SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Real Estate Development Joint Ventures



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.

Summary of Restricted Cash



	November 30,		August 31,
	2016		2016
Short-term restricted cash:
Restricted cash for land purchase option agreements	$	442	$	442
Other short-term restricted cash		75		76
Total short-term restricted cash	$	517	$	518

Long-term restricted cash:
Other long-term restricted cash (1)	$	2,735	$	2,676
Total long-term restricted cash	$	2,735	$	2,676
Total restricted cash	$	3,252	$	3,194

⁽¹⁾

Other long-term restricted cash consists mainly of cash deposits held within banking institutions or with external fund managers in compliance with federal regulatory requirements in Panama to pay a specified benefit on retirement, voluntary departure or death of employees. Additionally, the Company records as long-term restricted cash amounts deposited in designated banking institutions for other regulatory requirements in Costa Rica.

Summary of Value Added Tax Receivables



	November 30,		August 31,
	2016		2016
Prepaid expenses and other current assets	$	1,453	$	1,635
Other non-current assets		33,584		32,502
Total amount of VAT receivable reported	$	35,037	$	34,137

Summary of Income Tax Receivables



	November 30,		August 31,
	2016		2016
Prepaid expenses and other current assets	$	6,985	$	6,402
Other non-current assets		11,356		10,376
Total amount of income tax receivable reported	$	18,341	$	16,778

Summary of Carrying Value and Fair Value of Debt



	November 30, 2016				August 31, 2016
	Carrying Value		Fair Value(1)		Carrying Value		Fair Value(1)
Long-term debt, including current portion	$	84,452	$	80,064	$	88,107	$	85,654

⁽¹⁾

The Company has disclosed the fair value of long-term debt, including debt for which it has entered into cross-currency interest rate swaps, using the derivative obligation as of November 30, 2016 and August 31, 2016, to estimate the fair value of long-term debt, which includes the effects that the cross-currency interest rate swaps have had on the fair value of long-term debt.

Summary of Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

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, 2016 and August 31, 2016 (in thousands) for derivatives that qualify for hedge accounting:



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets and Liabilities as of November 30, 2016	(Level 1)		(Level 2)		(Level 3)		Total
Other non-current assets – (Cross-currency interest rate swaps)	$	—	$	3,724	$	—	$	3,724
Other non-current assets – (Interest rate swaps)		—		439		—		439
Other long-term liabilities – (Interest rate swaps)		—		(222)		—		(222)
Other long-term liabilities – (Cross-currency interest rate swaps)		—		(808)		—		(808)
Total	$	—	$	3,133	$	—	$	3,133



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets and Liabilities as of August 31, 2016	(Level 1)		(Level 2)		(Level 3)		Total
Other non-current assets – (Cross-currency interest rate swaps)	$	—	$	3,224	$	—	$	3,224
Other long-term liabilities – (Interest rate swaps)		—		(448)		—		(448)
Other long-term liabilities – (Cross-currency interest rate swaps)		—		(1,066)		—		(1,066)
Total	$	—	$	1,710	$	—	$	1,710

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, 2016 and August 31, 2015 (in thousands) for derivatives that do not qualify for hedge accounting:



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets and Liabilities as of November 30, 2016	(Level 1)		(Level 2)		(Level 3)		Total
Other accrued expenses (Foreign currency forward contracts)	$	—	$	(153)	$	—	$	(153)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(153)	$	—	$	(153)



	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets and Liabilities as of August 31, 2016	(Level 1)		(Level 2)		(Level 3)		Total
Other accrued expenses (Foreign currency forward contracts)	$	—	$	(110)	$	—	$	(110)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(110)	$	—	$	(110)

Schedule of Goodwill



	November 30,		August 31,
	2016		2016		Change
Goodwill	$	35,603	$	35,637	$	(34)

Summary of Foreign Currency Gains and Losses

Schedule of Reconciliation of Effective Tax Rate


	Three Months Ended
	November 30,		November 30,
	2016		2015
Federal tax provision at statutory rates	35.0	%	35.0	%
State taxes, net of federal benefit	0.3		0.4
Differences in foreign tax rates	(4.5)		(4.7)
Permanent items and other adjustments	0.8		2.0
Increase (decrease) in foreign valuation allowance	(0.1)		1.1
Provision for income taxes	31.5	%	33.8	%

Three Months Ended

November 30,

November 30,

Currency gain (loss)