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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Operating Activities:    
Net income $ 24,869 $ 23,672
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,117 9,203
Allowance for doubtful accounts 7  
(Gain)/loss on sale of property and equipment 407 13
Deferred income taxes 984 470
Equity in (gains) losses of unconsolidated affiliates (7) 54
Stock-based compensation 2,442 2,100
Change in operating assets and liabilities:    
Receivables, prepaid expenses and other current assets, accrued salaries and benefits, deferred membership income and other accruals (6,574) (10,473)
Merchandise inventories (44,082) (55,448)
Accounts payable 12,894 32,291
Net cash provided by (used in) operating activities 2,057 1,882
Investing Activities:    
Additions to property and equipment (16,973) (17,708)
Deposits for land purchase option agreements (500)  
Proceeds from disposal of property and equipment 108 118
Capital contributions to joint ventures   (119)
Net cash provided by (used in) investing activities (17,365) (17,709)
Financing Activities:    
Proceeds from long-term bank borrowings   7,370
Repayment of long-term bank borrowings (3,688) (3,345)
Proceeds from short-term bank borrowings 681 2,255
Repayment of short-term bank borrowings (4,155) (6,882)
Excess tax benefit on stock-based compensation
Net cash provided by (used in) financing activities (7,162) (602)
Effect of exchange rate changes on cash and cash equivalents (1,650) (637)
Net increase (decrease) in cash and cash equivalents (24,120) (17,066)
Cash and cash equivalents at beginning of period 199,522 157,072
Cash and cash equivalents at end of period 175,402 140,006
Cash paid during the period for:    
Interest, net of amounts capitalized 1,620 1,325
Income taxes $ 13,704 $ 12,236