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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2015
Operating Activities:      
Net income $ 90,724 $ 88,723 $ 89,124
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 46,292 39,794 34,445
Allowance for doubtful accounts   7  
(Gain)/loss on sale of property and equipment 1,961 1,162 2,005
Deferred income taxes (2,845) 2,875 2,972
Excess tax benefit on stock-based compensation (165) (610) (1,206)
Equity in (gains) losses of unconsolidated affiliates 1 (332) (94)
Stock-based compensation 9,689 9,121 5,969
Proceeds from the settlement of derivatives     8,543
Change in operating assets and liabilities:      
Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals 1,894 (6,679) (7,807)
Merchandise inventories (28,039) (15,732) (40,792)
Accounts payable 3,344 23,202 16,423
Net cash provided by (used in) operating activities 122,856 141,531 109,582
Investing Activities:      
Additions to property and equipment (135,294) (77,700) (89,185)
Deposits for land purchase option agreements (300) (442) 1,095
Proceeds from disposal of property and equipment 377 86 368
Capital contributions in joint ventures   (119) (1,360)
Net cash provided by (used in) investing activities (135,217) (78,175) (89,082)
Financing Activities:      
Proceeds from long-term bank borrowings 47,700 14,370 52,977
Repayment of long-term bank borrowings (29,395) (16,525) (30,905)
Proceeds from short-term bank borrowings 678 28,927 51,664
Repayment of short-term bank borrowings (17,179) (19,314) (42,143)
Repayment of long-term debt with cross-currency interest rate swaps     (24,000)
Cash dividend payments (21,285) (21,274) (21,126)
Excess tax benefit on stock-based compensation 165 610 1,206
Purchase of treasury stock (3,193) (3,334) (4,677)
Proceeds from exercise of stock options 704 80 49
Net cash provided by (used in) financing activities (21,805) (16,460) (16,955)
Effect of exchange rate changes on cash and cash equivalents (2,838) (2,777) (11,412)
Net increase (decrease) in cash, cash equivalents, and restricted cash (37,004) 44,119 (7,867)
Cash, cash equivalents, and restricted cash at beginning of period 202,716 158,597 166,464
Cash, cash equivalents, and restricted cash at end of period 165,712 202,716 158,597
Supplemental disclosure of cash flow information:      
Interest, net of amounts capitalized 5,915 4,903 6,093
Income taxes 48,530 51,238 44,174
Reconciliation of cash, cash equivalents, and restricted cash:      
Total Cash, Cash equivalents, and restricted cash shown in statement of cash flows $ 202,716 $ 158,597 $ 166,464