SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Additionally, the Company's ownership interest in real estate development joint ventures as of November 30, 2015 is listed below:



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


⁽¹⁾	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):



	November 30, 2015		August 31, 2015
Short-term restricted cash:
Other short-term restricted cash ⁽¹⁾	$	60	$	61
Total short-term restricted cash	$	60	$	61

Long-term restricted cash:
Other long-term restricted cash ⁽¹⁾	$	2,063	$	1,464
Total long-term restricted cash	$	2,063	$	1,464

Total restricted cash	$	2,123	$	1,525


⁽¹⁾	Other short-term and long-term restricted cash consists mainly of cash deposits held within banking institutions in compliance with federal regulatory requirements in Costa Rica and Panama.

VAT Receivables [Table Text Block]

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



	November 30, 2015		August 31, 2015
Prepaid expenses and other current assets	$	9,004	$	4,673
Other non-current assets	24,428		22,239
Total amount of VAT receivable reported	$	33,432	$	26,912

Income Tax Receivable [Table Text Block]

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



	November 30, 2015		August 31, 2015
Prepaid expenses and other current assets	$	2,765	$	2,941
Other non-current assets	9,178		8,772
Total amount of income tax receivable reported	$	11,943	$	11,713

Fair Value, by Balance Sheet Grouping

The carrying value and fair value of the Company’s debt as of November 30, 2015 and August 31, 2015 is as follows (in thousands):



	November 30, 2015				August 31, 2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current portion	$	94,423	$	92,372	$	90,534	$	88,307

⁽¹⁾The Company has disclosed the fair value of long-term debt, including debt for which it has entered into cross-currency interest rate swaps, using the derivative obligation as of November 30, 2015 and August 31, 2015, to estimate the fair value of long-term debt, which includes the effects that the cross-currency interest rate swaps have had on the fair value of long-term debt.

Tabular disclosure of derivatives at fair value. [Table Text Block]

The following tables summarize financial assets and liabilities measured and recorded at fair value on a recurring basis in the Company’s consolidated balance sheet as of November 30, 2015 and August 31, 2015 (in thousands) for derivatives that qualify for hedge accounting:



Assets and Liabilities as of November 30, 2015	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)	$	—	$	4,208		$	—	$	4,208
Other long-term liabilities – (Interest rate swaps)	—		(379		)	—		(379		)
Other long-term liabilities – (Cross-currency interest rate swaps)	—		(1,271		)	—		(1,271		)
Total	$	—	$	2,558		$	—	$	2,558



Assets and Liabilities as of August 31, 2015	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)	$	—	$	4,129		$	—	$	4,129
Other long-term liabilities – (Interest rate swaps)	—		(387		)	—		(387		)
Other long-term liabilities – (Cross-currency interest rate swaps)	—		(1,312		)	—		(1,312		)
Total	$	—	$	2,430		$	—	$	2,430



Assets and Liabilities as of November 30, 2015	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)	$	—	$	(129	)	$	—	$	(129	)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(129	)	$	—	$	(129	)



Assets and Liabilities as of August 31, 2015	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)	$	—	$	(66	)	$	—	$	(66	)
Net fair value of derivatives designated as hedging instruments that do not qualify for hedge accounting	$	—	$	(66	)	$	—	$	(66	)

Schedule of Goodwill [Table Text Block]

The table below presents goodwill resulting from certain business combinations as of November 30, 2015 and August 31, 2015 (in thousands). The change in goodwill is a result of foreign exchange translation losses.



	November 30, 2015		August 31, 2015		Change
Goodwill	$	35,846	$	35,871	$	(25	)

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

The following table summarizes the amounts recorded for the three month periods ending November 30, 2015 and 2014 (in thousands):



	Three Months Ended
	November 30, 2015			November 30, 2014
Currency gain (loss)	$	(244	)	$	(2,632	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following tables present a reconciliation of the effective tax rate for the periods presented:



	Three Months Ended
	November 30, 2015		November 30, 2014
Federal tax provision at statutory rates	35.0	%	35.0	%
State taxes, net of federal benefit	0.4		0.5
Differences in foreign tax rates	(4.7	)	(4.6	)
Permanent items and other adjustments	2.0		3.2
Increase (decrease) in foreign valuation allowance	1.1		2.9
Provision for income taxes	33.8	%	37.0	%