XML 50 R11.htm IDEA: XBRL DOCUMENT
v3.19.3

PROPERTY AND EQUIPMENT | 12 Months Ended
--- | ---
Aug. 31, 2019
PROPERTY AND EQUIPMENT [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 4 – PROPERTY AND EQUIPMENT ﻿ Property and equipment are stated at historical cost. The historical cost of acquiring an asset includes the costs incurred to bring it to the condition and location necessary for its intended use. Depreciation is computed on the straight-line basis over the estimated useful lives of the assets. The useful life of fixtures and equipment ranges from three to 15 years and that of certain components of building improvements and buildings from 10 to 25 years. Leasehold improvements are amortized over the shorter of the life of the improvement or the expected term of the lease. In some locations, leasehold improvements are amortized over a period longer than the initial lease term where management believes it is reasonably certain that the renewal option in the underlying lease will be exercised because an economic penalty may be incurred if the option is not exercised. The sale or purchase of property and equipment is recognized upon legal transfer of property. ﻿ Property and equipment consist of the following (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | August 31, |  | August 31,
﻿ |  | 2019 |  | 2018
﻿Land |  | $ | 207,167 |  | $ | 172,051
﻿Building and improvements |  |  | 464,025 |  |  | 424,736
﻿Fixtures and equipment |  |  | 258,543 |  |  | 228,891
﻿Construction in progress |  |  | 49,555 |  |  | 38,495
﻿Total property and equipment, historical cost |  |  | 979,290 |  |  | 864,173
﻿Less: accumulated depreciation |  |  | (308,139) |  |  | (269,770)
﻿Property and equipment, net |  | $ | 671,151 |  | $ | 594,403
﻿ Depreciation and amortization expense (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿Depreciation and amortization expense, Property and equipment |  | $ | 52,554 |  | $ | 51,520 |  | $ | 46,292
﻿ The Company capitalizes interest on expenditures for qualifying assets over a period that covers the duration of the activities required to get the asset ready for its intended use, provided that expenditures for the asset have been made and interest cost is being incurred. Interest capitalization continues as long as those activities and the incurrence of interest cost continue. The amount capitalized in an accounting period is determined by applying the Company’s consolidated capitalization rate (average interest rate) to the average amount of accumulated expenditures for the qualifying asset, for each country, during the period. The capitalization rates are based on the interest rates applicable to borrowings outstanding during the period. ﻿ Total interest capitalized (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Balance as of
﻿ |  | August 31, |  | August 31,
﻿ |  | 2019 |  | 2018
﻿Total interest capitalized |  | $ | 11,082 |  | $ | 9,043
﻿ Total interest capitalized (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿Interest capitalized during the period |  | $ | 2,116 |  | $ | 1,134 |  | $ | 447
﻿ A summary of asset disposal activity for fiscal years 2019, 2018 and 2017 is as follows (in thousands): ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Historical Cost |  | Accumulated Depreciation |  | Receivables and Proceeds from Disposal |  | Gain/(Loss) Recognized
﻿Fiscal Year 2019 |  | $ | 10,740 |  | $ | 9,587 |  | $ | 74 |  | $ | (1,079)
﻿Fiscal Year 2018 |  | $ | 10,465 |  | $ | 8,388 |  | $ | 738 |  | $ | (1,339)
﻿Fiscal Year 2017 |  | $ | 19,774 |  | $ | 17,436 |  | $ | 377 |  | $ | (1,961)
﻿ The Company also recorded within accounts payable and other accrued expenses approximately $322,000 and $6.3 million, respectively, as of August 31, 2019 and $81,000 and $1.4 million, respectively, as of August 31, 2018 of liabilities related to the acquisition and/or construction of property and equipment.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration