SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Additionally, the Company's ownership interest in real estate development joint ventures as of November 30, 2014 is listed below:



Real Estate Development Joint Ventures	Countries	Ownership		Basis of Presentation
GolfPark Plaza, S.A.	Panama	50.0	%	Equity⁽¹⁾
Price Plaza Alajuela PPA, S.A.	Costa Rica	50.0	%	Equity⁽¹⁾


⁽¹⁾	Joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.

Schedule of Restricted Cash and Cash Equivalents [Table Text Block]

The following table summarizes the restricted cash reported by the Company (in thousands):



	November 30, 2014		August 31, 2014
Short-term restricted cash:
Restricted cash for Honduras loan	$	1,200	$	1,200
Restricted cash for land purchase option agreements	1,266		1,095
Restricted cash in Panama for purchase of property	1,852		—
Other short-term restricted cash ⁽¹⁾	58		58
Total short-term restricted cash	$	4,376	$	2,353

Long-term restricted cash:
Restricted cash for Honduras loan	$	1,720	$	1,720
Restricted cash for Colombia bank loans	24,000		24,000
Other long-term restricted cash ⁽¹⁾	1,342		1,293
Total long-term restricted cash	$	27,062	$	27,013

Total restricted cash	$	31,438	$	29,366


⁽¹⁾	Other short-term and long-term restricted cash consists mainly of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama.

VAT Receivables [Table Text Block]

The following table summarizes the VAT receivables reported by the Company (in thousands):



	November 30, 2014		August 31, 2014
Prepaid expenses and other current assets	$	4,069	$	3,565
Other non-current assets	18,655		17,115
Total amount of VAT receivable reported	$	22,724	$	20,680

Income Tax Receivable [Table Text Block]

The following table summarizes the Income tax receivables reported by the Company (in thousands):



	November 30, 2014		August 31, 2014
Prepaid expenses and other current assets	$	1,992	$	1,916
Other non-current assets	8,331		7,218
Total amount of income tax receivable reported	$	10,323	$	9,134

Fair Value, by Balance Sheet Grouping

The carrying value and fair value of the Company’s debt as of November 30, 2014 and August 31, 2014 is as follows (in thousands):



	November 30, 2014				August 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current portion	$	96,310	$	96,684	$	91,439	$	92,893

Tabular disclosure of derivatives at fair value. [Table Text Block]

The following tables summarize financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of November 30, 2014 and August 31, 2014 (in thousands) for derivatives that qualify for hedge accounting:



Assets and Liabilities as of November 30, 2014	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Prepaid expenses and other current assets (Cross-currency interest rate swaps)	$	—	$	1,493		$	—	$	1,493
Other non-current assets - (Cross-currency interest rate swaps)	—		3,926			—		3,926
Other long-term liabilities – (Interest rate swaps)	—		(246		)	—		(246		)
Other long-term liabilities – (Cross-currency interest rate swaps)	—		(289		)	—		(289		)
Total	$	—	$	4,884		$	—	$	4,884



Assets and Liabilities as of August 31, 2014	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Prepaid expenses and other current assets (Cross-currency interest rate swaps)	$	—	$	495	$	—	$	495
Other non-current assets - (Cross-currency interest rate swaps)	—		970		—		970
Other non-current assets - (Interest rate swaps)	—		125		—		125
Total	$	—	$	1,590	$	—	$	1,590



Assets and Liabilities as of November 30, 2014	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Prepaid expenses and other current assets (Foreign currency forward contracts)	$	—	$	1,484		$	—	$	1,484
Other accrued expenses (Foreign currency forward contracts)	—		(7		)	—		(7		)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	1,477		$	—	$	1,477



Assets and Liabilities as of August 31, 2014	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Prepaid expenses and other current assets (Foreign currency forward contracts)	$	—	$	—		$	—	$	—
Other accrued expenses (Foreign currency forward contracts)	—		(14		)	—		(14		)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(14	)	$	—	$	(14	)

Schedule of Goodwill [Table Text Block]

The table below presents goodwill resulting from certain business combinations as of November 30, 2014 and August 31, 2014 (in thousands). The change in goodwill is a result of foreign exchange translation losses.



	November 30, 2014		August 31, 2014		Change
Goodwill	$	36,162	$	36,108	$	54

Translation of foreign currencies gains or losses [Table Text Block]

The following table summarizes the amounts recorded for the three month period ending November 30, 2014 and 2013 (in thousands):



	Three Months Ended
	November 30, 2014			November 30, 2013
Currency gain (loss)	$	(2,632	)	$	311

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following tables present a reconciliation of the effective tax rate for the periods presented:



	Three Months Ended
	November 30, 2014		November 30, 2013
Federal tax provision at statutory rates	35.0	%	35.0	%
State taxes, net of federal benefit	0.5		0.4
Differences in foreign tax rates	(4.6	)	(4.2	)
Permanent items and other adjustments	3.2		1.7
Increase (decrease) in foreign valuation allowance	2.9		(0.3	)
Provision for income taxes	37.0	%	32.6	%