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SEGMENTS | 12 Months Ended
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Aug. 31, 2017
SEGMENTS [Abstract] |
SEGMENTS | NOTE 15 – SEGMENTS ﻿ The Company and its subsidiaries are principally engaged in the international operation of membership shopping in 39 warehouse clubs located in 13 countries/territories that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, used by management and the Company's chief operating decision maker in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revise s the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by the Company's chief operating decision maker. When the Company do es so, the previous period amounts and balances are reclassified to conform to the current period's presentation. ﻿ ﻿ ﻿ Th e following tables summarize by segment certain revenues, operating costs and balance sheet items (in thousands): ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | United States Operations |  | Central American Operations |  | Caribbean Operations |  | Colombia Operations |  | Reconciling Items(1) |  | Total
﻿Years Ended August 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue from external customers |  | $ | 34,244 |  | $ | 1,789,889 |  | $ | 827,920 |  | $ | 344,575 |  | $ | — |  | $ | 2,996,628
﻿Intersegment revenues |  |  | 1,138,526 |  |  | — |  |  | 4,796 |  |  | 110 |  |  | (1,143,432) |  |  | —
﻿Depreciation and amortization |  |  | 6,653 |  |  | 20,252 |  |  | 10,205 |  |  | 9,182 |  |  | — |  |  | 46,292
﻿Operating income (loss) |  |  | 10,436 |  |  | 134,826 |  |  | 47,190 |  |  | 4,932 |  |  | (61,155) |  |  | 136,229
﻿Interest income from external sources |  |  | 13 |  |  | 914 |  |  | 740 |  |  | 142 |  |  | — |  |  | 1,809
﻿Interest income from intersegment sources |  |  | 739 |  |  | 882 |  |  | 546 |  |  | — |  |  | (2,167) |  |  | —
﻿Interest expense from external sources |  |  | 762 |  |  | 4,127 |  |  | 548 |  |  | 1,340 |  |  | — |  |  | 6,777
﻿Interest expense from intersegment sources |  |  | 42 |  |  | 1,106 |  |  | 990 |  |  | 34 |  |  | (2,172) |  |  | —
﻿Provision for income taxes |  |  | 9,560 |  |  | 23,368 |  |  | 7,654 |  |  | 1,436 |  |  | — |  |  | 42,018
﻿Net income (loss) |  |  | 3,893 |  |  | 107,797 |  |  | 38,403 |  |  | 1,786 |  |  | (61,155) |  |  | 90,724
﻿Long-lived assets (other than deferred tax assets) |  |  | 70,353 |  |  | 296,915 |  |  | 122,616 |  |  | 126,206 |  |  | — |  |  | 616,090
﻿Goodwill |  |  | — |  |  | 31,118 |  |  | 4,524 |  |  | — |  |  | — |  |  | 35,642
﻿Investment in unconsolidated affiliates |  |  | — |  |  | 10,765 |  |  | — |  |  | — |  |  | — |  |  | 10,765
﻿Total assets |  |  | 147,650 |  |  | 544,683 |  |  | 303,234 |  |  | 181,947 |  |  | — |  |  | 1,177,514
﻿Capital expenditures, net |  |  | 56,229 |  |  | 50,977 |  |  | 26,586 |  |  | 3,232 |  |  | — |  |  | 137,024
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﻿Years Ended August 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue from external customers |  | $ | 33,885 |  | $ | 1,758,853 |  | $ | 840,648 |  | $ | 271,790 |  | $ | — |  | $ | 2,905,176
﻿Intersegment revenues |  |  | 1,086,677 |  |  | — |  |  | 5,941 |  |  | — |  |  | (1,092,618) |  |  | —
﻿Depreciation and amortization |  |  | 4,775 |  |  | 18,673 |  |  | 9,907 |  |  | 6,439 |  |  | — |  |  | 39,794
﻿Operating income (loss) |  |  | 10,970 | (2) |  | 135,232 |  |  | 51,450 |  |  | (5,403) |  |  | (55,526) |  |  | 136,723
﻿Interest income from external sources |  |  | 25 |  |  | 802 |  |  | 381 |  |  | 99 |  |  | — |  |  | 1,307
