LEASES (Tables)

12 Months Ended

Aug. 31, 2018



	Years Ended August 31,
	2018		2017		2016
Minimum rental payments	$	12,963	$	11,223	$	9,986
Deferred rent accruals		127		(80)		1,363
Total straight line rent expense		13,090		11,143		11,349
Contingent rental payments		3,399		3,320		3,208
Common area maintenance expense		723		1,174		1,369
Rental expense	$	17,212	$	15,637	$	15,926

Schedule of Future Minimum Lease Commitments



	Leased
Years Ended August 31,	Locations(1)
2019	$	14,062
2020		12,366
2021		11,465
2022		11,382
2023		11,628
Thereafter		137,343
Total	$	198,246	(2)(3)

⁽¹⁾

Operating lease obligations have been reduced by approximately $3.3 million to reflect expected sub-lease income. Certain obligations under leasing arrangements are collateralized by the underlying asset being leased.

⁽²⁾

Future minimum lease payments include $2.4 million of lease payment obligations for the prior leased Miami distribution center. For the purposes of calculating the minimum lease payments, a reduction is reflected for the actual sub-lease income the Company expects to receive during the remaining lease term. This sub-lease income was also considered, for the purposes of calculating the exit obligation, which was immaterial as of August 31, 2018.

⁽³⁾

In March 2018, the Company acquired Aeropost, Inc., which provides logistics, payment and e-commerce services in Latin America and the Caribbean. Aeropost currently serves customers in 38 countries with Costa Rica, Trinidad and Jamaica as its largest markets. Aeropost leases and operates small retail stores that enable customers to pick up and pay for merchandise. Future minimum lease payments includes amounts related to these small retail locations, Aeropost Corporate Headquarters, central offices and distribution facilities.

Summary of Rental Income



	Years Ended August 31,
	2018		2017		2016
Minimum rental receipts	$	2,750	$	2,654	$	2,735
Deferred rent accruals		(26)		(17)		56
Total straight line rent income		2,724		2,637		2,791
Contingent rental receipts		130		121		112
Common maintenance area income		155		141		151
Rental income	$	3,009	$	2,899	$	3,054

Schedule of Future Minimum Rental Income



Years Ended August 31,	Amount
2019	$	3,304
2020		3,089
2021		2,743
2022		1,237
2023		973
Thereafter		3,638
Total	$	14,984