COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Nov. 30, 2018

COMMITMENTS AND CONTINGENCIES [Abstract]

Schedule of Future Minimum Lease Commitments

	Open
Years ended November 30,	Locations(1)
2019	$	13,703
2020		12,344
2021		11,304
2022		11,491
2023		11,700
Thereafter		131,857
Total	$	192,399	(2)

⁽¹⁾ Operating lease obligations have been reduced by approximately $3.0 million to reflect sub-lease income.  Certain obligations under leasing arrangements are collateralized by the underlying asset being leased.

⁽²⁾ Future minimum lease payments include $2.2 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 November 30, 2018 and August 31, 2018.

Schedule of Variable Interest Entities Maximum Loss Exposure

Entity	% Ownership		Initial Investment		Additional Investments		Net (Loss)/Income Inception to Date		Company’s Variable Interest in Entity		Commitment to Future Additional Investments(1)		Company's Maximum Exposure to Loss in Entity(2)
GolfPark Plaza, S.A.	50	%	$	4,616	$	2,402	$	224	$	7,242	$	99	$	7,341
Price Plaza Alajuela, S.A.	50	%		2,193		1,236		63		3,492		785		4,277
Total			$	6,809	$	3,638	$	287	$	10,734	$	884	$	11,618

⁽¹⁾ The parties intend to seek alternate financing for the project, which could reduce the amount of investments each party would be required to provide.  The parties may mutually agree on changes to the project, which could increase or decrease the amount of contributions each party is required to provide.

⁽²⁾ The maximum exposure is determined by adding the Company’s variable interest in the entity and any explicit or implicit arrangements that could require the Company to provide additional financial support.