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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Operating Activities:    
Net income $ 52,088 $ 49,614
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,562 18,732
(Gain)/loss on sale of property and equipment 742 65
Deferred income taxes (1,412) 16
Excess tax benefit on stock-based compensation (213) (558)
Equity in (gains) losses of unconsolidated affiliates 7 (375)
Stock-based compensation 5,178 4,578
Change in operating assets and liabilities:    
Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals 386 (3,824)
Merchandise inventories (14,077) 7,074
Accounts payable (817) (5,742)
Net cash provided by (used in) operating activities 64,444 69,580
Investing Activities:    
Additions to property and equipment (87,020) (32,177)
Deposits for land purchase option agreements (300) (75)
Proceeds from disposal of property and equipment 181 129
Investment in joint ventures   (119)
Net cash provided by (used in) investing activities (87,139) (32,242)
Financing Activities:    
Proceeds from long-term bank borrowings 35,700 7,370
Repayment of long-term bank borrowings (7,231) (6,747)
Proceeds from short-term bank borrowings   5,650
Repayment of short-term bank borrowings (10,011) (12,204)
Cash dividend payments (10,641) (10,629)
Excess tax benefit on stock-based compensation 213 558
Purchase of treasury stock (1,941) (1,956)
Proceeds from exercise of stock options 229 80
Net cash provided by (used in) financing activities 6,318 (17,878)
Effect of exchange rate changes on cash and cash equivalents (1,155) (3,524)
Net increase (decrease) in cash and cash equivalents (17,532) 15,936
Cash and cash equivalents at beginning of period 199,522 157,072
Cash and cash equivalents at end of period 181,990 173,008
Supplemental disclosure of cash flow information:    
Dividends declared but not paid $ 10,643 $ 10,629