SEGMENTS (Tables)

3 Months Ended

9 Months Ended

12 Months Ended

May 31, 2012

May 31, 2013

Aug. 31, 2012

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

The following table summarizes the impact of these reclassifications to the amounts reported for each segment (in thousands):



Nine Month Period Ended May 31, 2012	United States Operations				Latin American Operations				Caribbean Operations			Total
Revenue from external customers-as previously reported	$	8,476			$	1,003,517			$	523,298		$	1,535,291
Reclassifications - front end sales	—				(277		)		(209		)	(486		)
Reclassifications - demonstration income	—				(2,844		)		(776		)	(3,620		)
Revenue from external customers-as currently reported	$	8,476			$	1,000,396			$	522,313		$	1,531,185

Long-lived assets (other than deferred tax assets)-as previously reported	$	38,494			$	223,065			$	114,967		$	376,526
Reclassifications	(22,165		)	⁽¹⁾	20,436			⁽²⁾	2,683			954
Long-lived assets (other than deferred tax assets)-as currently reported	$	16,329			$	243,501			$	117,650		$	377,480


⁽¹⁾	The Company reclassified approximately $22.2 million of long-lived assets incorrectly allocated to United States operations within the segment reporting at the end of the second quarter to Latin American Operations and Caribbean Operations for approximately $19.5 million and $2.7 million, respectively.


⁽²⁾	The Company reclassified prepaid expenses to long-lived assets within the Latin America Operations segment for approximately $954,000.

Reclassifications to consolidated statement of income recorded during fiscal year 2013 for fiscal year 2012 - The Company receives cash consideration from its vendors for product demonstrations. Prior to fiscal year 2013, the Company recorded this consideration as Other income. However, cash or equity consideration received from a vendor is presumed to be a reduction of cost of sales when it is recognized in the income statement. Additionally, reimbursements of costs incurred by the customer to sell the vendor's products are treated as a reduction of the related cost when recognized in the income statement. Therefore, the Company has accordingly recorded such consideration as a reduction to cost of sales and a reduction to related costs incurred to sell the vendor's products starting in fiscal year 2013. The Company has made reclassifications to the consolidated statement of income for fiscal year 2012 to conform to the presentation in fiscal year 2013. These reclassifications did not impact consolidated operating income or net income. The following table summarizes the impact of these reclassifications (in thousands):



	Three Months Ended
	November 30, 2011			February 29, 2012			May 31, 2012			August 31, 2012			Total Fiscal Year 2012
Revenues:
Net warehouse club sales-as previously reported	$	468,329		$	537,816		$	494,898		$	499,003		$	2,000,046
Reclassifications	(137		)	(197		)	(151		)	(197		)	(682		)
Net warehouse club sales-as currently reported	$	468,192		$	537,619		$	494,747		$	498,806		$	1,999,364

Other income-as previously reported	$	1,776		$	2,165		$	2,163		$	2,318		$	8,422
Reclassifications	(1,097		)	(1,230		)	(1,294		)	(1,279		)	(4,900		)
Other income-as currently reported	$	679		$	935		$	869		$	1,039		$	3,522

Cost of goods sold:
Net warehouse club-as previously reported	$	400,481		$	459,313		$	421,512		$	422,825		$	1,704,131
Reclassifications	(616		)	(805		)	(788		)	(590		)	(2,799		)
Net warehouse club-as currently reported	$	399,865		$	458,508		$	420,724		$	422,235		$	1,701,332

Selling, general and administrative:
Warehouse club operations-as previously reported	$	42,509		$	46,384		$	46,197		$	47,311		$	182,401
Reclassifications	(618		)	(622		)	(657		)	(886		)	(2,783		)
Warehouse club operations-as currently reported	$	41,891		$	45,762		$	45,540		$	46,425		$	179,618

Net effect on operating income	$	—		$	—		$	—		$	—		$	—



As of August 31, 2012	United States Operations		Latin American Operations			Caribbean Operations		Total
Long-lived assets (other than deferred tax assets)-as previously reported	$	17,781	$	249,925		$	116,557	$	384,263
Reclassifications	—		1,722		⁽³⁾	—		1,722
Long-lived assets (other than deferred tax assets)-as currently reported	$	17,781	$	251,647		$	116,557	$	385,985


⁽³⁾	The Company reclassified prepaid expenses to long-lived assets within the Latin America Operations segment for approximately $1.7 million.

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table summarizes by segment certain revenues, operating costs and balance sheet items (in thousands):



	United States Operations		Latin American Operations		Caribbean Operations		Reconciling Items⁽¹⁾			Total
Nine Month Period Ended May 31, 2013
Revenue from external customers	$	15,620	$	1,147,275	$	551,523	$	—		$	1,714,418
Intersegment revenues	659,166		—		3,565		(662,731		)	—
Depreciation and amortization	1,552		9,737		6,654		—			17,943
Operating income	25,103		53,151		16,705		—			94,959
Net income	17,628		34,404		11,394		—			63,426
Capital expenditures, net	322		46,517		5,544		—			52,383
Long-lived assets (other than deferred tax assets)	16,559		295,967		116,124		—			428,650
Goodwill	—		31,683		4,939		—			36,622
Identifiable assets	76,730		508,798		206,966		—			792,494
Nine Month Period Ended May 31, 2012
Revenue from external customers	$	8,476	$	1,000,396	$	522,313	$	—		$	1,531,185
Intersegment revenues	564,713		40		3,546		(568,299		)	—
Depreciation and amortization	1,299		8,677		7,634		—			17,610
Operating income	19,940		46,718		13,348		—			80,006
Net income	14,308		28,173		7,434		—			49,915
Capital expenditures, net	1,200		27,610		6,959		—			35,769
Long-lived assets (other than deferred tax assets)	16,329		243,501		117,650		—			377,480
Goodwill	—		31,939		5,165		—			37,104
Identifiable assets	64,580		446,624		204,736		—			715,940
As of August 31, 2012
Long-lived assets (other than deferred tax assets)	$	17,781	$	262,969	$	118,548	$	—		$	399,298
Goodwill	—		31,760		5,126		—			36,886
Identifiable assets	87,467		441,857		206,388		—			735,712


⁽¹⁾	The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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