XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Operating Activities:    
Net income $ 21,432 $ 20,005
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 6,654 5,684
Allowance for doubtful accounts 7 0
Loss on sale of property and equipment 84 57
Deferred income taxes (5) 1,209
Equity in gains/(losses) of unconsolidated affiliates (4) 4
Stock-based compensation 1,430 1,823
Change in operating assets and liabilities:    
Change in receivables, prepaid expenses and other current assets, accrued salaries and benefits, deferred membership income and other accruals (20,345) (9,558)
Merchandise inventories (81,308) (38,935)
Accounts payable 34,413 27,631
Net cash provided by (used in) operating activities (37,642) 7,920
Investing Activities:    
Additions to property and equipment (18,288) (14,663)
Proceeds from disposal of property and equipment 22 43
Capital contribution to joint ventures 0 (550)
Net cash provided by (used in) continuing investing activities (18,266) (15,170)
Financing Activities:    
Proceeds from bank borrowings 13,000 3,979
Repayment of bank borrowings (10,182) (1,921)
Release of (addition to) restricted cash 8,000 0
Net cash provided by (used in) financing activities 10,818 2,058
Effect of exchange rate changes on cash and cash equivalents 442 (1,706)
Net increase (decrease) in cash and cash equivalents (44,648) (6,898)
Cash and cash equivalents at beginning of year 121,874 91,248
Cash and cash equivalents at end of year 77,226 84,350
Cash paid during the period for:    
Interest, net of amounts capitalized 1,059 1,295
Income taxes 15,216 9,366
Supplemental disclosure of non-cash financing activities:    
Dividends declared but not paid $ 0 $ 18,129