XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.4
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Nov. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Commitments The present value of estimated future minimum lease commitments for this lease are as follows (in thousands):
Twelve Months Ended November 30,
Amount
2025$702 
20261,640 
20271,602 
20281,564 
20291,527 
Thereafter19,897 
Total future lease payments$26,932 
Schedule of Variable Interest Entities Maximum Loss Exposure
The table below summarizes the Company’s interest in real estate joint ventures, commitments to additional future investments and the Company’s maximum exposure to loss as a result of its involvement in these joint venture as of November 30, 2023 (in thousands):
Entity%
Ownership		Initial
Investment		Additional
Investments		Net Income (Loss)
Inception to
Date		Company’s
Variable
Interest
in Entity
Commitment
to Future
Additional
Investments(1)
Company's
Maximum
Exposure
to Loss in
Entity(2)
GolfPark Plaza, S.A.50 %$4,616 $2,402 $(107)$6,911 $99 $7,010 
Price Plaza Alajuela PPA, S.A.50 %2,193 1,236 203 3,632 785 4,417 
Total$6,809 $3,638 $96 $10,543 $884 $11,427 
(1)The parties intend to seek alternate financing for the projects, which could reduce the amount of investments each party would be required to provide. The parties may mutually agree on changes to the projects, which could increase or decrease the amount of contributions each party is required to provide.
(2)The maximum exposure is determined by adding the Company’s variable interest in the entity and any explicit or implicit arrangements that could require the Company to provide additional financial support.