XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Revenues        
Net warehouse club sales $ 684,547 $ 675,314 $ 2,134,365 $ 2,043,849
Export sales 7,091 9,465 21,872 24,126
Membership income 11,475 11,189 34,226 32,202
Other income 1,149 1,135 3,661 3,244
Total revenues 704,262 697,103 2,194,124 2,103,421
Cost of goods sold:        
Net warehouse club 590,500 578,868 1,832,183 1,743,772
Export 6,742 8,992 20,799 22,953
Selling, general and administrative:        
Warehouse club operations 62,745 60,754 188,348 179,006
General and administrative 16,439 14,214 48,086 41,681
Pre-opening expenses 13 33 389 3,411
Loss/(gain) on disposal of assets 334 724 399 1,087
Total operating expenses 676,773 663,585 2,090,204 1,991,910
Operating income 27,489 33,518 103,920 111,511
Other income (expense):        
Interest income 322 283 780 813
Interest expense (1,571) (1,615) (4,480) (4,759)
Other income (expense), net (222) (311) (1,018) (4,602)
Total other income (expense) (1,471) (1,643) (4,718) (8,548)
Income before provision for income taxes and income (loss) of unconsolidated affiliates 26,018 31,875 99,202 102,963
Provision for income taxes (9,168) (10,750) (33,113) (36,378)
Income (loss) of unconsolidated affiliates (13) 70 362 92
Net income $ 16,837 $ 21,195 $ 66,451 $ 66,677
Net income per share available for distribution:        
Basic net income per share $ 0.55 $ 0.70 $ 2.19 $ 2.20
Diluted net income per share $ 0.55 $ 0.70 $ 2.19 $ 2.20
Shares used in per share computations:        
Basic 29,951 29,883 29,918 29,834
Diluted 29,955 29,888 29,923 29,841
Dividends per share     $ 0.70 $ 0.70