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INCOME TAXES (Tables) | 12 Months Ended
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Aug. 31, 2025
Income Tax Disclosure [Abstract] |
Income from Continuing Operations Before Provision for Income Taxes and Loss of Unconsolidated Affiliates | Income from continuing operations before provision for income taxes and loss of unconsolidated affiliates includes the following components (in thousands):
| Years Ended August 31,
| 2025 |  | 2024 |  | 2023
United States | $ | 99,516 |  |  | $ | 60,697 |  |  | $ | 57,941 |
Foreign | 106,982 |  |  | 140,730 |  |  | 111,270 |
Income from continuing operations before provision for income taxes and income (loss) of unconsolidated affiliates | $ | 206,498 |  |  | $ | 201,427 |  |  | $ | 169,211 |
Significant Components of Income Tax Provision | Significant components of the income tax provision are as follows (in thousands):
| Years Ended August 31,
| 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
U.S. tax expense | $ | 20,236 |  |  | $ | 23,213 |  |  | $ | 21,604 |
Foreign tax expense | 42,564 |  |  | 43,488 |  |  | 41,639 |
Total | $ | 62,800 |  |  | $ | 66,701 |  |  | $ | 63,243 |
Deferred: |  |  |  |  |
U.S. tax benefit | $ | (7,886) |  |  | $ | (15,389) |  |  | $ | (11,958) |
U.S. valuation allowance change | 6,966 |  |  | 12,532 |  |  | 12,598 |
Foreign tax benefit | (3,556) |  |  | (1,904) |  |  | (3,935) |
Foreign valuation allowance change | 293 |  |  | 678 |  |  | 3 |
Total | $ | (4,183) |  |  | $ | (4,083) |  |  | $ | (3,292) |
Provision for income taxes | $ | 58,617 |  |  | $ | 62,618 |  |  | $ | 59,951 |
Schedule of Reconciliation of Effective Tax Rate | The reconciliation of income tax computed at the Federal statutory tax rate to the provision for income taxes is as follows (in percentages):
| Years Ended August 31,
| 2025 |  | 2024 |  | 2023
Federal tax provision at statutory rates | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State taxes, net of federal benefit | 0.4 |  |  | 0.2 |  |  | 0.3 |
Differences in foreign tax rates | 7.3 |  |  | 2.1 |  |  | 6.8 |
Permanent items and other adjustments | (3.4) |  |  | 0.6 |  |  | (0.1) |
Increase in valuation allowance | 3.1 |  |  | 7.2 |  |  | 7.4 |
Provision for income taxes | 28.4 | % |  | 31.1 | % |  | 35.4 | %
Significant Components of Deferred Tax Assets | Significant components of the Company’s deferred tax assets as of August 31, 2025 and 2024 are shown below (in thousands):
| August 31,
| 2025 |  | 2024
Deferred tax assets: |  |  |
Foreign tax credits | $ | 59,286 |  |  | $ | 54,451 |
Deferred compensation | 2,826 |  |  | 2,819 |
U.S. timing differences | 10,635 |  |  | 7,992 |
Foreign net operating losses | 4,692 |  |  | 4,590 |
Foreign timing differences: |  |  |
Accrued expenses and other timing differences | 10,100 |  |  | 8,765 |
Depreciation and amortization | 18,059 |  |  | 16,944 |
Deferred income | 9,869 |  |  | 9,120 |
Gross deferred tax assets | 115,467 |  |  | 104,680 |
U.S. deferred tax liabilities (depreciation and other timing differences) | (877) |  |  | (1,199) |
Foreign deferred tax liabilities netted against deferred tax assets | (6,629) |  |  | (5,883) |
U.S. valuation allowance | (61,478) |  |  | (55,871) |
Foreign valuation allowance | (5,254) |  |  | (5,110) |
Net deferred tax assets | $ | 41,229 |  |  | $ | 36,618 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
| Years Ended August 31,
| 2025 |  | 2024 |  | 2023
Balance at beginning of fiscal year | $ | 4,294 |  |  | $ | 4,745 |  |  | $ | 5,041 |
Gross increase - tax positions in prior period | — |  |  | 11 |  |  | 35 |
Gross decrease - tax positions in prior period | (3) |  |  | — |  |  | — |
Additions based on tax positions related to the current year | — |  |  | 7 |  |  | 143 |
Expiration of the statute of limitations for the assessment of taxes | (1,623) |  |  | (469) |  |  | (474) |
Balance at end of fiscal year | $ | 2,668 |  |  | $ | 4,294 |  |  | $ | 4,745 |
Summary of Income Tax Examinations | The Company is generally no longer subject to income tax examinations by tax authorities in its major jurisdictions except for the fiscal years subject to audit as set forth in the table below:
Tax Jurisdiction |  | Fiscal Years Subject to Audit
U.S. federal |  | 2007, 2016* to 2018*, 2022 to the present
California (U.S.) (state return) |  | 2021 to the present
Florida (U.S.) (state return) |  | 2012* to 2018*, 2022 to the present
Aruba |  | 2020 to the present
Barbados |  | 2019 to the present
Costa Rica |  | 2011 to 2012, 2015 to 2016, 2019 to the present
Colombia |  | 2019 to the present
Dominican Republic |  | 2011 to 2012, 2016, 2021 to the present
El Salvador |  | 2019, 2022 to the present
Guatemala |  | 2012 to 2013, 2019, 2021 to the present
Honduras |  | 2018 to the present
Jamaica |  | 2019 to the present
Mexico |  | 2021 to the present
Nicaragua |  | 2020 to the present
Panama |  | 2023 to the present
Trinidad |  | 2016, 2019 to the present
U.S. Virgin Islands |  | 2001 to the present
Spain |  | 2022 to the present
*Aeropost only

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