SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Aug. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of August 31, 2014 and August 31, 2013 (in thousands) for derivatives that qualify for hedge accounting:  

Assets and Liabilities as of August 31, 2014:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Prepaid expenses and other current assets (Cross-currency interest rate swaps)	$	—	$	495	$	—	$	495
Other non-current assets - (Cross-currency interest rate swaps)	$	—	$	970	$	—	$	970
Other non-current assets- (Interest rate swaps)	—		125		—		125
Total	$	—	$	1,590	$	—	$	1,590

Assets and Liabilities as of August 31, 2013:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Other non-current assets - (Cross-currency interest rate swaps)	$	—	$	1,505		$	—	$	1,505
Other long-term liabilities – (Interest rate swaps)	—		(14		)	—		(14		)
Total	$	—	$	1,491		$	—	1,491

The following table summarizes financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of August 31, 2014 and August 31, 2013 (in thousands) for derivatives that do not qualify for hedge accounting: 

Assets and Liabilities as of August 31, 2014	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Other accrued expenses (Foreign currency forward contracts)	—		(14		)	—		(14		)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(14	)	$	—	$	(14	)

Assets and Liabilities as of August 31, 2013	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Other accrued expenses (Foreign currency forward contracts)	—		—		—		—
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	—	$	—	$	—

Fair Value, by Balance Sheet Grouping

The carrying value and fair value of the Company’s debt as of August 31, 2014 and August 31, 2013 is as follows (in thousands):

	August 31, 2014				August 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current portion	$	91,439	$	92,893	$	73,020	$	72,576

Translation of foreign currencies gains or losses [Table Text Block]

The following table summarizes the amounts recorded for the twelve month periods ending August 31, 2014, 2013, and 2012 (in thousands):

	Twelve Months Ended
	August 31, 2014		August 31, 2013			August 31, 2012
Currency gain (loss)	$	984	$	(954	)	$	(525	)

Schedule of Equity Method Investments

The consolidated financial statements of the Company included herein include the assets, liabilities and results of operations of the Company’s wholly owned subsidiaries and the investments and operating results of joint ventures recorded under the equity method.  All significant inter-company accounts and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the SEC, and reflect all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary to fairly present the financial position, results of operations, and cash flows for the periods presented. As of August 31, 2014 all of the Company's subsidiaries are wholly-owned. Additionally, the Company's ownership interest in real estate development joint ventures as of August 31, 2014 is listed below:

Real Estate Development Joint Ventures	Countries	Ownership		Basis of Presentation
GolfPark Plaza, S.A.	Panama	50.0	%	Equity(1)
Plaza Price Alajuela PPA, S.A.	Costa Rica	50.0	%	Equity(1)

⁽¹⁾  Purchases of joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.

Schedule of Restricted Cash and Cash Equivalents [Table Text Block]

The following table summarizes the restricted cash reported by the Company (in thousands):

	August 31, 2014		August 31, 2013
Short-term restricted cash:
Restricted for Honduras loan	$	1,200	$	1,200
Restricted cash in Honduras for purchase of property	—		3,148
Restricted cash for land purchase option agreements	1,095		1,599
Other short-term restricted cash (1)	58		37
Total short-term restricted cash	$	2,353	$	5,984
Long-term restricted cash:
Restricted cash for Honduras loan	$	1,720	$	1,720
Restricted cash for Colombia bank loans	24,000		32,000
Other long-term restricted cash (1)	1,293		1,055
Total long-term restricted cash	$	27,013	$	34,775
Total restricted cash	$	29,366	$	40,759

⁽¹⁾ The other restricted cash consist mainly of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama.

Value Added Receivable [Table Text Block]

The following table summarizes the VAT receivables reported by the Company (in thousands):

	August 31, 2014		August 31, 2013
Prepaid expenses and other current assets	$	3,565	$	5,458
Other non-current assets	17,115		12,875
Total amount of VAT receivable reported	$	20,680	$	18,333

Schedule of Goodwill [Table Text Block]

The table below presents goodwill resulting from certain business combinations as of August 31, 2014 and August 31, 2013 (in thousands).  The change in goodwill is a result of foreign exchange translation losses.

	August 31, 2014		August 31, 2013		Change
Goodwill	$	36,108	$	36,364	$	(256	)