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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Revenues:        
Net warehouse club sales $ 710,699 $ 684,547 $ 2,199,051 $ 2,134,365
Export sales 6,475 7,091 25,381 21,872
Membership income 12,038 11,475 35,581 34,226
Other income 1,046 1,149 3,113 3,661
Total revenues 730,258 704,262 2,263,126 2,194,124
Cost of goods sold:        
Net warehouse club 611,455 590,500 1,879,747 1,832,183
Export 6,143 6,742 24,085 20,799
Selling, general and administrative:        
Warehouse club operations 67,754 62,745 200,964 188,348
General and administrative 16,907 16,439 51,921 48,086
Pre-opening expenses 9 13 (104) 389
Loss/(gain) on disposal of assets 364 334 1,106 399
Total operating expenses 702,632 676,773 2,157,719 2,090,204
Operating income 27,626 27,489 105,407 103,920
Other income (expense):        
Interest income 392 322 1,443 780
Interest expense (1,828) (1,571) (5,126) (4,480)
Other income (expense), net 1,101 (222) 1,088 (1,018)
Total other income (expense) (335) (1,471) (2,595) (4,718)
Income before provision for income taxes and income (loss) of unconsolidated affiliates 27,291 26,018 102,812 99,202
Provision for income taxes (8,459) (9,168) (31,885) (33,113)
Income (loss) of unconsolidated affiliates 6 (13) (1) 362
Net income $ 18,838 $ 16,837 $ 70,926 $ 66,451
Net income per share available for distribution:        
Basic net income per share $ 0.62 $ 0.55 $ 2.34 $ 2.19
Diluted net income per share $ 0.62 $ 0.55 $ 2.34 $ 2.19
Shares used in per share computations:        
Basic 30,043 29,951 30,010 29,918
Diluted 30,045 29,955 30,014 29,923
Dividends per share $ 0.70 $ 0.70