SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2023

Accounting Policies [Abstract]

Schedule of Joint Ventures

The Company's ownership interest in real estate development joint ventures the Company has recorded under the equity method as of November 30, 2023 are 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.

Summary of Restricted Cash

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

	November 30, 2023		August 31, 2023
Short-term restricted cash	$	2,869	$	2,865
Long-term restricted cash	9,567		9,353
Total restricted cash(1)	$	12,436	$	12,218

(1)Restricted cash consists of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama. In addition, the Company is required to maintain a certificate of deposit and/or security deposits of Trinidad dollars, as measured in U.S dollars, of approximately $6.4 million with a few of its lenders as compensating balances for several U.S. dollar and euro denominated loans payable over several years. The certificates of deposit will be reduced annually commensurate with the loan balances.

Summary of Value Added Tax Receivables

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

	November 30, 2023		August 31, 2023
Prepaid expenses and other current assets	$	3,029	$	2,774
Other non-current assets	37,469		36,060
Total amount of VAT receivables reported	$	40,498	$	38,834

Summary of Income Tax Receivables

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

	November 30, 2023		August 31, 2023
Prepaid expenses and other current assets	$	20,269	$	17,749
Other non-current assets	21,836		19,176
Total amount of income tax receivables reported	$	42,105	$	36,925

Net Effect of Foreign Currency Translation

The following table discloses the net effect of translation into the reporting currency on other comprehensive loss for these local currency denominated accounts for the three months ended November 30, 2023 and 2022 (in thousands):

	Three Months Ended
	November 30, 2023		November 30, 2022
Effect on other comprehensive income (loss) due to foreign currency translation	$	3,537	$	(885)

Summary of Foreign Currency Gains (Losses)

These foreign exchange transaction gains (losses), including transactions recorded involving these monetary assets and liabilities, are recorded as Other income (expense) in the consolidated statements of income (in thousands):

	Three Months Ended
	November 30, 2023		November 30, 2022
Currency loss	$	(2,701)	$	(4,503)