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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Nov. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Schedule of Real Estate Development 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.
﻿
Summary of Restricted Cash |
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ |  | November 30, |  |  | August 31,
﻿ |  | 2016 |  |  | 2016
﻿Short-term restricted cash: |  |  |  |  |  |  |
﻿Restricted cash for land purchase option agreements |  | $ | 442 |  |  | $ | 442
﻿Other short-term restricted cash |  |  | 75 |  |  |  | 76
﻿Total short-term restricted cash |  | $ | 517 |  |  | $ | 518
﻿ |  |  |  |  |  |  |
﻿Long-term restricted cash: |  |  |  |  |  |  |
﻿Other long-term restricted cash (1) |  | $ | 2,735 |  |  | $ | 2,676
﻿Total long-term restricted cash |  | $ | 2,735 |  |  | $ | 2,676
﻿Total restricted cash |  | $ | 3,252 |  |  | $ | 3,194
﻿
| (1) |  | Ot her long-term restricted cash consists mainly of cash deposits held within banking institutions or with external fund managers in compliance with federal regulatory requirements in Panama to pay a specified benefit on retirement, voluntary departure or death of employee s. Additionally, the Company records as long-term restricted cash amounts deposited in designated banking institutions for other regulatory requirements in Costa Rica.
﻿
Summary of Value Added Tax Receivables |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | November 30, |  | August 31,
﻿ |  | 2016 |  | 2016
﻿Prepaid expenses and other current assets |  | $ | 1,453 |  | $ | 1,635
﻿Other non-current assets |  |  | 33,584 |  |  | 32,502
﻿Total amount of VAT receivable reported |  | $ | 35,037 |  | $ | 34,137
﻿
Summary of Income Tax Receivables |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | November 30, |  | August 31,
﻿ |  | 2016 |  | 2016
﻿Prepaid expenses and other current assets |  | $ | 6,985 |  | $ | 6,402
﻿Other non-current assets |  |  | 11,356 |  |  | 10,376
﻿Total amount of income tax receivable reported |  | $ | 18,341 |  | $ | 16,778
﻿
Summary of Carrying Value and Fair Value of Debt |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | November 30, 2016 |  | August 31, 2016
﻿ |  | Carrying Value |  | Fair Value(1) |  | Carrying Value |  | Fair Value(1)
﻿Long-term debt, including current portion |  | $ | 84,452 |  | $ | 80,064 |  | $ | 88,107 |  | $ | 85,654
﻿
| (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 November 30, 2016 and August 31, 2016, 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 Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis | The following tables summarize financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of November 30, 2016 and August 31, 2016 (in thousands) for derivatives that qualify for hedge accounting: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
﻿Assets and Liabilities as of November 30, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
﻿Other non-current assets – (Cross-currency interest rate swaps) |  | $ | — |  | $ | 3,724 |  | $ | — |  | $ | 3,724
﻿Other non-current assets – (Interest rate swaps) |  |  | — |  |  | 439 |  |  | — |  |  | 439
﻿Other long-term liabilities – (Interest rate swaps) |  |  | — |  |  | (222) |  |  | — |  |  | (222)
﻿Other long-term liabilities – (Cross-currency interest rate swaps) |  |  | — |  |  | (808) |  |  | — |  |  | (808)
﻿Total |  | $ | — |  | $ | 3,133 |  | $ | — |  | $ | 3,133
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
﻿Assets and Liabilities as of August 31, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
﻿Other non-current assets – (Cross-currency interest rate swaps) |  | $ | — |  | $ | 3,224 |  | $ | — |  | $ | 3,224
﻿Other long-term liabilities – (Interest rate swaps) |  |  | — |  |  | (448) |  |  | — |  |  | (448)
﻿Other long-term liabilities – (Cross-currency interest rate swaps) |  |  | — |  |  | (1,066) |  |  | — |  |  | (1,066)
﻿Total |  | $ | — |  | $ | 1,710 |  | $ | — |  | $ | 1,710
﻿ The following tables summarize financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of November 30, 2016 and August 31, 2015 (in thousands) for derivatives that do not qualify for hedge accounting: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
﻿Assets and Liabilities as of November 30, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
﻿Other accrued expenses (Foreign currency forward contracts) |  | $ | — |  | $ | (153) |  | $ | — |  | $ | (153)
﻿Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting |  | $ | — |  | $ | (153) |  | $ | — |  | $ | (153)
﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
﻿Assets and Liabilities as of August 31, 2016 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
﻿Other accrued expenses (Foreign currency forward contracts) |  | $ | — |  | $ | (110) |  | $ | — |  | $ | (110)
﻿Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting |  | $ | — |  | $ | (110) |  | $ | — |  | $ | (110)
﻿
Schedule of Goodwill |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | November 30, |  | August 31, |  |  |
﻿ |  | 2016 |  | 2016 |  | Change
﻿Goodwill |  | $ | 35,603 |  | $ | 35,637 |  | $ | (34)
﻿
Summary of Foreign Currency Gains and Losses |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Three Months Ended
﻿ |  | November 30, |  | November 30,
﻿ |  | 2016 |  | 2015
﻿Currency gain (loss) |  | $ | (928) |  | $ | (244)
﻿
Schedule of Reconciliation of Effective Tax Rate |
﻿ |  |  |  |  |  |
﻿ |  | Three Months Ended
﻿ |  | November 30, |  | November 30,
﻿ |  | 2016 |  | 2015
﻿Federal tax provision at statutory rates |  | 35.0 | % |  | 35.0 | %
﻿State taxes, net of federal benefit |  | 0.3 |  |  | 0.4 |
﻿Differences in foreign tax rates |  | (4.5) |  |  | (4.7) |
﻿Permanent items and other adjustments |  | 0.8 |  |  | 2.0 |
﻿Increase (decrease) in foreign valuation allowance |  | (0.1) |  |  | 1.1 |
﻿Provision for income taxes |  | 31.5 | % |  | 33.8 | %
﻿

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