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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Operating Activities:    
Net income $ 23,672 $ 20,647
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 9,203 7,797
(Gain)/Loss on sale of property and equipment 13 (28)
Deferred income taxes 470 2,607
Equity in gains/(losses) of unconsolidated affiliates 54 (6)
Stock-based compensation 2,100 1,556
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 (10,473) (6,888)
Merchandise inventories (55,448) (97,025)
Accounts payable 32,291 57,474
Net cash provided by (used in) operating activities 1,882 (13,866)
Investing Activities:    
Additions to property and equipment (17,708) (26,332)
Deposits for land purchase option agreements 0 (2,023)
Proceeds from disposal of property and equipment 118 39
Capital contribution to joint ventures (119) (1,200)
Net cash provided by (used in) continuing investing activities (17,709) (29,516)
Financing Activities:    
Proceeds from bank borrowings 7,370 18,350
Repayment of bank borrowings (3,345) (10,625)
Proceeds from short-term bank borrowings 2,255 25,807
Repayment of short-term bank borrowings (6,882) (8,000)
Excess tax benefit on stock-based compensation 0 0
Net cash provided by (used in) financing activities (602) 25,532
Effect of exchange rate changes on cash and cash equivalents (637) (35)
Net increase (decrease) in cash and cash equivalents (17,066) (17,885)
Cash and cash equivalents at beginning of year 157,072 137,098
Cash and cash equivalents at end of year 140,006 119,213
Cash paid during the period for:    
Interest, net of amounts capitalized 1,325 1,040
Income taxes $ 12,236 $ 11,657