COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

May 31, 2019

COMMITMENTS AND CONTINGENCIES [Abstract]

Schedule of Future Minimum Lease Commitments



	Open
Years ended May 31,	Locations(1)
2020	$	13,583
2021		13,708
2022		12,903
2023		13,069
2024		12,770
Thereafter		183,840
Total	$	249,873	(2)

⁽¹⁾

Operating lease obligations have been reduced by approximately $2.5 million to reflect sub-lease income. Certain obligations under leasing arrangements are collateralized by the underlying asset being leased.

⁽²⁾

Future minimum lease payments include $1.8 million of lease payment obligations for the prior leased Miami distribution center. For the purposes of calculating the minimum lease payments, a reduction is reflected for the actual sub-lease income the Company expects to receive during the remaining lease term. This sub-lease income was also considered, for the purposes of calculating the exit obligation, which was immaterial as of May 31, 2019 and August 31, 2018.

Schedule of Variable Interest Entities Maximum Loss Exposure



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	$	194	$	7,212	$	99	$	7,311
Price Plaza Alajuela PPA, S.A.	50	%		2,193		1,236		69		3,498		785		4,283
Total			$	6,809	$	3,638	$	263	$	10,710	$	884	$	11,594

⁽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.