PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Aug. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

A summary of asset disposal activity for fiscal years 2015, 2014 and 2013 is as follows (in thousands):

	Historical Cost		Accumulated Depreciation		Proceeds from disposal		Gain/(Loss) recognized
Fiscal Year 2015	$	11,740	$	9,367	$	368	$	(2,005	)
Fiscal Year 2014	$	14,733	$	13,146	$	142	$	(1,445	)
Fiscal Year 2013	$	5,282	$	4,129	$	264	$	(889	)

The Company acquired beneficial rights to land in the municipality of Chia, Colombia, which is a northern suburb of Bogota, in May 2015. The Company announced on October 26, 2015 that it received all permits required for the construction and operation of its seventh warehouse club in Colombia on this site. The Company plans to commence construction in November 2015 and currently anticipates that this club will open in fall 2016.

The Company recorded within accounts payable and other accrued expenses approximately $458,000 and $1.5 million, respectively, as of August 31, 2015 and $2.9 million and $1.2 million, respectively, as of August 31, 2014 of liabilities related to the acquisition and/or construction of property and equipment.

Property and equipment consist of the following (in thousands):

	August 31,
	2015			2014
Land and land improvements	$	128,071		$	124,082
Building and building improvements	278,982			244,485
Fixtures and equipment	164,916			148,143
Construction in progress	26,679			55,664
Total property and equipment, historical cost	598,648			572,374
Less: accumulated depreciation	(165,608		)	(146,049		)
Property and equipment, net	$	433,040		$	426,325

Depreciation and amortization expense (in thousands):

	Years Ended August 31,
	2015		2014		2013
Depreciation and amortization expense	$	34,445	$	28,475	$	24,444

Schedule of Total interest capitalized [Table Text Block]

Total interest capitalized (in thousands):

	Twelve Months Ended August 31,
	2015		2014		2013
Interest capitalized	$	1,055	$	1,482	$	1,353

Total interest capitalized (in thousands):

	As of August 31, 2015		As of August 31, 2014
Total interest capitalized	$	6,961	$	6,542

Summary of Asset Disposal Activity

A summary of asset disposal activity for fiscal years 2015, 2014 and 2013 is as follows (in thousands):

	Historical Cost		Accumulated Depreciation		Proceeds from disposal		Gain/(Loss) recognized
Fiscal Year 2015	$	11,740	$	9,367	$	368	$	(2,005	)
Fiscal Year 2014	$	14,733	$	13,146	$	142	$	(1,445	)
Fiscal Year 2013	$	5,282	$	4,129	$	264	$	(889	)