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COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended
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Feb. 28, 2017
COMMITMENTS AND CONTINGENCIES [Abstract] |
Schedule of Future Minimum Lease Commitments |
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﻿ |  | Open |
﻿Years ended February 28, |  | Locations(1) |
﻿2018 |  | $ | 11,570 |
﻿2019 |  |  | 11,124 |
﻿2020(3) |  |  | 10,559 |
﻿2021 |  |  | 9,481 |
﻿2022 |  |  | 8,082 |
﻿Thereafter |  |  | 91,164 |
﻿Total |  | $ | 141,980 | (2)
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| (1) |  | Operating lease obligations have been reduced by approximately $316,678 to reflect sub-lease income. Certain obligations under leasing arrangements are collateralized by the underlying asset being leased.
| (2) |  | As of August 31, 2016, total future minimum lease commitments were $120.9 million. The increase during the period ending February 28, 2017 is primarily related to the extension of an existing lease within the Company’s Guatemala subsidiary for its Pradera location. The subsidiary signed an extension on November 25, 2016, extending the lease termination date from May 31, 2021 to November 30, 2043. The lease extension included the real property at this location currently used by the Company and added additional square footage in the same shopping center to the lease. This has effectively provided the Company with possession of substantially all of the real property available at that location. The Company plans to expand and upgrade the current warehouse club and parking areas and to improve access into and out from the location.
| (3) |  | The year 2020 is a leap year with the period ending February 29 th.
Schedule of Variable Interest Entities Maximum Loss Exposure |
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﻿Entity |  | % Ownership |  | Initial Investment |  | Additional Investments |  | Net (Loss)/Income 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 |  | $ | 296 |  | $ | 7,314 |  | $ | 99 |  | $ | 7,413
﻿Price Plaza Alajuela, S.A. |  | 50 | % |  |  | 2,193 |  |  | 1,236 |  |  | 16 |  |  | 3,445 |  |  | 785 |  |  | 4,230
﻿Total |  |  |  |  | $ | 6,809 |  | $ | 3,638 |  | $ | 312 |  | $ | 10,759 |  | $ | 884 |  | $ | 11,643
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| (1) |  | The parties intend to seek alternate financing for the project, which could reduce the amount of investments each party would be required to provide. The parties may mutually agree on changes to the project, 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.

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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