﻿Interest income from intersegment sources |  |  | 2,519 |  |  | 944 |  |  | 554 |  |  | — |  |  | (4,017) |  |  | —
﻿Interest expense from external sources |  |  | — |  |  | 4,823 |  |  | 547 |  |  | 521 |  |  | — |  |  | 5,891
﻿Interest expense from intersegment sources |  |  | 61 |  |  | 2,059 |  |  | 1,854 |  |  | 49 |  |  | (4,023) |  |  | —
﻿Provision for income taxes |  |  | 10,047 |  |  | 23,227 |  |  | 8,697 |  |  | 878 |  |  | — |  |  | 42,849
﻿Net income (loss) |  |  | 935 | (2) |  | 107,396 |  |  | 43,114 |  |  | (7,196) |  |  | (55,526) |  |  | 88,723
﻿Long-lived assets (other than deferred tax assets) |  |  | 19,222 |  |  | 271,039 |  |  | 108,426 |  |  | 137,599 |  |  | — |  |  | 536,286
﻿Goodwill |  |  | — |  |  | 31,091 |  |  | 4,546 |  |  | — |  |  |  |  |  | 35,637
﻿Investment in unconsolidated affiliates |  |  | — |  |  | 10,767 |  |  | — |  |  | — |  |  | — |  |  | 10,767
﻿Total assets |  |  | 100,744 |  |  | 515,478 |  |  | 287,088 |  |  | 193,425 |  |  | — |  |  | 1,096,735
﻿Capital expenditures, net |  |  | 8,617 |  |  | 29,375 |  |  | 11,402 |  |  | 30,300 |  |  | — |  |  | 79,694
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Years Ended August 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Revenue from external customers |  | $ | 33,320 |  | $ | 1,625,567 |  | $ | 821,047 |  | $ | 322,669 |  | $ | — |  | $ | 2,802,603
﻿Intersegment revenues |  |  | 1,107,592 |  |  | — |  |  | 5,626 |  |  | — |  |  | (1,113,218) |  |  | —
﻿Depreciation and amortization |  |  | 2,733 |  |  | 15,115 |  |  | 9,605 |  |  | 6,992 |  |  | — |  |  | 34,445
﻿Operating income (loss) |  |  | 28,789 |  |  | 129,555 |  |  | 48,856 |  |  | (1,846) |  |  | (58,988) |  |  | 146,366
﻿Interest income from external sources |  |  | 79 |  |  | 811 |  |  | 114 |  |  | 54 |  |  | — |  |  | 1,058
﻿Interest income from intersegment sources |  |  | 3,142 |  |  | 282 |  |  | 556 |  |  | — |  |  | (3,980) |  |  | —
﻿Interest expense from external sources |  |  | 5 |  |  | 4,147 |  |  | 607 |  |  | 1,681 |  |  | — |  |  | 6,440
﻿Interest expense from intersegment sources |  |  | 126 |  |  | 1,204 |  |  | 1,966 |  |  | 684 |  |  | (3,980) |  |  | —
﻿Provision for income taxes |  |  | 15,548 |  |  | 24,618 |  |  | 6,787 |  |  | 613 |  |  | — |  |  | 47,566
﻿Net income (loss) |  |  | 13,551 |  |  | 101,190 |  |  | 41,130 |  |  | (7,759) |  |  | (58,988) |  |  | 89,124
﻿Long-lived assets (other than deferred tax assets) |  |  | 15,391 |  |  | 255,576 |  |  | 107,746 |  |  | 105,290 |  |  | — |  |  | 484,003
﻿Goodwill |  |  | — |  |  | 31,211 |  |  | 4,660 |  |  | — |  |  | — |  |  | 35,871
﻿Investment in unconsolidated affiliates |  |  | — |  |  | 10,317 |  |  | — |  |  | — |  |  | — |  |  | 10,317
﻿Total assets |  |  | 89,133 |  |  | 491,155 |  |  | 239,272 |  |  | 171,664 |  |  | — |  |  | 991,224
﻿Capital expenditures, net |  |  | 1,655 |  |  | 54,735 |  |  | 10,619 |  |  | 24,172 |  |  | — |  |  | 91,181
﻿ ﻿ (1) The reconciling items re flect the amount eliminated on consolidation of intersegment transaction s. (2)The decrease in operating income and net income for the United States Operations in fiscal year 2016 compared to fiscal year 2015 was primarily a result of the increase in operating expenses related to intercompany transactions with the Company’s Colombia subsidiary of approximately $10.9 million. This activity results in reductions to taxable income in the U.S. that lowered the provision for income taxes by approximately $3.9 million.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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