XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
May 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Goodwill



 

 

 



 

 

May 31,



 

 

2018

Goodwill at August 31, 2017

 

$

35,642 

Foreign currency exchange rate changes

 

 

(324)

Aeropost acquisition - see Note 8

 

 

16,033 

Goodwill at May 31, 2018

 

$

51,351 



Schedule of Goodwill and Intangibles



 

 

 



 

 

May 31,



 

 

2018

Other intangibles at August 31, 2017

 

$

 —

Trade name

 

 

5,100 

Developed technology

 

 

11,000 

Other intangibles at May 31, 2018

 

$

16,100 

Amortization

 

 

(507)

Net other intangibles at May 31, 2018

 

$

15,593 



 

 

 

Total goodwill and other intangibles, net

 

$

66,944 



Schedule of Amortization of Intangible Assets



 

 

 

 

Twelve Month Ended August 31

 

Amount

 

2018

 

$

1,120 

(1)

2019

 

 

2,404 

 

2020

 

 

2,411 

 

2021

 

 

2,404 

 

2022

 

 

2,404 

 

Thereafter

 

 

5,357 

 

Total

 

$

16,100 

 



(1)

Includes $507,000 of actual recorded amortization expense for the period ended May 31, 2018.

Summary of Value Added Tax Receivables



 

 

 

 

 

 



 

 

 

 

 

 



 

May 31,

 

August 31,



 

2018

 

2017

Prepaid expenses and other current assets

 

$

7,256 

 

$

6,650 

Other non-current assets

 

 

19,758 

 

 

24,904 

Total amount of VAT receivables reported

 

$

27,014 

 

$

31,554 



Summary of Income Tax Receivables



 

 

 

 

 

 



 

 

 

 

 

 



 

May 31,

 

August 31,



 

2018

 

2017

Prepaid expenses and other current assets

 

$

4,236 

 

$

6,403 

Other non-current assets

 

 

17,347 

 

 

10,492 

Total amount of Income tax receivables reported

 

$

21,583 

 

$

16,895 



Summary of Foreign Currency Gains and Losses



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

May 31,

 

May 31,

 

May 31,

 

May 31,



 

2018

 

2017

 

2018

 

2017

Currency gain (loss)

 

$

(575)

 

$

1,101 

 

$

(87)

 

$

1,088 



Aero Post [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Joint Ventures



 

 

 

 

 

 

 

Aeropost Store-front Joint Ventures

 

Countries

 

Ownership

 

Basis of
Presentation

El Salvador

 

EL Salvador

 

60.0 

%

 

Consolidated

Guatemala

 

Guatemala

 

60.0 

%

 

Consolidated

Tortola

 

British Virgin Islands

 

50.0 

%

 

Consolidated

Trinidad

 

Trinidad

 

50.0 

%

 

Consolidated



Real Estate Development [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Joint Ventures



 

 

 

 

 

 

 



 

 

 

 

 

 

 

Real Estate Development Joint Ventures

 

Countries

 

Ownership

 

Basis of
Presentation

GolfPark Plaza, S.A.

 

Panama

 

50.0 

%

 

Equity(1)

Price Plaza Alajuela PPA, S.A.

 

Costa Rica

 

50.0 

%

 

Equity(1)



(1)

Joint venture interests are recorded as investment in unconsolidated affiliates on the consolidated balance sheets.