sale of property and equipment 239 299
Gain on sale of excess real estate in Panama 0 (1,249)
Deferred income taxes 1,728 2,907
Discontinued operations 6 161
Excess tax deficiency (benefit) on stock-based compensation (737) (876)
Equity in gains/(losses) of unconsolidated affiliates 9 45
Stock-based compensation 3,885 3,076
Change in operating assets and liabilities:    
Change in receivables, prepaid expenses and other current assets, accrued salaries and benefits, deferred membership income and other accruals 4,625 (5,280)
Merchandise inventories (3,031) (36,497)
Accounts payable 1,326 13,355
Net cash provided by (used in) continuing operating activities 75,574 38,674
Net cash provided by (used in) discontinued operating activities 407 108
Net cash provided by (used in) operating activities 75,981 38,782
Investing Activities:    
Additions to property and equipment (35,769) (34,810)
Proceeds from disposal of property and equipment 86 37
Proceeds on sale of excess real estate in Panama 0 7,406
Net cash provided by (used in) continuing investing activities (35,683) (27,367)
Financing Activities:    
Proceeds from bank borrowings 75,924 40,066
Repayment of bank borrowings (63,397) (32,176)
Release of (addition to) restricted cash (14,000) (14,920)
Cash dividend payments (9,060) (8,969)
Excess tax (deficiency) benefit on stock-based compensation 737 876
Purchase of treasury stock (3,013) (2,604)
Proceeds from exercise of stock options 89 144
Net cash provided by (used in) financing activities (12,720) (17,583)
Effect of exchange rate changes on cash and cash equivalents 548 (1,332)
Net increase (decrease) in cash and cash equivalents 28,126 (7,500)
Cash and cash equivalents at beginning of year 76,817 73,346
Cash and cash equivalents at end of year 104,943 65,846
Cash paid during the period for:    
Interest, net of amounts capitalized 3,775 2,767
Income taxes 22,193 16,130
Supplemental disclosure of non-cash financing activities:    
Cancellation of joint ventures Prico Enterprise loan (473) 0
Dividends declared but not paid $ 9,063 $ 8,970