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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Aug. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Goodwill



 

 

 



 

August 31,



 

2018

Goodwill at August 31, 2017

 

$

35,642 

Foreign currency exchange rate changes

 

 

(543)

Aeropost acquisition - see Note 15

 

 

11,230 

Goodwill at August 31, 2018

 

$

46,329 



Schedule of Goodwill and Intangibles



 

 

 



 

August 31,



 

2018

Other intangibles at August 31, 2017

 

$

 —

Trade name

 

 

5,100 

Developed technology

 

 

11,000 

Other intangibles at August 31, 2018

 

$

16,100 

Amortization

 

 

(1,120)

Net other intangibles at August 31, 2018

 

$

14,980 



 

 

 

Total goodwill and other intangibles, net

 

$

61,309 



Schedule of Amortization of Intangible Assets



 

 

 

 

Twelve Month Ended August 31

 

Amount

 

2019

 

$

2,404 

 

2020

 

 

2,411 

 

2021

 

 

2,404 

 

2022

 

 

2,404 

 

2023

 

 

1,373 

 

Thereafter

 

 

3,984 

 

Total

 

$

14,980 

 



Summary of Value Added Tax Receivables



 

 

 

 

 

 



 

 

 

 

 

 



 

August 31,

 

August 31,



 

2018

 

2017

Prepaid expenses and other current assets

 

$

5,921 

 

$

6,650 

Other non-current assets

 

 

19,224 

 

 

24,904 

Total amount of VAT receivable reported

 

$

25,145 

 

$

31,554 



Summary of Income Tax Receivables



 

 

 

 

 

 



 

 

 

 

 

 



 

August 31,

 

August 31,



 

2018

 

2017

Prepaid expenses and other current assets

 

$

6,344 

 

$

6,403 

Other non-current assets

 

 

18,165 

 

 

10,492 

Total amount of income tax receivable reported

 

$

24,509 

 

$

16,895 



Summary of Carrying Value and Fair Value of Debt



 

August 31, 2018

 

August 31, 2017



 

Carrying
Value

 

Fair
Value(1)

 

Carrying
Value

 

Fair
Value

Long-term debt, including current portion

 

$

102,575 

 

$

96,959 

 

$

106,297 

 

$

102,911 



(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 August 31, 2018 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 Foreign Currency Gains and Losses



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended August 31,



 

2018

 

2017

 

2016

Currency gain (loss)

 

$

192 

 

$

1,241 

 

$

(899)



Net Effect of Foreign Currency Translation



 

 

 

 

 

 

 

 

 



 

Years Ended August 31,



 

2018

 

2017

 

2016

Effect on other comprehensive (loss) income due to foreign currency restatement

 

$

(12,890)

 

$

(6,297)

 

$

(1,702)



Aero Post [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Joint Ventures



 

 

 

 

 

 

 

Aeropost Store-front Joint Ventures

 

Countries

 

Ownership

 

Basis of
Presentation

El Salvador

 

EL Salvador

 

60.0 

%

 

Consolidated

Guatemala

 

Guatemala

 

60.0 

%

 

Consolidated

Tortola

 

British Virgin Islands

 

50.0 

%

 

Consolidated

Trinidad

 

Trinidad

 

50.0 

%

 

Consolidated



Real Estate Development [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of 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.