SEGMENTS

6 Months Ended

Feb. 29, 2012

NOTE 11 - SEGMENTS

The Company and its subsidiaries are principally engaged in the international operation of membership shopping warehouse clubs in 13 countries/territories that are located in Latin America and the Caribbean. In addition, the Company operates distribution centers and corporate offices in the United States. The Company's reportable segments are based on management's organization of these locations into operating segments by general geographic location, used by management in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. The Company's operating segments are the United States, Latin America and the Caribbean. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues and operating costs included in the United States segment have not been allocated, as it is impractical to do so.

	United States Operations			Latin American Operations			Caribbean Operations			Reconciling Items(1)			Total
Six Month Period Ended February 29, 2012
Revenue from external customers	$	5,708		$	669,518		$	353,292		$	-		$	1,028,518
Intersegment revenues		384,463			3			2,297			(386,763	)		-
Depreciation and amortization		(808	)		(5,809	)		(4,933	)		-			(11,550	)
Operating income		15,016			30,451			9,131			-			54,598
Net income		10,971			18,149			5,089			-			34,209
Capital expenditures, net		937			15,304			5,415			-			21,656
Long-lived assets (other than deferred tax assets)		38,721			214,409			116,161			-			369,291
Goodwill		-			32,032			5,189			-			37,221
Identifiable assets		45,449			440,521			211,557			-			697,527
Six Month Period Ended February 28, 2011
Revenue from external customers	$	3,312		$	521,884		$	310,493		$	-		$	835,689
Intersegment revenues		308,266			-			2,332			(310,598	)		-
Depreciation and amortization		(461	)		(4,617	)		(3,758	)		-			(8,836	)
Operating income		13,104			27,274			8,549			-			48,927
Net income		10,713			16,917			5,140			-			32,770
Capital expenditures, net		2,020			15,385			6,386			-			23,791
Long-lived assets (other than deferred tax assets)		35,998			184,021			124,465			-			344,484
Goodwill		-			32,317			5,216			-			37,533
Identifiable assets		52,102			347,782			215,622			-			615,506
As of August 31, 2011
Long-lived assets (other than deferred tax assets)		38,601		192,594				123,356			-			354,551
Goodwill		-		32,152				5,209			-			37,361
Identifiable assets		63,154		388,325				212,849			-			664,328

(1)	The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.