SEGMENTS (Tables)

12 Months Ended

Aug. 31, 2014

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

The following tables summarize the impact of this reclassification (in thousands):



	Years Ended August 31,
	2013			2012
Other income (expense), net – as previously reported	$	(1,843	)	$	(837	)
Loss/(gain) on disposal of assets, other income (expense), net reclassified to Loss/(gain) on disposal of assets, total operating expenses	889			312
Other income (expense), net – as currently reported	$	(954	)	$	(525	)

	Years Ended August 31,
	2013			2012
Composition of beginning balance other income (expense) – as previously reported:
Gain/(loss) on sale	$	(889	)	$	(312	)
Currency gain/(loss)	(954		)	(525		)
Total	$	(1,843	)	(837		)

Composition of ending balance Other income (expense) – as currently reported:
Gain/(loss) on sale	$	—		$	—
Currency gain/(loss)	(954		)	(525		)
Total	$	(954	)	$	(525	)

The following table summarizes the impact of these reclassifications (in thousands):



	Total Fiscal Year 2012
Revenues:
Net warehouse club sales-as previously reported	$	2,000,046
Reclassifications	(682		)
Net warehouse club sales-as currently reported	$	1,999,364

Other income-as previously reported	$	8,422
Reclassifications	(4,900		)
Other income-as currently reported	$	3,522

Cost of goods sold:
Net warehouse club-as previously reported	$	1,704,131
Reclassifications	(2,799		)
Net warehouse club-as currently reported	$	1,701,332

Selling, general and administrative:
Warehouse club operations-as previously reported	$	182,401
Reclassifications	(2,783		)
Warehouse club operations-as currently reported	$	179,618

Net effect on operating income	$	—

The following tables summarize the impact of these reclassifications to the amounts reported for each segment (in thousands):



Twelve Month Period Ended August 31, 2012	United States Operations			Latin American Operations			Caribbean Operations			Total
Revenue from external customers-as previously reported	$	15,320		$	1,341,688		$	693,737		$	2,050,745
Reclassifications - front end sales	—			(388		)	(294		)	(682		)
Reclassifications - demonstration income	—			(3,865		)	(1,035		)	(4,900		)
Revenue from external customers-as currently reported	$	15,320		$	1,337,435		$	692,408		$	2,045,163

Operating income -as previously reported	30,750			57,657			19,519			107,926
Reclassification - Gain/(Loss) asset disposals	(3		)	(263		)	(46		)	(312		)
Operating income-as currently reported	$	30,747		$	57,394		$	19,473		$	107,614

Long-lived assets (other than deferred tax assets)-as previously reported	17,781			249,925			116,557			384,263
Reclassification- VAT to long lived assets	—			11,321			1,992			13,313
Reclassifications prepaid assets to long lived assets⁽¹⁾	—			1,722			—			1,722
Long-lived assets (other than deferred tax assets)-as currently reported	$	17,781		$	262,968		$	118,549		$	399,298


⁽¹⁾	The Company reclassified prepaid expenses to long-lived assets within the Latin America Operations segment for approximately $1.7 million.

Schedule of Segment Reporting Information, by Segment [Table Text Block]



	United States Operations		Latin American Operations		Caribbean Operations		Reconciling Items⁽¹⁾			Total
Year ended August 31, 2014
Revenue from external customers	$	31,279	$	1,701,063	$	785,225	$	—		$	2,517,567
Intersegment revenues	959,297		—		5,265		(964,562		)	—
Depreciation and amortization	2,238		17,175		9,062		—			28,475
Operating income	38,450		71,860		26,397		—			136,707
Interest income from external sources	18		676		159		—			853
Interest income from intersegment sources	2,603		325		561		(3,489		)	—
Interest expense from external sources	34		3,549		712		—			4,295
Interest expense from intersegment sources	120		1,355		2,014		(3,489		)	—
Provision for income taxes	12,739		21,932		6,701		—			41,372
Net income	25,620		47,678		19,588		—			92,886
Long-lived assets (other than deferred tax assets)	16,488		396,280		113,134		—			525,902
Goodwill	—		31,383		4,725		—			36,108
Investment in unconsolidated affiliates	—		8,863		—		—			8,863
Total assets	91,190		625,777		223,251		—			940,218
Capital expenditures, net	7,627		103,979		9,534		—			121,140
	United States Operations		Latin American Operations		Caribbean Operations		Reconciling Items⁽¹⁾			Total
Year ended August 31, 2013
Revenue from external customers	$	23,059	$	1,542,401	$	734,352	$	—		$	2,299,812
Intersegment revenues	877,337		99		4,721		(882,157		)	—
Depreciation and amortization	2,121		13,453		8,870		—			24,444
Operating income	34,132		69,746		23,168		—			127,046
Interest income from external sources	163		1,077		95		—			1,335
Interest income from intersegment sources	2,841		410		556		(3,807		)	—
Interest expense from external sources	8		3,136		1,072		—			4,216
Interest expense from intersegment sources	141		1,061		2,605		(3,807		)	—
Provision for income taxes	11,011		21,921		6,010		—			38,942
Net income	23,200		44,862		16,203		—			84,265
Long-lived assets (other than deferred tax assets)	19,114		304,731		113,742		—			437,587
Goodwill	—		31,474		4,890		—			36,364
Investment in unconsolidated affiliates	—		8,104		—		—			8,104
Total assets	103,844		518,313		203,882		—			826,039
Capital expenditures, net	3,456		59,064		7,407		—			69,927



	United States Operations		Latin American Operations		Caribbean Operations		Reconciling Items⁽¹⁾			Total
Year ended August 31, 2012
Revenue from external customers	$	15,320	$	1,337,435	$	692,408	$	—		$	2,045,163
Intersegment revenues	766,462		40		4,726		(771,228		)	—
Depreciation and amortization⁽²⁾	1,782		11,655		10,302		—			23,739
Operating income	30,747		57,394		19,473		—			107,614
Interest income from external sources	220		611		77		—			908
Interest income from intersegment sources	2,430		386		536		(3,352		)	—
Interest expense from external sources	25		4,148		1,110		—			5,283
Interest expense from intersegment sources	62		464		2,826		(3,352		)	—
Provision for income taxes	10,720		18,226		6,107		—			35,053
Net income	20,220		33,264		14,137		—			67,621
Long-lived assets (other than deferred tax assets)	17,781		262,968		118,549		—			399,298
Goodwill	—		31,760		5,126		—			36,886
Investment in unconsolidated affiliates	—		7,559		—		—			7,559
Total assets	87,467		441,857		206,388		—			735,712
Capital expenditures, net	1,972		42,116		8,617		—			52,705


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


⁽²⁾	Includes a $1.1 million error that increased expenses in the Caribbean operations and a $313,000 error that increased expenses in the Latin America operations, both of which were related to prior periods. See Note 1- Company Overview and Basis of Presentation.

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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