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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

May 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]



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 Consolidated Joint Ventures


Marketplace and Casillero Store-front Joint Ventures	Countries	Ownership		Basis of ‎Presentation
Guatemala	Guatemala	60.0	%	Consolidated
Tortola	British Virgin Islands	50.0	%	Consolidated
Trinidad	Trinidad	50.0	%	Consolidated

Summary of Restricted Cash


	May 31,		August 31,
	2020		2019
Short-term restricted cash	$	240	$	54
Long-term restricted cash ⁽¹⁾		3,996		3,529
Total restricted cash	$	4,236	$	3,583

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

Summary of Value Added Tax Receivables



	May 31,		August 31,
	2020		2019
Prepaid expenses and other current assets	$	724	$	1,639
Other non-current assets		25,235		22,691
Total amount of VAT receivables reported	$	25,959	$	24,330

Summary of Income Tax Receivables



	May 31,		August 31,
	2020		2019
Prepaid expenses and other current assets	$	8,084	$	9,009
Other non-current assets		20,652		16,381
Total amount of income tax receivables reported	$	28,736	$	25,390

Net Effect of Foreign Currency Translation


	Three Months Ended				Nine Months Ended
	May 31,		May 31,		May 31,			May 31,
	2020		2019		2020			2019
Effect on other comprehensive loss due to foreign currency translation	$	(12,874)	$	(9,697)	$	(19,981)	$	(17,972)

Summary of Foreign Currency Gains (Losses)



	Three Months Ended				Nine Months Ended
	May 31,		May 31,		May 31,		May 31,
	2020		2019		2020		2019
Currency gain (loss)	$	(1,529)	$	192	$	(2,431)	$	(1,930)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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