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INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2019
INCOME TAXES [Abstract] |
Income from Continuing Operations Before Provision for Income Taxes and Loss of Unconsolidated Affiliates |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿United States |  | $ | 25,167 |  | $ | 19,723 |  | $ | 24,773
﻿Foreign |  |  | 85,943 |  |  | 102,865 |  |  | 107,970
﻿Income from continuing operations before provision for income taxes and loss of unconsolidated affiliates |  | $ | 111,110 |  | $ | 122,588 |  | $ | 132,743
﻿
Significant Components of Income Tax Provision |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿Current: |  |  |  |  |  |  |  |  |
﻿U.S. tax expense (benefit) |  | $ | 10,878 |  | $ | 10,827 |  | $ | 12,185
﻿Foreign tax expense (benefit) |  |  | 29,675 |  |  | 30,389 |  |  | 32,680
﻿Total |  | $ | 40,553 |  | $ | 41,216 |  | $ | 44,865
﻿Deferred: |  |  |  |  |  |  |  |  |
﻿U.S. tax expense (benefit) |  | $ | (5,978) |  | $ | 8,223 |  | $ | (2,420)
﻿U.S. valuation allowance change |  |  | 6,171 |  |  | 2 |  |  | (164)
﻿Foreign tax expense (benefit) |  |  | 966 |  |  | 3,516 |  |  | (1,750)
﻿Foreign valuation allowance change |  |  | (4,152) |  |  | (4,780) |  |  | 1,487
﻿Total |  | $ | (2,993) |  | $ | 6,961 |  | $ | (2,847)
﻿Provision for income taxes |  | $ | 37,560 |  | $ | 48,177 |  | $ | 42,018
﻿
Schedule of Reconciliation of Effective Tax Rate |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  | 2017
﻿Federal tax provision at statutory rates |  | 21.0 | % |  | 25.7 | % |  | 35.0 | %
﻿State taxes, net of federal benefit |  | 0.3 |  |  | 0.2 |  |  | 0.3 |
﻿Differences in foreign tax rates |  | 10.6 |  |  | 3.9 |  |  | (5.2) |
﻿Permanent items and other adjustments |  | (2.1) |  |  | 10.8 |  |  | 1.5 |
﻿(Decrease)/increase in valuation allowance |  | 4.0 |  |  | (1.3) |  |  | 0.1 |
﻿Provision for income taxes |  | 33.8 | % |  | 39.3 | % |  | 31.7 | %
﻿
Significant Components of Deferred Tax Assets |
﻿ |  |  |  |  |  |
﻿ |  | August 31,
﻿ |  | 2019 |  | 2018
﻿Deferred tax assets: |  |  |  |  |  |
﻿U.S. net operating loss carryforward |  | $ | 3,763 |  | $ | 4,470
﻿Foreign tax credits |  |  | 7,170 |  |  | 126
﻿Deferred compensation |  |  | 927 |  |  | 907
﻿U.S. timing differences |  |  | 2,598 |  |  | 1,609
﻿Foreign net operating losses |  |  | 4,481 |  |  | 5,276
﻿Foreign timing differences: |  |  |  |  |  |
﻿Accrued expenses and other timing differences |  |  | 5,581 |  |  | 5,122
﻿Depreciation and amortization |  |  | 8,819 |  |  | 10,406
﻿Deferred income |  |  | 4,504 |  |  | 3,545
﻿Gross deferred tax assets |  |  | 37,843 |  |  | 31,461
﻿U.S. deferred tax liabilities (depreciation and other timing differences) |  |  | (5,286) |  |  | (5,844)
﻿Foreign deferred tax liabilities netted against deferred tax assets |  |  | (5,360) |  |  | (5,722)
﻿U.S. valuation allowance |  |  | (7,177) |  |  | (1,005)
﻿Foreign valuation allowance |  |  | (4,546) |  |  | (8,724)
﻿Net deferred tax assets |  | $ | 15,474 |  | $ | 10,166
﻿
Reconciliation of Unrecognized Tax Benefits | ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  | Years Ended August 31,
﻿ |  | 2019 |  | 2018 |  |  | 2017
﻿Balance at beginning of fiscal year |  | $ | 7,005 |  | $ | 7,694 |  |  | $ | 7,754
﻿Gross increase - tax positions in prior period |  |  | 530 |  |  | 1,600 | (1) |  |  | —
﻿Gross decrease - tax positions in prior period |  |  | — |  |  | (2,526) | (2) |  |  | —
﻿Additions based on tax positions related to the current year |  |  | 94 |  |  | 258 |  |  |  | 36
﻿Settlements |  |  | — |  |  | — |  |  |  | (65)
﻿Expiration of the statute of limitations for the assessment of taxes |  |  | (1,139) |  |  | (21) |  |  |  | (31)
﻿Balance at end of fiscal year |  | $ | 6,490 |  | $ | 7,005 |  |  | $ | 7,694
﻿
| (1) |  | Aeropost related unrecognized tax benefits, with corresponding increase to Goodwill, due to current year acquisition.
| (2) |  | Beneficial impact of US tax rate change, with corresponding detrimental rate change offset in deferred tax assets.
Summary of Income Tax Examinations |
﻿ |  |
﻿Tax Jurisdiction |  | Fiscal Years Subject to Audit
﻿U.S. federal |  | 2003 to 2005, 2007, 2011* to 2015*, 2016 to the present
﻿California (U.S.) (state return) |  | 2005 and 2015 to the present
﻿Florida(U.S.) (state return) |  | 2011 to 2015*, 2016 to the present
﻿Aruba |  | 2013 to the present
﻿Barbados |  | 2013 to the present
﻿Costa Rica |  | 2011 to 2012, 2014*, 2015 to the present
﻿Colombia |  | 2015 to the present
﻿Dominican Republic |  | 2011 to 2012 and 2016 to the present
﻿El Salvador |  | 2016 to the present
﻿Guatemala |  | 2009, 2012 to 2013, 2015 the present
﻿Honduras |  | 2014 to the present
﻿Jamaica |  | 2013 to the present
﻿Mexico |  | 2014 to the present
﻿Nicaragua |  | 2015 to the present
﻿Panama |  | 2015*, 2016 to the present
﻿Trinidad |  | 2013 to the present
﻿U.S. Virgin Islands |  | 2001 to the present
﻿Spain |  | 2016 to the present
﻿Chile |  | 2016* to the present
﻿*Aeropost only |  |
﻿

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